Cbl International Limited · NASDAQ:BANL
Cbl International — H1 2025 Earnings Presentation
33 slides from Cbl International's earnings presentation, Sep 15, 2025
Slide 1: CBL International Limited 1H2025 Interim Results
CBL International Limited 1H2025 Interim Results September 15, 2025 US ET September 16, 2025 MST/HKT
Slide 2: Disclaimer and forward-looking statements
Disclaimer and forward-looking statements This presentation contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the discussions of our business strategies and expectations co
Slide 3: Speakers
Speakers Dr. Teck Lim Chia Chairman and Chief Executive Officer Mr. Nicholas Fung Assistant Chief Financial Officer Ms. Venus Zhao Investor Relations & Public Relations Director
Slide 4: Agenda
Agenda 1) Company Introduction 2) Market Trends & Geopolitical Impact 3) Financial Review 4) Operational Review 5) Strategic Initiatives & Market Outlook 6) Q&A 4
Slide 5: 65 ports: We fuel ocean-going vessels
We fuel ocean-going vessels with reliable, comprehensive solutions Core Competitive Advantages Global port Supplier Customer network relationships relationships ✓ extensive service o Global marine fuel logistics 65 ports ✓ Operational efficiency network ✓ Intra – Asia region ✓ superior service ✓ Mee
Slide 6: Corporate video
" comorsteuanall rporate video B » ll a -—" ~ SERVED TOP 20 INTERNATIONAL CONTAINER LINER OPERATORS 4)
Slide 7: Agenda
Agenda 1) Company Introduction 2) Market Trends & Geopolitical Impact 3) Financial Review 4) Operational Review 5) Strategic Initiatives & Market Outlook 6) Q&A
Slide 8: Seaborne trade and container volume on steady growth
Seaborne trade and container volume on steady growth Seaborne Trade forecast, CBL Network Presence: CBL customers: 2025 – 2029 13 out of 15 Top Ports Worldwide 9 out of 12 Top Global Container Liners (Annual percentage change) Year Total seaborne Containerized Port Location Region Company Share trad
Slide 9: Geopolitical Tensions and Market Impacts
Geopolitical Tensions and Market Impacts Global • Uncertainty to the broader economic environment • While oil price fluctuations brought some volatility, Economic the lower pricing eased working capital Landscape requirements on CBL CBL Actions: • Targeted the increased demand from • Seaborne trade
Slide 10: Agenda
Agenda 1) Company Introduction 2) Market Trends & Geopolitical Impact 3) Financial Review 4) Operational Review 5) Strategic Initiatives & Market Outlook 6) Q&A 10
Slide 11: 1H2025 Financial highlights
1H2025 Financial highlights Total sales volume Revenue Gross profit margin YoY +9.8% 265.2 Million 1.02% YoY -4.4% YoY +4 bps Net Ioss Current ratio Capital days1 0.99 Million 1.54 -4.44 Narrowed by 38.8% vs 1H24 : 1.51 vs 1H24 : -2.65 Note: 1H2025 information as reported as of 30 June, 2025, compar
Slide 12: Revenue breakdown by geographical locations
Revenue breakdown by geographical locations Revenue breakdown by geographical locations Revenue growth by geographical locations 1H2025 vs 1H2024 1H2025 vs 1H2024 0.1% 1.7% 0.9% 2.1% China Hong Kong China 26% Malaysia 27.8% Singapore 67.5% South Korea Others Others 131% 2.3% 0.4% 0.4% China • Establ
Slide 13: Income statement and operational highlights
Income statement and operational highlights Gross profit: Gross profit Revenue: Revenue Gross profit remain at a Revenue declined by 0.0% -4.4% similar level, while GPM 4.4% during the first slightly improved. We half of 2025. The managed to maintain decrease was mainly our gross profit with an $ 2.
Slide 14: Balance sheet highlights and operating cash flow
Balance sheet highlights and operating cash flow High liquidity and flexibility enable sustainable growth Working Capital Management: High liquidity of working capital and cash cycle Bank Facility: Ample bank facilities, a total of facilities: $50 million to fund future business expansion Debt & Lev
Slide 15: Agenda
Agenda 1) Company Introduction 2) Market Trends & Geopolitical Impact 3) Financial Review 4) Operational Review 5) Strategic Initiatives & Market Outlook 6) Q&A
Slide 16: Strategic Global Expansion
Strategic Global Expansion Global Port Coverage Asia Pacific : 81% • Remained CBL’s primary revenue driver, with key + contributions from China, Hong Kong, Malaysia, 65 Singapore, and South Korea. • Volume attributable to deliveries in Asia Pacific surged 36 9.1% year-on-year. • Given several ports
Slide 17: Increase in sales volume
Increase in sales volume 1H2025 Sales Highlights • Sales volume rose by 9.8% in the first half of 2025 despite a challenging macroeconomic environment characterized by Sales volumes fluctuating oil prices and geopolitical instability. • This growth was driven by network expansion, new customer acqui
Slide 18: Biofuel supply
Biofuel supply 1H2025 Biofuel Supply Initiatives & Growth Sales Future Measures • Surge in Sales and Volume • Biofuel sales saw an impressive increase of 154.7% • Further YoY in 1H025 with a significant growth in volume of Over diversify biofuel 189.5%. • Increased sales volume in Singapore, Malaysi
Slide 19: Capital Markets
Capital Markets Investor Engagement Key Developments (1H2025) Investor events and conferences: • Lytham Partners Investor Conference • January 24, 2025: Filed shelf registration • Noble Capital Market Virtual Equity Conference for up to $50.0 million in securities. • 8th China IR Whitepaper Summit •
Slide 20: ESG Initiatives & Corporate Responsibility Roadmap
ESG Initiatives & Corporate Responsibility Roadmap Highlights in 1H 2025 Actions for 2H 2025 Social Responsibility Governance Sustainable Management Model Built up a corporate model for sustainability development, focusing on a reliable and responsible marine fuel supply, ESG goal ESG rating custome
Slide 21: ESG Initiatives & Corporate Responsibility Roadmap
ESG Initiatives & Corporate Responsibility Roadmap Environmental Commitment Social Responsibility Governance Reduce GHG Emissions: Promote IMO Equity & Inclusion: Performance-based In alignment with IMO 2023-compliant 24% UCOME blend to pay with inclusive advancement and decarbonization targets and
Slide 22: Agenda
Agenda 1) Company Introduction 2) Market Trends & Geopolitical Impact 3) Financial Review 4) Operational Review 5) Strategic Initiatives & Outlook 6) Q&A
Slide 23: FY25 Strategy & Outlook
FY25 Strategy & Outlook Strengthen Grow Explore Service Network Sales Volume Sustainable Fuels LNG CH₃ B24 OH • Focusing on Asian Pacific • Continue to target new customers and • Biofuel adoption as a core of CBL’s and European market new segments while maintaining strong sustainability strategy rel
Slide 24: Mid-Term Measures
Mid-Term Measures: Our achievements in 1H25 • GP Remain the same level • Current ratio improved • With our efforts in cost • GPM +0.04 bps from 1.51 to 1.54 saving, our operating • Net loss narrowed by • Capital days improved by expenses decreased 38.8% 1.8 days to -4.44 days by 17% Improve gross pr
Slide 25: Agenda
Agenda 1) Company Introduction 2) Market Trends & Geopolitical Impact 3) Financial Review 4) Operational Review 5) Strategic Initiatives & Outlook 6) Q&A
Slide 26: Thank you!
Thank you! For more information, please email us at: investors@banle-intl.com A qr code with a logo Description automatically generated ,標 一誌 文 圖 張含 字 形 的有 圖片螢幕擷取畫面 ,字 一生 螢 平 產 AI 張的 幕 面 型 含 擷 設 的內有 取 計 圖容畫 圖 片可面 形能 不 正 確 。 自動產生的描述 Corporate Official WeChat Official LinkedIn Official X Website Accou
Slide 27: The value we provided as bunkering facilitator
The value we provided as bunkering facilitator Why bunkering facilitators? Value of bunkering facilitators Logistics planning and preparation before berthing at a seaport • Reduce administrative burden Monitor and and time cost Obtain and compare consolidate quotations from various suppliers market
Slide 28: Our business model
Our business model “Cost plus” pricing • Ensure positive gross profit mechanism • Obtain a “premium” • Key in capturing additional business opportunities Extensive service • Provide flexibility to customers network • 65 ports covering Asia Pacific, Europe Africa, and Central America • Achieving econ
Slide 29: Appendix: Our milestones
Appendix: Our milestones • (Jul) Established • (Jan) Established • Providing stable biofuel Banle Int’l (Malaysia) Majestic Energy supply in major ports Sdn. Bhd. (Singapore) Pte Ltd. across Hong Kong, South ▪ Commenced to • (Aug) Established • (Feb) Established China region and Malaysia introduce a
Slide 30: Appendix: Income statement and operational highlights
Appendix: Income statement and operational highlights For the year ended 30 June 2025 (US$ ’000) 1H2025 1H2024 Change Revenue 265,171 277,232 -4.4% Gross profit 2,715 2,716 0% SG&A expenses 3,416 4,117 -17.0% EBITDA (429) (1,138) 62.3% (Loss) income before income taxes (991） (1,619) -38.8% Net incom
Slide 31: Appendix: Balance sheets statement highlights
Appendix: Balance sheets statement highlights As at As at (US$ ’000) Jun 30, 2025 Dec 31, 2024 Change Cash 5,425 8,021 -32.4% Accounts receivable 32,444 36,680 -11.5% Current assets 60,770 68,340 -11.1% Current liabilities 39,553 46,490 -14.9% Long-term liabilities 5 35 -85.5% Total equity 21,886 22
Slide 32: Appendix: Cash flow statement highlights
Appendix: Cash flow statement highlights For the year ended 30 June 2025 (US$ ’000) 1H2025 1H2024 Change Net cash provided by (used in) operating (1,183) 2,302 -151.4% activities Net cash provided by (used in) investing (2.6) (17) 84.7% activities Net cash provided by (used in) financing (1,410) - -
Slide 33: IMO GHG Reduction Targets Expected to Ramp-up Demand for Sustainable Fuels
IMO GHG Reduction Targets Expected to Ramp-up Demand for Sustainable Fuels On Top of 2025 Implemented EU Measures IMO Decarbonization Targets v. 2008 Emissions Benchmark set out in 2023 Strategy • In April 2025, MEPC B30 refers to the IMO's Marine Environment Protection Committee (MEPC) approval of