Euroholdings Ltd. · NASDAQ:EHLD
Euroholdings — Q2 2025 Earnings Presentation
18 slides from Euroholdings's earnings presentation, Aug 12, 2025
Slide 1: Earnings Presentation Quarter Ended June 30, 2025
Earnings Presentation Quarter Ended June 30, 2025 August 12, 20251
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may re
Slide 3: Company Overview
Company Overview ▪ Euroholdings Ltd was spun off Euroseas Ltd on March 17, 2025 ‒ A fleet of two debt-free vessels, M/V Aegean Express and M/V Joanna, and about $14m of cash from the sale of of M/V Diamantis P ‒ Euroseas distributed the shares of Euroholdings to its shareholders on a pro-rata basis
Slide 4: New Shipping Segment Focus: Tankers
New Shipping Segment Focus: Tankers ▪ Euroholdings Ltd. to focus on tankers… ‒ …and, initially, pursue a modern medium range (“MR”) product tanker investment ▪ Use funds on Balance Sheet to acquire vessel(s) ‒ Funds of about $15 million are available to serve as equity for the first investment in th
Slide 5: 2025 Q2 Financial Highlights
2025 Q2 Financial Highlights Financial Results in million USD except per share figures Q2 2025 Net Revenues 2.92 (2) Net Income 0.82 0.30/ share (1) Adj. EBITDA 0.81 Dividend Declaration Recent Developments ▪ Declared second quarterly dividend of $0.14 per share for the ▪ As previously announced, on
Slide 6: Product Tankers Market Overview
Product Tankers Market Overview 6
Slide 7: Last 10 Year MR Tanker TC Rates
Last 10 Year MR Tanker TC Rates 1 Year TC Rate(1) ($/day) 3 Year TC Rate(1) ($/day) 35,000 30,500 28,500 30,000 26,500 24,500 25,000 23,488 22,500 22,500 20,750 20,500 20,721 20,625 20,000 18,500 18,375 16,500 15,000 14,500 10,000 12,500 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2015 20
Slide 8: Last 10 Year MR Tanker Newbuilding & Secondhand Values
Last 10 Year MR Tanker Newbuilding & Secondhand Values Newbuilding Price Evolution ($m) 5 Yr Old SH Price Evolution ($m) 10 Yr Old SH Price Evolution ($m) 55.0 55.0 45.0 50.0 40.0 50.0 48.8 45.0 35.0 44.8 42.0 32.0 45.0 40.0 30.0 40.0 30.0 44.2 28.0 37.3 35.0 25.0 40.0 30.0 20.0 35.0 25.0 15.0 30.0
Slide 9: MR Tanker Fleet Age Profile & Orderbook
MR Tanker Fleet Age Profile & Orderbook Age Profile (mDWT) MR Tanker Deliveries & Demolitions (mDWT) 13% 21% 20% 30% 15% 6.0 30.0 5.0 25.0 4.0 9.6 20.0 3.0 5.0 4.5 3.2 2.0 4.4 15.0 4.6 3.3 3.4 0.5 2.8 2.3 2.5 2.3 1.0 1.4 1.0 10.0 3.4 16.8 0.0 (0.4) 15.1 (0.1) (0.5) (0.7) (0.7) (0.6) (0.2) (0.0) (0.2
Slide 10: Trade Demand Outlook
Trade Demand Outlook Oil Products Seaborne Trade 24.0 3,900 23.0 3,700 22.0 3,500 mb/d 3,300 btm 21.0 3,100 20.0 2,900 19.0 2,700 18.0 2,500 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 mb/d Billion Tonne-miles Global Demand Development (mb/d) Global Refinery
Slide 11: Current Containership Fleet Financial Results & Prospects
Current Containership Fleet Financial Results & Prospects 11
Slide 12: Current Fleet Profile & Employment
Current Fleet Profile & Employment Current on the water fleet is comprised of 2 vessels with an average age of 26.9(1) years and a carrying capacity of 3,171 TEU. Charter coverage is approximately 82% for the remaining 6 months of 2025 and about 40% for 2026 Fleet Profile Name Type Size (DWT) Size (
Slide 13: Financial Highlights: Q2 & First Half 2025
Financial Highlights: Q2 & First Half 2025 Q2 H1 (in million USD except per share amounts) 2025 2025 Net Revenues 2.92 5.79 Net Income 0.82 11.90 Earnings per Share, Diluted 0.30 4.28 (1) Interest & Finance Costs, Net (0.04) (0.04) Depreciation 0.02 0.03 (Gain) / Loss on Sale of Vessels - (10.23) Ad
Slide 14: Cash Flow Break Even
Cash Flow Break Even Cash Flow Break Even Estimate for the Next 12 months ($/day) 9,873 1,164 8,532 177 8,709 1,781 6,751 OPEX G&A Expenses Operating B/E Drydocking expenses EBITDA B/E Aegean Express afloat Total maintenance (*) (*) MV Aegean Express – If we decide to charter the vessel for a long p
Slide 15: Feeders Are Likely In Short Supply!
Feeders Are Likely In Short Supply! Charter extension possibilities for our two elder containerships depend on near term availability of feeders ▪ Orderbook primarily concentrated on large containerships ‒ Capacity growth will be significant in vessel sizes employed in the main lane routes ‒ Regiona
Slide 16: Last 10 Year 6-12 Month TC Rates ($/day)
Last 10 Year 6-12 Month TC Rates ($/day) 1,700 TEU Geared 70,000 60,000 50,000 40,000 $/ day August 8, 2025 $28,750/day 30,000 20,000 $16,599 $9,840 10,000 0 Jan 16 Jan 19 Jan 21 Jan 24 Jan 15 Jan 17 Jan 18 Jan 20 Jan 22 Jan 23 Jan 25 1,700 TEU grd 6-12 Month Median Average Source: Clarksons Researc
Slide 17: Balance Sheet Highlights
Balance Sheet Highlights Capital Structure June 2025 ($m) Notes Assets ▪ Cash & Other assets: $16.8m 20 ▪ Vessels book value: $3.6m ▪ Total assets (at book value): $20.4m Liabilities ▪ Trade Accounts Payable: ~$0.5m, i.e.~2.3% of total book value of 15 assets ▪ Other liabilities: ~$1.9m, i.e.~9.3% o
Slide 18: EuroHoldings Contacts
EuroHoldings Contacts EuroHoldings Ltd. c/o Eurobulk Ltd 4, Messogiou & Evropis Street 151 24 Maroussi, Greece www.euroholdings.gr [email protected] Tel. +30-211-1804005 Fax.+30-211-1804097 Tasos Aslidis Nicolas Bornozis / Markella Kara Chief Strategy Officer Investor Relations EuroHoldings Ltd.