Maybulk Bhd · MYX:MAYBULK
Maybulk Bhd — Malaysian Bulk Carriers Berhad — Shareholder Meeting (June 2020)
14 slides from Maybulk Bhd's shareholder meeting presentation, Jun 23, 2020
Slide 1: 31st Annual General Meeting
MALAYSIAN BULK CARRIERS BERHAD Malaysian Bulk Carriers Berhad: 31st Annual General Meeting 23rd June 2020 CONFIDENTIAL
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securiti
Slide 3: Financial Highlights 2019
FINANCIAL HIGHLIGHTS 2019 MALAYSIAN BULK CARRIERS BERHAD 3
Slide 4: 2019 Group Financial Highlights
2019 GROUP FINANCIAL HIGHLIGHTS RM’ million FY2019 FY2018 Change Net Revenue 206.5 198.3 4% ▲ Operating Profit 32.0 4.4 627% ▲ Exceptional Items* (6.1) 292.5 (102%) ▼ Reported (LBT)/PBT (6.1) 264.8 (102%) ▼ * FY2018 - Gain on disposal of an associate (POSH) was RM265.9 million Improved operating res
Slide 5: Group Financial Highlights – Impairments and loss on vessel disposals
2019 GROUP FINANCIAL HIGHLIGHTS (LBT)/PBT excluding exceptional items and associate RM’million FY2019 FY2018 Change Reported (LBT)/PBT (6.1) 264.8 (102%) Adjustments: – Impairments and loss on vessel disposals 39.5 5.6 NM – Onerous contracts provision (4.6) (32.2) NM – Gains on liquidation of a subs
Slide 6: Consolidated Balance Sheet
2019 CONSOLIDATED BALANCE SHEET RM’million FY2019 FY2018 Total Assets 957.2 1,022.7 Total Liabilities 602.4 628.6 Cash and Cash Equivalents 79.5 289.1 Total Borrowings 356.8 409.2 Total Lease Liabilities 204.9 - Net Debt (excl. Lease Liabilities) 277.3 120.1 Shareholders’ Equity 354.8 393.1 Net Debt
Slide 7: Our Fleet - Modern Fleet with Average Age of 4.6 years
OUR FLEET - Modern Fleet with Average Age of 4.6 years Total of 12 owned and operated vessels Vessels in operation Total Total Capacity Average Age Long-term (Owned & (As of 30 April 2020) Owned (DWT) Chartered Operated Fleet) Kamsarmax 3 0 3 249,178 1.3 approx 80,000–85,000 dwt Supramax 3 1 4 238,7
Slide 8: Business Highlights 2019
BUSINESS HIGHLIGHTS 2019 MALAYSIAN BULK CARRIERS BERHAD 8
Slide 9: In Review – Drybulk Shipping Market
2019 IN REVIEW – DRYBULK SHIPPING MARKET 2019 was an eventful year for the drybulk shipping market $20,000 $18,000 • Resumption of iron ore trade • One-off scrubber • Chinese coal restrictions installations absorbed ship lower Vale iron ore export $16,000 capacity in Q3 resulted in general market so
Slide 10: Key Business Highlights
2019 KEY BUSINESS HIGHLIGHTS The Group has continued to perform through a stable, resilient portfolio and execution of our fleet renewal programme in 2019: § Divested aging assets and deployed our capital to renew our fleet; § The 3 new energy-efficient Kamsarmax vessels with larger revenue earning
Slide 11: 2020 Outlook
2020 OUTLOOK MALAYSIAN BULK CARRIERS BERHAD 11
Slide 12: 2020 – Unprecedented Challenges
2020 – UNPRECEDENTED CHALLENGES § COVID-19 shocks have had a notable impact on world economies and shipping market – Q1 factory shutdowns in China resulted in a steep drop in imports which recovered into Q2 as inventories rebuilt. – Spread of COVID-19 shutdowns to other countries led to a further dr
Slide 13: Health and Well-being of Our People a Key Priority
HEALTH AND WELL-BEING OF OUR PEOPLE A KEY PRIORITY § Business continuity plans (BCP) implemented to ensure continuity of our service with minimal disruptions and maintaining the well-being of our on-shore employees and ship crew. § To safeguard the health and well-being of our crew, essential precau
Slide 14: Thank You
THANK YOU MALAYSIAN BULK CARRIERS BERHAD 14
Malaysian Bulk Carriers Berhad — Shareholder Meeting (June 2020) on 6ix