sealink international berhad company presentation - sias - sealink.pdf · sealink international...

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Sealink International Berhad

Company Presentation

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Sealink International Berhad Group (“SIB”) is an Integrated Service

Provider which owns, operates and builds a diverse fleet of offshore marine

support vessels (“OSV”), serving the global offshore oil and gas exploration

and production industry. SIB started operations as a tug and barge operator

and has shifted its focus on a variety of other OSVs.

SIB has a young fleet of marine support vessels predominantly focused on

the global oil & gas sector. Its vessels cater to a wide base of reputable

clients from all parts of the world.

SIB owns two shipyards, located in Miri, Sarawak.

INTRODUCTION

SECTIONS

1. Business and Financial Update

2. Highlights

3. Pictures

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BUSINESS AND FINANCIAL UPDATE - SIB Group

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FINANCIAL HIGHLIGHTS

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HIGHLIGHTS – financials 2010 - 2013

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Financials Results

-50,000

-

50,000

100,000

150,000

200,000

250,000

2010 2011 2012 2013

Revenue

Cost of Sales

Gross Profit

PBT

PAT

FINANCIAL HIGHLIGHTS-contd

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Segmental Revenue

-

50,000

100,000

150,000

200,000

250,000

2010 2011 2012 2013

Shipbuilding

Chartering

RM’000

Segmental Revenue - Quarterly

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

1Q2013 2Q2013 3Q2013 4Q2013 1Q2014

Chartering

Shipbuilding

RM’000

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FINANCIAL HIGHLIGHTS-contd

Margins Analysis

GP Margin

PBT Margin

PAT Margin

-10.0%

0.0%

10.0%

20.0%

30.0%

20102011

20122013

GP Margin

PBT Margin

PAT Margin

Gross Profit

NPAT -

5,000

10,000

15,000

20,000

25,000

1Q2013 2Q20133Q2013

4Q20131Q2014

Gross Profit

NPAT

Margins Analysis - Quarterly RM’000

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SIB is a leading offshore marine support vessel

provider in Malaysia

Listed on the Main Market of Bursa Securities, Malaysian Stock Exchange on 29

July 2008 under ticker “SEALINK”

One of the first Integrated Service Provider in Malaysia

Has a strong and diverse fleet of 42 vessels for the oil and gas industry

The directors and senior management has approx 40 years experience in the

offshore marine support vessel industry

One of the largest shipyards in Malaysia building advanced Offshore Support

Vessels

SIB is able to built some of the most advanced vessels in Malaysia

We built quality vessels which are sold worldwide, main market is Europe

Sealink Group Structure- Integrated Service Provider

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Ship Owner

Ship Repair

Ship Builder

Chartering

Shipbuilding Ship repair

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Benefits of the Integrated Service Provider Model

SIB has a strong strategic planning team that is able to evaluate the following :-

o current usage for OSVs in the different parts of the world

o evaluating the types of OSVs required for future use

o incorporate new designs and latest requirements into the new OSVs

The OSVs designed and constructed by SIB are more durable and user friendly

as SIB constantly improves its designs based on continuous feedbacks from our

Chartering Division

SIB is able to customise the OSVs to suit the needs of charterers / buyers as

SIB has its own fabrication yard

SIB is able to implement a “Build and Sell” and charter strategy for its OSVs as

SIB fully understands the market dynamics

BUSINESS UPDATE - Chartering Division

• The long term order book from the above vessels are approximately RM235m ranging from

1 year to 7 years

• Approx 60% of the revenue p.a. are from long term charters

• Approx 20% of our revenue are from operations outside Malaysia

• Most of the 42 vessels are being chartered out except for 3 vessels for SIB’s own use

• SIB would increase and modernise its chartering fleet to cater for the deeper water

operations.

• SIB has a young fleet of vessels with an average age of around than 6 years

• SIB had taken delivery of 2 hybrid multi purpose AHTS

• SIB’s fleet of vessels can be utilised for all O&G activities from exploration, construction,

production and decommissioning 12

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BUSINESS UPDATE – Types of vessels

Types of Vessels No

Tugboat 6

Anchor Handling Tug 4

Landing Craft 6

Barges 6

Utility Vessels / MPV 16

Platform Supply Vessels / Hybrid

3

Crew Boat 1

TOTAL 42

BUSINESS UPDATE – Shipbuilding Division

• The value of the vessels under consideration are approx RM500m

•The vessels are expected to complete within the next 6-18 months

•Approx 30% -40% of above vessels will be retained for the chartering division for expansion

and modernisation whilst remaining will be sold

• We will construct more hybrid PSVs to cater to the deep water requirements

•Venturing into hybrid vessels

•Good relationship with other shipyards in region

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• SIB owns 2 fabrication yards in Miri, Sarawak for the building of vessels as follows:

(i) Krokop Yard measuring 11,000 m2

(ii) Kuala Baram Yard measuring 240,000 m2

• Key Production Facilities:

(i) 10 building berths (able to accommodate vessels sizes of up to 100m)

(ii) Fabrication buildings and workshops with overhead cranes

(iii) Complete set of heavy lifting equipment, ie 250 MT crawler cranes

(iv) Storage and metal fabrication facilities

(v) Slipway to accommodate and repair vessels up to 100m

(vi) Plasmacutter for cutting steel

(vii) Shipconstructor software to manage all 3D design work

BUSINESS UPDATE – Fabrication Yards

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BUSINESS UPDATE – types of vessels built

KEY

AHT - Anchor Handling Tugboats

MPV - Utility / Multi Purpose Vessels

AHTS - Anchor Handling Tug and Supply Vessels (DP1 and DP2)

PSV - Platform Supply Vessels

HYBRID - Diesel Electric powered vessels (under consideration)

CWB - Construction Work Boat

DSV - Diving Support Vessel

SIB have built a total of over 60 vessels for the oil and gas industry

Tugboat

and Barge

Landing

Craft MPV AHT

AHTS

(DP1

AND

DP2)

PSV HYBRID

1997 2005 2010 2015 YEAR

CWB DSV

BUSINESS UPDATE – global customers

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Australia

Singapore

Malaysia

Egypt

Norway

USA

Netherlands

Fiji Islands

Germany

UAE

PNG

India

China

New Zealand

Korea

Bahrain Vanuatu

Africa

Brunei

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PICTURES

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View of a AHT in operation 19

A Multi Purpose Vessel with fire fighting facilities 20

A view of the equipment in the wheel house 21

Launching a barge form the shipyard 22

Construction of a AHTS in progress 23

Construction of a landing craft in progress 24

View of a partly completed vessel 25

26 Launching our largest vessel - 67m AHTS on 28 August 2008

27 Launching our largest vessel - 67m AHTS DPII on 28 August 2008

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Tugboats

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Superior Pacesetter- SSS119

• Type : 38M tugboat

• Year built : 2006

ASL Triaksa

• Type: : 38M tugboat

• Year Built : 2005

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Landing Crafts

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Godri Indah – S137

• Type : 72.8M landing craft

• Year Built : 2009

Godri Tiga

• Type : 78M landing craft

• Year Built : 2012

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Barges

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Sealink Pacific 330 – SSS136

• Type : 100.65 Dumb Barge

• Year Built : 2006

Sealink Pacific 389

• Type : 86 Dumb Barge

• Year Built : 2006

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Anchor Handling Tug

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Sealink Maju 25 - SSS156

• Type : 38M AHT

• Year Built : 2008

Jason Dua– SSS203

• Type : 48M AHT

• Year Built : 2012

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OMS Quest – SSS132

• Type : 48M AHT

• Year Built : 2006

Jason Pertama – SSS133

• Type : 48M AHT

• Year Built : 2009

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Utility Vessels/ Multi Purpose Vessels

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Tanux III – SSS128

• Type : 48M UV

• Year Built : October 2005

Vanessa 12 - SSS164

• Type : 48M MPV

• Year Built : 2008

Vanessa 17 - SSS165

• Type : 48M MPV

• Year Built : 2009

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Sealink Victoria 3 / Victory G

Type : 53M MPV

Year Built : June 2004

40 4 more 53M MPVs sold to the same client

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Roxanne 43 / 49

• Type : 58M MPV

• Year Built : 2011

• Type : 58M MPV

• Year Built : 2010

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Anchor Handling Tug and Supply Vessels

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SSS160

• Type : 61M AHTS (DP1)

• Year Built : 2009

PIMIS 3308 – SSS138

• Type : 67M AHTS (DP2)

• Year Built : 2008

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Sealink Asia 101

• Type : 67M AHTS (DP2)

• Year Built : 2011

Sealink 161 – SSS161

• Type : 61M AHTS (DP1)

• Year Built : 2011

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Sealink 178 – SSS178

• Type : 85M hybrid AHTS (DP2)

• Year Built: 2012

Thank You

Sealink International Berhad