Seanergy Maritime Holdings Corp. · NASDAQ:SHIP

Seanergy Maritime — Investor Presentation (November 2017)

28 slides from Seanergy Maritime's investor presentation, November 2017

  1. Slide 1: Seanergy Maritime Holdings Corp. Corporate Presentation

    seanergy Seanergy Maritime Holdings Corp. CORPORATE PRESENTATION a November 2017 <

  2. Slide 2: Important Disclosures

    Important Disclosures This document shall not constitute an offer to sell or the solicitation of any offer to buy an interest in Seanergy Maritime Holdings Corp. (the “Company”). This document contains forward-looking statements. Forward-looking statements include, but are not limited to, statements

  3. Slide 3: Company Profile

    PaO lesen Profile

  4. Slide 4: Seanergy Maritime Holdings Corp. Highlights

    Seanergy Maritime Holdings Corp. Highlights  Owner and operator of dry bulk vessels, specializing in the Capesize sector NASDAQ Ticker:  Modern fleet of 11 dry bulk vessels  9 Capesize & 2 Supramax  Combined capacity of 1.7 million dwt Share Price:1 $1.18  Average age of 8.5 years Basic Shares

  5. Slide 5: Fleet Profile

    Fleet Profile Type of Vessel Name Vessel Class Year Built Capacity (dwt) Yard Employment Partnership Capesize 2012 179,213 Time Charter(1) Hyundai Championship Capesize 2011 179,238 Spot Sungdong Knightship Capesize 2010 178,978 Spot Hyundai Lordship Capesize 2010 178,838 Time Charter(2) Hyundai Gen

  6. Slide 6: Company History

    Company History 2017 2015 2008 – 2014 2016 Further Expansion & Re-launch & Original Operations Expansion Potential for Continued Rapid Growth Growth  Owner and operator of  March 2015, took  August - December 2016,  Balance sheet dry bulk vessels delivery of a Japanese raised $25.5m in equity st

  7. Slide 7: Experienced CEO, Board of Directors and Sponsor

    Experienced CEO, Board of Directors and Sponsor  19+ years successful track record in shipping and finance  Extensive experience with shipping transactions on NYSE and NASDAQ Stamatis Tsantanis  Raised more than $2.3 billion in equity and in secured and unsecured debt on major capital markets Cha

  8. Slide 8: Competitive Strengths

    i bees Competitive Strengths

  9. Slide 9: Strong Relationships with Major Charterers

    Strong Relationships with Major Charterers  Our diverse customer base includes the world’s largest miners, trading companies and cargo operators  High quality fleet and lower break-even levels provide chartering competitiveness and flexibility Seanergy enjoys market recognition as a quality and re

  10. Slide 10: Accretive Transactions 2016-2017

    Accretive Transactions 2016-2017 Equity Capital Equity Accretion Raised  Seanergy has raised $24.7  Accretion of $18 million million in net proceeds from (aggregate unrealized capital the capital markets since gains) created from the August 2016 acquisition of M/V Knightship, M/V Lordship and M/V

  11. Slide 11: Low Operating & Acquisition Costs

    Low Operating & Acquisition Costs Source: Seanergy accounts, Moore Stephens OpCost 2017 report Source: Clarksons Timeseries 11

  12. Slide 12: High Quality Operator with Solid Corporate Governance

    High Quality Operator with Solid Corporate Governance Top quality operations and technical management  Our experienced in-house team closely monitors and supervises all key aspects of operations and the technical management of our fleet  Vessel operations, drydocks, major purchasing, insurance, cl

  13. Slide 13: Loan Facilities

    Loan Facilities1 Bank Facility Vessels 2 senior facilities Leadership ; Squireship 1 senior facility Partnership & Championship 1 senior facility Geniuship & Gloriuship 1 senior facility Premiership, Gladiatorship & Guardianship 1 senior facility Lordship & Knightship Jelco Delta2 2 junior facilitie

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  15. Slide 15: Dry Bulk Industry Supply & Demand

    Dry Bulk Industry Supply & Demand Supply Dynamics  Fleet growth has declined every year since 2011  2016 fleet growth of 2% was the lowest fleet growth level of the last 15 years  Fleet growth expected at 2.2% in 2017 and 3.4% in 2018 Source: Clarksons Timeseries Demand Dynamics  Robust demand g

  16. Slide 16: Capesize Supply / Demand Fundamentals

    Capesize Supply / Demand Fundamentals  Asset prices and charter rates have recovered from historical low levels but remain far below historical average levels  Robust trade volumes are expected to continue through 2020 with a higher ton-mile effect  Growth in iron ore ton mile demand from 2017 on

  17. Slide 17: Capesize Sector - Compelling Investment Opportunity

    Capesize Sector - Compelling Investment Opportunity Capesize Historical Daily 5 yr old 10 yr old Significant upside potential Earnings Cape price Cape price (in $)1 (in $ million)2 (in $ million)3 15-yr average 39,551 54.4 39.1 15-yr (excl. 2006-2008 supercycle) 28,377 43.0 30.5 Oct. 2017 20,9134 34

  18. Slide 18: Financials Summary

    Financials Summary 9M 2017 1. Fleet utilization is the percentage of time that the vessels are generating FY2016 9M 2016 9M 2017 vs 9M 2016 revenue, and is determined by dividing operating days by ownership days for Fleet Data: the relevant period. 2. Time Charter Equivalent (TCE) rate is defined as

  19. Slide 19: Capitalization

    Capitalization September 30, 2017 November 8, 2017 Actual As Adjusted1 Debt: Long-term debt2 $217,031 $215,479 Convertible promissory notes3 $5,988 $5,988 Total Debt $223,019 $221,467 Shareholders' equity: Total equity4 $41,361 $41,361 Capitalization: Total capitalization: $264,380 $262,828 1. To gi

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  22. Slide 22: Appendix A: EBITDA and Adj. EBITDA Reconciliation

    Appendix A: EBITDA and Adj. EBITDA Reconciliation 1. Earnings before interest, taxes, depreciation and amortization ("EBITDA") in ‘000 USD except fleet data FY2016 9M 2017 9M 2016 represents the sum of net income/(loss), interest and finance costs, interest income, depreciation and amortization and,

  23. Slide 23: Limited Risk for Asset Value Depreciation

    Limited Risk for Asset Value Depreciation 13.50x 12.50x 11.50x 10.50x 9.50x 8.50x 7.50x 6.50x 5.50x 4.50x 3.50x 2.50x 1.50x Jun-1995 Jun-1998 Jun-2001 Jun-2004 Jun-2007 Jun-2010 Jun-2013 Jun-2016 Mar-1996 Mar-1999 Mar-2002 Mar-2005 Mar-2008 Mar-2011 Mar-2014 Mar-2017 Dec-1993 Dec-1996 Dec-1999 Dec-2

  24. Slide 24: Corporate Structure

    Corporate Structure seanergy Seanergy Maritime Holdings Corp. NASDAQ - “SHIP” Seanergy Management Corp. (athens) Individual vessels owning companies Fleet of 11 Vessels of dwt 17 million

  25. Slide 25: Organizational Chart

    Organizational Chart { \ anergy == Commercial Management _ —_____—-, Fidelity Marine Inc. Z Nominating commie. | BOARD OF DIRECTORS —— = Technical Management —EEEEE Office Administration f =©Stamatis Tsantanis Internal Audit Athina Pteroudi Andreas Skoulikidis Office Manager Internal Audit Manager T

  26. Slide 26: Seasoned Executives in Strategic Positions

    Seasoned Executives in Strategic Positions  Master Mariner with 23 years of seafaring and onshore experience Aristeidis Lagos Operations Manager  Extensive experience in management, safety, marine, operations and quality assurance  Proven track record in senior management positions  15+ years in

  27. Slide 27: Third-party Ship Management

    Third-party Ship Management Role: Daily technical management of vessels (Cyprus)  Established in 1991, VShips Group provides full technical management services to a fleet of over Description: 1,100 vessels Technical Manager  Holds Marine, Safety & Quality certificates awarded by United States Coas

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