GasLog Ltd. and GasLog Partners' 2016 Investor Presentation
20 June 2016 - 9:11PM
GasLog Ltd. ("GasLog" or the "Company") (NYSE: GLOG) and GasLog
Partners LP ("GasLog Partners") (NYSE: GLOP) are holding an
investor presentation in New York today at 16:00 EDT. Senior
management from GasLog and GasLog Partners will present an update
on the LNG and LNG shipping market outlook, the strong company
fundamentals and our differentiated growth strategy. The
presentation will be followed by a question and answer session and
cocktail reception.
The highlights of today's presentation are as
follows:
- GasLog continues to adapt to changing LNG and LNG shipping
markets to execute on its strategy
- GasLog has actively managed its balance sheet to protect
shareholder value during this cyclical downturn in the short term
LNG shipping market and to position the company for future growth
opportunities as the markets rebound
- This is demonstrated by the $1.05 billion "Legacy Facility
Re-financing" announced separately today and the $90 million
Norwegian bond issue announced last week
- GasLog continues to make positive progress with its floating
storage, re-gasification unit ("FSRU") strategy and is in
discussion on a number of potential FSRU opportunities
- GasLog Ltd. reaffirms its ongoing support of GasLog Partners as
its preferred funding vehicle
- GasLog Partners continues to target a 10-15% CAGR of LP
distribution per unit from IPO for the next several years
Event Details:
Date:
June 20, 2016
Venue:
Pierre Hotel
Address:
2 East 61st Street
New York, NY 10065
Registration: 15:45
EDT
Start
time:
16:00 EDT
Reception:
17:30 EDT onwards
The presentation will be webcast live on the
websites of GasLog Ltd. (www.gaslogltd.com) and GasLog Partners
(www.gaslogmlp.com). A replay will be available on both websites
following the presentation.
About GasLog Ltd.
GasLog is an international owner, operator and
manager of LNG carriers. GasLog's fully-owned fleet includes 18 LNG
carriers (including 11 ships in operation and seven LNG carriers on
order) and GasLog has four LNG carriers operating under its
technical management for third parties and a vessel secured under a
long-term bareboat charter from Lepta Shipping, a subsidiary of
Mitsui. GasLog's principal executive offices are at Gildo
Pastor Center, 7 Rue du Gabian, MC 98000, Monaco.
About GasLog Partners
GasLog Partners is a growth-oriented master
limited partnership focused on owning, operating and acquiring LNG
carriers under long-term charters. GasLog Partners' fleet consists
of eight LNG carriers with an average carrying capacity of 148,750
cbm, each of which has a multi-year time charter. GasLog Partners'
executive offices are located at Gildo Pastor Center, 7 Rue du
Gabian, MC 98000, Monaco.
Contacts
Jamie Buckland
Head of Investor Relations
Phone: +44-203-388-3116
Email: ir@gaslogltd.com
Samaan Aziz
Investor Relations Manager
Phone: +1-212-223-0643
Email: ir@gaslogmlp.com
Forward Looking Statements
All statements in this presentation that are not
statements of historical fact are "forward-looking statements"
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements that
address activities, events or developments that GasLog Ltd. or
GasLog Partners expects, projects, believes or anticipates will or
may occur in the future, particularly in relation to GasLog Ltd. or
GasLog Partners' operations, cash flows, financial position,
liquidity and cash available for dividends or distributions, plans,
strategies, business prospects and changes and trends in GasLog
Ltd. or GasLog Partners' business and the markets in which it
operates. The GasLog and GasLog Partners cautions that these
forward-looking statements represent estimates and assumptions only
as of the date of this report, about factors that are beyond its
ability to control or predict, and are not intended to give any
assurance as to future results. Any of these factors or a
combination of these factors could materially affect future results
of operations and the ultimate accuracy of the forward-looking
statements. Accordingly, you should not unduly rely on any
forward-looking statements.
Factors that might cause future results and
outcomes to differ for GasLog Ltd. and GasLog Partners include, but
are not limited to, the following:
- general liquefied natural gas ("LNG") shipping market
conditions and trends, including spot and long-term charter rates,
ship values, factors affecting supply and demand of LNG and LNG
shipping, technological advancements and opportunities for the
profitable operations of LNG carriers;
- our ability to enter into time charters with new and existing
customers;
- changes in the ownership of our charterers;
- our customers' performance of their obligations under our time
charters and other contracts;
- our future operating performance, financial condition,
liquidity and cash available for dividends and distributions;
- future, pending or recent acquisitions of ships or other
assets, business strategy, areas of possible expansion and expected
capital spending or operating expenses;
- our expectations about the time that it may take to construct
and deliver newbuildings and the useful lives of our ships;
- number of off-hire days, drydocking requirements and insurance
costs;
- fluctuations in currencies and interest rates;
- our ability to maintain long-term relationships with major
energy companies;
- our ability to maximize the use of our ships, including the
re-employment or disposal of ships no longer under time charter
commitments, including the risk that our vessels may no longer have
the latest technology at such time;
- environmental and regulatory conditions, including changes in
laws and regulations or actions taken by regulatory
authorities;
- the expected cost of, and our ability to comply with,
governmental regulations and maritime self-regulatory organization
standards, requirements imposed by classification societies and
standards imposed by our charterers applicable to our
business;
- risks inherent in ship operation, including the discharge of
pollutants;
- potential disruption of shipping routes due to accidents,
political events, piracy or acts by terrorists;
- potential liability from future litigation;
- our business strategy and other plans and objectives for future
operations;
- any malfunction or disruption of information technology systems
and networks that our operations rely on or any impact of a
possible cybersecurity breach
Additional factors that might cause future
results and outcomes to differ for GasLog Ltd. include, but are not
limited to, the following:
- continued low prices for crude oil and petroleum products;
- our ability to obtain financing to fund capital expenditures,
acquisitions and other corporate activities, funding by banks of
their financial commitments, and our ability to meet our
restrictive covenants and other obligations under our credit
facilities;
- availability of skilled labor, ship crews and management;
and
- other risks and uncertainties described in the Company's Annual
Report on Form 20-F filed with the SEC on March 14, 2016 and
available at http://www.sec.gov.
Additional factors that might cause future
results and outcomes to differ for GasLog Partners include, but are
not limited to, the following:
- our ability to leverage GasLog Ltd.'s relationships and
reputation in the shipping industry;
- our ability to purchase vessels from GasLog Ltd. in the
future;
- our ability to obtain financing to fund capital expenditures,
acquisitions and other corporate activities, funding by banks of
their financial commitments, funding by GasLog Ltd. of the
revolving credit facility with GasLog Ltd. entered into upon
consummation of the IPO and our ability to meet our restrictive
covenants and other obligations under our credit facilities;
- GasLog Ltd.'s ability to retain key employees and provide
services to us, and the availability of skilled labor, ship crews
and management; and
- other risks and uncertainties described in GasLog Partners'
Annual Report on Form 20-F filed with the SEC on February 12, 2016,
available at http://www.sec.gov.
The GasLog Ltd. and Gaslog Partners undertake no
obligation to update or revise any forward-looking statements
contained in this presentation, whether as a result of new
information , future events, a change in our views or expectations
or otherwise. New factors emerge from time to time, and it is not
possible for us to predict all of these factors. Further, the
Partnership cannot assess the impact of each such factor on its
business or the extent to which any factor, or combination of
factors, may cause actual results to be materially different from
those contained in any forward-looking statement.
The declaration and payment of distributions are
at all times subject to the discretion of our board of directors
and will depend on, amongst other things, risks and uncertainties
described above, restrictions in our credit facilities, the
provisions of Bermuda law for GasLog Ltd. and Marshall Islands law
for GasLog Partners and such other factors as GasLog Ltd.'s and
Gaslog Partners' boards of directors may deem relevant.
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