samudera shipping line ltd annual general meeting

SAMUDERA SHIPPING LINE LTDSAMUDERA SHIPPING LINE LTDSAMUDERA SHIPPING LINE LTDSAMUDERA SHIPPING LINE LTD

ANNUAL GENERAL MEETING ANNUAL GENERAL MEETING ANNUAL GENERAL MEETING ANNUAL GENERAL MEETING

24 April 201324 April 201324 April 201324 April 2013

Corporate OverviewCorporate OverviewCorporate OverviewCorporate Overview

Operations ReviewOperations ReviewOperations ReviewOperations Review

Financial Highlights Financial Highlights Financial Highlights Financial Highlights

Outlook & StrategyOutlook & StrategyOutlook & StrategyOutlook & Strategy







•• Provider of efficient and reliable sea transportation solutions:Provider of efficient and reliable sea transportation solutions:

•• Extensive shipping network covering Indian SubExtensive shipping network covering Indian Sub--continent, South East continent, South East

Asia and Far EastAsia and Far East

•• Established network in IndonesiaEstablished network in Indonesia

Regional Regional

Container ShippingContainer ShippingIndonesia DomesticIndonesia Domestic

Container ShippingContainer Shipping

Bulk Carrier, Bulk Carrier,

Offshore & TankerOffshore & Tanker

Corporate Profile


•• Established feeder services, transporting cargo between SingaporEstablished feeder services, transporting cargo between Singapore e

hub and spoke ports in the region for mainhub and spoke ports in the region for main--line operatorsline operators

•• Liner services, transporting cargo Liner services, transporting cargo

between between portports in the regions in the region for directfor direct

cargo owner cargo owner

•• Fleet of 20 vessels, with total capacity Fleet of 20 vessels, with total capacity

of over 26,000of over 26,000 TEUsTEUs

•• MMore than 2ore than 21 service routes,1 service routes, covering covering

over 5over 500 ports in the regionports in the region

Regional Container Shipping


•• Transport cargo between island ports in Transport cargo between island ports in

IndonesiaIndonesia

•• Fleet of 12 vessels, with total capacity of Fleet of 12 vessels, with total capacity of

~2,900 TEUs~2,900 TEUs

•• 7 service routes from Jakarta and Surabaya 7 service routes from Jakarta and Surabaya

base to outlaying ports in Sumatra, base to outlaying ports in Sumatra,

Kalimantan and Sulawesi islandsKalimantan and Sulawesi islands

•• CapitalizeCapitalizes on extensive network and wide s on extensive network and wide

customer base of parent group, Samudera customer base of parent group, Samudera

IndonesiaIndonesia

Indonesia Domestic Container Shipping


•• Operates a fleet of 18 chemical, gas and Operates a fleet of 18 chemical, gas and

oil tankers, marine offshore support oil tankers, marine offshore support

vessels and dry bulk carriersvessels and dry bulk carriers

•• Holds a 25% interest in an 145,700 cbm Holds a 25% interest in an 145,700 cbm

LNG vesselLNG vessel

•• Vessels chartered out on timeVessels chartered out on time charter, charter,

voyage charter voyage charter andand contracts of contracts of

affreightment affreightment

•• Offshore support services comprise Offshore support services comprise

harbour tug services and operation harbour tug services and operation

managementmanagement

Bulk Carrier, Offshore & Tanker









SAMUDERA SHIPPING LINE LIMITEDSAMUDERA SHIPPING LINE LIMITEDSAMUDERA SHIPPING LINE LIMITEDSAMUDERA SHIPPING LINE LIMITED


Regional Container ShippingRegional Container Shipping

��Improved vessel utilization by carrying more carrierImproved vessel utilization by carrying more carrier--owned containers (COC)owned containers (COC)

��More slot swap arrangements with other regional carriersMore slot swap arrangements with other regional carriers

‒‒ better utilize capacitybetter utilize capacity

‒‒ widen service networkwiden service network

��More direct calls & dedicated feeder by main line operatorMore direct calls & dedicated feeder by main line operator

��Increase in bunker price Increase in bunker price

Indonesia Domestic Container ShippingIndonesia Domestic Container Shipping

��Improved vessel turnaround timeImproved vessel turnaround time

��Handled higher amount of cargo volumeHandled higher amount of cargo volume

��Significant increase in bunker (marine gas oil) costSignificant increase in bunker (marine gas oil) cost

Operational Review – 2012 vs 2011


Bulk Carrier, Offshore & TankerBulk Carrier, Offshore & Tanker

��Secured longSecured long--term service contract for vessel operation managementterm service contract for vessel operation management

��Disposed of 4 selfDisposed of 4 self--propelled bargespropelled barges

��Decrease in revenue mainly due to:Decrease in revenue mainly due to:

‒‒ decline in charter rates decline in charter rates

‒‒ lower number of vessels operated following the abovelower number of vessels operated following the above--mentioned mentioned

disposaldisposal

Operational Review – 2012 vs 2011


Regional*Regional*Indonesia Indonesia

DomesticDomestic

Bulk Carrier, Bulk Carrier,

Offshore & TankerOffshore & Tanker

RevenueRevenue

CostCost

PBT (US$PBT (US$’’000)000)

*Includes contribution from forwarding and agency business*Includes contribution from forwarding and agency business

Segmental Results

5.5%5.5% 9.0%9.0% 12.6%12.6%

5.5%5.5% 21.5%21.5% 12.6%12.6%

US$ 821US$ 821

14.4%14.4%

US$3,406US$3,406

62.5%62.5%

US$3,066US$3,066

26.8%26.8%

GroupGroup

3.0%3.0%

4.7%4.7%

49.2%49.2%

US$7,293US$7,293

Total Assets Total Assets

(US$(US$’’000)000)

US$244,097US$244,097 US$27,239US$27,239 US$212,046US$212,046 US$483,382US$483,382

1.3%1.3% 7.2%7.2% 8.8%8.8% 3.1%3.1%


•• Uncertainties in worldUncertainties in world’’s major economies likely to impede growth in trade activitys major economies likely to impede growth in trade activity

•• Bunker prices expected to remain highBunker prices expected to remain high

•• Regional container shippingRegional container shipping

−− vessel ovessel oversupply versupply leading to leading to increased competition in the intraincreased competition in the intra--Asia routes Asia routes

−− more mainmore main--line operators deploying idle capacity in the regionline operators deploying idle capacity in the region

−− pressure on freight ratespressure on freight rates

•• Indonesia domestic container shippingIndonesia domestic container shipping

−− expected increased in cargo volumeexpected increased in cargo volume

−− stricter implementation of cabotage lawstricter implementation of cabotage law

•• Bulk carrier, offshore and tankerBulk carrier, offshore and tanker

−− stable freight and charter rates for chemical and oil tankers instable freight and charter rates for chemical and oil tankers in Indonesia Indonesia

domestic marketdomestic market

−− increased opportunities in offshore support business in Indonesiincreased opportunities in offshore support business in Indonesiaa

−− continued oversupply of dry bulk vessels in international marketcontinued oversupply of dry bulk vessels in international market

External Operating Conditions


Following up on strategic review carried out in FY2012:Following up on strategic review carried out in FY2012:

••Improve operational productivityImprove operational productivity

−− fleet utilizationfleet utilization

−− service network flexibilityservice network flexibility

••Grow offshore support operationsGrow offshore support operations

−− increase participation in offshore support businessincrease participation in offshore support business

••Rebalance asset portfolioRebalance asset portfolio

−− focus on business sectors with potential for higher returns focus on business sectors with potential for higher returns

and growthand growth

−− evaluate alternatives to enter into other business segmentsevaluate alternatives to enter into other business segments

••Fund raisingFund raising

−− explore various funding options explore various funding options

−− await more favourable conditions before initiating the await more favourable conditions before initiating the

relevant optionsrelevant options

Going Forward


Disclaimer

The information in this document has not been independently verified. No representation or warranty expressed or implied is madeas to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein.

This document and the information contained herein is not an offer to sell securities in Singapore. Any public offering of securities to be made in Singapore will be made by means of an offer document that will contain detailed information about the Company and itsmanagement, as well as financial statements in compliance with all relevant laws. No money, securities or other consideration isbeing solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted.

This document is being furnished to you solely for your information on a confidential basis and may not be reproduced, redistributed or passed on, in whole or in part, to any other person. In particular, neither this document nor any copy thereof may be taken or transmitted or distributed, directly or indirectly into Canada, Australia or Japan to any resident thereof or into the United States. The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restriction. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdiction. By accepting this document you agree to be bound by the foregoing limitations.

This document does not constitute or form part of an offer or invitation to sell or the solicitation of an offer or invitation to subscribe for any shares in the Company, neither shall it or any part of it form the basis of or be relied upon in connection with any contract or commitment whatsoever.

This document may contain forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements.

None of the Group, its respective affiliates, advisors, representatives nor any other person is representing or warranting that the future results, performance or achievements of the Group will be as discussed in such forward-looking statements.


Annual General Meeting

Resolutions:Resolutions:

1.1.DirectorsDirectors’’ Report and Audited Accounts for the year ended 31 December 2012Report and Audited Accounts for the year ended 31 December 2012

2.2.Payment of proposed final onePayment of proposed final one--tier tax exempt dividendtier tax exempt dividend

3.3.ReRe--election ofelection of Mr Masli MuliaMr Masli Mulia as a Directoras a Director

4.4.ReRe--election ofelection of Mr TorkisMr Torkis DavidDavid Parlaungan BatubaraParlaungan Batubara as a Directoras a Director

5.5.ReRe--election ofelection of Mr Hermawan FridianaMr Hermawan Fridiana Herman as a DirectorHerman as a Director

6.6.ReRe--election ofelection of MrMr LimLim Kee HeeKee Hee as a Directoras a Director

7.7.Approval of DirectorsApproval of Directors’’ fees amounting to S$162,000fees amounting to S$162,000

8.8.ReRe--appointment of Messrs Deloitte &appointment of Messrs Deloitte & ToucheTouche LLP as AuditorsLLP as Auditors

9.9.Authority to issue new sharesAuthority to issue new shares

10.10.Renewal of ShareholdersRenewal of Shareholders’’ Mandate for Interested Person TransactionsMandate for Interested Person Transactions

samudera shipping line ltd annual general meeting

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