Q1 2020 Financial Results Presentation June 5, 2020
Forward Looking Statements and Disclaimer This presentation contains certain statements that may be deemed to be forward-looking statements within the meaning of applicable federal securities laws. All statements included in this…
Forward Looking Statements and Disclaimer In addition, unpredictable or unknown factors herein also could have material adverse effects on forward-looking statements. Please read the Partnerships filings with the Securities and Exchange…
Recent Developments Quarter Highlights Net Income of 7.0 million and earnings per common unit of 0.11; Adjusted Net Income(1) and Adjusted EBITDA(1) of 7.1 million and 23.7 million respectively. 99% fleet utilization; Cash…
Liquidity and Key Balance Sheet Data US million March 31, 2020 Debt amortizing at 1.5x the rate our ships book Cash(1) 70.0 depreciation, creating equity value and building balance sheet capacity. Debt Outstanding 651 Net Debt to…
Declining Interest Rates and Swap Significantly Reduce Interest Expense Loan Interest Rate Expense (Actual and Projected) Interest Rate Swap for full debt 14 8.00% outstanding commences June 29, 2020 at fixed LIBOR rate of 12 675m…
Cash Flow Utilized To Organically Deleverage Significant portion of the Partnerships cash flow utilized to reduce leverage Partnership expected to generate about 3m per quarter in free cash after debt service and payments to Series A…
Fleet Profile Fleet 6 LNG carriers 914,100 cbm (149,700 cbm for steam turbine LNG fleet, 155,000 cbm for the tri-fuel Total cbm capacity diesel engine LNG fleet (TFDEs)) Fleet average age 9.8 years(1) Average remaining…
Long Term Contracts Coverage L NG Carrier Year Capacity Name Built (cbm) Charterer 2020 2021 2022 Clean 2007 149,700 2026 Ener gy Ob River 2007 149,700 2028 (1) A m ur 2028 2008 149,700 River (1) (1) A r ctic 2013 155,000 A…
Market Share: Leader in Ice Class Trades Dynagas Group (DLNG and Sponsor) has an 82% market share of the LNG carriers with ice class 1A FS or equivalent notations The Companys Arc-4 LNG/ice class 1A FS vessels may trade in…
Dynagas LNG Partners LP Overview 48 million annually DELEVERAGING LTM Net Debt / EBITDA expected to reduce from 6.3x in q1 2020 to 5.2x in q3 2021 Estimated FY 2020 Earnings per Common Unit: 0.63 VALUATION Forward 2020 P/E of…
Appendix 12
Reconciliation of net income to adjusted Net Income and Adjusted Earnings / (loss) per Common Unit Three Months Ended (In thousands of U.S. Dollars, except for units and per unit data) March 31, 2020 2019 Net Income 6,967 1,892…
Reconciliation of Net income to Adjusted EBITDA 1 Three Months Ended (In thousands of U.S. Dollars) March 31, 2020 2019 Net income 6,967 1,892 Net interest and finance costs, excluding amortization 8,760 12,505 Depreciation 7,906…
Loading...
