2021 Financial Guidance
Atlas Highlights
Foundation for through-cycle value creation through disciplined capital allocation
APR
ENERGY
✓
>1.5mn TEU 9 Power Plants
160 Vessels¹
0.9 GW4
Industry leading operating platforms
~$11.0 Billion
Gross Contracted Cash Flow 1,2,3
Resilient and differentiated business
model
$622mn
1.2x
FFO (TTM) 4,5 Net Debt/Equity 4,5,6
$771mn
BBB-
Liquidity 4,7 Senior Secured Rating8
FAIRFAX
Well capitalized for growth
The Washington Companies
FINANCIAL HOLDINGS LIMITED
Supportive long-term capital partners
40%4
24%4
A
As of December 31, 2020; pro-forma for newbuild containership orders for 31 vessels announced on December 7, 2020, February 8 and 12, and March 4 and 8, 2021, and 2 secondhand vessel acquisitions announced March 2, 2021
Gross contracted cash flow includes $4.2 billion of lease payments receivable from operating leases, $0.9 billion of minimum lease receivable from finance leases, as well as $5.9 billion lease payments to be received from undelivered
vessels
Includes cash flows expected from signed charter agreements on undelivered vessels, excluding purchase options, extension options, higher charter rate options and profit-sharing components
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As at December 31, 2020.
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See Q4 2020 earnings release for non-GAAP reconciliations to nearest GAAP measure
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Kroll Bond Rating Agency (KBRA) rated Seaspan's Portfolio Financing Program BBB- and provided Corporate Rating of BB
Net debt represents Total Borrowings less cash and cash equivalents and restricted cash, excluding debt discount. Total Borrowings represents long-term debt and other financing arrangements before deferred financing fees
Total cash & cash equivalents plus total available undrawn committed credit facilities
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