Financial Data and Key Metrics Changes - Adjusted net income for Q3 2020 was $47.3 million, an increase of $9.4 million compared to $37.9 million in Q3 2019 [14] - Operating revenues rose by $7.1 million to $118.9 million in Q3 2020 from $111.8 million in Q3 2019 [15] - Adjusted EBITDA increased by 5% or $4 million to $83.3 million in Q3 2020 from $79.3 million in Q3 2019 [19] Business Line Data and Key Metrics Changes - Vessel operating expenses increased by $2.8 million to $27.7 million in Q3 2020 from $24.9 million in Q3 2019 due to a higher average number of vessels [16] - General and administrative expenses decreased by $0.4 million to $6 million in Q3 2020 compared to $6.4 million in Q3 2019 [17] - Interest expense decreased by $6.8 million to $7.5 million in Q3 2020 from $14.3 million in Q3 2019, attributed to a decrease in average indebtedness [18] Market Data and Key Metrics Changes - Container trade has shown a remarkable recovery since May 2020, with time charter rates at or near multiyear highs across all vessel sizes [7] - Global GDP is forecasted to grow by 5.2% in 2021, indicating a swift recovery primarily in goods rather than services, benefiting containerized trade [9] - The orderbook is currently at single digits as a percentage of the world fleet for the first time in 20 years, indicating a healthy supply-side outlook [10] Company Strategy and Development Direction - The company plans to purchase two 9,000 TEU vessels contracted on two-year charters, expected to be delivered between December 2020 and January 2021 [11] - The company has a charter backlog of $1.1 billion and maintains a conservative financial profile while focusing on capital allocation decisions [12][13] - The company aims to deliver value through growth rather than immediate dividends, emphasizing share repurchases as a means of returning value to shareholders [21] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the medium-term market outlook, noting that tighter supply will help maintain momentum in the container market [10] - The company remains focused on maintaining a conservative financial profile amid ongoing uncertainty due to the pandemic [13] - Management highlighted the dynamic nature of the short-term chartering market and the potential for higher rates in the future [26] Other Important Information - The company repurchased 4,339,000 shares, or 17.5% of outstanding shares, for $31.1 million, significantly increasing per share results and valuation metrics [12] - The average daily operating cost increased to $5,467 per day in Q3 2020 from $5,298 per day in Q3 2019, remaining competitive in the industry [16] Q&A Session Summary Question: Thoughts on eventual dividend timing and further share repurchases - Management indicated that while dividends are considered, the focus remains on delivering value through share repurchases and growth [21][22] Question: Details on the acquisition of two 9,000 TEU vessels - Management noted that these vessels were attractive due to their strategic value and the current market conditions [24] Question: Impact of record-setting container rates on time charter rates - Management confirmed that current charter rates are at phenomenal levels not seen since 2011, with most charters being for 12 to 18 months [26] Question: Expectations for fixing vessels prior to expiration - Management stated that they are waiting closer to vessel delivery dates to secure better rates, which has proven effective [27] Question: Financing expectations for vessel acquisitions - Management expects to finance 50% to 55% of the purchase price for the new vessels [35] Question: Willingness to sell assets if values rise - Management expressed a preference to run vessels in a high market rather than sell, as container shipping is not primarily an asset play [36]

忽미권 World-Class Shipping, Leading-Edge Expertise Corporate Presentation | November 2020 Danaos by the Numbers Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, t ...

Danaos Corporation (NYSE:DAC) Q2 2020 Earnings Conference Call August 4, 2020 9:00 AM ET Company Participants Evangelos Chatzis - Chief Financial Officer John Coustas - President and Chief Executive Officer Conference Call Participants Randy Giveans - Jefferies LLC Christian Wetherbee - Citigroup Inc. Chris Wetherbee - Citigroup Inc. Kerem Aksoy - Glacier Pass Partners Operator Good day and welcome to the Danaos Corporation Conference Call to discuss the financial results for the 3 months ended June 30, 202 ...

忽미교 Corporate Presentation | August 2020 World-Class Shipping, Leading-Edge Expertise Danaos by the Numbers Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the ...

20120 World-Class Shipping, Leading-Edge Expertise Corporate Presentation | May 2020 Danaos by the Numbers Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, the ...

Use these links to rapidly review the document TABLE OF CONTENTS INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE A ...

忽미교 World-Class Shipping, Leading-Edge Expertise Corporate Presentation | February 2020 Danaos by the Numbers Disclaimer This presentation contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future, including, without limitation, t ...

Financial Data and Key Metrics Changes - The company's adjusted net income for 2019 was $148.7 million, an increase of $17.5 million or 13.3% compared to $131.2 million in 2018, primarily due to a $13.7 million decrease in total operating costs and a $15.1 million decrease in net finance expenses, partially offset by an $11.5 million decrease in operating revenues [5][12] - Adjusted EBITDA for 2019 was $310.6 million, slightly down from $317.8 million in 2018 [5] - For Q4 2019, adjusted net income was $38 million, up by $1.4 million from $36.6 million in Q4 2018, driven by a $5.2 million decrease in total operating expenses and a $1 million decrease in net finance costs, despite a $5.4 million decrease in operating revenues [12][13] Business Line Data and Key Metrics Changes - Operating revenues for Q4 2019 decreased by 4.7% or $5.4 million to $110 million compared to $115.6 million in Q4 2018, mainly due to a $5.3 million decrease from 4 Panamax vessels that concluded 12-year charters [13] - Vessel operating expenses decreased by 4.3% or $1.1 million to $24.5 million in Q4 2019, with an average daily vessel operating cost of $5,215, remaining competitive in the industry [14] - Adjusted EBITDA for Q4 2019 decreased by 26% or $2.1 million to $78.1 million from $80.2 million in Q4 2018 [16] Market Data and Key Metrics Changes - The container market for vessels larger than 5,500 TEU strengthened throughout 2019, with increased container volumes across main trade lanes [6] - The company has high charter coverage of 86% in terms of operating revenues and 68% in terms of operating days over the next 12 months, which protects strong cash flows [8] - The impact of the coronavirus on world GDP and trade growth is uncertain, but the company expects a short-term demand drop followed by a surge when supply chains resume [7] Company Strategy and Development Direction - The company is committed to investing in operational excellence and technological innovation to maintain its leadership position in the container shipping industry [10] - The successful equity offering in November 2019 has positioned the company to pursue growth initiatives, having already acquired two 8,500 TEU container vessels expected to contribute an incremental $12 million of EBITDA annually [9] - The company plans to benefit from the new IMO 2020 sulfur limits and has completed scrubber installations on 4 out of 11 vessels, enhancing cash flows and contract coverage [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledges near-term headwinds due to the coronavirus but believes long-term fundamentals remain intact, with expectations of a demand surge post-crisis [6][7] - The company is not concerned about the financial health of its largest counterparty, CMA CGM, and has not discussed any amendments to charters [24] - Management expects all scrubber installations to be completed by the second quarter, despite delays caused by the virus outbreak [25] Other Important Information - The company has a contractual minimum debt repayment of $300 million due by the end of 2021, with potential for more debt paydown from excess cash flows [31] - The company is considering reinstating dividends but has deferred decisions due to uncertainties created by the coronavirus [21][23] Q&A Session Summary Question: How much debt is being put against the $53 million in assets from recent acquisitions? - The company is using a 60% loan-to-value ratio for a 5-year loan [18] Question: What are the thoughts around the timing and amount of the first dividend payment? - The decision on dividends has been deferred due to uncertainty from the coronavirus, with the next Board meeting expected in approximately three months [21][22] Question: Are there any risks to contracts with CMA CGM? - Management stated there are no concerns regarding CMA CGM's balance sheet and payments have been timely [24] Question: What percentage of revenues are at risk from market volatility? - The company has 86% charter coverage for the next 12 months, meaning only 12% of revenue is from spot charters, limiting potential revenue impact [29] Question: How many days are expected for off hire due to scrubber installations? - The company expects around 130 to 140 days of off hire for three vessels undergoing scrubber installations [37]

Use these links to rapidly review the document TABLE OF CONTENTS INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...