Ama Marine Public Co. Ltd. · SET:AMA
Ama Marine Public — Q3 2017 Earnings Presentation
34 slides from Ama Marine Public's earnings presentation, Nov 20, 2017
Slide 1: AMA Marine Public Company Limited – Analyst Meeting 20 November 2017
aN MARINE PUBLIC COMPANY LIMITED
Slide 2: Company Background & Development
AMA MARINE PUBLIC COMPANY LIMITED Company Nature of Operation Result Investment Significant Background & Business & Financial Position Highlighted Business Development Operations
Slide 3: No. of Tanker Vessels & Tanker Trucks
AMA MARINE PUBLIC COMPANY LIMITED 3 Registered Capital • Expand Service Route to “The Philippines” • AMAL’s Registered Capital Increase to 190 MB Increase to 12 MB • Registered Capital Increase to 110 MB • PTGLG enters into holding shares of 32.01% • Expand Service Routes to East Asia Register Capit
Slide 4: Nature of Business
AMA MARINE PUBLIC COMPANY LIMITED Company Nature of Operation Result Investment Significant Background & Business & Financial Highlighted Business Development Position Operations
Slide 5: Revenue structure 9M2017
AMA MARINE PUBLIC COMPANY LIMITED 5 9M2016 9M2017 Revenue structure Million Baht % Million Baht % Tank Trucks Servics International liquid logistics services 27.82% Service income 468.42 69.09 727.55 69.47 Marine Demurrage charge 24.53 3.62 28.43 2.71 Services 72.18% Total revenue from tankers 492.9
Slide 6: AMA Marine Public Company Limited
AMA MARINE PUBLIC COMPANY LIMITED 6
Slide 7: Tanker Trade and Dry Trade
AMA MARINE PUBLIC COMPANY LIMITED 7 Tanker Trade Dry Trade General Cargo Crude Gas Clean Products Chemical Bulk carrier Container • Tankers designed specially for delivery particular items such as crude oil, vegetable oil, Tanker Trade Tanker chemical, natural gas. General cargo • General cargo vess
Slide 8: AMA marine transportation: tanker fleet
AMA MARINE PUBLIC COMPANY LIMITED 8 AMA operates the business on marine transportation. We provide the delivery of liquid product by the standard tankers. • We presently have 10 tankers • We mainly deliver vegetable oil and also have plan to deliver other liquid items: 3 % Other Vegetable Oil e.g. 9
Slide 9: Marine Transportation Service: Charterer
AMA MARINE PUBLIC COMPANY LIMITED 9 Marine Transportation Service : Charterer “The Leading Agriculture Business in Asia – The World Biggest Manufacturer and Distributor Palm Oil” “An International Company Exporting Consumption “The Joint Venture Companies between Kuala Oils and Other Oils” Lumpur Ke
Slide 10: Palm oil data by country (indexmundi)
AMA MARINE PUBLIC COMPANY LIMITED 10 India 9.40 European Union 6.50 China 4.90 Pakistan 3.10 Bangladesh 1.60 United States 1.40 Egypt 1.25 Philippines 0.95 Russian Federation 0.80 Myanmar 0.80 Vietnam 0.77 Malaysia 0.75 Source: www.indexmundi.com (as of 6 November 2017)
Slide 11: Palm oil producers, importers and exporters
AMA MARINE PUBLIC COMPANY LIMITED 11 Producer of palm oil Palm Oil Importer (Figures show the quantity of palm oil production) (Figures show the quantity of the import of palm oil) 60 India 45.29 46.78 42.19 42.02 44.63 43.71 Europe Million Tons 70 66.87 40 61.64 59.40 China 56.38 59.34 58.80 20 Pak
Slide 12: Trading Regions
AMA MARINE PUBLIC COMPANY LIMITED 12 Trading Regions Source: www.southchinasea.org • Southeast Asia • East Asia • South Asia • The Company provides the medium tankers which are suitable for SEA due to the shallow water course • The Company provides the service in the areas where they are the center
Slide 13: Service providers in SEA market share
AMA MARINE PUBLIC COMPANY LIMITED 13 No. of Total Weight Transportation Ratio Service Provider’s Name Vessel (s) (Metric Ton) in SEA (%) Raffles, Singapore 9 105,886 34.88 AMA Marine Public Company Limited 6 23,935 7.89 Megaports, Singapore 2 10,468 3.45 Thai Ship owner 3 7,820 2.58 Samuraya Layer S
Slide 14: AMA Marine Public Company Limited
AMA MARINE PUBLIC COMPANY LIMITED 14
Slide 15: Tank truck service by AMA Logistics
AMA MARINE PUBLIC COMPANY LIMITED 15 The Company’s subsidiary – AMA Logistics Co., Ltd. (“AMAL”) provides the No. of Truck (s) service on inland liquid carrier by tank trucks. We have totally 135 tank trucks, 200 being able to load up to 45,000 liters per truck. • Mainly Loading diesel B100 and gaso
Slide 16: One Way Trip and Backhauling
AMA MARINE PUBLIC COMPANY LIMITED 16 Type 1 One Way Trip Biodiesel Type 2 Manufacturer Backhauling Management B100 Oil refinery
Slide 17: Domestic trucks and fuel usage
AMA MARINE PUBLIC COMPANY LIMITED 17 No. of Truck(s) - Domestic Quantity of Fuel Usage - Domestic Units Million liters 259,084 274,151 283,384 226,934 244,494 21,919 22,151 20,892 21,065 16,973 2013 2014 2015 2016 Jul-17 Non-Public Trucks 10,679 9,713 8,223 8,567 8,240 781,566 785,698 763,082 771,66
Slide 18: Operation Result & Financial Position
AMA MARINE PUBLIC COMPANY LIMITED Company Nature of Operation Result Investment Significant Background & Business & Financial Highlighted Business Development Position Operations
Slide 19: Statements of financial position (Consolidated)
AMA MARINE PUBLIC COMPANY LIMITED 19 Statements of financial position (Consolidated financial statements) – Convert to Baht As at September 30, 2017 Unit : Million Baht 13.18% 4,000 429.83 3,000 (5.64%) (118.44) 47.24% 2,000 548.28 3,690.04 3,260.21 (241.17%) 1,000 1,708.98 2,099.50 1,981.06 (143.11
Slide 20: Comprehensive Income, Consolidated, 3 months
AMA MARINE PUBLIC COMPANY LIMITED 20 Statements of Comprehensive Income (Consolidated financial statements) – Convert to Baht For the three-month periods September 30, 2017 Unit : Million Baht Gross Profit Margin (%) 500 40% 45.67% 32.41% 400 121.23 30% 25.82% 300 20% 16.07% Gross Profit Margin (%)
Slide 21: Comprehensive Income, Separate, 3 months
AMA MARINE PUBLIC COMPANY LIMITED 21 Statements of Comprehensive Income (Separate financial statements) – Convert to Baht For the three-month periods September 30, 2017 Unit : Million Baht 400 50% Gross Profit Margin (%) 47.09% 93.03 40% 36.56% 29.47% 300 30% 20% 200 Gross Profit Margin (%) 18.58% 1
Slide 22: Comprehensive Income, 3 months
AMA MARINE PUBLIC COMPANY LIMITED 22 Statements of Comprehensive Income – Convert to Baht For the three-month periods September 30, 2017 Unit : Million Baht 41.58% Gross Profit Margin (%) 120 30% 28.21 20.01% 90 20% 14.55% 60 3.00% 96.05 0.41 1,701.47% 20.97% 10% 154.62% (5.96) 30 67.84 (6.81) 0.85
Slide 23: Comprehensive Income, Consolidated, 9 months
AMA MARINE PUBLIC COMPANY LIMITED 23 Statements of Comprehensive Income (Consolidated financial statements) – Convert to Baht For the nine-month periods September 30, 2017 Unit : Million Baht 1,200 54.48% 40% Gross Profit Margin (%) 369.34 30.26% 30% 26.68% 900 20% 600 36.20% 1,047.30 74.27 10% Gros
Slide 24: Comprehensive Income, Separate, 9 months
AMA MARINE PUBLIC COMPANY LIMITED 24 Statements of Comprehensive Income (Separate financial statements) – Convert to Baht For the nine-month periods September 30, 2017 Unit : Million Baht 53.36% 40% Gross Profit Margin (%) 800 263.03 30% 32.11% 600 28.91% 20% 400 Gross Profit Margin (%) 755.98 38.04
Slide 25: Comprehensive Income, 9 months
AMA MARINE PUBLIC COMPANY LIMITED 25 Statements of Comprehensive Income – Convert to Baht For the nine-month periods September 30, 2017 Unit : Million Baht 350 57.46% Gross Profit Margin (%) 30% 106.31 25.08% 250 20% 20.68% 29.82% 150 291.32 13.84 (199.37%) 37.79% 10% 171.64% (14.29) 7.51 185.01 Gro
Slide 26: Ratio Analysis (Consolidated)
AMA MARINE PUBLIC COMPANY LIMITED 26 Ratio Analysis (Consolidated financial statements) As at September 30, 2017 USD convert to Baht 2017 2016 Different Current Ratio (current assets / current liabilities) 1.42 4.83 (3.41) Quick Ratio (current assets - Inventories / current liabilities) 1.30 4.72 (3
Slide 27: Investment Highlighted
AMA MARINE PUBLIC COMPANY LIMITED Company Nature of Operation Result Investment Significant Background & Business & Financial Business Development Position Highlighted Operations
Slide 28: AMA Marine Public Company Limited
AMA MARINE PUBLIC COMPANY LIMITED 28
Slide 29: Vessel dry docking schedule
AMA MARINE PUBLIC COMPANY LIMITED 29 Year 2017 1H2018 2H2018 Number of vessels 10 11 12 Vessel (s) Description Due Date DWT AMA Dry Docking 1Q2018 3,110 Meson Dry Docking 2Q2018 4,823 Meya Dry Docking 4Q2018 9,942 Anika Dry Docking 4Q2018 13,250
Slide 30: Tank trucks and contract range
AMA MARINE PUBLIC COMPANY LIMITED 30 Year Sep 17 Oct 17 Oct 18 Nov 18 Number of trucks 135 150 160 180 Year # Tank Trucks Contract Range 2015 30 5 years 2016 50 5 years 2017 70 5 years
Slide 31: Significant Business Operations
AMA MARINE PUBLIC COMPANY LIMITED Company Nature of Operation Result Investment Significant Background & Business & Financial Highlighted Business Development Position Operations
Slide 32: Continued Growth of Total Revenue
AMA MARINE PUBLIC COMPANY LIMITED 32 The Continued Growth of Total Revenue Continued Growth of Revenue from marine transportation High Gross Profit Good Level of Net Profit Strong Financial Status D/E is at low level of 0.86 Outstanding of Future Project to Expand the Business Both marine and
Slide 33: Safety, Health & Environment, Integrity & Ethics
AMA MARINE PUBLIC COMPANY LIMITED 33 Safety AMA MARINE Health & Environment AMA MARINE Integrity & Ethics AMA MARINE Performance By Teamwork AMA MARINE Sustainability AMA MARINE
Slide 34: AMA Marine Public Company Limited contact
AMA MARINE PUBLIC COMPANY LIMITED 34 AMA Marine Public Company Limited 33/4 the 9th Towers, Room #TNA02, 33rd Floor, Tower A, Rama 9 Road, Huaykwang, Bangkok 10300 Thailand Tel: (662) 001-2801 Fax: (662) 001-2800 website: www.amamarine.co.th For further information and enquiries, please contact our
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