First Quarter 2015 Results May 26th, 2015 StealthGas Inc.
Highlights StealthGas Key Highlights Fleet & Successful delivery of three new Eco LPG carriers (one in January and two in April). Operations Divestment of our two oldest vessels for demolition (both in April) Low running costs and…
Highlights StealthGas The Largest LPG Owner by Number of Ships Worldwide StealthGas Selected Peer Group StealthGas Positioning against Peers Company Sailing Fleet New Building Total Highest number of sailing vessels, the biggest in…
Highlights Fleet Employment Analytics (as of April 30th 2015) 2015 2016 2017 EARNINGS VISIBILITY Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Vessel Charter May Jun Jul Aug Sep Oct Nov Dec Jan Feb…
Rest UK Highlights EU 24% 31% 27% Fleet Trading Profile Norway Belgium 19% France 12% 12% Stealthgas focuses on regional trade and local distribution of gas. Approximately 70% of the LPG we carry is for household usage…
Highlights Fleet Development 59 55 4 As of April 30th, 2015 StealthGas owned 46 vessels 55 52 53 2 4 GASS S&P activity 2015 48 1 4 4 4 45 46 4 LPG Vessel Capacity (cbm) Built Status Date 45 1 4 Gas Kaizen 4,109 1991 sold for…
Highlights Capex Program Analysis STEALTHGAS New buildings Capital Expenditure Analysis Remaining investment program of c. 323 USD mm. for the period (Amounts in USD mm.) Q2 2015- Q42017. 13 LPG orders of 138,400 cbm aggregate…
Financials Financials Income Statement Q1 2015 Incom e Sta tem ent Q1 Q1 Comparing Q1 2015 to Q1 2014 ( A m ounts i n U SD' 000s ) 2014 2015 Voyage revenues 33,884 35,676 Net Revenues increased by 650 thousands to 31.5 mm Voyage…
Financials Financials -Performance Highlights Q1 2015 Fleet Data Q1 2014 Q1 2015 Key Comments Average number of vessels in fleet 42.04 45.9 Soft market conditions are evident as: Period number of vessels in fleet 43 46 - Operational…
Financials Financials Balance Sheet Q1 2015 Balance Sheet 12M Q1 Key Remarks (Amounts in '000s) 2014 2015 Assets Q1 2015 (total assets stand at shade below 1 bn.) Assets Moderate change in our vessels net value as only one vessel was…
Financials Financials Break Even and G&A Analysis Breakeven Analysis 12,000 9,792 9,699 10,000 9,310 9,083 9,283 8,929 8,732 8,827 8,708 LPG charter rates volatility history: 7,000 at the bottom of the cycle vs. 8,000 13,000 at…
Market Update LPG Sector Highlights & Trends World LPG Supply World LPG Demand North / Latin America Asia / Pacific 350 North / Latin America Middle East Middle East Europe / CIS / Africa 350 300 Asia / Pacific Europe / CIS /…
Market Update Historical Charter Rates Small LPG Daily Charter Rates Evolution (last 5 months) LPG Vessel Nov. 14 Dec.14 Jan. 15 Feb. 15 Mar. 15 % Period Change 7,500 PR 11,513 11,431 11,184 11,184 11,184 (2.9%) Rates for small…
Market Update LPG Sector Highlights & Trends LPG Fleet Age LPG Fleet Overview 24% of the small scale LPG fleet is above 20 yrs old and Moderate order book in the pressurized segment but high number of nb deliveries in 2014,…
Share Performance GASS Share Performance vs Peers (up to May 2015) 20% Gas Carrier Peer Group S&P 500 GASS Oil Prices 15% % change against price at 31/12/14 10% 6.0% 5% 1.2% 0% (1.5%) -5% -10% -15% -20% -25%…
Outlook Time Charter Equivalent Sensitivity Analysis (Amounts in '000s) TCE /EBITDA Q1 2016E Q2 2016E Q3 2016E Q4 2016E Total 2016E Number of Operating Vessels 56 57 57 57 57 Percentage Operational Days Open 57% 61% 63% 66% 66%…
Outlook Valuation Listed Companies Comparables P/NAV EV/ASSETS EV/EBITDA (15E) Avance Gas 0.81 0.83 5 BW LPG 0.68 0.75 3.9 Dorian LPG 0.63 0.78 8.3 EPIC GAS 0.45 0.72 27.3 Average 0.64 0.77 11.13 StealthGas 0.45 0.63 6.8 StealthGas…
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