2018 Results February 2019 Our business portfolio Increased - PowerPoint PPT Presentation

2018 Results February 2019

Our business portfolio • Increased • Expanded service registered • Started International route to “the Service Incomes capital to 259 • Established marine transportation Philippines” MB to support AMAL with (“Myanmar route”) • Registered capital MB stock dividend • Registered capital registered • Registered capital increased to 110 MB payment increased to 12 MB capital of 5 MB increased to 100 MB 2,000 1,500 2003 2001 2002 2005 2014 1998 1999 2016 2018 72.6% 1,000 73.2% 72.8% 500 99.3% 79.2% • Overall revenues • Transformed to Public • Expanded • Registered • Established AMA 20.8% 27.2% 26.8% 27.4% came from Company Limited and capital increased service route to with registered International listed in MAI on 22 0 to 60 MB “Vietnam” capital of 1MB transportation December 2014 2015 2016 2017 2018 Registered capital • increased to 216 MB AMAL’s registered capital • AMAL AMA increased to 190 MB No. of tankers & tanker trucks Year 1996 1999 2001 2002 2005 2009 2010 2012 2013 2014 2015 2016 2017 2018 No. of vessels (units) 2 4 4 5 4 3 4 6 5 5 6 7 10 11 Total deadweight (DWT) 3,814 10,245 13,861 16,791 14,266 11,440 16,203 23,781 18,876 18,876 23,699 33,641 82,981 96,202 No. of trucks (units) 5 43 100 150 150 Loading quantity (ml) 0.23 1.94 4.50 6.75 6.75 2

Palm oil industry Major palm oil production countries million MT Global source of production and exporter of palm Indonesia Palm oil production growth has been highest in Indonesia and Malaysia Malaysia, and the spike is expected to continue. Thailand Columbia Nigeria 2012 2013 2014 2015 2016 2017 2018 Palm oil importers Palm oil exporters million MT million MT 50 50 40 40 30 30 20 20 10 10 - - 2012 2013 2014 2015 2016 2017 2018 2012 2013 2014 2015 2016 2017 2018 Source: The Oil Palm, a project of the Malaysian Palm Oil Council (MPOC) India Europe Indonesia Malaysia Remark: red color represents the countries the produce palm China Pakistan Guatemala Colombia Bangladesh Others Papua New Guinea Others Source: www.indexmundi.com 3

A leader of palm oil transportation The service provider of vegetable oil transportation in SEA Our fleet No. of Market share No Vessels DWT Year Year Service provider DWT Vessels in SEA (%) built purchased AMA Marine PLC 9 70,438 14.28% 1 Chao 4,763 1995 2010 Raffles, Singapore 5 52,843 10.71% Anoma Our product delivery Thai Ship owner 3 7,820 1.59% 2 Primrose 4,908 1992 2012 Megaports, Singapore 1 6,790 1.38% Thai Ship owner 3 1 6,275 1.27% AMA 3,110 1994 2012 Tien Thanh, Vietnam 2 5,761 1.17% Palm oil, 4 Bergprai 3,165 1993 2012 Samuraya Layer Sentosa - 97% 1 4,718 0.96% Medan, Indonesia 5 Meson 4,823 2003 2015 Thai Ship owner 1 2,998 0.61% 6 Meya 9,942 2007 2016 Others 33 335,681 68.04% Total 56 493,324 100.0% 7 Ulaya 13,020 2009 2016 8 Alinya 12,999 2009 2017 Other vegetable oil 9 Anika “The Joint Venture Companies between Kuala Lumpur Kepong Berhad, registered company in The Stock 13,250 2008 2017 e.g. soy bean Exchange of Malaysia and PT Astra Agro Lestari, registered company in The Stock Exchange of Indonesia” 10 oil, coconut Salina 13,001 2008 2017 oil, 3% 11 Alisha 13,221 2008 2018 “An International Company Exporting “The Leading Agriculture Business in Asia. The World Consumption Oils and Other Oils” Biggest Manufacturer and Distributor Palm Oil” Total 96,202 deadweight Agri Oils Pte Ltd 4

Our market shares AMA provides the medium tankers which are • suitable for SEA due to the shallow watercourse. 33% AMA provides the service in the areas where • they are the center of production and 23% consumption of the world. In 2018, 6.73% of total palm oil import • China volume to Southeast Asia, China, East Coast India and Bangladesh were delivered by AMA Marine. Bangladesh 6% Southeast Asia East Coast India 38% 5

Rising vehicles, rising fuel consumption Domestic fuel consumption 40 The Ministry of Energy has increased the content of palm oil in • 30 biodiesel from the average of 6.6% to 6.8%, effective from 1 Gasoline November 2018. Then, the blended proportion will increase to 20 Diesel 6.9% in next two months. This will absorb 80,000 tons of the 10 crude palm oil per year. According to European standards (EN 590), vehicle manufacturers agreed to add B100, but not - over 7.0%. 2013 2014 2015 2016 2017 2018 Source: DOEB Average daily B100 production 6.000 4.000 2.000 - 2013 2014 2015 2016 2017 2018 Source: DOEB No. of truck registered in Thailand 900 Non-Public 600 Trucks 300 Personal Trucks 0 Source: DLT 2013 2014 2015 2016 2017 2018 6

Thailand transportation GDP from Transport in Thailand increased to • 279,708 THB million in the 2 nd quarter of 2018, reaching an all time high ever. Logistics 2017 2018 business 6% Value Growth Value (MB) Growth (MB) (%) (%) 4% Land 137,700 6.2 145,100 – 5.3 – 7.0 147,300 Warehouse 71,700 6.2 75,500 – 5.3 – 7.0 2% 76,700 Freight 57,700 1.6 58,000 – 0.5 – 2.1 0% forwarder 58,900 Post 28,100 8.7 30,800 – 9.6 – 11.3 31,300 -2% Remark: Logistics value calculated from National Income of Thailand 2018 2016 2014 Source: Kasikorn Research Center Remark: Thailand GDP annual growth rate Source: Trandingeconomics.com 7

Efficient route management No. of AMAL’s truck Backhauling management Product delivery units • AMAL constantly extends the service 200 180 routes, including backhauling services that will continuously drive our revenues. 150 Gasoline & 150 150 Gas Oil, 90% 100 100 Bio-diessel (B100), 10% 43 50 5 0 Gasoline & Gas Oil Bio-diessel (B100) 2014 2015 2016 2017 2018 2019f Liquid Products 8

2018 statements of financial position Financial Statement (Consolidated) Bought “Alisha” of USD 8.7 million as at December 31, 2018 • Jan 2018 6,000 Dividend payment of Baht 129.48 million • May 2018 (2.35%) 4,500 (88.22) 3,667.30 (0.39%) 3,000 (8.13) (4.73%) (80.09) 2,054.53 1,500 1,612.77 3,755.52 1,692.86 2,062.66 - Total Assets Total Liabilities Total Shareholders' Equity FY2017 FY2018 9

Revenue is on the upward trend Comprehensive Income Statement (Consolidated) 32.3% 32.5% 30.0% 29.8% 1,000 40% 27.7% 27.4% 26.2% 25.5% 20.7% 18.1% 16.8% 17.3% 800 20% 8.1% 5.5% 4.8% 0.9% 22.4% 19.7% 18.3% 18.0% 14.0% 12.7% 600 11.9% 0% 11.0% 497.93 454.44 451.03 440.56 386.25 384.45 335.85 324.11 498.41 400 -20% 287.27 452.87 451.06 265.14 436.14 230.50 379.44 378.32 181.54 331.29 298.79 200 290.92 -40% 263.83 228.58 178.36 60.31 83.05 92.75 87.91 125.46 94.56 121.02 161.82 85.78 112.62 112.77 132.38 - -60% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Service Income Service Income w/o FX EBITDA GP Margin NP Margin 18.21% Gross Profit Margin Net Profit Margin 273.32 2,000 40% 30% 1,600 28.18% 30% (22.97%) 16.87% 1,200 FY2017 20% 18.37% (97.14) (64.64%) 20% 1,773.97 FY2018 800 (163.62) 10% 325.79 5.05% 10% 400 89.52 1,500.65 422.93 253.15 0% 0% - 2017 2018 2017 2018 Service Income Gross Profit Net Profit 10

4Q18 marine services Comprehensive Income Statement (Separate) Gross Profit Margin Net Profit Margin for three-month period end December 31, 2018 40% 30% 35.63% 22.84% 5.80% 400 30% 20% 19.83 19.19% 350 20% 10% 5.75% 300 10% 0% 2017 2018 2017 2018 250 200 USD/Barrel MB 361.62 (43.02%) 341.80 361.62 400 341.80 (52.40) 150 329.46 323.29 290.59 (73.36%) 273.33 300 232.98 232.41 (57.26) 100 200 121.80 121.80 85.63 50 69.38 69.40 63.51 58.98 53.49 78.06 45.14 69.40 100 20.79 - 0 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Service Income Gross Profit Net Profit 2017 2018 Service income Gross profit 11

2018 marine services Comprehensive Income Statement (Separate) Gross Profit Margin Net Profit Margin for the year end December 31, 2018 40% 30% 31.00% 19.85% 1,500 30% 17.30% 20% 189.94 17.63% 20% 10% 1,200 3.20% 10% 0% 2017 2018 2017 2018 900 USD/Barrel MB 1,287.71 75.07 600 74.53 80 160 1,097.77 (33.30%) 68.76 66.86 61.40 (113.32) 120 (81.12%) 53.59 60 52.10 121.80 49.55 (176.80) 300 80 85.63 40 340.33 69.38 69.40 63.51 40 58.98 227.01 217.95 53.49 41.15 45.14 - 20 0 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 Service Income Gross Profit Net Profit 2017 2018 Avg. Brent FOB spot price Gross profit 12

4Q18 inland truck services Comprehensive Income Statement Gross Profit Margin Net Profit Margin for three-month period end December 31, 2018 20% 26% 24.77% 14.63% 15% 10.75% 160 21.00% 24% 10% 23.39 21.99% 140 22% 5% 120 20% 0% 2017 2018 2017 2018 100 MB 136.31 80 150 121.57 117.26 136.31 112.65 111.12 120 103.43 60 95.67 112.65 91.13 36.33% 90 64.44% 9.00 40 7.83 60 33.77 20 33.77 24.39 24.77 24.70 20.76 20.06 19.55 24.77 30 19.94 12.50 12.11 - 0 Service Income Gross Profit Net Profit 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018 Service income Gross profit 13