Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q2 2022 Earnings Presentation
18 slides from Jinhui Shipping & Transportation's earnings presentation, Aug 24, 2022
Slide 1: Jinhui Shipping and Transportation Limited Q2 2022 Results Presentation
JINHUI SHIPPING AND TRANSPORTATION LIMITED Q2 2022 Results Presentation 24 August 2022
Slide 2: Disclaimer
Disclaimer • This presentation may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including the Company’ management's examination of historical operating trends. Although the Company believes that t
Slide 3: Q2 2022 Financial Highlights
Q2 2022 Financial Highlights Revenue for the quarter: US$51 million Net profit for the quarter: US$20 million EBITDA: US$30 million Basic earnings per share: US$0.186 Gearing ratio as at 30 June 2022: 1% Interim dividend per share: US$0.03 3
Slide 4: Highlights – Q2 2022
Highlights – Q2 2022 Reported net profit of US$20 million; Chartering revenue increased 59% to US$51 million, due to remarkable rebound of market freight rates and increase of number of owned vessels as compared to last corresponding quarter; Average TCE in Q2 2022 significantly stronger than
Slide 5: Highlights – Q2 2022
Highlights – Q2 2022 Net loss of US$4.5 million was recognized in current quarter on financial assets at fair value through profit or loss, as compared to net gain of US$1.6 million from last corresponding quarter; Fair value loss on investment properties of US$0.8 million was reported during th
Slide 6: Financial Highlights For the quarter and six months ended June 2022
Financial Highlights For the quarter and six months ended 30 June 2022 Q2 2022 Q2 2021 1H 2022 1H 2021 2021 US$’000 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 50,629 31,902 83,265 48,083 131,069 Net gain on disposal - - 6,146 - - of owned vessels Reversal of impairment loss on
Slide 7: Key Financial Ratios as at June 2022
Key Financial Ratios as at 30 June 2022 Q2 2022 Q2 2021 2021 (Unaudited) (Unaudited) (Audited) Total assets (US$’000) 605,905 452,059 547,725 Secured bank loans (US$’000) 76,675 100,013 92,578 1 Current ratio 1.61 : 1 1.61 : 1 1.50 : 1 2 Net gearing 1% N/A 4% Working Capital (US$’000) 44,523 48,187
Slide 8: Our Fleet Development
Our Fleet Development 1987 1991 1992 1994 2000 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 August Year 38 38 36 36 36 No. of vessels owned(1) 35 Year to date: 31 28 Acquired 3 Supramaxes & Disposed 24 23 24 2 Supramaxes 21 19 19 25 18 18 Took delive
Slide 9: Jinhui Fleet of Vessels – owned vessels
Jinhui Fleet of Vessels – 25 owned vessels Fleet Size (dwt) Year built Shipyard Fleet Size (dwt) Year built Shipyard POST-PANAMAX SUPRAMAX 1 JIN LANG 93,279 2010 Jiangsu New Yangzi 13 JIN JUN 56,887 2009 Shanghai Shipyard 2 JIN MEI 93,204 2010 Jiangsu New Yangzi 14 JIN RONG 58,729 2008 Tsuneishi SUP
Slide 10: Jinhui - Chartered-in Vessel
Jinhui - Chartered-in Vessel Fleet Type Size (dwt) Year built Charter-in date Expiry TAHO CIRCULAR Panamax 84,484 2022 Jun 2022 Feb 2029 As of 23 August 2022, we are operating 1 chartered-in vessel. 10
Slide 11: Installation of Ballast Water Treatment Systems
Installation of Ballast Water Treatment Systems Fleet Type Size (dwt) Year built Installation of ballast water treatment systems 1 JIN XIANG Supramax 61,414 2012 Year 2022 2 JIN MAO Supramax 56,496 2012 Year 2022 3 JIN BI Supramax 56,361 2012 Year 2022 4 JIN RONG Supramax 58,729 2008 Year 2023 5 JIN
Slide 12: Debt Maturity Profile
Debt Maturity Profile (Based on information up to 30 June 2022) Total debt as of 30 June 2022: US$77 million (2021: US$93 million) 80% 57% 54% 2021 60% Q2 2022 40% 30% 23% 20% 16% 20% 0% 1 year > 1 - 2 years > 2 - 5 years Secured bank loans represented vessel mortgage loans, revolving loans, term
Slide 13: Cargo Volume Analysis Q2 2022
Cargo Volume Analysis Q2 2022 Q2 2022 total cargo volume 3,298,000 tonnes Q2 2021 total cargo volume Q2 2022 (%) 2,576,000 tonnes 87% Q2 2022 vs Q2 2021 8% 5% Minerals Steel Products Coal* * Including steaming coal and coking coal 13
Slide 14: Loading Port Analysis Q2 2022
Loading Port Analysis Q2 2022 Chartering revenue expressed by Loading Ports Asia excluding China 92% Australia China Q2 2022 vs Q2 2021 6% 2% Q2 2022 Q2 2022 (%) Q2 2021 0.0 10.0 20.0 30.0 40.0 50.0 US$ (M) 14
Slide 15: Discharging Port Analysis Q2 2022
Discharging Port Analysis Q2 2022 Chartering revenue expressed by Discharging Ports 86% China Asia excluding China 14% Q2 2022 vs Q2 2021 Q2 2022 (%) Q2 2022 Q2 2021 0.0 10.0 20.0 30.0 40.0 50.0 US$ (M) 15
Slide 16: TCE of Jinhui Shipping’s Fleet
TCE of Jinhui Shipping’s Fleet (Based on information up to 30 June 2022) Average daily time charter equivalent rate (TCE) Q2 2022 Q2 2021 1H 2022 1H 2021 2021 US$ US$ US$ US$ US$ Post-Panamax / Panamax 23,171 12,250 22,569 12,250 19,116 Fleet Supramax Fleet 26,544 20,000 21,988 15,182 19,247 In aver
Slide 17: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels (Based on information up to 30 June 2022) US$ 10,000 136 8,000 3,830 161 154 6,000 2,587 2,071 4,000 5,924 4,624 4,538 Running cost 2,000 Depreciation Finance cost 0 2021 Q2 2021 Q2 2022 Daily vessel running cost is calculated as the aggregate of crew expe
Slide 18: Outlook
Outlook Dry bulk demand expected to weaken in the second half against a backdrop of softening global economy; Freight environment to remain healthy, due to robust coal demand for electricity production and minor bulk demand for specialized industrial productions; Any additional infrastructure
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