Q2 2020 Financial Results Presentation September 4, 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 6.4 million and earnings per common unit of 0.10 after accounting for 3.4 million of non-cash mark to market interest rate swap loss; Adjusted Net Income(1) of 9.9 million and…
Income Statement Q2 2020 Financial Highlights Q2 2020 Income Statement (USD thousands) Increased profitability due to reduced financing costs, 100% utilization and stable vessel operating expenses at 12,630 per day. Interest…
Q2 2020 Cash Flow Highlights Q2 2020 Cash Flow Generation (USD thousands) Significant portion of the Partnerships cash flow utilized to reduce leverage. For the quarter, generated 3.5m in cash after distributions to preferred…
Liquidity and Key Balance Sheet Data US million June 30, 2020 Debt amortizing at 1.5x the rate our ships book Cash(1) 63.3 depreciation, creating equity value and building balance sheet capacity. Debt Outstanding 639 Net Debt to…
Cash Breakeven Analysis Q2 2020 Per Day Per Vessel Cash Breakeven Levels Attractive cash breakeven rates at below USD 50,000 per day excluding distributions to Preferred Unitholders for q2 2020. Reallocation of cash flow towards…
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 10.1 years(1) Average remaining…
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 ur or a…
Long Term Charters vs. Spot Market Strategy DLNG Contracted Rates vs. LNG Carrier Spot Rates (1) (2) 140,000 12.00 120,000 Strategy of employing LNG carriers 10.00 on long term contracts has resulted in historical…
Prior Quarters Operating Expenses and Utilization Rates DLNG Utilization Rates vs. Operating Expenses 16,000 100% Stable vessel operating expenses 14,000 combined with high utilization rates 80% underpin business efficacy and…
Dynagas LNG Partners LP Summary Outstanding operational performance since inception and during COVID-19 OPERATIONAL pandemic. Stable operating expenses combined with full utilization. 48 million annually DELEVERAGING LTM Net Debt…
Appendix 14
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) June 30, 2020 2019 Net Income 6,427 932…
Reconciliation of Net income to Adjusted EBITDA 1 Three Months Ended (In thousands of U.S. Dollars) June 30, 2020 2019 Net income 6,427 932 Net interest and finance costs 6,340 12,542 Depreciation 7,906 7,562 Loss on derivative…
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