factsheet : chinese shipleasing industry...established in april of 2008. shipping . aviation....
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Factsheet : Chinese ShipLeasing Industry
M i n s h e n g F i n a n c i a l L e a s i n g C o . , L t d .
1.Chinese Leasing Port fol io – at a glance
213%
149%139%
74%
98%112%
40%
82%
43%33%
0%
50%
100%
150%
200%
250%
0
50
100
150
200
250
300
350
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
billi
on R
MB
Portfolio Size Year to year %
Portfolio size around 43 billion USD
at the end of 2018.
CAGR higher than 90% during last ten
years.
2. Chinese Leasing Port fol io Composit ion
Broadened Geographical Portfolio Composition
Increased Sophistication Increased Diversification
75%
25%
International Assets Domestic Assets
56%
44%
Operating Leasing Financial Leasing
19%
28%
14%
16%
23%
Bulker Containership Tanker Offshore Others
3. Dominant Players
12
9.2
65.3
3.2
1.7
5.2
3.2
2.1
0
2
4
6
8
10
12
14
ICBC LEASING BOCOMM LEASING MINSHENG LEASING CMB LEASING CDB LEASING CCB LEASING COSCO LEASING CSSC LEASING AVIC LEASING
Billi
on U
SD
Leasing with Banking background –Advantage being pricing, scalability, large bitesize - brand recognized among shipowning and end-user community
Leasing with Industry background –Advantage being an internally generated demand, integrated shipmanagement and operating capability
Established in April of 2008
Shipping Aviation
EquipmentVehicles
Received “AAA” rating from China professional credit rating agency, which is approved by People’s Bank of China.
At the end of 2018, registered capital over 5 billion RMB, total asset over 170 billion RMB.
Majority owned by the global top 30 Banking group - China Minsheng Banking Corp. Ltd. (Assets in excess of USD 1. Trill)
One of the first five leasing enterprises with banking background.
4 .Minsheng Financial Leasing
Known for being amongst the most
professional shipleasing firms in China
The pioneer of China shipleasing industry
4 .Minsheng Financial Leasing
Deal of Year Awarded by 2014 & 2018 Marine Money
First direct leasing project for a part of a property
China’s first fishing vessel leasing project
Partner in China’s first syndicated leasing project
China’s first international jack-up rig leasing project
0.30.7 1.0
1.72.4
3.0
4.0 4.1
5.6 5.6 5.9
0
1
2
3
4
5
6
7
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Assets of Shipping Leasing DivisionBillion USDWell-placed to monetize on the industry
funding gap
End of 2018
4.Minsheng Financial Leasing
Bulker Containership Tanker Special Tonnage
Assets(Billion USD)1.48 2.08 1.30 1.04
(%) 25.1% 35.3% 22.0% 17.6%Fleet(Numbers)
(%)
Core Assets
84 64 44 63
32.9% 25.1% 17.3% 24.7%
82K Bulker76K Bulker64K Bulker 57K Bulker51K Bulker
22000TEU19000TEU18000TEU13900TEU11800TEU
VLCCProducts Tanker
Chemical & oil Asp.& Bit.
Jack-UPPSV
AHTS LPG Carries
4.Minsheng Financial Leasing – Recent Deals
Criteria
5 . ‘Asset Heavy’ Appet i te
A
B
C
D
Stable cash flow: charter from majors preferred; decent DSCR
Reputable counterparty: track record; Healthy financial status
High-spec Asset: acceptable for Tier 1 players
Refinancing possibility
Drawdown of 2019/2018
6 . Industr ia l Out look
10
11
12
13
14
15
2018 2019E
Billi
on U
SD
Assets Operator
Financial Provider
Assets Investor
