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1
Sealink International Berhad
Company Presentation
2
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
3
BUSINESS AND FINANCIAL UPDATE - SIB Group
4
FINANCIAL HIGHLIGHTS
5
HIGHLIGHTS – financials 2010 - 2013
6
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
7
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
8
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
9
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
10
Ship Owner
Ship Repair
Ship Builder
Chartering
Shipbuilding Ship repair
11
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
13
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
14
• 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
15
16
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
17
Australia
Singapore
Malaysia
Egypt
Norway
USA
Netherlands
Fiji Islands
Germany
UAE
PNG
India
China
New Zealand
Korea
Bahrain Vanuatu
Africa
Brunei
17
PICTURES
18
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
28
Tugboats
29
Superior Pacesetter- SSS119
• Type : 38M tugboat
• Year built : 2006
ASL Triaksa
• Type: : 38M tugboat
• Year Built : 2005
30
Landing Crafts
31
Godri Indah – S137
• Type : 72.8M landing craft
• Year Built : 2009
Godri Tiga
• Type : 78M landing craft
• Year Built : 2012
32
Barges
33
Sealink Pacific 330 – SSS136
• Type : 100.65 Dumb Barge
• Year Built : 2006
Sealink Pacific 389
• Type : 86 Dumb Barge
• Year Built : 2006
34
Anchor Handling Tug
35
Sealink Maju 25 - SSS156
• Type : 38M AHT
• Year Built : 2008
Jason Dua– SSS203
• Type : 48M AHT
• Year Built : 2012
36
OMS Quest – SSS132
• Type : 48M AHT
• Year Built : 2006
Jason Pertama – SSS133
• Type : 48M AHT
• Year Built : 2009
37
Utility Vessels/ Multi Purpose Vessels
38
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
39
Sealink Victoria 3 / Victory G
Type : 53M MPV
Year Built : June 2004
40 4 more 53M MPVs sold to the same client
41
Roxanne 43 / 49
• Type : 58M MPV
• Year Built : 2011
• Type : 58M MPV
• Year Built : 2010
42
Anchor Handling Tug and Supply Vessels
43
SSS160
• Type : 61M AHTS (DP1)
• Year Built : 2009
PIMIS 3308 – SSS138
• Type : 67M AHTS (DP2)
• Year Built : 2008
44
Sealink Asia 101
• Type : 67M AHTS (DP2)
• Year Built : 2011
Sealink 161 – SSS161
• Type : 61M AHTS (DP1)
• Year Built : 2011
45
Sealink 178 – SSS178
• Type : 85M hybrid AHTS (DP2)
• Year Built: 2012
Thank You
Sealink International Berhad