Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q3 2021 Earnings Presentation
16 slides from Jinhui Shipping & Transportation's earnings presentation, Nov 15, 2021
Slide 1: Q3 2021 Results Presentation
JINHUI SHIPPING AND TRANSPORTATION LIMITED Q3 2021 Results Presentation 15 November 2021
Slide 2: Disclaimer
Disclaimer This presentation may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including the Company’s management's examination of historical operating trends. Although the Company believes that th
Slide 3: Third Quarter 2021 Highlights
Third Quarter 2021 Highlights Financial Highlights Revenue for the quarter: US$40 million Net profit for the quarter: US$19 million EBITDA: US$25 million Basic earnings per share: US$0.177 Return on equity : 5.72% 3
Slide 4: Third Quarter 2021 Highlights
Third Quarter 2021 Highlights Consolidated net profit of US$19 million for current quarter mainly due to: chartering revenue increase 183% due to strong rebound of market freight rates as compared to last corresponding quarter; took delivery of three vessels in the year to date which brought a
Slide 5: Third Quarter 2021 Highlights
Third Quarter 2021 Highlights net loss of US$3.0 million on financial assets at fair value through profit or loss as compared to net loss of US$1.7 million in last corresponding quarter. During the quarter, the Group repaid US$4 million bank loans; Capex of US$12.9 million, mainly on acquisiti
Slide 6: Financial Highlights
Financial Highlights For the quarter and nine months ended 30 September 2021 Q3 2021 Q3 2020 9M 2021 9M 2020 2020 US$’000 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 40,405 14,257 88,488 31,981 47,118 Reversal of impairment loss on - - 65,521 - - owned vessels Operating profit
Slide 7: Key Financial Ratios
Key Financial Ratios As at 30 September 2021 Q3 2021 Q3 2020 2020 (Unaudited) (Unaudited) (Audited) Total assets (US$’000) 465,505 366,400 366,164 Secured bank loans (US$’000) 95,829 118,591 108,345 Current ratio1 1.54 : 1 1.21 : 1 1.38 : 1 Net gearing2 N/A 20% 15% Working Capital (US$’000) 43,033 1
Slide 8: Our Fleet Development
Our Fleet Development 1987 1991 1992 1994 2000 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 November Year 38 38 36 36 36 No. of vessels owned(1) 35 28 Year to date: 31 Acquired 24 23 5 Supramaxes & Disposed 21 19 19 1 Supramax 18 18 23 Took delivery of 3
Slide 9: Jinhui Fleet of Vessels
Jinhui Fleet of Vessels Fleet Type Size (dwt) Year built Shipyard 1 JIN LANG Post-Panamax 93,279 2010 Jiangsu New Yangzi 2 JIN MEI Post-Panamax 93,204 2010 Jiangsu New Yangzi 3 JIN XIANG Supramax 61,414 2012 Oshima 4 JIN HONG Supramax 61,414 2011 Oshima 5 JIN YUE Supramax 56,934 2010 Shanghai Shipya
Slide 10: Installation of ballast water treatment systems
Installation of ballast water treatment systems Fleet Type Size (dwt) Year built Installation of ballast water treatment systems 1 JIN TONG Supramax 56,952 2008 Year 2021 2 JIN XIANG Supramax 61,414 2012 Year 2022 3 JIN HONG Supramax 61,414 2011 Year 2022 4 JIN LANG Post-Panamax 93,279 2010 Year 202
Slide 11: Debt Maturity Profile
Debt Maturity Profile (Based on information up to 30 September 2021) Total debt as of 30 September 2021: US$96 million (2020: US$108 million) 80% 59% 52% 2020 60% Q3 2021 35% 32% 40% 13% 20% 9% 0% 1 year > 1 - 2 years > 2 - 5 years Secured bank loans represented vessel mortgage loans, revolving lo
Slide 12: Loading Port Analysis Q3 2021
Loading Port Analysis Q3 2021 Chartering revenue expressed by Loading Ports 95% Asia excluding China Australia North America Q3 2021 vs Q3 2020 2% 3% Q3 2021 (%) Q3 2021 Q3 2020 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 45.0 US$ (M) 12
Slide 13: Discharging Port Analysis Q3 2021
Discharging Port Analysis Q3 2021 Chartering revenue expressed by Discharging Ports 87% China Asia excluding China North America Q3 2021 vs Q3 2020 10% 3% Q3 2021 (%) Q3 2021 Q3 2020 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 US$ (M) 13
Slide 14: TCE of Jinhui Shipping's Owned Vessels
TCE of Jinhui Shipping’s Owned Vessels (Based on information up to 30 September 2021) Average daily time charter equivalent rate (TCE) Q3 2021 Q3 2020 9M 2021 9M 2020 2020 US$ US$ US$ US$ US$ Post-Panamax Fleet 20,248 11,805 14,806 9,050 9,929 Supramax Fleet 23,963 8,386 18,254 6,248 6,986 In averag
Slide 15: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels US$ (Based on information up to 30 September 2021) 10,000 8,000 137 242 2,814 6,000 193 2,141 2,109 4,000 4,992 2,000 3,851 3,486 Running cost Depreciation 0 Finance cost 2020 Q3 2020 Q3 2021 Daily vessel running cost is calculated as the aggregate of crew
Slide 16: Outlook
Outlook Supply of newbuildings remain low; Cost side going up (COVID, repatriation costs, maintenance and spare parts); Demand will be affected by global economic trajectory; Volatility is to be expected given unstable geopolitics; Maintain healthy balance sheet remains to be key; and Op
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