Dorian LPG : Third Quarter 2025 Investor Highlights

Published: 2025-01-31 06:13:08 ET LPG

Investor Highlights

January 2025

Investor Highlights - 3Q FY25 Earnings

Baltic VLGC Index Performance

Helios LPG Information

•

$ 35,965

−

Helios Pool TCE / Available Day

•

$ 33,242

−

Helios Pool Spot + COA TCE / Available Day

Dorian LPG Operating Statistics

•

$ 36,071

−

Fleet TCE / Available Day

•

$ 11,097

− Fleet OpEx (reported) / Calendar Day

•

$ 10,161

−

Fleet OpEx (ex drydock) / Calendar Day

Source: Baltic Exchange

Cash and Debt Balances at 12/31/20241

Cash

314.5

Restricted Cash

0.1

Total Cash & Restricted Cash

314.6

Note: Excludes $50.0mm of cash liquidity available through undrawn revolving credit facility

Available-for-sale debt securities

10.0

2023 A&R Debt Facility

190.0

Japanese Financings

320.0

BALCAP Facility

60.3

Total Debt Obligations

570.3

1. Numbers may not sum due to rounding

Time Chartered-Out Fleet - Through Helios LPG Pool

Helios Fleet Currently Comprises 29 vessels, 25 of which are from Dorian LPG

Dorian LPG

Capacity

Time

Built

Scrubber

Employment

Charter-Out

Vessel Name

(Cbm)

Expiration1

Helios Pool TC Out (5 VLGCs):

Cougar

84,000

2015

Pool-TCO2

Q2 2025

Cresques

84,000

2015

Scrubber

Pool-TCO2

Q2 2025

Chaparral

84,000

2015

Pool-TCO2

Q2 2025

Challenger

84,000

2015

Scrubber

Pool-TCO2

Q3 2026

Commodore

84,000

2015

Pool-TCO2

Q2 2027

East - West Arbitrage

USGC Propane Spot Delivered Prices vs CFR Far East

Source: NGLS

Global Seaborne Volumes

Global Liftings Up 0.2% Q/Q; 2024 Up 6% Y/Y

U.S. Waterborne Exports Up 2% Q/Q; 2024 +10% Y/Y

M. E. Waterborne Exports Down 7.2% Q/Q; 2024 Up 2% Y/Y

Source: Platts

Note: Quarters are calendar quarters; Numbers may not sum due to rounding

Environment & Sustainability

Fuel Efficiency and Emissions Management

Sustainability and GHG Strategy (short-term)

The Dorian LPG fleet exceeds IMO's EEXI/CII regulations, which came into effect in January 2023; following measures are applied:

Environmental and Sustainability Strategy (mid-/long-term)

Investor Highlights - 3Q FY25 Statement of Cash Flow

Cash flows from operating activities:

Net income

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

Non-cash lease expense

Amortization of financing costs

Unrealized (gain)/loss on derivatives

Stock-based compensation expense

Unrealized foreign currency loss, net

Other non-cash items, net

Changes in operating assets and liabilities

Trade receivables, inventories, prepaid expenses, and other current and non-current assets Due from related parties

Operating lease liabilities-current and long-term Trade accounts payable

Accrued expenses and other liabilities Due to related parties

Payments for drydocking costs

Net cash provided by operating activities

Cash flows from investing activities:

Payments for vessel under construction and other capital expenditures for vessels

Purchase of investment securities Proceeds from sale of investment securities

Net cash used in investing activities

Cash flows from financing activities:

Repayment of long-term debt borrowings

Repurchase of common stock

Dividends paid

Net cash used in financing activities

Effects of exchange rates on cash and cash equivalents

Net increase / (decrease) in cash, cash equivalents, and restricted cash Cash, cash equivalents, and restricted cash at the beginning of the period Cash, cash equivalents, and restricted cash at the end of the period

Three Months Ended

(Unaudited)

December 31, 2024

December 31, 2023

21,361,828

99,972,913

17,497,383

17,380,846

8,170,251

7,715,214

302,302

300,949

(2,865,617)

6,070,320

1,701,724

1,384,080

90,330

43,097

720,020

(1,120,005)

399,395

(2,628,926)

(12,674,427)

(44,573,418)

(8,170,625)

(7,713,459)

699,397

(2,160,724)

(1,536,986)

(3,116,856)

1,826,813

142,351

(3,262,949)

(1,054,609)

24,258,839

70,641,773

(2,842,533)

(600,027)

(213,592)

(3,972,302)

4,029,944

(3,056,125)

(542,385)

(13,399,490)

(13,290,762)

(62,857)

(42,579,287)

(40,355,507)

(55,978,777)

(53,709,126)

(112,903)

28,627

(34,888,966)

16,418,889

349,494,604

192,118,647

314,605,638

208,537,536

OUR MISSION IS TO ARRANGE SAFE, RELIABLE, CLEAN AND

TROUBLE-FREE TRANSPORTATION

Thank You

Disclaimer

Dorian LPG Ltd. published this content on January 31, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on January 31, 2025 at 11:12:21.246.