www.navig8chemicaltankers.com EARNINGS RELEASE 1Q 2016 MAY 11TH, 2016
DISCLAIMER This Presentation contains certain forward-looking statements relating to the business, future financial performance and results of the Company and/or the industry in which it operates. Forward‐looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words “believes”, “expects”, “predicts”, “intends”, “projects”, “plans”, “estimates”, “aims”, “foresees”, “anticipates”, “targets”, and similar expressions. In particular, this Presentation contains forward-looking statements with respect to cost of construction of the Company’s newbuildings and timing of their delivery, values of the assets of the Company and the potential future revenue and EBITDA these assets may yield under current or future contracts, the potential future revenues and cash flows of the Company, the potential future demand and market for the Company’s assets, the potential value of the ordinary shares of the Company and the Company’s equity and debt financing requirements and its ability to obtain financing in a timely manner and at favorable terms. The forward‐looking statements contained in this Presentation are based on the current, estimates and projections of the Company or assumptions based on information currently available to the Company. Such forward- looking information and statements, including assumptions, opinions and views of the Company or cited from third party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. Potential investors are expressly advised that financial projections, such as the revenue and cash flow projections contained herein, cannot be used as reliable indicators of future revenues or cash flows . No obligation is assumed to update any forward‐looking statements or to conform these forward‐looking statements to our actual results. Restrictions on Distribution of Presentation This Presentation has been prepared by the Company exclusively for information purposes. This Presentation has not been reviewed by or registered with any public authority or stock exchange. This Presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities, including in the United States, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever. Specifically, this presentation does not constitute a “prospectus” within the meaning of the U.S. Securities Act of 1933, as amended. _______ This Presentation is being distributed in Norway solely to and directed solely at persons who (i) have professional experience knowledge and expertise in matters relating to financial investments, (ii) are high net‐worth entities, or (iii) are persons to whom an invitation or inducement to engage in investment activity has been extended by the Company (all such persons together being referred to as “Relevant Persons”) . This Presentation is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this Presentation may relate is available only to Relevant Persons and will be engaged in only with Relevant Persons. Neither this Presentation (nor any part of it) may be reproduced, distributed, passed on, or the contents otherwise divulged, directly or indirectly, to any person who is not a Relevant Person without the prior written consent of the Company. No public solicitations relating to a possible transaction in connection with this Presentation are being made or will be made directly or indirectly in the United States. Any securities that may be delivered in connection with any transaction referred to in the Presentation will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The distribution of this Presentation may also in other jurisdictions be restricted by law. Accordingly, this Presentation may not be distributed in any jurisdiction except under circumstances that will result in compliance with applicable laws and regulations. The Company requires persons in possession of this Presentation to inform themselves about and to observe any such restrictions. By accepting delivery of this Presentation you acknowledge and agree to comply with the foregoing restrictions. 2
OVERVIEW Leading Chemical Tanker and Commercial Platforms NAVIG8 CHEMICALS TANKERS INC NAVIG8 GROUP Largest independent commodity transportation company in the world Leading platform with a fleet of large, high specification chemical tankers Established in 2013 by the Navig8 Group to capitalise on Headquartered in London, established in March 2007 the significant changes in the petrochemical industry Global network of 16 offices with 300+ employees Best-in-class chemical tanker platform combining: Manages 17 shipping pools in 5 shipping segments: • Fleet of 37 fuel-efficient newbuildings with crude, product, chemicals and dry bulk and offshore exclusively modern eco-designs • 300+ vessels under management, including 80 vessel • Expertise of the world’s leading pool and commercial newbuilding program management provider • Diverse pool member base with 58 owners from 18 Large vessels strategically selected to take advantage of countries the continuing shift to long-haul chemical trades Unrivalled network of relationships • Deep knowledge of global commodity flows and Complementary mix of primarily interline coated and transportation stainless vessels that captures the full range of chemicals, • Proximity to customers and regional markets including specialized types • In-house research Early mover advantage 3
RECENT DEVELOPMENTS
RECENTDEVELOPMENTS For the quarter ended March 31, 2016 Generated revenue of $36.5 million and net income of $10.4 million, or $0.27 per share, for the three months ended March 31, 2016. Expanded vessel operating days against a stable industry backdrop. Continued growth of the Company’s operating fleet with the delivery of two vessels; The Company took delivery of its final A-Class IMO2 37,000 DWT Interline coated tanker 20 vessels of the Company’s 37 -vessel newbuilding fleet had been delivered as of March 31, 2016. All delivered vessels have been deployed in pools managed by the Navig8 Group. Entered into $140.0 million sale and leaseback agreements with Bank of Communications Financial Leasing Co., Ltd (“BCFL”) in April 2016 for four IMO2 49,000 DWT Interline coated medium range tankers being built at STX Offshore & Shipbuilding Co., Ltd. (“STX”). Issued $93.0 million in amortizing notes due 2027, guaranteed by The Export- Import Bank of Korea (“KEXIM”) with an interest rate fixed at 2.90% per annum in April 2016. 5
STRATEGICASSETS Large, high specification eco tankers from top quality yards FLEET CONSTRUCTION SCHEDULE (As of May 11 th , 2016) A-CLASS (IMO II 37,000 DWT INTERLINE 9001) TODAY YEAR-END Navig8 Almandine Navig8 Amber Navig8 Amethyst Average DWT 38,000 dwt; Navig8 Ametrine Navig8 Aventurine 2.5 times industry average Navig8 Andesine Navig8 Amazonite Navig8 Aronaldo Navig8 Aquamarine Navig8 Axinite Navig8 Amessi Navig8 Ammolite Navig8 Azurite Navig8 Azotic Navig8 Adamite Navig8 Aragonite Navig8 Alabaster Navig8 Achroite S-CLASS (IMO II 25,000 DWT STAINLESS STEEL) Navig8 Sirius Navig8 Sky Navig8 Spark Navig8 Stellar Navig8 Saiph Navig8 Sceptrum Navig8 Spica Navig8 Sol T-CLASS (IMO II 49,000 DWT INTERLINE 9001) Navig8 Turquoise Navig8 Topaz Navig8 Tourmaline Navig8 Tanzanite Navig8 Tiffany Navig8 Tektite Navig8 Tremolite Navig8 Triphane Navig8 Thorite V-CLASS (IMO II 50,000 DWT EPOXY) Navig8 Victoria Navig8 Violette Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15 Jan-16 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Delivered vessels Newbuildings 6
FINANCIALS
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