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-- Revenue: $226.8 million for the year ended 2020 $69.2 million for Q4 2020


GlobeNewswire Inc | Mar 24, 2021 08:12AM EDT

March 24, 2021

-- Revenue: $226.8 million for the year ended 2020 $69.2 million for Q4 2020

-- Net cash from operating activities: $94.1 million for the year ended 2020 $25.4 million for Q4 2020

-- Adjusted EBITDA:$99.8 million for the year ended 2020$35.5 million for Q4 2020

-- Acquisition of Navios Maritime Containers L.P. Unit holders approve mergerMerger to be completed onMarch 31, 2021 -- Focused charter strategy for 2021 89.4% of available container vessel days are fixed 53.5% of available drybulk vessel days are exposed to market rates -- Fleet Renewal: Acquisition of six drybulk vessels with an average age of ~ 2.0 years Sale of four vessels with an average age of ~ 13.0 years

-- $0.05 per unit cash distribution for Q4 2020

MONACO, March 24, 2021 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (Navios Partners) (NYSE: NMM), an international owner and operator of dry cargo vessels, today reported its financial results for the fourth quarter and year ended December 31, 2020.

Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, I am pleased with the results for the full year and fourth quarter of 2020. For the full year 2020, Navios Partners reported revenue of $226.8 million and adjusted EBITDA of $99.8 million. For the fourth quarter, Navios Partners reported revenue of $69.2 million and adjusted EBITDA of $35.5 million.

Angeliki Frangou continued, Our approved merger with Navios Maritime Containers will be a transformative transaction. Proforma for the merger, we will have 85 vessels and have one of the 10 largest publicly listed dry cargo fleets. The transaction also provides significant benefits of diversification.Approximately half of our vessels in the fleet will be dry bulk vessels and the other half will be containerships.Navios Partners is well positioned to benefit from the different sector fundamentals.

The transaction builds scale through a larger, diversified asset base. We will also benefit from eliminating duplicative costs. The financial potency of the combination can be measured through proforma combined revenue. Had the merger been effective for 2020, revenue would have been $354 million. For 2021, contracted revenuealready exceeds this amount and with more than a third of available days either open or index linked, there is ample opportunity for significant additional revenue and free cash flow.

Acquisition of Navios Maritime Containers L.P.

On March24, 2021, at a Special Meeting of limited partners of Navios Maritime Containers L.P. (Navios Containers), the Navios Containers common unit holders approved the merger (the Merger) contemplated by the previously announced Agreement and Plan of Merger, (the Merger Agreement), dated December31, 2020, by and among Navios Partners, its direct wholly-owned subsidiary NMM Merger Sub LLC (Merger Sub), Navios Containers and its general partner, Navios Maritime Containers GP LLC. Pursuant to the Merger Agreement, Merger Sub will be merged with and into Navios Containers, with Navios Containers being a wholly-owned subsidiary of Navios Partners.

Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each outstanding common unit representing limited partner interests in Navios Containers that is held by a common unit holder other than Navios Partners, Navios Containers and their respective subsidiaries will be cancelled and automatically converted into the right to receive 0.39 of a common unit representing limited partner interests in Navios Partners.

The Merger is expected to be completed on March 31, 2021. The assets and liabilities and results of operations of Navios Containers will be included in Navios Partners consolidated results of operations from and only for periods subsequent to the closing of the Merger. Following the Merger, Navios Containers will no longer be a publicly traded company.

Fleet Developments

-- Three Bareboat Charter-in Newbuilding Capesize Vessels

In January2021, Navios Partners agreed to bareboatcharter-in three Japanese newbuilding capesize vessels from an unrelated third party. Each vessel has approximately 180,000 dwt and is being bareboat chartered-in for 15 years. Navios Partners has the option to acquire the vessels starting at the end of year four until the end of the charter period. Assuming exercise of the option at the end of the 15-year period, the implied fixed interest rate is 4.4%. The vessels are expected to be delivered into Navios Partners fleet during the second half of 2022.

-- Acquisition of two Kamsarmax Vessels

In March 2021, Navios Partners agreed to acquire from Navios Maritime Holdings Inc. (Navios Holdings) (NYSE:NM) the Navios Avior, a 2012 built Kamsarmax vessel of 81,355 dwt, and the Navios Centaurus, a 2012 built Kamsarmax vessel of 81,472 dwt, for a purchase price of 39.3 million, including working capital adjustments. The acquisition of the vessels will be financed with a $26.7 million to be drawn from a new credit facility from a commercial bank and the remaining balance with available cash.

-- Acquisition of one Newbuilding Kamsarmax Vessel

In March 2021, Navios Partners agreed to acquire from an unrelated third party a newbuilding Kamsarmax vessel for a purchase price of $31.6 million. The vessel has approximately 81,000 dwt and is expected to be delivered into Navios Partners fleet during the second half of 2022.

-- $ 32.8 million Sale of four Vessels in Q1 2021

In January 2021, Navios Partners, completed the sale of the Solar N, a 2006-built Containership of 3,398 TEU to an unrelated third party for a net sale price of $11.1 million.

In January 2021, Navios Partners, completed the sale of the Esperanza N, a 2008-built Containership of 2,007 TEU to an unrelated third party for the net sale price of $4.6 million.

In February 2021, Navios Partners, completed the sale of the Castor N, a 2007-built Containership of 3,091 TEU to an unrelated third party for a net sale price of $8.9 million.

In February 2021, Navios Partners agreed to sell the Joie N, a 2011-built Ultra Handymax vessel of 56,557 dwt, to an unrelated third party, for a net sale price of approximately $8.2 million.

Financing Arrangements

In March 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of $58.0 million in order to refinance two dry bulk vessels and to finance the acquisition of two dry bulk vessels. The credit facility has an amortization profile of 8.8 years, matures in March 2026 and bears interest at LIBOR plus 3% per annum.

Navios Partners is in advance discussions with a commercial bank for a new credit facility of up to $115.0 million for the refinancing of its existing facility maturing in August 2021. The new facility is expected to have an amortization profile of 5.0 years, matures in the second quarter of 2025 and bears interest at LIBOR plus 3% per annum. The transaction is expected to close in the second quarter of 2021. No assurance can be provided that the definitive agreement will be executed or that the refinancing will be consummated in whole or in part.

Cash Distribution

The Board of Directors of Navios Partners declared a cash distribution for the fourth quarter of 2020 of $0.05 per unit. The distribution was paid on February 12, 2021 to all unitholders of record as of February 9, 2021. The aggregate amount of the declared distribution was $0.6 million. The declaration and payment of any further dividends remain subject to the discretion of the Board of Directors and will depend on, among other things, Navios Partners cash requirements as measured by market opportunities and restrictions under its credit agreements and other debt obligations and such other factors as the Board of Directors may deem advisable.

Charter coverage for Q1 2021

As of March 22, 2021, Navios Partners and Navios Containers (together, the Navios Partners Group) have chartered-out approximately 98% and 100% of the available days for the first quarter of 2021 at an Average Expected daily charter-out rate of $15,151 and $16,949, respectively. The Average Expected daily charter-out rate is the contracted rate net of commissions and is subject to performance by the counterparties and the Navios Partners Group.

Long-Term Cash Flow

Following the completion of the Merger, Navios Partners will own and operate a fleet comprised of 49 dry bulk vessels and 36 containerships. Navios Partners Group has entered into medium to long-term time charter-out agreements for its vessels with a remaining average term of approximately 1.4 years. Navios Partners Group has currently contracted out 79.3% of its available days for 2021, 31.5% for 2022 and 15.8% for 2023, including index-linked charters. Excluding index-linked charters, Navios Partners Group expects to generate revenues of approximately $356.4 million, $201.4 million and $106.0 million, respectively. The Average Expected daily charter-out rate for the fleet is $18,612, $25,011 and $27,828 for 2021, 2022 and 2023, respectively.

EARNINGS HIGHLIGHTSFor the following results and the selected financial data presented herein, Navios Partners has compiled condensed consolidated statements of operations for the three month periods and years ended December 31, 2020 and 2019. The quarterly information was derived from the unaudited condensed consolidated financial statements for the respective periods. EBITDA, Adjusted EBITDA, Adjusted Earnings per Common Unit and Adjusted Net Income are non-GAAP financial measures and should not be used in isolation or substitution for Navios Partners results calculated in accordance with U.S. generally accepted accounting principles (U.S. GAAP).

Three Month Three Month Period Ended Period Ended Year Ended Year Ended December 31, December 31, 2019 December 31, December 31, 2019 2020 2020(in $?000except per (unaudited) (unaudited) (unaudited) (unaudited)unit data)Revenue $ 69,233 $ 61,268 $ 226,771 $ 219,379 Net Loss $ (50,167) $ (62,947) $ (68,541) $ (62,134) Adjusted $ 12,830 ^ $ 12,168 ^ ^ $ 9,936 ^ $ 26,861 ^ ^Net Income (1) (2) (3) (4) (5) (6)Net cashprovided by $ 25,386 $ 23,300 $ 94,086 $ 70,395 operatingactivitiesEBITDA $ (27,448) $ (38,202) $ 21,366 $ 37,119 Adjusted $ 35,549 ^ $ 33,736 ^ $ 99,843 ^ $ 120,040 ^ EBITDA (1) (2) (4) (5)Loss perCommon Unit $ (4.39) $ (5.72) $ (6.13) $ (5.62) (basic anddiluted)AdjustedEarningsper Common $ 1.12 ^ $ 1.11 ^ ^ $ 0.89 ^ $ 2.43 ^ ^Unit (basic (1) (2) (3) (4) (5) (6)anddiluted)

Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Common Unit(1) for the three month period ended December 31, 2020 have been adjusted to exclude a $51.0 million impairment loss related to four of our vessels and a $12.0 million impairment loss related to the sale of two of our vessels. Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Common Unit for the three month period ended December 31, 2019 have been adjusted to(2) exclude a $29.3 million impairment loss related to one of our vessels and a $42.6 million other than temporary impairment loss (?OTTI?) in an investment in Navios Containers (?Navios Containers Investment?). Adjusted Net Income and Adjusted Earnings per Common Unit for the three(3) month period ended December 31, 2019 have been adjusted to exclude a $3.2 million write-off of deferred finance fees and discount related to prepayments of the Term Loan B Facility in the fourth quarter of 2019. Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Common Unit for the year ended December 31, 2020 have been adjusted to exclude a $6.9(4) million loss related to the other-than-temporary impairment recognized in the Navios Partners? receivable from Navios Europe II, a $57.8 million impairment loss related to seven of our vessels and a $13.8 million impairment loss relating to the sale of three of our vessels. Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Common Unit for the year ended December 31, 2019 have been adjusted to exclude a $29.4(5) million impairment loss related to one of our vessels, a $42.6 million OTTI loss in Navios Containers Investment, a $7.3 million impairment loss related to the sale of one of our vessels and a $3.6 million change in estimated guarantee claim receivable. Adjusted Net Income and Adjusted Earnings per Common Unit for the year(6) ended December 31, 2019 have been adjusted to exclude a $6.1 million write-off of deferred finance fees and discount related to prepayments of the Term Loan B Facility.

Three month periods ended December 31, 2020 and 2019

Time charter and voyage revenues for the three month period ended December 31, 2020 increased by approximately $8.0 million, or 13.0%, to $69.2 million, as compared to $61.3million for the same period in 2019. The increase in time charter and voyage revenues was mainly attributable to the increase in the size of our fleet. The available days of the fleet increased to 4,805 days for the three month period ended December 31, 2020, as compared to 3,450 days for the three month period ended December 31, 2019. For the three month period ended December 31, 2020, the time charter equivalent rate, or TCE rate, decreased to $14,021 per day, in relation to $16,981 per day which was for the three month period ended December 31, 2019.

EBITDA for the three month period ended December 31, 2020 and 2019 was affected by items described in the table above. Excluding these items, Adjusted EBITDA increased by $1.8 million to $35.5 million for the three month period ended December 31, 2020, as compared to $33.7 million for the same period in 2019. The increase in Adjusted EBITDA was primarily due to: (i) an approximately $8.0 million increase in time charter and voyage revenues; (ii) a $1.2 million decrease in time charter voyage expenses; and (iii) a $2.4 million increase in other income. The above increase was partially mitigated by a: (i) $6.9 million increase in vessel operating expenses, mainly due to the increased fleet; (ii) $1.6 million increase in general and administrative expenses, mainly due to the increased fleet; (iii) $0.9 million increase in other expenses; and (iv) $0.4 million decrease in equity in net earnings of affiliated companies.

Net Loss for the three month period ended December 31, 2020 was $50.2 million as compared to $62.9 million for the same period in 2019. Net Loss was affected by items described in the table above. Excluding these items, Adjusted Net Income for the three month period ended December 31, 2020 amounted to $12.8 million compared to $12.2 million income for the three month period ended December 31, 2019. The increase in Adjusted Net Income of $0.7 million was due to a: (i) $1.8 million increase in Adjusted EBITDA; and (ii) $1.4 million decrease in interest expense and finance cost, net. The above increase was partially mitigated by a: (i) $0.5 million increase in direct vessel expenses; (ii) $1.2 million increase in depreciation and amortization expense; and (iii) $0.7 million decrease in interest income.

Years ended December 31, 2020 and 2019

Time charter and voyage revenues for the year ended December 31, 2020 increased by $7.4 million, or 3.4%, to $226.8 million, as compared to $219.4 million for the same period in 2019. The increase in time charter and voyage revenues was mainly attributable to the increase in the size of our fleet. The available days of the fleet increased to 17,430 days for the year ended December 31, 2020, as compared to 13,170 days for the year ended December 31, 2019. For the year ended December 31, 2020, the TCE rate, decreased to $12,497 from $15,791 per day for the year ended December 31, 2019.

EBITDA for the year ended December 31, 2020 was $21.4 million, as compared to $37.1 million for the same period in 2019. EBITDA was affected by items described in the table above. Excluding these items, Adjusted EBITDA decreased by $20.2 million to $99.8 million for the year ended December 31, 2020, as compared to $120.0 million for the same period in 2019. The decrease in Adjusted EBITDA was primarily due to a: (i) $25.5 million increase in vessel operating expenses, mainly due to the increased fleet; (ii) $3.0 million increase in general and administrative expenses, mainly due to the increased fleet; (iii) $2.9 million increase in other expenses; and (iv) $1.4 million decrease in equity in net earnings of affiliated companies. The above decrease was partially mitigated by a: (i) $7.4 million increase in time charter and voyage revenues; (ii) $1.3 million decrease in time charter and voyage expenses; and (iii) $4.0 million increase in other income.

Net Loss for the year ended December 31, 2020 was $68.5 million, as compared to $62.1 million loss for the same period in 2019. Net Loss was affected by items described in the table above. Excluding these items, Adjusted Net Income for the year ended December 31, 2020 amounted to $9.9 million compared to $26.9 million for the year ended December 31, 2019. The decrease in Adjusted Net Income of $16.9 million was due to a: (i) $20.2 million decrease in adjusted EBITDA; (ii) $3.4 million increase in direct vessel expenses; (iii) $2.8 million increase in depreciation and amortization expense; and (iv) $5.5 million decrease in interest income. The above decrease was partially mitigated by a $15.0 million decrease in interest expense and finance cost, net.

Fleet Employment Profile

The following table reflects certain key indicators of Navios Partners core fleet performance for the three month periods and years ended December 31, 2020 and 2019.

ThreeMonth Period Ended ThreeMonth Year Ended Year Ended December Period Ended December 31, December 31, December 31, 2020 31, 2020 2019 (unaudited) 2019 (unaudited) (unaudited) (unaudited) Available Days^ 4,805 3,450 17,430 13,170 (1)Operating Days^ 4,780 3,428 17,245 13,014 (2)Fleet Utilization 99.5 % 99.4 % 98.9 % 98.8 %^(3)Time CharterEquivalent $ 14,021 $ 16,981 $ 12,497 $ 15,791 Combined (perday)^ (4)Time CharterEquivalent $ 12,722 $ 15,004 $ 10,989 $ 13,427 Drybulk (per day)^ (4)Time CharterEquivalent $ 19,507 $ 27,400 $ 18,385 $ 29,685 Containers (perday)^ (4)Vessels operating 52 46 52 46 at period end

Available days for the fleet represent total calendar days the vessels were in Navios Partners? possession for the relevant period after subtracting(1) off-hire days associated with scheduled repairs, dry dockings or special surveys and ballast days relating to voyages. The shipping industry uses available days to measure the number of days in a relevant period during which a vessel is capable of generating revenues. Operating days are the number of available days in the relevant period less the aggregate number of days that the vessels are off-hire due to any(2) reason, including unforeseen circumstances. The shipping industry uses operating days to measure the aggregate number of days in a relevant period during which vessels actually generate revenues. Fleet utilization is the percentage of time that Navios Partners? vessels were available for generating revenue, and is determined by dividing the number of operating days during a relevant period by the number of(3) available days during that period. The shipping industry uses fleet utilization to measure efficiency in finding employment for vessels and minimizing the amount of days that its vessels are off-hire for reasons other than scheduled repairs, dry dockings or special surveys. TCE rate: Time Charter Equivalent rate per day is defined as voyage and time charter revenues less voyage expenses during a period divided by the(4) number of available days during the period. The TCE rate per day is a standard shipping industry performance measure used primarily to present the actual daily earnings generated by vessels on various types of charter contracts for the number of available days of the fleet.

Conference Call Details:

Navios Partners' management will host a conference call on Wednesday, March 24, 2021 to discuss the results for the fourth quarter and year ended December 31, 2020.

Call Date/Time: Wednesday, March 24, 2021 at 8:30 am ETCall Title: Navios Partners Q4 2020 Financial Results Conference CallUS Dial In: +1.866.394.0817International Dial In: +1.706.679.9759Conference ID: 319 6066

The conference call replay will be available two hours after the live call and remain available for one week at the following numbers:

US Replay Dial In: +1.800.585.8367International Replay Dial In: +1.404.537.3406Conference ID: 319 6066

Slides and audio webcast:

There will also be a live webcast of the conference call, through the Navios Partners website (www.navios-mlp.com) under Investors. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

A supplemental slide presentation will be available on the Navios Partners website atwww.navios-mlp.comunder the "Investors" section at 8:00 am ET on the day of the call.

About Navios Maritime Partners L.P.

Navios Maritime Partners L.P. (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels. For more information, please visit our website at www.navios-mlp.com.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events including Navios Partners expected cash flow generation, future contracted revenues, future distributions and its ability to have a dividend going forward, opportunities to reinvest cash accretively in a fleet renewal program or otherwise, potential capital gains, its ability to take advantage of dislocation in the market and Navios Partners growth strategy and measures to implement such strategy; including expected vessel acquisitions and entering into further time charters. Words such as may, expects, intends, plans, believes, anticipates, hopes, estimates, and variations of such words and similar expressions are intended to identify forward-looking statements.

These forward-looking statements are based on the information available to, and the expectations and assumptions deemed reasonable by Navios Partners at the time these statements were made. Although Navios Partners believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of Navios Partners. Actual results may differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause actual results to differ materially include, but are not limited to, risks relating to: global and regional economic and political conditions including the impact of theCOVID-19pandemic and efforts throughout the world to contain its spread, including effects on global economic activity, demand for seaborne transportation of the products we ship, the ability and willingness of charterers to fulfill their obligations to us and prevailing charter rates, shipyards performing scrubber installations, drydocking and repairs, changing vessel crews and availability of financing; potential disruption of shipping routes due to accidents, diseases, pandemics, political events, piracy or acts by terrorists, including the impact of theCOVID-19pandemic and the ongoing efforts throughout the world to contain it; uncertainty relating to global trade, including prices of seaborne commodities and continuing issues related to seaborne volume and ton miles, our continued ability to enter into long-term time charters, our ability to maximize the use of our vessels, expected demand in the dry cargo shipping sector in general and the demand for our Panamax, Capesize, Ultra-Handymax and Containerships in particular, fluctuations in charter rates for dry cargo carriers and container vessels, the aging of our fleet and resultant increases in operations costs, the loss of any customer or charter or vessel, the financial condition of our customers, changes in the availability and costs of funding due to conditions in the bank market, capital markets and other factors, increases in costs and expenses, including but not limited to: crew, insurance, provisions, port expenses, lube oil, bunkers, repairs, maintenance and general and administrative expenses, the expected cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business, general domestic and international political conditions, competitive factors in the market in which Navios Partners operates; risks associated with operations outside the United States; and other factors listed from time to time in Navios Partners filings with the Securities and Exchange Commission, including its Form 20-Fs and Form 6-Ks. Navios Partners 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 Navios Partners expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Navios Partners makes no prediction or statement about the performance of its common units.

Contacts

Navios Maritime Partners L.P.+1 (212) 906 8645Investors@navios-mlp.com

Nicolas BornozisCapital Link, Inc.+1 (212) 661 7566naviospartners@capitallink.com

EXHIBIT 1

NAVIOS MARITIME PARTNERS L.P. SELECTED BALANCE SHEET DATA(Expressed in thousands of U.S. Dollars except unit data)

December December 31, 31, 2020 2019 (unaudited) (unaudited) ASSETS Cash and cash equivalents, including restricted cash $ 30,728 $ 30,402Other current assets 30,052 45,588Vessels, net 1,041,138 1,062,258Other non-current assets 105,351 115,269Total assets $ 1,207,269 $ 1,253,517 LIABILITIES AND PARTNERS? CAPITAL Other current liabilities $ 51,417 $ 20,004Total borrowings, net (including current and 486,857 489,028non-current)Other non-current liabilities 14,165 16,466Total partners? capital 654,830 728,019Total liabilities and partners? capital $ 1,207,269 $ 1,253,517

NAVIOS MARITIME PARTNERS L.P.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Expressed in thousands of U.S. Dollars except unit and per unit data)

ThreeMonth Three Month PeriodEnded Period YearEnded YearEnded December 31, Ended December December 2020 December 31, 2020 31, 2019 (unaudited) 31, 2019 (unaudited) (unaudited) (unaudited)Time charter and voyage $ 69,233 $ 61,268 226,771 $ 219,379revenuesTime charter and voyage (2,381) (3,610) (11,028) (12,331)expensesDirect vessel expenses (2,667) (2,162) (10,337) (6,985)Vessel operatingexpenses (managementfees entirely through (25,308) (18,387) (93,732) (68,188)related partiestransactions)General and (8,168) (6,559) (24,012) (20,984)administrative expensesDepreciation and (14,597) (13,352) (56,050) (53,255)amortizationVessels impairment loss (62,997) (29,335) (71,577) (36,680)Interest expense and (5,523) (10,062) (24,159) (45,254)finance cost, netInterest income 125 780 639 6,172Impairment of receivable ? ? (6,900) ?in affiliated companyOther income 2,711 357 5,055 1,053Other expense (1,142) (265) (4,344) (4,990)Equity in net earnings 547 (41,620) 1,133 (40,071)of affiliated companiesNet loss $ (50,167) $ (62,947) $ (68,541) $ (62,134)

Earnings/ (loss) per unit:

ThreeMonth ThreeMonth YearEnded YearEnded PeriodEnded PeriodEnded December December December 31, December 31, 31, 2020 31, 2019 2020 2019 (unaudited) (unaudited) (unaudited) (unaudited) Loss per unit: Common unit (basic $ (4.39 ) $ (5.72 ) $ (6.13 ) $ (5.62 )and diluted)

NAVIOS MARITIME PARTNERS L.P.Other Financial Information(Expressed in thousands of U.S. Dollars except unit data)

Year Ended Year Ended December 31, December 31, 2020 2019 (unaudited) (unaudited)Net cash provided by operating activities $ 94,086 $ 70,395Net cash used in investing activities (83,854) (17,034)Net cash used in financing activities (9,906) (84,414)Increase/ (decrease) in cash, cash equivalents $ 326 $ (31,053)and restricted cash

EXHIBIT 2

NAVIOS MARITIME PARTNERS L.P.

Owned Drybulk Vessels Type Built Capacity (DWT)Navios La Paix Ultra-Handymax 2014 61,485Navios Christine B Ultra-Handymax 2009 58,058Navios Amaryllis Ultra-Handymax 2008 58,735Serenitas N Ultra-Handymax 2011 56,644Navios Hyperion Panamax 2004 75,707Navios Alegria Panamax 2004 76,466Navios Orbiter Panamax 2004 76,602Navios Anthos Panamax 2004 75,798Navios Azalea Panamax 2005 74,759Navios Camelia Panamax 2009 75,162Navios Helios Panamax 2005 77,075Navios Hope Panamax 2005 75,397Navios Sun Panamax 2005 76,619Navios Sagittarius Panamax 2006 75,756Navios Harmony Panamax 2006 82,790Navios Prosperity I Panamax 2007 75,527Navios Libertas Panamax 2007 75,511Navios Symmetry Panamax 2006 74,381Navios Apollon I Panamax 2005 87,052Navios Altair I Panamax 2006 74,475Navios Sphera Panamax 2016 84,872Copernicus N Panamax 2010 93,062Unity N Panamax 2011 79,642Odysseus N Panamax 2011 79,642Navios Victory Panamax 2014 77,095Navios Gem Capesize 2014 181,336Navios Fantastiks Capesize 2005 180,265Navios Aurora II Capesize 2009 169,031Navios Pollux Capesize 2009 180,727Navios Fulvia Capesize 2010 179,263Navios Melodia Capesize 2010 179,132Navios Luz Capesize 2010 179,144Navios Buena Ventura Capesize 2010 179,259Navios Joy Capesize 2013 181,389Navios Beaufiks Capesize 2004 180,310Navios Ace Capesize 2011 179,016Navios Sol Capesize 2009 180,274Navios Symphony Capesize 2010 178,132Navios Aster Capesize 2010 179,314Navios Mars Capesize 2016 181,259

Bareboat Chartered-in vessel Type Built Capacity Purchase Option (DWT)Navios Libra Panamax 2019 82,011 Yes

Owned Containerships Type Built Capacity (TEU)Hyundai Hongkong Containership 2006 6,800Hyundai Singapore Containership 2006 6,800Hyundai Tokyo Containership 2006 6,800Hyundai Shanghai Containership 2006 6,800Hyundai Busan Containership 2006 6,800Harmony N Containership 2006 2,824Protostar N Containership 2007 2,741

Bareboat Chartered-in vessels Type Built Capacity Purchaseto be delivered (DWT) Option TBN1 Panamax 2021 81,000 YesTBN2 Panamax 2021 81,000 YesTBN3 Capesize 2022 180,000 YesTBN4 Capesize 2022 180,000 YesTBN5 Capesize 2022 180,000 Yes

Owned Vessels to be Delivered Type Built Capacity (DWT) Navios Avior Panamax 2012 81,355Navios Centaurus Panamax 2012 81,472TBN6 Panamax 2022 81,000

EXHIBIT 3

Disclosure of Non-GAAP Financial Measures

EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Earnings per Common Unit are non-U.S. GAAP financial measures and should not be used in isolation or considered substitutes for net income/(loss), cash flow from operating activities and other operations or cash flow statement data prepared in accordance with generally accepted accounting principles in the United States.

EBITDA represents net (loss)/ income attributable to Navios Partners unitholders before interest and finance costs, before depreciation and amortization (including intangible accelerated amortization) and income taxes. Adjusted EBITDA represents EBITDA excluding certain items, as described under Earnings Highlights. Navios Partners uses Adjusted EBITDA as a liquidity measure and reconcile EBITDA and Adjusted EBITDA to net cash provided by operating activities, the most comparable U.S. GAAP liquidity measure. EBITDA in this document is calculated as follows: net cash provided by operating activities adding back, when applicable and as the case may be, the effect of: (i)net increase/ (decrease) in operating assets; (ii)net (increase)/ decrease in operating liabilities; (iii)net interest cost; (iv)amortization and write-off of deferred financing cost; (v)equity in net earnings of affiliate companies; (vi)impairment charges; (vii)non-cash accrued interest income and amortization of deferred revenue; (viii)equity compensation expense; (ix) non-cash accrued interest income from receivable from affiliates; and (x) amortization of operating lease right-of-use asset. Navios Partners believes that EBITDA and Adjusted EBITDA are each the basis upon which liquidity can be assessed and presents useful information to investors regarding Navios Partners ability to service and/or incur indebtedness, pay capital expenditures, meet working capital requirements and make cash distributions. Navios Partners also believes that EBITDA and Adjusted EBITDA are used: (i)by potential lenders to evaluate potential transactions; (ii)to evaluate and price potential acquisition candidates; and (iii)by securities analysts, investors and other interested parties in the evaluation of companies in our industry.

EBITDA and Adjusted EBITDA have limitations as an analytical tool, and should not be considered in isolation or as a substitute for the analysis of Navios Partners results as reported under U.S. GAAP. Some of these limitations are: (i)EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements for, working capital needs; and (ii)although depreciation and amortization are non-cash charges, the assets being depreciated and amortized may have to be replaced in the future. EBITDA and Adjusted EBITDA do not reflect any cash requirements for such capital expenditures. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as a principal indicator of Navios Partners performance. Furthermore, our calculation of EBITDA and Adjusted EBITDA may not be comparable to that reported by other companies due to differences in methods of calculation.

4. Reconciliation of Non-GAAP Financial Measures

ThreeMonth ThreeMonth YearEnded YearEnded PeriodEnded PeriodEnded December 31, December 31, December 31, December 31, 2020 2019 2020 2019 ($ ?000) ($ ?000) ($ ?000) ($ ?000) (unaudited) (unaudited) (unaudited) (unaudited)Net cashprovided by $ 25,386 $ 23,300 $ 94,086 $ 70,395operatingactivitiesNet(increase)/decrease in (766) 3,587 7,261 11,069operatingassetsNet increase/(decrease) in 7,126 (2,289) (22,207) (2,643)operatingliabilitiesNet interest 5,398 9,282 23,520 39,082costAmortizationand write-offof deferred (571) (3,658) (2,141) (10,916)financingcostAmortizationof operatinglease (253) (220) (956) (378)right-of-useassetNon cashaccruedinterestincome and 400 3,167 1,588 12,638amortizationof deferredrevenueStock-basedcompensation (223) (481) (946) (2,018)expenseVesselsimpairment (62,997) (29,335) (71,577) (36,680)lossOther thantemporaryimpairmentloss in ? (42,603) ? (42,603)NaviosContainersinvestmentNon cashaccruedinterestincome from ? 65 ? 279receivablefromaffiliatesImpairment ofreceivable in ? ? (6,900) ?affiliatedcompanyAllowance for (1,495) ? (1,495) ?credit lossesChange inestimatedguarantee ? ? ? (3,638)claimreceivableEquity in netearnings ofaffiliates, 547 983 1,133 2,532net ofdividendsreceivedEBITDA^(1) $ (27,448) $ (38,202) $ 21,366 $ 37,119Change inestimatedguarantee ? ? ? 3,638claimreceivableImpairment ofreceivable in ? ? 6,900 ?affiliatedcompanyOther thantemporaryimpairmentloss in ? 42,603 ? 42,603NaviosContainersinvestmentVesselsimpairment 62,997 29,335 71,577 36,680lossAdjusted $ 35,549 $ 33,736 $ 99,843 $ 120,040EBITDA

(1)

ThreeMonth ThreeMonth YearEnded YearEnded PeriodEnded PeriodEnded December December December 31, December 31, 31, 31, 2020 2019 2020 2019 ($ ?000) ($ ?000) ($ ?000) ($ ?000) (unaudited) (unaudited) (unaudited) (unaudited) Net cashprovided by $ 25,386 $ 23,300 $ 94,086 $ 70,395operatingactivitiesNet cash usedin investing $ (5,508) $ (10,150) $ (83,854) $ (17,034)activitiesNet cash usedin financing $ (19,765) $ (8,743) $ (9,906) $ (84,414)activitiesIncrease/(decrease) incash, cashequivalents $ 113 $ 4,407 326 $ (31,053)andrestrictedcash

EXHIBIT 4

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

The following unaudited pro forma condensed combined financial information gives effect to the Merger. The pro forma condensed combined financial information for the year ended December31, 2020 has been derived from (i)the historical consolidated financial statements of Navios Partners and Navios Containers, and (ii)applying to them transaction accounting adjustments based upon assumptions that management believes to be reasonable and which are described in the footnotes included hereto. The unaudited pro forma condensed combined balance sheet is presented as if the Merger had occurred on December31, 2020. The unaudited pro forma condensed combined statements of operations for the year ended December31, 2020 is presented as if the Merger had occurred on January1, 2020. We refer to the Unaudited Pro Forma Condensed Balance Sheet and the Unaudited Pro Forma Condensed Statement of Operations together as the unaudited pro forma financial information.

Navios Partners and Navios Containers Merger

On December 31, 2020, Navios Partners and Navios Containers entered into the Merger Agreement. Under the terms of the Merger Agreement, Merger Sub, a wholly owned subsidiary of Navios Partners, will merge with and into Navios Containers with Navios Containers surviving as a wholly owned subsidiary of Navios Partners. Each outstanding Navios Containers Public Unit will be cancelled and automatically converted into the right to receive 0.39 of a Navios Partners Common Unit at the effective time of the Merger.

Basis of Presentation

The unaudited pro forma condensed combined financial statements reflect the application of pro forma adjustments that are preliminary (such as fair values of vessels, intangibles, debt, non-recurring gains and transaction costs) and are based upon available information through March 24, 2021 and certain assumptions, described in the accompanying notes hereto, that management believes are reasonable under the circumstances. The fair value calculations of the assets acquired and liabilities assumed are in process and will not be completed until subsequent to the closing of the Merger. Actual results may differ materially from the assumptions within the accompanying unaudited pro forma condensed combined financial statements. The unaudited pro forma condensed combined financial statements have been prepared by management and are not necessarily indicative of the financial position or results of operations that would have been realized had the Merger occurred as of the dates indicated above, nor is it meant to be indicative of any anticipated financial position or future results of operations that Navios Partners or Navios Containers will experience going forward. In addition, the accompanying unaudited pro forma condensed combined statement of operations does not reflect any expected cost savings on restructuring actions that Navios Partners or Navios Containers may incur or generate. The acquisition of Navios Containers will be accounted for as a business combination and will reflect the application of acquisition accounting in accordance with Accounting Standards Codification ASC 805,Business Combinations.

The unaudited pro forma financial information is based upon, has been derived from and should be read in conjunction with, the unaudited historical condensed consolidated financial statements of Navios Partners for the year ended December 31, 2020 filed on Form6-K,as filed with the SEC on March 24, 2021, and the unaudited historical condensed consolidated financial statements of Navios Containers for the year ended December 31, 2020, (in each case, prepared in accordance with U.S. GAAP).

Unaudited Pro Forma Condensed Combined Balance SheetAs of December 31, 2020(In thousands of U.S. dollars)

Navios Navios Transaction Pro Forma Partners Containers Accounting Notes Combined AdjustmentsASSETS Current assets Cash and cash equivalents $ 19,303 $ 7,573 $ ? $ 26,876 Restricted cash 11,425 ? ? 11,425 Accounts receivable, net 16,969 3,456 ? 20,425 Due from related parties, 5,000 150 ? 5,150 short termPrepaid expenses and other 8,083 5,505 ? 13,588 current assetsTotal current assets 60,780 16,684 ? 77,464 Vessels, net 1,041,138 384,970 134,030 (1 ) 1,560,138 Other long-term assets 18,850 1,632 (533 ) (1 ) 19,949 Deferred dry dock and special 37,045 19,068 (19,068 ) (1 ) 37,045 survey costs, net Due from related parties, ? 8,436 ? 8,436 long termInvestment in affiliates 26,158 ? (117,245 ) (2 ) ? 91,087 (1 ) ? Favorable lease assets 2,000 ? ? 2,000 Notes receivable, net of 8,013 ? ? 8,013 current portionOperating lease assets 13,285 ? ? 13,285 Totalnon-currentassets 1,146,489 414,106 88,271 1,648,866 Total assets $ 1,207,269 $ 430,790 $ 88,271 $ 1,726,330 LIABILITIES AND PARTNERS? CAPITALCurrent liabilities Accounts payable $ 6,299 $ 3,168 $ ? $ 9,467 Accrued expenses 4,781 2,813 1,224 (1 ) 8,818 Deferred revenue 3,185 1,105 ? 4,290 Operating lease liabilities, 1,173 ? ? 1,173 current portionCurrent portion of financial 6,277 22,165 890 (1 ) 29,332 liabilities, net Current portion of long-term 195,558 10,611 360 (1 ) 206,529 debt, net Amounts due to related 35,979 ? ? 35,979 partiesTotal current liabilities 253,252 39,862 2,474 295,588 Unfavorable lease liabilities 95,716 (1 ) 95,716 Operating lease liabilities, 11,980 ? ? 11,980 netLong-term financial 56,481 154,272 2,053 (1 ) 212,806 liabilities, net Long-term debt, net 228,541 45,111 408 (1 ) 274,060 Deferred revenue 2,185 ? ? 2,185 Totalnon-currentliabilities 299,187 199,383 98,177 596,747 Total liabilities $ 552,439 $ 239,245 $ 100,651 $ 892,335 Commitments and contingencies ? Partners? capital 13,778 (1 ) (117,245 ) (2 ) 91,087 (1 ) Total Partners? capital: 654,830 191,545 (12,380 ) 833,995 Total liabilities and $ 1,207,269 $ 430,790 $ 88,271 $ 1,726,330 stockholders? equity

See accompanying notes to the Unaudited Pro Forma Condensed Combined Financial Information

Unaudited Pro Forma Condensed Combined Statement of OperationsFor the year ended December31, 2020(In thousands of U.S. dollars, except unit data)

Navios Navios Transaction Pro Forma Partners Containers Accounting Notes Combined AdjustmentsRevenue $ 226,771 $ 127,188 $ ? $ 353,959 Time charter ) )and voyage (11,028 (6,327 ? (17,355 ) expensesDirect vessel (10,337 ) (5,488 ) ? (15,825 ) expenses Vesseloperatingexpenses(management ) )fees entirely (93,732 (69,147 ? (162,879 ) throughrelatedpartiestransactions)General and ) )administrative (24,012 (10,890 (1,224 ) (1 ) (36,126 ) expensesTransaction ? (1,626 ) 1,626 (1 ) ? costsDepreciation ) ) )and (56,050 (16,598 47,406 (1 (25,242 ) amortizationVessels )impairment (71,577 ? ? (71,577 ) lossImpairment ofreceivable in (6,900 ) ? ? (6,900 ) affiliated companyInterestexpense and (24,159 ) (13,912 ) 2,361 (1 ) (35,710 ) finance cost, netInterest 639 ? ? 639 incomeBargain ? ? 64,826 (1 ) 64,826 purchase gainOther income 5,055 409 ? 5,464 Other expense (4,344 ) (261 ) ? (4,605 ) Equity in netearnings of 1,133 ? 23,344 (2 ) 24,477 affiliated companiesNet (loss)/ $ (68,541 ) $ 3,348 $ 138,339 $ 73,146 income Net (loss)/income )attributable $ (67,173 $ 71,683 to CommonunitholdersPro formabasic anddiluted (loss)/ income per $ (6.13 ) $ 3.75 unit attributableto commonunitholdersPro formabasic anddiluted 10,966,518 (3 ) 19,099,305 weighted average commonunits

See accompanying notes to the Unaudited Pro Forma Condensed Combined Financial Information

Notes to the Unaudited Pro Forma Condensed Combined Financial Statements (In thousands of U.S. dollars, except unit data)

Fair Value of Consideration

For the purpose of the preparation of the unaudited pro forma condensed combined financial statements, it has been assumed that all of the holders of Navios Containers common units, other than Navios Partners, Navios Containers and their respective subsidiaries (the Navios Containers Public Units), will exchange their Navios Containers Public Units for the merger consideration.

The preliminary fair value estimate of purchase consideration of $141,722 was calculated based on the closing stock price of Navios Partners Common Units on December31, 2020 of $11.20 and represents the fair value of 100% of the conversion of the outstanding units of Navios Containers of 32,445,577 at an exchange rate of 0.39.

The preliminary estimate of the consideration reflected in the unaudited pro forma financial information does not purport to represent the actual consideration to be transferred upon closing of the Merger. In accordance with GAAP, the fair value of Navios Partners Common Units to be issued as part of the consideration transferred in connection with the Merger will be measured on the completion date of the exchange of units at the then-current market price of Navios Partners Common Units. This requirement will likely result in a consideration different from the amount assumed in the unaudited pro forma financial information.

If the Company assumes a more current stock price based on the closing stock price as of March 23, 2021 of $24.75, the change in share price would increase the consideration by approximately $171,000. Based upon the purchase price allocation in Note 1, this would result in the recognition of goodwill of approximately $107,000. The fair value calculations of the assets to be acquired and liabilities to be assumed are preliminary and will not be completed until subsequent to the closing of the Merger. A change of 5% per share in the closing stock price of Navios Partners Common Units as of March 23, 2021 would increase or decrease the consideration by approximately $16,000, which would be reflected in the unaudited pro forma financial information as a decrease or increase to goodwill, respectively.

Transaction Accounting Adjustments

In May2020, the SEC adopted Release No. 33-10786 entitled Amendments to Financial Disclosures about Acquired and Disposed Businesses, or the Final Rule. The Final Rule was effective on January1, 2021 and the unaudited proforma condensed combined financial information herein is presented in accordance therewith.

Adjustments included in the column under the heading Transaction Accounting Adjustments are solely based on information contained within the Merger Agreement. Transaction Accounting Adjustments are required adjustments that reflect only the application of required accounting to the transaction linking the effects of the acquisition of Navios Containers to the historical financial information of Navios Partners.

Pro forma adjustments are necessary to reflect the acquisition consideration exchanged and to adjust amounts related to tangible assets and liabilities of Navios Containers to reflect the preliminary assessment(1) of the fair value of the assets to be acquired and liabilities to be assumed and is based upon reasonable estimates that are subject to revision as additional information becomes available. The preliminary fair values, as well as their incremental effects, are as follows:

Carrying ProForma Pro Forma Value as of Estimated Fair Value December31, FairValue Adjustment 2020 (In thousands of U.S. dollars) Vessels, including deferred )drydock and special survey $ 404,038 $ 519,000 $ (114,962 costs, netUnfavorable lease liabilities ? (95,716 ) 95,716 Net working capital 19,666 19,133 533 Debt (235,869 ) (235,869 ) ? Debt discount 1,464 ? 1,464 Deferred finance costs 2,246 ? 2,246 Net assets $ 191,545 $ 206,548 $ (15,003 ) Fair value of consideration 141,722 Bargain purchase gain $ 64,826

Vessels:Represents the preliminary fair value adjustment to bring the carrying value of the vessels to their fair value as well as their respective incremental depreciation. Deferred dry docking and special survey costs of Navios Containers have been eliminated. The useful lives used to calculate the incremental depreciation are consistent with the useful lives used in the financial statements of the acquirer and the remaining useful lives which range from 15 to 20 years. A 10% increase in the fair value of vessels results in an approximate $2.9 million increase in incremental depreciation expense.

Unfavorable Lease Liabilities:Represents the preliminary fair value adjustment to bring the carrying value of the favorable and unfavorable lease liabilities to their fair values as well as their respective incremental amortization. The useful lives used to calculate the incremental amortization are consistent with the lease terms of the underlying charter contracts and the remaining lives of the lease terms which range from 0.2 to 5.3 years.

Net Working Capital:Net working capital consists of the historical Navios Containers balances of cash and cash equivalents, other long-term assets, accounts receivable, due from related parties current andnon-current,prepaid expenses and other current assets, accounts payable, prepaid revenue and accrued expenses. The straight line of leases has been eliminated. The carrying value of all other working capital items are assumed to approximate fair value.

Transaction Costs Reflects an accrual for estimated transaction expenses of $1,874 in the unaudited pro forma condensed combined Balance Sheet and the unaudited pro forma condensed combined Statement of Operations for the year ended December 31, 2020. These transaction costs are one-time non-recurring expenses directly associated with the Merger.

Debt:Represents the preliminary fair value of the debt. The outstanding balance of the floating rate debt approximates its fair value as estimated based on currently available debt with similar contract terms, interest rate and remaining maturity, as well as taking into account Navios Partners creditworthiness. The debt discount and the deferred finance costs related to Navios Containers are eliminated. In addition, the income statement reflects the adjustment to amortization expense of $2,361 for the year ended December31, 2020, had the fair value of debt discount and deferred financing costs been eliminated as of January1, 2020.

Bargain Purchase Gain:The estimated fair value of the net assets exceeds the fair value of the consideration in the Merger. As the unaudited pro forma condensed combined financial information assumes the Merger occurred as of January 1, 2020, this gain has been recorded as a transaction accounting adjustment for the year ended December 31, 2020. This bargain purchase gain will not affect the Navios Partners statement of operations beyond 12 months after the closing of the Merger.

Represents the elimination of the equity method investment held by Navios Partners in Navios Containers and the earnings and the gain to be recognized at the date of the controlling interest is acquired. Upon closing of the Merger, Navios Partners will acquire the remaining 64.3% equity interest of Navios Containers and, in accordance with ASC805-10-25-10,Navios Partners? previously held equity interest of 35.7%(2) should be remeasured to fair value at the date the controlling interest is acquired. The fair value of 100% of Navios Containers was estimated based on the fair value of consideration exchanged. The difference between the carrying value and the estimated fair value of the previously held equity interest will be recognized as a gain in the statement of operations. The difference between the carrying value and the estimated fair value of the 35.7% of the consideration exchanged results in a gain of $24,477 and has been calculated as follows:

Historical value of the 35.7% equity method investment in $ 26,158 Navios Containers as of December31, 2020Estimated fair value of 35.7% of Navios Containers equity (50,635 ) Estimated gain on equity method investment upon obtaining $ (24,477 )control

The gain on the equity method investment is reflected in the pro forma statement of operations for the year ended December31, 2020, as the Merger is assumed to have occurred on January1, 2020 for purposes of the unaudited pro forma condensed combined financial information. This equity method gain will not affect the Navios Partners statement of operations beyond 12 months after the closing of the Merger.

The calculation of the pro forma basic and diluted earnings per share attributable to the holders of Navios Partners Common Units is based on:(3 ) (i)the closing share price of Navios Partners Common Units of $11.20on December31, 2020, and (ii)the Exchange Ratio for Navios Containers Public Units.

For the year ended December 31, 2020Numerator: Pro forma net income $ 73,146 Net income attributable to common unit holders (basic $ 71,683 and diluted)Denominator: Weighted average units outstanding 10,966,518 Units issued as consideration for the Merger 8,132,787 Denominator for basic and diluted net income per unit: Pro forma weighted average units 19,099,305 Net income per unit, basic and diluted $ 3.75

EXHIBIT 5

NAVIOS MARITIME CONTAINERS L.P. FINANCIAL STATEMENTS

UNAUDITED CONSOLIDATED BALANCE SHEETS AT DECEMBER 31, 2020 AND 2019UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS FOR EACH OF THE YEARS ENDEDDECEMBER 31, 2020, 2019 AND 2018UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR EACH OF THE YEARS ENDEDDECEMBER 31, 2020, 2019 AND 2018UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS? CAPITAL FOR EACH OFTHE YEARS ENDED DECEMBER 31, 2020, 2019 AND 2018

NAVIOS MARITIME CONTAINERS L.P.UNAUDITED CONSOLIDATED BALANCE SHEETS(Expressed in thousands of U.S. dollars except unit and per unit data)

December 31, December 31, 2020 2019ASSETS Current assets Cash and cash equivalents $ 7,573 $ 16,685 Restricted cash ? 1,424 Accounts receivable, net 3,456 2,287 Inventories 4,505 4,457 Balance due from related parties, current 150 ? Other current assets 674 4,525 Prepaid expenses 326 72 Total current assets 16,684 29,450 Non-current assets Vessels, net 384,970 395,621 Intangible assets ? 6,288 Deferred drydock and special survey 19,068 19,522 costs, netBalance due from related parties, 8,436 8,195 non-currentOther long-term assets 1,632 1,226 Total non-current assets 414,106 430,852 Total assets $ 430,790 $ 460,302 LIABILITIES AND PARTNERS? CAPITAL Current liabilities Accounts payable $ 3,168 $ 2,343 Accrued expenses 2,813 4,928 Deferred income and cash received in 1,105 807 advanceBalance due to related parties, current ? 16,586 Financial liabilities short term, net of 22,165 8,237 deferred finance costsCurrent portion of long-term debt, net of 10,611 38,496 deferred finance costsTotal current liabilities 39,862 71,397 Non-current liabilities Long-term financial liabilities, net ofcurrent portion and net of deferred 154,272 69,863 finance costsLong-term debt, net of current portion 45,111 129,062 and net of deferred finance costsTotal non-current liabilities 199,383 198,925 Total liabilities 239,245 270,322 Commitment and? contingencies ?

Partners? capital Common unit holders ?32,445,577 and34,603,100 common units issued and 191,545 189,980 outstanding at December 31, 2020 andDecember 31, 2019, respectivelyTotal Partners? capital 191,545 189,980 Total liabilities and Partners? capital $ 430,790 460,302

NAVIOS MARITIME CONTAINERS L.P.UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS(Expressed in thousands of U.S. dollars except unit and per unit data)

Year Ended Year Ended Year Ended December December December 31, 31, 31, 2020 2019 2018 Revenue $ 127,188 $ 141,532 $ 133,921 Time charter and voyage (6,327 ) (5,754 ) (4,178 )expensesDirect vessel expenses (5,488 ) (4,077 ) (1,314 )Vessel operating expenses(management fees entirely (69,147 ) (65,638 ) (53,772 )through related partiestransactions)General and administrative (10,890 ) (10,223 ) (7,413 )expensesTransaction costs (1,626 ) ? (4,990 )Depreciation and amortization (16,598 ) (28,647 ) (38,552 )Interest expense and finance (13,912 ) (16,846 ) (11,785 )costInterest income ? ? 90 Other income 409 603 1,017 Other expense (261 ) (3,443 ) (324 )Net income $ 3,348 $ 7,507 $ 12,700 Net earnings per common unit, $ 0.10 $ 0.22 $ 0.38 basic and dilutedWeighted average number ofcommon units, basic and 34,007,718 34,603,100 33,527,135 diluted

NAVIOS MARITIME CONTAINERS L.P.UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS(Expressed in thousands of U.S. dollars except unit and per unit data)

Year Year Year Ended Ended Ended December December December 31, 31, 31, 2020 2019 2018OPERATING ACTIVITIES: Net income $ 3,348 $ 7,507 $ 12,700Adjustments to reconcile net income tonet cash provided by operating activities:Depreciation and amortization 16,598 28,647 38,552Amortization of deferred financing costs 2,361 1,943 1,598Amortization of deferred drydock and 5,311 3,639 1,314special survey costsChanges in operating assets and liabilities:(Increase)/decrease in accounts (1,169) 356 (2,001)receivable(Increase)/decrease in balance due from (150) ? 5,643related companies, currentIncrease in inventories (48) (3,858) (63)Decrease/(increase) in other current 4,409 (1,622) (2,854)assets(Increase)/decrease in prepaid expenses (254) 28 (100)Increase in balance due from related (242) (333) (2,097)parties, non-currentIncrease in other long term assets (407) (127) (1,099)Increase/(decrease) in accounts payable 828 (1,230) 2,992Increase/(decrease) in accrued expenses 885 2,626 (1,631)(Decrease)/increase in due to related (15,664) 12,521 4,065companiesIncrease/(decrease) in deferred income 298 (1,345) (392)and cash received in advancePayments for drydock and special survey (5,416) (11,776) (9,118)costsNet cash provided by operating $ 10,688 $ 36,976 $ 47,509activitiesINVESTING ACTIVITIES: Acquisition of/additions to vessels (581) (62,513) (170,503)Purchase option fee (3,000) ? ?Net cash used in investing activities $ (3,581) $ (62,513) $ (170,503)FINANCING ACTIVITIES: Proceeds from long-term debt and 119,060 125,022 216,200financial liabilities, netRepayment of long-term debt and (132,400) (98,417) (114,255)financial liabilitiesDebt issuance costs (2,520) (1,851) (3,615)Proceeds from issuance of common units, ? 29,055net of offering costs ?Repurchase of common units (1,783) ? ?Net cash (used in)/provided by financing $ (17,643) $ 24,754 $ 127,385activitiesNet (decrease)/increase in cash and cash (10,536) (783) 4,391equivalents and restricted cashCash and cash equivalents and restricted 18,109 18,892 14,501cash, beginning of periodCash and cash equivalents and restricted $ 7,573 $ 18,109 $ 18,892cash, end of period SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION

Cash paid for interest, net $ 12,016 $ 14,296 $ 9,028

NAVIOS MARITIME CONTAINERS L.P.UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN PARTNERS CAPITAL(Expressed in thousands of U.S. dollars except unit and per unit data)

Common unit holders Partners? Units Amount Capital Balance, December 31, 2017 29,148,554 $ 140,718 $ 140,718 Proceeds from private placements, 5,454,546 29,055 29,055 net of offering costsNet income ? 12,700 12,700 Balance, December 31, 2018 34,603,100 $ 182,473 $ 182,473 Net income ? 7,507 7,507 Balance, December 31, 2019 34,603,100 $ 189,980 $ 189,980 Repurchase of common units (2,157,523 ) (1,783 ) (1,783 ) Net income ? 3,348 3,348 Balance, December 31, 2020 32,445,577 $ 191,545 $ 191,545

EXHIBIT 6

NAVIOS MARITIME CONTAINERS L.P.

Capacity Type Built (TEU)Owned ContainershipsNavios Summer ^(1) Containership 2006 3,450Navios Verano ^(1) Containership 2006 3,450Navios Spring ^(1) Containership 2007 3,450Navios Amaranth ^(1) Containership 2007 4,250Navios Indigo ^(1) Containership 2007 4,250Navios Vermilion ^(1) Containership 2007 4,250Navios Verde ^(1) Containership 2007 4,250Navios Amarillo ^(1) Containership 2007 4,250Navios Azure ^(1) Containership 2007 4,250Navios Domino ^(1) Containership 2008 4,250Navios Delight ^(1) Containership 2008 4,250Navios Dedication ^(1) Containership 2008 4,250Navios Devotion ^(1) Containership 2009 4,250Navios Destiny ^(1) Containership 2009 4,250Navios Lapis Containership 2009 4,250Navios Tempo Containership 2009 4,250Navios Dorado Containership 2010 4,250Navios Felicitas Containership 2010 4,360Bahamas Containership 2010 4,360Bermuda Containership 2010 4,360Navios Miami Containership 2009 4,563Navios Magnolia Containership 2008 4,730Navios Jasmine Containership 2008 4,730APL Denver Containership 2008 4,730Navios Nerine Containership 2008 4,730Navios Utmost ^(1) Containership 2006 8,204Navios Unite ^(1) Containership 2006 8,204Navios Unison ^(2) Containership 2010 10,000Navios Constellation ^(2) Containership 2011 10,000

The vessel is subject to a sale and leaseback transaction for a period (1) of up to five years, at which time Navios Containers has an obligation to purchase the vessel. The vessel is subject to a sale and leaseback transaction for a period (2) of up to seven years, at which time Navios Containers has an obligation to purchase the vessel.







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