Yangzijiang Shipbuilding (Holdings) Ltd. · SGX:BS6
Yangzijiang Shipbuilding (Holdings) — Q3 2021 Earnings Presentation
12 slides from Yangzijiang Shipbuilding (Holdings)'s earnings presentation, Nov 1, 2021
Slide 1: 3Q 2021 Business Update
3Q 2021 Business Update 1 November 2021
Slide 2: Financial Highlights
Financial Highlights 12,000,000 50.0% Shipbuilding Segment (RMB’000) 11,500,000 Shipbuilding Segment (RMB’000) 11,000,000 40.0% 10,500,000 4,000,000 10,000,000 9,500,000 30.0% 40.0% 9,000,000 19.8% 3,500,000 27.2% 8,500,000 20.0% 13.2% 8,000,000 13.4% 3,000,000 20.0% 7,500,000 7,000,000 10.0% 6,500,
Slide 3: Financial Highlights
Financial Highlights 500,000 150.0% 1,000,000 150.0% Investment Segment (RMB’000) Trading Segment (RMB’000) Shipping and Others Segment (RMB’000) 100.0% 130.0% 100.0% 110.0% 1.3% 1.4% 95.6% 94.5% 0.0% 43.1% 32.9% 50.0% 90.0% -100.0% 500,000 70.0% 0.0% -200.0% 50.0% 312,026 -300.0% 255,177 525,131 50
Slide 4: Gross Margin Trend
Gross Margin Trend RMB’mln 25,000 40% 35.3% 35% 20,000 28.4% 30% 27.4% 24.3% 22.4% 25% 15,000 18.3% 17.7% 20% 17.2% 23,238 23,597 10,000 19,206 15% 14,841 11,849 10% 11,071 5,000 5% 4,112 4,329 4,222 3,583 4,471 3,312 3,248 2,687 1,264 1,001 0 0% FY2017 FY2018 FY2019 FY2020 9M2020 9M2021 3Q2020 3Q20
Slide 5: Order Wins for YTD 2021
Order Wins for YTD 2021 • YTD2021 order wins for 124 vessels worth USD7.41 billion, Yangzijiang’s largest order wins in history • Oct 2021: Secured orders for two 82,300 DWT and four 45,000 DWT bulk carriers with total contract value of USD200 million • 2021: Breakthrough in LNG sector, secured its
Slide 6: Overview of Orderbook (as of announcement date)
Overview of Orderbook (as of announcement date) 165 vessels US$8.86 billion in contract value 9.25 million CGT Delivery: 2021- 2024 Containerships Bulk Carriers LPG/LNG/Tanker 114 units 41 units 10 units Total CGT – 8.03 million Total CGT – 1.01 million Total CGT – 0.21 million Total value – US$7.29
Slide 7: Shipping and Chartering
Shipping and Chartering Strategy • Leveraging on shipbuilding facilities, build and manage vessels and generate revenue • To balance utilization • A ready fleet to better meet shipowners’ demand • Flexible on fleet size and ready to sell when valuation is desirable • The current order book (slide 6)
Slide 8: Outstanding Balance Debt Investments at Amortised Cost
Outstanding Balance Debt Investments at Amortised Cost Breakdown of Debt Investments RMB’mln Debt Investments Movements RMB’000 18,000 42% 45% Gross Impairment Net 16,000 38% 40% 4,267 Balance Balance 1,685 35% 14,000 3,402 35% Balance as at 30 June 2021 32% 18,462,126 (1,835,846) 16,626,280 34% Add
Slide 9: Debt Investments at Amortised Cost
Debt Investments at Amortised Cost Analysis on Type of Collaterals (%) 3% 3% 2% 4% 1% 1% 1% 1% 1% 1% 1% 11% 10% 4% 4% 5% 18% 28% 29% 30% 29% 43% 35% 35% 36% 43% 32% 29% 21% 23% 23% 23% 27% 22% 21% 30-Jun-19 31-Dec-19 30-Jun-20 31-Dec-20 30-Jun-21 30-Sep-21 Shares Others Land Others - Govt-related Ve
Slide 10: Business Updates
Business Updates Shipbuilding • Changbo yard resumed operations on 30 July 2021 and has launched its first vessel • Power crunch amidst shortage of coal supplies in China have led to electricity rationing and production halt at numerous factories in September and October, impact was kept under contr
Slide 11: Disclaimer
Disclaimer The presentation is prepared by Yangzijiang Shipbuilding (Holdings) Ltd. (the “Company”) and is intended solely for your personal reference and is strictly confidential. The information contained in this presentation is subject to change without notice, its accuracy is not guaranteed, and
Slide 12: Thank You
Thank You For more information, please contact: Financial PR Pte Ltd Investor Relations: Romil Singh / Jass Lim romil@financialpr.com.sg jass@financialpr.com.sg Tel: (65) 6438 2990; Fax: (65) 6438 0064
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