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TTA’s Strong Balance Sheet to SupportExpansion PlansSummary of Key Financials as of 30 Jun 2009Solid Liquidity• Committed but undrawn facilities: US$ 442.73 millionKey Financial Covenants as at 30 Jun 2009Covenant ActualCash % of Assets Greater than 5% 27%US$ millions3202702201701207020338.8333.2313.4317.21.1242.5120%90%201.307 0.7159.1123.6138.90.560%0.6 110.1116 112.5 124.4730.530%40.30%2006 2007Cash Flow from Operations 2008 9M 2008 Cash Balance 9M 2009CapEx CapEx/CFOEBITDA to Debt Service Greater than 120% 581% Conservatively LeveragedTotal Shareholder Equityto Total AssetsGreater than 35% 64%20x 2.0x1.0x0.0x1.5x1.2x1.2x0.7x0.6x0.9xRatio of Total Debt toEBITDANot exceed 5:1 1.03:1‐1.0x‐0.3x‐0.7x2006 2007 2008 LTM 2009Total lDebt / EBITDANet tDebt bt/ EBITDANotes: For the above computation, the exact definitions in the loan agreements have been used.Notes:‐ Using the prevailing exchange rate of Bt 34.03 = US$1.00 quoted by the Bank of Thailand on 30 June 2009‐ LTM 2009: EBITDA calculated by combining 9M from FY2009 and 3M from FY 2008.‐ Total Debt and Net Debt values as of 30 June 200926
UMS’s Impressive ROE and ROASummary of Key Financials as of 30 Sep 2009• Return on Equity (ROE) and Return on Assets (ROA)were impressively above 40% and 20% respectively inthe past three years. However, both ratios dropped in9M 2009, due to negative impacts from the greateconomic crisis, relatively high shipping costs as well asthe huge assets investment made recently which is yet tobe fully utilised.• The fixed shipping contracts should expire by Q1 2010.The utilisation rate of the assets is currently at about50%. When the Thai economy recovers, UMS will bemore than prepared for the expansionary growth withvery minimal investment requirement in the next fewyears.80%60%40%20%0%201541%22%Impressive ROE and ROA63%31%53%20%30%10%2006 2007 2008 9M 2009Return on EquityReturn on AssetsCash Flows & Gearing Ratio9.51.0 8.4 1.117.921 2.1 19 1.914.62.012.5• Debt to Equity ratio rose to approximately 2.1x in 2008 10due to rising inventory and thus higher working capital 53.81.8 1.3requirement plus huge assets acquisition including0land, warehouses, trucks, lighter vessels and jetties. By ‐5‐1.5‐2.0the end of 2010, this ratio is expected to drop to around ‐10‐6.31x supported by about US$15 million cash receive fromthe capital injection of warrants.Cash Flow from OperationsCash Flow from Financing6.0 5.8 5.52006 2007 2008 9M 2008 9M 2009CapExDebt/Equity1.7Notes:‐ Using the prevailing exchange rate of Bt 33.55 = US$1..00 quoted by the Bank of Thailand on 30 September 200927
Page 6 and 7: TTA: New Business GroupsTransport E
Page 12 and 13: UMS’s Operation Procedures and De
Page 15 and 16: Rising Demand for Imported CoalImpo
Page 17 and 18: Low Consumption per Capita Allowing
Page 19 and 20: Coal versus Fuel Oil Consumption in
Page 21 and 22: UMS Remains as the Market Leader in
Page 23 and 24: TTA & UMS -A Perfect Match• This
Page 25: Financial i HighlightshtHK000NDC
Page 29 and 30: UMS’s Solid Financial Performance
Page 31: HK000NDCAppendix

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