Swissco International Limited - Swissco Holdings Limited
Swissco International Limited - Swissco Holdings Limited
Swissco International Limited - Swissco Holdings Limited
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<strong>Swissco</strong><strong>International</strong> <strong>Limited</strong>1H2005 Results5 August 2005
Revenue byBusiness ActivitiesShip Repair &related services20.6%Ship Repair &related services27.6%Trading of marineequipment 1.5%1H2005Chartering79.4%1H2004Chartering70.9%• Turnover from ship repair and maintenance grew 27.9% YoY• Turnover from chartering grew 91.4% YoY to S$5.7m
Key Financial IndicatorsGross marginReturn on assetReturn on equityEarnings per shareNTA per shareNet gearing1H200530.6%19.3%24.8%4.38 cents17.63 cents0.1 times1H200419.7%8.8%14.5%1.72 cents11.89 cents0.3 times
About <strong>Swissco</strong>
About <strong>Swissco</strong>We are an established,Singapore-based marine company providingmarine logistics, ship repair &maintenance servicesfor theoffshore oil & gas,shipping & marine infrastructure industries.
About <strong>Swissco</strong>We own and operate a diverse fleet of vessels:OPL Supply BoatsOffshore Support VesselsBargesTugboats
Industry FocusWe are focused on:• Oil & gas industry• Marine support & logistics industry• Shipping and marine infrastructurerelated industry
Geographical Presence• Southeast Asia countries (eg Indonesia, Malaysia, Vietnamand Thailand)• Vessels have also been deployed by charterers in regionsas far as East Africa and Japan.
Our Customers• Companies from the oil & gas,shipping & marine infrastructureindustries• Local/international ship ownersand local handling agents• Seismic companies, dredgingand mining operations• Owners of small tankers,tugboats, barges and othersmaller crafts
CompetitiveStrengths
Young Fleet of Support Vessels• Operate a young and modern fleet of offshoresupport vessels• Fleet renewal policy enables us to enter thehigher value-added sector of the business
Pioneer in the OPL Business• First mover advantage helped usto build a good track record andreputation• Well-positioned to expand ourcustomer base and enter intonew businesses as opportunitiesarise
Well-Established RelationshipsWith Customers• 63.4% of turnover in FY2004 was fromrepeat customers• Renowned customersWith Suppliers• Built up a good network of reliablesuppliers over the years
Price Competitiveness &Value-Add•Able to retain and secure new customers by being:– Competitively-priced– Providing value added services eg warehousing, wharffacility equipped with handling equipment & machinery– Complete repair/maintenance works in a shorter time(reducing vessel downtime for shipowners)Our dockyard, afloat repair facilities and offshore support vesselselsenjoy high utilisation rates
Looking ahead
Business Outlook• Expected to take delivery of 6 new vessels in 3Qand 4Q.• Outlook for the marine industry is expected toremain buoyant• Demand for offshore vessels and barges as wellas for ship repair & maintenance services toremain strong for the full year
Future Plans• Expand and upgrade our fleet• Penetrate new markets with strategicpartners• Expand and upgrade our ship repair andmaintenance capabilities
Thank you
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