Singamas Container Holdings Limited · HKEX:716
Singamas Container — H1 2024 Earnings Presentation
32 slides from Singamas Container's earnings presentation, Aug 23, 2024
Slide 1: 2024 Interim Results Announcement
SINGAMAS Singamas Container Holdings Limited (Incorporated in HK with Limited Liability) (HKEx stock code: 00716) 2024 Interim Results Announcement 23 August 2024 www.singamas.com r ENERG| -—STORMG
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for any ordinary shares (“Shares”) or rights to purchase Shares in Singamas Contain
Slide 3: Agenda
Agenda Corporate Profile Industry Dynamics Financial Review Business Review Appendices • Consolidated income statement • Singamas’ comprehensive factory & depot network 3
Slide 4: Corporate Profile
CORPORATE PROFILE / fill 2 =. 7 fy
Slide 5: Business Overview
Business Overview Listed since 1993 MANUFACTURING LEASING LOGISTICS & DEPOTS Manufactures a wide range of products Provides Standard 20’ & 40’ Operates 8 Container Depots at the Container Leasing Services major ports in China2 5 Factories in Shanghai, Xiamen and Huizhou, China Short-term O
Slide 6: Manufacturing - Dry Freight Containers
Manufacturing - Dry Freight Containers Dry Freight Container is the major product of Singamas over the years. • Dry Freight Containers are essential components of transportation logistics, serving as standardized units for the efficient movement of goods across various modes of transport. They con
Slide 7: Manufacturing – ISO Specialised Containers
Manufacturing – ISO Specialised Containers ISO specialised containers are mainly for marine transportation, including ISO tanks, open top & open sides containers, flat racks, bulk containers, etc. ISO Specialised Containers Bulk (Food) Containers Tank Containers Flat Rack Containers Platform Conta
Slide 8: Manufacturing - Customised Containers
Manufacturing - Customised Containers Singamas cooperates with customers to develop tailor-made container designs and offer container solutions. Our customers come from various sectors, e.g., energy, environmental protection, telecommunication, information technology, data network infrastructure
Slide 9: Manufacturing - Customised Containers [Energy Storage System (ESS)]
Manufacturing - Customised Containers [Energy Storage System (“ESS”)] Core Product of Singamas’ Customised Containers – ESS Container For illustration purpose only On the electricity user side, ESS container stores electricity during periods of low consumption, and then releases electricity during
Slide 10: Leasing - Services
Leasing - Services Background and Development Teamwill International Limited (“Teamwill”) is Singamas’ wholly-owned subsidiary which operates global container trading and leasing business. As of the end of June 2024, Teamwill owns a fleet of 56,000 TEU leasing containers. Most of its customers are t
Slide 11: Leasing - Services
Leasing - Services We specialize in providing the standard 20-foot Extensive network of Drop-off Locations: and 40-foot container leasing services: China's Major Ports: Short-term Operating Lease, Shanghai, Dalian, Qingdao, Tianjin, Ningbo, from 1 to 3 years Xiamen, Shekou, Yantian, Nansha… Long
Slide 12: Logistics Services Business – Overview and Strategy
Logistics Services Business – Overview and Strategy Singamas is a Major Operator of 8 Container Depots in China with over 30 years of Industry Experience. • Network with key port operators in China. • Customer Relationships with global major shipping companies and leasing companies: DSIC Shipping
Slide 13: Industry Dynamics
INDUSTRY DYNAMICS 13 13
Slide 14: Container Manufacturing Dynamics – Dry Freight Container
Container Manufacturing Dynamics – Dry Freight Container Singamas Dry Freight Production: During the first half of 2024, the selling price of Dry Freight Container was in a leaping trend. With low selling prices in the first quarter, and sudden uplift of selling prices in the second quarter, the A
Slide 15: Container Manufacturing Dynamics – Dry Freight Container
Container Manufacturing Dynamics – Dry Freight Container Other Indirect Factors : The world economy is recovering moderately, and some major economies have entered an inventory replenishment cycle, which is beneficial to shipping demand. The United Nations Conference on Trade and Development predi
Slide 16: Leasing Industry Dynamics
Leasing Industry Dynamics Leasing Rates and Cash Returns: Long-term Lease Rates are expected to rise in 2024 and adjusted gradually before 2027. From 2027, LTLs are expected to go up again: 20ft standard container will increase from Annualised newbuild dry freight container price (US$), long-ter
Slide 17: Financial Review
FINANCIAL REVIEW 17 17
Slide 18: Consolidated Revenue
Consolidated Revenue US$’M 500 Singamas recorded consolidated revenue of US$242.9 million in 1H2024, an increase of 28% over the revenue of US$189.4 million in 1H2023. Mainly due to increase in demand 455.9 472.4 +28% for dry freight containers attributable to the rise in global trade volume and
Slide 19: Consolidated Net Profit / Loss
Consolidated Net Profit / Loss US$’M 50 Consolidated net profit attributable to owners of the Company was US$17.2 million 30 (1H2023: US$9.8 million), including interest earned on bank +76% deposits of US$6.7 million 10 (1H2023: US$6.8 million). 59.3 38.0 9.8 17.2 -5.3 -10 1H2020 1H2021 1H2022 1H2
Slide 20: Basic Earnings/ Loss per Share
Basic Earnings/ Loss per Share US cents 3 2 Basic earnings per share was US0.72 cent, 1 compared with US0.41 +76% cent in 1H2023. 2.45 1.57 0.41 0.72 0 -0.22 -1 1H2020 1H2021 1H2022 1H2023 1H2024 20
Slide 21: Net Asset Value per Share
Net Asset Value per Share US cents 30 25 +1% Net asset value per share 20 slightly increased from 15 US23.16 cents as at 31 27.98 25.01 23.16 23.32 December 2023 to 10 20.58 US23.32 cents as at 30 5 June 2024. 0 2020 2021 2022 2023 1H2024 As at 31 Dec As at 31 Dec As at 31 Dec As at 31 Dec As at 3
Slide 22: Dividend
Dividend HK$ Payout Ratio 0.5 400% 0.45 344% 350% 0.4 300% 0.35 0.25 250% 0.3 Special Dividend 0.25 200% Dividend 0.2 Payout Ratio 150% 0.15 0.17 100% 0.1 71% 0.18 40% 53% 50% 0.05 0.06 0.05 0.03 0 0% 0% 2020 2021 2022 2023 2024 For the year ended 31 December For the half year ending 30 June An in
Slide 23: Business Review
BUSINESS REVIEW 23 23
Slide 24: Manufacturing and Leasing Business – Revenue and Profit Analysis
Manufacturing and Leasing Business – Revenue and Profit Analysis Revenue Profit Before Taxation US$’M US$’M 70 500 60 400 50 300 40 66.0 459.9 +30% 30 200 20 +76% 100 228.7 175.7 10 18.2 10.3 0 0 1H2022 1H2023 1H2024 1H2022 1H2023 1H2024 Manufacturing and leasing segment achieved revenue of US$228
Slide 25: Manufacturing Business – Sales Volume and Sales Revenue Breakdown
Manufacturing Business – Sales Volume and Sales Revenue Breakdown Sales Volume (By Unit) Revenue Breakdown (By Amount) 1.0% 3.9% 0.9% 16.4% For the six months 2023 2024 3.4% 15.7% ended 30 June 4.5% Dry freight (TEU) 45,482 91,175 20.4% 2023 1.7% 2024 ISO Special (TEU) 3,530 1,594 51.2% Tank (Unit)
Slide 26: Logistics Services Business – Revenue and Profit Analysis
Logistics Services Business – Revenue and Profit Analysis Revenue Profit Before Taxation US$’M US$’M 15 5 +3% Segment revenue amounted to -11% US$14,134,000 (1H2023: 4 US$13,689,000). 10 Profit before taxation and non- 3 controlling interests totaled 14.1 4.9 US$4,366,000 (1H2023: 13.7 12.6 4.4
Slide 27: Operating Strategies
Operating Strategies Deploy Contingency Plans amid Fast Changing Market The market has experienced significant ups and downs over the past few years, which has been difficult for factories to cope with. To improvise successfully, we need to deploy and implement different contingency plans, includi
Slide 28: Appendices
APPENDICES 28 28
Slide 29: Consolidated Income Statement
Consolidated Income Statement For the six months ended 30 June 2024 2023 US$’000 US$’000 Revenue 242,864 189,391 Cost of sales (206,186) (163,003) Gross profit 36,678 26,388 Other income 9,687 11,123 Distribution expenses (6,809) (5,013) Administrative expenses (17,761) (14,868) Finance costs (520)
Slide 30: Manufacturing Facilities
Manufacturing Facilities Singamas has five manufacturing facilities in China with total annual capacity of 222,000 TEUs of dry and ISO specialised containers, 10,000 units of tank containers and 10,000 units of offshore and customised special containers. No. Factories Area (m2) Annual capacity Des
Slide 31: Container Depot / Terminals
Container Depot / Terminals Singamas operates 8 container depots in key coastal regions in China. Average Repair Storage Turnaround Allocated Capacity per Capacity Time of Truck Repair Area Day No. Depots Area (m2) (TEU) (minute) (m2) (unit) DSIC 1 Dalian Singamas International Container Co. Ltd.
Slide 32: Thank You
THANK YOU Singamas’ WeChat Singamas’ WeChat Investor Relations Mini-Program Official Account
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