Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q2 2020 Earnings Presentation
16 slides from Jinhui Shipping & Transportation's earnings presentation, Aug 25, 2020
Slide 1: Jinhui Shipping and Transportation Limited Q2 2020 Results Presentation
JINHUI SHIPPING AND TRANSPORTATION LIMITED Q2 2020 Results Presentation 25 August 2020
Slide 2: Disclaimer
Disclaimer This presentation may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including the Company’s management's examination of historical operating trends. Although the Company believes that th
Slide 3: Q2 2020 Financial Highlights
Highlights Q2 2020 Financial Highlights Revenue for the quarter: US$9 million Net loss for the quarter: US$5 million Basic loss per share: US$0.048 Gearing ratio as at 30 June 2020: 22% 3
Slide 4: Highlights
Highlights Consolidated net loss mainly attributable to: 1. poor business sentiment by the outbreak of COVID-19, leading a reduction in market freight rates and decrease in fleet utilization rate; 2. increase in shipping related expenses mainly due to bunker related expenses of US$2 million;
Slide 5: Financial Highlights
Financial Highlights For the quarter and six months ended 30 June 2020 US$’000 Q2 2020 Q2 2019 1H 2020 1H 2019 2019 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 8,510 14,019 17,724 26,784 63,160 Operating profit (loss) before depreciation / (553) 3,825 (14,157) 10,664 24,180 amo
Slide 6: Key Financial Ratios
Key Financial Ratios As at 30 June 2020 Q2 2020 Q2 2019 2019 (Unaudited) (Unaudited) (Audited) Total assets (US$’000) 369,085 387,369 406,433 Secured bank loans (US$’000) 121,609 118,219 133,915 Current ratio1 1.24 : 1 1.71 : 1 1.39 : 1 Net gearing2 22% 3% 14% Working Capital (US$’000) 18,715 54,208
Slide 7: Our Fleet Development
Our Fleet Development 1987 1991 1992 1994 2000 2002 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 August June Year 38 38 36 36 36 Acquired No. of vessels owned(1) 35 1 Supramax Disposed Disposed 28 in Q3 2020 31 8 vessels 4 vessels 24 in 2016 in 2018 23 Disposed Acq
Slide 8: Jinhui Fleet
Jinhui Fleet Fleet Type Size (dwt) Year built Status Shipyard 1 JIN LANG Post-Panamax 93,279 2010 Owned Jiangsu New Yangzi 2 JIN MEI Post-Panamax 93,204 2010 Owned Jiangsu New Yangzi 3 JIN XIANG Supramax 61,414 2012 Owned Oshima 4 JIN HONG Supramax 61,414 2011 Owned Oshima 5 JIN YUE Supramax 56,934
Slide 9: Installation of ballast water treatment systems
Installation of ballast water treatment systems Fleet Type Size (dwt) Year built Installation of ballast water treatment systems 1 JIN YUE Supramax 56,934 2010 Year 2021 2 JIN JI Supramax 56,913 2009 Year 2021 3 JIN WAN Supramax 56,897 2009 Year 2021 4 JIN JUN Supramax 56,887 2009 Year 2021 5 JIN TO
Slide 10: Debt Maturity Profile
Debt Maturity Profile (Based on information up to 30 June 2020) Total debt as of 30 June 2020: US$122 million (2019: US$134 million) 80% 60% 51% 50% 2019 Q2 2020 35% 37% 40% 20% 10% 13% 4% 0% 0% 1 year > 1 - 2 years > 2 - 5 years > 5 years Secured bank loans represented vessel mortgage loans, revo
Slide 11: Cargo Volume Analysis Q2 2020
Cargo Volume Analysis Q2 2020 Q2 2020 total cargo volume 5,560,000 tonnes Q2 2019 total cargo volume Q2 2020 (%) 2,840,000 tonnes 60% Q2 2020 vs Q2 2019 11% 23% 6% Minerals Steel Products Coal* Cement * Including steaming coal and coking coal 11
Slide 12: Loading Port Analysis Q2 2020
Loading Port Analysis Q2 2020 Chartering revenue expressed by loading ports Asia excluding China Australia 82% Africa China Q2 2020 vs Q2 2019 11% 4% 3% Q2 2020 (%) Q2 2020 Q2 2019 0.0 3.0 6.0 9.0 12.0 15.0 18.0 US$ (M) 12
Slide 13: Discharging Port Analysis Q2 2020
Discharging Port Analysis Q2 2020 Chartering revenue expressed by discharging ports 83% China Asia excluding China Q2 2020 vs Q2 2019 17% Q2 2020 (%) Q2 2020 Q2 2019 0.0 3.0 6.0 9.0 12.0 15.0 18.0 13 US$ (M)
Slide 14: TCE of Jinhui Shipping's Owned Vessels
TCE of Jinhui Shipping’s Owned Vessels (Based on information up to 30 June 2020) Average daily time charter equivalent rate (TCE) 2020 Q2 2019 Q2 2020 1H 2019 1H 2019 US$ US$ US$ US$ US$ Post-Panamax Fleet 5,750 8,711 7,382 7,473 9,628 Supramax Fleet 5,194 8,963 5,096 8,376 9,522 In average 5,229 8,
Slide 15: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels US$ (Based on information up to 30 June 2020) 8,000 434 267 6,000 412 2,084 2,138 2,210 4,000 2,000 3,927 3,962 4,185 Running cost Depreciation 0 Finance cost 2019 Q2 2019 Q2 2020 Daily vessel running cost is calculated as the aggregate of crew expenses, i
Slide 16: Outlook
Outlook Worldwide economy has heavily affected by the combination of political tensions, the COVID-19 pandemic, as well as natural disasters for some; Recovery will depend on how economies rebound going forward, and that depends on how the pandemic is kept under control in order to inspire consu
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