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Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2021 Highlights for the First Quarter Ended March 31, 2021: Adjusted net income 1 of $58.0 million, or $2.83 per share, for the three months ended March 31, 2021 compared to $33.3 million, or $1.34 per share, for the three months ended March 31, 2020, an increase of 74.2%. Operating revenues of $132.1 million for the three months ended March 31, 2021 compared to $106.2 million for the three months ended March 31, 2020, an increase of 24.4%. Adjusted EBITDA 1 of $96.3 million for the three months ended March 31, 2021 compared to $71.9 million for the three months ended March 31, 2020, an increase of 33.9%. Total contracted operating revenues were $1.2 billion as of March 31, 2021, with charters extending through 2028 and remaining average contracted charter duration of 2.9 years, weighted by aggregate contracted charter hire.

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