Singamas Container Holdings Limited · HKEX:716
Singamas Container — FY2024 Earnings Presentation
35 slides from Singamas Container's earnings presentation, Mar 18, 2025
Slide 1: Singamas Container Holdings Limited 2024 Annual Results Announcement
Singamas Container Holdings Limited (Incorporated in HK with Limited Liability) (HKEx stock code: 00716) 2024 Annual Results Announcement 18 March 2025 www.singamas.com 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for any ordinary shares (“Shares”) or rights to purchase Shares in Singamas Contain
Slide 3: Agenda
Agenda ➢ Corporate Profile ➢ Industry Dynamics ➢ Financial Review ➢ Business Review ➢ Appendices • Consolidated Income Statement • Manufacturing Facilities • Container Depot / Terminals 3
Slide 4: Corporate Profile
== CORPORATE / PROFILE it
Slide 5: Business Overview
Business Overview Listed since 1993 MANUFACTURING LEASING LOGISTICS & DEPOTS ➢ Manufactures a wide range of products ➢ Approximately 120,000 TEUs ➢ Operates 8 Container Depots at the of leasing containers major ports in China2 ➢ 5 Factories in Shanghai, Xiamen and Huizhou, China ➢ Provides Standard
Slide 6: Manufacturing - Dry Freight Containers
Manufacturing - Dry Freight Containers ➢ Dry Freight Container is the major product of Singamas over the years, these are essential components of transportation logistics, serving as standardized units for the efficient movement of goods across various modes of transport. They conform to ISO standar
Slide 7: Manufacturing – ISO Specialised Containers
Manufacturing – ISO Specialised Containers ➢ ISO specialised containers are mainly for marine transportation, including ISO tanks, open top & open sides containers, flat racks, bulk containers, etc. ISO Specialised Containers Bulk (Food) Containers Tank Containers Flat Rack Containers Platform Conta
Slide 8: Manufacturing - Customised Containers
Manufacturing - Customised Containers ➢ Singamas cooperates with customers to develop tailor-made container designs and offer container solutions. ➢ Our customers come from various sectors, including energy, environmental protection, telecommunication, information technology, data network infrastruc
Slide 9: Manufacturing - Customised Containers [Energy Storage System]
Manufacturing - Customised Containers [Energy Storage System] Core Product of Singamas’ Customised Containers – Energy Storage System (“ESS”) Container For illustration purpose only ➢ On the electricity user side, ESS container stores electricity during periods of low consumption, and then releases
Slide 10: Green Tenaga - Energy Storage System Solutions
Green Tenaga - Energy Storage System Solutions Background To capture the growing market and to ride on the Group’s expertise in the manufacturing of ESS containers, Green Tenaga Pte. Limited (“Green Tenaga”) is Singamas’ wholly- owned subsidiary which incorporated in Singapore for providing ESS and
Slide 11: Green Tenaga Applications
Green Tenaga Applications ➢ Renewable Energy Integration: Smoothly integrates solar and wind energy into the grid, ensuring stability and reliability. ➢ Peak Shaving and Load Shifting: Balances electricity demand to optimize energy usage and reduce costs. ➢ Carpark and Transportation: Powers EV char
Slide 12: Leasing
Leasing Background and Development Teamwill International Limited (“Teamwill”) is Singamas’ wholly-owned subsidiary which operates global container trading and leasing business. As at 31 Dec 2024, Teamwill owns a fleet of approximately 120,000 TEUs leasing containers. Most of its customers are the t
Slide 13: Leasing
Leasing ➢ We specialize in providing the standard 20-foot ➢ Extensive network of Off-hire Locations: and 40-foot high cube container leasing services: China's Major Ports: Short-term Operating Lease Shanghai, Dalian, Qingdao, Tianjin, Ningbo, from 1 to 3 years Xiamen, Shekou, Yantian, Nansha… Long-t
Slide 14: Logistics Services – Overview and Strategy
Logistics Services – Overview and Strategy ➢ Singamas is a Major Operator of 8 Container Depots in China with over 30 years of Industry Experience. • Network with key port operators in China. • Customer Relationships with global major shipping companies and leasing companies: DSIC Shipping Clients 1
Slide 15: Industry Dynamics
INDUSTRY / DYNAMICS fit
Slide 16: Container Industry Dynamics – Dry Freight, Tanks and others
Container Industry Dynamics – Dry Freight, Tanks and others Worldwide Containers Production ➢ In 2024, new containers production exceeded 8.3 million TEUs due to the closure of Suez Canal and the rush of US imports before the US election. ➢ New container production is expected to decline significant
Slide 17: Container Industry Dynamics – Dry Freight Container
Container Industry Dynamics – Dry Freight Container Singamas Dry Freight Production ➢ Although strong demand of Dry Freight Containers in the market, the average selling price (“ASP”) for FY24 declined due to the drop in material cost and sufficient production capacity. Average steel cost FY24 decre
Slide 18: Leasing Industry Dynamics
Leasing Industry Dynamics Worldwide Leasing Rates ➢ According to Drewry, lease rates are expected to remain softer for the whole of the forecast period (2025-2028) than they were expected in 2024. ➢ In 2025, lease rates are expected to fall sharply for all dry freight equipment as demand weakens wit
Slide 19: Financial Review
FINANCIAL iP REVIEW BPS
Slide 20: Consolidated Revenue
Consolidated Revenue US$’M 1,000 1,151.8 500 776.5 +52% 582.8 382.5 274.3 0 2020 2021 2022 2023 2024 For the year ended 31 December ➢ Singamas recorded consolidated revenue of US$582.8 million in FY2024, an increase of 52% over the revenue of US$382.5 million in FY2023. 20
Slide 21: Consolidated Net Profit
Consolidated Net Profit US$’M 200 180 160 140 120 100 80 60 40 20 +76% 4.6 186.8 46.3 19.4 34.1 0 2020 2021 2022 2023 2024 For the year ended 31 December ➢ Consolidated net profit attributable to owners of the Company was US$34.1 million (2023: US$19.4 million), including fair value losses on invest
Slide 22: Basic Earnings per Share
Basic Earnings per Share US cents 8 7 6 5 4 3 2 1 +74% 0.19 7.73 1.92 0.82 1.43 0 2020 2021 2022 2023 2024 For the year ended 31 December ➢ Basic earnings per share was US1.43 cents, compared with US0.82 cent in FY2023. 22
Slide 23: Net Asset Value per Share
Net Asset Value per Share US cents 30 25 +1.3% 20 15 27.98 25.01 23.16 23.47 20.58 10 5 0 2020 2021 2022 2023 2024 As at 31 December ➢ Net asset value per share slightly increased from US23.16 cents as at 31 December 2023 to US23.47 cents as at 31 December 2024. 23
Slide 24: Dividends
Dividends HK$ Payout Ratio 0.5 400% 0.45 344% 350% 0.4 Special Dividend 300% 0.35 for Singamas’ 0.25 35th Anniversary 250% 0.3 Special Dividend 0.25 200% Dividend 0.2 Payout Ratio 150% 0.15 0.17 100% 71% 0.1 72% 0.18 40% 50% 0.05 0.06 0.08 0.05 0 0% 0% 2020 2021 2022 2023 2024 For the year ended 31
Slide 25: Business Review
BUSINESS / REVIEW BPS
Slide 26: Manufacturing & Leasing Business – Revenue and Profit Analysis
Manufacturing & Leasing Business – Revenue and Profit Analysis Revenue Profit Before Taxation US$’M US$’M 800 100 700 80 600 500 60 400 748.8 +56% 40 84.3 300 553.6 200 355.0 +128% 44.5 20 100 19.5 0 0 2022 2023 2024 2022 2023 2024 For the year ended 31 December ➢ Manufacturing and leasing segment a
Slide 27: Manufacturing & Leasing Business – Sales Volume and Sales Revenue Breakdown
Manufacturing & Leasing Business – Sales Volume and Sales Revenue Breakdown Sales Volume (By Unit) Revenue Breakdown (By Amount) 0.8% 3.0% 0.7% 4.0% For the year 3.5% 0.2% 2023 2024 8.0% ended 31 December 3.8% 16.5% 19.9% 3.0% Dry freight (TEU) 96,582 216,205 5.3% 2023 2024 17.3% 2022 ISO Special (T
Slide 28: Leasing – Finance Lease and Operating Lease
Leasing – Finance Lease and Operating Lease Finance Lease Operating Lease Income US$’000 Interest Income US$’000 3,000 5,500 2,500 5,000 4,500 2,000 4,000 3,500 1,500 3,000 2,832 5,650 2,500 +157% 1,000 2,000 +235% 1,500 500 1,102 1,000 1,687 472 500 1,079 0 0 2022 2023 2024 2022 2023 2024 For the y
Slide 29: Logistics Services Business – Revenue and Profit Analysis
Logistics Services Business – Revenue and Profit Analysis Revenue Profit Before Taxation US$’M US$’M 9 30 8 +5% +6% 7 6 20 5 4 8.1 8.5 27.6 27.5 29.2 3 5.7 10 2 1 0 0 2022 2023 2024 2022 2023 2024 For the year ended 31 December ➢ Segment revenue amounted to US$29.2 million (2023: US$27.5 million). ➢
Slide 30: Marketing and Operating Strategies
Marketing and Operating Strategies Expand New Markets and Strengthen Sales Network ➢ The demand for dry freight containers is anticipated to dampen in the coming year, due partly to overproduction in 2024. Geopolitical tensions between major economics are expected to lead to a new round of import ta
Slide 31: Appendices
APPENDICES , oo O ese SYSTEM
Slide 32: Consolidated Income Statement
Consolidated Income Statement For the year ended 31 December 2024 2023 US$’000 US$’000 Revenue 582,804 382,470 Cost of sales (490,018) (325,942) Gross profit 92,786 56,528 Other income 17,370 20,608 Distribution expenses (21,269) (10,938) Administrative expenses (39,476) (32,657) Finance costs (1,32
Slide 33: Manufacturing Facilities
Manufacturing Facilities ➢ Singamas has five manufacturing facilities in China with total annual capacity of 270,000 TEUs of dry and ISO specialised containers, 10,000 units of tank containers and 10,000 units of offshore and customised special containers. Annual No. Factories Area (m2) Description
Slide 34: Container Depot / Terminals
Container Depot / Terminals ➢ Singamas operates 8 container depots in key coastal regions in China. Average Repair Storage Turnaround Allocated Capacity per Capacity Time of Truck Repair Area Day No. Depots Area (m2) (TEU) (minute) (m2) (unit) DSIC 1 Dalian Singamas International Container Co. Ltd.
Slide 35: Thank You
THANK YOU Singamas’ WeChat Singamas’ WeChat Investor Relations Mini-Program Official Account 35
Singamas Container Holdings — FY2024 Earnings Presentation on 6ix