2020 Bulkers Ltd. · OSL:2020
2020 Bulkers — Investor Presentation (March 2020)
7 slides from 2020 Bulkers's investor presentation, Mar 16, 2020
Slide 1: 2020 Bulkers Ltd. Company Presentation
2020 Bulkers Ltd. Company Presentation 16 March, 2020 |
Slide 2: Disclaimer
Disclaimer This presentation (the "Presentation") has been prepared by 2020 Bulkers Ltd. (the "Company") and is made 16 March, 2020 solely for information purposes. The Presentation does not constitute any recommendation to buy, sell or otherwise transact with any securities issued by the Company. N
Slide 3: Corporate and commercial update
Corporate and commercial update 2020 balance 2021 2022 • Delivery dates for remaining two newbuilds Available ship days 2 191 2920 2920 confirmed for early May and June ~4 weeks Days on fixed timecharter 1 164 total delay vs original schedule Open/index linked days 1 027 2920 2920 G&A (USD mill) 2,2
Slide 4: China has announced significant stimulus, economic activity is normalizing
China has annouced significant stimulus, economic activity is normalizing China with significant stimulus Coal burn compared to 2019 Traffic congestion compared to 2019 30% 10% 100% 26,2 % 95% 0% 25% 90% -10% 20% 85% -20% 80% 15% -30% 12,5 % 75% -40% 10% 70% -50% 65% 5% -60% 60% 0% 2008-09 stimulus
Slide 5: Chinese iron ore demand has held up well, but more Brazilian export volumes are needed
Chinese iron ore demand has held up well, but more Brazilian export volumes are needed to balance Capesize market Chinese Iron Ore imports has held up well While Iron Ore inventories have continued to draw Steel inventories above normal – to be digested by stimulus? Main issue for the Capesize marke
Slide 6: Brazil iron ore exports should be picking up with Vale and CSN guiding for increase
Brazil iron ore exports should be picking up with Vale and CSN guiding for significant increase in exports 2Q-4Q vs Q1 2020 Strong correlation Vale sales, Brazil exports and Cape rates Comments 110 35 000 - AIS data suggests Iron Ore exports from Brazil will be around 66 million tons in Q1 105 30 00
Slide 7: Limited supply growth on the horizon and high scrapping activity
Limited supply growth on the horizon and high scrapping activity Dry bulk orderbook as % of fleet Capesize bulk Newbuild contracts(1) Capesize scrapping(2) 80% 120 25 70% 100 20 60% 80 50% Orderbook as % of fleet 15 DWT USDbn Million DWT 40% 60 30% 10 40 20% 20 5 10% 0% 0 2005 2006 2007 2008 2009 20