The Great Eastern Shipping Co. Ltd. Business & Financial Review February 2015 1
Forward Looking Statements Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief or current expectations of GE Shipping…
Corporate Profile The Great Eastern Shipping Co. Ltd. Incorporated in 1948 Shipping Business Offshore Business Wet bulk Through subsidiary Greatship (India) Limited - Logistics Crude Tankers Product Tankers - Drilling…
Company at a glance Indias largest private sector Shipping Company Diverse asset base with global operations Completed 66 years of operations Over 30 years of uninterrupted dividend track record Shareholding Pattern as on December 31,…
Shipping business- CAPEX plan Vessels on Order Vessel Yard CAPEX: USD 180 mnExpected Total committed ADD YR Delivery WISE 1 Medium Range Product TankerCAPEX BRK UP) STX Group Q4FY16 2 Kamsarmax Dry Bulk Carriers Tsuneishi…
Asset Price Movement 20 year High /Low: (5 year old assets) (Amt in mn) High Low Current Tankers 165 49 VLCC 81 (2008) (1994) 105 32 Suezmax 60 (2008) (1993) 46 20 MR 25 (2007) (1999) Dry Bulk 155 25 Capesize 36 (2008)…
BDTI & BCTI Movement (Jan 2005 to Jan 2015) BDTI BCTI 2500 Uptick in demand post refinery maintenance Seasonal pick-up in demand for heating during winter 2000 Stocking/Storage due to low oil prices & contango Weather-related…
Pressure on oil prices could continue as OPEC decides to maintain production levels even at lower prices Most oil analysts predict that oil surplus is likely to persist, atleast in H1 2015 This could lead to continued…
Lower oil prices support stocking/storage.. Steep contango could lead to floating storage China crude oil imports Rising imports from China Low oil prices and filling of the SPR Brent contango Steepness of contango along with…
Significant new Refining capacity additions coming up in Asia and Middle East The latest IEA report (June) expects about 1.4m1.5m bpd of added global refining capacity annually for 20142017. Asia-Pacific and Middle East to account…
Leading to overcapacity, potential closures in the OECD region, lower utilization along with scaling back of certain planned expansions Refining Capacity Rationalization Chinese CDU expansions vs. previous projections Expansion…
Growing Product trade Changing trade patterns 16 Source: Industry Reports
BDI Movement (Jan 2001 to Jan 2015) 14000 China announces 586 bn stimulus 12000 In Q4 2014, Cargo growth but Chinas iron ore 10000 2008 market record NB import growth crash, BDI deliveries slowed 8000 dropped by 94% 6000…
Seaborne Bulk Trade growing steadily 5000 4500 Global dry bulk seaborne trade reached 4.5 bn tons in 2014 4000 3500 Contribution to seaborne trade growth by commodity 3000 2500 81% 2000 1500 1000 500 0 15% Mn.tons 8%…
Dry Bulk Trade Driven by Iron Ore Volumes Total Seaborne Iron Ore Supply (mt) Until 2016, iron ore Australia Brazil India RoW seaborne trade will 1000 be a function of 900 available 800 international 700 supplies 600…
Dry Bulk TradeChina ore import substitution continues 1000 mn tonnes Imported Iron Ore 933 Continued import 820 744 800 628 619 686 substitution led to higher 600 326 383 444 imports 400 275 208 200 92 111 148 Increasing share…
Dry Bulk Trade Lack luster Chinese coal imports take the sheen off ...India to become the growth driver.. China coal imports (mt) India coal imports (mt) 40 168 168 35 146 139 30 25 103 20 73 69 15 59 10 5 0 FY09…
Dry Bulk Trade Indonesian bauxite & nickel ore exports plunged to zero following the ban China bauxite imports China nickel ore imports Slow pick-up in trade growth on account of pre-ban stocking by China China could secure…
Scrapping too little to cheer Scrapping as % of world fleet (year wise) Fleet as on Scrapping Vessel Category CY2012 CY2013 1st Jan 2015 2014 (in mn dwt) (in mn dwt) 366 6 Crude 3% 2% 142 2.3 Product 2% 2% 756 15.9 Bulk 5% 3%…
Greatship (India) Limited (a 100% subsidiary) Business & Financial Review December 2014 25
Offshore business- Fleet Profile The Greatship Group Current Owned Fleet 3 Jack Up Rigs (350ft) 5 Platform Supply Vessels (PSV) 9 Anchor Handling Tug cum Supply Vessels (AHTSV) 2 Multipurpose Platform Supply and Support…
Greatships Modern & Technologically Advanced Fleet Young Fleet Young fleet with an average age of approx. 4 years by FY 2013-14 - Higher utilization rates Revenue Demand shifting to modern vessels, especially as Efficiencies -…
Offshore Service Value Chain Exploration Development Production Length of - 3 to 5 years - 2 to 4 years - 5 to 55 years Typical Cycle - Collection of survey data - Construction & installation of - Management of oil & gas…
E&P spending to decline in response to lower oil prices Barclays E&P survey Low oil prices has led to E&P spending cut announcements Impact likely to be higher on Deep and Ultra deepwater projects. However, day rates…
Global Fleet Supply Offshore (Nos) Jackup AHTSVs PSV / Rigs Supply Current Fleet 504 2,039 1,463 Orderbook 135 178 344 % of O/B to 29% 9% 24% current fleet High fleet growth to impact rates However, utilization for…
FINANCIAL HIGHLIGHTS Q3 FY 2015 31
Q3FY 2015 Financial Highlights Standalone Key Figures Consolidated Q3FY'15 Q3FY'14 9MFY'15 (Amount in Rs. crs) Q3FY'15 Q3FY'14 9MFY'15 Income Statement 512.52 415.43 1555.31 Revenue (including other income) 944.25 792.99 2810.66…
Q3 FY 2015 Performance Highlights Breakup of revenue days Revenue Days Q3FY15 Q3FY14 Owned Tonnage 2,547 2,599 Inchartered Tonnage 0 0 Total Revenue Days 2,547 2,599 Total Owned Tonnage (mn.dwt)* 2.45 2.42 * As on 31st…
Book Value & Net Asset Value (NAV) comparison Last 4 quarters Consol. Book Consol. NAV Value (Rs. Per share) (Rs. Per share) December 2014 496 557 September 2014 480 558 June 2014 468 560 March 2014 449 550 35
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