Pt Trans Power Marine Tbk · IDX:TPMA
Pt Trans Power Marine Tbk — Q1 2024 Earnings Presentation
21 slides from Pt Trans Power Marine Tbk's earnings presentation, 2024
Slide 1: Company Update 1Q24
Company Update 1Q24 PT Trans Power Marine Tbk
Slide 2: Disclaimer
Disclamer These materials have been prepared by PT Trans Power Marine Tbk (the “Company”) and have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or
Slide 3: Trans Power Marine
TRANS POWER MARINE We pride ourselves in delivering expert and tailored solutions for bulk cargo transportation and handling, particularly for the coal sector in Indonesia and South East Asia. We have successfully operated in the shipping industry providing services of coal and other cargo transport
Slide 4: Our Milestones
Our Milestones 2005 2010 2012 2013 Established as an interisland Signed a shipment contract with Procured tugboat and barge • Listed on IDX with ticker freight transportation service PT Pelayaran Bahtera Adhiguna units rounding up the TPMA provider (a subsidiary of PLN) to supply Company’s fleet to
Slide 5: Our Service
OUR SERVICE TUG AND BARGE FLOATING CRANE Our services on tug and barges Transport bulk commodities from including transshipment and long loaded barges into Mother Vessel towing services
Slide 6: Our Service
OUR SERVICE Transhipment Pelabuhan Muat Loading Port A Berlayar Voyage B Pelabuhan Bongkar Inter Island Discharge Port A : Transshipment B : Inter Island
Slide 7: Our Area of Operation
OUR AREA OF OPERATION
Slide 8: Our Client
OUR CLIENT We offers excellences service to our value clients
Slide 9: Our Board of Commissioners
OUR BOARD OF COMSSIONERS Ingrid Ade Sundari Prasatya Hongisisilia President Independent Commissioner Commissioner
Slide 10: Our Management Team
OUR MANAGEMENT TEAM Ronny Kurniawan Daniel Wardojo Rudy Sutiono Aman Suaedi President Director Vice President Director Director Director
Slide 11: Operational Fleets
OPERATIONAL FLEETS TPM Tug boat 41 unit Barges 35 unit Floating Crane 3 unit TLP Tug boat 46 unit Barges 40 unit Tanker 1 unit
Slide 12: Financial Highlights
Financial Highlights
Slide 13: Quarterly review
Quarterly review in US$ million (unless stated otherwise) 4Q23 1Q24 qoq 1Q23 yoy Revenue 18.6 16.0 -13.8% 17.1 -6.4% COGS -11.0 -9.4 -13.9% -10.9 -13.1% Gross Profit 7.6 6.6 -13.7% 6.2 5.3% GPM 41% 41% 36% G&A -1.5 -1.2 -16.9% -1.2 6.4% EBIT 6.1 5.3 -12.9% 5.1 5.1% EBIT Margin 33% 33% 30% Interest E
Slide 14: Operation by Segment
Operation by Segment LT in '000 MT • 1Q24 volume declined to 395k, 11% yoy or 31% qoq. 800 600 574 This decline was primarily attributed to disruption 446 395 400 operation, particularly within inter-island operations, 200 resulting from bad weather transitioning from El Nino - to La Nina in the fir
Slide 15: Operation by Segment
Operation by Segment Transshipment in '000 MT 3,500 • Transshipment volume in 1Q24 recorded at 2.97m 3,002 2,967 3,000 (+44% yoy, -1% qoq). This segment is less impacted 2,500 2,065 2,000 to severe weather due closer proximity area operation. 1,500 1,000 500 - 4Q23 1Q23 1Q24 Transshipment in US$m 7.
Slide 16: Operation by Segment
Operation by Segment FC 2,334 2,500 2,119 2,110 • Floating crane volume in 1Q24 recorded at 2.1m MT (- 2,000 4% yoy) 1,500 1,000 500 - 4Q23 1Q23 1Q24 FC in US$m 6.0 5.4 5.2 5.0 4.8 • Floating revenue decline to US$4.8m, declined by 7% 4.0 yoy. 3.0 2.0 1.0 0.0 4Q23 1Q23 1Q24
Slide 17: Direct Cost Breakdown
DIRECT COST BREAKDOWN In ‘000 US$ 12,000 Others 10,000 Fuel expenses declined by Vessel rental 36% in 1Q24. Mainly 8,000 Vessel attributed to lower fuel cost document Transportation and higher transshipment 6,000 Assist Tug volume. 4,000 Vessel supplies Stevedoring 2,000 - 1Q23 1Q24
Slide 18: Profitability Ratio
PROFITABILITY RATIO 60% 53% 50% 40% 41% Our productive and efficient 36% 30% operations lead to better margin 1Q24 20% 10% 0% 2017 2018 2019 2020 2021 2022 2023 1Q24 GPM EBITDA Margin NP Margin
Slide 19: Balance Sheet
Balance Sheet 20 30% 18 25% 16 14 As of 1Q24, our gearing ratio stood 20% 12 10 15% at 16% 8 10% 6 4 5% 2 0 0% 2017 2018 2019 2020 2021 2022 2023 1Q24 Working Capital Loan Investment Debt to Equity (RHS) Cash 25 20 19 Our cash balance recorded at US$19m 15 in 1Q24 10 5 0 2018 2019 2020 2021 2022 202
Slide 20: Strategy
Adding more fleets STRATEGY In order to grow further in 2024, we are on track to received delivery of 6 barges, 2 tug boats, and 1 floating crane. 2024 Optimizing route leads to better profitability Our strategy to balance between long towing and transshipment. Hence, our revenue could grow in the r
Slide 21: Q&A
Q&A
PT Trans Power Marine — Q1 2024 Earnings Presentation on 6ix