Investor Presentaiton
Quarter Ending December 31, 2022 – Highlights
VLGC Rates / Utilizaton
Operating Expenses
Adjusted Net Income
• Fleet TCE / Operating day of $52,768
Fleet Utilization of 97.8%
• Fleet Opex (reported) of $9,739/day
Adjusted net income of $52.0 mm or $1.29 / diluted share
Adjusted EBITDA
Cash Dividend
•
•
Scrubber Installation
•
Time Charter-outs
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Time Charter-ins
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Adjusted EBITDA of $76.2 mm
•
Paid an irregular cash dividend of $1.00 per share of our common stock to all shareholders of record as of
the close of business on November 7, 2022
Declared an irregular cash dividend totaling $40.3 million to all shareholders of record
as of February 15, 2023
• Committed to the installation of scrubbers on three additional vessels; expected to be completed during
calendar year 2023
Extended the time charter-out of the 2015-built Concorde and the 2014-built Corsair with expirations during
the first and fourth calendar quarters of 2024, respectively
Exercised the option to extend the time charter-in of the 2020-built Future Diamond to our fleet with
an expiration during the first calendar quarter of 2025
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