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| American Eagle Tankers, Inc. |
| 15 Exchange Place, Suite 110, Jersey City, NJ 07302 * (201) 985-0060 |
| Business Description | The company is a leading provider of petroleum transportation services in the Atlantic basin. They currently own or operate a fleet of 24 Aframax tankers, 21 of which are double-hulled and three of which are double-sided. |
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Filing Information Not yet | |||
| To Trade As | AEH (NYSE) | Industry | Transportation (SIC 4412) |
| Type of Stock Offered | Common Shares | Filing Date | 6/5/2001 |
| Domestic Shares Filed | 4,725,000 | Filing Range | $17.60 - $19.50 |
| Foreign Shares Filed | 2,025,000 | Offering Amount | $125,212,495 |
| Company Shares | 6,750,000 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | 25,376,544 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Salomon Smith Barney | Lead Manager | (212) 723-7300 |
| ABN Amro Roth | Co-manager | (212) 314-1080 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 761-5900 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1996 | 12/31/1997 | 12/31/1998 | 12/31/1999 | 12/31/2000 | 3/31/2000 | 3/31/2001 |
| Revenues | 118.206 | 142.472 | 157.019 | 177.607 | 271.986 | 53.589 | 73.590 |
| Income from Oper. | 10.655 | 38.498 | 24.904 | 11.093 | 71.309 | 4.820 | 25.387 |
| Net Income | 0.381 | 18.881 | 11.447 | 0.924 | 61.620 | 2.363 | 23.100 |
| E.P.S | 0.020 | 1.010 | 0.610 | 0.050 | 3.310 | 0.130 | 1.240 |
| Revenue Growth (%) | 20.53 | 10.21 | 13.11 | 53.139 | 37.32 | ||
| Net Income Growth (%) | 4,855.64 | -39.37 | -91.93 | 6,568.83 | 877.57 | ||
| Oper. Profit Margin (%) | 9.01 | 27.02 | 15.86 | 6.25 | 26.22 | 34.50 | 8.99 |
| Net Profit Margin (%) | 0.32 | 13.25 | 7.29 | 0.52 | 22.66 | 31.39 | 4.41 |
| Cash Flow - Oper. | 81.84 | 15.84 | 45.12 | ||||
| Cash Flow - Inv. | -51.96 | -0.14 | -43.53 | ||||
| Cash Flow - Fin. | -22.61 | -8.70 | -13.01 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 3/31/2001 | Financial Ratios | ||||
| Total Assets | 565.10 | Current Assets | - | Current Ratio | - |
| Total Liab. | 258.79 | Current Liab. | - | Debt Ratio | 45.79% |
| Total Equity | 306.31 | Working Cap. | 29.18 | Debt to Equity Ratio | 0.84 |
| Cash | 50.79 | Return on Assets | 4.09% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to fund fleet expansion. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Milbank, Tweed, Hadley & McCloy |
| Bank's Law Firm | Shearman & Sterling |
| Registrar/Transfer Agent | American Stock Transfer & Trust Co |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| NOL | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||