Fourth Quarter 2018 Earnings Presentation
January 28, 2019
Safe Harbor Statement
This document may contain forward-looking statements that reflects management's expectations for the future. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this document are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk vessel capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
2
Corporate and Financial Highlights
Q4-2018 Financial Results |
|
TCE |
|
Liquidity |
|
Investment in Scorpio Tankers Inc. |
|
IMO 2020 |
|
Dividend |
|
Stock Buyback Program |
|
3
Strong Market for our Vessels
$15,000
$12,500
February 10, 2016 BDI hits 40 year low
$10,000
$7,500
$5,000
$2,500
$0
Q1 16 | Q2 17 | Q3 17 |
Ultramax | Kamsarmax |
Q2 16
Q3 16
Q4 16
Q1 17
Q4 17
Q1 18
* Projections based on 56% and 60% of the days for the Ultramax fleet and Kamsarmax fleet, respectively as of January 23, 2019.
Q2 18
Q3 18
Q4 18
Q1 19*
4
Scrubber Installation Schedule 2019 and 2020
20
16
12
Estimated Payments by Year | |
2018 | $1.2 million |
2019 | $58.9 million |
2020 | $66.1 million |
2021 | $0.9 million |
Total | $127.1 million |
15
8
4
0
Q1
Q4
Q2
Q3
Q1
Q2
Q3
Q4
2019
2020
UltramaxKamsarmax
5
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Disclaimer
Scorpio Bulkers Inc. published this content on 28 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 January 2019 16:33:09 UTC