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Monaco - July 27, 2021 • Revenue: o $152.0 million for Q2 2021 o $217.1 million for H1 2021 • Net cash from operating activities: o $61.1 million for Q2 2021 o $77.2 million for H1 2021 • Adjusted EBITDA: o $90.4 million for Q2 2021 o $124.1 million for H1 2021 • Net Income o $99.9 million for Q2 2021 o $236.6 million for H1 2021 • ~ $615.0 million financing arranged year-to-date o ~ $124.3 million to refinance 2021 maturities o No significant maturities until 2023 • Significant fleet expansion o 81% increase in number of vessels year-to-date Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo vessels, today reported its financial results for the second quarter and six month period ended June 30, 2021. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners stated, “I am pleased with the results for the second quarter of 2021. During the second quarter, Navios Partners recorded revenue of $152.0 million and net income of $99.9 million.” Angeliki Frangou continued, “Navios Partners is a top-10 US publicly listed shipping company with a dry cargo fleet of 98 vessels. Of our fleet, 56% are dry bulk vessels and 44% are containerships. This diversified fleet should not only insulate us from normal industry cyclicality, but create optionality as we leverage fundamentals across sectors and reduce cost of capital. Our balance sheet is also strong, with 27.3% net debt to book capitalization and no near term debt maturities”. Fleet Update • Acquisition of six 5,300 TEU Newbuilding Containerships (four plus two on Navios Partners’ option) In July 2021, Navios Partners agreed to purchase six 5,300 TEU newbuilding containerships (four plus two optional) for a purchase price of $61.6 million each. The vessels are expected to be delivered into Navios Partners’ fleet during the second half of 2023 and 2024.The closing of the transaction is subject to completion of customary documentation. • Acquisition of one Newbuilding Capesize Vessel In June 2021, Navios Partners agreed to bareboat charter-in one Japanese newbuilding Capesize vessel from an unrelated third party. The vessel has approximately 180,000 dwt and is being bareboat chartered-in for 10 years. Navios Partners has the option to acquire the vessel starting at the end of year four until the end of the tenth year. The implied acquisition price is approximately $60.0 million and the annual effective interest rate is approximately 4.3%. The vessel is expected to be delivered into Navios Partners’ fleet during the second half of 2022. • Acquisition of one Newbuilding Kamsarmax Vessel In June 2021, Navios Partners agreed to acquire from an unrelated third party a newbuilding Kamsarmax vessel for a purchase price of $34.3 million. The vessel has approximately 81,000 dwt and is expected to be delivered into Navios Partners’ fleet during the first half of 2023. • Acquisition of three Capesize Vessels In June 2021, Navios Partners agreed to acquire from Navios Maritime Holdings Inc. (“Navios Holdings”) (NYSE:NM) the Navios Azimuth, a 2011-built Capesize vessel of 179,169 dwt, the Navios Ray, a 2012-built Capesize vessel of 179,515 dwt, and the Navios Bonavis, a 2009-built Capesize vessel of 180,022 dwt for an aggregate purchase price of $88.0 million. The Navios Bonavis and the Navios Ray were delivered into Navios Partners’ fleet in June 2021 and the Navios Azimuth was delivered in July 2021. The acquisition of these vessels was approved by the Conflicts Committee of the Board of Directors of Navios Partners. • Sale of Two Vessels In July 2021, Navios Partners agreed to sell the Harmony N, a 2006-built Containership of 2,824 TEU, to an unrelated third party for a net sale price of $28.7 million. The sale is expected to be completed during the third quarter of 2021. In July 2021, Navios Partners agreed to sell the Navios Azalea, a 2005-built Panamax vessel of 74,759 dwt, to an unrelated third party for a net sale price of $12.7 million. The sale is expected to be completed during the third quarter of 2021. • Current Fleet Following the above transactions, on a fully delivered basis, our fleet would consist of 98 vessels, 55 dry bulk vessels and 43 containerships with a total capacity of 9.3 million dwt. Financing Update In March 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of $58.0 million in order to refinance two dry bulk vessels and to finance the acquisition of the Navios Avior and the Navios Centaurus. The credit facility has an amortization profile of 8.8 years, matures in March 2026 and bears interest at LIBOR plus 3.0% per annum. In January and March 2021, Navios Partners entered into bareboat charter-in agreements for four Japanese newbuilding Capesize vessels. The total implied amount financed for the three vessels is approximately $144.0 million and for the fourth is approximately $48.0 million and the implied effective interest rate is 4.4% and 5.0%, respectively. In April 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of $40.0 million in order to refinance the existing facility of two dry bulk vessels and to finance the acquisition of two containerships. The facility has an amortization profile of seven years, matures in the second quarter of 2025 and bears interest at LIBOR plus 2.85% per annum. In April 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of $8.9 million in order to finance the acquisition of one containership. The facility has an amortization profile of approximately seven years, matures in the fourth quarter of 2024 and bears interest at LIBOR plus 3.0% per annum. In May 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of up to $160.0 million in order to: (i) refinance its existing facility maturing in August 2021; (ii) refinance one dry bulk vessel; and (iii) finance the acquisition of one dry bulk vessel. The new facility has an amortization profile of approximately eight years, matures in the second quarter of 2025 and bears interest at LIBOR plus 3.10% per annum. In June 2021, Navios Partners entered into a new credit facility with a commercial bank for a total amount of up to $43.0 million, in order to refinance the existing credit facilities of six dry bulk vessels. The facility has an amortization profile of approximately eight years, matures in the second quarter of 2026 and bears interest at LIBOR plus 300 bps per annum. As discussed above, in June 2021, Navios Partners entered into a bareboat charter-in agreement for one Japanese newbuilding Capesize vessel. The implied amount financed for the vessel is approximately $48.0 million and the implied effective interest rate is 4.3%. In June 2021, Navios Partners completed an $18.5 million sale and leaseback transaction with an unrelated third party, for a 2012-built Capesize vessel. The sale and leaseback transaction has a duration of nine years and an implied fixed interest rate of approximately 5.8%. Navios Partners has the option to buy the vessel at maturity. In June 2021, Navios Partners completed a $15.0 million sale and leaseback transaction with an unrelated third party, for a 2009-built Capesize vessel. The sale and leaseback transaction has a duration of six years and an implied fixed interest rate of approximately 6.1%. Navios Partners has the option to buy the vessel at maturity. In July 2021, Navios Partners agreed to enter into a $15.0 million sale and leaseback transaction with an unrelated third party, for a 2009-built Capesize vessel. The sale and leaseback transaction has a duration of six years and an implied fixed interest rate of approximately 6.1%. Navios Partners has the option to buy the vessel at maturity. The transaction remains subject to completion of definitive documentation and is expected to close in the third quarter of 2021. No assurance can be provided that the transaction will be completed in full or in part. In July 2021, Navios Partners agreed to enter into a new credit facility with a commercial bank for a total amount of up to $18.0 million in order to finance the acquisition of one dry bulk vessel. The new facility will have an amortization profile of seven years and will mature in the third quarter of 2026 and will bear interest at LIBOR plus 2.85% per annum. The facility remains subject to completion of definitive documentation and is expected to close in the third quarter of 2021. No assurance can be provided that the transaction will be completed in full or in part. Cash Distribution The Board of Directors of Navios Partners declared a cash distribution for the second quarter of 2021 of $0.05 per unit. The cash distribution is payable on August 12, 2021 to all unitholders of record as of August 9, 2021. The declaration and payment of any further dividends remain subject to the discretion of the Board of Directors and will depend on, among other things, Navios Partners’ cash requirements as measured by market opportunities and restrictions under its credit agreements and other debt obligations and such other factors as the Board of Directors may deem advisable. Long-Term Cash Flow Navios Partners has entered into medium to long-term time charter-out agreements for its vessels with a remaining average term of approximately 1.5 years. Navios Partners has currently contracted out 85.8% of its available days for the second half of 2021, 44.0% for 2022 and 25.6% for 2023, including index-linked charters. Excluding index-linked charters, Navios Partners expects to generate revenues of approximately $230.5 million, $349.0 million and $230.7 million, respectively. The average contracted daily charter-out rate for the fleet is $22,919 for the second half of 2021, $30,091 for 2022 and $32,420 for 2023. Full report About Navios Maritime Partners L.P. Navios Maritime Partners L.P. (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels. For more information, please visit our website at www.navios-mlp.com. Navios Maritime Partners L.P. press release 
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