Jason Marine Group Limited · SGX:5PF
Jason Marine — FY2014 Earnings Presentation
24 slides from Jason Marine's earnings presentation, Sep 11, 2014
Slide 1: Investor Presentation – Jason Marine Group Limited
Investor Presentation Jason Marine Group Limited
Slide 2: Contents
Contents 03 Key Financials 11 Prospects & Outlook 18 Strategy for Growth This presentation has been reviewed by the Company’s sponsor, CIMB Bank Berhad, Singapore Branch (the “Sponsor”) for compliance with the Singapore Exchange Securities Trading Limited (the “SGX-ST”) Listing Manual Section B: Rul
Slide 3: FY14 Financials
Jason Marine Group Limited FY14 Financials
Slide 4: Financial Snapshot
Financial Snapshot REVENUE PATMI DIVIDENDS +32% +438% +0.8¢
Slide 5: Rewarding Shareholders
Rewarding Shareholders Dividend Per Share (S¢) FY11 FY12 FY13 FY14 Ordinary 0.1 0.2 0.2 0.2 Special - - - 0.8 Total Dividend Per Share 0.1 0.2 0.2 1.0 Earnings Per Share (S¢) 1.2 1.3 0.5 2.6 Payout Ratio – Total (%) 8.6% 15.3% 41.0% 38.1% Proposes special dividend of 0.8 S¢ per share for FY14, in ad
Slide 6: PATMI Jumps By 438%
PATMI Jumps By 438% REVENUE PATMI (S$’M) FY11 FY12 FY13 FY14 (S$’M) FY11 FY12 FY13 FY14 45.2 44.5 37.9 50.2 1.2 1.4 0.5 2.8 Revenue rose by 32.4% in FY14, with higher sales from the Group’s three business segments – sales of goods, rendering of services, airtime revenue Group delivered PATMI of S$2.
Slide 7: Segmental Revenue Breakdown
Segmental Revenue Breakdown 6.4% FY2014 17.4% 7.3% FY2013 20.2% 76.2% 72.5% Sale of Goods Rendering of Services Airtime Revenue Sale of Goods Rendering of Services Airtime Revenue Sale of Goods remains as the key contributor to the Group’s overall revenue
Slide 8: Segmental Performance
Segmental Performance S$’m S$’m 60.0 Revenue Gross Profit 16.0 50.2 13.6 50.0 14.0 38.3 12.0 10.8 40.0 38.0 10.1 10.0 30.0 27.5 8.1 8.0 20.0 6.0 4.0 10.0 8.7 2.7 7.7 2.0 2.8 3.2 2.0 0.7 0.8 0.0 0.0 Sale of Goods Rendering of Airtime Total Sale of Goods Rendering of Airtime Total Services Revenue Ser
Slide 9: Strong Financial Position
Strong Financial Position S$’m S¢/share 80.0 45.0 27.4 40.0 25.8 70.0 23.5 23.4 35.0 23.2 60.0 24.6 24.9 22.1 30.0 50.0 48.2 25.0 40.0 39.1 20.0 33.8 16.1 30.0 35.4 15.0 12.7 11.2 10.0 6.8 20.0 5.0 10.0 0.0 0.0 FY11 FY12 FY13 FY14 FY11 FY12 FY13 FY14 Total Assets Shareholders' Funds Net cash per sha
Slide 10: Active Working Capital Management
Active Working Capital Management (S$’M) FY2013 FY2014 Net cash from operating activities 2.0 4.5 Net cash used in investing activities (0.2) (0.6) Net cash used in financing activities (0.2) (0.2) Net change in cash & cash equivalents 1.6 3.7 Cash at beginning of financial year 11.9 13.5 Cash at en
Slide 11: Prospects & Outlook
Jason Marine Group Limited Prospects & Outlook
Slide 12: Still Challenging Environment
Still Challenging Environment Keen price competition Rising costs, especially that of labour Manpower shortage, especially of skilled labour
Slide 13: Singapore, World-Class Maritime Hub
Singapore, World-Class Maritime Hub Port of Singapore, one of the world’s busiest port, registers good growth Bn Gross Vessel Arrival Tonnage Million Container Throughput Tonnes TEUs 2.4 2.33 33.0 32.6 2.3 2.25 31.6 32.0 2.3 2.2 31.0 2.2 2.12 29.9 30.0 2.1 2.1 29.0 2.0 28.0 2011 2012 2013 2011 2012
Slide 14: Firm Oil Prices Underpins Rising Capex
Firm Oil Prices Underpins Rising Capex Strong Brent oil prices underpin rising capex Age profiles of global jackup fleet by 2016 Based on the RHB-OSK Oil & Gas Services report, “Capex Upcycle to Drive 2014 Outperformance”, 6 January 2014, Crude oil price (Brent) is expected to trade at US$100-110 pe
Slide 15: China, World's No. 1 Shipbuilder
China, World’s No. 1 Shipbuilder Million Deadweight Tonnes 2013 %Chg Jan-Feb 2014 %Chg Completed vessels for exports 35.73 (27.9%) 3.65 25.8% New orders for vessel exports 64.74 333.0% 15.87 307.0% Total orders for vessel exports (at end of period) 115.41 30.5% 128.99 41.9% Sources: ChinaMarketResea
Slide 16: China, A Growing OSV & Rig Builder
China, A Growing OSV & Rig Builder Chinese yards’ market share of newbuild jackup rigs has risen – 45% in 2013 from less than 20% in the previous years (According to Riglogix, 62 newbuild jackup rigs were ordered in 2013 vs 44 new orders in 2011) Source: RHB-OSK Oil & Gas Services report, “Capex Upc
Slide 17: China, A Growing OSV & Rig Builder
China, A Growing OSV & Rig Builder Supply vessel newbuildings by country in 2013, 2014 & 2015+ Chinese shipyards account for half of the global OSV order book Demand for the provision of marine electronics equipment and related services in the PRC to remain healthy Source: RHB-OSK Oil & Gas Services
Slide 18: Strategy For Growth
Jason Marine Group Limited Strategy For Growth
Slide 19: Re-Charting in 2013
Re-Charting in 2013 1) Re-Position Our Business 2) Re-Formulate Our Partnerships 3) Re-Engage Our People 1) Re-focus Business Units 1) Strong Business Units 2) HR Initiatives to champion 2) Improved profitability & robust employee growth financial position 3) Active working capital management 3) “SM
Slide 20: Achieving Sustainable Growth
Achieving Sustainable Growth Revenue Leverage on Technologies Seek New Opportunities Strengthen Existing Business Vision: Global, World-Class Player Profits
Slide 21: Key Competitive Advantages
Key Competitive Advantages Experienced Management Established Brand Name Extensive Technical Expertise & Strong Product Knowledge Diversified Customer Base Healthy Balance Sheet
Slide 22: Why Invest In Us
Jason Marine Group Limited Why Invest In Us
Slide 23: Why Invest In Jason Marine
Why Invest In Jason Marine Veteran Demonstrated ability to read and ride on industry trends Management Transformed the company from a mere repairer to systems integrator and regional partner distributer Established heritage brand with four decades of operational Proven excellence Track Record Re-str
Slide 24: Thank You
Thank You Questions & Answers