Corporate Presentation

Transcription

SAMUDERA SHIPPING LINE LIMITED
Corporate Presentation
Annual General Meeting 2012
Corporate Overview
Industry Trends
Operations Review
Financial Highlights
Outlook & Strategy
Corporate Profile
• Regional provider of efficient and reliable sea transportation
solutions:
Regional
Container Shipping
Indonesia Domestic
Container Shipping
Bulk Carrier & Tanker
• Extensive container shipping network covering Indian Subcontinent, South East Asia, Middle East and the Far East
markets
• Widest network coverage in Indonesia
Our International Network
Far East
Middle East
• China
• Korea
• Hong Kong
• Taiwan
• UAE
• Iran
• Kuwait
South East Asia
India-Sub
Continent
• India
• Bangladesh
• Pakistan
• Sri Lanka
• Singapore (HQ)
• Indonesia
• Thailand
• Malaysia
• Vietnam
• Myanmar
• Philippines
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
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
• Fleet of 16 tankers and 6 dry bulk carriers
• Chartered out on spot and medium to longterm on time charter and contracts of
affreightment
• Back-to-back charter
• Marine operations services
– harbour tug services, crewing, ship
management and terminal operations
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
Corporate Overview
Industry Trends
Operations Review
Outlook & Strategy
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
Operational performance
No of calls
Lifting ('000 teus)
Load factor
No of container (teus)
2010
2011
798 771
1,200 1,266
65%
66%
18,500 25,000
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
Operational performance
No of calls
Lifting ('000 teus)
Load factor*
No of container (teus)
2010
2011
337 420
119 152
65%
60%
7,700 9,000
Notes: drop in load factor due to some new routes introduced
2011 Actions
• 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
Employment days
Time charter
Voyage charter
BTB charter *
Total
* BTB: Back‐to‐back
2010
2,452
3,724
1,514
7,690
2011
2,728
3,759
983
7,470
Corporate Overview
Industry Trends
Operations Review
Outlook & Strategy
Consolidated Profit & Loss
US$'000
2010
2011
Revenue Cost of services
Gross profit
369,141 454,213
(340,792) (426,436)
28,349 27,777
23%
25%
‐2%
Marketing & Administrative
Other operating income (exps)
Finance, net
Profit before tax
(16,015)
1,044
(2,337)
11,041
(16,922)
6,350
(2,835)
14,370
6%
508%
21%
30%
Profit for the year
9,393
12,572
34%
Segmented Results
US$'000
2010
2011
Revenue
Regional Container Domestic Container
Bulk & Tankers
369,141
275,426
35,960
57,755
454,213
322,323
57,597
74,294
23%
17%
60%
29%
Profit before tax
Regional Container Domestic Container
Bulk & Tankers
11,041
7,786
1,002
2,253
14,371
959
9,092
4,319
30%
‐88%
807%
92%
Balance Sheets
US$'000
2010
Non‐current assets
Vessels
Non vessels
Others
Current assets
Cash and bank balances
Trade debtors
Others
TOTAL ASSETS
289,786
25,418
7,620
322,824
47,002
46,297
23,031
116,330
2010
2011
20,782
13,779
23,465
58,026
27,876
28,959
23,965
80,800
34%
110%
2%
39%
149,619 180,425
1,070 711
150,689 181,136
21%
‐34%
20%
230,439 237,148
3%
TOTAL LIABILITIES AND EQUITY 439,154 499,084
62%
2011
350,501
24,193
3,378
378,072
21%
‐5%
‐56%
17%
30,646
60,955
29,411
121,012
‐35%
32%
28%
4%
439,154 499,084
14%
Current liabilities
Trade creditors
Term Loans
Others
Non‐current liabilities
Term Loans
Others
Equity
Corporate Overview
Industry Trends
Operations Review
Outlook & Strategy
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
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)
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
on growth opportunities in Indonesia
•
Explore funding alternatives for future expansion
•
Leverage on the Parent Group strengths
− synergise regional and Indonesia domestic container business
− optimize 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

Corporate Presentation

Transcription

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