Eneti : Q2 2023 Earnings Presentation
The information presented here includes statements about the future that are protected by laws in the United States. These statements show what Eneti Inc. ("Eneti") currently thinks will happen in the future and how it will perform financially. Words like "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," and others are used to identify these statements. The statements in this presentation are based on different assumptions, many of which are based on even more assumptions. These assumptions include looking at how Eneti has performed in the past, information found in Eneti's records, and information from other sources. While Eneti thought these assumptions were reasonable when they were made, it's important to note that there are many uncertainties and events that can't be predicted, and Eneti has no control over them. So, there's no guarantee that what Eneti expects, believes, projects, or how it will perform financially in the future will actually happen.
Possible risks and uncertainties include, but are not limited to, situations where counterparties fail to fulfill their agreements with Eneti, fluctuations in global economies and currencies, overall market conditions such as changes in charter rates and ship values, shifts in demand for WTIV services, alterations in Eneti's operating expenses such as fuel costs, maintenance fees, and insurance expenses, the fuel efficiency of Eneti's vessels, market availability for Eneti's ships, ability to obtain financing and meet obligations in financing agreements, changes in government and environmental regulations, potential legal liabilities, domestic and international political conditions, possible disruptions to shipping routes, changes in demand for wind turbine installation vessels, and other important factors mentioned in Eneti's reports submitted to the Securities and Exchange Commission and the New York Stock Exchange. Eneti does not commit to updating or revising forward-looking statements. These statements are not guarantees of Eneti's future performance and actual results may significantly differ from the ones projected in these statements.
The Company uses various non-GAAP performance measures such as EBITDA, EBIT, adjusted net income, and adjusted EBITDA to assess its operating performance. These measures help investors understand how the Company's management evaluates its performance. However, it is important to note that these non-GAAP measures should not be solely relied upon and should not replace or be considered better than financial measures prepared in accordance with GAAP.
Unless stated otherwise, the information provided in this presentation regarding Eneti's industry and the market it operates in, as well as its expectations for future operations, is based on a variety of sources. These sources include internal data, estimates, and publicly accessible information from independent industry publications, government publications, reports from market research firms, and other published sources. Our internal data and estimates are derived from this information, as well as insights obtained from trade and business organizations and other contacts within Eneti's markets, along with management's understanding of industry conditions. It's important to note that this information, data, and estimates are subject to assumptions, limitations, risks, uncertainties, and potential changes. We advise you to not place excessive weight on this information. Although Eneti believes the market and industry information presented here to be generally reliable, we have not independently verified any third-party information or confirmed the availability of more recent information.
