Todays Presenters Tony Lauritzen Chief Executive Officer and Director Michael Gregos Chief Financial Officer 2
Highlights Cash distribution payment On April 21, 2015 the Partnership announced a quarterly cash distribution for the first quarter of 2015 of 0.4225 per unit which was paid on May 12, 2015, to all unit holders of record as of May 5,…
Q1 2015 Financial Results Dynagas LNG Partners reports results for the quarter ended March 31, 2015: Net income attributable to unitholders of 14.9 million. Adjusted Net Income of 15.2 million(1). Adjusted EBITDA of 28.1…
Selected Financial and Operational Data Selected Corporate and Financial Data (USD 3 Months Ended thousands) 31-03-15 31-03-14 Average Number of vessels 5.0 3.0 Available Days 450 270 Voyage revenues 35,620 21,009 Operating Income…
Distributable Cash Flow Quarter Ended March 31, Quarter Ended March 31, Distributable Cash Flow (USD thousands) 2015 2014 Net Income 14,878 11,029 Depreciation 5,968 3,348 Amortization of deferred finance fees 385 118 Net Interest…
Capital Structure Liquidity and Capital Resources Capital Structure USD millions (1) Total cash of 42.2 million as of March 31, 2015. Further 30 million available credit support from our Sponsor. Total Debt as of March 31, 2015:…
Cash Distributions Cumulative Number of Increase in Effective Quarter Quarterly Cash Increase in operational Cash Distribution Payment Date Distribution Ended Distribution per Unit Distributions vessels for a per Unit per Unit full…
Partnership Profile Vessels 5 LNG carriers Total Capacity 759,100 cbm (149,700 cbm each for initial fleet, 155,000 for the Arctic Aurora and Yenisei River) Fleet Average Age 5.4 years(1) Remaining Average Charter Duration 4.8…
Clear Drop-Down Opportunity from Optional Vessels cbm (cubic meters) 1,562,100 DLNG has the right to purchase any of the 162,000 Optional Vessels within 24 months of delivery 162,000 Contract: TBD 162,000 Contract: TBD 162,000…
Fixed Charters Provide Steady, Predictable Cash Flows Carrier Year Capacity Name Built (cbm) Charterer 2014 2015 2016 2017 2018 2019 2020 Clean 2007 149,700 Energy Ob River 2007 149,700 Clean New Gazprom Charter Force 2008…
Industry Overview 13
Existing LNG Carrier fleet and orderbook Global LNG Carrier Fleet & orderbook LNG Carrier orderbook LNG Carriers: existing and on order (number of vessels) LNG Carriers: on order (number of vessels) LNG Carriers on order:…
Insufficient fleet to meet expected growth in LNG production Expected Worldwide Liquefaction Capacity Growth Estimated implied LNG Carrier Demand vs. Projected Fleet Million tonne of LNG per annum (mtpa) (Number of LNG carriers)…
Why Invest in DLNG Modern (average age: 5.4 years2) and flexible fleet of 5 LNG carriers. Pure-play LNG shipping Owns 4 out of a total 9 LNG carriers in global fleet with ice class 1A FS or equivalent notations. Partnership owning…
Q&A 17
Appendix 18
Reconciliation of Net Income to Adjusted Net Income and Adjusted Earnings per common unit Reconciliation of Net Income to Adjusted Net Income available to common unitholders and Adjusted Earnings per common unit (USD thousands)…
Reconciliation of Net Income to Adjusted EBITDA Quarter Ended Adjusted EBITDA Statistics & Reconciliation (USD thousands) March 31, 2015 2014 Reconciliation to Net Income Net Income 14,878 11,029 Net interest and finance costs…
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