FY2017 Results. February 26, 2018

Size: px

Start display at page:

Download "FY2017 Results. February 26, 2018"

Jordan Stafford
5 years ago
Views:

1 FY2017 Results February 26, 2018

2 Our background & development Registered capital increased to 12 MB Started International marine transportation ( Myanmar route ) Registered capital increased to 100 MB Expanded service route to the Philippines Registered capital increased to 110 MB Established AMAL with registered capital of 5 MB Established AMA with registered capital of 1MB Registered capital increased to 60 MB No. of tankers & tanker trucks Expanded service route to Vietnam Overall revenues came from International transportation Transformed to Public Company Limited and listed in MAI on 22 December Registered capital increased to MB AMAL s registered capital increased to 190 MB Year No. of vessels (units) Total deadweight (DWT) 3,814 10,245 13,861 16,791 14,266 11,440 16,203 23,781 18,876 18,876 23,699 33,641 82,981 No. of trucks (units) Loading quantity (liters)

3 Our business portfolio AMA provides transport service of palm oil and vegetable oils for the world class producers and traders. Expert of liquid product transportation which more than 20 years experience Several routes in SEA, East Asia, and South Asia AMA Logistics ( AMAL ) provides the service on inland liquid carrier by tank trucks, mainly loading diesel B100 and gasoline. Various routes in Thailand with strong business alliances Newcomer with a dynamical move Revenue structure International liquid logistic services MB % MB % Service income , Demurrage charge Total revenue from tankers , Domestic land logistic services Service income Total revenue from tank trucks Total revenue from services ,

Palm oil industry Global source of production and exporter of palm Palm oil production growth has been highest in Indonesia and Malaysia, and the spike is expected to continue.

4 Palm oil industry Global source of production and exporter of palm Palm oil production growth has been highest in Indonesia and Malaysia, and the spike is expected to continue. Mton 40 Major palm oil production countries Indonesia Malaysia Thai Columbia Nigeria Source: The Oil Palm, a project of the Malaysian Palm Oil Council (MPOC) Remark: red color represents the countries the produce palm Source: 4

Our competitive advantage Palm oil importers Palm oil exporters Mton 50 Mton

areas where they are the center of production and consumption of the world.

5 Our competitive advantage Palm oil importers Palm oil exporters Mton 50 Mton AMA provides the medium tankers which are suitable for SEA due to the shallow watercourse AMA provides the service in the areas where they are the center of production and consumption of the world. India Europe China Pakistan Others Other Benin Malaysia Papua New Guinea Guatemala Indonesia Source: 5

A leader of the palm oil transportation The service provider of vegetable oil transportation in SEA The Joint Venture Companies between Kuala Lumpur Kepong Berhad, registered company in The Stock

37% An International Company Exporting Consumption Oils and Other Oils The Leading Agriculture Business in Asia. The World Biggest Manufacturer and Distributor Palm Oil AMA Marine PLC 5 21,005 5.

6 A leader of the palm oil transportation The service provider of vegetable oil transportation in SEA The Joint Venture Companies between Kuala Lumpur Kepong Berhad, registered company in The Stock Exchange of Malaysia and PT Astra Agro Lestari, registered company in The Stock Exchange of Indonesia Service provider No. of Vessels DWT Market share in SEA (%) Raffles, Singapore 9 105, % An International Company Exporting Consumption Oils and Other Oils The Leading Agriculture Business in Asia. The World Biggest Manufacturer and Distributor Palm Oil AMA Marine PLC 5 21, % Megaports, Singapore 2 10, % Thai Ship owner 3 7, % Samuraya Layer Sentosa Medan, Indonesia 1 4, % Thai Ship owner 1 3, % Thai Ship owner 1 2, % Tien Thanh, Vietnam 1 2, % Others , % Total , % 6

7 Our marine services No Vessels DWT Year built 1 Year purchased Year remaining Chao Anoma 4, Primrose 4, AMA 3, AMA operates the business on marine transportation. We provide liquid transportation services by the standard tankers. Presently, we have 11 tankers. We mainly deliver vegetable oil. Our service routes are SEA, East Asia, and South Asia. 4 Bergprai 3, Meson 4, Meya 9, Ulaya 13, Alinya 12, Anika 13, Salina 13, Alisha 13, Total deadweight 96,202 Other vegetable oil e.g. soy bean oil, coconut oil, 3% Product Delivery Palm oil, 97% 7

8 Growing fuel consumption from rising vehicles No. of truck registered in Thailand Domestic fuel consumption Units M liters 900,000 25, ,000 20, ,000 15, , ,000 10, ,000 5, NonPublic Trucks Personal Trucks Gasoline Diesel 8

9 Efficient route management Backhauling Management AMAL constantly extends the service routes, including backhauling services that will continuously drive our revenues. Units No. of AMAL s trucks f Product Delivery Biodiesel Manufacturer Biodiessel (B100), 10% Gasoline, 90% 9

10 Our financial highlights 4Q17 Financial Performance FY2017 Financial Performance Balance Sheet Strategy Execution the highest quarter revenues of the year, with recorded of MB SG&A expenses grew up by 14.76% YoY 32.30% gross profit margin 19.71% net profit margin The highest annual profit in corporate history EBITDA was MB, up 66.04% YoY Cost of administrative decreased continuously Cost of finance surged by MB D/E was at low level of 0.82 ROA was at 9.18%, compared with transportation sector of 4.60%* ROE was at 12.23%, compared with transportation sector of 5.76%* Continue to make good progress to deliver revenue growth Acquire 3 tankers Acquire 50 tank trucks *source: SET, as of 9M17 10

11 The bigger assets, the larger incomes Statements of Financial Position (Consolidated) As at December 31, 2017 Unit: MB 4, % ,500 3,000 2,500 2,000 1,500 1, (500) 3, , % , , (0.72%) (14.99) 2, , Total Assets Total Liabilities Total Shareholders' Equity (330.32%) (160.24) Other Components of Equity , , , , , , (111.73) (111.73) 11

12 Continuing revenues growth Statements of Comprehensive Income (Consolidated) Unit: MB % 30.00% 32.28% 29.76% 27.67% 26.24% 25.46% 32.30% 40% 30% % % 18.03% 11.94% 22.42% 11.01% % % % 10% 0% 10% 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 Service Income EBIDA GP Margin 27.44% 30.00% 32.28% 29.76% 27.67% 26.24% 25.46% 32.30% NP Margin 12.65% 18.27% 18.03% 11.94% 22.42% 11.01% 13.96% 19.71% 20% 12

13 The largest quarterly earnings Statements of Comprehensive Income (Consolidated) For the threemonth periods December 31, 2017 Gross Profit Margin Unit: MB 58.14% 34% % 32.30% % 29.76% % % % Service Income Gross Profit Net Profit % 20% 15% 10% 5% 0% Net Profit Margin 19.71% 11.94% 13

14 4Q2017 marine services Statements of Comprehensive Income (Separate) For the threemonth December 31, 2017 Gross Profit Margin Unit: MB % % 34% 32% 32.26% 35.64% % % Service Income Gross Profit Net Profit % 25% 20% 15% 10% 5% Net Profit Margin 22.84% 12.48% 14

15 4Q2017 inland truck services Unit: MB % Statements of Comprehensive Income For the threemonth period December 31, % 23% 22% Gross Profit Margin 22.80% 21.99% % % 22% 11% Net Profit Margin Service Income Gross Profit Net Profit % 9% 10.75% 10.51% 15

16 Achieved profitable growth Unit: MB 1,600 1, % Statements of Comprehensive Income (Consolidated) For the year ended December 31, % 30% 29% Gross Profit Margin 30.07% 28.18% 1,200 28% 1, , % % Service Income Gross Profit Net Profit , % 17% 16% 15% 14% Net Profit Margin 16.87% 15.26% 16

77 400 200 702.51 340.33 225.91 50.65% 114.42 82.38% 98.45 217.95 119.

17 A new high profit Statements of Comprehensive Income (Separate) For the year ended December 31, 2017 Gross Profit Margin Unit: MB 56.26% 33% 32.16% 1, % 31.00% 1,000 31% , % % Service Income Gross Profit Net Profit , % 22% 20% 18% 16% 14% Net Profit Margin 19.85% 17.01% 17

29% 350 20% 300 250 18% 200 150 100 50 402.88 261.94 28.87% 18.31 30.91% 8.56 63.42 81.73 27.69 36.

18 Gross margin dropped from low utilization rate Statements of Comprehensive Income For the year ended December 31, 2017 Gross Profit Margin Unit: MB % % 24% 24.21% % 20.29% % % % % Service Income Gross Profit Net Profit % 10% 9% 8% Net Profit Margin 10.57% 9.00% 18

19 2017 key financial matrix Key financial metrics (Consolidated) Current Ratio (3.21) Quick Ratio (3.20) Debt to Equity Ratio Interest Bearing Debt Return on Assets Return on Fixed Assets (2.01) Return on Equity AMA Revenue (MB) 1, % Gross Profit Margin 31.00% 32.16% (1.16%) Net Profit Margin 19.85% 17.01% 2.84% AMAL Revenue (MB) % Gross Profit Margin 20.29% 24.21% (3.92%) Net Profit Margin 9.00% 10.57% (1.57%) 19

20 2018 acquisition plan Buying vessels Year H2018 2H2018 No. of vessels (units) Total deadweight (DWT) 18,876 23,699 46,661 82,981 96,202 ~110,000 Buying tank trucks Year Oct18 Nov18 No. of tank truck (units) Loading quantity (liters) 225,000 1,935,000 4,500,000 5,400,000 7,200,000 8,100,000 20

21 Looking forward Organic growth Expanding in tankers and tank truck s fleet Market penetration to other areas and customer base Inorganic growth M&A Creating value synergy across multiple categories Source of funds Cash Equity Debt 21

22 Q & A AMA Marine Public Company Limited 33/4 the 9th Towers, Room #TNA02, 33rd Floor, Tower A, Rama 9 Road, Huaykwang, Bangkok Thailand Tel: (662) Fax: (662) website: For further information and enquiries, please contact our IR Tel: (662) # ir@amamarine.co.th, chayanin.a@amamarine.co.th

ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED FEBRUARY 2017

ANALYST BRIEFING FOR THE FOURTH QUARTER ENDED 2016 22 FEBRUARY 2017 MSM Malaysia Holdings Berhad Analyst Briefing Q4 2016 22/2/2017 1 CONTENTS 01 02 03 04 05 Group Financial Highlights Performance Review