Transformational Performance and Growth
Atlas Timeline
Resilient business model well positioned for growth opportunities
$10.0
$9.0
$8.0
$7.0
$6.0
$5.0
$4.0
$3.0
$2.0
Total Assets (bn)
$1.0
$1.0
$0.8
$0.6
Cash Flow from Operations (bn)
$0.4
$-
$0.0
2005 2006 2007 2008 2009 2010 2011 2012
2013 2014 2015 2016 2017 2018 2019 2020
■Total Assets
Cash Flow from Operations
$0.2
Strengthening Balance Sheet &
Operational Platform
David Sokol joins
Initial Fairfax
investment
Board of Directors
Deleveraging from
$227mn charter
modification funds
2005
2017
2018
2019
Bing Chen
appointed CEO
Seaspan announces
acquisition of GCI
Closing of $1.0bn
portfolio financing
program
12
1.
2.
3.
ATLAS
CORP
Announces Atlas
and $750mn APR
acquisition
Strategic Growth & Diversification of
Capital Sources
Seaspan achieves
investment grade
BBB- rating¹
2020
Announces increase
in portfolio financing
program to $1.7bn
Issues
exchangeable
senior notes
2021
Seaspan closes first
sustainability-linked
loan
2019 & 2020: added 15
vessels to fleet with $1.1bn
in gross contracted cash
flows²
Kroll Bond Rating Agency (KBRA) rated Seaspan's Portfolio Financing Program BBB- and provided Seaspan Corporate Rating of BB
Gross contracted cash flow includes $1.0 billion lease payments receivable from operating leases and $0.1 minimum lease receivable from finance leases related to
vessels acquired and delivered since the end of 2019
Includes $3.5 billion of lease payments receivable from operating leases and $1.2 billion of minimum lease receivable from financing leases from undelivered vessels
Issues
sustainability
linked bond
2020 & 2021: announced 31
newbuild orders and 2
secondhanded vessel acquisitions
with $5.9bn in gross contracted
cash flows³
7
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