Maybulk Bhd · MYX:MAYBULK
Maybulk Bhd — Malaysian Bulk Carriers Berhad — Shareholder Meeting (May 2019)
15 slides from Maybulk Bhd's shareholder meeting presentation, May 3, 2019
Slide 1: Malaysian Bulk Carriers Berhad 30th Annual General Meeting
Malaysian Bulk Carriers Berhad 30th Annual General Meeting Sime Darby Convention Centre, 3 May 2019 Alam Kekal Alam Kuasa Alam Kukuh
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: 2018 In Review & Highlights
2018 IN REVIEW & HIGHLIGHTS MALAYSIAN BULK CARRIERS BERHAD 3
Slide 4: 2018 In Review: Drybulk Shipping Market Recovering from Historical Low
2018 IN REVIEW Drybulk Shipping Market Recovering from Historical Low 2016 2017 2018 $16,000 $14,000 $12,000 $10,000 Historical 20-year low (USD/day) $8,000 Rates recovered in 2017/2018 $6,000 MBC’s Vessels MBC’s Vessels MBC’s Vessels $13,140 p/d $4,000 $6,236 p/d $9,168 p/d $5,562 p/d $9,766 p/d $1
Slide 5: 2018 In Review – Key Highlights
2018 IN REVIEW – KEY HIGHLIGHTS • For Full Year 2018, MBC reported a profit before tax of RM264.8 million compared with a loss of RM129.0 million in 2017. • Excluding gain on disposal of POSH shares, the Group’s operating loss decreased to RM19.3 million in 2018 from a loss of RM21.1 million in 2017
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS MALAYSIAN BULK CARRIERS BERHAD 6
Slide 7: 2018 Group Financial Highlights
2018 GROUP FINANCIAL HIGHLIGHTS Improved operating results in 2018 compared to the previous year (RM Million) 2018 2017 Improvements 198.3 197.7 Net Revenue +0.3% 15 ships (5,150 hire days) 18 ships (6,717 hire days) Loss from Operation (19.3) (21.1) +8.5% Exceptional Items* 292.5 104.0 +181.3% Asso
Slide 8: 2018 Group Financial Highlights: Disposal of POSH Shares
2018 GROUP FINANCIAL HIGHLIGHTS Disposal of POSH shares - Net Proceeds of RM 249.2 million • The Group disposed of its associate, PACC Offshore Services Holdings Ltd (“POSH”) by way of a Renounceable Restricted Offer for Sale (“ROS”) to MBC shareholders with an offer price of RM0.65 per POSH share.
Slide 9: Our Fleet
OUR FLEET MALAYSIAN BULK CARRIERS BERHAD 9
Slide 10: Our Fleet – Fuel Efficient, Modern Fleet
OUR FLEET - Fuel Efficient, Modern Fleet with Average Age of 5.9 years Total of 16 owned and operated vessels Vessels in operation Total Total Capacity Average Age (As of 30 April 2019) Long-term (Owned & Owned (Million DWT) Chartered Operated Fleet) Post-Panamax & Kamsarmax 5 0 5 420,341 5.7 approx
Slide 11: Market & Business Outlook
MARKET & BUSINESS OUTLOOK MALAYSIAN BULK CARRIERS BERHAD 11
Slide 12: 2019 – Persevering in the Face of Market Volatilities
2019 – PERSEVERING IN THE FACE OF MARKET VOLATILITIES World Output and Growth China GDP 90 3.9 16 7.4 88 3.8 7.2 86 14 3.7 7.0 US$ '000 Billions 84 US$ '000 Billions 82 3.6 12 6.8 80 3.5 6.6 % % 78 10 3.4 6.4 76 3.3 8 6.2 74 Projection Projection 3.2 6.0 72 3.3% 6 6.3% 70 3.1 5.8 68 3.0 4 5.6 2014 2
Slide 13: Building Business Resilience & Fleet Performance
BUILDING BUSINESS RESILIENCE & FLEET PERFORMANCE ✓ Robust revenue portfolio to manage market cycles and seasonalites; ✓ Divestment of older vessels to monetize value as part of fleet renewal; ✓ Continuously raise fleet safety standards and operational performance; and ✓ Maintaining high governance s
Slide 14: Q & As
Q & As MALAYSIAN BULK CARRIERS BERHAD 14
Slide 15: Thank you
Thank you MALAYSIAN BULK CARRIERS BERHAD 15
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