Pt Samudera Indonesia Tbk · IDX:SMDR
Pt Samudera Indonesia Tbk — Samudera Shipping Line — Shareholder Meeting (April 2012)
20 slides from Pt Samudera Indonesia Tbk's shareholder meeting presentation, Apr 25, 2012
Slide 1: Corporate Presentation Annual General Meeting 2012
SAMUDERA SHIPPING LINE LIMITED Corporate Presentation Annual General Meeting 2012
Slide 2: Corporate Overview
SAMUDERA SHIPPING LINE LIMITED Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy
Slide 3: Corporate Profile
SAMUDERA SHIPPING LINE LIMITED Corporate Profile • Regional provider of efficient and reliable sea transportation solutions: Regional Indonesia Domestic Bulk Carrier & Tanker Container Shipping Container Shipping • Extensive container shipping network covering Indian Sub- continent, South East Asia,
Slide 4: Our International Network
SAMUDERA SHIPPING LINE LIMITED Our International Network Far East Middle East • China • UAE • Korea • Iran • Hong Kong • Kuwait • Taiwan South East Asia • Singapore (HQ) India-Sub Continent • Indonesia • India • Thailand • Bangladesh • Malaysia • Pakistan • Vietnam • Sri Lanka • Myanmar • Philippine
Slide 5: Regional Container Shipping
SAMUDERA SHIPPING LINE LIMITED Regional Container Shipping • Established feeder services transporting containerised cargo between hub port and spoke ports – provide services to Main Line Operators – main hub port in Singapore – spoke ports throughout our international network • Liner services transp
Slide 6: Indonesia Domestic Container Shipping
SAMUDERA SHIPPING LINE LIMITED Indonesia Domestic Container Shipping • Fleet of 14 vessels, with total capacity of ~4,200 TEU – smaller-sized vessels due to shallow waters at Indonesian ports – more efficient operations and faster vessel turnaround have resulted in total volume handled of 152,279 TE
Slide 7: Bulk Carrier & Tanker
SAMUDERA SHIPPING LINE LIMITED Bulk Carrier & Tanker • Fleet of 16 tankers and 6 dry bulk carriers • Chartered out on spot and medium to long- term on time charter and contracts of affreightment • Back-to-back charter • Marine operations services – harbour tug services, crewing, ship management and
Slide 8: Competitive Advantage
SAMUDERA SHIPPING LINE LIMITED Competitive Advantage • Better positioned to tap Indonesia’s robust economic growth • Unique position – combination of Indonesia domestic and regional container shipping services – benefit from Indonesia cabotage law – well-established brand name • Synergies with Samud
Slide 9: Operations Review
SAMUDERA SHIPPING LINE LIMITED Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy
Slide 10: 2011 Actions: Regional Container Shipping
SAMUDERA SHIPPING LINE LIMITED 2011 Actions Regional Container Shipping • Converted 3 chartered vessels into owned vessels – better cost management, balance of owned and chartered vessel portfolio in the long run Operational performance 2010 2011 No of calls 798 771 Lifting ('000 teus) 1,200 1,266 L
Slide 11: 2011 Actions: Domestic Container Shipping
SAMUDERA SHIPPING LINE LIMITED 2011 Actions Domestic Container Shipping • Added capacity, 3 acquired and 2 chartered – capitalise on cabotage law – leverage parent company’s customer base and network – ride on opportunities provided by booming Indonesian economy • Introduced 3 new services linking J
Slide 12: 2011 Actions: Bulk Carrier & Tanker
SAMUDERA SHIPPING LINE LIMITED 2011 Actions Bulk Carrier & Tanker • Delivery of 2 dry bulk (supramax) vessels • Re-flagged 1 chemical tanker to Indonesian registry – Tap on cabotage law opportunity, gives flexibility to deploy tankers in both Indonesia and international waters, in response to market
Slide 13: Financial Highlights
SAMUDERA SHIPPING LINE LIMITED Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy
Slide 14: Consolidated Profit & Loss
SAMUDERA SHIPPING LINE LIMITED Consolidated Profit & Loss US$'000 2010 2011 Revenue 369,141 454,213 23% Cost of services (340,792) (426,436) 25% Gross profit 28,349 27,777 ‐2% Marketing & Administrative (16,015) (16,922) 6% Other operating income (exps) 1,044 6,350 508% Finance, net (2,337) (2,835)
Slide 15: Segmented Results
SAMUDERA SHIPPING LINE LIMITED Segmented Results US$'000 2010 2011 Revenue 369,141 454,213 23% Regional Container 275,426 322,323 17% Domestic Container 35,960 57,597 60% Bulk & Tankers 57,755 74,294 29% Profit before tax 11,041 14,371 30% Regional Container 7,786 959 ‐88% Domestic Container 1,002 9
Slide 16: Balance Sheets
SAMUDERA SHIPPING LINE LIMITED Balance Sheets US$'000 2010 2011 2010 2011 Non‐current assets Current liabilities Vessels 289,786 350,501 21% Trade creditors 20,782 27,876 34% Non vessels 25,418 24,193 ‐5% Term Loans 13,779 28,959 110% Others 7,620 3,378 ‐56% Others 23,465 23,965 2% 322,824 378,072 1
Slide 17: Outlook & Strategy
SAMUDERA SHIPPING LINE LIMITED Corporate Overview Industry Trends Operations Review Financial Highlights Outlook & Strategy
Slide 18: Current External Conditions
SAMUDERA SHIPPING LINE LIMITED Current External Conditions • Slow US economic recovery, ailing Eurozone and slow China’s export growth affect global trade volumes • Oversupply situation in almost all shipping segments continues in 2012 • Bunker price expected to remain high • Challenges in Indonesia
Slide 19: 2012 Priorities
SAMUDERA SHIPPING LINE LIMITED 2012 Priorities • Optimize current fleet utilisation & service performance • Review non-performing Assets, divest as necessary • Explore new opportunity by leveraging low charter hire • Strengthening Cash position: - tighter investment - stricter collection • Overseas
Slide 20: Strategic Direction
SAMUDERA SHIPPING LINE LIMITED Strategic Direction • Strike a more balance business portfolio - reduce exposure in low-return and capital intensive business segments - increase exposure in higher-return business segments - re-deploy capacity from underperforming sectors to capitalize on growth oppor
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