Interim Results Presentation

Braemar Shipping Services Plc

Interim Results

Presentation

Targeted growth strategy

A strong performance in H1

November 2021

Interim Results November 2021			1

Strong performance laying foundations for growth

Strong growth in revenue and		Streamlined business
profit		refocused on Shipbroking

Trading continues in line with		Balance Sheet Strengthened
upgraded expectations

November

2021

Interim Results November 2021			2

New Ambitions

• Double the size of our business over the next 4 years
• Achieve optimum scale and market share
• Utilise our position as a UK listed company

How we achieve this:

• Organic growth
• Targeted acquisitions
• New products coverage
• Utilise technology
• Strengthen our business infrastructure

November

2021

Interim Results November 2021			3

Strategic Progress Since Year End

Board changes

• Nigel Payne, Chairman
• Tris Simmonds, COO
• Elizabeth Gooch, NED

Rescheduling of Naves acquisition liabilities

• £2.5m previously due for repayment before the end of December 2022 deferred to be paid no earlier than September 2025. Further amount of £0.6m to be equity settled
• Balance sheet strengthening and improved short-term liquidity
• Planned integration of Financial and Shipbroking Divisions
• Combined expertise in shipping investment and risk management

November

2021

Interim Results November 2021			4

Strategic Progress Since Year End

Disposal of non-core investment in AqualisBraemar

• Total cash proceeds of £7.9m
• Further balance sheet strengthening

Planned joint venture between the Logistics Division, Cory Brothers, and Vertom

• Significant stake in much larger combined European port agency business
• Prospects for scale and faster growth as a combined business

November

2021