Dynagas LNG Partners (DLNG) Third Quarter Results November 11, 2014
Todays Presenters Tony Lauritzen Chief Executive Officer and Director Michael Gregos Chief Financial Officer 2
Recent Developments Yenisei River Acquisition On September 25, 2014 the Partnership completed the acquisition of the 2013 built ice class LNG carrier Yenisei River contracted to Gazprom until q3 2018 for a purchase price of US257.5…
Milestones since IPO 1. Commenced drop down growth strategy. Completed acquisition of two state of the art ice class 155,000 cubic meter LNG carriers with multi year time charters to Statoil and Gazprom. Increased fleet cargo…
Q3 and Nine Months 2014 Financial Results Dynagas LNG Partners reports results for the third quarter of 2014 and nine months ended September 30, 2014: For the third quarter of 2014: Net income attributable to unitholders of 14.0…
Selected Financial Data Selected Corporate and Financial Data (USD thousands) 9 Months 3 Months 30-09-14 30-09-13 30-09-14 30-09-13 Average Number of vessels 3.4 3 4.1 3 Available Days 924 819 373.5 276 Voyage revenues 70,713…
Distributable Cash Flow Nine Months Ended Quarter Ended September Distributable Cash Flow (USD thousands) September 30, 2014 30, 2014 Net Income 35,241 13,994 Depreciation 11,721 4,869 Amortization of deferred finance fees 394 158…
Dropdown Economics Vessel Arctic Aurora Yenisei River Type 2013 built ice class 1a/1a 155,000 cbm LNG carrier 2013 built ice class 1a/1a 155,000 cbm LNG carrier Delivered to Partnership 23 June, 2014 25 September, 2014…
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 4.9 years(1) Remaining Average Charter Duration 5.3…
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…
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…
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…
Industry Overview 13
LNG Shipping Balance Outlook Through 2020 Anticipated 160 million tons of new LNG by 2020, a New LNG Export Production (cumulative) 68% increase from 2013. Million Tons of incremental LNG per year (cumulative) LNG Production forecast…
Appendix 15
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 Nine Months Ended September 30, Quarter Ended September 30, unitholders…
Reconciliation of Net Income to Adjusted EBITDA Nine Months Ended Quarter Ended Adjusted EBITDA Statistics & Reconciliation (USD thousands) 2014 2013 2014 2013 Reconciliation to Net Income Net Income 35,241 34,606 13,994 11,878…
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