SLIDE 1
Management Roadshow Presentation
August 2016
Agenda
Page 1
Section 1 Industry Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
Namyong Terminal Plc. Management Roadshow Presentation August 2016 - - PowerPoint PPT Presentation
Namyong Terminal Plc. Management Roadshow Presentation August 2016 - - PowerPoint PPT Presentation
Namyong Terminal Plc. Management Roadshow Presentation August 2016 Agenda Section 1 Industry Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance Page 1 Thailands Automobile Export 1.400
SLIDE 2
SLIDE 3
0.000 0.200 0.400 0.600 0.800 1.000 1.200 1.400
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
0.153 0.175 0.181 0.235 0.332 0.441 0.539 0.690 0.776 0.536 0.896 0.736 1.027 1.128 1.128 1.205 Million Cars Export Units
Thailand’s Automobile Export
Page 2
Source: The Federation of Thai Industries
Section 1 : Industry Overview
CAGR = 13.77%
SLIDE 4
Destination from Thailand in Q2-2016
Page 3
Section 1 : Industry Overview
Asia 25.11% Australia 31.83%
❶ ❷ ❸
North America 15.77% Middle East 13.73%
❹
Europe 6.89%
❺
South America 5.40%
❻
Africa 1.28%
❼
SLIDE 5
Ro/Ro Terminal in Thailand
Page 4
Section 1 : Industry Overview
Key Characteristics of Ro/Ro Terminal
Example of Well-known Ports in Thailand
B C D E
Laem Chabang Port
A
PHUKET SONGKHLA REYONG BANGKOK
THAILAND
CHON BURI
A deep-sea port and large berth width Closed to automobile factories Operated exclusively for auto vehicles Low pollution Well-conditioned and convenient road
A B C D E
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Ro/Ro Terminals at Laem Chabang Port
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Type Berth Width/ Depth (Meter) Terminal Operator Ro/Ro and General Cargo Terminal 697/17 Namyong Passenger and Ro/Ro 365/14 NYK Ro/Ro and General Cargo Terminal 600/16 LRT (NYK and Namyong as shareholders)
Section 1 : Industry Overview
A5 A1 C0
D3 D2 D1 D2 C1 C2 C3 B5 B4 B3 B2 B1 A0 A2 A3
Ro/Ro Terminal Container Terminal Multi-purpose Terminal
A4
Bulk Cargo Terminal
Operator Option Final Period 2021 (November 1st, 1996 – April 30th, 2021) 5 years 2026 2035 (September 1st, 2005 – August 31st, 2035) 10 years + 10 years 2055
Concession Period
SLIDE 7
Why Laem Chabang Port?
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Eastern of Thailand
Car Makers Location of Plant(s) Distance from Plants to Laem Chabang Port Mitsubishi Laem Chabang Industrial Estate (Chonburi) 6.5 km. Ford, Mazda Eastern Seaboard Industrial Estate (Rayong) 35.9 km. Toyota
- Ban Pho (Chachoengsao)
- Gateway City Industrial Estate
(Chachoengsao)
- Phra Padaeng (Samut Prakarn)
- 73.9 km.
- 99.0 km.
- 117.0 km.
Nissan Bangna-Trad Km.21 (Samut Prakarn) 88.3 km. Isuzu Phra Padaeng (Samut Prakarn) 117.0 km. Honda
- Rojana Industrial Estate
(Prachin Buri)
- Rojana Industrial Estate
(Ayutthaya)
- 145.0 km.
- 187.0 km.
Laem Chabang Port
“Several car makers’ plants are clustered in the east of Thailand, in proximity area of Laem Chabang Port”
Section 1 : Industry Overview
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Key Processes in Exporting Cars Business
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Car Makers Vessels
Section 1 : Industry Overview
NYT
Importing Process Exporting Process
Import Area Receiving Area Pre-loading Area
Checking Point and Scan Barcode
Berth Area
Determine
Numbers of automobile to be exported Destination to be delivered Which Vessels to be carried
SLIDE 9
Agenda
Page 8
Section 1 Industry Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
SLIDE 10
Group Holding Structure
Page 9
SRT LRT 100% 20% 80%
Company Description
Nam Yuen Yong Shipping Co., Ltd. (“Nam Yuen Yong”)
- Seaborne transportation,
Ship agent Namyong Terminal Plc. (“Namyong”)
- A5 Terminal operator,
Laem Chabang Port
- Storage services provider: car
storage area and warehousing Sapphire RoRo (Thailand) Limited (“SRT”)
- A pure holding company
Laemchabang International Ro- Ro Terminal Limited (“LRT”)
- C0 Terminal operator,
Laem Chabang Port
Section 2 : Company Overview
Leungsuwan Family Nam Yuen Yong 100% N.Y.K. (Thailand) Co., Ltd. 25% 18% 22% Public 35%
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Key Milestones
Page 10
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.
March 2002
- Acquired total shares of Banpu Terminal Co., Ltd.;
the terminal operator of A5, from Banpu Plc.
May 2002
- Proposed a new business plan to the Port
Authority of Thailand (“PAT”) for altering into Ro/Ro terminal operator.
- Signed the Car Terminal Facility and Service
Agreement with 5 shipping lines for a period
- f 8 years (May 1, 2002 – April 30, 2010).
- Signed the amendment agreement
with the PAT to alter into Ro/Ro and general cargo terminal operator.
July 2004 October 2004
- Renamed the company to be
“Namyong Terminal Co., Ltd.”
April 2010
- Renewed the Car Terminal Facility and
Service Agreement with 5 shipping lines for a period of 10 years (May 1, 2010 – April 30, 2020).
April 2012
- Jointly invested with NYK Group in Laemchabang
International Ro-Ro Terminal Limited (“LRT”); the terminal operator of C0.
June 2012
- Converted into public company limited.
November 2013
- Increased paid-up
capital from THB 414.50 mn to THB 620.00 mn and listed in the Stock Exchange of Thailand
Section 2 : Company Overview
May 2014
- MSCI Global Small Cap Indexes
September 2014
- ELMA & PM Award
July 2015
- ISO 14001:2004
- OHSAS 18001:2007
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Agenda
Page 11
Section 1 Industry Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
SLIDE 13
Namyong Group Business Overview
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Terminal Services Storage Services Others
- Stevedore on board
- Shifting service
- Office space rental
- Equipment rental
- Etc.
Namyong LRT
A5 C0
- For exporting and importing Roll-on/Roll-off
(Ro/Ro) and General Cargo (GC).
- 1. Car storage
- Supporting area for car
storage before being loaded to the terminal.
- Proximity areas to A5
terminal.
- For exporting and importing Roll-on/Roll-off
(Ro/Ro) and General Cargo (GC).
- Nil (Cars to be loaded at C0 use
the supporting area for car storage of Namyong).
- Shifting service
- Equipment rental
Section 3 : Business Overview
- 2. Warehouse
- Covered storage
- Open yard
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Terminal Services at A5
Page 13
- A5 Terminal is located in Zone A of Laem
Chabang Port Chonburi Province. It is at the entrance
- f
the watercourse which is convenient for large vessels to move in and out
- f the wharf.
Terminal’s General Information
Items Details
Type Roll-on/Roll-off (Ro/Ro) and General Cargo (GC) Terminal Total Area 248,000 sq.m. Length 697 Meters Depth 17 Meters
- No. of Berth
3 Berths
- Max. vessel size to dock
80,000 DWT
Provide a full scope of Terminal services for car export & import as well as general cargo Location
A5 Terminal
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
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Terminal Services at A5 (Cont’d)
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Terminal Services at A5 compose of: 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 receiving imported cars/cargoes
247,000 sq.m.
which can accommodate
> 15,000 Cars
at the same time
Section 3 : Business Overview
SLIDE 16
Terminal Services at A5 (Cont’d)
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“The Most Advanced IT Ro/Ro Terminal Management System in Asia”
In-house business intelligence Wireless handheld in wide terminal area Effective yard planning with minimal car accident Zero errors
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
- peration and performance such as number
- f cars loaded through A5, Berth hours, etc.
Auto Web Service Management (AWM) Connects information of vessels and manifest to National Single Window (NSW) among vessels, manufacturers, customers, PAT, and NYT
Section 3 : Business Overview
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Throughput at A5 Terminal
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Section 3 : Business Overview
Number of Automobile
- 100,000
200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 cars Other Import Export
90.65% 8.29% 1.06% 89.79% 8.57% 1.65% 92.74% 5.78% 1.48% 92.78% 3.83% 3.39% 90.01% 3.09% 6.90% 92.74% 3.92% 3.33% 92.56% 4.95% 2.50% 94.74% 3.83% 1.43% 93.16% 5.26% 1.58% 92.19% 6.08% 1.73% 93.28% 4.66% 2.06% 93.07% 4.06% 2.87% 94.46% 2.63% 2.91%
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Storage Services – Car Storage
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Namyong has a supporting area for car storage before being loaded to the terminal, located in a close proximity to A5 Terminal
≈ 573,903 sq.m.
- f car storage area which can
accommodate
> 35,869 Cars
at the same time Lists of car storage customers:
Serve clients’ needs for having car storage area closed to the terminal. More convenient and rapid car loading.
Note: Information as of 31 March 2016
Section 3 : Business Overview
Car storage area Warehouse area Terminal area
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Storage Services - Warehouse
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Namyong also provides warehousing service by having both covered storage (ready-built warehouse) and
- pen yard, which most of cargoes stocked are automotive parts.
Details of Rentable Warehousing Areas Covered Storage: 102,351 sq.m. Open yard: 46,880 sq.m. Under Construction: 120,796 sq.m. Total warehouse areas of ≈ 270,027 sq.m.
Note: Information as of 30 June 2016
Capable to support cargo’s weight up to
4 tons/sq.m.
Example lists of warehousing customers:
Section 3 : Business Overview
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Terminal Services at C0
Page 19
Terminal’s General Information
Items Details
Type Roll-on/Roll-off (Ro/Ro) and General Cargo (GC) Terminal Total Area 315,400 sq.m. Length 600 Meters Depth 16 Meters
- No. of Berth
3 Berths
- Max. vessel size to dock
80,000 DWT BOI Privilege for terminal business 8 years (15 August 2007 - 14 August 2015)
Namyong holds 20% in LRT who operates C0 Terminal with an option to purchase another 29%
Current
Terminal services mostly for general cargo i.e. Special Projects, steel, and others
Future
Terminal services for Ro/Ro
- To support the continually growing of
automotive industry
- To accommodate an overflow from A5
terminal for cars export
146,535 sq.m.
for Ro/Ro which can accommodate
> 5,800 Cars
at the same time
Ro/Ro
Section 3 : Business Overview
Berth 2: 250 Meters Berth 1: 250 Meters Berth 3: 100 Meters
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Agenda
Page 20
Section 1 Industry Overview Section 2 Company Overview Section 3 Business Overview Section 4 Financial Performance
SLIDE 22
Comprehensive Income 6 Months
Page 21
Section 4 : Financial Performance 658 335 69 195 683 331 74 220 721 364 78 205 Total revenue Cost of services SG&A Net Profit
2014 2015 2016 Million Baht
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Revenue & Cost 6 Months
Page 22
Total Cost : 364.02 Million Baht
Section 4 : Financial Performance
55.55% 59.10% 21.12% 7.93% 18.18% 7.89% 18.79% 22.14% 7.87% 8.53% 26.32% 27.00% 23.05%
Total Revenue: 720.92 Million Baht
Terminal services (tariff) Terminal services (non-tariff) Storage services Other
Cost
- f
services
Revenue
101.82 MB 31.76 MB 9% 88.54 MB 24% 75.23 MB 21% 28% 66.67 MB 18% Depreciation & Amortization Land rental Terminal operating PAT charge Other 24.32 MB 110.16 MB 15% 413.67 MB 58% 172.77 MB 24% 3%
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Revenue & Cost 6 Months (Cont’d)
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Gross Profit & Net Profit
Section 4 : Financial Performance
63.23% 58.63% 24.29% 24.32% 57.86% 24.04% 55.55% 59.10% 21.12% 23.54% 19.16% 7.93% 18.18% 22.41% 7.89% 22.14% 8.27% 7.87% 8.53% 26.32% 19.30%
Total SG&A: 78.41 Million Baht
16.24 MB 36.7 MB 47% 25.47 MB 32% 21%
SG&A
Employee compensation Depreciation Other
GP & NP
6M/2015 6M/2014 6M/2016 NP GP 47.24% 49.70% 47.74% 28.40% 32.21% 29.64%
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Key Financial Ratios
Page 24
Section 4 : Financial Performance