Sincere Navigation Corporation · TWSE:2605
Sincere Navigation — KGI Securities Investor Conference 2022
20 slides from Sincere Navigation's conference presentation, June 2022
Slide 1: Company Presentation June 2022
新 興 2022 航 Company Presentation Sincere Navigation Corporation 運 June 2022 新興航運股份有限公司 Sincere Navigation Corporation 1
Slide 2: Company Overview
Company Overview 2022 新興航運股份有限公司 Sincere Navigation Corporation 2
Slide 3: Sincere Navigation Fleet Summary
Sincere Navigation Fleet Summary Tankers Dry Bulk Stable Diligence Improving VLCC Capesize • Placed in Tankers International Pool, to achieve • Carries major commodities, like iron ore, coal, and grains. long‐term commercial management stability. • Flexible operations between spot and mid and long‐t
Slide 4: Industry Outlook
Industry Outlook 2022 新興航運股份有限公司 Sincere Navigation Corporation 4
Slide 5: 2022 Tanker Market Positive / Negative Drivers
2022 Tanker Market Positive / Negative Drivers Positive Drivers Negative Factors Covid‐19 vaccine successfully developed to Covid‐19 Omicron and its subtype mutant reduce the pandemic influence. globally, increasing airline and traveling International conventions on environmental demand. prote
Slide 6: VLCC Market Dynamics
VLCC Market Dynamics OPEC Production & VLCC Earnings Tanker Spot Earnings Source: Clarkson Shipping Intelligence Weekly, 1 June 2022 新興航運股份有限公司 Sincere Navigation Corporation 6
Slide 7: VLCC Spot Earnings
VLCC Spot Earnings Source: Clarkson Shipping Intelligence Weekly, 1 June 2022 新興航運股份有限公司 Sincere Navigation Corporation 7
Slide 8: VLCC New Building
VLCC New Building Delivery Schedule > Crude Tanker > UL/VLCC Crude Tanker (200K+ dwt) Created 06 June 2022 07:25 Built Delivered Vessels Delivered Dwt Orderbook Vessels Orderbook Dwt 2017 50 15,234,032 2018 39 12,128,620 2019 68 21,058,144 2020 37 11,280,697 2021 35 10,822,643 2022 16 4,889,176 30 9
Slide 9: 2022 Dry Bulk Market Positive / Negative Drivers
2022 Dry Bulk Market Positive / Negative Drivers Positive Drivers Negative Factors Covid‐19 vaccine successfully developed to Covid‐19 Omicron and its subtype mutant reduce the pandemic globally and global influence. economy is gradually recovering. International conventions on environmental
Slide 10: Bulk Dry Market Freight Index trends and Spot Earning
Bulk Dry Market Freight Index trends and Spot Earning Baltic Capesize Index Trends Bulkcarrier Spot Earnings 新興航運股份有限公司 Sincere Navigation Corporation Source: Clarkson Shipping Intelligence Weekly, 1 June 2022 10
Slide 11: Capesize Spot Rates Earning
Capesize Spot Rates Earning Source: Clarkson Shipping Intelligence Weekly, 1 June 2022 新興航運股份有限公司 Sincere Navigation Corporation 11
Slide 12: Panamax Spot Earnings & Trip Charter Rates
Panamax Spot Earnings & Trip Charter Rates Source: Clarkson Shipping Intelligence Weekly, 1 June 2022 新興航運股份有限公司 Sincere Navigation Corporation 12
Slide 13: Capesize New Building (100,000 dwt or above)
Capesize New Building (100,000 dwt or above ) Delivery Schedule > Bulker > Capesize Bulker Created 06 June 2022 07:28 Built Delivered Vessels Delivered Dwt Orderbook Vessels Orderbook Dwt 2017 75 15,314,948 2018 51 14,259,757 2019 80 19,040,318 2020 112 24,997,581 2021 88 19,010,270 2022 26 5,572,69
Slide 14: Panamax Vessel New Building (65,000-99,999 dwt)
Panamax Vessel New Building ( 65,000‐99,999 dwt ) Delivery Schedule > Bulker > Panamax Bulker Created 06 June 2022 07:30 Built Delivered Vessels Delivered Dwt Orderbook Vessels Orderbook Dwt 2017 109 8,922,846 2018 68 5,636,547 2019 138 11,379,413 2020 146 12,088,040 2021 103 8,620,857 2022 48 3,967
Slide 15: New Building Price
New Building Price Source: Clarkson Shipping Intelligence Weekly, 1 June 2022 新興航運股份有限公司 Sincere Navigation Corporation 15
Slide 16: Strategic Outlook
Strategic Outlook 2022 新興航運股份有限公司 Sincere Navigation Corporation 16
Slide 17: Business Model Focused on Prudent Asset Management and Cash Flow Generation
Business Model Focused on Prudent Asset Management and Cash Flow Generation Average fleet age for SNC VLCC fleet Prudent risk management is is currently at 9 years, younger than key approach to asset replacement. 10.5 years of the total VLCC fleet average. Average fleet age for SNC Continued c
Slide 18: Overview of Contract & Revenue Structure
Overview of Contract & Revenue Structure Revenue Dry Bulk (11 Vessels) VLCC (3 VSLs) In NTD’K 4,000,000 3,500,000 3,000,000 Capesize Kamsarmax VLOC 2,500,000 (8 VSLs) (2 VSLs) (1 VSL) Spot 2,000,000 Market –TI 1,500,000 One Year Tanker Pool 1,000,000 Fixed Rate Spot Market One Year 500,000 Time Char
Slide 19: Sincere Navigation Fleet
Sincere Navigation Fleet 11.9 Years 新興航運股份有限公司 Sincere Navigation Corporation 19
Slide 20: Sincere Navigation Corporation Investor Relation Contact
2605.TW 新興航運 Sincere Navigation Corporation Investor Relation Contact Spokesperson: Ms. Kathy Chen sncad@snc.com.tw +886‐2‐2703‐7055 新興航運股份有限公司 Sincere Navigation Corporation 20
Sincere Navigation — KGI Securities Investor Conference 2022 on 6ix