- Rickmers Maritime reported financial results for the second quarter and first half of 2013, with highlights including successfully raising $80.7 million from a rights issue and paying down $73.7 million in bank loans. - Charter revenue remained steady at $35 million in Q2 2013, with net profit of $7.7 million, though net profit was down 14% from the same period last year. - The outlook discusses planned drydockings of vessels through the end of 2014 to satisfy regulatory maintenance requirements, with an extended drydock trial program allowing for longer periods between maintenance.

1. Financial Results Presentation
Second Quarter and First Half 2013
26 July 2013

2. Financial Performance
Business Review
Outlook
Highlights

3. Page 2 | Results Presentation
Financial Highlights
From 1 January to 30 June 2013
2Q2013 Highlights:
• Successful rights issue, raising US$80.7 million (S$101.7 million) in gross proceeds
• Charter revenue stayed firm at US$35.0 million, with net profit of US$7.7 million
• The Trust paid down US$73.7 million in bank loans, of which US$54.7 million was from the rights issue, bringing
bank borrowings down to US$476.6 million and gearing to 50%
• Distribution of 0.60 US cents per unit, payable on 29 August 2013

4. Highlights
Outlook
Financial Performance
Business Review

5. Page 4 | Results Presentation
Income Statement
2Q2013 2Q2012 % ∆ 1H2013 1H2012 % ∆
Charter revenue 35,018 36,004 (3) 70,516 71,696 (2)
Other income 1,597 1,635 (2) 3,199 3,371 (5)
Other gains/(losses) - net 71 (324) NM 104 (336) NM
Total income 36,686 37,315 (2) 73,819 74,731 (1)
Add/(less):
Depreciation (9,407) (9,398) 0 (18,909) (18,860) 0
Amortisation of favourable charter contracts (128) (128) 0 (256) (256) 0
Vessel operating expenses (9,310) (8,744) 6 (18,081) (17,800) 2
Trustee-Manager fee (781) (767) 2 (1,551) (1,520) 2
Other trust expenses (146) (144) 1 (346) (329) 5
Transaction fees (157) 0 NM (157) 0 NM
Finance expenses (9,056) (9,222) (2) (16,083) (18,817) (15)
7,701 8,912 (14) 18,436 17,149 8
Income tax credit 0 0 NM 0 4 NM
7,701 8,912 (14) 18,436 17,153 7
Net profit margin 22% 25% 26% 24%
* NM: Not Meaningful
Profit before income tax
In US$'000
Net profit after tax

6. Page 5 | Results Presentation
Balance Sheet Highlights
Note:
1) Based on total issued units of 847,350,000 as at 30 June 2013 and 423,675,000 as at 31 December 2012
In US$'000 As at 30 Jun 2013 As at 31 Dec 2012 % ∆
Assets
Cash and cash equivalents 67,066 57,168 17
Net book value of vessels 981,646 997,178 (2)
Other current and non-current assets 45,383 45,651 (1)
Total assets 1,094,095 1,099,997 (1)
Liabilities
Secured bank loans 475,220 568,402 (16)
Derivative financial instruments 24,227 34,896 (31)
Convertible loan 50,313 49,595 1
Other current and non-current liabilities 21,591 23,752 (9)
Total liabilities 571,351 676,645 (16)
Total unitholders' funds 522,744 423,352 23
Net Asset Value / Unit (US$)
1
0.62 1.00 (38)

7. Page 6 | Results Presentation
Statement of Cash Flows
In US$'000 2Q2013 2Q2012 1H2013 1H2012
Cash flow from:
Operating activities 26,181 26,605 50,676 51,490
Investing activities (1,113) (581) (1,710) (2,268)
Financing activities (7,714) (24,723) (38,161) (50,833)
Net change in cash & cash equivalents 17,354 1,301 10,805 (1,611)
Cash & cash equivalents at beginning of period 49,723 50,636 56,276 53,536
Effects of exchange rate changes on cash and cash equivalents (11) (6) (15) 6
Cash & cash equivalents at end of period 67,066 51,931 67,066 51,931

8. Page 7 | Results Presentation
Cash Flow Available for Distribution
In US$'000 FY2008 FY2009 FY2010 FY2011 FY2012 1H2013 1H2012 2Q2013 2Q2012
Profit/(Loss) after tax 34,437 40,741 (28,553) 40,326 27,623 18,436 17,153 7,701 8,912
Add/(less):
Non-cash adjustments and others 22,280 36,379 78,566 30,544 38,058 14,030 14,811 7,205 7,335
Interest expense - net 19,900 34,267 42,169 42,636 40,525 16,476 20,467 8,077 10,173
EBITDA 76,617 111,387 92,182 113,506 106,206 48,942 52,431 22,983 26,420
Non-recurring expenses 762 441 21,765 0 0 1,957 0 1,957 0
Adjusted EBITDA 77,379 111,828 113,947 113,506 106,206 50,899 52,431 24,940 26,420
Add/(less):
Movement in working capital 23 738 2,384 (2,500) 2,873 (393) (934) 885 113
Dry-dock reserve (1,656) (2,205) (2,033) (3,755) (3,058) (2,023) (2,790) (1,014) (1,355)
Cash flow available for distribution before payment
to debt capital providers
75,746 110,361 114,298 107,251 106,021 48,483 48,707 24,811 25,178
Net proceeds from rights issue 0 0 0 0 0 78,748 0 78,748 0
Payment to debt capital providers (23,774) (43,050) (164,368) (92,268) (93,785) (112,668) (46,592) (84,763) (23,024)
Repayment of bank loans 0 (9,804) (104,999) (49,037) (52,003) (93,317) (25,173) (73,656) (11,886)
Interest paid - bank loans, int. rate swaps and conv. loan (19,536) (33,246) (41,691) (42,338) (40,889) (16,658) (20,526) (8,414) (10,245)
Debt processing fee 0 0 0 0 0 (1,800) 0 (1,800) 0
Loan restructuring fees 0 0 (2,678) (893) (893) (893) (893) (893) (893)
Debt arrangement fees (4,238) 0 0 0 0 0 0 0 0
Cash compensation fee 0 0 (15,000) 0 0 0 0 0 0
Cash flow available for distribution to unitholders 51,972 67,311 (50,070) 14,983 12,236 14,563 2,115 18,796 2,154
Amount to be distributed to unitholders 37,665 16,566 9,787 10,168 10,168 7,626 5,084 5,084 2,542
^ Distribution was partly funded from cash retained in prior periods
^ ^^

9. Page 8 | Results Presentation
Cash flow available for distribution before
payment to debt capital providers (US$'000)
75,746 110,361 114,298 107,251 106,021 48,483
Distribution declared (US$'000) 37,665 16,566 9,787 10,168 10,168 7,626
DPU (US cents) 8.89 3.91 2.31 2.40 2.40 1.20
Weighted average number of units ('000) 417,262 423,675 423,675 423,675 508,410 572,432
0
30,000
60,000
90,000
120,000
2008 2009 2010 2011 2012 1H2013
US$'000
Distributions
Cash flow available for distribution before payment to debt capital providers (US$'000)
Distribution declared (US$'000)
Distributions to Unitholders
50% 15% 9% 9% 10% 16%
* Consists of distribution of 0.6 US cents for total units of 423,675,000 for 1Q2013 and 0.6 US cents for total units of 847,350,000 for 2Q2013
*

10. Page 9 | Results Presentation
Loan Facility Security
IPO Facility 1.75% 2017 282.9 282.7 110% Secured against the initial 10 vessels in the
IPO Fleet.
VTL covenant for the IPO Facility is 125% if
more than half of the vessels secured against
the IPO Facility have charters of less than one
year.
First Facility 1.75% 2019 164.2 163.2 110% Secured against the five Mitsui vessels.
Second Facility 1.75% 2021 29.5 29.3 110% Secured against the vessel Hanjin Newport.
TOTAL 476.6 475.2
^ Before the deduction of unamortised debt transaction costs of US$1.4 million
Margin above 3-
month US$ LIBOR
VTL Requirement
in Loan Facility
Face Value
US$' million
Year of
Maturity
Carrying Amount
US$'million
^
Outstanding Bank Loans
As at 30 June 2013
• The Group has successfully obtained an extension of the waiver on the value-to-loan covenants for all loan facilities to 29 December 2014
As at 30 June 2013:
Top Up Facility has been fully repaid
Notional amount of interest rate swap contracts outstanding: US$391.6 million (31 Dec 2012: US$478.0 million)
Interest rate swaps fixed between 3.50% to 4.99% per annum, with maturity before 1 July 2015

11. Page 10 | Results Presentation
Bank Loans Repayment Schedule
Repayment (in US$ million)
1H
2013
3Q
2013
4Q
2013
FY
2014
FY
2015
FY
2016 - 2021
Bank loan repayments 86.9 18.5 12.1 48.3 46.7 349.0
Excess cash repayments* 6.4 2.0
Depends on Excess
Cash Generated*
- -
Total 93.3 20.5 12.1 48.3 46.7 349.0
Excludes repayment of convertible loan
Total bank debt repaid in 1H2013: US$93.3 million, of which US$54.7 million was from the Rights Issue proceeds
Total bank debt remaining: US$476.6 million (as at 30 June 2013)
ProjectedActual
US$476.6 million
* Excess cash repayments will only continue for as long as the VTL covenant waiver is in place

12. Page 11 | Results Presentation
Gearing
>>> Interest Coverage for 1H2013 at 2.9x
67%66%60% 63% 59% 50%

13. Page 12 | Results Presentation
Successful Rights Issue
Gross proceeds US$80.65 million
As at 30 June 2013:
Less: Year-to-date expenses relating to rights issue US$(1.90 million)
Net proceeds US$78.75 million
Use of net proceeds – repayment of bank loans US$54.70 million
In July 2013, the Trust utilised US$6.13 million of the net proceeds to
further repay bank loans, bringing the total amount to US$60.83 million.
The above utilisation is in line with the intended use of the net proceeds
stated in the Offer Information Statement.
Updates on the use of the remaining net proceeds will be provided as and
when such proceeds are materially disbursed.

14. Highlights
Financial Performance
Outlook
Business Review

15. Page 14 | Results Presentation
Business Review
Fleet Utilisation
* Excluding positioning and scheduled dry-docking
2Q2013 2Q2012 1H2013 1H2012
Number of Vessels 16 16 16 16
Vessel Ownership Days 1,456 1,456 2,896 2,912
Off-Hire Days* 5.1 3.5 9.9 56.6
Fleet Utilisation 99.6% 99.8% 99.7% 98.1%

16. Page 15 | Results Presentation
Diversified Portfolio of Charterers
1H2013 – US$70.52 million 1H2012 – US$71.70 million
• Charter revenue remained stable on the back of long-term charters with reputable counterparties
Hanjin 6%
CMA CGM
37%
CSAV 2%
MOL 34%
Italia
Marittima
20%
Italia
Marittima
20%
CMA CGM
39%
Hanjin
7%
MOL 32%
MSC 2%
MSC 1%

17. Page 16 | Results Presentation
Container Time Charter Market
Source: Clarkson Research Services
US$26,007
(4,400 TEU
10-year average)
Rickmers Maritime’s 2013 Average
Daily Charter Rate: US$24,887

18. Page 17 | Results Presentation
Staggered Remaining Charter Periods
At 30 June 2013:
Average age of vessels: 5.8 years
Average remaining charter period: 2.7 years
Remaining committed revenue: US$407.5 million
Name TEU Charterparty Net Daily Charter Hire
2013 2014 2015 2016 2017 2018 2019
Kaethe C. Rickmers 5,060 MSC US$5,700 (until 24 Sep 2013) / US$6,650 (until Mar 2014)
Ital Fastosa 3,450 Italia Marittima US$25,870
Ital Festosa 3,450 Italia Marittima US$25,870
ANL Warringa 4,250 CMA CGM US$25,000
ANL Windarra 4,250 CMA CGM US$25,000
Ital Fiducia 3,450 Italia Marittima US$25,870
CMA CGM Azure 4,250 CMA CGM US$25,000
ANL Warrain 4,250 CMA CGM US$25,000
CMA CGM Jade 4,250 CMA CGM US$27,000
CMA CGM Onyx 4,250 CMA CGM US$27,000
Hanjin Newport 4,250 Hanjin US$25,950 US$27,950
MOL Dominance 4,250 MOL US$26,850
MOL Dedication 4,250 MOL US$26,850
MOL Delight 4,250 MOL US$26,850
MOL Destiny 4,250 MOL US$26,850
MOL Devotion 4,250 MOL US$26,850
Firm Time Charter Period Expiration Period Optional T/C Period

19. Highlights
Financial Performance
Business Review
Financial &Outlook

20. Page 19 | Results Presentation
Outlook
Future Scheduled Dry-dockings
• Dry-docking of merchant vessels is a regulatory requirement and is carried out in 5-year
intervals in order to allow maintenance of the vessels’ underwater areas
• By end of 2014, all of Rickmers Maritime’s vessels would have undergone their first scheduled
dry-docking
• After completing their first dry-docking, all of the 16 vessels are participating in an extended
dry-dock trial program in which the next scheduled dry-docking for vessel maintenance is
extended from 5 years to 7.5 years
2H2013 FY2014
No. of vessels scheduled for dry-docking 1 2
Scheduled off-hire days (Estimated ) 12 24

21. Page 20 | Results Presentation
Outlook
• The liner carriers have introduced a freight rate restoration program starting 1 July 2013, with a
further freight rate increase from 1 August 2013.
• A significant amount of new ships, mainly very large container ships in excess of 10,000 TEU, is
scheduled for delivery during the next twelve months.
• Despite an increase in scrapping of existing ships, demand is unlikely to absorb the prevailing
over-supply within this year. As a result, recovery of time charter rates and vessel values is
expected to only gather pace in 2014.
• For 2013, expected trade growth is projected to reach 5.0%* and growth in global container capable
capacity is forecasted to marginally outpace demand growth. However, trade growth is subject to
risks from global economic developments, with downside risks being high oil prices and continued
uncertainty in the global economy, especially in the Eurozone and China.
• Our fleet of modern container vessels is fully employed in 2013.
• Barring any unforeseen circumstances, we believe our existing leases will continue to generate
ongoing positive cash flow for the Trust.
* Clarkson Research Services, June 2013

22. Page 21 | Results Presentation
Disclaimer
This presentation should be read in conjunction with Rickmers Maritime’s Financial Statements for the financial year ended 30 June 2013, released via the
SGXNET.
This presentation is not and does not constitute or form part of, and is not made in connection with, any offer, invitation or recommendation to sell or issue, or
any solicitation of any offer to purchase or subscribe for, any units of Rickmers Maritime and neither this presentation nor anything contained in it shall form
the basis of, or be relied upon in connection with, any contract or investment decision.
This presentation does not constitute an offer or invitation in any jurisdiction where, or to any person to whom, such an offer or invitation would be unlawful.
Reliance should not be placed on the information or opinions contained in this presentation. This presentation does not take into consideration the investment
objectives, financial situation or particular needs of any particular investor. Any decision to purchase or subscribe for the Units must be made solely on the
basis of your own judgment, if necessary, after seeking appropriate financial and professional advice.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and
conclusions contained in this presentation. To the maximum extent permitted by law, Rickmers Trust Management Pte. Ltd. (the “Trustee-Manager”) and its
officers, directors, employees and agents disclaim any liability (including, without limitation, any liability arising from fault or negligence) for any loss arising
from any use of this presentation or its contents or otherwise arising in connection with it.
The forward-looking statements set out in this presentation are based on a number of assumptions that are subject to business, economic and competitive
uncertainties and contingencies, with respect to future business decisions, which are subject to change and in many cases outside the control of Rickmers
Maritime and the Trustee-Manager. Accordingly, neither Rickmers Maritime nor the Trustee-Manager can give any assurance that any forward-looking
statement contained in this presentation will be achieved. Neither Rickmers Maritime nor the Trustee-Manager intends to update any of the forward-looking
statements after the date of this presentation to conform those statements to actual results.
By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.
The contents of this presentation are being given solely for your information. Not part of this presentation should be copied, reproduced or redistributed to any
other person in any manner or published, in whole or in part, for any purpose, without the prior written consent of the Trustee-Manager.
By accepting this presentation, you are deemed to accept the foregoing terms and conditions and agree to keep the contents of this presentation confidential.

23. Thank You
For more information, please visit
www.rickmers-maritime.com