Seanergy Maritime Holdings Corp.

Corporate Presentation

June 2021

email: ir@seanergy.gr | T. +302130181522

Important Disclosures

This document contains forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the Company's management's expectations, hopes, beliefs, intentions or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "possible", "potential", "predict", "project", "should", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to: changes in shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; changes in seaborne and other transportation patterns; changes in the supply of or demand for dry bulk commodities, including dry bulk commodities carried by sea, generally or in particular regions; changes in the number of new buildings under construction in the dry bulk shipping industry; changes in the useful lives and the value of the Company's vessels and the related impact on the Company's compliance with loan covenants; the aging of the Company's fleet and increases in operating costs; the Company's ability to achieve successful utilization of its expanded fleet; changes in the Company's ability to complete acquisitions or dispositions; risks related to the Company's business strategy, areas of possible expansion or expected capital spending or operating expenses; changes to the Company's financial condition and liquidity, including its ability to pay amounts that it owes and obtain additional financing to fund capital expenditures, acquisitions and other general corporate activities; changes in the availability of crew, number of off-hire days, classification survey requirements and insurance costs for the vessels in the Company's fleet; changes in the Company's ability to leverage the relationships and reputation in the dry bulk shipping industry of its managers; changes in the Company's relationships with its contract counterparties, including the failure of any of its contract counterparties to comply with their agreements with the Company; loss of our customers, charters or vessels; damage to the Company's vessels; potential liability from future litigation and incidents involving the Company's vessels; the Company's future operating or financial results; the Company's ability to continue as a going concern; acts of terrorism and other hostilities; changes in global and regional economic and political conditions; risks associated with operations outside the United States; changes in governmental rules and regulations or actions taken by regulatory authorities, particularly with respect to the dry bulk shipping industry; and other factors listed from time to time in the Company's filings with the SEC, including its most recent annual report on Form 20- F. These factors could cause actual results or developments to differ materially from those expressed in any of the forward-looking statements. Consequently, there can be no assurance that actual results or developments anticipated in this document will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. Given these uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

While all the information in this document is believed to be accurate, the Company makes no warranty, express or implied as to the completeness or accuracy of such information, nor can it accept responsibility for errors appearing in the document. Certain information contained herein has been provided by third parties and has not been independently verified, and the Company does not represent or endorse the accuracy or reliability of any such information. This document is subject to revisions and amendments without notice by the Company and without obligation to notify any recipient of any such amendment.

The Company undertakes no obligation to publicly update or revise any forward-looking statement contained in this presentation, whether as a result of new information, future events or otherwise, except as required by law. In light of the risks, uncertainties and assumptions, the forward-looking events discussed in this presentation might not occur, and the Company's actual results could differ materially from those anticipated in these forward-looking statements. The Company has filed a registration statement (including a prospectus) with the US Securities and Exchange Commission (the "SEC") for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents that the Company has filed with the SEC for more complete information about the company. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.

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01.PROFILE01 LEADERProfile

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Seanergy Maritime Holdings Corp.

Seanergy is the only US listed company

with a pure-play Capesize fleet

  • Listed on Nasdaq since 2008 under ticker 'SHIP'
  • Modern, high quality fleet of cape vessels, all built in Japan & S. Korea
  • Strong leadership from experienced management team
  • Solid corporate governance - no related party transactions
  • Longstanding commercial relationships with prominent charterers and major miners
  • Relatively low Capesize acquisition costs and breakevens

Seanergy is best positioned to capture dry bulk capesize upside

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Fleet Profile

Vessel Name

Vessel Class

Year Built

Capacity (dwt) Type of Current Employment(1)

Yard

Partnership

Capesize

2012

179,213

Period T/C

Hyundai

Championship

Capesize

2011

179,238

Period T/C(2)

Sungdong

Lordship

Capesize

2010

178,838

Period T/C(2)

Hyundai

Fellowship

Capesize

2010

179,701

Period T/C

Daewoo

Knightship

Capesize

2010

178,978

Period T/C

Hyundai

Geniuship

Capesize

2010

170,058

Period T/C

Sungdong

Premiership

Capesize

2010

170,024

Period T/C(2)

Sungdong

Squireship

Capesize

2010

170,018

Period T/C(2)

Sungdong

Gloriuship

Capesize

2004

171,314

Period T/C

Hyundai

Hellasship

Capesize

2012

181,325

Period T/C

Imabari

Flagship

Capesize

2013

176,387

Period T/C

Mitsui Engineering

Leadership

Capesize

2001

171,199

Spot Voyage

Koyo - Imabari

Goodship

Capesize

2005

177,536

Spot Voyage

Mitsui Engineering

Patriotship

Capesize

2010

181,709

Period T/C - fixed $31,000/day

Saijo - Imabari

Tradership(3)

Capesize

2006

176,925

TDB

Japan

Worldship(4)

Capesize

2012

181,000

TDB

Japan

  • 16 Capesize vessels
  • Average age of 11.8 years
  • Combined cargo capacity of approximately 2.82 million dwt
  • Built in Japan and S. Korea
    1. Period T/C contracts are linked to the T/C average of the 5 main routes of the Baltic Capesize Index
    2. In addition to the index linked rate, the T/C includes fixed daily scrubber premiums
    3. Prompt delivery
    4. Delivery in Q3 2021

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Seanergy Maritime Holdings Corp. published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 16:10:08 UTC.