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Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp

Dynagas Lng Partners Lp · May 18, 2016 · 15 slides

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Slides

  1. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 1
    Dynagas LNG Partners (DLNG) 1st Quarter 2016 Earnings Presentation May 18, 2016
  2. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 2
    Recent Developments New Lena River, Yenisei The Partnership entered into long term time charter contracts with Yamal Trade Pte. for the River and Ob River time employment of the Lena River and the Yenisei River, each with an initial term…
  3. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 3
    First Quarter 2016 Financial Highlights Dynagas LNG Partners reports results for the three months ended March 31, 2016 : Adjusted Net Income(1) attributable to unitholders of 18.9 million. Adjusted EBITDA of 35.2 million(1).…
  4. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 4
    Selected Financial and Operational Data 3 Months Ended Selected Operational and Financial Data (USD in thousands) 31-03-16 31-03-15 Average Number of vessels 6.0 5.0 Available Days 546 450 Voyage revenues 42,741 35,620…
  5. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 5
    Strong Distributable Cash Flow and Coverage Ratio Distributable Cash Flow (USD in thousands) Quarter Ended 31-Mar-16 31-Mar-15 Net Income 17,135 14,878 Depreciation 7,552 5,968 Amortization of deferred finance fees 489 385 Net…
  6. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 6
    Capital Structure and Liquidity Capital Structure (USD in Millions) (1) Liquidity and Capital Resources (USD in Millions) Cash and Cash Equivalents 79 Unsecured Bond Debt, Sponsor Revolving Credit Facility 30 250 Equity Market…
  7. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 7
    Debt Maturity Profile Maturity Profile (USD in millions) 300 250 200 150 100 50 - 2016 2017 2018 2019 2020 2021 First debt maturity: Non amortizing 6.25% senior unsecured notes due October 2019 2020 and 2021 debt…
  8. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 8
    Cash Distributions Quarterly Cash Distribution per Unit 0.45 0.43 0.40 0.38 Quarterly Distribution 0.35 per Unit 0.33 0.30 0.28 0.25 0.23 0.20 Feb-14 May-14 Aug-14 Nov-14 Feb-15 May-15 Aug-15 Nov-15 Feb-16…
  9. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 9
    Partnership Fleet Profile Vessels 6 LNG carriers Total Capacity 914,100 cbm (149,700 cbm each for initial fleet, 155,000 for the Arctic Aurora, Yenisei River and Lena River) Fleet Average Age 5.8 years(1) Remaining Average…
  10. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 10
    Long Term Charters Provide Steady, Predictable Cash Flows LNG Carrier Year Capacity Name Built (cbm) Charterer 2016 2017 2018 2019 2020 2021 Clean 2007 149,700 Energy (2) Ob River 2007 149,700 2028 Amur 2028 2008 149,700…
  11. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 11
    Drop-Down Opportunities Potential fleet growth with drop down pipeline of 9 high specification LNG Carriers all on long term contracts with high quality customers (3) 172,410 172,410 172,410 172,410 172,410 162,000 162,000…
  12. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 12
    Existing LNG Carrier fleet and orderbook Global LNG Carrier Fleet & orderbook Orderbook: Fleet employment Average world cargo size is about 143,000 cubic meters making these vessels small. Existing global fleet includes a…
  13. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 13
    Existing LNG Carrier fleet and orderbook Global LNG Carrier orderbook LNG Carrier orderbook activity No ordering since Q3 - 15 Largest share of orderbook is to be delivered at time with large increase in LNG production.…
  14. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 14
    World Energy Outlook Through 2035 Anticipated 10% increase in world energy production World Energy Production 1990-2035. within 2020 and 30% within 2035. Largest energy sources are from Oil, Coal and Gas. Gas has been growing faster…
  15. Q1 2016 Earnings Presentation – Dynagas Lng Partners Lp – slide 15
    LNG Supply Demand Growth through 2020 Anticipated 137 Mtpa of new supplies by 2020, a 55% New LNG Export Production increase from 2015 Million Tons of LNG LNG trade has remained relatively flat, 240 mt, since 160 2011 due to…

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