Global Ship Lease Inc New · NYSE:GSL
Global Ship Lease Inc New — Global Ship Lease — Q4 2009 Earnings Presentation
10 slides from Global Ship Lease Inc New's earnings presentation, 2010
Slide 1: Fourth Quarter 2009 Presentation
Fourth Quarter 2009 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 and Full Year 2009 Highlights
Global Ship Lease: Q4 and Full Year 2009 Highlights Reported revenue of $39.9 million for the fourth quarter of 2009 up 52% on $26.3 million for the fourth quarter 2008 due to an expanded fleet. Revenue was $148.7 million for the year ended December 31, 2009, up 57% on $95.0 million for the year e
Slide 5: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes
Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes *Seven to eight years at option of Charterer 4
Slide 6: Q4/FY 2009 Financials
O4/FY 2009 Financials GLOBAL SHIP LEASE
Slide 7: Financial Results – Time Charter Business Only
Financial Results – Time Charter Business Only Three months ended Year ended December 31 December 31 ($ in thousands) (Unaudited) (Unaudited) 2009 2008 2009 2008 Operating revenues $39,884 $26,305 $148,708 $94,978 Operating expenses Vessel operating expenses 9,851 7,924 41,368 29,797 Depreciation 10
Slide 8: Balance Sheet
Balance Sheet As of December 31, 2009 As of December 31, 2008 ($ in thousands) (Unaudited) (Unaudited) Assets Cash and cash equivalents 30,810 26,363 Restricted cash 3,026 3,026 Accounts receivable 7,838 638 Prepaid expenses 685 734 Other receivables 613 1,420 Deferred tax 285 176 Deferred financing
Slide 9: Credit Facility Amendment
Credit Facility Amendment Amended Revolving Facility Highlights Loan-to-value maintenance covenant waived up to Aggressively pays down debt and enhances ability and including November 30, 2010 with next test to emerge from the unprecedented downturn as a scheduled for April 30, 2011 stronger com
Slide 10: Global Ship Lease
GLOBAL SHIP LEASE