Maybulk Bhd · MYX:MAYBULK
Maybulk Bhd — Malaysian Bulk Carriers Berhad — Shareholder Meeting (May 2021)
13 slides from Maybulk Bhd's shareholder meeting presentation, May 17, 2021
Slide 1: Malaysian Bulk Carriers Berhad: 32nd Annual General Meeting
Malaysian Bulk Carriers Berhad: 32nd Annual General Meeting 17th May 2021 CONFIDENTIAL 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securiti
Slide 3: Financial Highlights 2020
FINANCIAL HIGHLIGHTS 2020 3 MALAYSIAN BULK CARRIERS BERHAD
Slide 4: 2020 Group Financial Highlights (Y-O-Y)
2020 GROUP FINANCIAL HIGHLIGHTS (Y-O-Y) FY2020 FY2019 Change FINANCIAL RESULTS (RM’ MILLION) Net Revenue 130.8 206.5 (37%) ▼ Operating Profit (3.6) 32.0 (111%) ▼ (LBT)/PBT excl exceptional items (19.2) 0.0 NM Exceptional Items (1.5) (6.1) 75% ▲ – Gains on liquidation of a subsidiary and a JV 54.3 28
Slide 5: 2020 Consolidated Balance Sheet
2020 CONSOLIDATED BALANCE SHEET FY2020 FY2019 BALANCE SHEET (RM’ MILLION) Total Assets 652.2 957.2 Total Liabilities 377.9 602.4 Cash and Cash Equivalents 38.9 79.5 Total Borrowings 237.3 356.8 Total Lease Liabilities 111.8 204.9 Net Debt (excl. Lease Liabilities) 198.4 277.3 Shareholders’ Equity 27
Slide 6: Our Fleet
OUR FLEET Total of 5 owned and 2 chartered-in Vessels in operation Total Total Capacity Average Age Long-term (Owned & (As of 31 March 2021) Owned (DWT) Chartered Operated Fleet) Kamsarmax 3 0 3 249,178 2.2 approx 80,000–85,000 dwt Supramax 2 1 3 177,529 6.9 approx 55,000-60,000 dwt @ Handysize 0 1
Slide 7: Business Highlights 2020
BUSINESS HIGHLIGHTS 2020 7 MALAYSIAN BULK CARRIERS BERHAD
Slide 8: 2020 Key Business Highlights
2020 KEY BUSINESS HIGHLIGHTS • The dry bulk market was severely impacted by the global economic recession and seaborne trades in particular coal and minor bulks dropped substantially which affected charter rates leading to a decline in net revenue. • COVID-19 impact has continued to weigh on major e
Slide 9: Health and Well-being of Our People A Key Priority
Health and Well-being of Our People A Key Priority Key Initiatives for Crew Summary of Crew Welfare Initiatives Staying Socially Connected • Crew can stay connected with family and friends with onboard wifi International Seafarers’ Welfare and Shipboard Covid-19 management Assistance Network (ISWAN)
Slide 10: 2021 Outlook
2021 OUTLOOK 10 MALAYSIAN BULK CARRIERS BERHAD
Slide 11: Drybulk Earnings
DRYBULK EARNINGS 25,000 Returning of the lost iron ore 25 volume in 1H19, higher than expected coal imports by China and reduced supply due to scrubber retrofitting drove up the market, especially the larger vessel segment 20,000 20 15,000 15 Million USD USD/day Dry bulk shipping recovering from 201
Slide 12: 2021 – Divergent Recoveries Amid High Uncertainty
2021 – DIVERGENT RECOVERIES AMID HIGH UNCERTAINTY • Near term performance expected to remain positive as dry bulk volumes recover and markets rebound strongly from the 2020 COVID-19 shock.. Global economy is • Significant uncertainties remain in vaccine efficacy over new virus mutations, recovering
Slide 13: Thank You
THANK YOU 13 MALAYSIAN BULK CARRIERS BERHAD
Malaysian Bulk Carriers Berhad — Shareholder Meeting (May 2021) on 6ix