exhibitions - Exhibits and Tables Exhibit 1 New Vessel...

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Exhibits and Tables Exhibit 1- New Vessel project cash flows analysis proposed in USA/ Hong Kong over 25 years ($ thousand) Calendar Year 2,001 2,002 2,003 2,004 2,005 2,006 2,007 2,008 2,009 2,010 2,011 2,012 2,013 2,014 2,015 2,016 2,017 2,018 2,019 2,020 2,021 2,022 2,023 2,024 2,025 2,026 2,027 2,028 Event Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Age of Ship 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Capital Investment -3,900 -3,900 -31,200 Depreciation -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 -1,560 Accumulated depreciation -1,560 -3,120 -4,680 -6,240 -7,800 -9,360 -10,920 -12,480 -14,040 -15,600 -17,160 -18,720 -20,280 -21,840 -23,400 -24,960 -26,520 -28,080 -29,640 -31,200 -32,760 -34,320 -35,880 -37,440 -39,000 Year-end book value of the ship 37,440 35,880 34,320 32,760 31,200 29,640 28,080 26,520 24,960 23,400 21,840 20,280 18,720 17,160 15,600 14,040 12,480 10,920 9,360 7,800 6,240 4,680 3,120 1,560 0 Working capital 500 515 530.45 546.36 562.75 579.64 597.03 614.94 633.39 652.39 671.96 692.12 712.88 734.27 756.29 778.98 802.35 826.42 851.22 876.75 903.06 930.15 958.05 986.79 1,016.40 0 Change in working capital 500 15 15.45 15.91 16.39 16.88 17.39 17.91 18.45 19 19.57 20.16 20.76 21.39 22.03 22.69 23.37 24.07 24.79 25.54 26.3 27.09 27.9 28.74 29.6 -1,016.40 Capital expenditure for special survey -300 -350 -750 -850 Depreciation survey -60 -60 -60 -60 -60 -70 -70 -70 -70 -70 -150 -150 -150 -150 -150 -170 -170 -170 -170 -170 Accumulated capital expenditure -300 -650 -1,400 -2,250 -2,250 Expected daily hire rate 20 20.2 20.4 18.714 17.283 17.481 17.682 17.886 18.092 17.428 17.628 17.831 18.036 18.243 14.762 14.932 15.104 15.278 15.454 14.654 14.823 14.993 15.166 15.341 13.448 Expected daily operating cost -4 -4.16 -4.33 -4.5 -4.68 -4.87 -5.06 -5.26 -5.47 -5.69 -5.92 -6.16 -6.4 -6.66 -6.93 -7.2 -7.49 -7.79 -8.1 -8.43 -8.76 -9.12 -9.48 -9.86 -10.25 Maintenance days 8 8 8 8 8 12 12 12 12 12 16 16 16 16 16 16 16 16 16 16 16 16 16 16 16 Operating revenue 7,140.00 7,211.40 7,282.80 6,680.90 6,170.03 6,170.79 6,241.75 6,313.76 6,386.48 6,152.08 6,152.17 6,223.02 6,294.56 6,366.81 5,151.94 5,211.27 5,271.30 5,332.02 5,393.45 5,114.25 5,173.23 5,232.56 5,292.93 5,354.01 4,693.35 0 Nominal operating costs -1,460.00 -1,518.40 -1,579.14 -1,642.30 -1,707.99 -1,776.31 -1,847.37 -1,921.26 -1,998.11 -2,078.04 -2,161.16 -2,247.60 -2,337.51 -2,431.01 -2,528.25 -2,629.38 -2,734.55 -2,843.93 -2,957.69 -3,076.00 -3,199.04 -3,327.00 -3,460.08 -3,598.48 -3,742.42 0 EBITDA 5,680.00 5,693.00 5,703.66 5,038.60 4,462.04 4,394.48 4,394.38 4,392.50 4,388.37 4,074.05 3,991.02 3,975.42 3,957.06 3,935.80 2,623.69 2,581.89 2,536.74 2,488.09 2,435.75 2,038.25 1,974.19 1,905.56 1,832.85 1,755.52 950.93 0 Pre-tax earnings (EBIT) 4,120.00 4,133.00 4,143.66 3,478.60 2,842.04 2,774.48 2,774.38 2,772.50 2,768.37 2,444.05 2,361.02
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