Dynagas LNG Partners (DLNG) 2nd Quarter and Six Months ended June 30, 2015 Earnings Presentation August 26, 2015
Todays Presenters Tony Lauritzen Chief Executive Officer and Director Michael Gregos Chief Financial Officer 2
Recent Developments Quarterly cash distribution On July 24, 2015, the Partnership announced a cash distribution for the second quarter of 2015 of 0.4225 per unit which was paid on August 13, 2015, to all unit holders of record as…
Q2 and Six Months ended June 30, 2015 Financial Results Dynagas LNG Partners reports results for the quarter and six months ended June 30, 2015: For the second quarter of 2015: Net income attributable to unitholders of 14.3 million.…
Selected Financial and Operational Data Selected Operational and Financial Data (USD in 3 Months 6 Months thousands) 30-06-15 30-06-14 30-06-15 30-06-14 Average Number of vessels 5.0 3.1 5.0 3.0 Available Days 455 280.5 905…
Capital Structure Liquidity and Capital Resources Capital Structure USD millions (1) Total cash of 36.5 million as of June 30, 2015. Further 30 million available credit support from our Sponsor. Series A Total Debt as of June 30,…
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 Fleet 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 5.7 years(1) Remaining Average Charter Duration…
Fixed Charters Provide Steady, Predictable Cash Flows LNG Carrier Year Capacity Name Built (cbm) Charterer 2015 2016 2017 2018 2019 2020 Clean 2007 149,700 Energy Ob River 2007 149,700 Amur 2008 149,700 2028 River Arctic…
Clear Drop-Down Opportunity from Optional Vessels cbm (cubic meters) 1,562,100 DLNG has the right to purchase from its Sponsor 162,000 any of the Optional Vessels within 24 months of delivery 162,000 Contract: TBD 162,000…
Growth Potential Current Fleet Optional Vessels 2015-2017 Expected Growth of Sponsor Asset Base 2017-2019 15 vessels 10 vessels 5 vessels 3 vessels Clean Horizon Arctic Aurora Yenisei River Clean Planet…
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:…
Increase in LNG Production New LNG Export Production Anticipated 164 Mtpa of new supplies by 2020, a 67% increase from 2014 No additional production upside allocated to new or existing projects (i.e. no debottling in Qatar) Includes…
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: 5.7 years (1)) 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…
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 Three Months Ended June 30, Six Months Ended June 30, unitholders and…
Reconciliation of Net Income to Adjusted EBITDA Adjusted EBITDA Statistics & Reconciliation (USD in Three Months Ended June Six Months Ended June thousands) 2015 2014 2015 2014 Reconciliation to Net Income Net Income 14,303 10,218…
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