Transformational Performance and Growth
2020 Financial Highlights
Consistent Strong Performance Through Adversity
A
Atlas
2019
2020
Revenue ($ millions)
1,131.5
1,421.1
Adjusted EBITDA* ($ millions)
714.3
923.8
Funds from Operations* (FFO) ($ millions)
375.3
622.3
FFO Per Share*, Diluted ($)
1.71
2.48
Earnings Per Share, Diluted ($)
1.67
0.50
Ending Liquidity ($ millions)
470.0
771.3
Seaspan
Adjusted EBITDA* ($ millions)
714.3
795.5
Funds from Operations* (FFO) ($ millions)
375.3
596.7
Vessel Utilization (%)
98.9%
98.4%
Operating Vessels (#)
117
127
Fleet Capacity (TEU '000)
956
1,073
Gross Contracted Cash Flow¹ ($ billions)
4.7
4.8
APR¹
Adjusted EBITDA* ($ millions)
Funds from Operations* (FFO) ($ millions)
127.0
88.7
Power Fleet Utilization
74.0%
68.9%
Gross Contracted Cash Flow² ($ billions)
0.3
For 2020*:
Revenue increased by 25.6%³
FFO growth of 65.8%³
FFO growth of 45.0% per diluted
share³
Total liquidity increased by
64.1%³ during 2020 to $771.3
million at year-end
* See Appendix for reconciliations to the most directly comparable GAAP measure; FFO per Share represents Funds from Operations per diluted share
1.
2.
3.
Seaspan gross contracted cash flow as at December 31, 2020 includes $3.9 billion of lease payments receivable from operating leases and $0.9 billion of minimum lease receivable from finance leases.
Seaspan gross contracted cash flow as at December 31, 2019 includes $3.5 billion of lease payments receivable from operating leases and $1.2 billion of minimum lease receivable from financing leases.
APR gross contracted cash flow as at December 31, 2020 includes $0.3 billion of lease payments receivable from operating leases
Compared to 2019
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