BW LPG Limited · OSL:BWLPG
BW LPG — 21st China LPG Conference 2016
15 slides from BW LPG's conference presentation, Mar 17, 2016
Slide 1: 21st China LPG Conference 2016
21st China LPG Conference 2016 17 March 2016
Slide 2: Forward-looking Statements
Forward-looking Statements This presentation has been produced by BW LPG Limited (“BW LPG”) exclusively for information purposes. This presentation may not be reproduced or redistributed, in whole or in part, to any other person. Matters discussed in this presentation and any materials distributed i
Slide 3: BW LPG at a glance
BW LPG at a glance 1,537 PEOPLE NPAT 45 USD 326 VESSELS Million TOTAL EBITDA ASSETS USD 430 Million USD 2.1Bn TCE INCOME TRCF USD 626 1.954 Million ROE EPS 28% USD 2.44 3
Slide 4: 80 Years of Delivering Energy
80 Years of Delivering Energy 4
Slide 5: Our Blue Chip Customer Base
Our Blue Chip Customer Base National Oil Companies International Oil Companies International Trading Companies 5
Slide 6: 2015 Seaborne LPG Trade Overview
2015 Seaborne LPG Trade Overview U.S. cements its status as largest exporting country, China overtakes Japan as world’s largest LPG importer 2015 Seaborne LPG Exports by Country/Region (Mt) Comments 40 35.6 35 Exports 30 Middle Eastern export growth driven by increase 25 in UAE and Iran volumes 20
Slide 7: U.S. LPG Supply – Demand Outlook
U.S. LPG Supply – Demand Outlook Inventory drawdown of ~2mt is required in 2016 to export 25mt of LPG (net), assuming EIA forecasts U.S. LPG Snapshot (Mt) 80 Stock Draw 2.2mt 2.0 70 3.2 24.9 18.5 60 5.8 11.7 1.4 1.8 50 0.4 40 73.7 75.1 68.5 30 59.9 54.4 56.0 53.7 51.2 53.3 52.4 50.3 49.4 20 10 - 201
Slide 8: Composition of LPG consumption is favourable to long term trade
Composition of LPG consumption is favourable to long term trade 26 13 28 78 99 52 By Region By Sector 28 By Trade 120 46 197 76 61 Asia - 36% of Total North America - 22% of Total Seaborne trade - 28% of Total Retail - 44% of Total Chemical - 28% of Total Europe - 17% of Total Middle East - 10% of T
Slide 9: China LPG Consumption
China LPG Consumption The 4 Pillars of Chinese LPG Consumption Retail Chemical 62% of total LPG consumption 10% of total LPG consumption 18.6mt of retail demand 3.0mt of chemical demand Driven by switching from biomass to LPG and % Fastest growing segment driven by PDH capacity of popula
Slide 10: LPG Trade Flows in China
LPG Trade Flows in China 62% LPG import demand growth in 2015 China Imports by Source (11.5 mt) Comments 0.4 0.4 China has overtaken Japan as world’s largest 0.7 LPG importer in 2015 >60% LPG import growth 2.5 7.5 Middle East North America West Africa Asia Pacific Other China Imports by Source (
Slide 11: Global VLGC & BW LPG Fleet Profile
Global VLGC & BW LPG Fleet Profile VLGC Fleet Profile [1] - Average Age: 9.6 Years BW LPG Market Share (Owned + Operated VLGCs) 50 6 45 >20 Years: 38 Vessels / 19% of Fleet 62 40 Other VLGC NB Number of VLGCs 35 30 25 BW LPG VLGC Fleet 20 Other VLGC Fleet 34 174 15 10 5 Total Delivered VLGC Fleet -
Slide 12: Global LPG Trade
Global LPG Trade 28% U.S. Cargoes The LPG export market will be led by U.S. volumes; Far East Asia & India will be the main drivers of import demand growth. LPG exports carried US. LPG exports carried by sea by BW LPG in 2015 1% os Europe & FSU —s 391 903 if i 39 North America be 8% 6S f 218 236 6%
Slide 13: The Future of LPG
The Future of LPG 2014 Global Retail LPG Consumption (Size of Bubble Reflects 2014 2014 Retail Consumption and Potential Uplift Basis Global Average Population) Kg/Capita Levels Potential for 24% short term increase in Chinese retail LPG demand growth 13
Slide 14: Global Leader in Maritime LPG
Global Leader in Maritime LPG Proven Operating Platform In-house technical management “BW LPG’s Preferred partner for vision is to be blue chip charterers the global Proximity to capital markets & Asian demand centers leader in maritime LPG.” Share Liquidity Market leading financing Largest fleet of
Slide 15: Pasir Panjang Road
10 Pasir Panjang Road Mapletree Business City #17-02 Singapore 117438 www.bwlpg.com