Corporate Presentation

Transcription

1 Corporate Presentation Annual General Meeting 2012

2 Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy

3 Corporate Profile Regional provider of efficient and reliable sea transportation solutions: Regional Container Shipping Indonesia Domestic Container Shipping Bulk Carrier & Tanker Extensive container shipping network covering Indian Subcontinent, South East Asia, Middle East and the Far East markets Widest network coverage in Indonesia

4 Our International Network Middle East UAE Iran Kuwait India-Sub Continent India Bangladesh Pakistan Sri Lanka South East Asia Singapore (HQ) Indonesia Thailand Malaysia Vietnam Myanmar Philippines Far East China Korea Hong Kong Taiwan

5 Regional Container Shipping Established feeder services transporting containerised cargo between hub port and spoke ports provide services to Main Line Operators main hub port in Singapore spoke ports throughout our international network Liner services transporting cargo port to port provide service to cargo owner, traders and freight forwarders Fleet of 21 vessels, capacity of more than 27,000 TEUS More than 20 service routes, covering more than 30 ports

6 Indonesia Domestic Container Shipping Fleet of 14 vessels, with total capacity of ~4,200 TEU smaller-sized vessels due to shallow waters at Indonesian ports more efficient operations and faster vessel turnaround have resulted in total volume handled of 152,279 TEUs 10 service routes from Jakarta and Surabaya base to outlying ports in Sumatra, Kalimantan and Sulawesi islands Capitalize strengths of parent company, Samudera Indonesia extensive network strong support services: terminal, warehousing, container depot, trucking and forwarding Cabotage law fully implemented in Indonesia requires vessels plying Indonesia waters to be Indonesia flagged huge domestic market potential with an estimated throughput from the seven busiest port in Indonesia of more than 8,4 million TEUs

7 Bulk Carrier & Tanker Fleet of 16 tankers and 6 dry bulk carriers Chartered out on spot and medium to longterm on time charter and contracts of affreightment Back-to-back charter Marine operations services harbour tug services, crewing, ship management and terminal operations

8 Competitive Advantage Better positioned to tap Indonesia s robust economic growth Unique position combination of Indonesia domestic and regional container shipping services benefit from Indonesia cabotage law well-established brand name Synergies with Samudera Indonesia group extensive network in Indonesia wide customer base logistics capabilities Operational excellence quality and high frequency transportation services Focus on core competencies

9 Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy

10 Regional Container Shipping 2011 Actions Converted 3 chartered vessels into owned vessels better cost management, balance of owned and chartered vessel portfolio in the long run Operational performance No of calls Lifting ('000 teus) 1,200 1,266 Load factor 65% 66% No of container (teus) 18,500 25,000

11 Domestic Container Shipping 2011 Actions Added capacity, 3 acquired and 2 chartered capitalise on cabotage law leverage parent company s customer base and network ride on opportunities provided by booming Indonesian economy Introduced 3 new services linking Jakarta-Padang, Jakarta-Batam, and Surabaya-Balikpapan Operational performance No of calls Lifting ('000 teus) Load factor* 65% 60% No of container (teus) 7,700 9,000 Notes: drop in load factor due to some new routes introduced

12 Bulk Carrier & Tanker 2011 Actions Delivery of 2 dry bulk (supramax) vessels Re-flagged 1 chemical tanker to Indonesian registry Tap on cabotage law opportunity, gives flexibility to deploy tankers in both Indonesia and international waters, in response to market demand Employment days Time charter 2,452 2,728 Voyage charter 3,724 3,759 BTB charter * 1, Total 7,690 7,470 * BTB: Back to back

13 Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy

14 Consolidated Profit & Loss US$'000 Revenue 369, ,213 23% Cost of services (340,792) (426,436) 25% Gross profit 28,349 27,777 2% Marketing & Administrative (16,015) (16,922) 6% Other operating income (exps) 1,044 6, % Finance, net (2,337) (2,835) 21% Profit before tax 11,041 14,370 30% Profit for the year 9,393 12,572 34%

15 Segmented Results US$' Revenue 369, ,213 23% Regional Container 275, ,323 17% Domestic Container 35,960 57,597 60% Bulk & Tankers 57,755 74,294 29% Profit before tax 11,041 14,371 30% Regional Container 7, % Domestic Container 1,002 9, % Bulk & Tankers 2,253 4,319 92%

16 Balance Sheets Non current assets Vessels 289, ,501 21% Non vessels 25,418 24,193 5% Others 7,620 3,378 56% 322, ,072 17% Current assets Cash and bank balances 47,002 30,646 35% Trade debtors 46,297 60,955 32% Others 23,031 29,411 28% 116, ,012 4% TOTAL ASSETS 439, ,084 14% US$' Current liabilities Trade creditors 20,782 27,876 34% Term Loans 13,779 28, % Others 23,465 23,965 2% 58,026 80,800 39% Non current liabilities Term Loans 149, ,425 21% Others 1, % 150, ,136 20% Equity 230, ,148 3% TOTAL LIABILITIES AND EQUITY 439, ,084 62%

17 Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy

18 Current External Conditions Slow US economic recovery, ailing Eurozone and slow China s export growth affect global trade volumes Oversupply situation in almost all shipping segments continues in 2012 Bunker price expected to remain high Challenges in Indonesia port infrastructure issues additional capacity in 2012 new bunker price regulation

19 2012 Priorities Optimize current fleet utilisation & service performance Review non-performing Assets, divest as necessary Explore new opportunity by leveraging low charter hire Strengthening Cash position: - tighter investment - stricter collection Overseas Network restructuring (China, Malaysia, India)

20 Strategic Direction Strike a more balance business portfolio - reduce exposure in low-return and capital intensive business segments - increase exposure in higher-return business segments - re-deploy capacity from underperforming sectors to capitalize on growth opportunities in Indonesia Explore funding alternatives for future expansion Leverage on the Parent Group strengths synergise regional and Indonesia domestic container business optimize cargo generation from Indonesia-wide network explore its customer base venture its logistics capabilities Improve brand awareness to customers, investors as well as public Increase use of technology improve operational efficiency