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Capital Product Partners (CPLP) Investor Presentation - Slideshow
2022-04-02 13:44
Investor Presentation March 2022 www.capitalpplp.com Investment Highlights 1 ▪ Diversified, modern fleet: 6 latest generation LNG carriers ('LNGC'), 14 container vessels and 1 dry bulk capesize vessel. ▪ Long charter duration: Vessels employed under period contracts with remaining charter duration of 4.9 years and $1.21 billion of contracted revenue. ▪ Common unit quarterly distribution guidance of $0.15. Implied 3.9% annual distribution yield*. ▪ Consistent distributions: Have paid non-stop distributions t ...
Capital Product Partners L.P.(CPLP) - 2021 Q4 - Earnings Call Transcript
2022-02-02 19:39
Capital Product Partners L.P. (NASDAQ:CPLP) Q4 2021 Earnings Conference Call February 2, 2022 9:00 AM ET Company Participants Gerasimos Kalogiratos - CEO Conference Call Participants Liam Burke - B. Riley Randall Giveans - Jefferies Operator Thank you for standing by and welcome to the Capital Product Partners' Fourth Quarter 2021 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Officer of the Company. [Operator Instructions] I must advise you this conference is bein ...
Capital Product Partners L.P.(CPLP) - 2021 Q3 - Earnings Call Transcript
2021-11-06 00:03
Capital Product Partners LP (NASDAQ:CPLP) Q3 2021 Earnings Conference Call November 5, 2021 9:00 AM ET Company Participants Gerasimos Kalogiratos - CEO Conference Call Participants Liam Burke - B. Riley Securities Randall Giveans - Jefferies J. Mintzmyer - Value Investor's Edge Benjamin Nolan - Stifel, Nicolaus & Company Operator Thank you for standing by and welcome to the Capital Product Partners' Third Quarter 2021 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive ...
Capital Product Partners L.P.(CPLP) - 2021 Q2 - Earnings Call Presentation
2021-07-30 19:03
| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------------------------------|-----------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter 2021 | | | | | | | | Earnings Presentation | | | | | | | July 30, 2021 | | | | | | | | Capital Product Partners L.P. | | | | | | | | www.capitalpplp.com | | Important Notice O The statements in this presentation that are not historical facts, in ...
Capital Product Partners L.P.(CPLP) - 2021 Q2 - Earnings Call Transcript
2021-07-30 18:12
Capital Product Partners LP (NASDAQ:CPLP) Q2 2021 Earnings Conference Call July 30, 2021 9:00 AM ET Company Participants Gerasimos Kalogiratos - CEO Conference Call Participants Randy Giveans - Jefferies Ben Nolan - Stifel, Nicolaus & Company Operator Thank you for standing by, and welcome to the Capital Products Partners Second Quarter 2021 Financial Results Conference Call. We have with us Mr. Gerry Kalogiratos, Chief Executive Officer of the company. At this time, all participants are in a listen-only mo ...
Capital Product Partners L.P.(CPLP) - 2021 Q1 - Earnings Call Presentation
2021-04-29 16:08
| --- | --- | --- | --- | --- | --- | --- | |---------------------|-------|--------------------------------|-------|----------------|-------|-----------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | First Quarter 2021 | | | | | | April 29, 2021 | | Earnings Presentation | | | | | | | | | | | | Capital Product Partners L.P. | | | | | | | | | | | | | | | | | | | | | | www.capitalpplp.com | | | | | | | IMPORTANT NOTICE 1 i The statements in this presentation that are not historical ...
Capital Product Partners L.P.(CPLP) - 2020 Q4 - Annual Report
2021-04-26 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31,2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTI ...
Capital Product Partners L.P.(CPLP) - 2020 Q4 - Earnings Call Presentation
2021-01-29 19:19
| --- | --- | --- | --- | --- | --- | --- | |--------------------------------|-------|-------|-------|------------------|-------|--------------------------------------------| | | | | | | | | | | | | | | | | | | | | | January 29, 2021 | | Fourth Quarter 2020 Earnings Presentation | | Capital Product Partners L.P. | | | | | | | | | | | | | | | | | | | | | | | | www.capitalpplp.com | | | | | | | IMPORTANT NOTICE 1 i The statements in this presentation that are not historical facts, including, among other thing ...
Capital Product Partners L.P.(CPLP) - 2020 Q4 - Earnings Call Transcript
2021-01-29 18:52
Financial Data and Key Metrics Changes - The Partnership's net income for Q4 2020 was $7.3 million, an increase from $5.8 million in Q4 2019 [6] - Revenues for the quarter were $31.5 million, up from $27.7 million in Q4 2019, primarily due to fleet size increase [7] - Total expenses for Q4 2020 were $24.6 million, compared to $18.2 million in Q4 2019 [8] - Operating surplus for Q4 was $20.7 million, translating to a common unit coverage of 6x [6][9] - Total debt increased to $379.7 million from $262.4 million at the end of 2019 [10] Business Line Data and Key Metrics Changes - The increase in revenue was partly offset by a decrease in average daily charter rates and off-hire periods due to maintenance and COVID-19 incidents [7] - Total vessel operating expenses rose to $10.3 million from $7.7 million in Q4 2019, attributed to fleet size increase [8] Market Data and Key Metrics Changes - The container market saw a strong rebound in charter rates during Q4 2020, with Neo-Panamax rates more than doubling compared to early Q3 2020 [17] - The base case forecast for container trade in 2021 is projected at 5.7%, with supply growth estimated at 3.8% [18][19] Company Strategy and Development Direction - The company plans to grow and diversify its asset base, with the acquisition of three 5,100 TEU sister container vessels for $40.5 million [11][15] - The charter coverage for 2021 and 2022 stands at 90% and 81%, respectively, with a remaining charter duration of 4.2 years [16] - The company aims to balance growth with returning capital to unitholders through distributions and a unit buyback program [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market prospects and rechartering risks compared to previous quarters, citing a tight container market [36][37] - The company is optimistic about the returns from the recent vessel acquisition, estimating an EBITDA of about $32 million over the next five years [15] Other Important Information - The company has authorized a common unit repurchase program of up to $30 million, expected to commence in February 2021 [6] - The acquisition of the three vessels will be partly funded through a sale and leaseback transaction, minimizing cash outlay [13][14] Q&A Session Summary Question: What happened to the CMA CGM Magdalena's charter duration? - Management clarified that the charter period remained unchanged, but market conditions led to a longer expected duration for redelivery [24][25] Question: Why did the company acquire vessels at a higher price shortly after they were purchased by Capital Maritime? - Management explained that the vessels were acquired with cash flow visibility and included significant upgrades, making the transaction favorable despite the higher price [32][34] Question: How does the unit repurchase program align with distributions? - Management stated that the priority is to grow the fleet while returning capital to unitholders, and the buyback program is seen as a strategic move to enhance value [35][37] Question: What is the company's NAV estimate? - Management indicated that NAV estimates are nearly double the current unit prices, highlighting a significant discount [48]
Capital Product Partners L.P.(CPLP) - 2020 Q3 - Earnings Call Transcript
2020-11-02 20:10
Capital Product Partners L.P. (NASDAQ:CPLP) Q3 2020 Earnings Conference Call November 2, 2020 9:00 AM ET Company Participants Jerry Kalogiratos - Chief Executive Officer Conference Call Participants Ben Nolan - Stifel Nicolaus Liam Burke - B. Riley FBR Randy Giveans - Jefferies Operator Thank you for standing by. And welcome to the Capital Product Partners, Third Quarter 2020 Financial Results Conference Call. We have with us Mr. Jerry Kalogiratos, Chief Executive Officer of the company. At this time, all p ...