Sahathai Terminal Public Company Limited · SET:PORT
Sahathai Terminal Public — Q1 2019 Earnings Presentation
32 slides from Sahathai Terminal Public's earnings presentation, July 2019
Slide 1: Company Visit Q1/2019
Company Visit Q1/2019 Strictly Private & Confidential
Slide 2: Table of Content
Table of Content Company Overview Financial Highlights Q1/2019 Business Outlook 2019 Strictly Private & Confidential Page 1
Slide 3: Company Overview
Company Overview Strictly Private & Confidential
Slide 4: Sahathai at a Glance
Sahathai at a Glance Business Description Sahathai offers one-stop solution of logistic activities mainly in water transportation. The company’s services currently include terminal operation, in-land transportation, warehouse and yard rental services, and other related service in water logistic
Slide 5: Our Evolution
Our Evolution 2008 2018 2016 2019 • AMP Terminal (“APMT”) signing MOU to join • The company was • Partner with • BTS was found to be Bangkok River Terminal (“BRT”) to set up founded in 2008, Mediterranean transferred in-land new feeder terminal named Sahathai Coastal Seaport, Shipping Company (“MSC”
Slide 6: Group Structure
Group Structure Strictly Private & Confidential Page 5
Slide 7: Expert in terminal handling business
Expert in terminal handling business Sahathai Terminal Container Throughput Operating Customer Type of Services Types of Crane Main Equipment areas References Unit: ’000 (TEUs) 89 of 121 • Feeder & • 4 Gantry • Reach 1 Rais are Barge cranes stackers 600 Laden utilized for terminal • 2 Jib cranes • S
Slide 8: Container Freight Station and Container Depot
Container Freight Station Sahathai Terminal Operating areas Type of Services Main Equipment Container Throughput 12 Rais • Stuffing • Outsourcing equipment Unit: ’000 (TEUs) Unstuffing (Lease 100%) • Unstuffing and workers 50 6.56 5.74 Stuffing CFS (Stuffing) 6.63 40 (12 Rais) Stuffing LCL/FCL 30 Yo
Slide 9: In-land Transportation and Freight Forward
In-land Transportation Operating areas Type of Services Main Equipment No. of serviced containers Service in Bangkok/Samut Bangkok prakarn area Bangkok/ • In-land container • Outsourcing trucks and Unit: ’000 (Containers) Serviced 1 Containers Samutprakarn/ transportation by drivers 60 3 Chonburi Ch
Slide 10: Industry Update
Industry Update Sahathai Terminal Bangkok Port (Klong Toey Port) • International throughput : 0.20 M. TEUs /1 / 0.041 M. TEUs /2 • Owned by Port Authority of Thailand • Domestic throughput : 0.047 million TEUs /5 • International throughput : 1.5 M. TEUs /1 / 0.35 M. TEUs • 1 International Berth, wit
Slide 11: Covered investment to capture growth
Covered investment to capture growth Container Throughput - Sahathai Container Throughput - BBT Container Throughput - Depot Unit: ‘000 TEUs Potential upside after container depot is (500k TEUs/year) 125 Unit: ‘000 TEUs Maximum capacity (240k TEUs/year) Unit: ‘000 TEUs moved to BCDS 60 100 (350k TEU
Slide 12: Risk mitigation by business alliance model
Risk mitigation by business alliance model Strategic Partner Profile Name : Mitsui O.S.K. Lines (“MOL”) /1 Name : Mediterranean Shipping Company (“MSC”) Country : Japan (Listed in Tokyo Stock Exchange) Country : Switzerland (Non-Listed) Market Cap. : ~USD 3.82 billion Market Cap. : n.a. Carrier Flee
Slide 13: Risk mitigation by business alliance model
Risk mitigation by business alliance model Strategic Partner Profile Name : Mitr Phol Group Name : APM Terminals (“APMT”) Country : Thailand (Non-Listed) Country : Netherland (Non-Listed) Asset size : ~THB 102,552 million Service Network : 172 Port and inland facility in 57 countries Sugar Export Ma
Slide 14: Risk mitigation by business alliance model
Risk mitigation by business alliance model Strategic Partner Profile Name : Frasers Property (Thailand) Public Company Limited (Formerly “Ticon”) Country : Thailand (Listed in Thailand Stock Exchange) Market Cap. : ~THB 34,000 million (5 July 2019) Warehouse Occupancy Rate Related 731,314 Sq. M. 74%
Slide 15: Financial Highlights
Financial Highlights Strictly Private & Confidential
Slide 16: Overall performance – Consolidated
Overall performance – Consolidated Total Revenues (THB million) Profits (THB million) Others Gross Profit EBITDA NI (Parent) % GP (RHS) % EBITDA (RHS) Warehouse & Yard In-land transportation 500 27.4% 30% Terminal 2,000 25.6% 450 25.8% 1,800 398 25% 35 400 1,600 21.8% 21.1% 20.8% 124 120 350 18.0% 1
Slide 17: Terminal – Terminal handling (Feeder & Barge)
Terminal – Terminal handling (Feeder & Barge) Revenues (THB million) Container Throughput (’000 TEUs) 1,400 Feeder 272 Laden 1,200 Barge 600 Empty 537 1,000 500 172 800 225 4.11% 409 10.49% 400 352 600 300 955 400 58 200 679 70 140 545 115 98 200 100 48 45 28 185 198 18 0 0 2016 2017 2018 Q1/2018 Q1
Slide 18: Terminal – CFS/LCL & Container Depot
Terminal – CFS/LCL & Container Depot CFS/LCL Container Depot Unit: THB Unit: THB No. of Serviced Containers Unit: ’000TEUs Unit: ’000TEUs million million 182 Revenu No. of Serviced Containers 100 45 e 46 50 40 200 Revenue 90 45 120 180 80 40 160 100 70 36.9% 35 66.0 % 140 60 30 80 120 50 25 100 85 8
Slide 19: In-land Transportation
In-land Transportation Revenues (THB million) Serviced Containers (’000 Containers) 120 70 60 100 50 80 -30.0 % 40 34 34 -19.9 % 60 115 30 95 40 20 58 11 20 38 10 8 10 26 0 0 2016 2017 2018 Q1/2018 Q1/2019 2016 2017 2018 Q1/2018 Q1/2019 High growth due to the expansion of business (Bangkok/Samutprak
Slide 20: Warehouse & Yard and Others
Warehouse & Yard and Others Revenues from Warehouse & Yard (THB million) Revenues from Others (THB million) Warehouse & Freezone Warehouse Freight forward Freezone Others 140 Yard 120 120 100 100 8.20% 102 80 15.7% 80 59 119 60 60 40 40 36 33 20 41 45 40 25 28 20 2.45 5 2.27 0 9 9 0 11 2 0 1 2016 20
Slide 21: Overall Financial Position
Overall Financial Position Assets, Liabilities and Shareholder’s Equity (THB million) Ratios (Times) 3,000 5.79 2,810 2,842 30% 4.47 4.91 24.4% 6 25% 2,500 2,340 1.18 1.16 1.19 20% 2,000 4.34 1 1,650 2.14 1,746 1,742 15% 12.9% 14.3% 1,418 1,500 1,286 10% 1,065 1,100 (4) 9.6% 922 5% 1,000 6.8% 0% 5.2
Slide 22: Business Outlook 2019
Business Outlook 2019 Strictly Private & Confidential
Slide 23: Continue Growth in BBT
Continue Growth in BBT ICD & FDA License “Port” partner with Mitsui OSK Shipping Line (“MOL”) BBT has obtained ICD License Bangkok Barge Terminal have to establish Bangkok Barge BBT has got BOI in Oct 2016 and signed contract with ONE Line started operate in Nov 2016 and FDA License in Oct 2017 Term
Slide 24: First Year Fully operation in container depot service (BCDS)
First Year Fully operation in container depot service (BCDS) 2nd Phase Started operate in Apr 17, 2018 Started operate in Oct 16, 2018 1st Phase 350,000 TEUs 180,000 TEUs Strictly Private & Confidential Page 23
Slide 25: Expand Yard and Reefer Yard
Expand Yard and Reefer Yard Expand Yard 24,000 Sq.m. (increasing in terminal capacity about 20%) Reefer Yard for 300 Plug stations Strictly Private & Confidential Page 24
Slide 26: Bangkok River Terminal
Bangkok River Terminal Commercial international port project. Registered Capital : 150 mm. Baht (Paid up 37.5 mm. Baht) Objectives : The international feeder terminal project to support increasing in container throughput and expand capacity in terminal service. Location : Span on an area of over 72,
Slide 27: Business Expansion
Business Expansion Bangkok Bangkok River Terminal River Terminal Continue growth in service volume and high utilization rate 71% 83% Strategic/Business Partners and Risk mitigation Market share Parent company TEUs capacity 19% 12 m. TEUs Sugar Export Ranking Market share World Ranking 1 19.4% 1 Stri
Slide 28: Bangkok Logistic Park
Bangkok Logistic Park Warehouses and industrial properties in Thailand. Registered Capital : 300 mm. Baht (Paid up 180 mm. Baht) Objectives : To invest, own, develop, operate and manage the logistics parks, warehouses and industrial properties in Thailand to supporting the customers need of both par
Slide 29: Business Expansion
Business Expansion Bangkok Logistics Park Sahathai Terminal Warehouse area Freezone Warehouse (15 Rais) 38,277 sqm. General Occupancy Rate Warehouse (18 Rais) Freezone yard 100% Related Strictly Private & Confidential Page 28
Slide 30: Strictly Private & Confidential
Strictly Private & Confidential
Slide 31: Disclaimers
Disclaimers Some statements made in this material are forward-looking statements with the relevant assumptions, which are subject to various risks and uncertainties. These include statements with respect to our corporate plans, strategies and beliefs and other statements that are not historical fact
Slide 32: Thank You
ALL THE RIGHT CONNECTIONS THANK YOU For more information, Please visit our website: www.sahathaiterminal.com or contact us at ruthairat.b@sahathaiterminal.com Tel. +66 (0) 2386 8000 # 1888
Sahathai Terminal Public Company — Q1 2019 Earnings Presentation on 6ix