Fourth Quarter and Full Year 2014 Results February 26, 2014
Agenda Highlights Harry Vafias CEO/ President Financials Market Update Share Performance Outlook 3
Highlights StealthGas Key Highlights for 2014 Fleet & Delivery of 5 LPG newbuildings, divestment of 2 exisiting middle aged vessels reaching a sailing fleet of 45 vessels Operations Running costs kept at low levels 85% of vessels on…
Highlights StealthGas The Largest LPG Owner StealthGas Selected Peer Group StealthGas Positioning against Peers Company Sailing Fleet New Building Total Highest number of sailing fleet, one of the biggest number of new orders and a…
Highlights 31/12/2016 Fleet Employment Analytics 2015 2016 2017 EARNINGS VISIBILITY Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Vessel Gas Exelero Jan Feb Mar Apr May Jun Jul…
Highlights Fleet Trading Profile 25% 55% Stealthgas focuses on regional trade and local distribution of gas Currently 55% of the fleet trades in the Middle- Far East , 25% in Europe and 20% in South America 20% 7
Highlights Fleet Development 61 2 LPG 60 57 4 Vessels 55 sold 2 4 51 4 4 Three vessels were delivered to the fleet in Q4 2014 50 4 45 6 42 42 Two middle aged vessels were sold in Q4 2014 and hired back 40 4 4 40 4 4 by the…
Highlights Capex Program Analysis STEALTHGAS New buildings Capital Expenditure Analysis Investment program of c. 432 USD mm. for the period 2015-2017 (Amounts in USD mm.) 15 new LPG orders of 146,900 cbm aggregate capacity (Note:…
Financials Financials Income Statement 2014 Incom e Sta tem ent Q4 Q4 December 31 December 31 ( A m ounts i n U SD' 000s ) 2013 2014 2013 2014 Comparing Q4 2014 to Q4 2013 Voyage revenues 32,033 34,991 121,482 131,973 % of net…
Financials Financials -Performance Highlights 2014 Key Comments Fleet Data Q4 2013 Q4 2014 12 m 2013 12 m 2014 Average number of vessels in fleet 42 46 39 44 Period number of vessels in fleet 42 45 42 45 Higher operational fleet…
Financials Financials Balance Sheet 2014 Key Remarks Balance Sheet December 31 December 31 (Amounts in '000s) 2013 2014 Assets 2014 Assets Key component is the net value of vessels (75% of total assets) that increased by 5%…
Market Update LPG Sector Highlights & Trends Demand Supply LPG demand remains centered around Asian imports From the supply side, US has become a major exporter of LPG, 59.3% yoy export increase in 2014, and it is anticipated that…
Market Update Historical Charter Rates Lower oil prices have reduced rates from their historical levels Monthly Rates Monthly Rates Forecast (Amounts in USD) Q4 2014 Average Current Q2 2015 Forecast 3,500 CBM P/R 198,269…
Market Update LPG Sector Highlights & Trends LPG Fleet Age LPG Second Hand Values 25% of LPG fleet is above 25 yrs old and therefore the Small LPG carriers have seen a narrow price variability in terms of second hand values market…
Market Update LPG Sector Highlights & Trends Orderbook Data Fleet Utilization Increase in nbs deliveries in 2015-2016- most of new orders are VLGCs Despite the 2015 forecast for broader shipping industry is not as positive as…
Share Performance StealthGas Share Performance 4/30/14: 8/6/14: 2/3/14 : Completes 47 Completes 35 14,00 Announces million FO at price of million FO at price 10.10 11/26/14: acquisition of two 10.50 per share per share (NAV/Share:…
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