Dryships Inc. NASDAQ: DRYS August 7, 2015 2nd Quarter Ended June 30,2015 Earnings Presentation
Contents This presentation is Financial Highlights & Company Update primarily focused on our shipping segments operations. Industry Overview For additional information on our Closing Remarks drilling segment, please refer to the…
Consolidated1 Q2 2015 Results Adjusted Q2 Net Income of 36.5m or 0.06 cents per share Q2 2015 (in million, except EPS which is in cents) U.S. GAAP Net Loss2 (1,440.3) Add: Non-cash Loss as a Result of Ocean-Rig Deconsolidation…
Shipping Segment1 Financial Summary Q2 2014 Q2 2015 Drybulk Tanker Drybulk Tanker (in million) Segment Segment Segment Segment Total Revenues(2) 49.6 36.6 42.2 54.8 Adjusted EBITDA(3) 11.7 5.4 7.5 31.1 Net Income (42.5) (4.5)…
Recent Developments On July 30, 2015, the Company reached an agreement with Ocean Rig to exchange the remaining outstanding balance of 80 million owed to Ocean Rig under the 120 million promissory note for 17,777,778 shares of Ocean…
Investment in Ocean Rig Pro forma1 DRYS Holdings in ORIG ORIG Share Ownership Shares % DRYS 56,079,533 40.4% Other 82,586,851 59.6% Pledged under ABN Facility Total 138,666,384 100.0% 53,129,069 95% Unencumbered 2,950,464…
Contents Financial Highlights & Company Update Industry Overview Closing Remarks Q&A 8
Drybulk Demand (/day) 8.00% China I.O Stockpiles China I.O Imports China PMI (RH) 30,000 China GDP Growth (m tons) 52 25,000 100 51.5 20,000 51 7.50% 15,000 50 50.5 50 10,000 0 49.5 5,000 Jun-14 Dec-14 Jun-15 7.00% 0 300 (m…
Contents Financial Highlights & Company Update Industry Overview Closing Remarks Q&A 11
Navigating DRYS Through the Downturn Drybulk segment with zero capital expenditures (no newbuildings on order) and balanced spot exposure. Cashflow going forward predominantly dependent on state of drybulk markets, which continue…
Contents Financial Highlights & Company Update Industry Overview Closing Remarks Q&A 13
Appendix
Fleet Profile (Shipping Segment) Year Gross rate Redelivery Year Built/or Gross rate Redeliv ery Built DWT Type Per day Earliest Latest Scheduled Drybulk fleet DWT Type Per day Earliest Latest Deliv ery Capesize: Tanker fleet…
Unaudited Condensed Consolidated Statements of Operations (Expressed in Thousands of U.S. Dollars except for share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 REVENUES: Voyage…
Unaudited Condensed Consolidated Balance Sheets (Expressed in Thousands of U.S. Dollars) December 31, 2014 June 30, 2015 ASSETS Cash, cash equivalents and restricted cash (current and non-current) 658,936 40,729 Vessels held for…
Summary Operating Data (Dollars in thousands, except average daily results) (1) Average number of vessels is the number of vessels that Drybulk Three Months Ended June 30, Six Months Ended June 30, constituted our fleet for the…
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