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TheStreet Open House

Seaspan CEO Discusses Q1 2011 Results - Earnings Call Transcript

Seaspan Corporation (SSW)

Q1 2011 Earnings Call

May 5, 2011 10:00 a.m. ET

Executives

Gerry Wang – CEO

Sai Chu - CFO

Analysts

Ken Hoexter – Bank of America/Merrill Lynch

Gregory Lewis - Credit Suisse

Justin Yagerman [Josh], with Deutsche Bank

Noah Parket – Cantor Fitzgerald

Ir Stir [ph] – Lazard Capital Markets

Presentation

Operator

Welcome to the Seaspan Corporation conference call to discuss the financial results for quarter and year-ended March 31, 2011. Hosting the call today is Gerry Wang, Chief Executive Officer, Co-Chairman and Co-founder of Seaspan Corporation, and Sai Chu, Chief Financial Officer of Seaspan Corporation. Mr. Wang and Mr. Chu will be making some introductory comments, and then we will open the call up to Q&A. I will now turn the call over to Sai Chu.

Sai Chu

Thank you operator, and good morning everyone, and thank you for joining us today. Before we begin, please allow me to remind you that this presentation contains certain forward-looking statements as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended. Concerning future events in our operations, performance and financial condition, including in particular, the likelihood of our success in developing and expanding our business, expected company performance during 2011, 2012, and 2013, our ability to increase our dividends and our ongoing negotiations with shipyards for the purchase of new building vessels.

These forward-looking statements reflect management's current views only as of the date of this presentation and are not intended to give any assurance as to future results. As a result, you are cautioned not to rely on any forward-looking statements. Although these statements are based upon assumptions we believe to be reasonable based upon available information, they are subject to risks and uncertainties detailed from time to time in our periodic reports.

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