Pt Trans Power Marine Tbk · IDX:TPMA
Pt Trans Power Marine Tbk — Q2 2024 Earnings Presentation
20 slides from Pt Trans Power Marine Tbk's earnings presentation, Aug 23, 2024
Slide 1: Company Update 2Q24
Company Update 2Q24 PT Trans Power Marine Tbk
Slide 2: Table of Contents
TABLE OF CONTENTS • Company Profile • Industry Overview • Operational Update • Financial Highlights
Slide 3: Company Profile
COMPANY PROFILE
Slide 4: About Us
About Us We pride ourselves in delivering expert and tailored solutions for bulk cargo transportation and handling, particularly for the coal sector in Indonesia. We have successfully operated in the shipping industry providing services of coal and other cargo transportation using tugs and barges. W
Slide 5: Our Service
Our Service Barging Floating Crane • Our service on tug and barges • Transport bulk commodities including transshipment and long from loaded barges into towing mother vessel • Our focus on dry bulk product ranging from coal, wood chip, silica sand, etc. • Our crane loading rate could • We operates b
Slide 6: Our Service
Our Service Pelabuhan Muat Loading Port Transhipment A Berlayar B Voyage A : Transshipment B : Inter Island Pelabuhan Bongkar Inter Island Discharge Port
Slide 7: Key Customer Profile
KEY CUSTOMER PROFILE Nit =u ‘\ PT PELAYARAN BAHTERA ADHIGUNA BORNEO INDOBARA a KPEW InDExim CKTH] \\ PT PELAYARAN BAHTERA ADHIGUNA Subsidiary of
Slide 8: Shareholding Structure
SHAREHOLDING STRUCTURE 65% 42,86%* 57,14%** PT Pacifik Pelayaran Indonesia PT Bahtera Energi Samudra T&J Industrial Holding Tuah PT Pelayaran Trans Nusa Limited 70% 30% PT. Trans Logistik Perkasa *TPMA indirectly owned 30% in TLP **PPI indirectly owned 40% in TLP
Slide 9: Industry Overview
INDUSTRY OVERVIEW
Slide 10: Indonesia Coal Production
Indonesia Coal Production Monthly Coal Production vs. ICI 4 Coal Production in 6M24 vs 6M23 80 58 57 58 57 450 80 67.55 71 67.34 71.68 56 394.49 70 57 400 380.56 64.14 64.26 70 59.52 60 55 56 350 60 50 55 300 50 54 56 250 40 54 40 200 30 53 30 150 20 52 20 100 10 51 50 10 0 50 0 0 Jan-24 Feb-24 Mar-
Slide 11: Operational Update
OPERATIONAL UPDATE
Slide 12: Operational Fleets
OPERATIONAL FLEETS 1H24 Additional FY24F TPM BEST TLP TPM BEST TLP TPM BEST TLP Tug boat 41 32 46 2 6 12 43 38 58 Barges 35 27 40 6 5 12 41 32 52 Floating 3 - - 1 - - 4 - - Crane Tanker - - 1 - - - - - 1
Slide 13: Operation by Segment
Operation by Segment Barging volume (in '000 MT) Revenue Breakdown 7,000 6,000 811 35,000 5,000 954 4,000 30,000 3,000 5,580 8,330 2,000 4,082 9,962 1,000 25,000 - 1H23 1H24 Transshipment Long Towing (LT) 20,000 Floating Crane Volume ('000 tonne) 15,803 9,598 5,000 15,000 4,500 4,000 4,448 3,500 10,
Slide 14: Historical Volume
Historical Volume in MT 2018 2019 2020 2021 2022 2023 1H24 Barging 5.53 8.56 7.94 6.13 7.8 11.3 6.39 F.C 5.78 7.21 5.37 5.00 8.29 7.27 2.11 Indonesia Coal Production 557.8 616.2 565.7 606.3 685.8 770.2 380.16 % barging market share 1.0% 1.4% 1.4% 1.0% 1.1% 1.5% 1.7% Source: Company, Ministry of Ener
Slide 15: Financial Highlights
Financial Highlights
Slide 16: Quarterly Review
Quarterly review in US$ million (unless stated otherwise) 6M23 6M24 yoy Revenue 32.4 30.8 -4.9% COGS -21.1 -18.4 -13.0% Gross Profit 11.3 12.5 10.2% GPM 35% 40% G&A -2.3 -2.5 6.8% EBIT 9.0 10.0 11.1% EBIT Margin 28% 32% Interest Expenses -0.2 -0.6 Gain (Loss) on Foreign Exchange 0.5 -0.5 Profit (los
Slide 17: Direct Cost Breakdown
DIRECT COST BREAKDOWN COGS breakdown in '000 USD 100% 25,000 90% Others Vessel rental 80% 20,000 Others Vessel document Vessel rental Transportation 70% Vessel document Transportation Vessel supplies Vessel supplies 60% 15,000 Stevedoring Stevedoring Repair and maintenance Repair and maintenance 50%
Slide 18: ICI 4 Correlation with Profitability Margin
ICI 4 correlation with profitability margin 90 60% 80 50% 70 60 40% 50 30% 40 30 20% 20 10% 10 - 0% 2018 2019 2020 2021 2022 2023 1H24 ICI 4 (US$/MT) GPM (RHS) EBITDA Margin (RHS) NP Margin (RHS) Source: Argus, Company Report
Slide 19: Financial Performance Continues to Improve
Financial performance continues to improve in US$m 35 32 30 29 25 20 20 17 15 14 15 10 5 4 2 - 2020 2021 2022 2023 Net income EBITDA
Slide 20: Financial Position – Balance Sheet
Financial position – BALANCE SHEET 20 DEBT TO EQUITY 18 20% 18% 16 16% 14 14% 12 12% 10 10% 8 8% 6 6% 4 4% 2 2% 0 0% 2017 2018 2019 2020 2021 2022 2023 1H24 FY22 FY23 1H24 Working Capital Loan Investment In US$m NET GEARING 25 3% 20 2% 20 1% 15 15 15 0% -1% FY22 FY23 1H24 10 10 -2% 6 5 -3% 5 -4% 0 -
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