Pt Mitrabahtera Segara Sejati Tbk · IDX:MBSS
Pt Mitrabahtera Segara Sejati Tbk — Q1 2021 Earnings Presentation
21 slides from Pt Mitrabahtera Segara Sejati Tbk's earnings presentation, April 2021
Slide 1: Company Update 3M21
Company Update 3M21 PT Mitrabahtera Segara Sejati Tbk April 2021
Slide 2: Table of Contents and Disclaimer
Table of Contents Disclaimer: 1 Company’s Profile These materials have been prepared by PT Mitrabahtera Segara Sejati Tbk (the “Company”) 04 About MBSS solely for information purposes and are not an offer to sell or an invitation to buy any securities. 05 The Management Neither these materials nor a
Slide 3: Part 1. Company's Profile
PART 1. COMPANY’S PROFILE 3
Slide 4: About MBSS
About MBSS • PT Mitrabahtera Segara Sejati Tbk (MBSS) is a leading Indonesian provider of integrated maritime transportation and transshipment services which provides integrated solutions and marine transport for bulk materials, particularly coal. With more than 25 years of experience in the busines
Slide 5: The Management
The Management Susana Germino – President Director Serves as President Director of MBSS since April 2019. Prior to joining MBSS, she served as the commissioner of MBSS since 2018, representing MBSS minority shareholder The China Navigation Company (Swire Group), where she was employed as General Man
Slide 6: Our Fleet
Our Fleet Tugboats Barges Barging loading capacity per trip 270ft (3 sets) 15,000 t 300ft (36 sets) 270,000 t 330ft (6 sets) 60,000 t 365ft (11 sets) 137,500 t Number of fleet Sets & Units Total barging capacity 482,500 t 75 78 2020 69 69 2020 57 Addition - 62 Addition - 57 56 Disposal - Dis
Slide 7: Operational Area
Operational Area 7
Slide 8: Our Clients
Our Clients Client Type of Service Contract Adaro Indonesia Barging 7-years with 2-years extension contract (2010-2021) Kideco Jaya Agung Barging (Transshipment) 3-years with 2-years and 4-years extension contract (2014-2023) Barging (Long-Haul) 11-months contract (2020-2021) Floating Crane 5-years
Slide 9: Financial Summary
Financial Summary Revenue Assets US$m US$m 77.8 260.5 75.4 240.1 239.7 65.8 68.5 218.1 194.9 188.3 54.9 15.2 2016 2017 2018 2019 2020 3M21 2016 2017 2018 2019 2020 3M21 EBITDA Cash US$m US$m 27.4 24.0 40.0 40.2 34.6 35.2 33.7 32.7 18.4 14.8 14.8 4.3 2016 2017 2018 2019 2020 3M21 2016 2017 2018 2019
Slide 10: Part 2. Company's Performance
PART 2. COMPANY’S PERFORMANCE 10
Slide 11: Indonesia Coal Market Forecast
Indonesia Coal Market Forecast Indonesia Coal Production Indonesia Coal Flow 3.2% 616 3.2% 558 558 550 456 461 616 558 558 550 456 461 2016A 2017A 2018A 2019A 2020E 2021F Indonesia Coal Production Direct barge shipment inter-island Inland coal terminal Transshipment 2016A 2017A 2018A 2019A 2020E 202
Slide 12: Macroeconomic Forecast
Macroeconomic Forecast Coal Index US$ to IDRK 42.8 42.0 41.4 14.3 13.9 14.6 14.6 13.4 13.5 35.0 ICI-4 Avr Rate 14.2 14.1 14.1 14.3 29.4 13.3 13.4 Mid Rate 32.0 2016A 2017A 2018A 2019A 2020A 3M21 2016A 2017A 2018A 2019A 2020A 3M21 Indonesia Coal Production Fuel Price 616 558 558 550 138 57.1 57.7 456
Slide 13: 3M21 Performance Highlights
3M21 Performance Highlights Description 3M21 3M20 % Change Barging Volume (MMT) *) 6.0 7.2 (17.0) FC Volume (MMT) *) 2.1 2.0 6.3 Description 3M21 3M20 %Change (In US$m) Revenue 15.2 16.4 (7.3) Gross Profit 1.3 1.6 (18.6) Operating Profit (0.9) (1.1) 20.0 Net Interest (0.1) (0.3) 73.0 NPAT (1.6) (2.1
Slide 14: Barging Highlights
Barging Highlights Revenue (%) 100.0 100.0 Description (in US$m unless 3M21 3M20 % Change indicated) Revenue 10.7 12.0 (10.6) Cost 10.5 11.1 (5.5) Contract 79.1 Gross Profit 0.2 0.9 (74.9) 98.0 Gross Profit (%) 2.0 7.2 (521.0)bps Volume (MMT) 6.0 7.2 (17.0) # Sets 56.0 62.0 (9.7) Spot 20.9 2.0 3M21
Slide 15: FC Highlights
FC Highlights Revenue (%) Description (in US$m 3M21 3M20 % Change 100.0 100.0 unless indicated) Revenue 4.5 4.4 1.5 Cost 3.4 3.6 (7.8) Gross Profit 1.1 0.7 46.6 Contract 91.3 95.7 Gross Profit (%) 24.7 17.1 Volume (MMT) 2.1 2.0 6.3 # Units 6.0 6.0 - Spot 8.7 4.3 3M21 3M20 Revenue Backlog 3M21 3M20 %
Slide 16: Direct Costs
Direct Costs Cost Barging – FC (%) 3M21 vs 3M20 Others Others 100.0 100.0 Fuel Fuel 10.3% 15.7% 16.5% 15.7% Vessel Charter Vessel Charter 0.0% 11.8% Crewing 14.2% Crewing 3M21 13.9% 3M20 R&M Barging 75.8 75.4 Depreciation Depreciation 11.5% 36.7% R&M 36.7% 16.9% Description 3M21 3M20 % Change (in US
Slide 17: Part 3. Appendix
PART 3. APPENDIX 17
Slide 18: Summary Financial Statement
Summary Financial Statement Description (In US$m) 3M21 3M20 Change (%) Desciption (in US$m) 3M21 2020 Change (%) Revenue 15.2 16.4 (7.3) Cash 32.7 35.2 (7.1) Cost 13.9 14.8 (6.1) Receivables 12.1 12.6 (4.6) Inventory 2.6 2.6 (0.6) Gross Profit 1.3 1.6 (18.6) Non-current assets held for sale 0.4 0.9
Slide 19: Company Structure
Company Structure PT Indika Energy The China Navigation Drs. Lo Kheng Hong Public Infrastructure Company Pte. Ltd. 51.0% 25.7% 6.1% 17.2% PT Mitra Swire CTM PT Mitra Alam Segara Mitrabahtera Segara PT Mitra Hartono PT Transship Teknik Sejati Sejati Pte. Ltd Sejati Solusi 70.0% 60.0% 100.0% 50.0% 99.
Slide 20: Shares Performance and Dividend Payment History
Shares Performance and Dividend Payment History 800 700 600 500 400 300 200 100 0 Mar-20 Mar-21 52-week share performance (Mar’20-Mar’21) Dividend payment Highest 585 Payment date Dividend distributed Payout ratio 18 Jul. 2012 Rp43 per share 30.5% Lowest 224 31 Jul. 2013 Rp50 per share 24.6% Average
Slide 21: mbss
PP _ mbss member of Indika Energy Group
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