Performance

2018 in Numbers

Financial Performance

Revenue

US$522 million

TCE Income

US$301 million

EBITDA

US$104 million

Financial Position

US$114 million

Strategic Vessels Divestments from sale of 4 vessels

Strong Liquidity Runway

US$215 million

in undrawn facility and liquid cash

Strong Credit Profile

BW LPG’s Leverage

56%

Business Innovation and Sustainability

World’s First Retrofitting of

4

LPG propelled dual-fuel engines

19 VLGs

on water that are capable of being upgraded with LPG dual-fuel propulsion

Reduced Co2 Emission by

20%

since the implementation of BW's energy management program

Operations and Safety

Safety Results
  • TRCF Baseline

    1.50

  • TRCF BW LPG

    1.43

Exports Carried
by BW LPG in 2018

10.8 million tonnes

Average Port Calls per day

3.9

Market Review

Improved East - West
Price Spread

US$89

US$78 (2017)

Improved Spot Market Time Charter Equivalent

>20%

increase YoY

North America Seaborne VLGC Export Trade Growth

3.3 million tonnes

VLGC Fleet Growth

2% YoY

VLGC tonne mile has been increasing

3% YoY

Strong import growth driven by China and India

5% YoY (China)

12% YoY (India)

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