Q2/2019 Results Our business portfolio Increased Expanded service - PowerPoint PPT Presentation

Q2/2019 Results

Our business portfolio • Increased • Expanded service registered • Started International Service Incomes route to “the capital to 259 • Established marine transportation Philippines” MB to support AMAL with (“Myanmar route”) MB • Registered capital stock dividend • Registered capital registered • Registered capital increased to 110 MB payment 2,000 increased to 12 MB capital of 5 MB increased to 100 MB 1,500 72.59% 2003 1996 2001 2002 2005 2014 1998 1999 2016 2018 2019 1,000 73.15% 72.84% 500 66.98% • Overall revenues 27.16%26.85%27.41% • Transformed to Public • Expanded • Registered • Established AMA came from Company Limited and capital increased service route to 33.02% with registered 0 International listed in MAI on 22 to 60 MB “Vietnam” capital of 1MB 2016 2017 2018 2Q2019 transportation December Registered capital • increased to 216 MB AMAL AMA AMAL’s registered capital • increased to 190 MB No. of tankers & tanker trucks Year 1996 1999 2001 2002 2005 2009 2010 2012 2013 2014 2015 2016 2017 2018 2019 No. of vessels (units) 2 4 4 5 4 3 4 6 5 5 6 7 10 11 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 96,202 No. of trucks (units) 5 43 100 150 151 161 Loading quantity (ml) 0.23 1.94 4.50 6.75 6.80 7.25 2

Palm oil industry Major palm oil production countries Mn T • Global source of production and exporter of palm Indonesia Palm oil production growth has been highest in Indonesia and Malaysia, and the spike is expected to continue. Malaysia Thailand Columbia Nigeria 2012 2013 2014 2015 2016 2017 2018 2019 Palm oil importers Mn T 50 40 30 20 10 - 2012 2013 2014 2015 2016 2017 2018 2019 India Europe Source: The Oil Palm, a project of the Malaysian Palm Oil Council (MPOC) China Pakistan Remark: red color represents the countries the produce palm Bangladesh 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 8 60,496 19.28% 1 Chao Raffles, Singapore 3 52,843 16.84% 4,763 1995 2010 Anoma Our product delivery Thai Ship Owner 3 11,169 3.56% 2 Megaports, Shigapore 2 9,272 2.96% Primrose 4,908 1992 2012 Thai Ship Owner 1 6,712 2.14% 3 AMA 3,110 1994 2012 Thai Ship Owner 1 6,275 2.00% Palm oil, Tien Thanh, Vietnam 2 5,761 1.84% 4 Bergprai 3,165 1993 2012 97% Samudera Layar Sentosa- 1 4,718 1.50% 5 Meson 4,823 2003 2015 Medan, Indonesia Thai Ship Owner 1 2,998 0.96% 6 Meya 9,942 2007 2016 Others 17 153,479 48.92% 7 Ulaya 13,020 2009 2016 Total 39 313,723 100.00% 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 portfolio AMA provides the medium tankers which are • suitable for SEA due to the shallow watercourse. 38% AMA provides the service in the areas where • they are the center of production and 18% consumption of the world. In 2019 YTD, 5.80% 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

Efficient route management No. of AMAL’s truck Backhauling management Product delivery units • AMAL constantly extends the service 181 200 routes, including backhauling services that will continuously drive our revenues. 151 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 6

Q2/2019 statements of financial position Financial Statement (Consolidated) as at June 30, 2019 6,000 (7.00%) (256.63) 4,500 3,667.30 (2.56%) 3,000 (52.67) (12.65%) (203.96) 2,054.53 1,500 1,612.77 3,410.67 1,408.81 2,001.86 - Total Assets Total Liabilities Total Shareholders' Equity 2Q2019 FY2018 7

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% 25.0% 20.7% 18.1% 16.8% 17.3% 15.5% 800 20% 8.1% 5.5% 4.8% 0.9% 22.4% 2.9% 19.7% 13.6% 18.3% 18.0% 14.0% 12.7% 600 11.9% 0% 11.0% 497.93 501.46 454.44 451.03 440.56 426.66 386.25 384.45 335.85 324.11 498.41 499.83 400 -20% 287.27 452.87 451.06 265.14 436.14 425.89 230.50 379.44 378.32 181.54 331.29 298.79 200 290.92 -40% 263.83 228.58 178.36 60.31 83.05 92.75 87.91 125.46 94.56 121.02 161.82 85.78 112.62 112.77 132.38 102.69 166.42 - -60% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 Service Income Service Income w/o FX EBITDA GP Margin (RHS) NP Margin (RHS) Gross Profit Margin Net Profit Margin 13.82% 500 40% 60.90 30% 30% 25.04% 2Q2019 20% 18.10% 13.60% 57.49% 181.85% 20% 440.56 2Q2018 45.84 43.99 10% 5.49% 79.74 10% 24.19 501.46 125.58 68.18 0% 0% - 2019 2018 2019 2018 Service Income Gross Profit Net Profit 8

2Q19 marine services Comprehensive Income Statement (Separate) Gross Profit Margin Net Profit Margin for three-month period end June 30, 2019 11.26% 23% 12% 21.86% 22% 6.76% 10% 21% High Utilization 21.86 8% 20% 6% 290 19% 18.24% 3.60% 4% 18% 2% 17% 240 16% 0% 2019 2018 2019 2018 190 Cost Reduction 345.15 323.29 MB 140 323.29 329.46 361.62 345.15 27.94% 400 341.80 290.59 285.76 233.73% 273.33 16.48 90 300 232.98 232.41 27.23 200 121.80 40 75.46 85.63 75.46 58.98 69.38 69.40 63.51 58.98 38.88 53.49 45.14 100 29.49 11.65 (10) 0 Service Income Gross Profit Net Profit 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 2Q2019 2Q2018 Service income Gross profit 9

2Q19 inland truck services Comprehensive Income Statement Gross Profit Margin Net Profit Margin for three-month period end June 30, 2019 32.07% 25% 20.37% 33% 31% 20% 33.29% 29% 180 27% 15% 39.04 High Utilization 25% 160 8.33% 23% 10% 21% 17.70% 140 19% 5% Cost Reduction 17% New 15% 120 0% Customers / 2019 2018 2019 2018 Backhauls 100 MB 180 156.30 80 156.30 136.31 140.90 141.43% 150 112.65 111.12 117.26 121.57 60 117.26 29.36 103.43 120 95.67 91.13 225.79% 40 90 22.06 50.12 50.12 20 60 36.62 31.83 33.77 20.76 24.39 24.77 24.70 9.77 20.06 20.76 19.55 12.50 30 - Service Income Gross Profit Net Profit 0 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 2Q2019 2Q2018 Service income Gross profit 10

Ready to turnaround 2019 organic growth Inorganic growth Marine services • Full capacity utilization Diversify to other products • Back haul • • Increasing back haul routes 1.07% • Cost efficiency management 3 keys to Inland tank services 11% turnover 30 additional tank trucks • 36.71% Diversify to other products • Back haul • Revenue growth Target Revenue Growth MB 6,000 5,000 12% 4,000 11% 42% M&A 3,000 37% 2,000 Land logistics 46% 1,000 33.02% 53% Marine logistics 66.98% 0 2Q2019 2020 2021 2022 2023 2024 2025 11

www.amamarine.co.th SEARCH AMA Marine Public Company Limited 33/4 the 9th Towers, Room #TNA02, 33 rd Floor, Tower A, Rama 9 Road, Huaykwang, Bangkok 10300 Thailand Tel: (662) 001-2801 Fax: (662) 001-2800 website: www.amamarine.co.th For further information and enquiries, please contact our IR Tel: (662) 001-2801 # 174 email: ir@amamarine.co.th, chayanin.a@amamarine.co.th Feedback: http://www.amamarine.co.th/feedback.php