TEEKAY LNG PARTNERS Q1-2015 EARNINGS PRESENTATION May 15, 2015
Recent Highlights Generated Q1-15 distributable cash flow* of 66.2 million Coverage ratio of 1.04x, which was negatively impacted by disputed Magellan Spirit off-hire Declared a Q1-15 cash distribution of 0.70 per unit Exmar LPG…
Project Execution First MEGI Creole Spirit Keel laying ceremony held on March 3 Scheduled to deliver in Q1-2016, at which point it will commence a 5- year charter with Cheniere Energy 9 MEGI LNG carriers on order at DSME…
Long-term Export Growth Remains On-track Near-term weakness due to vessel oversupply in the short-term market LNG Arbitrage and Charter Rates World LNG fleet increasingly involved in UK-Japan Spread 1-yr Time Charter 180,000 12…
Distributable Cash Flow and Coverage Q1-15 vs. Q4-14 Three Months Ended Three Months Ended March 31, 2015 December 31, 2014 (Thousands of U.S. Dollars except coverage ratio information) (unaudited) (unaudited) Net voyage revenues (1)…
Teekay LNGs Growth Pipeline Continue to bid on several LNG and FSRU projects Growth Projects by Segment Growth Project Deliveries 2015 2016 2017 2018 2019 2020 94% MEGI LNG Newbuilds (100%) MEGI LNG Newbuilds (100%) 3.4B…
Appendix 8
Teekay LNG Capital Commitments Teekay LNGs remaining capital commitments relating to its portion of newbuildings as at March 31, 2015: (in Millions) 2015 2016 2017 2018 2019 2020 Total LNG(1) 96 405 673 913 234 191 2,512 LPG(2) 22…
Adjusted Operating Results Q1-15 Three Months Ended March 31, 2015 (in thousands of U.S. Dollars) Reclass for Realized Appendix A Gains/Losses on TGP Adjusted Income As Reported Items (1) Derivatives (2) Statement NET VOYAGE…
Adjusted Operating Results Three Months Ended Q4-14 December 31, 2014 (in thousands of U.S. Dollars) Reclass for Realized Appendix A Gains/Losses on TGP Adjusted Income As Reported Items (1) Derivatives (2) Statement NET VOYAGE…
2015 Drydock Schedule March 31, 2015 (A) June 30, 2015 (E) September 30, 2015 (E) December 31, 2015 (E) Total 2015 Total Total Total Total Total Vessels Vessels Vessels Vessels Vessels Offhire Offhire Offhire Offhire Offhire…