Mercator Limited. Driven by growth Sustained by values

Transcription

1 Mercator Limited Group Driven by growth Sustained by values 1

2 Mercator at a Glance History Incorporated in Listed on both NSE and BSE Capacity Expansion by more than 1200% since 31 st March nd largest Shipping company in private sector in terms of tonnage Assets Profile Own a diverse fleet of vessels, 6 Tankers and 15 Bulkers Own 5 TSHD Dredgers & 1 CSD Own 1 Floating Production Unit (MOPU+FSO) and 1 FSO Own 3 Coal mines in Indonesia &1 mining license in Mozambique Own 2 onshore Oil blocks in India Financials (USD mln) FY 12 FY 11 FY 10 FY 09 Revenue EBIDTA PAT

3 Growth of Mercator Group Successful Track Record of Launching New Businesses 2006 Entered Dry Bulk Business 2007 Turnover in USD mln Forayed into Offshore Services 2008 Entered Dredging with 4 Trailing Suction Hopper Dredgers Entered Coal with mines in Indonesia and Mozambique Maiden FCCB issue of 60 mln Awarded 2 oil blocks in India Concluded Singapore subsidiary IPO Commenced coal operations in Indonesia Awarded first FPU contract Acquired one more coal mine in Indonesia Commission ed FPU chartered out to Afren PLC, UK at their EBOK field in Nigeria Awarded first EPC contract (ONGC Sagar Samrat) 2010 Secured first FPU (MOPU + FSO) contract with Afren Mercator Group has demonstrated a track record of consistent growth 3

4 Energized transformation in past years FY Revenue Dry Carrier 38% Tanker 25% Dredger 5% FY Revenue Coal 63% Offshore 5% Tankers 8% Dry Carrier 20% Coal 24% Offshroe 9% Evolution from a Shipping (Tanker) Company to Coal, Oil & Gas, Dredging and Shipping (Tankers & Bulkers) Company Dredgers 4% 4

5 Group Business Profile MERCATOR SHIPPING ENERGY TRANSPORTATION LOGISTICS Oil & Gas Coal WET BULK DREDGING DRY BULK COMPLETE SOLUTIONS LIGHTERAGE EPCIC & EPC Procurement E & P 3 mines in Indonesia & 1 mining license in Mozambique 6 Tankers with DWT of 630,966 6 Dredgers with DWT of 33, Bulkers with DWT of 1,619,096 Chartered Barges Trucks / Equipment Chartered Barges MOPU + FSO 2 Oil Blocks 5

6 Bulkers Business Strategy Brazil China South Korea Indi Iron Ore Iron a Ore Coal Indonesia Deploy substantial portion of fleet capacity on long term contracts to hedge against freight volatility Focus on high growth markets in dry bulk trade from China and India Iron Ore VLOC routes Coal Iron Ore Australia To provide customized endto-end logistics solutions Leverage strong and continued relationships with existing customers We specialize in transportation of commodities such as coal and iron ore to and from countries like India, Indonesia, China, Brazil and Australia. Mercator Singapore Mercator India Ship voyage Trucks/ Rail Port loading with geared vessels Coal Port unloading with geared vessels Barges Jetty Stock Yard User Site Trucks/ Rail 6

7 Growth of Coal Business Acquired coal mines in Indonesia and Mozambique Commenced mining operations in Indonesia Entered into Procurement and Logistics business in Indonesia Acquired another coal mine in Indonesia Awarded GTP status in Singapore 291 Achieved 14 mln MT cumm qty from start Sales Tonnage (mln MT) Coal Business Revenue ( USD mln) 75% India 25% China & others 7

8 Leveraging Logistics Expertise with Asset Ownership Value Chain Mining Transportation / Logistics Value Enhancement Distribution End Customer Presence across all stages of the value chain Investment in upstream assets Secure on going supply of product to customers Logistics support for feasible transportation of coal to tertiary coal miners in Indonesia who lack access to logistics Coal trader earning superior margins on back of its ability to aggregate demand on the back of its logistics infrastructure Access to a small port with a jetty for barges to move coal to the mother vessel Mercator with its integrated business model seeks to move the focus from the mine to the logistics and infrastructure required to ensure that the coal reaches the end customer 8

9 Coal: Assets Profile & Business Activity Indonesia Mining 3 producing mines in East Kalimantan Over 75 mln MT resources Current production 1 mln MT per annum Target production of 4 mln MT p.a. for 2013 Control over complete logistic/evacuation chain Indonesia Procurement & Logistics Mozambique Mine License Sourcing alliances from various miners Procuring presence in East Kalimantan, South Kalimantan, Central Kalimantan and Sumatra 3 own Jettys under operation at Petangis and at Batuah Efficiency in controlling sourcing and logistics Flexibility in dealing various grade of coal Huge coal resources over 3 bln MT Area of ~17,990 hectares in Tete province License is in the Moatize Minjova coal basin 9

10 Petangis Mines, Indonesia 10

11 Batuah Mine, Indonesia HAUL ROAD JETTY BRIDGE STOCKPILE CONTAINER BRIDGE CONCESSION: PIT1 pit1 CONCESSION

12 Procurement & Logistics Business Small Miner A Small Miner B Sourcing Barging Load Port Logistics Vessel Planning Stevedoring Export Documents Blending Mother Vessel Fully Loaded Stock Pile Small Miner C Quality Checking Handling complete activities for efficient and timely completion of vessel while minimizing dead freight and demurrage 12

13 Oil & Gas Business Presence Oil & Gas Division Oil Services EPC E&P Asset ownership with long term contracts with oil cos Turnkey projects with reputed cos, short duration with minimum capital Oil blocks ownership with upside of equity barrels 13

14 Floating Production Unit Nigeria 14

15 FPU in operation at Nigeria 15

16 FPU Operational Performance First oil in record 432 days from award of contract Continuous operation over a year now with full efficiency World class safety standards, HSSE policies and processes in place Current Avg daily production of 30,000 barrels 16

17 Sagar Samrat Conversion Project Client Oil & Natural Gas Corporation Ltd (Indian state owned Oil & Gas exploration giant) Scope of Work EPC contract for conversion of MODU to MOPU Consortium Partner Gulf Piping Co, Abu Dhabi Contract Award Date 17 th November 2011 Target Completion Date 31 st May 2013 Project Value Apprx 155 mln 17

18 Sagar Samrat MODU to MOPU Current State Post Demolition Docked to WHP Post Conversion 18

19 Exploration Blocks Portfolio Cambay Basin CB-9 CB-3 Block located in Baruch Jambushar tectonic block in south Cambay Basin Block located in Mehsana Ahmedabad tectonic block in north Cambay Basin Covers an area of apprx 130 Sq Km Covers an area of apprx 48 Sq Km Surrounded by producing fields: Palejin East Matarin North Ankleshwar and Andada in South Gandhar and Pakhajan in West The block is situated south of Bechraji field and west of North Kadi Field and significant discoveries adjacent to the block and in the region

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