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Q2 2015 Earnings Call – Teekay Lng Partners Lp

Teekay Lng Partners Lp · Aug 6, 2015 · 14 slides

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Slides

  1. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 1
    TEEKAY LNG PARTNERS Q2-2015 EARNINGS PRESENTATION August 6, 2015
  2. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 2
    Recent Highlights Generated Q2-15 distributable cash flow* of 65.8 million Coverage ratio of 1.03x Declared a Q2-15 cash distribution of 0.70 per unit Signed 13-year time-charter contracts with BP Shipping Ltd. for up to two LNG…
  3. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 3
    Securing Yard Capacity for 2019 Customer Requirements Based on anticipated customer demand, in June, TGP ordered 2 x 174,000 m3 MEGI LNG carrier newbuildings from Hyundai Samho Heavy Industries Ltd. Plus option to order 1 additional…
  4. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 4
    Growing Forward Fee-Based Revenues With Diversified Customer Base Forward Fee-Based Average Remaining Contract Revenues by Segment Length by Segment 93% LNG Carriers 13 Years 11.4B* Total Forward LPG Carriers 7 Years*…
  5. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 5
    Distributable Cash Flow and Coverage Q2-15 vs. Q1-15 Three Months Three Months Ended Ended June 30, 2015 March 31, 2015 Explanation (Thousands of U.S. Dollars except coverage ratio information) (unaudited) (unaudited) One additional…
  6. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 6
    TGP Cash Flows are Stable and Growing Large and diversified portfolio of fixed-rate charter contracts No direct commodity price exposure Top-tier modern fleet Low cost debt financing Strong long-term LNG market fundamentals Strong…
  7. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 7
    TGP CAPEX Financing On Track Majority of remaining CAPEX expected to be funded with attractively priced debt financing Committed CAPEX typically tail-weighted and spread out over multiple years Large portion of equity component has…
  8. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 8
    Continued Access to Capital Strong interest from banks / Export Credit Agencies to finance projects due to TGP cash flow stability Strong portfolio of fee-based fixed rate contracts (over 11 billion of forward revenue) Long average…
  9. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 9
    Multi-year Built-in Cash Flow Growth 2 Yamal LNG 2 Yamal LNG 1-2 BP MEGI LNG 1 BG LNG 2 Yamal LNG 2 BG LNG 1 MEGI LNG 3 Shell MEGI LNG 1 Exmar LPG 1 MEGI LNG 1 BG LNG 2 Shell MEGI LNG 3 Exmar LPG 2 Cheniere…
  10. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 10
    Appendix 11
  11. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 11
    Adjusted Operating Results Q2-15 Three Months Ended June 30, 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 Voyage…
  12. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 12
    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 Voyage…
  13. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 13
    2015 Drydock Schedule March 31, 2015 (A) June 30, 2015 (A) 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…
  14. Q2 2015 Earnings Call – Teekay Lng Partners Lp – slide 14

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