Investor Presentaiton slide image

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 • Time Charter-ins • 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 26
View entire presentation