Ardmore Shipping Corporation · NYSE:ASC

Ardmore Shipping — Investor Presentation (January 2015)

12 slides from Ardmore Shipping's investor presentation, Jan 16, 2015

  1. Slide 1: Ardmore Shipping Corporation Investor Presentation

    ARDMORE SHIPPING CORPORATION Investor Presentation January 16, 2015

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains certain statements that are deemed to be “forward-looking statements” within the meaning of applicable U.S. federal securities laws. All statements, other than statements of historical facts, that address activities, events or developments that Ardmore Shipping

  3. Slide 3: Introduction

    Introduction 3

  4. Slide 4: Ardmore Shipping

    Ardmore Shipping  Premier product tanker company listed on the New York Stock Exchange (“ASC”)  Owns and operates a fleet of 24 “Eco” Medium Range (“MR”) product and chemical tankers(1)  Modern “Eco” fleet with an average age of ~4 years(2)  Significant growth with 10 newbuild vessels delivering

  5. Slide 5: Strong Tailwinds From Ongoing Demand Growth

    Strong Tailwinds From Ongoing Demand Growth Commentary Refinery Dislocation Increasing Refined Product Trade (1)  Underlying / ongoing demand coming from:  New export refineries in Middle East(2)  US Gulf increasing exports of refined products  Increased exports of condensate from US(3)  Sulphu

  6. Slide 6: Current Market: Lower Oil Prices Pushing Up Tanker Rates

    Current Market: Lower Oil Prices Pushing Up Tanker Rates Commentary MR Tanker Rates Increasing as Oil Prices Decline (2) MR Average Spot Rate / Day  Lower oil prices increasing cargo volumes $35,000 WTI Crude Oil Price 110 $30,000 100 Spot Rate / Day US$  Refining industry increasing production –

  7. Slide 7: Ardmore Has Significant Leverage to Improving Rates and Values

    Ardmore Has Significant Leverage to Improving Rates and Values $1,000 / day increase in rates = $0.34 / share annually $1 million increase in vessel value = $0.92 / share in NAV $4.00 Current MR Spot Rates are ~$23,000 $20.00 5 year old MR values are ~30% Current share price / day. At these rates AS

  8. Slide 8: Ardmore Shipping: Taking Advantage of Lower Oil Prices

    Ardmore Shipping: Taking Advantage of Lower Oil Prices  Lower oil price is:  Pushing tanker rates to ~8 year highs  Fuel prices reducing voyage expenses  Underlying demand factors will continue to support rate increases in the medium to longer term  ASC is a premier product tanker company liste

  9. Slide 9: Appendix

    ARDMORE SEAVALIANT Appendix

  10. Slide 10: Appendices

    Appendices I. Ardmore Fleet List II. Ardmore Senior Management 10

  11. Slide 11: The Ardmore Fleet of Product and Chemical Tankers

    The Ardmore Fleet of Product and Chemical Tankers ECO-DESIGN TANKERS ECO-MOD TANKERS NAME SIZE (DWT) DELIVERED BUILT NAME SIZE (DWT) DELIVERED BUILT IN OPERATION IN OPERATION ARDMORE SEAVANGUARD 49,998 2014 Korea ARDMORE SEALEADER 47,463 2008 Japan ARDMORE SEAVANTAGE 49,998 2014 Korea ARDMORE SEALIF

  12. Slide 12: Strong Management Team with Proven Track Record

    Strong Management Team with Proven Track Record Experience Name Past Positions (Years)  CEO of Industrial Shipping Enterprises, COO of MTM Group and CFO of Teekay Shipping Tony Gurnee 33 Corporation CEO  Shipping financier with Citicorp and U.S. Naval Officer  MBA, CFA, Fellow of the Institute of

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