Q4 2024 EARNINGS PRESENTATION MV PEDHOULAS FARMER EEDI-PHASE 3 – IMO NOx TIER III KAMSARMAX DELIVERED JULY 2024 1 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1934, as amended, and in Section 21E of the Securities Act of 1933, as amended) including, among other items, statements concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions ...

Core Viewpoint - Safe Bulkers, Inc. reported its unaudited financial results for the fourth quarter and the full year of 2024, highlighting a decrease in net revenues and net income compared to the same periods in 2023, alongside a cash dividend declaration of $0.05 per share [1][11]. Financial Performance - Net revenues for Q4 2024 were $71.5 million, down 13% from $82.3 million in Q4 2023 [2][49]. - Net income for Q4 2024 was $19.4 million, a decrease from $27.6 million in Q4 2023 [2][49]. - Adjusted net income for Q4 2024 was $18.1 million, compared to $29.5 million in Q4 2023 [2][49]. - EBITDA for Q4 2024 was $41.9 million, down from $48.8 million in Q4 2023 [2][49]. - Adjusted EBITDA for Q4 2024 was $40.7 million, compared to $50.7 million in Q4 2023 [2][49]. Operational Metrics - Average daily time charter equivalent (TCE) rate for Q4 2024 was $16,521, down from $18,321 in Q4 2023 [3][21]. - Daily vessel operating expenses increased by 9% to $5,047 in Q4 2024 compared to $4,642 in Q4 2023 [3][57]. - Daily general and administrative expenses rose by 12% to $1,650 in Q4 2024 from $1,473 in Q4 2023 [3][58]. Fleet and Capital Structure - The company operated an average of 45.90 vessels in Q4 2024, slightly down from 45.93 vessels in Q4 2023 [21][49]. - As of December 31, 2024, total cash was $135.9 million, and total debt was $536.6 million [8][26]. - The fleet consisted of 46 vessels with an average age of 9.99 years [9][17]. Environmental Initiatives - The company is investing in environmental upgrades and newbuilds to comply with IMO regulations, with a total capital expenditure of approximately $662.1 million planned for the newbuild program [14][15]. - As of February 14, 2025, 25 existing vessels have been upgraded for increased energy efficiency [15]. Dividend and Share Repurchase - The Board declared a cash dividend of $0.05 per share, payable on March 21, 2025 [37]. - In November 2024, the company authorized a share repurchase program for up to 5 million shares, representing approximately 4.7% of outstanding shares [12].

Core Points - Safe Bulkers, Inc. will release its fourth quarter results for the period ending December 31, 2024, after market closes on February 18, 2025 [1] - A conference call to discuss the financial results will be held on February 19, 2025, at 9:00 A.M. Eastern Time [2] Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [6] - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" respectively [6]

Group 1 - Modernization and cost-efficiency are essential for success in the dry bulk shipping industry, with liquidity being crucial for sustainability [1] - Safe Bulkers, Inc. (NYSE: SB) demonstrates strong performance and prudent investments, positioning itself favorably within the industry [1] Group 2 - The analyst has experience in logistics and stock investing, focusing on various sectors including banks, telecommunications, logistics, and hotels [1] - The analyst has diversified investments across different industries and market capitalizations, including holdings in US banks, hotels, shipping, and logistics companies [1]

Core Viewpoint - Safe Bulkers (NYSE: SB) is highlighted as a promising investment opportunity in the dry bulk shipping sector, with a market capitalization of $380 million, making it a notable player in the industry [1]. Company Overview - Safe Bulkers is characterized as a "David" among dry bulk shippers, suggesting it is a smaller yet potentially high-performing company within a competitive market [1]. Investment Philosophy - The article emphasizes the importance of knowledge in achieving significant returns, both financially and personally, indicating a belief in thorough research and analysis as key components of successful investing [1]. Focus Areas - The primary focus of the analysis includes REITs, shipping, and value/growth small-cap stocks, with a noted indifference towards megacap stocks, suggesting a strategy that favors smaller, potentially undervalued companies [1].

1 Q3 2024 EARNINGS PRESENTATION MV PEDHOULAS FARMER EEDI-PHASE 3 – IMO NOx TIER III KAMSARMAX DELIVERED JULY 2024 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1934, as amended, and in Section 21E of the Securities Act of 1933, as amended) including, among other items, statements concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions ...

Safe Bulkers, Inc. (NYSE:SB) Q3 2024 Earnings Conference Call November 14, 2024 9:00 AM ET Company Participants Polys Hajioannou - Chairman and CEO Dr. Loukas Barmparis - President Konstantinos Adamopoulos - Chief Financial Officer Conference Call Participants Emily Harkins - Jefferies Operator Ladies and gentlemen, thank you for standing by. And welcome to the Safe Bulkers Conference Call on the Third Quarter 2024 Financial Results. We have with us Mr. Polys Hajioannou, Chairman and Chief Executive Officer ...

Core Viewpoint - Safe Bulkers reported quarterly earnings of $0.16 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.08 per share a year ago [1] - The company posted revenues of $70.5 million for the quarter, missing the Zacks Consensus Estimate by 9.06%, but up from $58.7 million year-over-year [2] Group 1: Earnings Performance - Safe Bulkers' earnings of $0.16 per share were in line with expectations, but the company had previously projected earnings of $0.18 per share, resulting in a surprise of -5.56% when actual earnings were $0.17 [1] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [1] Group 2: Revenue Analysis - The reported revenue of $70.5 million for the quarter was below the consensus estimate, indicating a potential concern for future performance [2] - The company has exceeded consensus revenue estimates two times in the last four quarters [2] Group 3: Stock Performance and Outlook - Safe Bulkers shares have increased by approximately 10.7% since the beginning of the year, while the S&P 500 has gained 25.5% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for earnings revisions [3][4] Group 4: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $82.31 million, and for the current fiscal year, it is $0.69 on revenues of $314.48 million [7] - The Transportation - Shipping industry, to which Safe Bulkers belongs, is currently ranked in the bottom 17% of Zacks industries, which may negatively impact stock performance [8]

Wall Street expects a year-over-year increase in earnings on higher revenues when Safe Bulkers (SB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the sto ...

MONACO, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced the election of three Class I directors at the Company's annual meeting of stockholders held in Monaco today. Polys Hajioannou, Ioannis Foteinos and Ole Wikborg were elected Class I directors. The Class I directors were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their respective successor ...