Exhibit 99.(c)(7)
| Confidential GLOP Internally Adjusted Updated Broker Unadjusted Broker Values (Jun-22) Broker Values (Jun-22) Values (Feb-23) Sponsor Sponsor Sept-22 B/S Dec-22 B/S Sept-22 B/S Dec-22 B/S Dec-22 B/S Steams 145cbm $239.0 $179.2 $196.0 $147.0 $177.8 Steams 145cbm SLB - 31.1 - 31.1 31.1 TFDEs 155cbm 601.2 601.2 521.4 521.4 625.0 TFDEs 155cbm SLB 69.2 69.2 69.2 69.2 69.2 TFDEs 170cbm 150.3 150.3 148.8 148.8 156.8 TFDEs 174cbm 708.4 708.4 701.8 701.8 774.0 Gross Asset Value $1,768.1 $1,739.4 $1,637.2 $1,619.3 $1,833.8 Plus: Cash $155.6 $223.1 $155.6 $223.1 $223.1 Less Debt/Leases/Derivatives (net of fees) (1,019.0) (984.5) (1,019.0) (984.5) (984.5) Less: Preferred Equity (310.7) (291.1) (310.7) (291.1) (291.1) Less: Working Capital (49.0) (46.0) (49.0) (46.0) (46.0) Net Asset Value $545.1 $640.9 $414.1 $520.8 $735.3 Units Outstanding (inc. Class B Units) 54.0 54.3 54.0 54.3 54.3 NAV / Unit $10.09 $11.81 $7.67 $9.59 $13.55 Comparison of Net Asset Value Calculations Source: GasLog Partners management, Partnership filings, Fearnleys, Braemar 1. Gross asset value of $59.8mm subtracted for sale-leaseback of Methane Heather Sally 2. Gross asset value of $49.0mm subtracted for sale-leaseback of Methane Heather Sally 3. $31.1mm added to gross asset value to account for net present value of Methane Heather Sally operating cash flows. Net present value calculated based on 2023E-2025E EBITDA discounted at 12% 4. Owned asset value of $1,733.5mm based on average of Fearnleys and Braemar appraisals as of February 2023 as presented to the Conflicts Committee plus additional value of $69.2mm and $31.1mm reflecting the NPV of operating cash flows for the GasLog Shanghai and Methane Heather Sally, respectively, both of which are on sale-leaseback ($ in millions, except per unit data) 1 1 2 3 3 3 4 Updating Sponsor NAV Calculations for 12/31/22 Balance Sheet Results in Significantly Higher Value |
| Confidential Implied GLOP Price at Peer Trading Multiples Peer Trading Multiples Share Price % of Enterprise TEV Multiple (3/13/23) 52 Week High Market Cap Value 2023E EBITDA 2024E EBITDA $32.92 86.1% $1,804.6 $3,186.9 10.8x 10.7x $20.31 65.2% $2,199.7 $2,566.2 8.3x 7.2x $2.82 62.8% $103.9 $657.6 7.0x 6.0x $13.05 66.4% $259.2 $1,393.4 6.4x 6.3x $12.64 80.1% $678.8 $1,615.5 5.6x 6.5x Peer Median 66.4% 7.0x 6.5x $8.31 89.6% $451.1 $1,504.0 5.5x 7.1x Note: CoolCo Multiple TEV Build Share Price (NOK) 133.06 (x) Exchange Rate 0.095x Share Price (USD) $12.64 (x) Share Outstanding 53.688 Market Capitalization $679 (+) Total Contractual Debt 1,251 (–) Cash & Equivalents (133) (–) Pro Forma Adjustments (182) Total Enterprise Value $1,616 FactSet Consensus 2023E EBITDA $286 2024E EBITDA 247 TEV / EBITDA 2023E EBITDA 5.6x 2024E EBITDA 6.5 Notes Actual debt obligations before consolidating Lessor VIEs Adjustments to 'Q4 figures for sale of the Golar Seal in Feb '23 1 1 2 2 Source: GasLog Partners management, Partnership and Company filings, FactSet (as of 3/13/23) 1. Based on Stifel EBITDA estimates of as of 1/26/23 2. Based on GasLog Partners management EBITDA estimates ($ in millions, except per unit/share data) GLOP Implied Unit Price GLOP EBITDA Peer Median Multiple CoolCo Multiple Implied Unit Price 7.0x $18.03 5.6x $10.79 6.5x $12.99 6.5x $12.99 2023E 2024E $290 $269 2 1 1 2 |
