Pt Mitrabahtera Segara Sejati Tbk · IDX:MBSS
Pt Mitrabahtera Segara Sejati Tbk — Corporate Update (July 2021)
21 slides from Pt Mitrabahtera Segara Sejati Tbk's corporate update, July 2021
Slide 1: Company Update 6M21
Company Update 6M21 PT Mitrabahtera Segara Sejati Tbk July 2021
Slide 2: Table of Contents
Table of Contents Disclaimer: 1 Company’s Profile These materials have been prepared by PT Mitrabahtera Segara Sejati Tbk (the “Company”) 04 About MBSS solely for information purposes and are not an offer to sell or an invitation to buy any securities. 05 The Management Neither these materials nor a
Slide 3: Part 1. Company's Profile
— | mbss ‘member of Indika Energy Group PART 1. COMPANY’S PROFILE
Slide 4: About MBSS
About MBSS • PT Mitrabahtera Segara Sejati Tbk (MBSS) is a leading Indonesian provider of integrated maritime transportation and transshipment services which provides integrated solutions and marine transport for bulk materials, particularly coal. With more than 25 years of experience in the busines
Slide 5: The Management
The Management Susana Germino – President Director Serves as President Director of MBSS since April 2019. Prior to joining MBSS, she served as the commissioner of MBSS since 2018, representing MBSS minority shareholder The China Navigation Company (Swire Group), where she was employed as General Man
Slide 6: Our Fleet
Our Fleet Tugboats Barges Barging loading capacity per trip ✓ 270ft (2 sets) 10,000 t ✓ 300ft (36 sets) 270,000 t ✓ 330ft (6 sets) 60,000 t ✓ 365ft (11 sets) 137,500 t Number of fleet Sets & Units Total barging capacity 477,500 t 2020 69 75 78 2020 57 Addition - 69 Addition - 62 Disposal (4) 57 55 D
Slide 7: Operational Area
Operational Area 7
Slide 8: Our Clients
Our Clients Client Type of Service Contract Adaro Indonesia Barging 7-years with 2-years extension contract (2010-2021) Kideco Jaya Agung Barging (Transshipment) 3-years with 2-years and 4-years extension contract (2014-2023) Barging (Long-Haul) 11-months contract (2020-2021) Floating Crane 5-years
Slide 9: Financial Summary
Financial Summary Revenue Assets US$m US$m 260.5 75.4 77.8 240.1 65.8 68.5 239.7 218.1 194.9 185.8 54.9 33.4 2016 2017 2018 2019 2020 6M21 2016 2017 2018 2019 2020 6M21 EBITDA Cash US$m US$m 27.4 40.0 40.2 24.0 18.4 14.8 14.8 34.6 35.2 11.3 33.7 34.3 2016 2017 2018 2019 2020 6M21 2016 2017 2018 2019
Slide 10: Part 2. Company's Performance
PART 2. COMPANY’S PERFORMANCE 10
Slide 11: Indonesia Coal Market Forecast
Indonesia Coal Market Forecast Indonesia Coal Production Indonesia Coal Flow 5.4% 616 625 5.4% 558 561 456 461 616 625 558 561 456 461 2016A 2017A 2018A 2019A 2020A 2021F Indonesia Coal Production 2021F Direct barge shipment inter-island Inland coal terminal Transshipment 2016A 2017A 2018A 2019A 202
Slide 12: Macroeconomic Forecast
Macroeconomic Forecast Coal Index US$ to IDRK 47.8 14.3 13.9 14.6 14.5 42.8 42.0 13.4 13.5 ICI-4 14.4 Avr Rate 35.0 14.2 14.1 14.1 29.4 13.3 13.4 Mid Rate 32.0 2016A 2017A 2018A 2019A 2020A 6M21 2016A 2017A 2018A 2019A 2020A 6M21 Indonesia Coal Production Fuel Price 616 625 558 561 138 138 61.8 461
Slide 13: 6M21 Performance Highlights
6M21 Performance Highlights Description 6M21 6M20 % Change Barging Volume (MMT) *) 12.1 13.4 (9.6) FC Volume (MMT) *) 5.2 3.7 39.3 Description 6M21 6M20 %Change (In US$m) Revenue 33.4 29.0 15.0 Gross Profit 5.4 1.5 256.6 Operating Profit 0.9 (3.5) 126.7 Net Interest 0.1 (0.6) 107.9 NPAT 0.1 (4.3) 10
Slide 14: Barging Highlights
Barging Highlights Revenue (%) Description (in US$m unless 100.0 100.0 6M21 6M20 % Change indicated) Revenue 23.4 21.1 10.8 Cost 21.3 20.4 4.5 Contract 79.2 97.4 Gross Profit 2.1 0.7 194.9 Gross Profit (%) 8.9 3.3 553.0 bps Volume (MMT) 12.1 13.4 (9.6) Spot 20.8 # Sets 55.0 61.0 (9.8) 2.6 6M21 6M20
Slide 15: FC Highlights
FC Highlights Revenue (%) 97.7 100.0 Description (in US$m 6M21 6M20 % Change unless indicated) Revenue 10.0 7.9 26.2 Cost 6.7 7.1 (5.8) Contract 88.8 97.6 Gross Profit 3.3 0.8 310.8 Gross Profit (%) 32.9 10.1 2,278.0 bps Volume (MMT) 5.2 3.7 39.3 # Units 6.0 6.0 - Spot 8.9 2.4 6M21 6M20 Revenue Back
Slide 16: Direct Costs
Direct Costs Cost Barging – FC (%) 3M21 vs 3M20 100.0 100.0 Others 11.8% Fuel Others Fuel 18.9% 16.5% 13.6% Vessel Charter Vessel Charter 7.7% 0.0% 6M21 6M20 Crewing Crewing 14.0% 13.9% Depreciation Barging 76.1 74.1 Depreciation 36.2% 39.8% R&M R&M 16.1% 11.5% Description 6M21 6M20 % Change (in US$
Slide 17: Part 3. Appendix
PART 3. APPENDIX —————_ mbss ‘member of Indika Energy Group
Slide 18: Summary Financial Statement
Summary Financial Statement Description (In US$m) 6M21 6M20 Change (%) Desciption (in US$m) 6M21 2020 Change (%) Revenue 33.4 29.0 15.0 Cash 34.3 35.2 (2.6) Cost 28.0 27.5 1.8 Receivables 11.9 12.6 (5.9) Inventory 3.0 2.6 13.5 Gross Profit 5.4 1.5 256.6 Non-current assets held for sale - 0.9 (100.0)
Slide 19: Company Structure
Company Structure PT Indika Energy The China Navigation Drs. Lo Kheng Hong Public Infrastructure Company Pte. Ltd. 51.0% 25.7% 6.1% 17.2% PT Mitra Swire CTM PT Mitra Alam Segara Mitrabahtera Segara PT Mitra Hartono PT Transship Teknik Sejati Sejati Pte. Ltd Sejati Solusi 70.0% 60.0% 100.0% 50.0% 99.
Slide 20: Shares Performance and Dividend Payment History
Shares Performance and Dividend Payment History 700 600 500 400 300 200 100 0 Jun-20 Jun-21 52-week share performance (Jun’20-Jun’21) Dividend payment Highest 585 Payment date Dividend distributed Payout ratio 18 Jul. 2012 Rp43 per share 30.5% Lowest 306 31 Jul. 2013 Rp50 per share 24.6% Average 417
Slide 21: mbss
DP mbss member of Indika Energy Group
PT Mitrabahtera Segara Sejati — Corporate Update (July 2021) on 6ix