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

Q2/2019 Results

Our business portfolio

2 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

• No. of tankers & tanker trucks

27.16%26.85%27.41% 33.02% 72.84% 73.15% 72.59% 66.98%

500 1,000 1,500 2,000 2016 2017 2018 2Q2019 AMAL AMA

MB

Service Incomes

1996 1998 1999 2001 2002 2003 2005 2018 2016

• Established AMA

with registered capital of 1MB

• Registered capital

increased to 12 MB

• Registered

capital increased to 60 MB

• Started International

marine transportation (“Myanmar route”)

• Registered capital

increased to 100 MB

• Expanded

service route to “Vietnam”

• Expanded service

route to “the Philippines”

• Registered capital

increased to 110 MB

• Overall revenues

came from International transportation 2014

• Established

AMAL with registered capital of 5 MB

• Increased

registered capital to 259 MB to support stock dividend payment

• Transformed to Public

Company Limited and listed in MAI on 22 December

• Registered capital

increased to 216 MB

• AMAL’s registered capital

increased to 190 MB 2019

Palm oil industry

Source: The Oil Palm, a project of the Malaysian Palm Oil Council (MPOC) Remark: red color represents the countries the produce palm

• Global source of production and exporter of palm

Palm oil production growth has been highest in Indonesia and Malaysia, and the spike is expected to continue.

Indonesia Malaysia Thailand Columbia Nigeria

Mn T

2012 2013 2014 2015 2016 2017 2018 2019

Major palm oil production countries

3

Source: www.indexmundi.com

• 10

20 30 40 50

2012 2013 2014 2015 2016 2017 2018 2019

Palm oil importers

India Europe China Pakistan Bangladesh Others

Mn T

A leader of palm oil transportation

The service provider of vegetable oil transportation in SEA

“An International Company Exporting Consumption Oils and Other Oils” “The Joint Venture Companies between Kuala Lumpur Kepong Berhad, registered company in The Stock Exchange of Malaysia and PT Astra Agro Lestari, registered company in The Stock Exchange of Indonesia” “The Leading Agriculture Business in Asia. The World Biggest Manufacturer and Distributor Palm Oil”

Agri Oils Pte Ltd 4

Service provider

• No. of

Vessels DWT Market share in SEA (%) AMA Marine PLC 8 60,496 19.28% Raffles, Singapore 3 52,843 16.84% Thai Ship Owner 3 11,169 3.56% Megaports, Shigapore 2 9,272 2.96% Thai Ship Owner 1 6,712 2.14% Thai Ship Owner 1 6,275 2.00% Tien Thanh, Vietnam 2 5,761 1.84% Samudera Layar Sentosa- Medan, Indonesia 1 4,718 1.50% Thai Ship Owner 1 2,998 0.96% Others 17 153,479 48.92% Total 39 313,723 100.00% No Vessels DWT Year built Year purchased 1 Chao Anoma 4,763 1995 2010 2 Primrose 4,908 1992 2012 3 AMA 3,110 1994 2012 4 Bergprai 3,165 1993 2012 5 Meson 4,823 2003 2015 6 Meya 9,942 2007 2016 7 Ulaya 13,020 2009 2016 8 Alinya 12,999 2009 2017 9 Anika 13,250 2008 2017 10 Salina 13,001 2008 2017 11 Alisha 13,221 2008 2018 Total deadweight 96,202

Our fleet

Palm oil, 97% Other vegetable oil e.g. soy bean

• il, coconut
• il, 3%

Our product delivery

5

38% 18% 6% 38%

Our portfolio

• AMA provides the medium tankers which are

suitable for SEA due to the shallow watercourse.

• AMA provides the service in the areas where

they are the center of production and consumption of the world.

• In 2019 YTD, 5.80% of total palm oil import

volume to Southeast Asia, China, East Coast India and Bangladesh were delivered by AMA Marine.

Bangladesh China East Coast India Southeast Asia

Gasoline & Gas Oil, 90% Bio-diessel (B100), 10% Gasoline & Gas Oil Bio-diessel (B100)

Product delivery

5 43 100 150 151 181 50 100 150 200 2014 2015 2016 2017 2018 2019f

units

• No. of AMAL’s truck

Efficient route management

Backhauling management

• AMAL constantly extends the service

routes, including backhauling services that will continuously drive our revenues. Liquid Products

6

Q2/2019 statements of financial position

7

3,410.67 1,408.81 2,001.86 3,667.30 1,612.77 2,054.53

• 1,500

3,000 4,500 6,000 Total Assets Total Liabilities Total Shareholders' Equity 2Q2019 FY2018

(7.00%) (256.63) (12.65%) (203.96) (2.56%) (52.67)

Financial Statement (Consolidated) as at June 30, 2019

181.54 230.50 265.14 287.27 324.11 335.85 386.25 454.44 384.45 440.56 451.03 497.93 426.66 501.46 178.36 228.58 263.83 290.92 298.79 331.29 378.32 452.87 379.44 436.14 451.06 498.41 425.89 499.83 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 27.4% 30.0% 32.3% 29.8% 27.7% 26.2% 25.5% 32.5% 16.8% 18.1% 17.3% 20.7% 15.5% 25.0% 12.7% 18.3% 18.0% 11.9% 22.4% 11.0% 14.0% 19.7% 0.9% 5.5% 4.8% 8.1% 2.9% 13.6%

• 60%
• 40%
• 20%

0% 20% 40%

• 200

400 600 800 1,000

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)

Comprehensive Income Statement (Consolidated)

Revenue is on the upward trend

8

501.46 125.58 68.18 440.56 79.74 24.19

• 500

Service Income Gross Profit Net Profit

2Q2019 2Q2018

13.82% 60.90 57.49% 45.84 181.85% 43.99 25.04% 18.10%

0% 10% 20% 30% 40% 2019 2018

Gross Profit Margin

13.60% 5.49%

0% 10% 20% 30% 2019 2018

Net Profit Margin

345.15 75.46 38.88 323.29 58.98 11.65

(10) 40 90 140 190 240 290

Service Income Gross Profit Net Profit

2Q2019 2Q2018

6.76% 21.86

Comprehensive Income Statement (Separate) for three-month period end June 30, 2019

2Q19 marine services

27.94% 16.48 233.73% 27.23 21.86% 18.24%

16% 17% 18% 19% 20% 21% 22% 23% 2019 2018

Gross Profit Margin

232.98 232.41 290.59 341.80 273.33 323.29 329.46 361.62 285.76 345.15 69.38 63.51 85.63 121.80 45.14 58.98 53.49 69.40 29.49 75.46

100 200 300 400 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19

Service income Gross profit

MB

9 11.26% 3.60%

0% 2% 4% 6% 8% 10% 12% 2019 2018

Net Profit Margin Cost Reduction High Utilization

156.30 50.12 31.83 117.26 20.76 9.77

• 20

40 60 80 100 120 140 160 180

Service Income Gross Profit Net Profit

2Q2019 2Q2018

33.29% 39.04

Comprehensive Income Statement for three-month period end June 30, 2019

2Q19 inland truck services

141.43% 29.36 225.79% 22.06 10 32.07% 17.70%

15% 17% 19% 21% 23% 25% 27% 29% 31% 33% 2019 2018

Gross Profit Margin

91.13 103.43 95.67 112.65 111.12 117.26 121.57 136.31 140.90 156.30 20.06 24.39 12.50 24.77 19.55 20.76 24.70 33.77 36.62 50.12

1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 30 60 90 120 150 180

Service income Gross profit 20.37% 8.33%

0% 5% 10% 15% 20% 25% 2019 2018

Net Profit Margin

MB

New Customers / Backhauls High Utilization Cost Reduction

1.07% 36.71% 11

3 keys to turnover

• Full capacity utilization
• Increasing back haul routes

1,000 2,000 3,000 4,000 5,000 6,000 2Q2019 2020 2021 2022 2023 2024 2025 M&A Land logistics Marine logistics

Target Revenue Growth

11%

Revenue growth

2019 organic growth

Marine services

• Diversify to other products
• Back haul

Inland tank services

• 30 additional tank trucks
• Diversify to other products
• Back haul

Ready to turnaround

Inorganic growth

MB

• Cost efficiency management

46% 12% 42% 66.98% 33.02% 53% 37% 11%

www.amamarine.co.th

AMA Marine Public Company Limited 33/4 the 9th Towers, Room #TNA02, 33rd 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 SEARCH