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Ardmore Shipping Corporation
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Q3 2023 Earnings Presentation
| Anthony Gurnee | Page 7 of 11 |
May 03, 2024
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"Q3 2023 Earnings Presentation"
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7 7 Maintain fleet over time Continue to invest in fleet to improve performance and reduce carbon emissions, generating strong financial returns Sustain leverage below 40% Focus on maintaining low leverage through market cycles; net leverage of 14% Well-timed accretive growth Ardmore will continue to develop and evaluate potential transactions in a patient and disciplined manner Return capital to shareholders Declaring Quarterly Cash Dividend of $0.16 per share (1) Simultaneously pursuing all of our Capital Allocation Priorities Capital Allocation Policy Investing in fleet efficiency improvements while continuing our variable dividend payments 1. The div idend will be paid on December 15, 2023, to all shareholders of record on Nov ember 30, 2023