Global Ship Lease Inc New · NYSE:GSL
Global Ship Lease Inc New — Global Ship Lease — Q4 2010 Earnings Presentation
11 slides from Global Ship Lease Inc New's earnings presentation, 2011
Slide 1: Fourth Quarter 2010 Presentation
Fourth Quarter 2010 Presentation 0
Slide 2: Safe Harbor Statement
Safe Harbor Statement This communication contains forward-looking statements. Forward-looking statements provide Global Ship Lease’s current expectations or forecasts of future events. Forward-looking statements include statements about Global Ship Lease’s expectations, beliefs, plans, objectives, i
Slide 3: Disclaimer
Disclaimer The financial information and data contained in this communication is unaudited and does not conform to the U.S. Securities and Exchange Commission Regulation S-X. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, Global
Slide 4: Global Ship Lease: Q4 2010 Highlights
Global Ship Lease: Q4 2010 Highlights Revenue of $40.0 million for fourth quarter 2010 and $158.8 million for full year 2010 EBITDA for fourth quarter 2010 $26.4 million and $108.9 million for full year 2010 Normalized net earnings was $6.6 million for fourth quarter 2010 and $28.4 million for full
Slide 5: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes
Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes (2) (1) (1) 4
Slide 6: Market Dynamics Shaped by Fundamentals
Market Dynamics Shaped by Fundamentals Year-Over-Year Growth (%) Time Charter Index 20% 300 16.6% 15% 13.8% 250 13.4% 13.1% 12.0% 12.3% 11.4% 11.6% 11.2% 11.4% 10.5% 10.5% 10.6% 10.8% 9.8% 9.7% 9.7% 10% 8.8% 9.1% 200 8.0% 7.4% 6.6% 4.9% 5.2% 5.3% 5.0% 5.0% 4.8% 4.6% 4.4% 4.5% 5% 3.6% 4.2% 150 2.5% 2
Slide 7: Containership Supply has Tightened
Containership Supply has Tightened Idle capacity down significantly, despite seasonal slowdown during 4Q 2010 Orderbook at 28% of standing capacity, down from 60% at peak and below five year average of 47% Slow steaming has absorbed capacity and is expected to continue Virtually All Fleet Active Ord
Slide 8: Q4 2010 Financials
EER co 4 GLOBAL SHIP LEASE Q4 2010 Financials
Slide 9: Financial Results
Financial Results Three months ended Year ended December 31 December 31 (Unaudited) (Unaudited) ($ in thousands) 2010 2009 2010 2009 Operating revenues $40,035 $39,884 $158,837 $148,708 Operating expenses Vessel operating expenses 11,383 9,851 42,067 41,368 Depreciation 10,096 10,066 40,051 37,307 G
Slide 10: Balance Sheet
Balance Sheet December 31, 2010 December 31, 2009 ($ in thousands) (Unaudited) (Unaudited) Assets Cash and cash equivalents 28,360 30,810 Restricted cash 3,027 3,026 Accounts receivable 7,341 7,838 Prepaid expenses 712 685 Other receivables 264 613 Deferred tax 265 285 Deferred financing costs 1,009
Slide 11: Global Ship Lease
Le GLOBAL SHIP LEASE