Prima Marine Public Company Ltd · SET:PRM
Prima Marine Public — Q4 2019 Earnings Presentation
16 slides from Prima Marine Public's earnings presentation, Mar 10, 2020
Slide 1: Q4/2019 and YE2019 Operating Results & Market Outlook
Q4/2019 and YE2019 Op e r a t i n g R e s u lt s & M a r k e t Ou t l o ok CG Scoring of “EXCELLENT” as of 25 Oct 2019 10 Mar 2020 0
Slide 2: Q4/2019 & YE2019 Operating Results
1 Q4/2019 & YE2019 Operating Results 1
Slide 3: Summary of Investment Plan 2019
Summary of Investment Plan 2019 Revenue Proportion by Business Domestic Trading Domestic Trading FSU 42% 43% FSU 31% 36% YE2018 YE2019 4,479.7 MTHB Offshore 5,346.7 MTHB 11% Offshore International Trading 9% 8% International Trading Ship Management 6% 8% Ship Management 6% No. of Vessels and Capacit
Slide 4: Domestic Oil and Petrochemical Tanker Business (Domestic Trading)
Domestic Oil and Petrochemical Tanker Business (“Domestic Trading”) Revenue Unit: MTHB ▪ Domestic oil consumption of both diesel and mogas grew approximately 4.6% and 4.0% respectively in 11M2019. 19.5% 67.3 61.9 63.8 64.7 2,268.1 2016 1,898.4 29.0 30.1 31.1 32.1 2017 2018 9.2% 11M2019 Diesel Mogas
Slide 5: International Oil and Petrochemical Tanker Business (International Trading)
International Oil and Petrochemical Tanker Business (“International Trading”) Revenue Unit: MTHB ▪ Higher gross profit in 2019 VS 2018 by 385.0% due mainly to the -10.1% increase in freight rate since the end of 2018 as number of vessels were temporarily removed from the market for installation of S
Slide 6: Floating Storage Unit (FSU) Business
Floating Storage Unit (“FSU”) Business Unit: MTHB Revenue ▪ Revenue and GP in Q4/19 increased from Q3/19 mainly Revenue from Bongkot Star 29.0% from full operation for entire Q4/19 of all 3 new FSUs added Revenue from PRM 2,342.8 to the fleet in prior quarters. 80.5% 1,815.5 ▪ Higher revenue and gro
Slide 7: Floating Storage and Offshore Exploration Service (Offshore) Business
Floating Storage and Offshore Exploration Service (“Offshore”) Business Revenue Unit: MTHB ▪ Two floating storage and off-loading (FSO) vessels were on hired throughout Q4/19 under time charter contract. 4.1% 491.2 ▪ Navathani, the accommodation work barge (AWB) was off- hired due to the monsoon sea
Slide 8: Ship Management (SM) Business
Ship Management (“SM”) Business Revenue Unit: MTHB ▪ PRM still provides ship management services for 28 vessels comprising of 25 own vessels and 3 third party vessels which -8.8% includes 2 VLCC and one Aframax vessel. 358.2 ▪ Gross profit for Q4/19 increased by 96 million Baht or 34.7% 326.6 from Q
Slide 9: Summary of Operating Results
Summary of Operating Results Revenue Unit: MTHB Investment Assets Unit: MTHB 19.4% 9,400.3 9,262.9 4,479.7 5,346.7 588.6 579.7 Types No. DWT 29.4% 8.0% 6.1% of vessels of vessels (‘000) 10.5% 9.2% 6,712.7 Trading 1,389.2 1,500.5 4,583.7 615.1 4,541.0 1,159.2 - Domestic 5.9% 7.7% 5.3% 31.2% 36.3% 31
Slide 10: Consolidated P/L Statement
Consolidated P/L Statement Unit: MTHB Q3/2019 Q4/2018 Q4/2019 YE2018 YE2019 ▪ Share of loss from JV in 2019 came from loss 1 Sales 1,389.2 1,159.2 1,500.5 4,479.7 5,346.7 from disposition of a vessel at the end of 2019. 2 Gross Profit 416.5 252.3 533.1 1,111.2 1,695.5 ▪ Higher other income in 2018 w
Slide 11: Consolidated Financial Position
Consolidated Financial Position As of As of 31 Dec 2018 31 Dec 2019 ▪ Investment assets increased from 615.4 941.6 acquisition of new vessels. 748.1 1,217.5 504.9 1,286.1 ▪ Net LT loan increased by 1,593.4 million 1,041.9 549.7 3,836.9 Baht for fleet expansion financing. 2,243.5 113.4 54.1 9,262.9 ▪
Slide 12: Market Outlook
2 Market Outlook 11
Slide 13: PRM Protective Measures Against the Spread of COVID-19
PRM Protective Measures Against the Spread of COVID-19 ✓ Communicate and Keep updated on the spread of COVID-19 ✓ Do a checklist and screen infected people ✓ Daily monitor the physical condition of all crews (body temperature measurement) ✓ Report the adequacy of preventive facilities on board (surg
Slide 14: The Impact of COVID-19 on Business
The Impact of COVID-19 on Business Daily monitor the operation Keep Updated COVID-19 Situation Strictly Comply with the National Measures and the Company’s - Temporarily Affected - FSU - No Affected - Domestic Trading ▪ All FSU vessels are under T/C contract until Q4/2020 ▪ Monitor aviation fuel and
Slide 15: Q&A Thank You
Q&A THANK YOU Contact Information Mr. Boonrux Leeprakobboon Mr. Pachara Rodsomboon www.primamarine.co.th Senior Investor Relations Manager Finance Manager Investor Relations Department Accounting and Finance Department primamarine Tel (66) 2 016 0190 Ext 517 Tel (66) 2 016 0190 Ext 601 Prima Marine
Slide 16: Disclaimer
Disclaimer The information contained in this presentation is strictly confidential and is provided by Prima Marine Public Company Limited (the "Company") to you solely for your information. Neither this presentation nor any part hereof may be (i) used or relied upon by any other party or for any oth
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