Maybulk Bhd · MYX:MAYBULK
Maybulk Bhd — Malaysian Bulk Carriers Berhad — Shareholder Meeting (May 2017)
14 slides from Maybulk Bhd's shareholder meeting presentation, May 15, 2017
Slide 1: Malaysian Bulk Carriers Berhad Annual General Meeting
Malaysian Bulk Carriers Berhad 27th Annual General Meeting 28th Annual General Meeting Kuala Lumpur 15 May 2017 MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securiti
Slide 3: Agenda
AGENDA 1. Year in Review & Highlights 2. Market & Economic Outlook 3. Strategy 4. Fleet Profile 5. Financial Highlights MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)
Slide 4: Year in Review - 2016
YEAR IN REVIEW - 2016 Stable performance despite most challenging year on record • Baltic Dry Index improved in 2H 2016 ending the year at 961 points after a historically low start in 2016. • Overall market remained significantly lower than 2015 levels. • Overall losses narrowed to RM 497 million (2
Slide 5: Highlights & Current Focus
HIGHLIGHTS & CURRENT FOCUS • The MV Alam Permai was deployed from Sept 2016 as the bridge vessel to perform a 15 years CVC coal shipping contract into Malaysia. Vessel will be substituted upon the delivery of a new building 84,000 dwt bulk carrier in Q2 2019 & the contract will provide stable long t
Slide 6: Dry Cargo Market Overview
DRY CARGO MARKET OVERVIEW • Dry bulk market continues to suffer from tonnage overcapacity but gradual improvement in Demand-Supply fundamentals would suggest the beginning of a market recovery. • Greater optimism with BDI improving to 1,109 points presently as compared to 710 points as of 28th April
Slide 7: Dry Cargo Market Overview
DRY CARGO MARKET OVERVIEW • Continued Volatility in Commodities - Iron Ore slumped to a low of U$38 in December 2015 then steadily rebounded to reached a peak of just under U$95 in February 2017 before retreating back to around U$65 per ton currently. • Dry Bulk asset values continue to recover and
Slide 8: World Economic Outlook – Gaining Momentum
WORLD ECONOMIC OUTLOOK – Gaining Momentum • With buoyant financial markets and a long awaited cyclical recovery in manufacturing and trade underway world growth is projected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018 slightly above the World economic outlook (WEO
Slide 9: Business Strategy - Positioning for the upturn
BUSINESS STRATEGY - Positioning for the upturn • Flexible high specification fleet to meet our customers needs and compliance with regulatory requirements. • Emerging Markets remain the Focus – Increased focus on emerging coal importers in South east Asia notably Malaysia, Vietnam and Philippines as
Slide 10: Navigating stormy seas ahead
Navigating stormy seas ahead - 2017 remains challenging but higher scrapping, reduced order book and more layups should eventually ease overcapacity situation - Focus on immediate challenges by: • Selectively monetising assets to improve liquidity • Arranging long term banking facilities • Reschedul
Slide 11: Fleet Overview - Modern diversified fleet
FLEET OVERVIEW - Modern diversified fleet of 18 vessels • Modern, versatile fleet of sister vessels that deliver operational efficiencies • Balanced fleet profile in the Post-Panamax, Supramax and Handysize segments serving the varying needs of our clients. • Mix of Owned & Chartered in vessels. Pos
Slide 12: 2016 Group Financial Highlights
2016 GROUP FINANCIAL HIGHLIGHTS RM'million 2016 2015 Var Revenue 225.5 241.5 (16.0) Operating loss - The Group (77.3) (114.5) 37.2 - Associate (53.7) 14.2 (67.9) - Joint ventures (8.7) (8.2) (0.5) (139.7) (108.5) (31.2) Less: Onerous contracts (incl JVs) - (103.5) 103.5 Impairment loss: (i) Vessels
Slide 13: Balance Sheet
BALANCE SHEET 2016 2015 RM’million RM’million Borrowings 543.9 607.6 Net Debt 474.2 467.1 Shareholders’ Equity 708.9 1,179.6 Net Debt/Shareholders’ Equity 67% 40% MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)
Slide 14: Thank You
THANK YOU MALAYSIAN BULK CARRIERS BERHAD (Company No:175953-W)
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