Sincere Navigation Corporation · TWSE:2605
Sincere Navigation — 2Q 2017 Investor Summit by Waterland Securities
17 slides from Sincere Navigation's conference presentation, June 2017
Slide 1: 2017 Shipping Market
2017 Shipping Market Sincere Navigation Corp. (2605) Speaker ： Lee Yih-Ren 1
Slide 2: 2017 Bulk Shipping – Positive/Negative Factors
2017 Bulk Shipping – Positive/Negative Factors POSITIVE FACTORS: •US President Mr. Donald J. Trump’s New Economic Policy •China: One Belt One Road •International Convention Regulation (Ballast Water Convention) •PRC increase steaming coal import •New Building reduction NEGATIVE FACTORS •Iron ore inv
Slide 3: Charter Hire for Bulk Vessel
30 25 20 15 10 Charter Hire for Bulk Vecceal eum Capesize Average Spot eee Panamax Average Spot Supramax Tripcharter Jun Aug Oct "15 "15 "15 Dec Feb Apr 15 ‘16 ‘16 Jun Aug Oct Dec Feb Apr ‘16 ‘16 ‘16 ‘16 ‘17 ‘17
Slide 4: Capesize Vessel Freight/Hire
Capesize Vessel Freight/Hire
Slide 5: Panamax Vessel Freight/Hire
Panamax Vessel Freight/Hire
Slide 6: Charter Hire for Tanker
Charter Hire for Tanker Crude Tanker Spot Earnings ($,000's/day) VLCC Suezmax Aframax Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr 15 15 ‘15 15 ‘16 16 16 ‘16 16 ‘16 17 ‘17
Slide 7: VLCC WS & Hire
VLCC WS & Hire VLCC Single WS 2017 Average earnings $ per day Voyage..... May 26 Jun02) 2017 2015 = 2016 = 2017 | May 26 23/280,000t Gulf - Europe 24 29 36 57,649 38,677 17,913 | 2,839 23/280,000t Gulf - US Gulf * 22 27 34 68,365 44,802 21,668 | 4,289 23)265,000t Gulf - Japan * 485 525 | 64 65,865 4
Slide 8: New Building & Demolition Summary
New Building & Demolition Summary
Slide 9: Vessel Newbuilding Statistic
Vessel Newbuilding Statistic
Slide 10: Vessel Demolition Statistic
Vessel Demolition Statistic
Slide 11: SNC Fleet List
SNC Fleet List Existed Vessels: •Bulk Carriers: •Capesize: 9 •Kamsarmax: 2 •Handymax: 2 •Tanker: 3 Newbuilding: 1 VLOC
Slide 12: aS eS |S Rei [A 3238 OT
aS eS |S Rei [A 5 3238 OT JB $y 1 53,390 S Hl iS $0 4h A A 2007 the. He ar 1 53,383 S Hl iS 81h AK A 2008 = & bao 1 81,594 A 2 ek RAS 2014 F FE oa 1 81,676 KE BR AS 2014 aA “ig cs 1 172,424 45 A” BIR a 2003 * ua cy 1 175.980 a5 A BR AS 2003 * ua cS 1 175,569 a5 A BR As 2004 za ua $e 1 175,569 a5 A B
Slide 13: Consolidated Statement of Comprehensive Income
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Expressed in thousands of New Taiwan Dollars, except earnings per share) ITEMS YEAR 2015 YEAR 2016 1Q of 2017 Operating revenue 5,063,606 3,580,467 863,473 Operating costs (3,139,208) (2,621,142) (640,745) Net operating margin 1,924,398 959,325 222,728
Slide 14: Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS (Expressed in thousands of New Taiwan Dollars, except net worth per share) ITEMS Dec. 31, 2015 Dec. 31, 2016 Mar. 31, 2017 Current assets 6,476,700 5,942,916 5,193,052 Property, plant and equipment 21,877,946 19,630,667 20,354,776 Other non-current assets 33,016 13,353 21
Slide 15: Earnings and Dividends in Past Ten Years
EARNINGS AND DIVIDENDS IN PAST TEN YEARS (Expressed in thousands of New Taiwan Dollars, except earnings and dividends per share) ITEMS YEAR 2007 YEAR 2008 YEAR 2009 YEAR 2010 YEAR 2011 Net income 3,308,150 2,891,791 3,080,856 2,103,471 1,759,319 Earning per share 6.84 5.09 5.42 3.70 3.10 Cash divide
Slide 16: Questions & Answers
Questions & Answers
Slide 17: The End – Thanks for Listening
§ The End § Thanks for Listening.
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