Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — FY2021 Earnings Presentation
17 slides from Jinhui Shipping & Transportation's earnings presentation, Feb 28, 2022
Slide 1: Q4 2021 and 2021 Annual Results Presentation
JINHUI SHIPPING AND TRANSPORTATION LIMITED Q4 2021 and 2021 Annual Results Presentation 28 February 2022
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: 2021 Highlights
2021 Highlights Q4 2021 Financial Highlights Revenue for the quarter: US$43 million Net profit for the quarter: US$84 million EBITDA: US$91 million Basic earnings per share: US$0.769 Year 2021 Financial Highlights Revenue for the year: US$131 million Net profit for the year: US$194 milli
Slide 4: 2021 Highlights
2021 Highlights Consolidated net profit of US$194 million for current year mainly due to: chartering revenue increase 178% due to remarkable rebound of dry bulk shipping as compared to last year; average daily time charter equivalent rates increase 165% to US$19,233 for current year as compare
Slide 5: 2021 Highlights
2021 Highlights net loss of US$2.6 million on financial assets at fair value through profit or loss as compared to net loss of US$3.9 million in last year; fair value loss of US$1.3 million on investment properties; the Group drawn US$12.6 million and repaid US$28.3 million bank loans during t
Slide 6: Financial Highlights
Financial Highlights For the quarter and nine months ended 31 December 2021 Q4 2021 Q4 2020 2021 2020 US$’000 (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 42,581 15,137 131,069 47,118 Reversal of impairment 68,085 - 133,606 - loss on owned vessels Operating profit before depreciation / 90,5
Slide 7: Key Financial Ratios
Key Financial Ratios As at 31 December 2021 2021 2020 (Unaudited) (Audited) Total assets (US$’000) 547,725 366,164 Secured bank loans (US$’000) 92,578 108,345 Current ratio1 1.50 : 1 1.38 : 1 Net gearing2 4% 15% Working Capital (US$’000) 37,887 28,503 Available liquidity (US$’000)3 76,407 73,220 Ret
Slide 8: 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 2021 2022 February Year 38 38 36 36 36 No. of vessels owned(1) 35 28 Year to date: 31 Acquired 24 23 24 7 Supramaxes & Disposed 21 19 19 1 Supramax 18 25 18 Took delive
Slide 9: Jinhui Fleet of Vessels
Jinhui Fleet of Vessels Fleet Type Size (dwt) Year built Shipyard 1 JIN LANG Post-Panamax 93,279 2010 Jiangsu New Yangzi 2 JIN MEI Post-Panamax 93,204 2010 Jiangsu New Yangzi 3 JIN XIANG Supramax 61,414 2012 Oshima 4 JIN BI Supramax 56,361 2012 Jiangsu New Hantong 5 JIN HONG Supramax 61,414 2011 Osh
Slide 10: 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 XIANG Supramax 61,414 2012 Year 2022 2 JIN BI Supramax 56,361 2012 Year 2022 3 JIN HONG Supramax 61,414 2011 Year 2022 4 JIN LANG Post-Panamax 93,279 2010 Year 2022
Slide 11: Debt Maturity Profile
Debt Maturity Profile (Based on information up to 31 December 2021) Total debt as of 31 December 2021: US$93 million (2020: US$108 million) 80% 57% 52% 2020 60% 2021 35% 40% 23% 20% 13% 20% 0% 1 year > 1 - 2 years > 2 - 5 years Secured bank loans represented vessel mortgage loans, revolving loans,
Slide 12: Cargo Volume Analysis 2021
Cargo Volume Analysis 2021 2021 total cargo volume 2020 10,418,000 tonnes total cargo volume 9,873,000 tonnes 2021 (%) 86% 2021 vs 2020 10% 4% Minerals Steel Products Coal* Cement * Including steaming coal and coking coal 12
Slide 13: Loading Port Analysis 2021
Loading Port Analysis 2021 Chartering revenue expressed by Loading Ports Asia excluding China 89% Australia China Europe North America 2021 vs 2020 6% 3% 1% 1% 2021 (%) 2021 2020 0.0 20.0 40.0 60.0 80.0 100.0 120.0 US$ (M) 13
Slide 14: Discharging Port Analysis 2021
Discharging Port Analysis 2021 Chartering revenue expressed by Discharging Ports 88% China Asia excluding China North America 2021 vs 2020 11% 1% 2021 (%) 2021 2020 0.0 20.0 40.0 60.0 80.0 100.0 120.0 US$ (M) 14
Slide 15: TCE of Jinhui Shipping's Owned Vessels
TCE of Jinhui Shipping’s Owned Vessels (Based on information up to 31 December 2021) Average daily time charter equivalent rate (TCE) Q4 2021 Q4 2020 2021 2020 US$ US$ US$ US$ Post-Panamax Fleet 31,580 11,891 19,116 9,929 Supramax Fleet 21,845 9,173 19,247 6,986 In average 22,808 9,487 19,233 7,269
Slide 16: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels US$ (Based on information up to 31 December 2021) 10,000 148 8,000 161 3,046 174 6,000 242 2,587 2,158 2,141 4,000 5,667 2,000 4,624 4,271 3,851 Running cost Depreciation 0 Finance cost 2020 2021 Q4 2020 Q4 2021 Daily vessel running cost is calculated as t
Slide 17: Outlook
Outlook Supply demand in favor of freight market in coming months; Surge in COVID spread means tighter controls at ports; Geopolitical tensions could cause further expected volatility; Opportunistic approach to tonnage management. 17
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