Company Background & Development

Transcription

1 25 August 2017

2 Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

3 3 Registered Capital Increase to 12 MB Register Capital Increase to 60 MB Expand Service Route to The Philippines Registered Capital Increase to 110 MB Expand Service Route to Vietnam AMAL s Registered Capital Increase to 190 MB PTGLG enters into holding shares of 32.01% Expand Service Routes to East Asia Company Transformation to Public Company Limited Registered Capital to MB Establishment of AMA with Registered Capital of 1 MB No. of Tanker Vessels & Tanker Trucks Start International Marine Transportation ( Myanmar Route ) Registered capital Increase of 100 MB AMA Overall Revenues Come from International Transportation Establishment of AMAL with registered Capital of 5 MB Being listed in MAI on 22 Dec Q2017 2Q2017 Vessels (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 56,730 69,980 Trucks Loading capacity (ml)

4 Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

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6 6 Tanker Trade Crude Gas Clean Products Chemical Dry Trade General Cargo Bulk carrier Container Tanker Trade Dry Trade Tanker General cargo Bulk carrier Container Tankers designed specially for delivery particular items such as crude oil, vegetable oil, chemical, natural gas. General cargo vessels deliver variety items bulk and non-bulk Dry Bulk vessels (unpacked) e.g. cereal, coal, sugar Container vessels carry variety of goods

7 AMA operates the business on marine transportation. We provide the delivery of liquid product by the standard tankers. We presently have 10 tankers We mainly deliver vegetable oil and also have plan to deliver other liquid items: Oil Molasses Easy Chemical Our service routes are SEA and will soon expand to East Asia and South Asia No. Vessels DWT Year Built Year of Purchased Remaining of Utilization (Years) 1 Chao Anoma 4, Primrose 4, AMA 3, Bergprai 3, Meson 4, Meya 9, Ulaya 13, Alinya 12, Anika 13, Salina 13, Total DWT 82,981 3% Other Vegetable Oil e.g. Soy Bean Oil, Coconut Oil 97% Palm Oil Product 7

8 Marine Transportation Service : Charterer 8 An International Company Exporting Consumption Oils and Other Oils The Leading Agriculture Business in Asia The World Biggest Manufacturer and Distributor Palm Oil 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

9 9 India European Union China Pakistan Bangladesh Egypt United States Philippines Myanmar Russian Federation Vietnam Turkey

10 10 Million Tons Producer of palm oil (Figures show the quantity of palm oil production) F Indonesia Malaysia Thai Columbia Nigeria Other Million Tons Million Tons Palm Oil Importer (Figures show the quantity of the import of palm oil) CAGR 0.56% F Palm Oil Exporter (Figures show the quantity of the export of palm oil) F Indonesia Malaysia Benin Papua New Guinea Guatemala Other India Europe China Pakistan Other

11 11 Trading Regions Southeast Asia East Asia South Asia Source: The Company provides the medium tankers which are suitable for SEA due to the shallow water course The Company provides the service in the areas where they are the center of production and consumption of the world The Company is the expert of liquid product by tankers and has more than 20 years experience

12 12 Service Provider s Name No. of Vessel (s) Total Weight (Metric Ton) Transportation Ratio in SEA (%) Raffles, Singapore 8 90, Ama Marine Public Company Limited 5 21, Megaports, Singapore 2 10, Thai Ship owner 2 5, Samuraya Layer Sentosa, Indonesia 1 4, Thai Ship owner 1 3, Thai Ship owner 1 2, Tien Thanh, Vietnam 1 2, Others , Total ,

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14 14 The Company s subsidiary AMA Logistics Co., Ltd. ( AMAL ) provides the service on inland liquid carrier by tank trucks. We have totally 125 tank trucks, being able to load up to 45,000 liters per truck. Mainly Loading diesel B100 and gasoline Various routes in Thailand with strong business alliances Continuously add up the trucks in order to meet the increasingly requirements Expand our service to carry other products such as asphalt, ethanol Efficient route management No. of Truck (s) F 2018F 90% Gasoline 10% Bio-diesel B100 Year No. of Truck (s) Loading quantity(liters) , ,935, ,500,000 1Q ,400,000 2Q ,625,000 Note : Truck is consisted of header and trailer with the size of 45,000 liters

15 15 Type 1 One Way Trip Type 2 Backhauling Management Biodiesel Manufacturer B100 Oil refinery

16 16 No. of Truck (s) - Domestic 226, , , , ,623 Quantity of Fuel Usage - Domestic Million liters 20,892 21,065 21,919 22, Jun-17 Non-Public Trucks 781, , , ,082 8,223 8,567 9,713 10,679 5,436 11, , Jun-17 Personal Trucks Gasoline Diesel Jun-17

17 17 Safety Health & Environment Integrity & Ethics Performance By Teamwork Sustainability AMA MARINE AMA MARINE AMA MARINE AMA MARINE AMA MARINE

18 Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

19 19 Unit : Million Baht 4,000 3,500 3,000 2,500 2,000 1,500 1, % , Statements of financial position (Consolidated financial statements) Convert to Baht As at June 30, , , % , , (5.98%) (125.46) 1, (45.98) Total Asset Total Liability Total shareholders' equity Other Components of equity , , , , , , (45.98) (177.49%) (105.32)

20 20 Statements of Comprehensive Income (Consolidated financial statements) Convert to Baht For the three-month periods June 30, 2017 Unit : Million Baht % % (25.20%) (10.32%) (10.34) (4.36) Service income Gross Profit Net profit Net profit w/o Gain (Loss) of AMAL Diff (10.34) (4.36) 32.00% 30.00% 28.00% 26.00% 24.00% 20.00% 10.00% 0.00% 30.09% Gross Profit Margin (%) 26.54% % Net Profit Margin (%) 17.78% Gross Profit Margin (%) 11.26% 9.12% Net Profit Margin (%) Net Profit w/o Gain (Loss) on AMAL (%)

21 21 Unit : Million Baht % Statements of Comprehensive Income (Separate financial statements) Convert to Baht For the three-month periods June 30, % (28.62%) (10.04) Service income Gross Profit Net profit Diff (10.04) % 30.00% 25.00% 20.00% 40.00% 20.00% 0.00% Gross Profit Margin (%) 32.06% 27.33% Net Profit Margin (%) 21.17% Gross Profit Margin (%) 10.77% Net Profit Margin (%)

22 22 Unit : Million Baht % Statements of Comprehensive Income (Separate financial statements) Without Operation of Anika For the three-month periods June 30, % (28.62%) (9.24%) (10.04) (3.24) Service income Gross Profit Net profit Net profit w/o Anika Diff (10.04) (3.24) % 32.00% 31.00% 30.00% 30.00% 20.00% 10.00% 0.00% 32.06% Gross Profit Margin (%) 31.02% % 21.17% Net Profit Margin (%) Gross Profit Margin (%) 14.05% 10.77% Net Profit Margin (%) Net Profit w/o Anika (%)

23 23 Unit : Million Baht 59.83% (20) Service income 58.82% Gross Profit Statements of Comprehensive Income Convert to Baht For the three-month periods June 30, % (1.22) (5.97) (7.19) Gain (Loss) On Exchange Rate (2.70%) 81.26% (0.16) Net profit Net profit w/o Gain (Loss) on Exchange Rate (1.22) (7.19) Diff (5.97) (0.16) % 24.70% 24.60% 24.50% 24.40% 15.00% 10.00% 5.00% 0.00% Gross Profit Margin (%) 24.73% 24.57% Gross Profit Margin (%) Net Profit Margin (%) 10.99% 12.46% 9.11% 5.55% Net Profit Margin (%) Net Profit w/o Gain on ex.rate Margin (%)

24 24 Unit : Million Baht % Statements of Comprehensive Income (Consolidated financial statements) Convert to Baht For the six-month periods June 30, % Service income Gross Profit Net profit 54.38% 70.49% Net profit w/o Gain (Loss) of AMAL Diff % 29.00% 28.00% 27.00% 26.00% 20.00% 10.00% 0.00% 28.88% Gross Profit Margin (%) 27.19% Net Profit Margin (%) 15.79% 16.81% 13.78% 13.28% Net Profit Margin (%) Gross Profit Margin (%) Net Profit w/o Gain (Loss) of AMAL (%)

25 25 Unit : Million Baht % Statements of Comprehensive Income (Separate financial statements) Convert to Baht For the six-month periods June 30, % 29.00% Gross Profit Margin (%) 29.14% % % Service income Gross Profit Net profit Diff % 28.00% 20.00% 18.00% 16.00% 14.00% 28.56% Gross Profit Margin (%) Net Profit Margin (%) 19.06% 16.70% Net Profit Margin (%)

26 26 Unit : Million Baht % Statements of Comprehensive Income (Separate financial statements) Without Operation of Anika For the six-month periods June 30, % 30.00% Gross Profit Margin (%) 30.39% % % 93.57% Service income Gross Profit Net profit Net profit w/o Anika Diff % 28.00% 30.00% 20.00% 10.00% 0.00% 29.14% Net Profit Margin (%) 16.70% 20.77% 19.06% 16.70% Gross Profit Margin (%) Net Profit Margin (%) Net Profit w/o Anika (%)

27 27 Unit : Million Baht % (50) Service income % Gross Profit Statements of Comprehensive Income Convert to Baht For the six-month periods June 30, 2017 (110.17%) 42.13% % (8.33) 6.66 (14.99) (8.29) (23.28) (0.81) Gain (Loss) On Exchange Rate Net profit Net profit w/o Gain (Loss) on Exchange Rate (8.29) (23.28) (0.81) Diff (14.99) (8.33) % 25.00% 20.00% 20.00% 10.00% 0.00% % 13.49% Gross Profit Margin (%) 28.02% 23.69% % Gross Profit Margin (%) Net Profit Margin (%) 11.51% -0.41% Net Profit Margin (%) Net Profit w/o Gain on ex.rate Margin (%)

28 28 Net Profit Analysis Quarter 1 vs Quarter 2, Normal Net Profit Net Profit w/o Gain (Loss) of AMAL Net Profit w/o Anika Baht % Baht % Baht % Baht % Baht % Conso % % % % % Q % % % % % Q % % % % % AMA % % % Q % % % Q % % % AMAL (0.81) (0.42%) % % % Q1 (6.59) (7.22%) % % % Q % % % %

29 29 Net Profit Analysis Quarter 1 vs Quarter 2, Net Profit w/o Gain (Loss) of AMAL, Normal Net Profit Other income (expenses), Anika Baht % Baht % Baht % Baht % Conso % % % % Q % % % % Q % % % % AMA % % % % Q % % % % Q % % % % AMAL (0.81) (0.42%) % % % Q1 (6.59) (7.22%) % % % Q % % % %

30 30 Extraordinary Revenues and Expenses 2Q Insurance claim 6.13 MB - Exchange loss of AMAL 1.22 MB 2Q Anika s expenses MB - Anika s revenues 5.73 MB - Unclaimed VAT 8.96 MB - Exchange loss of AMAL 7.19 MB - Net profit margin w/o extraordinary items 15.65% - Net Profit Margin w/o extraordinary items 15.94%

31 Ratio Analysis (Consolidated financial statements) As at June 30, 2017 USD convert to Baht Different Current Ratio (current assets / current liabilities) (3.14) Quick Ratio (current assets - Inventories / current liabilities) (3.14) Debt to Equity Ratio (Total liabilities / Total shareholders' equity) Return on Asset (ROA) (Net profit / Total assets Avg.) (Net profit - Gain (Loss) on exchange rate/ Total assets Avg.) Return on Equity (ROE) (Net profit / Total shareholders' equity Avg.) (Net profit - Gain (Loss) on exchange rate/ Total shareholders' equity Avg.) Return on Fixed Assets (Net profit +Depreciation / Total fixed assets Avg.) (Net profit - Gain (Loss) on exchange rate + Depreciation / Total fixed assets Avg.) Operation Income Margin (Operation Income / Sales) % (0.46) 2559 (Operation Income - Gain (Loss) on exchange rate / Sales) % (2.93) Gross Profit Margin (Gross Profit / Sales) % (1.69) Interest Bearing Debt (interest-bearing debt / Total shareholders' equity) (1.47) (2.08) (2.45) (3.45) (4.42) (5.34) 31

32 Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

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34 Company Background & Development Nature of Business Operation Result & Financial Position Investment Highlighted Significant Business Operations

35 35 The Continued Growth of Total Revenue Continued Growth of Revenue from marine transportation High Gross Profit Good Level of Net Profit Strong Financial Status D/E is at low level of 0.70 Outstanding of Future Project to Expand the Business Both marine and inland that allow the Company to extend the service routes, variety of delivery goods including backhauling service that will continuously drive the revenue.

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