Namyong Terminal Plc Namyong Terminal Plc. Management Roadshow - - PowerPoint PPT Presentation
Namyong Terminal Plc Namyong Terminal Plc. Management Roadshow Presentation Management Roadshow Presentation November 2015 Agenda Section 1 Industry Overview Section 2 Section 2 Company Overview Company Overview Section 3 Business Overview
November 2015
Section 1 Industry Overview Section 2 Company Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
Page 1
Thailand’s Export Value Year 1994 – 2014
(U it THB billi )
CAGR = 9.27%
2 51.37 113.34 707.99 082.49 909.74 314.70
(Unit: THB billion)
31 4 6.68 248.09 214.25 2,768.06 2,884.70 2,923.94 3,325.63 3,873.69 4,438.69 4,937.37 5,302.1 5,85 5,194.60 6,1 6, 7, 6, 7, 1,137.60 1,406.3 1,411.0 1,806 2,2 2,2
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Rank #10
Composition by sectors of Thailand’s export
Automobile, parts and accessories Computers parts and
Rank #1
Rank #3
Rank #1
Rank #2
Computers, parts and accessories
Others
Key Event
In 1994, BOI revised automotive policy to support exports & In 1996, Commencement
exports In 2000, Government’s policy to promote Thailand as “Automotive Hub Toyota moved its factory of pick‐up from Japan to Thailand & Nissan increased its 1998 2003 2014 Page 2
Source: Ministry of Commerce
exports & distribution of regional plants exports as Automotive Hub
increased its investment
Section 1 : Industry Overview
Roll‐on/Roll‐off (Ro/Ro) means a rolling stock cargo which
7 Types of Terminals: in accordance with types of does not require cranes to be loaded/unloaded but is driven
Roll‐on/Roll‐off Container
1 2
accordance with types of cargoes
3
Container Fishing Passenger
2 4
transportation
General Cargo Bulk Cargo Li id
6 5
Page 3
Liquid
7
Section 1 : Industry Overview
Example of Well‐known Ports in Thailand
A1
A2
in Thailand
A5 A1
C1 B5 B4 B3 B2 B1 A0 A2 A3 A4
B C
C0
D3 D2 D1 D2 C1 C2 C3
Laem Chabang Port
A
Berth Width/
Ro/Ro Terminal Container Terminal Multi‐purpose Terminal Bulk Cargo Terminal
A Laem Chabang Port E
Terminal Type Berth Width/ Depth (Meter) Terminal Operator
A5 Ro/Ro and General Cargo Terminal 697/17 Namyong
g B Bangkok Port C Map Ta Phut Port D Port of Songkhla E Port of Phuket D
A1 Passenger and Ro/Ro 365/14 NYK C0 Ro/Ro and General Cargo Terminal 600/16 LRT (NYK and Namyong as shareholders)
Page 4
Section 1 : Industry Overview
Eastern of Thailand
Car Makers Location of Plant(s) Distance from Plants to
Car Makers Location of Plant(s) Laem Chabang Port Mitsubishi Laem Chabang Industrial Estate (Chonburi) 6.5 km. Ford, Mazda Eastern Seaboard Industrial Estate (Rayong) 35.9 km. Toyota
(Chachoengsao)
(Chachoengsao)
Nissan Bangna‐Trad Km.21 (Samut Prakarn) 88.3 km. Isuzu Phra Padaeng (Samut Prakarn) 117.0 km. H d R j I d i l E 145 0 k Honda
(Prachin Buri)
(Ayutthaya)
Laem Chabang Port Page 5
Section 1 : Industry Overview
Car Makers Car Makers Infrastructure Infrastructure Supporting Car Storage Area Supporting Car Storage Area Ro/Ro Terminal Ro/Ro Terminal Vessels Vessels
A5 A1
C B5 B4 B3 B2 B1 A0 A2 A3
Supporting Area Ro/Ro Terminal
A4
C0
D3
D 2
D1 D2 C1 C2 C3
Highway No.331 Bypass No.36 Motorway from BKK Laem Chabang Port Sukhumvit
are in proximity area
M i f
and convenient road for car carriers H i l
car preparation before being loaded h i l
plants and i f
vessels
d b d
Laem Chabang Port Road
car makers if database can be linked to the system
routes to reach the terminal to the terminal e.g. sticker attached, car cleaning
convenient for vessels to dock
stevedore on board
Page 6
Section 1 : Industry Overview
area for car storage
Section 1 Industry Overview Section 2 Company Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
Page 7
Company Description
Leungsuwan F il Nam Yuen Yong Shipping Co., Ltd. (“Nam Yuen Yong”)
Ship agent Namyong Terminal Plc. (“Namyong”)
Laem Chabang Port S i id Family
100%
N Y K (Thailand)
storage area and warehousing Sapphire RoRo (Thailand) Limited (“SRT”)
L h b I i l R C0 T i l Nam Yuen Yong N.Y.K. (Thailand) Co., Ltd.
25% 18% 22%
Public
35% 100%
Laemchabang International Ro‐ Ro Terminal Limited (“LRT”)
Laem Chabang Port SRT
20%
LRT
80%
Page 8
Section 2 : Company Overview
March 2002
the terminal operator of A5, from Banpu Plc.
April 2010
Service Agreement with 5 shipping lines
July 2015
May 2002
Authority of Thailand (“PAT”) for altering into Ro/Ro terminal operator Service Agreement with 5 shipping lines for a period of 10 years (May 1, 2010 – April 30, 2020).
November 2013
Ro/Ro terminal operator.
Agreement with 5 shipping lines for a period
capital from THB 414.50 mn to THB 620.00 mn and listed in the Stock Exchange of Thailand
July 2004 October 2004
“Namyong Terminal Co., Ltd.”
June 2012 May 2014
September 2014
with the PAT to alter into Ro/Ro and general cargo terminal operator.
April 2012
International Ro‐Ro Terminal Limited (“LRT”); the terminal operator of C0.
Page 9
Note: 5 shipping lines are Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha Ltd., Mitsui OSK Lines, Ltd., Wallenius Wilhelmsen Logistics AS and Toyofuji Shipping Co., Ltd.
terminal operator of C0.
Section 2 : Company Overview
Section 1 Industry Overview Section 2 Company Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
Page 10
f
(Ro/Ro) and General Cargo (GC)
(Ro/Ro) and General Cargo (GC).
storage before being loaded to the terminal.
terminal.
(Ro/Ro) and General Cargo (GC).
the supporting area for car storage of Namyong).
Page 11
Section 3 : Business Overview
Items Details
R ll /R ll ff (R /R ) d G l C
Type Roll‐on/Roll‐off (Ro/Ro) and General Cargo (GC) Terminal Total Area 248,000 sq.m. Length 697 Meters
Depth 17 Meters
3 Berths
80,000 DWT
A5 Terminal
Chabang Port Chonburi Province It is at the Chabang Port Chonburi Province. It is at the entrance
the watercourse which is convenient for large vessels to move in and out
Berth 1 + Berth 2 = 527 Meters Page 12
Section 3 : Business Overview Note: * Phase 3 includes berth 3 and car storage area zone 2A, 2B, 3A, 3B, 3D and 11E (total approx. 281 rai)
Berth 1 + Berth 2 = 527 Meters
Terminal Services at A5 compose of:
h l f h f b h
1. Berth Hire
Service to shipping lines for the use of berth in docking their vessels at berth
2. Wharfage
Service to shipping lines for the use of berth in moving cars on and off vessels
3. Wharf Handling
Service to car makers for moving cars within the terminal
4. Storage
Service to car makers for short‐term storing cars on terminal before exporting and cars on terminal before exporting and receiving imported cars/cargoes
which can accommodate
at the same time
Importing
Importing Process Import Receiving Pre‐loading Berth
Exporting P Area Area Area Area
Page 13
Process
Checking Point and Scan Barcode Section 3 : Business Overview
IT Program Developed & Used by A5 Terminal
Port Management System (PMS) Prepares yard planning and ship schedule Pure Car Carrier System (PCS) Records and organizes data of exporting and importing cars Beyond Ro/Ro Port (BRP) Analyzes and interprets overall terminal’s operation and performance such as number of cars loaded through A5, Berth hours, etc.
Page 14
Section 3 : Business Overview
20%
Note: Using average market share between 2012 ‐ 2014
From year 2004 – 2014, total car through A5 terminal has increased year CAGR = 12.37% g = 3.13%
Units
through A5 terminal has increased year by year with CAGR of 12.37%
continually increased, except in year 2009 when there was a worldwide financial crisis and in year 2011 when severe flooding crisis occurred.
Page 15
Section 3 : Business Overview
accommodate
at the same time
Note: Information as of 30 September 2015
Lists of car storage customers:
Car storage area Warehouse area Terminal area
Page 16
Section 3 : Business Overview
Details of Rentable Warehousing Areas Covered Storage: 106,651 sq.m. Capable to support cargo’s weight up to
Open yard: 46,880 sq.m. T t l h f ≈ 153 531 sq m
Example lists of warehousing customers: Total warehouse areas of ≈ 153,531 sq.m.
Note: Information as of 30 September 2015
Page 17
Section 3 : Business Overview
Items Details
Type Roll‐on/Roll‐off (Ro/Ro) and General Cargo (GC) Terminal Total Area 315,400 sq.m. Length 600 Meters
Current
Terminal services mostly for general cargo i.e. Special Projects, steel, and others
Depth 16 Meters
3 Berths
80,000 DWT BOI Privilege for terminal
Future
Terminal services for Ro/Ro
automotive industry
BOI Privilege for terminal business 8 years (15 August 2007 ‐ 14 August 2015)
terminal for cars export
for Ro/Ro which can accommodate
at the same time
Ro/Ro
Berth 2: 250 Meters Berth 1: 250 Meters Berth 3: 100 Meters Page 18
Section 3 : Business Overview
Section 1 Industry Overview Section 2 Company Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
Page 19
57.37% 24 13% 14.67% 3.84%
Revenue
Terminal services (tariff) Terminal services (non‐tariff)
1,159.40 1,252.57 1,328.94 993.81 1047.51
24.13% Storage services 18 53% 8.29%
Cost
PAT Charge
18.53% 21.94% 23.40% 27.83%
Terminal Operating Land and equipment rental Depreciation
Cost SG&A Total Revenue
2012 2013 2014 9M‐2014 9M‐2015
Others
45.27% 33.10%
SG&A
Employee compensation Depreciation
Cost SG&A Total Revenue
21.63%
Depreciation Others
Page 20
Section 4 : Financial Performance
Gross Profit Net Profit
49.17% 49.81% 48.70% 48.70% 49.36%
625 39
28.06% 30.91% 30.42% 30.58% 32.02%
565.39 614.55 625.39 468.00 498.00 325.34 387.15 404.23 304.00 335.00
2012 2013 2014 9M-2014 9M-2015 2012 2013 2014 9M-2014 9M-2015
Gross Profit Margin Net Profit Margin Page 21
Section 4 : Financial Performance
Page 22
Section 4 : Financial Performance