- Rickmers Maritime reported financial results for the second quarter and first half of 2013, with highlights including successfully raising $80.7 million from a rights issue and paying down $73.7 million in bank loans.
- Charter revenue remained steady at $35 million in Q2 2013, with net profit of $7.7 million, though net profit was down 14% from the same period last year.
- The outlook discusses planned drydockings of vessels through the end of 2014 to satisfy regulatory maintenance requirements, with an extended drydock trial program allowing for longer periods between maintenance.
Public Construction Company Overviews Q1 2017Jonathan Hunt
The latest in Star America Capital Advisors' summaries of U.S. based publicly traded construction companies. This presentation includes Q1 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, and MYR Group.
Public Construction Company Overviews Q1 2017Jonathan Hunt
The latest in Star America Capital Advisors' summaries of U.S. based publicly traded construction companies. This presentation includes Q1 2017 financial highlights and news from the following contractors: Tutor Perini, Granite, Sterling, AECOM, Emcor, and MYR Group.
Nordnet's interim report presentation for the period January-June 2013.
Events during Q2: Nordnet acquired the majority of the social investing network Shareville, Bank/Stockbroker of the Year in Denmark for the fifth consecutive year, removal of purchase and redemption fees on all funds on our Finnish platform.
Veritas Pension Insurance succeeded in attaining excellent investment returns in 2021. The return from the investments during the year amounted to 12.6 per cent, i.e., close to EUR 0.5 billion. Equity investments generated 25.2 per cent, real estate investments 9.5 per cent, fixed-income investments 1.6 per cent, and other investments 7.4 per cent. The good investment return strengthened Veritas solvency.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Nordnet's interim report presentation for the period January-June 2013.
Events during Q2: Nordnet acquired the majority of the social investing network Shareville, Bank/Stockbroker of the Year in Denmark for the fifth consecutive year, removal of purchase and redemption fees on all funds on our Finnish platform.
Veritas Pension Insurance succeeded in attaining excellent investment returns in 2021. The return from the investments during the year amounted to 12.6 per cent, i.e., close to EUR 0.5 billion. Equity investments generated 25.2 per cent, real estate investments 9.5 per cent, fixed-income investments 1.6 per cent, and other investments 7.4 per cent. The good investment return strengthened Veritas solvency.
Swedbank was founded in 1820, as Sweden’s first savings bank was established. Today, our heritage is visible in that we truly are a bank for each and every one and in that we still strive to contribute to a sustainable development of society and our environment. We are strongly committed to society as a whole and keen to help bring about a sustainable form of societal development. Our Swedish operations hold an ISO 14001 environmental certification, and environmental work is an integral part of our business activities.
Financial InformationIn this worksheet, you will recreate both theChereCheek752
Financial InformationIn this worksheet, you will recreate both the company's balance sheet and income statement for the past 3 yearsDon't forget to note your references for your data in the last TABMicrosoftMicrosoftIncome StatementBalance SheetFor the Years ended 2018 through 2020For the Years ended 2018 through 2020(Amounts in millions)(Amounts in millions)Fiscal Year:202020192018Fiscal Year:202020192018Total Revenue143,015125,843110,360 Cash, Cash Equivalents and Short Term Investments136,527133,819133,768Cost of Revenue46,07842,91038,353 Inventories1,8952,0632,662Gross Profit96,93782,93372,007 Trade and Other Receivables, Current32,01129,52426,481 Selling, General and Administrative Expenses24,70923,09822,223 Other Current Assets11,48210,1466,751 Research and Development Expenses19,26916,87614,726 Total Current Assets181,915175,552169,662Operating Income/Expenses43,97839,97436,949 Deferred Costs/Assets, CurrentTotal Operating Profit/Loss52,95942,95935,058 Total Non-Current Assets119,396111,00489,186Non-Operating Income/Expenses, Total777291,416 Net Property, Plant and Equipment52,90443,85636,146Pretax Income53,03643,68836,474 Net Intangible Assets50,38949,77643,736Provision for Income Tax8,7554,44819,903 Total Long Term Investments2,9652,6491,862Net Income from Continuing Operations44,28139,24016,571 Other Non-Current Assets13,13814,7237,442Total Assets301,311286,556258,848 Financial Liabilities, Current3,7495,5163,998 Provisions, Current7,8746,8306,103 Deferred Liabilities, Current36,00032,67628,905 Other Current Liabilities10,0279,3518,744 Total Current Liabilities72,31069,42058,488 Long Term Debt59,57866,66272,242 Capital Lease Obligations, Non-Current7,6716,1885,568 Tax Liabilities, Non-Current204233541 Deferred Income/Customer Advances/Billings in Excess of Cost, Non-Current3,1804,5303,815 Payables and Accrued Expenses, Non-Current29,43229,61230,265 Other Non-Current Liabilities10,6327,5815,211 Total Non-Current Liabilities110,697114,806117,642Total Liabilities183,007184,226176,130 Equity Attributable to Parent Stockholders118,304102,33082,718 Paid in Capital80,55278,52071,223 Retained Earnings/Accumulated Deficit34,56624,15013,682 Reserves/Accumulated Comprehensive Income/Losses3,186(340)(2,187)Total Equity118,304102,33082,718Total Equity and Liabiltiies301,311286,556258,848
3-Horizontal Analysis ISMicrosoftIncome StatementFor the Years ended 2018 through 2020(Amounts in millions)2019201820202019$ Change% Change20192018$ Change% Change2082018$ Change% ChangeTotal Revenue143,015125,84317,17213.6%125,843110,36015,48314.0%110,360110,360- 00.0%Cost of Revenue46,07842,9103,1687.4%42,91038,3534,55711.9%38,35338,353- 00.0%Gross Profit96,93782,93314,00416.9%82,93372,00710,92615.2%72,00772,007- 00.0% Selling, General and Administrative Expenses24, ...
Nordnet's interim report presentation for the period January -December 2013.
Some events during Q4:
- Strong underlying growth in Denmark and Finland
- Strong market activity and Nordic indices ATH
- The Boards of Directors suggests an increased dividend of SEK 0.85 per share (0.70)
Nordnet's interim report for the period january-june 2014.
Highlights from the second quarter:
- Launch of three no-fee Nordic Super funds
- Strengthening of pension operations in the Swedish market
- Stockbroker of the year in Denmark
Nordnet's interim report for the period January-September 2014.
Highlights from the third quarter:
- Launch of the social investing network Shareville
- The Super funds available on all Nordic markets
- Continued strong underlying growth of customers and net savings
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
3. Page 2 | Results Presentation
Financial Highlights
From 1 January to 30 June 2013
2Q2013 Highlights:
• Successful rights issue, raising US$80.7 million (S$101.7 million) in gross proceeds
• Charter revenue stayed firm at US$35.0 million, with net profit of US$7.7 million
• The Trust paid down US$73.7 million in bank loans, of which US$54.7 million was from the rights issue, bringing
bank borrowings down to US$476.6 million and gearing to 50%
• Distribution of 0.60 US cents per unit, payable on 29 August 2013
5. Page 4 | Results Presentation
Income Statement
2Q2013 2Q2012 % ∆ 1H2013 1H2012 % ∆
Charter revenue 35,018 36,004 (3) 70,516 71,696 (2)
Other income 1,597 1,635 (2) 3,199 3,371 (5)
Other gains/(losses) - net 71 (324) NM 104 (336) NM
Total income 36,686 37,315 (2) 73,819 74,731 (1)
Add/(less):
Depreciation (9,407) (9,398) 0 (18,909) (18,860) 0
Amortisation of favourable charter contracts (128) (128) 0 (256) (256) 0
Vessel operating expenses (9,310) (8,744) 6 (18,081) (17,800) 2
Trustee-Manager fee (781) (767) 2 (1,551) (1,520) 2
Other trust expenses (146) (144) 1 (346) (329) 5
Transaction fees (157) 0 NM (157) 0 NM
Finance expenses (9,056) (9,222) (2) (16,083) (18,817) (15)
7,701 8,912 (14) 18,436 17,149 8
Income tax credit 0 0 NM 0 4 NM
7,701 8,912 (14) 18,436 17,153 7
Net profit margin 22% 25% 26% 24%
* NM: Not Meaningful
Profit before income tax
In US$'000
Net profit after tax
6. Page 5 | Results Presentation
Balance Sheet Highlights
Note:
1) Based on total issued units of 847,350,000 as at 30 June 2013 and 423,675,000 as at 31 December 2012
In US$'000 As at 30 Jun 2013 As at 31 Dec 2012 % ∆
Assets
Cash and cash equivalents 67,066 57,168 17
Net book value of vessels 981,646 997,178 (2)
Other current and non-current assets 45,383 45,651 (1)
Total assets 1,094,095 1,099,997 (1)
Liabilities
Secured bank loans 475,220 568,402 (16)
Derivative financial instruments 24,227 34,896 (31)
Convertible loan 50,313 49,595 1
Other current and non-current liabilities 21,591 23,752 (9)
Total liabilities 571,351 676,645 (16)
Total unitholders' funds 522,744 423,352 23
Net Asset Value / Unit (US$)
1
0.62 1.00 (38)
7. Page 6 | Results Presentation
Statement of Cash Flows
In US$'000 2Q2013 2Q2012 1H2013 1H2012
Cash flow from:
Operating activities 26,181 26,605 50,676 51,490
Investing activities (1,113) (581) (1,710) (2,268)
Financing activities (7,714) (24,723) (38,161) (50,833)
Net change in cash & cash equivalents 17,354 1,301 10,805 (1,611)
Cash & cash equivalents at beginning of period 49,723 50,636 56,276 53,536
Effects of exchange rate changes on cash and cash equivalents (11) (6) (15) 6
Cash & cash equivalents at end of period 67,066 51,931 67,066 51,931
8. Page 7 | Results Presentation
Cash Flow Available for Distribution
In US$'000 FY2008 FY2009 FY2010 FY2011 FY2012 1H2013 1H2012 2Q2013 2Q2012
Profit/(Loss) after tax 34,437 40,741 (28,553) 40,326 27,623 18,436 17,153 7,701 8,912
Add/(less):
Non-cash adjustments and others 22,280 36,379 78,566 30,544 38,058 14,030 14,811 7,205 7,335
Interest expense - net 19,900 34,267 42,169 42,636 40,525 16,476 20,467 8,077 10,173
EBITDA 76,617 111,387 92,182 113,506 106,206 48,942 52,431 22,983 26,420
Non-recurring expenses 762 441 21,765 0 0 1,957 0 1,957 0
Adjusted EBITDA 77,379 111,828 113,947 113,506 106,206 50,899 52,431 24,940 26,420
Add/(less):
Movement in working capital 23 738 2,384 (2,500) 2,873 (393) (934) 885 113
Dry-dock reserve (1,656) (2,205) (2,033) (3,755) (3,058) (2,023) (2,790) (1,014) (1,355)
Cash flow available for distribution before payment
to debt capital providers
75,746 110,361 114,298 107,251 106,021 48,483 48,707 24,811 25,178
Net proceeds from rights issue 0 0 0 0 0 78,748 0 78,748 0
Payment to debt capital providers (23,774) (43,050) (164,368) (92,268) (93,785) (112,668) (46,592) (84,763) (23,024)
Repayment of bank loans 0 (9,804) (104,999) (49,037) (52,003) (93,317) (25,173) (73,656) (11,886)
Interest paid - bank loans, int. rate swaps and conv. loan (19,536) (33,246) (41,691) (42,338) (40,889) (16,658) (20,526) (8,414) (10,245)
Debt processing fee 0 0 0 0 0 (1,800) 0 (1,800) 0
Loan restructuring fees 0 0 (2,678) (893) (893) (893) (893) (893) (893)
Debt arrangement fees (4,238) 0 0 0 0 0 0 0 0
Cash compensation fee 0 0 (15,000) 0 0 0 0 0 0
Cash flow available for distribution to unitholders 51,972 67,311 (50,070) 14,983 12,236 14,563 2,115 18,796 2,154
Amount to be distributed to unitholders 37,665 16,566 9,787 10,168 10,168 7,626 5,084 5,084 2,542
^ Distribution was partly funded from cash retained in prior periods
^ ^^
9. Page 8 | Results Presentation
Cash flow available for distribution before
payment to debt capital providers (US$'000)
75,746 110,361 114,298 107,251 106,021 48,483
Distribution declared (US$'000) 37,665 16,566 9,787 10,168 10,168 7,626
DPU (US cents) 8.89 3.91 2.31 2.40 2.40 1.20
Weighted average number of units ('000) 417,262 423,675 423,675 423,675 508,410 572,432
0
30,000
60,000
90,000
120,000
2008 2009 2010 2011 2012 1H2013
US$'000
Distributions
Cash flow available for distribution before payment to debt capital providers (US$'000)
Distribution declared (US$'000)
Distributions to Unitholders
50% 15% 9% 9% 10% 16%
* Consists of distribution of 0.6 US cents for total units of 423,675,000 for 1Q2013 and 0.6 US cents for total units of 847,350,000 for 2Q2013
*
10. Page 9 | Results Presentation
Loan Facility Security
IPO Facility 1.75% 2017 282.9 282.7 110% Secured against the initial 10 vessels in the
IPO Fleet.
VTL covenant for the IPO Facility is 125% if
more than half of the vessels secured against
the IPO Facility have charters of less than one
year.
First Facility 1.75% 2019 164.2 163.2 110% Secured against the five Mitsui vessels.
Second Facility 1.75% 2021 29.5 29.3 110% Secured against the vessel Hanjin Newport.
TOTAL 476.6 475.2
^ Before the deduction of unamortised debt transaction costs of US$1.4 million
Margin above 3-
month US$ LIBOR
VTL Requirement
in Loan Facility
Face Value
US$' million
Year of
Maturity
Carrying Amount
US$'million
^
Outstanding Bank Loans
As at 30 June 2013
• The Group has successfully obtained an extension of the waiver on the value-to-loan covenants for all loan facilities to 29 December 2014
As at 30 June 2013:
Top Up Facility has been fully repaid
Notional amount of interest rate swap contracts outstanding: US$391.6 million (31 Dec 2012: US$478.0 million)
Interest rate swaps fixed between 3.50% to 4.99% per annum, with maturity before 1 July 2015
11. Page 10 | Results Presentation
Bank Loans Repayment Schedule
Repayment (in US$ million)
1H
2013
3Q
2013
4Q
2013
FY
2014
FY
2015
FY
2016 - 2021
Bank loan repayments 86.9 18.5 12.1 48.3 46.7 349.0
Excess cash repayments* 6.4 2.0
Depends on Excess
Cash Generated*
- -
Total 93.3 20.5 12.1 48.3 46.7 349.0
Excludes repayment of convertible loan
Total bank debt repaid in 1H2013: US$93.3 million, of which US$54.7 million was from the Rights Issue proceeds
Total bank debt remaining: US$476.6 million (as at 30 June 2013)
ProjectedActual
US$476.6 million
* Excess cash repayments will only continue for as long as the VTL covenant waiver is in place
12. Page 11 | Results Presentation
Gearing
>>> Interest Coverage for 1H2013 at 2.9x
67%66%60% 63% 59% 50%
13. Page 12 | Results Presentation
Successful Rights Issue
Gross proceeds US$80.65 million
As at 30 June 2013:
Less: Year-to-date expenses relating to rights issue US$(1.90 million)
Net proceeds US$78.75 million
Use of net proceeds – repayment of bank loans US$54.70 million
In July 2013, the Trust utilised US$6.13 million of the net proceeds to
further repay bank loans, bringing the total amount to US$60.83 million.
The above utilisation is in line with the intended use of the net proceeds
stated in the Offer Information Statement.
Updates on the use of the remaining net proceeds will be provided as and
when such proceeds are materially disbursed.
15. Page 14 | Results Presentation
Business Review
Fleet Utilisation
* Excluding positioning and scheduled dry-docking
2Q2013 2Q2012 1H2013 1H2012
Number of Vessels 16 16 16 16
Vessel Ownership Days 1,456 1,456 2,896 2,912
Off-Hire Days* 5.1 3.5 9.9 56.6
Fleet Utilisation 99.6% 99.8% 99.7% 98.1%
16. Page 15 | Results Presentation
Diversified Portfolio of Charterers
1H2013 – US$70.52 million 1H2012 – US$71.70 million
• Charter revenue remained stable on the back of long-term charters with reputable counterparties
Hanjin 6%
CMA CGM
37%
CSAV 2%
MOL 34%
Italia
Marittima
20%
Italia
Marittima
20%
CMA CGM
39%
Hanjin
7%
MOL 32%
MSC 2%
MSC 1%
17. Page 16 | Results Presentation
Container Time Charter Market
Source: Clarkson Research Services
US$26,007
(4,400 TEU
10-year average)
Rickmers Maritime’s 2013 Average
Daily Charter Rate: US$24,887
18. Page 17 | Results Presentation
Staggered Remaining Charter Periods
At 30 June 2013:
Average age of vessels: 5.8 years
Average remaining charter period: 2.7 years
Remaining committed revenue: US$407.5 million
Name TEU Charterparty Net Daily Charter Hire
2013 2014 2015 2016 2017 2018 2019
Kaethe C. Rickmers 5,060 MSC US$5,700 (until 24 Sep 2013) / US$6,650 (until Mar 2014)
Ital Fastosa 3,450 Italia Marittima US$25,870
Ital Festosa 3,450 Italia Marittima US$25,870
ANL Warringa 4,250 CMA CGM US$25,000
ANL Windarra 4,250 CMA CGM US$25,000
Ital Fiducia 3,450 Italia Marittima US$25,870
CMA CGM Azure 4,250 CMA CGM US$25,000
ANL Warrain 4,250 CMA CGM US$25,000
CMA CGM Jade 4,250 CMA CGM US$27,000
CMA CGM Onyx 4,250 CMA CGM US$27,000
Hanjin Newport 4,250 Hanjin US$25,950 US$27,950
MOL Dominance 4,250 MOL US$26,850
MOL Dedication 4,250 MOL US$26,850
MOL Delight 4,250 MOL US$26,850
MOL Destiny 4,250 MOL US$26,850
MOL Devotion 4,250 MOL US$26,850
Firm Time Charter Period Expiration Period Optional T/C Period
20. Page 19 | Results Presentation
Outlook
Future Scheduled Dry-dockings
• Dry-docking of merchant vessels is a regulatory requirement and is carried out in 5-year
intervals in order to allow maintenance of the vessels’ underwater areas
• By end of 2014, all of Rickmers Maritime’s vessels would have undergone their first scheduled
dry-docking
• After completing their first dry-docking, all of the 16 vessels are participating in an extended
dry-dock trial program in which the next scheduled dry-docking for vessel maintenance is
extended from 5 years to 7.5 years
2H2013 FY2014
No. of vessels scheduled for dry-docking 1 2
Scheduled off-hire days (Estimated ) 12 24
21. Page 20 | Results Presentation
Outlook
• The liner carriers have introduced a freight rate restoration program starting 1 July 2013, with a
further freight rate increase from 1 August 2013.
• A significant amount of new ships, mainly very large container ships in excess of 10,000 TEU, is
scheduled for delivery during the next twelve months.
• Despite an increase in scrapping of existing ships, demand is unlikely to absorb the prevailing
over-supply within this year. As a result, recovery of time charter rates and vessel values is
expected to only gather pace in 2014.
• For 2013, expected trade growth is projected to reach 5.0%* and growth in global container capable
capacity is forecasted to marginally outpace demand growth. However, trade growth is subject to
risks from global economic developments, with downside risks being high oil prices and continued
uncertainty in the global economy, especially in the Eurozone and China.
• Our fleet of modern container vessels is fully employed in 2013.
• Barring any unforeseen circumstances, we believe our existing leases will continue to generate
ongoing positive cash flow for the Trust.
* Clarkson Research Services, June 2013
22. Page 21 | Results Presentation
Disclaimer
This presentation should be read in conjunction with Rickmers Maritime’s Financial Statements for the financial year ended 30 June 2013, released via the
SGXNET.
This presentation is not and does not constitute or form part of, and is not made in connection with, any offer, invitation or recommendation to sell or issue, or
any solicitation of any offer to purchase or subscribe for, any units of Rickmers Maritime and neither this presentation nor anything contained in it shall form
the basis of, or be relied upon in connection with, any contract or investment decision.
This presentation does not constitute an offer or invitation in any jurisdiction where, or to any person to whom, such an offer or invitation would be unlawful.
Reliance should not be placed on the information or opinions contained in this presentation. This presentation does not take into consideration the investment
objectives, financial situation or particular needs of any particular investor. Any decision to purchase or subscribe for the Units must be made solely on the
basis of your own judgment, if necessary, after seeking appropriate financial and professional advice.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and
conclusions contained in this presentation. To the maximum extent permitted by law, Rickmers Trust Management Pte. Ltd. (the “Trustee-Manager”) and its
officers, directors, employees and agents disclaim any liability (including, without limitation, any liability arising from fault or negligence) for any loss arising
from any use of this presentation or its contents or otherwise arising in connection with it.
The forward-looking statements set out in this presentation are based on a number of assumptions that are subject to business, economic and competitive
uncertainties and contingencies, with respect to future business decisions, which are subject to change and in many cases outside the control of Rickmers
Maritime and the Trustee-Manager. Accordingly, neither Rickmers Maritime nor the Trustee-Manager can give any assurance that any forward-looking
statement contained in this presentation will be achieved. Neither Rickmers Maritime nor the Trustee-Manager intends to update any of the forward-looking
statements after the date of this presentation to conform those statements to actual results.
By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.
The contents of this presentation are being given solely for your information. Not part of this presentation should be copied, reproduced or redistributed to any
other person in any manner or published, in whole or in part, for any purpose, without the prior written consent of the Trustee-Manager.
By accepting this presentation, you are deemed to accept the foregoing terms and conditions and agree to keep the contents of this presentation confidential.