Q3 2020 Financial Results Presentation November 13, 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 10.0 million and earnings per common unit of 0.20; Adjusted Net Income(1) of 10.2 million and adjusted earnings per common unit of 0.21; Adjusted EBITDA(1) of 24.2 million; 100%…
Income Statement Q3 2020 Financial Highlights Q3 2020 Income Statement (USD thousands) Profitability stabilizing at increased levels compared to prior quarters due to reduced financing costs, 100% utilization and stable vessel…
Q3 2020 Cash Balance Highlights Q3 2020 Change in Cash Balance(1) (USD thousands) Significant portion of the Partnerships cash flow utilized to reduce leverage. For the quarter, generated 4m in cash after distributions to…
Financial Data 5.7x 48 million 13,074 Q3 2020 Net Debt to LTM EBITDA Annual Debt Repayments Q3 2020 per day per vessel operating expenses 58% 0 60,962 Q3 2020 Net Debt to Total Book Cap Committed Growth CAPEX Q3 2020 Time Charter…
Executing on Deleveraging Strategy Debt amortizing at 1.5x the rate of ship book depreciation, creating equity value and building balance sheet capacity. Significant deleveraging as a result of the amortization requirement on the…
Cash Breakeven Analysis Q3 2020 Per Day Per Vessel Cash Breakeven Levels Attractive per vessel cash breakeven rates at below USD 49,000 per day excluding distributions to Preferred Unitholders for q3 2020. Reallocation of cash…
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 10.3 years(1) Average remaining…
Broader Market Reach: Ice Bound and Conventional Trades Arc-4 LNG Carries Provide Flexibility to Charterers DLNG and Dynagas Holding (Sponsor) has an 82% market share of the LNG carriers with ice class 1A FS or equivalent notations…
Prior Quarters Operating Expenses and Utilization Rates DLNG Utilization Rates vs. Operating Expenses 15,000 Stable vessel operating expenses 100% combined with high utilization rates 14,000 underpin business efficacy and 13,000…
Summary Long term, high quality contracts with major energy companies Attractive Financial Profile Leader in ice class trades and experienced operator With a right-sized balance sheet, Partnerships platform better…
Appendix 15
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) September 30, 2020 2019 Net Income 10,015…
Reconciliation of Net income to Adjusted EBITDA 1 Three Months Ended (In thousands of U.S. Dollars) September 30, 2020 2019 Net income 10,015 (4,740) Net interest and finance costs 6,026 20,851 Depreciation 7,992 7,646 Loss on…
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