PwC 1 Third Quarter 2022 Results Presentation Disclaimer This presentation does not constitute or form part of, and should not be construed as, an offer to sell or an invitation, solicitation, or inducement to purchase or subscribe for securities with respect to any transaction, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This presentation does not constitute either advice or a recommendation regarding any securities. The finan ...

Financial Data and Key Metrics Changes - Revenue for the first half of 2022 was $308 million, up from $156 million in the prior-year period, representing a 97% increase [26] - Adjusted EBITDA for the first half was $190 million, up from $94 million in the first half of 2021, more than doubling [26] - Normalized income increased from $41.5 million in the first half of 2021 to $137 million in the first half of 2022, a 230% increase [26] Business Line Data and Key Metrics Changes - The company has secured over $1.9 billion of contract cover with an average remaining duration of 2.6 years, indicating strong contract coverage [16][44] - The company has continued to agree to additional charters and extensions in 2022, adding $435 million of contract cover year-to-date [10] Market Data and Key Metrics Changes - Idle capacity in the global fleet remains below 1%, indicating full employment of the fleet [35] - The order book to fleet ratio for midsize and smaller container ships is significantly lower at just over 15%, compared to 52.3% for larger ships [37] Company Strategy and Development Direction - The company is focused on decarbonization by retrofitting existing ships with proven technologies to improve energy efficiency and reduce emissions [11] - The company maintains a conservative and risk-averse approach, extending forward contract cover and building cash liquidity to manage risks and capitalize on opportunities [12][24] - The company is looking at capital allocation opportunities, including returning capital to shareholders through dividends and share buybacks [21][22] Management's Comments on Operating Environment and Future Outlook - The management acknowledges significant uncertainty in the macro environment, including inflation and geopolitical tensions, but emphasizes the strength of the company's business model [7][12] - The management believes that the global fleet is effectively fully employed and that charter markets remain close to cyclical highs, with liners forecasting another year of exceptional earnings in 2022 [46][44] Other Important Information - The company has reduced its average cost of debt from 4.6% at the beginning of the year to under 3.1% [31] - The company has implemented interest rate caps at 0.75% LIBOR for all floating rate debt, providing further financial stability [29] Q&A Session Summary Question: Can you qualify the "wait and see" mode of charters? - Management explained that charters are cautious due to economic uncertainties and are assessing how new regulations will impact fleet operations, leading to a "wait and see" approach [52][56] Question: What does the asset acquisition market look like now? - Management indicated that while they are evaluating sale and leaseback deals, they have not found attractive opportunities for direct ship purchases due to high prices [72][73] Question: How will environmentally related CapEx be managed? - Management stated that investments in decarbonization will be expected to translate into increased EBITDA and enhance asset value, similar to past investments in scrubbers [82] Question: What is the company's stance on share buybacks? - Management confirmed that while they have the authorization for share buybacks, they are currently focused on building cash liquidity and will consider opportunities as they arise [86][87] Question: How does the company view counterparty risk? - Management expressed confidence in the strength of their fixed-rate non-cancelable time charter contracts and the financial health of their counterparties, deeming counterparty default unlikely [92][93]

Global Ship Lease, Inc. (NYSE:GSL) Q1 2022 Results Conference Call May 9, 2022 10:30 AM ET Company Participants | --- | |--------------------------------------------------------| | | | Ian Webber - CEO George Youroukos - Executive Chairman | | Tassos Psaropoulos - CFO | | Tom Lister - Chief Commercial Officer | | Conference Call Participants | | Chris Robertson - Jefferies | | Liam Burke - B. Riley | | J. Mintzmyer - Value Investor's Edge | | Frode Morkedal - Clarksons Securities | Operator Good day and tha ...

Global Ship Lease, Inc. (NYSE:GSL) Q4 2021 Results Conference Call March 2, 2022 10:30 AM ET Company Participants Ian Webber - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Tom Lister - Chief Commercial Officer Conference Call Participants Randy Giveans - Jefferies Liam Burke - B. Riley J. Mintzmyer - Value Investor's Edge Frode Morkedal - Clarksons Securities Operator Good day and thank you for standing by. Welcome to the Global Ship Lease Fourth ...

PwC 1 Third Quarter 2021 Results Presentation Disclaimer This presentation does not constitute or form part of, and should not be construed as, an offer to sell or an invitation, solicitation, or inducement to purchase or subscribe for securities with respect to any transaction, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This presentation does not constitute either advice or a recommendation regarding any securities. The finan ...

Global Ship Lease, Inc. (NYSE:GSL) Q3 2021 Earnings Conference Call November 10, 2021 11:00 AM ET Company Participants Ian Webber – Chief Executive Officer George Youroukos – Executive Chairman Tassos Psaropoulos – Chief Financial Officer Tom Lister – Chief Commercial Officer Conference Call Participants Kevin Uherek – Deutsche Bank Randy Giveans – Jefferies Frode Morkedal – Clarksons Securities Liam Burke – B. Riley Brett Hendrickson – Nokomis Operator Good day and thank you for standing by. Welcome to the ...

PwC 1 Second Quarter 2021 Results Presentation Disclaimer This presentation does not constitute or form part of, and should not be construed as, an offer to sell or an invitation, solicitation, or inducement to purchase or subscribe for securities with respect to any transaction, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This presentation does not constitute either advice or a recommendation regarding any securities. The fina ...

Global Ship Lease, Inc. (NYSE:GSL) Q2 2021 Earnings Conference Call August 5, 2021 10:30 AM ET Company Participants Ian Webber - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Tom Lister - Chief Commercial Officer Conference Call Participants Randy Giveans - Jefferies Frode Morkedal - Clarksons Securities Liam Burke - B. Riley J. Mintzmyer - Value Investor's Edge Joe Kaplan - Whitefort Capital Ian Webber Thank you very much. Thank you. Good morning ...

PwC 1 First Quarter 2021 Results Presentation Disclaimer This presentation does not constitute or form part of, and should not be construed as, an offer to sell or an invitation, solicitation, or inducement to purchase or subscribe for securities with respect to any transaction, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whatsoever. This presentation does not constitute either advice or a recommendation regarding any securities. The finan ...

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 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...