Stealthgas, Inc. · NASDAQ:GASS
Stealthgas — Q2 2008 Earnings Presentation
17 slides from Stealthgas's earnings presentation, Aug 19, 2008
Slide 1: Always Check Mate: Second Quarter 2008 Results
ALWAYS CHECK MATE Second Quarter 2008 Results August 19, 2008 LISTEDEEYNASDAQ
Slide 2: ! " " ! " " # $$ " %& &! ! # '
! " " ! " " # $$ " %& &! ! # ' " ( &' ) ( ' ) ( " ' ) ( ' ) ( ' ) # & %" " $ & & " " % " !" " & " '!" ! * & + , " -# * ' " & ! $ * & + $ " ' ! & $ " * &+ 1
Slide 3: D" & $& & . / * 0"& % 2" " / $ %
D" & $& & . / * 0"& 1 % 2" " / $ 1 % 2" / $ 3, / " * 4 5 $ / $ $& 6 66 % 2" " 3 ,/ " * 7$ ! 4' &# 8& ! ! 9" ! . :; 6< 4< $& & # = 1 > < $& & # = 4 88< $& & # = 6 %?" $ *- 9 1 @48; & 5" $ 6 4& " &$ 61 & A 2" & " ! B " & B% # & ! ? ! 7 ! $ @C' 1C8 & 9 1 @C' ;C 96 1B 1< 66< 9 B7 ' $ ' ! $ 9 1 96 1 @C'1
Slide 4: $ 5" " 2" " % 2" & " ! " ;6 !&& 1';;!&
$ 5" " 2" " % 2" & " ! " ;6 !&& 1';;!& 4';> !& 6 ' " C !& 66 3
Slide 5: Fleet and newbuilding delivery schedule
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Slide 6: 9" A # $%%& @4; ' $ " @1 C '-D % @6 >
9" 1 A # $%%& 9 7 @4; ' $ " @1 C '-D % @6 > 9 7 @1 ! @6 $ ! * & + ' & & & -/ @ ;8 E @8 ! # ! F 6 " $ "$ $ 61 C /5 5 ! C * ! @6 ; * $ $ $ : ! . ; 6< 5
Slide 7: G 6 ' C' G '
9" 1 ' (%%%) #$$%%+ #,$%%+ #-$%%+ #.$%%& #$$%%& * 7 ,$ " @64' 11 @ 8'; @ >' 6 4 @ '6; @ 1' ;1 5 '>8 ' ;4 4' 6;1 G6 ' 6 6 '44 7 C' >14 ;' >' > G ' ;86 4' ;81 7 ' H C' 8>8 >'; '; 1' C>6 1'86 ! -D % 66' >>4 4' >> 6 ' G6;' CC1 6 ' CCC -/ ; 64 1 G 8; ;8 -/ ' 'H ! 8 88 8C 81 8 7" ! '! 6;' ; ' ' C ;' >8C '
Slide 8: H C 4 8C 6
9" 15 A H &, " " /%0 /%+ $#%+ ,#%+ -#%+ .#%& $#%& %$ "! $ C4 81 48 8C6 8C 84 81 / "! $ 1 81 88 8> 81 81 81 & 4' ;C6 66' 41> '8 8'86 8' ;C8 8' ;C6 8' ;C1 $& & 4' 8;> 66' 1 6 ' > C 8'68 8' ;; 8' ;6 8' ;8; " . 41 4< 44 < 41 < 44;< 41 >< 41 4< 448< & 1' 4 66' 6 ' C6C ' 4C 8'81 8' 81; 8' 8;8 & 6' 68 6 6>
Slide 9: A -D % @61 C
#3 1 A * $%%& # 7 @6> 4 ' $ " @CCC ' -D % @8 6 # 7 @61 C ! # @6 > ' $ ! * & + ' & & & $ -/ @ > E @ 18 ! # ' ! $ F 6 " -/ @ 18 ' # $ " 8
Slide 10: @CC' CC6 G '
#3 1 ' (%%%) * * $%%+ * $%%& 7 ,$ " @; ' > ; @CC' ;4; 5 6>' CC6 G ' ;> 7 6 ' 866 G6>' 1>4 7 ' H 6 ' G61' C ! -D % 8' 41; G8 ' 668 -/ 1C G > -/ ' ' ! H 18 18 $ 7" ! '! 6;' ; ' ' 66;' 6 C G " $ @6 > 8 9
Slide 11: &D $ 1$9 &* D $ * E @ $ &F &:8' ;C6 &:8'
&D $ 96 1$9 1 &* 7 D $ * E @ $ &F 96 1 &:8' ;C6 9 1 &:8' ;C1 #.$%%& #$$%%& * 4 5 * 4 5 5 @' 666 G @' 666 G @ '18G @ '18G 3 ' H C C 11 11 % $ 3 ' H % $' >8 >8 ' ! H $ 3 E"$&J & F ;C ;C ;C ;C > > C6 C6 / 6' C>8 6' C>8 H% . 6' C8; 6' >4; 6 7) -7- 7) -$7 7) +$$ 7) &7, 6 ) 4 ) :: :: :: :: 8 9 :: 7) ,%; 7
Slide 12: - E @ F ,& $%%& * I& & 4;8 & * , ;'C
- E @ F ,& $%%& 7 * I& & 4;8 & * , ;'C ! $ K ,$ " K / * , $ " EJ * D ! F @6 C 6 < 5 -# 8;; H% 3 66 4 * 8> 3 * -# 68 6 7.= $ 6"1 < H% 84 7 41 11
Slide 13: , " , L / &3 -)$%%+ $%)$%%& > -3 I -3 I &)$%%&
, " , L / &3 5 -)$%%+ $%)$%%& 6 6 1 66 6 > 3 -3 I 3 -3 I 1 &)$%%& $+)$%%& 6 6 66 66 > > 3 -3 I 3 -3 I 12
Slide 14: LPGC freight rates
LPGC freight rates Average earnings in the spot market excluding waiting time / 1 yr TC rates 5 800 a kal : FN 5 oo A Lp a a Wr ee ever) soo | paiva ae 200 ~™ | M4 NI 100 Sane INGE STEENSLANDAS 2000 2001 2002 2003 2004 2005 2006 2007 2008 ——15000SR — 8000 ETH TCE ——6500 SR TCE — 3500 SR 1yr TC — 350
Slide 15: C *D3 /J
* 3 , E6 3 * F 9 1%$ *" 98 1 8' *D3 J , 86 ' 86 ' 86 ' 8' C *D3 /J , C' ;' C ;' C C' *D3 /J , 88 ' 1 88 ' 8 C' >' *D3 J , C C' C C' C C' 6C' *D3 J , C' C' C' 8C' *D3 4 ' 4 ' 4 ' >' *D3 4 ' 4 ' 4 ' 1' *D3 6>' >> C' C' " : . H 14
Slide 16: ! $ I *, J - G ! " # ! " $%& $%&
8 444 ! $ I *, J - G ! " # ! " $%& $%& $%& ' G * 2"$ $ #" " : 15
Slide 17: * @ % I "M ! : * M &/ , > C "
* @ % 0 I "M ! : * 5 M &/ 3 , 668 6 > C 6 " $ &3 & - : N * $ $ , 16