GasLog Ltd. and GasLog Partners LP 2014 Investor Day
02 Décembre 2014 - 1:00PM
Business Wire
The Management of GasLog Ltd. (NYSE:GLOG) (“GasLog”) and GasLog
Partners LP (NYSE:GLOP) are holding an Analyst and Investor Event
in New York today, commencing at 14:00 EST. The details of the
event can be found below.
As part of the event, GasLog and GasLog Partners senior
management will present the strategic and financial priorities of
both companies as well as provide an insight into the outlook for
the LNG and LNG shipping sectors. The key themes of today’s
presentations are as follows:
- LNG is on a long-term secular growth
trend, with a forecast compound annual growth rate (CAGR) of over
7% between 2014 and 2025(1)
- Industry data forecasts a potential
requirement for an additional 187 LNG carriers by 2020, excluding
the current order book(2)
- GasLog as a leading LNG shipping
franchise with an excellent track record of safe, reliable delivery
is ideally positioned to benefit from this major forecast growth in
the LNG shipping industry
- GasLog Partners went public this year
to accelerate the growth of the consolidated fleet and offers
investors an attractive yield and is targeting a 10-15% CAGR of LP
distribution per unit from IPO forecast for the next several
years
- The combination of GasLog and GasLog
Partners provides the operational platform and financial
flexibility to take advantage of the significant opportunities and
expected growth in LNG markets
As part of today’s presentation, GasLog is launching the
“GasLog 40:17” Vision, which is
our aim to grow the consolidated fleet to 40 vessels by the end of
2017 through a combination of newbuildings and attractive M&A
opportunities.(3)
A fleet of 40 vessels would give the GasLog platform additional
size and scale in this growing market. As long-term charters are
placed against new vessels, the visible pipeline of dropdown assets
for GasLog Partners would increase, driving both its LP and GP
distribution growth and we believe this results in a compelling sum
of the parts valuation for GasLog Ltd. through its ownership
interest in the LP and GP interests and Incentive Distribution
Rights in GasLog Partners.
Full details of the event can be found below:
Date: December 2, 2014 Venue: Pierre Hotel
Address: 2 East 61st Street New York NY 10065-8402 Start
time: 14:00 registration for 14:15 start Reception: 17:00
onwards
The presentation will be webcast live on the websites of GasLog
Ltd. (www.gaslogltd.com) and GasLog Partners (www.gaslogmlp.com).
For those unable to attend in person or listen to the event live, a
replay will be available on both websites following the
presentations.
(1)Source: Wood Mackenzie Global Gas Service H2 14
(2)Source: Clarksons, September 2014
.(3)Future acquisitions of vessels are subject to various risks
and uncertainties. See “Forward-Looking Statements”.
About GasLog
GasLog is an international owner, operator and manager of
liquefied natural gas (“LNG”) carriers. GasLog’s wholly owned fleet
consists of 20 LNG carriers, including 10 ships in operation and 10
LNG carriers on order, and GasLog has six LNG carriers operating
under its technical management for third parties. GasLog Partners
LP, a master limited partnership formed by GasLog, owns a further
five LNG carriers. GasLog’s principal executive offices are located
at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco.
About GasLog Partners LP
GasLog Partners LP is a growth-oriented master limited
partnership focused on owning, operating and acquiring LNG carriers
under long-term charters. GasLog Partners LP’s fleet consists of
five LNG carriers with an average carrying capacity of 151,000 cbm,
each of which has a multi-year charter. GasLog Partners’ executive
offices are located at Gildo Pastor Center, 7 Rue du Gabian, MC
98000, Monaco.
Forward-Looking Statements
This press release contains “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995.
The reader is cautioned not to rely on these forward-looking
statements. All statements, other than statements of historical
facts, that address activities, events or developments that GasLog
and GasLog Partners expect, project, believe or anticipate will or
may occur in the future, including, without limitation, future
operating or financial results and future revenues and expenses,
future, pending or recent acquisitions, general market conditions
and shipping industry trends, the financial condition and liquidity
of the Company, cash available for dividend payments or
distributions, future capital expenditures and drydocking costs and
newbuild vessels and expected delivery dates, are forward-looking
statements. These statements are based on current expectations of
future events. If underlying assumptions prove inaccurate or
unknown risks or uncertainties materialize, actual results could
vary materially from our expectations and projections. Risks and
uncertainties include, but are not limited to, general LNG and LNG
shipping market conditions and trends, including charter rates,
ship values, factors affecting supply and demand of LNG and LNG
shipping, technological advancements and opportunities for the
profitable operation of LNG carriers; our ability to enter into
time charters with our existing customers as well as new customers;
our contracted charter revenue; our customers’ performance of their
obligations under our time charters and other contracts; the effect
of volatile economic conditions and the differing pace of economic
recovery in different regions of the world; future operating or
financial results and future revenues and expenses; our future
financial condition and liquidity; 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 obligations under our credit facilities;
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 relating to
distributions of available cash and our ability to make such
distributions; our ability to enter into shipbuilding contracts for
newbuildings and our expectations about the availability of
existing LNG carriers to purchase, as well as our ability to
consummate any such acquisitions; 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; our anticipated general and
administrative expenses; fluctuations in currencies and interest
rates; our ability to maintain long-term relationships with major
energy companies; expiration dates and extensions of our time
charters; our ability to maximize the use of our ships, including
the re-employment or disposal of ships no longer under time charter
commitments; environmental and regulatory conditions, including
changes in laws and regulations or actions taken by regulatory
authorities; our continued compliance with requirements imposed by
classification societies; risks inherent in ship operation,
including the discharge of pollutants; availability of skilled
labor, ship crews and management; potential disruption of shipping
routes due to accidents, political events, piracy or acts by
terrorists; and potential liability from future litigation. A
further list and description of these risks, uncertainties and
other factors can be found with respect to GasLog in its Annual
Report filed with the SEC on March 27, 2014, and with respect to
GasLog Partners, in its registration statement on Form F-1 (File
No. 333-198133). Copies of the Annual Report and the Form F-1 are
available online at www.sec.gov. We do not undertake to update any
forward-looking statements as a result of new information or future
events or developments except as may be required by law.
GasLog Ltd. / GasLog Partners LPJamie Buckland,
+377-9797-5118Head of Investor Relations
GasLog (NYSE:GLOG)
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