Global Ship Lease Inc New · NYSE:GSL

Global Ship Lease Inc New — Global Ship Lease — Q4 2011 Earnings Presentation

15 slides from Global Ship Lease Inc New's earnings presentation, 2012

  1. Slide 1: Fourth Quarter 2011 Presentation

    Fourth Quarter 2011 Presentation 0

  2. 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

  3. 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

  4. Slide 4: Global Ship Lease: Q4 2011 Highlights

    Global Ship Lease: Q4 2011 Highlights Continued to generate stable revenues and cash flows:  Reported revenue of $39.7 million for fourth quarter 2011; $156.3 million for year  Generated $26.6 million EBITDA for fourth quarter 2011; $103.7 million for year  Excluding non-cash mark-to-market loss,

  5. Slide 5: Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes

    Fleet and Charter Portfolio: Modern, High Quality Tonnage of Diverse Sizes  Average remaining contract term of 8.3 years on a weighted basis Ville d'Aquarius 4,113 TEU  Contracted revenue of $1.2 billion Ville d'Orion 4,113 TEU  Limited near-term expirations, only two CMA CGM Matisse 2,262 TEU ch

  6. Slide 6: GSL Performance: Robust Performance Throughout the Cycle

    Robust Performance Throughout the Cycle 200 Clarksons Timecharter Index 1Q2008 - 4Q2011 Market Timecharter Index Average 1Q2008 - 4Q2011 Market Cycle 150 100 50 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011E GSL Perf

  7. Slide 7: 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% 12.8% 12.0% 11.4% 11.6% 11.2% 11.4% 10.5% 10.5% 10.6% 10.8% 9.8% 9.7% 10% 8.8% 200 8.1% 8.3% 7.9% 7.7% 7.9% 7.0% 6.7% 4.8% 5.2% 5.3% 5.1% 4.9% 4.6% 4.9% 5% 3.6% 4.2% 3.8% 3.9%

  8. Slide 8: Mid-Size and Smaller Vessels Deployed in Higher Growth Trades

    Mid-Size and Smaller Vessels Deployed in Higher Growth Trades 2011E Global Containerized Trade ~151 mm TEU Estimated Containerized Trade Growth, by Tradelane³ 12.0% 2011 2012 2013 9.4% Transpacific, 9.1% 14% 10.0% 8.9% 7.7% 8.0% 3.4% Far East- 5.3% 3.9% Europe, 12% 6.0% 4.0% Other², 41% 2.0% Transat

  9. Slide 9: Mid and Smaller Size Vessels: Flexible Tonnage in Under-Built Segments

    Mid and Smaller Size Vessels: Flexible Tonnage in Under-Built Segments Existing Fleet: 15.4 mm TEU Orderbook: 4.3 mm TEU Orderbook as % of Fleet Segment 10,000+ TEU, 2,000 - 2,999 Sub-2,000 10% TEU, 2% TEU, 3% 160% 141% 140% Sub-2,000 120% 3,000 - TEU, 16% 5,099 TEU, 100% 2,000 - 2,999 16% TEU, 12%

  10. Slide 10: Q4 2011 Financials

    Q4 2011 Financials GLOBAL SHIP LEASE

  11. Slide 11: Financial Results (unaudited)

    Financial Results (unaudited) Three months ended Year ended December 31 December 31 2011 2010 2011 2010 Operating Revenues $39,714 $40,035 $156,268 $158,837 Operating Expenses Vessel operating expenses 11,470 11,383 45,517 42,067 Depreciation 10,076 10,096 40,131 40,051 General and administrative 1,

  12. Slide 12: Balance Sheet (unaudited)

    Balance Sheet (unaudited) December 31, December 31, 2011 2010 Assets Cash and cash equivalents $ 25,814 $ 28,360 Restricted cash 3,027 3,027 Accounts receivable 13,911 7,341 Prepaid expenses 726 712 Other receivables 839 264 Deferred tax 19 265 Deferred financing costs 1,168 1,009 Total current asse

  13. Slide 13: Cash Flow (unaudited)

    Cash Flow (unaudited) Three months ended Year ended December 31 December 31 2011 2010 2011 2010 Cash Flows from Operating Activities Net income (loss) $ 10,860 $ 1,226 $ 9,071 $ (3,971) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities Depreciation 10,076 10,096

  14. Slide 14: Concluding Remarks

    Concluding Remarks  Business model and contracted revenue insulate GSL revenues from direct impact of volatile freight markets  No exposure to financing or re-financing risk until 2016  Able to use cash flow to pay down debt and strengthen balance sheet  CMA CGM has a long history of operating t

  15. Slide 15: Global Ship Lease

    GLOBAL SHIP LEASE

Global Ship Lease — Q4 2011 Earnings Presentation on 6ix