Todays Presenters Tony Lauritzen Chief Executive Officer and Director Michael Gregos Chief Financial Officer 2
Recent Developments Listing on NYSE The common units commenced trading on the NYSE on December 30, 2014. Cash distributions On January 15, 2015 the Partnership announced a quarterly cash distribution for the increase fourth quarter of…
Q4 and Year Ended 2014 Financial Results Dynagas LNG Partners reports results for the fourth quarter and year ended December 31, 2014: For the fourth quarter of 2014: Net income attributable to unitholders of 15.3 million. Adjusted…
Growth so far (1) Contract Backlog (USD millions) Adjusted EBITDA (USD millions) Quarterly Cash Distribution per Unit 671 85 0.4225 65 0.39 297 56 0.365 Backlog November Backlog February FY 2012 FY 2013 FY 2014 IPO…
Selected Financial Data Selected Corporate and Financial Data 12 Months 3 Months (USD thousands) 31-12-14 31-12-13 31-12-14 31-12-13 Average Number of vessels 5.0 3.0 3.8 3.0 Available Days 1,384 1,095 460 276 Voyage revenues…
Distributable Cash Flow Year Ended December 31, Quarter Ended December Distributable Cash Flow (USD thousands) 2014 31, 2014 Net Income 50,561 15,320 Depreciation 17,822 6,101 Amortization and write-off of deferred finance fees 785…
Capital Structure Balance Sheet Capital Structure USD millions (1) Total cash of 35.9 million as of December 31, 2014. Further 30 million available credit support from our Sponsor. Total Debt as of December 31, 2014: 575 million…
Cash Distributions Cumulative Number of Increase in Quarterly Cash Increase in operational Effective Quarter Ended Cash Distribution Payment Date Distribution Distribution per Unit Distributions vessels for a per Unit per Unit full…
Partnership Profile Vessels 5 LNG carriers Total Capacity 759,100 cbm (149,700 cbm each for initial fleet, 155,000 for the Arctic Aurora and Yenisei River) Fleet Average Age 5.2 years(1) Remaining Average Charter Duration 5…
Clear Drop-Down Opportunity from Optional Vessels cbm (cubic meters) 1,562,100 DLNG has the right to purchase any of the 162,000 Optional Vessels within 24 months of delivery 162,000 Contract: TBD 162,000 Contract: TBD 162,000…
Fixed Charters Provide Steady, Predictable Cash Flows Carrier Year Capacity Name Built (cbm) Charterer 2014 2015 2016 2017 2018 2019 2020 Clean 2007 149,700 Energy Ob River 2007 149,700 Clean New Gazprom Charter Force 2008…
Industry Overview 14
Insufficient fleet to meet expected growth in LNG production Expected Worldwide Liquefaction Capacity Growth Estimated implied LNG Carrier Demand vs. Projected Fleet Million tonne of LNG per annum (mtpa) (Number of LNG carriers)…
Why Invest in DLNG Modern (average age: 5.2 years2) and flexible fleet of 5 LNG carriers. Pure-play LNG shipping Owns 4 out of a total 7 LNG carriers in global fleet with ice class 1A FS or equivalent notations. Partnership owning…
Q&A 17
Appendix 18
Reconciliation of Net Income to Adjusted Net Income and Adjusted Earnings per common unit Reconciliation of Net Income to Adjusted Net Income available to common unitholders and Adjusted Earnings per common unit (USD thousands) Year…
Reconciliation of Net Income to Adjusted EBITDA Year Ended Quarter Ended Adjusted EBITDA Statistics & Reconciliation (USD thousands) 2014 2013 2014 2013 Reconciliation to Net Income Net Income 50,561 45,620 15,320 11,014 Net…
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