Slide 1: Analyst Briefing for 30 June 2010
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Slide 2: MBC Fleet composition 1H2010
MBC Fleet composition 1H2010 Vessel movements over past 1 year • acquired 3 newer vessels – 2 dry bulk carriers, Alam Murni (53,553 dwt, built in Apr-03) and Ikan Juara (32,609 dwt, built in Feb-06) and 1 tanker, Alam Bakti (47,241 dwt, built in Jul-03) • Total fleet size increased by 133,403 dwt. P
Slide 3: Shipping revenue composition and operating profit
Shipping revenue composition Operating profit (i.e Revenue less operating expenses) RM'million Half Half RM'million 800 year Full year year Full year 400 700 10% 600 300 19% 500 400 21% 200 300 90% 18% 81% 200 11% 100 79% 82% 100 89% 0 0 2006 2007 2008 2009 1H2010 2006 2007 2008 2009 1H2010 Bulkers
Slide 4: TCE rates by quarter
TCE rates by quarter USD Dry bulk carriers 50,000 “The dry bulk sectors 40,000 has progressively strengthened since 30,000 Q1 2009” Product tankers 20,000 10,000 “The tanker segment has been range-bound within 0 the USD10,000/day 08 08 09 09 09 09 10 10 – USD20,000/day 3' 4' 1' 2' 3' 4' 1' 2' Q Q Q
Slide 5: Fleet size and revenue days
Fleet size and revenue days DWT Days 1,000,000 6,000 5,000 800,000 435,260 435,260 435,260 4,000 Post Panamax Bulker 435,260 600,000 435,260 Handymax Bulker 3,000 Handysize Bulker 400,000 210,618 227,008 194,807 194,807 2,000 Product Tanker 141,254 109,302 84,125 79,610 200,000 Revenue Days - Charte
Slide 6: 3 Jan 2006 to 23 August 2010
3 Jan 2006 to 23 August 2010 14,000 11,039 on 11,793 on 13 Nov 07 20 May 08 12,000 10,000 4,661 on 4,209 on 8,000 4,407 on 19 Nov 09 26 May 10 5 Dec 06 6,000 4,000 4,219 on 2,000 1 Feb 07 2,033 on 663 on 772 on 2,841 on - 25 Jan 06 5 Dec 08 5 Jan 09 23 Aug 10 6 7 8 9 0 06 07 08 09 10 l-0 l-0 l-0 l-0
Slide 7: 3 Jan 2006 to 23 Aug 2010
3 Jan 2006 to 23 Aug 2010 2,000 1,509 on 1,669 on 19 Jun 08 11 Jan 06 1,600 1,200 on 6 Dec 07 902 on 1,200 11 Jan 10 800 634 on 24 Dec 09 799 on 835 on 684 on 400 15 Nov 06 746 on 16 Dec 08 23 Aug 10 20 Sep 07 345 on 15 Apr 09 - 6 7 8 9 0 6 7 8 9 0 l-0 l-0 l-0 l-0 l-1 0 0 0 0 1 n- n- n- n- n- Ju Ju
Slide 8: World Fleet versus Orderbook
World Fleet versus Orderbook existing fleet size mill DWT orderbook mill DWT % % of DWT on order to existing fleet 140 Million Dead Weight Tonnes 120 100 80 55% 60 43% 40 36% 23% 20 0 Panamax bulker Handymax bulker Handysize bulker Handy/MR Tanker
Slide 9: Group's revenue increased by 71% to RM210.5 million
Group’s revenue increased by 71% to RM210.5 million Revenue days were 2,415 days with time charter rates averaging at US$25,842/day Operating profit, (revenue less operating expenses) increased from RM21.7 million in first half last year, to RM98.3 million for this half year, a 4.5 fold improv
Slide 10: Group Financial Highlights – by segment
Group Financial Highlights – by segment Dry bulk carriers TCE rates (US$/day) Hire days 37,952 5,118 5,120 4,682 30,095 28,397 Half 3,691 year 18,281 19,076 1,957 06 07 08 09 1H10 06 07 08 09 1H10 Tankers TCE rates (US$/day) Hire days 20,638 20,141 19,206 15,975 Half 14,927 1,698 year 1,260 1,168 99
Slide 11: Operating results (RM'million)
Full year Half year Operating results (RM’million) 2006 2007 2008 2009 1H09 1H10 Revenue 441.6 608.1 721.2 303.7 123.1 210.5 % change yoy +12% +38% +19% ‐58% ‐66% +71% Operating EBITDA (excl associate and jointly 334.9 422.3 197.6 182.6 45.3 80.1 controlled entities) % margin 76% 69% 27% 60% 37% 3