GasLog Ltd. Targets 40 LNG carriers by the end of 2017

The Management of GasLog Ltd. and GasLog Partners LP held an Analyst and Investor Event in New York yesterday. The details of the event can be found below

As part of the event, GasLog and GasLog Partners senior management will present the strategic and financial priorities of both companies as well as provide an insight into the outlook for the LNG and LNG shipping sectors. The key themes of today’s presentations are as follows:

LNG is on a long-term secular growth trend, with a forecast compound annual growth rate (CAGR) of over 7\% between 2014 and 2025(1)
Industry data forecasts a potential requirement for an additional 187 LNG carriers by 2020, excluding the current order book(2)
GasLog as a leading LNG shipping franchise with an excellent track record of safe, reliable delivery is ideally positioned to benefit from this major forecast growth in the LNG shipping industry
GasLog Partners went public this year to accelerate the growth of the consolidated fleet and offers investors an attractive yield and is targeting a 10-15\% CAGR of LP distribution per unit from IPO forecast for the next several years
The combination of GasLog and GasLog Partners provides the operational platform and financial flexibility to take advantage of the significant opportunities and expected growth in LNG markets

As part of today’s presentation, GasLog is launching the “GasLog 40:17” Vision, which is our aim to grow the consolidated fleet to 40 vessels by the end of 2017 through a combination of newbuildings and attractive M&A opportunities.(3)

A fleet of 40 vessels would give the GasLog platform additional size and scale in this growing market. As long-term charters are placed against new vessels, the visible pipeline of dropdown assets for GasLog Partners would increase, driving both its LP and GP distribution growth and we believe this results in a compelling sum of the parts valuation for GasLog Ltd. through its ownership interest in the LP and GP interests and Incentive Distribution Rights in GasLog Partners.
Source: GasLog