Corporate Presentation Annual General Meeting 2012 SAMUDERA SHIPPI - - PowerPoint PPT Presentation

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SAMUDERA SHIPPING LINE LIMITED SAMUDERA SHIPPING LINE LIMITED Corporate Presentation Annual General Meeting 2012 SAMUDERA SHIPPI SAMUD SHIPPING NG LINE LIMITED LINE LIMITED Corporate Overview Industry Trends Operations Review Financial

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Annual General Meeting 2012

Corporate Presentation

SAMUDERA SHIPPING LINE LIMITED SAMUDERA SHIPPING LINE LIMITED

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Corporate Overview

Industry Trends Operations Review Financial Highlights Outlook & Strategy

SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

Corporate Profile

  • Regional provider of efficient and reliable sea transportation

solutions:

  • Extensive container shipping network covering Indian Sub-

continent, South East Asia, Middle East and the Far East markets

  • Widest network coverage in Indonesia

Re Regional Container S ntainer Shipping ipping Indones Indonesia Domest a Domestic Container S ntainer Shipping ipping Bulk C lk Carrier & rrier & T Tank nker er

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

Our International Network

Middle East

  • UAE
  • Iran
  • Kuwait
  • India
  • Bangladesh
  • Pakistan
  • Sri Lanka

South East Asia

  • Singapore (HQ)
  • Indonesia
  • Thailand
  • Malaysia
  • Vietnam
  • Myanmar
  • Philippines
  • China
  • Korea
  • Hong Kong
  • Taiwan

India-Sub Continent Far East

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

Bulk Carrier & Tanker

  • Fleet of 16 tankers and 6 dry bulk carriers
  • Chartered out on spot and medium to long-

term on time charter and contracts of affreightment

  • Back-to-back charter
  • Marine operations services

– harbour tug services, crewing, ship management and terminal operations

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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
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Corporate Overview Industry Trends Financial Highlights Outlook & Strategy

Operations Review

SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

2011 Actions

Regional Container Shipping

  • Converted 3 chartered vessels into owned vessels

– better cost management, balance of owned and chartered vessel portfolio in the long run

2010 2011 No of calls 798 771 Lifting ('000 teus) 1,200 1,266 Load factor 65% 66% No of container (teus) 18,500 25,000 Operational performance

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

2011 Actions

Domestic Container Shipping

  • 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 2010 2011 No of calls 337 420 Lifting ('000 teus) 119 152 Load factor* 65% 60% No of container (teus) 7,700 9,000

Notes: drop in load factor due to some new routes introduced

Operational performance

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

2011 Actions

Bulk Carrier & Tanker

  • 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 2010 2011 Time charter 2,452 2,728 Voyage charter 3,724 3,759 BTB charter * 1,514 983 Total 7,690 7,470

* BTB: Back‐to‐back

Employment days

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Corporate Overview Industry Trends Operations Review Outlook & Strategy

Financial Highlights

SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

Consolidated Profit & Loss

US$'000 2010 2011 Revenue 369,141 454,213 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 6,350 508% Finance, net (2,337) (2,835) 21% Profit before tax 11,041 14,370 30% Profit for the year 9,393 12,572 34%

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

Segmented Results

US$'000 2010 2011 Revenue 369,141 454,213 23% Regional Container 275,426 322,323 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 7,786 959 ‐88% Domestic Container 1,002 9,092 807% Bulk & Tankers 2,253 4,319 92%

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

Balance Sheets

2010 2011 Non‐current assets Vessels 289,786 350,501 21% Non vessels 25,418 24,193 ‐5% Others 7,620 3,378 ‐56% 322,824 378,072 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% 116,330 121,012 4% TOTAL ASSETS 439,154 499,084 14%

US$'000 2010 2011 Current liabilities Trade creditors 20,782 27,876 34% Term Loans 13,779 28,959 110% Others 23,465 23,965 2% 58,026 80,800 39% Non‐current liabilities Term Loans 149,619 180,425 21% Others 1,070 711 ‐34% 150,689 181,136 20% Equity 230,439 237,148 3% TOTAL LIABILITIES AND EQUITY 439,154 499,084 62%

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Corporate Overview Industry Trends Operations Review Financial Highlights

Outlook & Strategy

SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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)

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SAMUD SAMUDERA SHIPPI SHIPPING NG LINE LIMITED LINE LIMITED

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
  • n growth opportunities in Indonesia
  • Explore funding alternatives for future expansion
  • Leverage on the Parent Group strengths

− synergise regional and Indonesia domestic container business −

  • ptimize 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