Bintulu Port Holdings Berhad18 Annual General Meeting · 2015-11-30 · 2. Strategies and Way...
Transcript of Bintulu Port Holdings Berhad18 Annual General Meeting · 2015-11-30 · 2. Strategies and Way...
Bintulu Port Holdings Berhad18th Annual General Meeting
9th May 2014
Aerial View of Bintulu Port Sdn Bhd
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Aerial View of Biport Bulkers Sdn Bhd
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Aerial View of Samalaju Industrial Port Sdn Bhd
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Items 2012 2013 % Of change
Cargo (Million Tonnes) LNG
Non-LNG
41,157 23,529
17,628
43,805 25,479
18,326
6.4 8.3
3.4
Container (TEUs) 231,053 250,353 8.4
Vessel Calls 7,581 8,239 8.7
Cargo and Vessel Performance for 2012 & 2013
LNG 23.529
(57%)
LIQUID BULK
CARGO 7.891 (19%)
DRY BULK CARGO
2.623 (7%)
BREAK BULK
CARGO 2.136 (5%)
CONTAINERISED
3.850 (9%)
LOGS
1.237 (3%)
2012
Cargo Market Share
(‘000 Million Tonnes)
LNG
25.479 (58%)
LIQUID BULK
CARGO 8.873 (20%)
DRY BULK CARGO
3.116 (7%)
BREAK BULK
CARGO 1.430 (3%)
CONTAINERISED
4.068 (10%)
LOGS 0.838
(2%)
2013
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Cargo Performance Breakdown for 2012 & 2013
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Category of cargo
('000) tonnes
2012
Actual
2013
Actual % Of change
LNG 23,529 25,479 8.3%
Liquid bulk cargo 7,892 8,873 12.4%
Dry bulk cargo 2,621 3,116 18.9%
Containerized cargo 3,847 4,069 5.7%
Break bulk & Other Cargoes 3,268 2,268 -30.6%
Grand total 41,157 43,805 6.4%
Reason for shortfalls of Break Bulk & Other Cargoes (Question 1 – EPF) :
1. Downward trend of woodbased product which is sawn timber and plywood.
2. Buyers are sourcing from other competing countries (China, Papua New Guinea, New
Zealand)
3. Conversion of break bulk cargo especially project cargo into container.
Financial Statement for 2012 & 2013
Description 2012 (RM Million) 2013 (RM Million)
Operating Revenue 506.209 529.778
Expenditure (Lease Rental/Amortization about
48% of total expenditure)
(340.524) 134.9
(356.206) 128.5
PBT 178.571 188.173
Taxation (32.183) (30.468)
PAT 146.388 157.705
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Key Highlight Matters
MATTERS RELATED TO CARGO PERFORMANCES, STRATEGIES, TARGETS AND WAY FORWARD
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1. Cargo Performance (Question 1 – EPF & MSWG)
• Bintulu Port registered total cargo growth of 6.41% from 2012 to 2013 (41.157 million
tonnes to 43.805 million tonnes).
• Vessel call registered growth of 8.7% from 2012 to 2013 (7,581 calls to 8,239 calls).
• We are expecting an annual average cargo growth of 4% for the next 5 years.
2. Strategies and Way Forward (Question 1 – EPF, Question 1a - MSWG)
i. The Company had identified palm oil products, dry bulk cargoes, containerized cargoes
and oil & gas services as its four (4) major growth sectors.
ii. Continuously improving operational productivity and efficiency.
iii. Build and enhance capacities.
iv. Ensure cost effectiveness of port operations.
• Palm oil plantation for Sarawak is expected to grow from 1.32 million hectare in 2014 to 2.00
million hectare in 2020.
• The existing 4 palm oil refineries are increasing their capacity to cater for the increase in demand.
• The growth of Palm Oil is encourage by strong demand from China and India markets and opening
new market from Philippines and Africa.
• Bintulu Port is developing a new berth facility of 150m Small Vessel Berth schedule to be
completed by 2015.
• Biport Bulkers is increasing the storage and bulking capacities from 60 units to 85 units of storage
tanks and schedule to complete in Quarter 3 2014. The total capacity will be 154,000 tonnes.
• Bintulu Port is targeting to handle 3.43 million tonnes of Palm oil for 2014 which is 5% higher
compare to 3.27 million tonnes in 2013.
a. Palm Oil Sector
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Key Highlight Matters - Major Growth Sector
Fertilizer
• The growth of fertilizer volume is in tandem with the development of the palm oil industry.
• To cater for the increase demand of fertilizer, Bintulu Port planned to provide additional capacity
and facilities.
Clinker
• Cement materials is expected to increase due to extensive regional development of Bintulu and
Samalaju Industrial Park.
Palm Kernel Expeller
• The demand is expected to grow based on the continuous export to countries like New Zealand,
Australia, India, Korea and Japan mainly for livestock feed.
Woodchips
• Increase demand for woodchip from Japanese and China paper manufacturers.
Cargo Projections for 2014
• Bulk Fertilizer - 600,000 MT (Average Annual Growth 4% for the next 5 years)
• Clinker - 550,000 MT (Average Annual Growth 5% for the next 5 years)
• Palm Kernel Expeller - 327,000 MT (Average Annual Growth 9% for the next 5 years)
• Woodchips - 250,000 MT (Average Annual Growth 15% for the next 5 years)
b. Dry Bulk Sector (Fertilizer, Clinker, Palm Kernel Expeller and Woodchips)
Key Highlight Matters - Major Growth Sector
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• Container sector is forecasted to grow more than national GDP due to:
Strong local box growth in tandem to the development of Bintulu Town and Samalaju
Industrial Park.
New SCORE generated cargo and Inbound project cargo. (Press Metal, OM Holdings,
Pertama Ferroalloys, MLNG Train 9, Elkem and others)
Transhipment volume from Sabah and Sarawak.
• Continuous improvement to the Terminal’s productivity and efficiency
– Vessel turnaround at berth has improved from 15 hours in 2012 to 10 hours in 2013.
– New Terminal operation system, Navis SPARCS N4 by Quarter 3 2014.
• Bintulu Port is targeted to handle about 284,000 TEUs in 2014 and increase of 13% as compared
to 2013 throughput of 250,353 TEUs. (Average Annual Growth 7% for the next 5 years)
c. Container Sector
Key Highlight Matters - Major Growth Sector
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• Strong demand for Supply Base services and facilities to cater for production and exploration
activities off Bintulu Waters with the discovery of more blocks.
• Bintulu Port has been granted PETRONAS SUPPLY BASE License and is now providing
facilities and service for Supply Based Operation in Bintulu Port.
• The facilities and services comprises of storage area, passenger terminal, fresh water supply
and bunkering facilities. Among the main Oil & Gas Players now that are using Bintulu Port
Supply Base facilities and services are Murphy Sarawak Oil Corporation and PETRONAS
Carigali.
Key Highlight Matters – Major Growth Sector
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d. Oil and Gas Sector
Murphy Sarawak Oil Corp
45 Meter Berth / Fuel
Bunker / Water Supply
Passenger Terminal
Key Highlight Matters – Samalaju Industrial Port Sdn Bhd
MATTERS RELATED TO SAMALAJU INDUSTRIAL PORT SDN BHD, FACILITIES & SERVICE AND FUTURE PROSPECT
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1. Samalaju Industrial Port Operation (Question 2a – EPF, Question 1b & 2 - MSWG)
• Samalaju Port started interim operation on 21st April 2014 with 2 barge berths and 1
Ro-Ro Ramp. For the 1st operation, the Port handled 30 TEUs container shipment and
anode carbon of 3,690 tonnes.
• The overall wharf length is 320 metres with draft alongside of 7 metres which can cater
maximum capacity of 8,000 tonnes vessel.
• Samalaju Port is expected to handle up to 450,000 tonnes of cargoes in 2014.
• On going marketing campaign to attract the customers (investor and shipping
companies) to utilize the interim facilities.
• There will be two (2) construction works to be tendered/awarded as shown below:
No Contract Title Physical Progress
Schedule Actual Variance
1. Capital Dredging and Reclamation Package for Phase 1 work 35.6 30.92 -4.68
2. Breakwater and Associated Works Package for Phase 1 6.44 4.73 -1.71
3. Onshore Facilities for Phase 1 works 4.47 4.36 -0.11
4. Wharf and Associate Works for Phase 1 works 3.79 0.71 -3.08
5. HV/LV and Navigation Aids works package for Phase 1 Works Date of commencement of work is 1st April 2014.
Key Highlight Matters – Samalaju Industrial Port Sdn Bhd
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2. Status of Construction Progress (Question 2b – EPF)
• As of 25th April 2014 overall physical progress of Phase 1 development of Samalaju Industrial Port is
25.22% (Actual) vs 28.00% (Scheduled).
• Details of works progress for Phase 1 individual tender packages are:
No Title of Tender Status
1. Conveyor System Facilities Package for Phase 1 Works Under evaluation process
2. Administration Building and Associated Works Package To be tendered out in May 2014
Key Highlight Matters – Samalaju Industrial Port Sdn Bhd
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2012/2013 2014 2015 2016 2017 2018
Cargo Throughput
('000 Tonnes) - 0.450 2,105 5,890 9,168 9,278
Operating Revenue
(RM’000) - 6,573 13,852 16,252 199,335 201,828
CAPEX (RM’000) (314,503) (706,744) (706,636) (109,335) - -
3. Cargo Projection, Operating Revenue and CAPEX (Question 2c & 3a - EPF)
• The Projected Cargo Throughput, Operating Revenue and CAPEX for 2014 to 2018.
4. Key Risk (Question 2c - EPF)
1. Targeted cargo volume not achieved.
2. Delay in the Samalaju Industrial Park investors’ project implementation.
Key Highlight Matters– Samalaju Industrial Park
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Investors & Projects
Land
Area
(ha)
Status
Cargo
Projection
(‘000 Tonnes)
Tokuyama Malaysia Sdn Bhd 202 Phase 1 and 2 completed and in
production trial. 0.621
Press Metal Bintulu Sdn Bhd 202 Completed and commercial production
since December 2012. 1.102
Pertama Ferroalloys Sdn Bhd 183 Construction stage (70%) and expected
commencement by Q4, 2014 0.940
OM Materials (Sarawak) Sdn
Bhd 202
Construction stage (37%) and expected
commencement by Q2, 2015 2.080
Asia Advanced Materials Sdn
Bhd 48
Earthwork completed and expected
commencement by Q2, 2015 0.522
Sakura Ferroalloys Sdn Bhd 100 Earthwork completed and expected
commencement by Q2, 2015 0.731
5. Status of Investors’ in Samalaju Industrial Park (Question 2d & 3a – EPF, Question 1b - MSWG)
• The latest list of development progress of the confirmed Investors in Samalaju Industrial Park are as
below:
• Samalaju Industrial Park and New Township layout plan.
Key Highlight Matters – Samalaju Industrial Park
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Key Highlight Matters – Concession Period
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1. Extension of Concession Period for Bintulu Port Sdn Bhd (Question 3b - EPF)
• The Company had submitted its proposal to the Government for an extension of the
concession period for another thirty (30) years from 2023 to 2052 and now is in the midst
of negotiating with the relevant government agencies i.e. Unit Kerjasama Awam Swasta
(UKAS), Ministry of Transport (MoT), Ministry of Finance (MoF), Jabatan Penilaian dan
Perkhidmatan Harta (JPPH) as well as Bintulu Port Authority (BPA) on the said proposal.
• The Company is targeting to get the principal approval on the extension by September
2014.
BINTULU PORT HOLDINGS BERHAD
Thank You www.bintuluport.com.my