Safe Bulkers(SB) - 2022 Q3 - Earnings Call Presentation

Financial Highlights - As of September 30, 2022, Safe Bulkers Inc had $265.9 million in liquidity, comprising $121.7 million in cash, cash equivalents, bank time deposits and restricted cash, and $144.3 million in undrawn borrowing capacity[6,7] - Safe Bulkers Inc had contracted revenue of approximately $327.2 million, net of commissions, from non-cancellable spot and period time charter contracts excluding the scrubber benefit as of September 30, 2022[6,7] - The company's leverage was 35% as of Q3 2022[6] - The company's annualized dividend yield was 8.1% based on a common stock price of $2.47 per share as of September 30, 2022[6,7] - As of September 30, 2022, the company had $447.9 million of outstanding consolidated debt[44,45] Fleet and Environmental Upgrades - Safe Bulkers Inc's fleet consists of 44 dry bulk vessels[11] - The company plans to have 21 vessels environmentally upgraded by the end of 2023[12,13] - All 44 vessels will have BWTS (Ballast Water Treatment Systems) by the end of 2022[12,13] - All 8 Capesize vessels will have scrubbers by the end of 2023[13] Market and Industry - The Baltic Capesize Index (BCI) 5TC was at $12,379/day as of November 8[36,37] - The company has repurchased 28 million common shares, representing 56% of the authorized buyback program as of November 4, 2022[40,41]