Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q1 2025 Earnings Presentation
19 slides from Jinhui Shipping & Transportation's earnings presentation, May 26, 2025
Slide 1: Jinhui Shipping and Transportation Limited Q1 2025 Results Presentation
Jinhui Shipping and Transportation Limited Q1 2025 Results Presentation 26 May 2025
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’ management's examination of historical operating trends. Although the Company believes that the
Slide 3: Q1 2025 Highlights
Q1 2025 Highlights • Revenue for the quarter: US$39 million • EBITDA for the quarter: US$35 million • Net profit for the quarter: US$17 million • Basic earnings per share: US$0.156 • Gearing ratio as at 31 March 2025: 16% 3
Slide 4: Q1 2025 Highlights
Q1 2025 Highlights US$ M US$ M US$ 17.1 45 18 13,400 13,229 39.3 40 16 13,200 35 14 13,000 30 27.9 12 12,800 25 10 12,600 20 8 12,400 12,218 15 6 12,200 10 4 12,000 2.4 5 2 11,800 0 0 11,600 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Revenue 41% Net profit 6 times Average TCE 8.3% 4
Slide 5: Q1 2025 Highlights
Q1 2025 Highlights • Shipping related expenses increased to US$21.6 million mainly attributable to the rise in hire payments for chartered- in vessels. Hire payment of US$4.5 million on short-term leases was incurred during quarter. • The rise in shipping related expenses was further attributed to t
Slide 6: Financial Highlights
Financial Highlights for the quarter ended 31 March 2025 Q1 2025 Q1 2024 2024 US$’ 000 (Unaudited) (Unaudited) (Audited) Revenue 39,304 27,894 158,900 Reversal of impairment loss on owned vessels and right-of-use assets - - 6,533 EBITDA 34,949 12,946 74,286 Operating profit 19,666 3,900 30,097 Finan
Slide 7: Key Financial Ratios
Key Financial Ratios as at 31 March 2025 Q1 2025 Q1 2024 2024 (Unaudited) (Unaudited) (Audited) Total assets (US$’000) 572,701 460,020 524,202 Total equity (US$’000) 388,684 351,599 371,610 Secured bank loans (US$’000) 110,724 59,500 97,994 Current ratio 1 1.43:1 2.02:1 1.27:1 Net gearing 2 16% 4% 1
Slide 8: Fleet Overview
Fleet Overview • Took delivery of a vessel with deadweight 61,441 metric tonnes in January 2025. • As at 31 March 2025, the Group was operating twenty six owned vessels and eight chartered-in vessels, with total capacity of deadweight 2.5 million metric tonnes. • In May 2025, the Group entered into
Slide 9: Jinhui's Fleet
Jinhui’s Fleet (Based on information up to 25 May 2025) 1991 2007 2025 Group Found Listed Oslo Børs Took Delivery Jinhui Shipping listed on Operation with 38 Oslo Stock Exchange Owned Vessels Listed HKEx 1st Order in China Fleet Expansion Parent Jinhui Holdings 8 Supramaxes from Carrying capacity: l
Slide 10: Owned Vessels
Owned Vessels Operating: 25 owned vessels Total capacity: deadweight 1,728,000 metric tonnes Average age: 14.32 years Vessel DWT(MT) Year built Shipyard Vessel DWT(MT) Year built Shipyard 1 JIN CHENG 181,279 2012 Imabari 14 JIN AO 56,920 2010 Shanghai Shipyard 2 JIN MEI 178,021 2008 Shanghai Waigaoq
Slide 11: Chartered-in Vessels
Chartered-in Vessels (Based on information up to 25 May 2025) Total capacity deadweight for Type Long Term Short Term Total Chartered Chartered chartered-in vessels was deadweight Capesize 1 - 1 619,000 metric tonnes Panamax 2 - 2 Ultramax / Supramax 2 2 4 Total 5 2 7 Long Term Chartered-in Vessel D
Slide 12: Debt Maturity Profile
Debt Maturity Profile 90% Total debt as of 31 March 2025: 82% 83% US$111 million 80% (2024: US$98 million) 70% 60% * Secured bank loans represented 50% revolving loans and term loans which were secured by the Group’s motor 40% vessels, land & buildings, investment properties and financial assets at
Slide 13: Cargo Mix Analysis
Cargo Mix Analysis * Including steaming coal and coking coal 60% 52% 50% 40% 30% 3.31 20% Million tonnes 9% 8% 8% 10% (Q1 2024 2.61mt) 10% 7% 6% 0% Q1 2024 Q1 2025 Total cargo volume Q1 2025 Cargo Mix (%) 13
Slide 14: Distribution of Cargo
Distribution of Cargo Loading Ports Analysis Q1 2025 US$M North China 14 America 5% 35% 12 Asia 10 excluding China 8 20% 6 Africa 4 27% 2 0 South Australia America 3% 10% Q1 2025 Q1 2024 Chartering revenue expressed by loading ports 14 Powe © Australian Bureau of Statistics, GeoNames, Microsoft, Nav
Slide 15: Distribution of Cargo
Distribution of Cargo Discharging Ports Analysis Q1Ports Discharging 2025Analysis 2024 North China America US$M 3% 38% 16 Asia 14 excluding China 12 25% 10 8 Africa 6 26% 4 2 South Australia 0 America 5% 3% Q1 2025 Q1 2024 Chartering revenue expressed by discharging ports 15 © Australian Bureau of S
Slide 16: TCE of Jinhui Fleet
TCE of Jinhui Fleet Average Daily Time Charter Equivalent Rate (TCE) Q1 2025 Q1 2024 2024 Type US$ US$ US$ Capesize Fleet 22,920 - 24,298 Panamax Fleet 12,822 17,081 15,528 Ultramax / Supramax Fleet 12,192 11,819 14,466 In Average 13,229 12,218 14,741 16
Slide 17: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels US$ US$8,715 US$8,167 US$8,959 9,000 10 8,000 42 • Daily vessel running cost is calculated as the aggregate of crew expenses, insurance, consumable stores, spare parts, repairs and 7,000 maintenance and other vessels’ miscellaneous expenses divided by 3,34
Slide 18: Outlook
Outlook • Potential impact from tariffs and other potential US led restrictions (port charges) remains uncertain; • Supply demand of vessels in relatively good balance; • Continue to look for opportunities to maintain a young fleet; • Prudent balance sheet remains to be our first priority. 18
Slide 19: Thank you
Thank you
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