SECOND QUARTER 2022 EARNINGS CONFERENCE CALL PRESENTATION 1 SAFE HARBOR 2 This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea's and managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expr ...

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Q2 2022 Earnings Conference Call August 10, 2022 8:00 AM ET Company Participants Emily Blum - IR, Prosek Partners Mark Filanowski - CEO Gianni Del Signore - CFO Mads Boye Petersen - Chief Operating Officer Conference Call Participants Liam Burke - B. Riley Michael Heim - Noble Capital Markets Poe Fratt - Alliance Global Partners Climent Molins - Value Investor's Edge Operator Good morning. My name is Katie, and I will be your conference operator today. At this ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36798 PANGAEA LOGISTICS SOLUTIONS LTD. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of in ...

FIRST QUARTER 2022 EARNINGS CONFERENCE CALL PRESENTATION 1 SAFE HARBOR 2 This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea's and managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expre ...

Financial Data and Key Metrics Changes - The company reported a quarterly net income of $20.1 million or $0.45 per share, compared to $5.8 million or $0.13 per share for the same period in 2021, indicating significant growth [4][13] - Adjusted EBITDA for the quarter was $31.3 million, with adjusted net income of $15.7 million, reflecting strong operational performance despite market volatility [9] - Average net time charter equivalent (TCE) earned was $26,472 per day, an increase of over 60% compared to Q1 2021, exceeding the market by approximately 17% [9][10] Business Line Data and Key Metrics Changes - Voyage revenues increased approximately 62% to $176 million, while charter revenues decreased approximately 5% to $15.4 million due to a shift towards more voyage charters [10] - Charter expenses paid to third-party ship-owners increased to $77.7 million from $53.6 million, a 45% increase driven by rising market rates [10] - Total chartering days decreased by 19% as the expansion of the owned fleet reduced the need for additional vessels [11] Market Data and Key Metrics Changes - The second-quarter time charter equivalent booked indicates a rate of $29,400 per day, reflecting continued market strength [4] - The company noted that the supply of new ships is constrained, and the existing global fleet is stretched due to high fuel prices and increased tonne-mile demand [5] Company Strategy and Development Direction - The company plans to enhance its logistics efforts at U.S. ports and is participating in infrastructure cargo projects, including stevedoring break-bulk solar components and cement [8] - The company aims to differentiate its business model and performance from peers, focusing on productivity and effective asset utilization [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market, citing strong demand and favorable conditions for the remainder of the year, particularly during the summer ice season [4][5] - The company remains cautious but encouraged by its strategic position and ability to capitalize on improving market fundamentals [7] Other Important Information - The Board has decided to increase the quarterly dividend by 50% for the June payment date, marking the second increase this year and the sixth consecutive dividend payment [5][14] - The company recognized a $3 million book loss on impairment during the quarter but expects positive cash flow from the sale of the Bulk Pangaea [10][13] Q&A Session Summary Question: Future rates and asset values with growing traffic - Management noted tightness in the markets and favorable rates, with expectations for continued strength in ship values [18][20] Question: Motivation behind selling the Bulk Pangaea - The decision was based on trading the older vessel for a newer one to fulfill long-term contract obligations [22][23] Question: Incremental CapEx for new projects - Management indicated that improvements would require some CapEx, but it is built into the funding for the contract [30] Question: Capital allocation priorities and dividend policy - The Board prefers to retain flexibility in capital allocation and has not committed to a formal dividend policy [31] Question: Concerns in the marketplace - Management acknowledged the dynamic nature of the market but noted increased ton-mile demand balancing out uncertainties [48][49]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36798 PANGAEA LOGISTICS SOLUTIONS LTD. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of i ...

FOURTH QUARTER 2021 EARNINGS CONFERENCE CALL PRESENTATION 1 SAFE HARBOR 2 This presentation includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth and future acquisitions. These statements are based on Pangaea's and managements' current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expr ...

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Q4 2021 Results Earnings Conference Call March 17, 2022 8:00 AM ET Company Participants Emily Blum - Investor Relations, Prosek Partners Mark Filanowski - Chief Executive Officer Gianni Del Signore - Chief Financial Officer Mads Boy Petersen - Chief Operating Officer Conference Call Participants Liam Burke - B. Riley Poe Fratt - Noble Capital Operator Good morning. My name is Katherine, and I will be your conference operator today. At this time, I would like t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Shares, $0.0001 par value | PANL | The Nasdaq Stock Market LLC | Bermuda 98-1205464 (I.R.S. Employer Identification Number) Securities registered pursuant to Section 12(g) of the ...

Pangaea Logistics Solutions, Ltd. (NASDAQ:PANL) Q3 2021 Results Earnings Conference Call November 10, 2021 8:00 AM ET Company Participants Emily Blum - Investor Relations, Prosek Partners Mark Filanowski - Interim Chief Executive Officer Gianni Del Signore - Chief Financial Officer Mads Boye Petersen - Managing Director Conference Call Participants Liam Burke - B. Riley Poe Fratt - Noble Capital Markets Charles Porter - Private Investor Operator Good morning. My name is Ashley and I will be your conference ...