ASL Marine
Corporate Presentation
FY2013
Presentation Outline
• Corporate Overview
• FY2013 Financial Review
(12 months ended 30 June 2013)
Operations Review
Busin...
Corporate Overview
3
Our Transformation
4
19741974 19861986 19891989 19921992 20032003 20122012
Founder Mr. Ang Sin Liu started 
operations in ...
Our Yards
5
Yard ASL Shipyard 
Pte Ltd
PT ASL Shipyard 
Indonesia
PT Cemara
Intan Shipyard
Jiangmen Hongda
Shipyard Co Ltd...
Share Statistics
6
Share Price S$0.64
Market Capitalisation S$ 268.5 million
Price to Earnings Ratio 5.93
Major Shareholde...
• Core businesses:-
- Shipbuilding
- Shiprepair and Conversion
- Shipchartering
- Engineering (VOSTA LMG group)
Company Pr...
8
Specialises In
DredgersOSVs Tugs Barges
Commercial 
Vessels
Pipelay vessels
Subsea operation vessels
AHTS
PSVs
Maintenan...
9
Container VesselsTankers Bulk Carriers OSVs
Life‐ExtensionsRetro‐fittings Other Repairs Conversions
Pipe Laying VesselsD...
10
Time Charter
Marine InfrastructureOffshore Oil & Gas Marine Construction Transportation of Cargoes
Bareboat Charter
For...
- Fleet size at 30 June 2013: 156 Vessels
- Of the 156 vessels, 39 vessels are deployed in Singapore, 20 vessels in
Indone...
(No. of vessels)
12
As at FY08 FY09 FY10 FY11 FY12 FY13
AHT 4 4 4 3 5 2
AHTS - - - 2 2 3
Chemical Tankers - 1 2 2 2 2
ROV ...
77
71
68
66 67 68
50
55
60
65
70
75
80
FY08 FY09 FY10 FY11 FY12 FY13
Overall
Vessel Utilisation (%)
13
• Shipchartering (c...
77
74
66
62
68
70
77
70
70
69
66 66
55
60
65
70
75
80
FY08 FY09 FY10 FY11 FY12 FY13
Tugs
Barges
Vessel Utilisation (%)
14
...
15
Vosta LMG
Engineered Dredger 
Products & Dredgers
Design & Engineering Components & Services
Such As:
Coupling SystemsC...
FY2013
Financial Review
(12 months ended 30 June 2013)
16
17
Shipbuilding operation is the core revenue driver
Higher gross profit margins and a more stable contribution from shipr...
18
269.9
306.3
215.7 224.0
289.4
69.3
89.1 81.9 89.1
72.4
96.2
73.0
65.6
78.1 84.1
19.5
0.0
50.0
100.0
150.0
200.0
250.0
3...
19
Shipbuilding Shiprepair and Conversion Shipchartering Engineering
26.4 25.6
17.8
23.7
37.6
21.5
18.1
16.2
14.3
21.3
30....
20
9.8 
8.4  8.2 
10.6 
13.0 
31.0 
20.3  19.7 
16.0 
29.4 
31.4 
23.4  23.9  24.2 
27.4 
8.7 
 ‐
 5.0
 10.0
 15.0
 20.0
 ...
21
71.1 37.3 31.9 32.3 45.3
16.3%
8.0% 8.8%
8.3%
9.7%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
0.0
10.0
20.0...
5 Year Financial Summary
22
16.93
8.89
7.61 7.71
10.79
0.6
2.6
4.6
6.6
8.6
10.6
12.6
14.6
16.6
18.6
FY09 FY10 FY11 FY12 FY...
4Q FY13
(S$’m)
4Q FY12
(S$’m)
Chg
%
FY13
(S$’m)
FY12
(S$’m)
Chg
%
Revenue 149.5 117.0 27.8 465.4 391.2 19.0
Gross Profit 2...
Business Operations Snapshot
(Revenue and Gross Profit Margin)
Business
Segments
4Q FY13 4Q FY12 FY13 FY12
Revenue
(S$’m)
...
Shipbuilding
Breakdown of revenue:
4Q FY13
(No. of vessels)
4Q FY12
(No. of vessels)
4Q FY13
(S$’000)
4Q FY12
(S$’000)
Chg...
Shipbuilding
Breakdown of revenue:
FY13
(No. of vessels)
FY12
(No. of vessels)
FY13
(S$’000)
FY12
(S$’000)
Chg
(%)
Offshor...
Shipbuilding
Revenue increased 29.2% y-o-y to S$289.4 million in FY2013, mainly due to
higher number of Offshore Support V...
Shiprepair and Conversion
Breakdown of revenue:
4Q FY13
(S$’000)
4Q FY12
(S$’000)
Chg
%
FY13
(S$’000)
FY12
(S$’000)
Chg
%
...
Shiprepair and Conversion
Revenue declined 18.8% y-o-y to S$72.4 million, as there were no major
conversion jobs in FY2013...
Shipchartering
Breakdown of revenue:
4Q FY13
(S$’000)
4Q FY12
(S$’000)
Chg
%
FY13
(S$’000)
FY12
(S$’000)
Chg
%
Spot charte...
Shipchartering
Revenue for FY13 rose by 7.7% to S$84.1m due to:
- additional charter income from 2 AHT acquired in 4Q FY12...
Balance Sheets
30 Jun 13
(S$’m)
30 Jun 12
(S$’m)
Chg
%
Non-current Assets 513.4 514.2 (0.2)
Currents Assets 609.0 340.0 79...
Operations Review
33
Shipbuilding Order Book
• Total outstanding order book of S$370 million comprising of 28 vessels,
including Offshore Suppo...
Shipbuilding Order Book
1 Offshore Support Vessels, Emergency Response & Rescue Vessels
and Platform Supply Vessels
2 Roto...
Vessel Delivery Schedule
(No. of vessels)
36
13 15
Business Outlook &
Strategy
37
Business Outlook & Strategy
Overall
• Oil prices remain at a level that we believe is conducive to oil and gas exploration...
Business Outlook & Strategy
Shiprepair and Conversion
• Scale up repair and conversion capabilities and improve turnaround...
Business Outlook & Strategy
Shipchartering
• As at 30 June 2013, the Group had an outstanding order book of
approximately ...
Capital Expenditure
• Total capex of S$113 million in FY13 comprised mainly:
Business Outlook & Strategy
• Shipchartering ...
Share Price Information
As at 27 Aug 13 13 Aug 12
Share Price (S$) 0.64 0.58
Price Earnings Ratio 5.93 7.52
Price / Net As...
ASL vs Indices
Source:Bloomberg
43
ASL
FSTOG
FSSTI
FSSTI
FSTOG
ASL
FSSTI
FSTOG
ASL
ASL’s share price versus STI and FTSE S...
ASL Marine
Thank you
44
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ASL Marine Q2 2013 results presentation

  1. 1. ASL Marine Corporate Presentation FY2013
  2. 2. Presentation Outline • Corporate Overview • FY2013 Financial Review (12 months ended 30 June 2013) Operations Review Business Outlook & Strategy 2
  3. 3. Corporate Overview 3
  4. 4. Our Transformation 4 19741974 19861986 19891989 19921992 20032003 20122012 Founder Mr. Ang Sin Liu started  operations in the trading of  scrapped steel material Purchased waterfront space at  Pandan Road for shipbreaking activities. Subsequently diversified  into shipbuilding and shiprepair Expanded into shipchartering services Shipbuilding and shiprepair businesses spun off into a separate  entity headed by Mr. Ang Kok Tian Listed on the SGX Mainboard on   17 March 2003 Acquired Vosta LMG Group and  added an Engineering segment  in the dredging industry
  5. 5. Our Yards 5 Yard ASL Shipyard  Pte Ltd PT ASL Shipyard  Indonesia PT Cemara Intan Shipyard Jiangmen Hongda Shipyard Co Ltd Country Singapore Batam, Indonesia Batam, Indonesia Guangdong, China Area 3.7 Ha 35 Ha 16 Ha 8 Ha Business  Activities Shipbuilding & Shiprepair Shipbuilding & Shiprepair Shipbuilding & Galvanising Shipbuilding Shipbuilding  Facilities 2x building berth 2x building berth 5x fabrication shops 2x building berth 2x building berth Shiprepair Facilities 800T shiplift Graving Dock ‐300,000 dwt (340m x 60m x 11m) Graving Dock ‐ 60,000 dwt (230m x 35m x 10m) Graving Dock ‐ 20,000 dwt (180m x 25m x 9m) 2 finger piers 2 dolphin quays Our yards are currently operating at near full capacity
  6. 6. Share Statistics 6 Share Price S$0.64 Market Capitalisation S$ 268.5 million Price to Earnings Ratio 5.93 Major Shareholder Ang Family (65.3%) • As at 27 August 2013
  7. 7. • Core businesses:- - Shipbuilding - Shiprepair and Conversion - Shipchartering - Engineering (VOSTA LMG group) Company Profile 7
  8. 8. 8 Specialises In DredgersOSVs Tugs Barges Commercial  Vessels Pipelay vessels Subsea operation vessels AHTS PSVs Maintenance /  accommodation vessels Rescue and standby  vessels Cutter suction  dredgers Water injection  dredgers Rotor tugs Azimuth stern drive   tugs Accommodation barges Pipe laying barges Work barges Chemical tanker Product tanker Bunkering tanker • Shipbuilding Core Businesses
  9. 9. 9 Container VesselsTankers Bulk Carriers OSVs Life‐ExtensionsRetro‐fittings Other Repairs Conversions Pipe Laying VesselsDredging Vessels FSO / FPSO Semi ‐submersible RigsJack Up Rigs For Vessels Such As: We own the largest graving dry dock yard in Indonesia capable of handling larger vessels • Shiprepair and Conversion Core Businesses
  10. 10. 10 Time Charter Marine InfrastructureOffshore Oil & Gas Marine Construction Transportation of Cargoes Bareboat Charter For  Industries Such As: • Shipchartering Core Businesses
  11. 11. - Fleet size at 30 June 2013: 156 Vessels - Of the 156 vessels, 39 vessels are deployed in Singapore, 20 vessels in Indonesia, 35 in Malaysia and 14 in Australia - Details on the fleet and type of vessels are highlighted below: Type of Vessels No. of Vessels Avg. Age of Vessels Barges 103 7 Towing Tugs 45 8 AHT 2 1 AHTS 3 2 Chemical Tankers 2 3 ROV Support 1 1 11 • Shipchartering (continued) Core Businesses
  12. 12. (No. of vessels) 12 As at FY08 FY09 FY10 FY11 FY12 FY13 AHT 4 4 4 3 5 2 AHTS - - - 2 2 3 Chemical Tankers - 1 2 2 2 2 ROV Support Vessel - - - - 1 1 Straight Supply Vessel - 1 1 - - - Total of Other Vessels 4 6 7 7 10 8 • Shipchartering (continued) Core Businesses
  13. 13. 77 71 68 66 67 68 50 55 60 65 70 75 80 FY08 FY09 FY10 FY11 FY12 FY13 Overall Vessel Utilisation (%) 13 • Shipchartering (continued) Core Businesses
  14. 14. 77 74 66 62 68 70 77 70 70 69 66 66 55 60 65 70 75 80 FY08 FY09 FY10 FY11 FY12 FY13 Tugs Barges Vessel Utilisation (%) 14 76 75 50 48 79 78 40 50 60 70 80 90 FY08 FY09 FY10 FY11 FY12 FY13 Offshore Support Vessels • Shipchartering (continued) Core Businesses
  15. 15. 15 Vosta LMG Engineered Dredger  Products & Dredgers Design & Engineering Components & Services Such As: Coupling SystemsCutting Systems Suction/Pump Systems Automation Dragheads Spare Parts Other Dredge  Components • Engineering Core Businesses
  16. 16. FY2013 Financial Review (12 months ended 30 June 2013) 16
  17. 17. 17 Shipbuilding operation is the core revenue driver Higher gross profit margins and a more stable contribution from shiprepair and conversion and shipchartering segments as compared to shipbuilding segment tides the Group through cyclical fluctuations 62% 65% 59% 57% 62% 16% 19% 23% 23% 16% 22% 16% 18% 20% 18% 4% 0% 20% 40% 60% 80% 100% FY09 FY10 FY11 FY12 FY13 34% 42% 36% 42% 45% 27% 30% 33% 25% 25% 39% 28% 31% 33% 28% 2% 0% 20% 40% 60% 80% 100% FY09 FY10 FY11 FY12 FY13 Shipbuilding Shiprepair and Conversion Shipchartering Engineering Revenue Contribution (S$’m) Gross Profit Contribution (S$’m) 5 Year Financial Summary $435.4 $468.4 $465.4$363.2 $391.2 $83.6$56.9$49.6$60.8$78.1
  18. 18. 18 269.9 306.3 215.7 224.0 289.4 69.3 89.1 81.9 89.1 72.4 96.2 73.0 65.6 78.1 84.1 19.5 0.0 50.0 100.0 150.0 200.0 250.0 300.0 350.0 FY09 FY10 FY11 FY12 FY13 Shipbuilding Shiprepair and Conversion Shipchartering Engineering Total  Revenue  (S$’m) 435.4 468.4 363.2 391.2 465.4 5 Year Financial Summary • Revenue Trend
  19. 19. 19 Shipbuilding Shiprepair and Conversion Shipchartering Engineering 26.4 25.6 17.8 23.7 37.6 21.5 18.1 16.2 14.3 21.3 30.2 17.1 15.6 18.9 23.0 1.7 0 5 10 15 20 25 30 35 40 FY09 FY10 FY11 FY12 FY13 Total  Gross  Profit  (S$’m) 78.1 60.8 49.6 56.9 83.6 5 Year Financial Summary • Gross Profit Trend
  20. 20. 20 9.8  8.4  8.2  10.6  13.0  31.0  20.3  19.7  16.0  29.4  31.4  23.4  23.9  24.2  27.4  8.7   ‐  5.0  10.0  15.0  20.0  25.0  30.0  35.0 FY09 FY10 FY11 FY12 FY13 Shipbuilding Shiprepair and Conversion Shipchartering Engineering 5 Year Financial Summary • Gross Profit Margin Trend
  21. 21. 21 71.1 37.3 31.9 32.3 45.3 16.3% 8.0% 8.8% 8.3% 9.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 FY09 * FY10 FY11 FY12 FY13 Net Profit Net Profit Margin * The Group’s net profit for FY09 of S$71.1 million included a one‐off gain of S$12.2 million relating to the divestment of ASL Energy Pte Ltd. Excluding the one‐off gain, net profit and net profit margin will be S$58.9m and 13.5% respectively. 5 Year Financial Summary • Net Profit Trend
  22. 22. 5 Year Financial Summary 22 16.93 8.89 7.61 7.71 10.79 0.6 2.6 4.6 6.6 8.6 10.6 12.6 14.6 16.6 18.6 FY09 FY10 FY11 FY12 FY13 4.00 3.00 1.50 1.75 2.00 0.60 1.10 1.60 2.10 2.60 3.10 3.60 4.10 4.60 FY09 FY10 FY11 FY12 FY13 0.34 0.38 0.62 0.54 0.96 0.00 0.20 0.40 0.60 0.80 1.00 1.20 FY09 FY10 FY11 FY12 FY13 Basic Earnings Per Share Net Gearing Ratio   24.1% 11.5% 9.2% 8.9% 11.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% FY09 FY10 FY11 FY12 FY13 Return on Equity Dividend Per Share
  23. 23. 4Q FY13 (S$’m) 4Q FY12 (S$’m) Chg % FY13 (S$’m) FY12 (S$’m) Chg % Revenue 149.5 117.0 27.8 465.4 391.2 19.0 Gross Profit 23.3 18.0 30.0 83.6 56.9 47.0 Gross Profit Margin 15.6% 15.3% - 18.0% 14.5% - Net Profit attributable to Shareholders 15.2 8.3 83.3 45.3 32.3 40.0 Net Profit Margin 10.2% 7.1% - 9.7% 8.3% - EBITDA 36.1 20.1 79.4 104.4 83.7 24.8 Basis EPS (cents) 1 3.62 1.98 82.8 10.79 7.71 39.9 Results Snapshot 1 Based on weighted average of 419,511,294 shares in issue 23
  24. 24. Business Operations Snapshot (Revenue and Gross Profit Margin) Business Segments 4Q FY13 4Q FY12 FY13 FY12 Revenue (S$’m) GPM (%) Revenue (S$’m) GPM (%) Revenue (S$’m) GPM (%) Revenue (S$’m) GPM (%) Shipbuilding 98.9 10.8 56.1 11.1 289.4 13.0 224.0 10.6 Shiprepair and Conversion 26.8 31.4 38.5 12.8 72.4 29.4 89.1 16.0 Shipchartering 17.2 24.1 22.4 30.4 84.1 27.4 78.1 24.2 Engineering 6.6 1.3 - - 19.5 8.7 - - Total 149.5 15.6 117.0 15.3 465.4 18.0 391.2 14.5 24
  25. 25. Shipbuilding Breakdown of revenue: 4Q FY13 (No. of vessels) 4Q FY12 (No. of vessels) 4Q FY13 (S$’000) 4Q FY12 (S$’000) Chg (%) Offshore Support Vessels 15 7 74,460 34,478 116.0 Dredgers 1 1 15,159 2,333 549.8 Tugs 3 4 6,422 9,799 (34.5) Barges and others 12 14 2,887 9,470 (69.5) Total 31 26 98,928 56,080 76.4 25
  26. 26. Shipbuilding Breakdown of revenue: FY13 (No. of vessels) FY12 (No. of vessels) FY13 (S$’000) FY12 (S$’000) Chg (%) Offshore Support Vessels 17 8 220,890 108,797 103.0 Dredgers 1 3 36,942 41,524 (11.0) Tugs 5 8 21,622 46,904 (53.9) Barges and others 24 20 9,978 26,760 (62.7) Total 47 39 289,432 223,985 29.2 26
  27. 27. Shipbuilding Revenue increased 29.2% y-o-y to S$289.4 million in FY2013, mainly due to higher number of Offshore Support Vessels constructed and projects achieving revenue recognition benchmark of 10%. The Group worked on 47 vessels in FY13 as compared to 39 vessels in FY12 Gross profit margin improved to 13.0% in FY13 (FY12: 10.6%) due to the construction of two units of high value Platform Supply Vessels and reversal of unrequired construction costs provisions 27
  28. 28. Shiprepair and Conversion Breakdown of revenue: 4Q FY13 (S$’000) 4Q FY12 (S$’000) Chg % FY13 (S$’000) FY12 (S$’000) Chg % Shiprepair 26,638 11,855 124.7 70,307 56,447 24.6 Conversion - 26,347 (100.0) 600 31,480 (98.1) Other marine related services 142 262 (45.8) 1,448 1,159 24.9 Total 26,780 38,464 (30.4) 72,355 89,086 (18.8) 28
  29. 29. Shiprepair and Conversion Revenue declined 18.8% y-o-y to S$72.4 million, as there were no major conversion jobs in FY2013, as opposed to the conversion of a FPSO vessel to a FSO vessel in FY2012. This was partially mitigated by higher shiprepair revenue of 24.6% to S$70.3 million which arose from the completion of a rig repair job Gross profit margin improved significantly from 16.0% in FY2012 to 29.4% in FY2013 due to the write-back of subcontractor costs for prior year projects. Excluding the write back, gross profit margin would have been 22.0% in FY13 29
  30. 30. Shipchartering Breakdown of revenue: 4Q FY13 (S$’000) 4Q FY12 (S$’000) Chg % FY13 (S$’000) FY12 (S$’000) Chg % Spot charter 13,663 14,677 (6.9) 58,536 54,257 7.9 Long-term charter 3,051 6,469 (52.8) 20,879 19,178 8.9 Total charter 16,714 21,146 (21.0) 79,415 73,435 8.1 Trade sales 515 1,060 (51.4) 4,730 3,769 25.5 Rental income - 224 (100.0) - 947 (100.0) Total 17,229 22,430 (23.2) 84,145 78,151 7.7 30
  31. 31. Shipchartering Revenue for FY13 rose by 7.7% to S$84.1m due to: - additional charter income from 2 AHT acquired in 4Q FY12; - additional charter income from an AHTS acquired in 2Q FY13; and - greater demand for higher horse power tugs Gross profit increased 21.8% y-o-y in FY13 to S$23.0m and gross profit margin lifted from 24.2% to 27.4% in FY13 due to: - additional gross profit from an AHTS acquired in 2Q FY13; - higher time charter income; - absence of additional depreciation of S$0.7 million back charged from cancellation of vessels held for sale in 1QFY12 partially offset by - disposal of ROV support vessel in 1QFY13 31
  32. 32. Balance Sheets 30 Jun 13 (S$’m) 30 Jun 12 (S$’m) Chg % Non-current Assets 513.4 514.2 (0.2) Currents Assets 609.0 340.0 79.1 Total Assets 1,122.4 854.2 31.4 Current Liabilities 493.3 308.2 60.1 Non-current Liabilities 223.6 182.6 22.4 Total Liabilities 716.9 490.8 46.1 Total Equity 405.5 363.4 11.6 Property, Plant and Equipment 478.7 509.0 (6.0) Bank Balances, Deposits and Cash 88.2 95.5 (7.6) Total Borrowings 469.9 285.2 64.7 32
  33. 33. Operations Review 33
  34. 34. Shipbuilding Order Book • Total outstanding order book of S$370 million comprising of 28 vessels, including Offshore Support Vessels, self-propelled cutter suction dredger, tugs and barges 693 523 327 310 586 370 At 30 Jun 08 At 30 Jun 09 At 30 Jun 10 At 30 Jun 11 At 30 Jun 12 At 30 Jun 13 (S$’m) 34
  35. 35. Shipbuilding Order Book 1 Offshore Support Vessels, Emergency Response & Rescue Vessels and Platform Supply Vessels 2 Rotor Tugs and Diesel Electric Hybrid ASD Tugs 35 1H FY2014 After 1H FY2014 Total Type of Vessels Units S$’m % S$’m % S$’m % Offshore Support Vessels1 15 82 22 82 22 164 44 Tugs2 5 30 8 50 14 80 22 Dredgers and Barges 8 38 10 88 24 126 34 Total 28 150 40 220 60 370 100
  36. 36. Vessel Delivery Schedule (No. of vessels) 36 13 15
  37. 37. Business Outlook & Strategy 37
  38. 38. Business Outlook & Strategy Overall • Oil prices remain at a level that we believe is conducive to oil and gas exploration and production activities. • Demand for OSV and charter rates is expected to be robust. • Healthy level of offshore activities in Indonesia is seen and this is expected to be beneficial to our Indonesia shipyards due to the cabotage laws regarding local content. • Nevertheless the Group is mindful of the increased competition from the Chinese shipyards. 38 Source: CIMB Offshore & Marine 15.6.2013 World Rig Total Contracted Utilisation Source: DNB Oil, Offshore & Shipping Conference, 6 March 2013
  39. 39. Business Outlook & Strategy Shiprepair and Conversion • Scale up repair and conversion capabilities and improve turnaround time to maximise shipyard utilisation level. • Focus will be on higher value offshore oil and gas repair / conversion projects such as oil rig, liftboat, subsea work vessel, FSO and FPSO. Shipbuilding • Outstanding order book of S$370 million for 28 vessels – comprised mainly OSV, AHTS, dredges, tug and barges. • Leveraging on the increased activities within the region and buoyant outlook of the offshore and marine sector, the Group is deliberating on a proactive approach to enhance order book on a build-to-stock basis. • Building program will focus on OSVs which include 4 x DP-2 AHTS and 1 x Maintenance Work Vessel at total cost of S$85 million.. 39
  40. 40. Business Outlook & Strategy Shipchartering • As at 30 June 2013, the Group had an outstanding order book of approximately $74 million with respect to long-term shipchartering contracts. • Giving our attention to terminal operation, marine transportation and offshore support sectors. To increase proportion of vessels on long term charter thus improving utilisation rate. • Strengthening our fleet of vessels by increasing the numbers of OSVs; complementary to build-to-stock shipbuilding strategy. • Increasing our share in Indonesian OSV market. Engineering • Dredging companies will need to continuously invest in maintaining and up- grading their equipment. • Focus on dredge component business internationally. 40
  41. 41. Capital Expenditure • Total capex of S$113 million in FY13 comprised mainly: Business Outlook & Strategy • Shipchartering operations have an outstanding delivery order for 23 new vessels worth approximately S$67 million comprising: 41 S$’m Vessels 75 Assets under construction for yard infrastructure and vessels 7 Plant and machinery 31 Shipchartering outstanding delivery orders Unit Barges 19 Tugs 2 Landing crafts 2 Total 23
  42. 42. Share Price Information As at 27 Aug 13 13 Aug 12 Share Price (S$) 0.64 0.58 Price Earnings Ratio 5.93 7.52 Price / Net Asset Value per Share 0.67 0.69 Market Capitalization (S$’m) 268.5 243.3 Source:Bloomberg 42
  43. 43. ASL vs Indices Source:Bloomberg 43 ASL FSTOG FSSTI FSSTI FSTOG ASL FSSTI FSTOG ASL ASL’s share price versus STI and FTSE Straits Times Oil and Gas Index (FSTOG) (for 27 Aug 12 to 27 Aug 13 – normalised graph based on %)
  44. 44. ASL Marine Thank you 44
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