Slide 1: Review of Results - 2009
REVIEW OF Results- 2009
Slide 2: Commercial Highlights
Slide 3: Revenue Composition & TCE rates
Revenue Composition & TCE rates Revenue Composition TCE rates RM'million USD 800 50,000 700 10% 40,000 600 19% 500 30,000 400 21% 27% 90% 20,000 300 18% 81% 200 79% 10,000 73% 82% 100 0 0 2005 2006 2007 2008 2009 2005 2006 2007 2008 2009 Bulkers Tankers Bulkers Tankers
Slide 4: Fleet Size and Total Revenue Days (incl JV and LTC vessels)
Fleet Size and Total Revenue Days (incl JV and LTC vessels) DWT Days 1,000,000 6,000 5,000 800,000 435,260 DWT 435,260 DWT 435,260 DWT 4,000 435,260 DWT 600,000 435,260 DWT 3,000 400,000 210,618 DWT 210,618 DWT 227,008 DWT 194,807 DWT 2,000 141,254 DWT 109,302 DWT 200,000 79,610 DWT 109,302 DWT 1,00
Slide 5: Composition of Profit Before Tax (PBT)
Composition of Profit Before Tax (“PBT”) PBT Composition RM' million 700 600 Share of associates' 500 results 400 Gain on disposal of 300 vessels 200 Operating Profit 100 0 2005 2006 2007 2008 2009
Slide 6: BDI – 4 Jan 2005 to 2 Mar 2010
BDI – 4 Jan 2005 to 2 Mar 2010 16,000 14,000 11,793 on 11,039 on 20 May 08 13 Nov 07 12,000 10,000 2,792 on 8,000 4,880 on 2 Mar 10 23 Feb 05 4,407 on 6,000 5 Dec 06 4,661 on 19 Nov 09 4,000 4,219 on 2,000 1 Feb 07 663 on 5 772 on 5 1,747 on 3 Aug 05 2,033 on 25 Jan 06 Dec 08 - Jan 09 05 06 07 08 09
Slide 7: BCTI – 4 Jan 2005 to 2 Mar 2010
BCTI – 4 Jan 2005 to 2 Mar 2010 2,500 1,929 on 24 Oct 05 2,000 1,509 on 1,669 on 19 Jun 08 11 Jan 06 1,200 on 6 Dec 07 1,500 759 on 2 Mar 10 1,000 634 on 24 835 on 16 Dec 09 920 on 500 5 Aug 05 799 on 746 on 20 Dec 08 15 Nov 06 Sep 07 345 on 15 Apr 09 - 5 6 7 8 9 5 6 7 8 9 0 l-0 l-0 l-0 l-0 l-0 1 0
Slide 8: World Fleet versus Orderbook
World Fleet versus Orderbook existing fleet size mill DWT orderbook mill DWT % % of DWT on order to existing 140 Million Dead Weight Tonnes 120 100 80 49% 60 51% 40 35% 25% 20 0 Panamax bulker Handymax bulker Handysize bulker Handy/MR Tanker
Slide 9: Financial Highlights
Financial Highlights
Slide 10: Group Financial Highlights
Group Financial Highlights Group’s revenue declined 58% to RM303.7 million Revenue days were 4,682 days with time charter rates averaging at US$18,419/day Profit before tax down 53% to RM248.3 million, from RM525.7 million last year. Excluding the gains on disposal of vessels, and on a like-co
Slide 11: Group Financial Highlights – by segment
Group Financial Highlights – by segment DRY BULK CARRIERS TCE rates (US$/day) Hire days Revenue (RM'million) 638 37,952 5,118 5,120 4,682 485 30,095 4,229 3,691 344 19,076 286 18,093 18,281 242 05 06 07 08 09 05 06 07 08 09 05 06 07 08 09 TANKERS TCE rates (US$/day) Hire days Revenue (RM'million) 25
Slide 12: Group Financial Highlights
Group Financial Highlights OPERATING RESULTS (RM’million) 2005 2006 2007 2008 2009 Revenue 395.8 441.6 608.1 721.2 303.7 % change y-o-y +4% +12% +38% +19% -58% Operating EBITDA (excl associates) 275.3 334.9 422.3 197.6 182.6 % margin 70% 76% 69% 27% 60% Depreciation & amortization (40.1) (40.2) (39.
Slide 13: Group Financial Highlights
Group Financial Highlights 2005 2006 2007 2008 2009 BALANCE SHEET ( RM’million ) Total assets 2,017.9 2,088.4 2,187.7 2,483.7 2,296.2 Total borrowings 412.7 409.3 349.4 364.0 352.7 Total liabilities 473.2 481.2 413.4 457.8 435.1 Cash & cash equivalents 775.1 692.8 1,026.9 805.6 460.4 Shareholders’ e