Safe Bulkers(SB)
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Safe Bulkers(SB) - 2022 Q1 - Earnings Call Presentation
2022-05-26 13:02
Safe Bulkers Inc. SAFE BULKERS INC Q1 2022 EARNINGS PRESS RELEASE PRESENTATION MAY 2022 www.safebulkers.com 1 Safe Bulkers Inc. NYSE:SB Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and in the Section 21E of the Securities Act of 1934, as amended) concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering i ...
Safe Bulkers(SB) - 2021 Q4 - Annual Report
2022-03-30 20:39
Apt. D11, Les Acanthes 6, Avenue des Citronniers, MC98000 Monaco (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2022 SAFE BULKERS, INC. (Translation of registrant's name into English) For ...
Safe Bulkers(SB) - 2021 Q4 - Annual Report
2022-03-30 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Jurisdiction of incorporation or organization) Safe Bulkers, Inc. Apt. D11 FORM 20-F (Mark One) Commission File Number 001-34077 SAFE BULKERS, INC. (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrant's name into English) Republic of the Marshall Islands Les Acanthes 6, Avenue des Citronniers MC98000 Monaco (Address of principal executive office) Dr. Loukas Barmparis President Telephone: +30 ...
Safe Bulkers(SB) - 2021 Q4 - Earnings Call Transcript
2022-03-10 21:45
Safe Bulkers, Inc. (NYSE:SB) Q4 2021 Earnings Conference Call March 10, 2022 9:00 AM ET Company Participants Polys Hajioannou - Chairman and CEO Dr. Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citi Ben Nolan - Stifel Randy Giveans - Jeffries Magnus Fyhr - H.C. Wainwright Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen. And welcome to the Safe Bulkers Conference Call to discuss t ...
Safe Bulkers(SB) - 2021 Q4 - Earnings Call Presentation
2022-03-10 16:24
Safe Bulkers Inc. SAFE BULKERS INC Q4 2021 EARNINGS PRESS RELEASE PRESENTATION MARCH 2022 www.safebulkers.com 1 Safe Bulkers Inc. NYSE:SB Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and in the Section 21E of the Securities Act of 1934, as amended) concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering ...
Safe Bulkers Inc (SB) Presents At Capital Link's Company Presentation Series - Slideshow
2022-01-21 11:49
Safe Bulkers Inc. SAFE BULKERS INC INVESTOR PRESENTATION JANUARY 2022 www.safebulkers.com 1 Safe Bulkers Inc. NYSE:SB Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and in the Section 21E of the Securities Act of 1934, as amended) concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time c ...
Safe Bulkers(SB) - 2021 Q3 - Earnings Call Transcript
2021-11-05 11:05
Safe Bulkers, Inc. (NYSE:SB) Q3 2021 Results Earnings Conference Call November 4, 2021 9:00 AM ET Company Participants Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Conference Call Participants James Monigan - Citi Magnus Fyhr - H.C. Wainwright Randy Giveans - Jeffries Operator Thank you for standing by, ladies and gentlemen. And welcome to the Safe Bulkers conference call to discuss the third quarter 2021 financial results. Today, we have with us from Safe Bulkers, Chairma ...
Safe Bulkers(SB) - 2021 Q3 - Earnings Call Presentation
2021-11-04 14:41
u SAFEBULKERS Third Quarter & Nine Months 2021 Financial Results Presentation November 2021 We have a shared responsibility to resolve the crew change crisis. Join us. The Neptune Declaration on Seafarer Wellbeing and Crew Change Forward Looking statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company's growth strategy and mea ...
Safe Bulkers(SB) - 2021 Q2 - Earnings Call Transcript
2021-07-29 19:08
Financial Data and Key Metrics Changes - The company reported net revenues of $81.6 million for Q2 2021, a significant increase from $48.3 million in the same period of 2020, representing a 69% growth [10][31] - Adjusted EBITDA for Q2 2021 was $54.1 million, compared to $6.3 million in Q2 2020 [34] - Adjusted earnings per share for Q2 2021 was $0.31, a recovery from a loss per share of $0.16 in Q2 2020 [34] Business Line Data and Key Metrics Changes - The time charter equivalent rate increased to $21,098 in Q2 2021 from $8,094 in Q2 2020 [31] - Daily vessel operating expenses rose by 3% to $4,874 compared to $4,729 in the same period last year [33] Market Data and Key Metrics Changes - The capesize market is currently trading at approximately $32,000, with a year-to-date average of $24,800, significantly higher than the average of $9,600 for the same period in 2020 [13] - Kamsarmaxes are also performing well, trading at around $32,000 with a year-to-date average of $23,900 compared to $7,900 in 2020 [14] Company Strategy and Development Direction - The company plans to renew about one-fourth of its fleet with Phase 2 compliant newbuilds by 2024 while replacing older vessels with younger second-hand vessels [11] - The company is focused on maintaining a low leverage ratio of around 30% to 35% of assets and aims to create value for shareholders through strategic fleet renewal and deleveraging [48][50] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the strong demand for drybulk vessels due to limited supply and ongoing economic recovery post-COVID-19 [15][24] - The company anticipates that the current favorable market conditions will persist for at least one to two more years, driven by a minimal order book and increasing demand [57] Other Important Information - The company has a strong cash position of $115.6 million as of July 23, 2021, which provides flexibility for future investments and fleet renewal [35] - The company has sold six vessels and ordered eight newbuilds compliant with GHG-EEDI Phase 3 NOx-Tier III standards [10][11] Q&A Session Summary Question: Discussion on new building activity and propulsion systems - Management clarified that while alternative fuels like LNG and ammonia are being discussed, they believe the best available technology is currently conventional fuel systems, with a focus on Phase 3 vessels for future compliance [39][44] Question: Rationale behind the ATM program - The company aims to maintain a low-leverage profile while ensuring a young fleet to remain competitive, which justifies the ongoing asset management program [48][52] Question: Chartering strategy and market strength - Management indicated a preference for spot market charters over long-term agreements due to current market conditions, expecting higher rates in the near future [64][66] Question: Plans for fleet renewal and acquisitions - The company plans to focus on acquiring modern second-hand vessels to replace older ships, as newbuild prices are expected to remain high [71][73]
Safe Bulkers(SB) - 2021 Q2 - Earnings Call Presentation
2021-07-29 16:50
SAFEBULKERS Second Quarter & Six Months 2021 Financial Results Presentation July 2021 We have a shared responsibility to resolve the crew change crisis. Join us. The Neptune Declaration on Seafarer Wellbeing and Crew Change Forward Looking statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company's growth strategy and measures ...