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Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp

Dynagas Lng Partners Lp · Mar 13, 2020 · 13 slides

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Slides

  1. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 1
    Q4 2019 Financial Results Presentation March 13, 2020
  2. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 2
    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…
  3. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 3
    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…
  4. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 4
    Recent Developments Quarter Highlights Net Income of 5.5 million and earnings per common unit of 0.07; Adjusted Net Income(1) and Adjusted EBITDA(1) of 5.6 million and 24.0 million respectively. Distributable Cash Flow(1) of 10.2…
  5. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 5
    Q4 19 Financial Highlights USD in thousands (except for unit, average daily hire and other operational data) Q4 2019 Q3 2019 Q4 2018 Revenues 34,317 34,364 31,019 Adjusted Net Income (1) 5,637 2,775 1,292 Adjusted EBITDA (1)…
  6. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 6
    Liquidity and Key Balance Sheet Data US million December 31, 2019 Debt amortizing at 1.5x the rate our ships depreciate, Cash(1) 66.2 creating equity value and building balance sheet capacity. Debt Outstanding 663 Net Debt to Total…
  7. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 7
    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 9.6 years(1) Average remaining…
  8. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 8
    Long Term Contracts Provide Stable, Visible Cash Flows 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)…
  9. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 9
    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…
  10. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 10
    Dynagas LNG Partners LP Overview High Quality Fleet Stable, Contracted Cash Flow Attractive Financial Profile 6 Vessels 100% Contracted Revenue Global Refinancing and Deleveraging The Partnership operates six large LNG All six of…
  11. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 11
    Appendix 10
  12. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 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) December 31, 2019 2018 Net Income / (Loss) 5,529…
  13. Q4 2019 Financial Results Presentation – Dynagas Lng Partners Lp – slide 13
    Reconciliation of Net income to Adjusted EBITDA 1 Three Months Ended (In thousands of U.S. Dollars) December 31, 2019 2018 Net income / (loss) 5,529 (924) Net interest and finance costs, excluding amortization 10,362 12,649…

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