Financial Data and Key Metrics Changes - The company's net revenues for Q4 2023 were $39.4 million, a 38% increase year-on-year, with adjusted EBITDA at $23.9 million and net income at $10.8 million [4][51] - For the full year 2023, net revenues totaled $110.2 million, slightly lower than the previous year, with adjusted EBITDA of $53 million and net income of $2.3 million [5][7] - The cash position at the end of 2023 was strong at $24.9 million, approximately $1.5 million per vessel, despite consistent dividend payments and share buybacks [6][11] Business Line Data and Key Metrics Changes - The average time charter equivalent (TCE) for 2023 was $17,500, outperforming the BCI by approximately 7% [5][58] - The company achieved an adjusted EBITDA margin of 48% for the year, consistent with the previous year's performance [9] Market Data and Key Metrics Changes - The ton-mile demand for Capesize cargoes in 2023 was 6% higher than in 2022, with significant increases in iron ore, coal, and bauxite cargoes [15] - The Capesize market strengthened considerably in Q4 2023, leading to the highest BCI average rate in over a decade [16][50] - The overall net Capesize fleet growth is expected to be around 2.5% in 2024, lower than the projected ton-mile demand growth [68] Company Strategy and Development Direction - The company is focused on rewarding shareholders through capital returns, investing in fleet growth, and maintaining a strong balance sheet [18][56] - The strategic decision to increase the number of vessels managed in-house has contributed to operational efficiency [8] - The company plans to enhance its interest margin profile through financing for its latest Capesize acquisition [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about profitability in 2024, anticipating a significant increase in EBITDA, potentially reaching close to $115 million [14] - The demand for Capesize vessels is expected to remain strong due to ongoing infrastructure investments and a recovering global manufacturing sector [67] - Management noted that the effective supply of vessels will significantly influence freight rates in 2024 [90] Other Important Information - The company declared a total cash dividend of $0.10 per share for Q4 2023, including a special dividend of $0.075 [53] - The company successfully repaid its last outstanding convertible note of $3.2 million, simplifying its capital structure [55] Q&A Session Summary Question: When is the special dividend payable? - The special dividend is expected to be payable around April 10 [72] Question: Can you discuss the recent acquisition and deal flow in the market? - The company has seen significant transaction activity recently, with older ships being sold at firm values, indicating a strong market position for their recent acquisition [24] Question: Will the $34 million expenditure for the Iconship acquisition fall into the second quarter? - Yes, the full expenditure and delivery of the vessel are expected by the end of the second quarter [28] Question: What are the plans for dry docking ships in 2024? - The dry docking schedule for 2024 is expected to be light and manageable [29] Question: Can you explain the rise in interest and other income in Q4? - There are no major items expected in the interest and other income line, with interest expenses remaining stable [30] Question: What is the outlook for demand and supply in the Capesize market? - Demand remains strong, with expectations of continued healthy demand in 2024, influenced by effective vessel supply and geopolitical factors [32][90]

Exhibit 99.1 1 Adjusted earnings / (loss) per share, Adjusted Net Income / (loss), EBITDA and Adjusted EBITDA are non-GAAP measures. Please see the reconciliation below of Adjusted earnings / (loss) per share, Adjusted Net Income / (loss), EBITDA and Adjusted EBITDA to net income, the most directly comparable U.S. GAAP measure. 2 All references to number of shares, share prices, warrant prices and "per share" figures in this document are adjusted to reflect the one-for-ten reverse stock split effected on Fe ...

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Q3 2023 Earnings Conference Call November 14, 2023 9:30 AM ET Company Participants Stamatis Tsantanis - Chairman & Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Kristoffer Barth Skeie - Arctic Securities Michael Heim - NOBLE Capital Markets Operator Thank you for standing by, ladies and gentlemen, and welcome to the Seanergy Maritime Holdings Corp. Conference Call on the Third Quarte ...

Exhibit 99.1 Seanergy Maritime Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023 and Declares Dividend of $0.025 Per Share | Highlights | | | | | | --- | --- | --- | --- | --- | | (in million USD, except EPS) | Q2 2023 | Q2 2022 | 6M 2023 | 6M 2022 | | Net Revenues | $28.3 | $32.8 | $46.4 | $62.5 | | Net income / (loss) | $0.7 | $5.9 | $(3.5) | $9.6 | | 1 Adjusted net income | $3.4 | $7.1 | $3.1 | $14.8 | | EBITDA1 | $12.7 | $16.1 | $20.9 | $29.0 | | Adjusted EBITDA1 | $15. ...

$80.0 65.8% Adj. EBITDA as part of Revenue 64.3% I Adj. EBITDA Gross Revenue - - Adj. EBITDA Margin $70.0 55.7% 54.8% 54.5% $58.9 Mil. 50.8% $60.0 44.3% $50.0 Mil. $50.0 39.1% 37.5% $40.0 $34.1 Mil. $34.2 Mil. $30.8 Mil. $28.6 Mil. $28.9 Mil. $28.1 Mil. $30.0 21.7/% $21.2 Mil. $18 Mil. $20.0 $38.8 Mil. $32.2 Mil. $10.0 $19 Mil. $17.3 Mil. $ 16.8 Mil. $15.7 Mil. $12.5 Mil. $11.3 Mil. $7.9 Mil. $3.9 Mil. $0.0 2Q 2023 1Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 2Q 2021 70.0% 60.0% 50.0% 40. ...

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET Company Participants Stamatis Tsantanis - Chairman & Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group Operator Thank you for standing by, ladies and gentlemen, and welcome to the Seanergy Maritime Holdings Corp. Conference Call on the Second Quarter Ended 30th June, 2023 Financial Results. We have with us, Mr. Stamatis Tsantanis ...

Seanergy Maritime Reports Financial Results for the First Quarter Ended March 31, 2023 and Declares Quarterly Dividend of $0.025 Per Share | Highlights | | | | --- | --- | --- | | (in million USD, except EPS) | Q1 2023 | Q1 2022 | | Net Revenues | $18.0 | $29.7 | | Net (loss) / income | $(4.2) | $3.7 | | 1 Adjusted net (loss) / income | $(0.3) | $7.7 | | EBITDA1 | $8.2 | $12.8 | | Adjusted EBITDA1 | $3.9 | $16.8 | | 1,2 | | | | (Loss) / earnings per Share Basic | $(0.23) | $0.21 | | (Loss) / earnings per Sh ...

Conference Call Participants Operator The archived webcast of the conference call will soon be made available on the Seanergy website www.seanergymaritime.com. Many of the remarks today contain forward-looking statements based on current expectations. Actual results may differ materially from the results projected from those forward-looking statements. Additional information concerning factors that can cause the actual results to differ materially from those in the forward-looking statements is contained in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F | (Mark One) | | | --- | --- | | ☐ | REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(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, 2022 | | | OR | | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE | | | SECURITIES EXCHANGE ACT OF 1934 | | | OR | | ☐ | SHELL ...

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Q4 2022 Earnings Call Transcript March 14, 2023 10:00 AM ET Company Participants Stamatis Tsantanis - Chairman & Chief Executive Officer Stavros Gyftakis - Chief Financial Officer Conference Call Participants Tate Sullivan - Maxim Group J Mintzmyer - Value Investor's Edge Kristoffer Skeie - Arctic Operator Thank you for standing by, ladies and gentlemen, and welcome to the Seanergy Maritime Holdings Corp. Conference Call on the Fourth Quarter and Year Ended 31 ...