Maybulk Bhd · MYX:MAYBULK
Maybulk Bhd — Malaysian Bulk Carriers Berhad — Shareholder Meeting (May 2022)
14 slides from Maybulk Bhd's shareholder meeting presentation, May 30, 2022
Slide 1: 33rd Annual General Meeting
Malaysian Bulk Carriers Berhad 33rd Annual General Meeting 30th May 2022 CONFIDENTIAL 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securiti
Slide 3: Financial Highlights 2021
FINANCIAL HIGHLIGHTS 2021 3 MALAYSIAN BULK CARRIERS BERHAD
Slide 4: 2021 Group Financial Highlights
2021 GROUP FINANCIAL HIGHLIGHTS FY2021 FY2020 Change FINANCIAL RESULTS (RM’ MILLION) Net Revenue 181.1 130.8 50.3 ▲ Operating Profit 93.0 (3.6) 96.6 ▲ PBT/(LBT) excl exceptional items 76.2 (19.2) 95.4 ▲ Exceptional Items 119.2 (1.5) 120.7 ▲ – Gain on disposal of property, plant and equipment 98.0 -
Slide 5: 2021 Consolidated Balance Sheet
2021 CONSOLIDATED BALANCE SHEET FY2021 FY2020 BALANCE SHEET (RM’ MILLION) Total Assets 627.6 652.2 Total Liabilities 158.6 377.9 Cash and Cash Equivalents 207.2 38.9 Total Borrowings 65.9 237.3 Total Lease Liabilities 74.2 111.8 Net Debt (excl. Lease Liabilities) N/A 198.4 Shareholders’ Equity 469.0
Slide 6: Our Fleet
OUR FLEET Vessels in operation Total Total Capacity Average Age Long-term (Owned & (As of 30 May 2022) Owned (DWT) Chartered Operated Fleet) Kamsarmax 2 0 2 167,099 3.4 approx 80,000–85,000 dwt Supramax 0 1 @ 1 61,410 8.8 approx 55,000-60,000 dwt Handysize 0 1 @ 1 29,077 10.2 approx 30,000-36,000 dw
Slide 7: Business Highlights 2021
BUSINESS HIGHLIGHTS 2021 7 MALAYSIAN BULK CARRIERS BERHAD
Slide 8: 2021 Business Highlights
2021 BUSINESS HIGHLIGHTS • We adopted a combination of fixed and floating index rate charters on the Supramax vessels, and spot/ short-term charters on the Kamsarmax vessels leveraging on improving market conditions as well • The dry bulk industry as to secure stable earnings. recorded a remarkably
Slide 9: Crew Welfare a key priority; and important enabler to Business Continuity
Crew Welfare a key priority; and important enabler to Business Continuity Crew Engagement COVID-19 Welfare Initiatives • Consistent communication supplemented with • ZERO-COVID Incentive Program for regular safety training and stringent all the vessels implementation of PCP Measures onboard • Hardsh
Slide 10: 2022 Outlook
2022 OUTLOOK 10 MALAYSIAN BULK CARRIERS BERHAD
Slide 11: Drybulk Earnings
DRYBULK EARNINGS 45,000 35 40,000 30 35,000 25 30,000 Million USD 25,000 20 USD/day 1H 2020: Covid-19 struck 20,000 the world, demand significantly impacted due 15 2021: The pent-up to containment measures 15,000 demand from early Covid- and lockdowns 19 containment measures 10 and lockdowns, togeth
Slide 12: 2022 Drybulk Market Outlook
2022 DRYBULK MARKET OUTLOOK • The outlook for the shipping industry in the near term is still positive underpinned by trade volume recovery, widespread congestion and modest fleet supply growth. • There are challenges in the horizon including the Ukraine/ Russia conflict which had a direct impact to
Slide 13: Thank You
THANK YOU 13 MALAYSIAN BULK CARRIERS BERHAD
Slide 14: Q&A
Q&A 14 MALAYSIAN BULK CARRIERS BERHAD
Malaysian Bulk Carriers Berhad — Shareholder Meeting (May 2022) on 6ix