Jason Marine Group Limited · SGX:5PF
Jason Marine — H1 2014 Earnings Presentation
31 slides from Jason Marine's earnings presentation, November 2013
Slide 1: 1HFY14 Results Briefing
1HFY14 Results Briefing Jason Marine Group Limited
Slide 2: Sponsor disclaimer
This presentation has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, CIMB Bank Berhad, Singapore Branch (the “Sponsor”) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the “SGX-ST”), this being the SGX-ST Listin
Slide 3: Contents
Contents 04 Jason Marine Today 12 Our Strengths 18 Latest Financials 24 Prospects & Outlook 28 Strategy For Growth
Slide 4: The Group Today
Jason Marine Group Limited The Group Today
Slide 5: Who We Are
Who We Are An integrated marine communications, navigation and automation systems provider with a regional presence, serving international customers Our value lies in the skills and knowledge of our people Jason Marine is one of Singapore’s Heritage Brands
Slide 6: What We Do
What We Do 1. Sale of marine communication, navigation and automation systems 2. Provision of systems integration and maintenance support services 3. Provision of airtime services
Slide 7: Marine Electronics Systems
Marine Electronics Systems Design • Supply • Integrate • Install • Commission Communication Navigation Automation
Slide 8: Maintenance & Support
Maintenance & Support Repair & Replacement Operational & Maintenance Training Radio Survey Annual Performance Test & Certification
Slide 9: Provision of Airtime Services
Provision of Airtime Services Wide Geographic Coverage SingTel, Vizada, Stratos Wireless Comprehensive Plans Fixed-plan, Flexi-plan
Slide 10: Moving Up Value Chain
Moving Up Value Chain 1970s: Repairer 2000s: Integrator Repair services for One-stop solutions: marine electronics design, integrate & equipment install marine electronic systems 1980s: Supplier 2010s: Partner Supply marine Establish Partner- electronics equipment; Relationships to expanded Supplier
Slide 11: Corporate Milestones
Corporate Milestones Early 1990s 2009-2011 2012 Expansion to China, Strategic JVs: Jason Strategic JV: Koden Indonesia, Korea (51%); Baze Singapore (60%) Malaysia, Thailand Technology (51%) 2009 2009-2011 2013 Successful listing Strategic Revitalised on SGX Catalist; Investments: business strategy:
Slide 12: Our Strengths
Jason Marine Group Limited Our Strengths
Slide 13: Helmed By Veterans
Helmed By Veterans Joseph Foo Executive Chairman Founder Executive director since 1978 Strategy, expansion plans & business development More than 30 years of experience in marine electronics Ronald Tan Chief Executive Officer Director since 1982 Strong background in strategic marketing Instrumental
Slide 14: Experienced Management
Experienced Management Foo Hui Min Chief Financial Officer CA Singapore, FCCA >10 yrs experience FC & company secretary in listed and non-listed companies James Tan Chief Operating Officer 40 yrs’ in operations & logistics, 25 yrs in management Initiated & implemented many processes which enhance pr
Slide 15: Trusted Partner of Renowned Brands
Trusted Partner of Renowned Brands
Slide 16: Extensive Regional Presence
Extensive Regional Presence S. Korea China • Represented in key shipbuilding and Thailand maritime hubs Malaysia Singapore Indonesia
Slide 17: Key Competitive Advantages
Key Competitive Advantages Experienced Management Established Brand Name Extensive Technical Expertise & Strong Product Knowledge Diversified Customer Base Healthy Balance Sheet
Slide 18: Latest Financials
Jason Marine Group Limited Latest Financials
Slide 19: 1HFY14 Results
1HFY14 Results REVENUE PATMI (S$’M) FY13 1HFY14 (S$’M) FY13 1HFY14 37.9 22.6 0.5 1.1 1HFY14 net attributable profit of S$1.1m driven by a 57% revenue increase to S$22.6m Improved results driven by sharpened business focus and cost management
Slide 20: Strong Presence in Asia
Strong Presence in Asia Revenue by Segments Revenue by Geography S$2.8m 7% 14% S$7.7m 20% 14% 52% S$27.5m 73% 20% Sale of Goods Singapore Rendering of Services People's Republic of China Southeast Asia excluding Singapore Airtime Revenue Others Note: FY2013 Revenue
Slide 21: Healthy Balance Sheet
Healthy Balance Sheet (S$’M); As at 31 March 2013 30/9/13 Non-current assets 3.0 3.2 Current assets 32.3 37.0 Non-current & current 10.5 14.6 liabilities Equity 24.8 25.6 Healthy financial position with net cash of S$14.2m as at 30 Sep 2013. No bank borrowings. Well-placed to tap into opportunities
Slide 22: Backed by Net Cash Per Share
Backed by Net Cash Per Share 0.23 0.23 0.24 0.22 0.21 NAV per share (S$) Net Cash per share (S$) 0.13 0.13 0.13 0.11 0.09 Share Price (as at 22 Nov 2013): S$ 0.15 FY10 FY11 FY12 FY13 1HFY14
Slide 23: Rewarding Shareholders Consistently
Rewarding Shareholders Consistently Year ended 31 March 2013 2012 Dividend Per Share S$0.002 S$0.002 Total Dividend Payout S$212,000 S$212,000 Full year PATMI S$0.5 million S$1.4 million Payout Ratio* 41.0% 15.3% * Dividends over profit attributable to owners of the parent
Slide 24: Prospects & Outlook
Jason Marine Group Limited Prospects & Outlook
Slide 25: Singapore, World Class Maritime Hub
Singapore, World Class Maritime Hub Jason Marine is located in one of the world’s busy ports Vessel Arrival Tonnage Container and Cargo Billion Gross Tonnes 2.3 Throughput 2.25 6.1% 32 5.7% Million TEUs 2.2 31 2.15 2.25 31.6 2.1 30 2.12 29.9 2.05 29 2011 2012 2011 2012 Group has a strong position in
Slide 26: China, A Growing Powerhouse
China, A Growing Powerhouse Year-to-date 9M13, China’s finished constructing ships weighing a total of 30.6 million DWT. Year-to-date 9M13, China’s new ship orders amounted to 38.1 million DWT. Demand for the provision of marine electronics equipment and related services in the PRC remains firm Stat
Slide 27: Global Oil Demand & E&P Budgets
Global Oil Demand & E&P Budgets Global E&P Spend US$Billion Global E&P capital expenditure is expected to reach a new record of US$614 billion for 2012 and expected to reach a high of close to US$900 billion in 2015. This will translate to demand for E&P infrastructure like Rigs and Offshore vessels
Slide 28: Strategy For Growth
Jason Marine Group Limited Strategy For Growth
Slide 29: Our Business Strategy
Our Business Strategy • Re-organization of • New scheme to retain operations into three talent and training paid distinct divisions – off. Marine, Offshore and • Staff turnover rate China continue to drive decreased to 2% in 2012 revenue growth. Focused Strategic HR from 3-5% in 2010-2011. Marketing
Slide 30: Why Invest In Jason Marine
Why Invest In Jason Marine Demonstrated ability to read and ride on industry trends. Veteran Management Transformed the company from a mere repairer to systems integrator and regional partner distributer Established heritage brand with four decades of Proven operational excellence. Track Record Re-s
Slide 31: Thank You
Thank You Questions & Answer