Transformational Performance and Growth
Seaspan at a Glance
Integrated with Global Trade
Modern Fleet
#1
Independent Containership
Owner/Operator
骨
seaspan
Strong Financial Profile
$1,325mn - $1,355mn
2021 Revenue²
$839mn - $874mn
2021 Adjusted EBITDA²
Long-Term Charters with
7 of 8
Leading Global Liners
160 Vessels¹
>1.5mn TEU
$10.7bn
Gross Contracted
Cash Flow 1,3,4
$
5,200 employees
98%
Average Utilization Since IPO6
~98% Utilization during COVID
(4,900 Seafarers / 300 Corporate)
~6.5 years
Average Remaining
Charter Period 1,5
1.
123
~5.3 years
Average Age 1,5
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
Guidance provided on March 8, 2021
Gross contracted cash flow includes $3.9 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
Weighted by TEU
3.
4.
5.
6.
Average fleet utilization from 4Q05 to 4Q20
7.
Average utilization in 2020
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