Maybulk Bhd · MYX:MAYBULK

Maybulk Bhd — Malaysian Bulk Carriers Berhad — Q1 2016 Earnings Presentation

16 slides from Maybulk Bhd's earnings presentation, May 24, 2016

  1. Slide 1: Maybulk Results 24th May 2016

    MAYBULK RESULTS 24th May 2016 Kuala Lumpur Golf & Country Club MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

  2. 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

  3. Slide 3: Financial Highlights

    FINANCIAL HIGHLIGHTS MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

  4. Slide 4: Year-on-Year Comparison Q1 FY16

    Year-on-Year Comparison Q1 FY16 Q1 FY15 Var RM '000 RM '000 RM'000 Net revenue 36,842 33,234 3,608 Operating expenses (61,683) (57,091) (4,592) (24,841) (23,857) (984) Onerous contracts 0 1,309 (1,309) Other operating income/(loss), net 762 6,118 (5,356) Administrative expenses (1,987) (2,990) 1,003

  5. Slide 5: PBT Bridge

    PBT Bridge - Group Overview - PBT Bridge Jan-Mar 15 - Jan-Mar 16 (5) (10) (23.1) (24.7) (15) (20) 1.3 (25) 4.0 9.4 (30) 5.1 (35) MALAYSIAN BULK CARRIERS BERHAD 5 (Company No:175953-W)

  6. Slide 6: Balance Sheet

    Balance Sheet Q1 2016 Q1 2015 Borrowings RM610.0m RM442.1m Net Debt RM539.4m RM379.8m Shareholders’ Equity RM1,099.7m RM2,020.3m Net Debt/Shareholders’ Equity 49% 19% MALAYSIAN BULK CARRIERS BERHAD 6 (Company No:175953-W)

  7. Slide 7: Commercial Highlights

    COMMERCIAL HIGHLIGHTS MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

  8. Slide 8: Fleet Overview – as of 20th May 2016

    FLEET OVERVIEW – as of 20th May 2016 Post-Panamax/Panamax Supramax Handysize MR Tanker Existing 5* 8 7 2 Fleet 3 - 1 On Order Total 8 8 8 2 *1 vessel has been sold and will be delivered to buyers during Q2 2016 • Modern, versatile fleet of sister vessels that deliver operational efficiencies • Good

  9. Slide 9: Baltic Exchange Average Time Charter Rate - 2016

    BALTIC EXCHANGE AVERAGE TIME CHARTER RATE - 2016 USD/day Handysize Supramax Panamax 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 Jan-16 Feb-16 Mar-16 Apr-16 May-16 MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

  10. Slide 10: Challenging Market Outlook: Unfavourable macro conditions

    Challenging Market Outlook : Unfavourable macro conditions Macroeconomic and industry weakness likely to persist - Baseline 2016 world economic growth projection at modest 3.2%, strengthening expected from 2017 from emerging markets - 2016 outlook continued to be weighed on by: Slowdown in China and

  11. Slide 11: Navigating stormy seas ahead

    Navigating stormy seas ahead - 2016 to remain challenging but higher scrapping rates, reduced order books and more layups should eventually ease overcapacity situation - Group positioning itself for eventual up cycle • Selectively monetising assets to improve liquidity • Arranging long term banking

  12. Slide 12: Steady progress made

    Steady progress made • Secured 15-years long-term CVC contract with TNB Fuels for coal transportation starting Sept 2016 • Deferred portion of charter-in costs for our long-term chartered fleet • Delayed deliveries of newbuilds to avoid delivery into a weak market • Selective divestments of older ve

  13. Slide 13: Deliveries & Orderbook as of 1st May 2016

    Deliveries & Orderbook as of 1st May 2016 Deadweight (Mn) 50.0 Deliveries Orderbook 40.0 Handysize 30.0 Supramax Panamax Post-Panamax 20.0 10.0 0.0 2014 2015 2016e 2017e 2018e 2019e 2020e Source: Howe Robinson Partners MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

  14. Slide 14: Thank you

    Thank you MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

  15. Slide 15: Baltic Dry Index

    BALTIC DRY INDEX 3000 2011: 2012: 2013: 2014: 2015: YTD Avg Avg Avg Avg Avg 2016: 1,549 920 1,206 1,105 718 451 2000 625 points on 1000 20 May 16 0 MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

  16. Slide 16: Baltic Clean Tanker Index

    BALTIC CLEAN TANKER INDEX 1000 900 480 points on 800 20 May 16 700 600 500 400 2011: 2012: 2013: 2014: 2015: YTD Avg Avg Avg Avg Avg 2016: 300 556 720 641 605 601 638 200 100 0 MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)

Malaysian Bulk Carriers Berhad — Q1 2016 Earnings Presentation on 6ix