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1/31


2/31

T T h h e e

G G r r e e a a t t

E E a a s s t t e e r r n n

S S h h i i

p p p p i i

n n g g

C C o o .

.

L L t t d d . .

1

1

B u s i n e s s

& F i n a n c i a l

R e v i e w

F e b r u a r y 2 0 1 6


3/31

E x c e p t f o r h i s

t o r i c a l i n f o r m a t i o n , t h e s t a t e m e n t s m a d e i n t h i s p r e s e n t a t i o n c o n s t i t u t e

f o r w a r d l o o k i n g s t a t e m e n t s . T h e s e

i n c l u d e s t a t e m e n t s r

e g a r d i n g t h e i n t e n t , b e l i e f o r

c u r r e n t e x p e c t a t i o n s o f G E S h i p p i n g a n d i t s m a n a g e m e n t r e g a r d i n g t h e C o m p a n y ’ s

o p e r a t i o n s , s t r a t e g i c d i r e c t i o n s , p r

o s p e c t s a n d f u t u r e r e s u l t s w h i c h i n t u r n

i n v o l v e

c e r t a i n r i s k s a n d u n c e r t a i n t i e s .

C e r t a i n f a c t o r s m a y c a u s e a c t u a l r e s u l t s t o d i f f e r m a t e r i a l l y f r o m t h o s e c o n t a i n e d i n

t h e f o r w a r d l o

o k i n g s t a t e m e n t s ; i n c l u d i n g c h a n g e s i n f r e i g h t r a t e s ; g l o b a l e c o n o m i c

a n d b u s i n e s s

c o n d i t i o n s ; e f f e c t s o f c o m p e t i t i o n a n d

t e c h n o l o g i c a l d e v e l o

p m e n t s ;

c h a n g e s i n l a w

s a n d r e g u l a t i o n s ; d i f f i c u l t i e s i n a c h i e v i n g c o s t s a v i n g s ; c u r r e n c y , f u e l

p r i c e a n d i n t e r e s t r a t e f l u c t u a t i o n s e

t c .

T h e C o m p a n

y a s s u m e s n o r e s p

o n s i b i l i t y w i t h r e g

a r d t o p u b l i c l y a m

e n d i n g ,

m o d i f y i n g o r

r e v i s i n g t h e s t a t e m

e n t s b a s e d o n a n y s u b s e q u e n t d e v e l o

p m e n t s ,

i n f o r m a t i o n o r e v e n t s t h a t m a y o c c u r .

2

2

F o r w a r d

L o o k i n g S t a t e m e n t s


4/31

C o r p

o r a t e P r o f i l e

T h e G r e a t E

a s t e r n S h i p p i n g C o m p a n y

S h i p p i n g ( B u l k )

T a n

k e r s

- C r u d e

- P r o

d u c t s

B u l k

O f f s h o r e

( T h r o u g h w h o l l y - o w n e d s u b s i d i a r y

G r e a t s h i p ( I n d i a ) L i m i t e d )

D r i l l i n g

L o g i s t i c

s

I n d i a ’ s l a r g e s t p r i v a t e s e c t o r s h i p p i n

g c o m p a n y .

O v e r 6 7 y e a r s o f e x p e r i e n c e

3

3


5/31

4

4

Uni n t e r r u

p t e d d i vi d e n d f or 3 0 y e ar s

0 1 0

2 0

3 0

4 0

5 0

6 0

7 0

8 0

9 0

1 0 0

0 2 4 6 8 1

0 1 2

1 4

1 6

1984-85

1985-86

1986-87

1987-88

1988-89

1989-90

1990-91

1991-92

1992-93

1993-94

1994-95

1995-96

1996-97

1997-98

1998-99

1999-00

2000-01

2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-132013-14

2014-15

Di vi d

e n

d p e

r s h a r e

( R s )

Di vi d

e n d T

ur n

o v e r

( % ) ( RH

S )

I n t e r i m

d i vi d e n d

of R s . 6 p e r s h ar e ann o un c e d i n Q 3 2 0 1

5 -1 6


6/31

P r o m o t e r s

3 0 %

F I I 2 3 %

G o v t / F I

2 0 %

C o r p o r a t e

B o d i e s

6 %

P u b l i c

2 1 %

5

5

S h a r e h

o l d i n g P a t t e r n

S h a r e h o l d i n g P a

t t e r n a s o n D e c e m b e r 3 1 , 2 0 1 5


7/31

6

6

S h i p p i n g b u

s i n e s s - o w n e d f l e e t

S r . N o .

V e s s e l N a m e

T y p e

1

J

a g L a l i t

S u e z m a x

2

J

a g L o k

S u e z m a x

3

J a

g L a t e e f

S u e z m a x

4

J a g

L a k s h i t a

S u e z m a x

5

J a g L y a l l

A f r a m a x

6

J

a g L a t a

A f r a m a x

7

J a g

L a k s h m i

A f r a m a x

8

J a g

L a v a n y a

A f r a m a x

8 C r u d e

C a r r i e r s ; A v e r a g e A g e - 1 3 y

e a r s

9

J a g A a b h a

L R

1

1 0

J a g

A a n c h a l

L R

1

1 1

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A m i s h a

L R

1

1 2

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L R

1

1 3

J a

g P a h e l

M R

1 4

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M R

1 5

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P r a b h a

M R

1 6

J a g

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M R

1 7

J a g

P u s h p a

M R

1 8

J a g

P r e r a n a

M R

1 9

J a g

P r a n a v

M R

2 0

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P r a n a m

M R

2 1

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M R

1 3 P r o d u c

t C a r r i e r s ; A v e r a g e A g e - 9 . 5

y e a r s

S r . N o .

V e s s e l N a m e

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e

2 2

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V L G

C

1 G a s C a r r i e r ; A g e - 2 2 y e a r s

2 3

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2 4

J a g A d i t i

K a m s a r m a x

2 5

J a g A r y a

K a m s a r m a x

2 6

J a g A r n a v

K a m s a r m a x

2 7

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S u p r a m a x

2 8

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2 9

J a g R i s h i

S u p r a m a x

3 0

J a g R a n i

S u p r a m a x

3 1

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S u p r a m a x

9 B u l k C a r r i e r s ; A v e r a g e A g e - 6 . 5 y e a r s

3 1 V e s s e l s

A v e r a g e A g e - 1 0 . 6 y e a r s

T

o t a l d w t - 2 . 4 m n


8/31

7

7

V e s s e l s o n O r d e r

& C a p i t a l E

x p e n d i t u r e

V e s s e l

Y a r d

E x p e c t e d D e l i v e r y

1 M e d i u m R a n g e

P r o d u c t T a n

k e r

S T X

G r o u p

Q 4 F Y 1 6

3 K a m s a r m a x D r y B u l k

C a r r i e r s

J i a n g s u N e w Y a n g z i

S h i p b

u i l d i n g C o . L t d ,

C h i n a

Q 1 F Y 1 7 , Q 3 F Y 1 7

&

Q 4 F Y 1 8

C o m m i t t e d C a p e x - $ 1 2 0 m

n

P a i d t i l l

2 0 1 4 - 1 5

P a i d Y T D

2 0 1 5 - 1 6

( T o b e p a i d )

2 0 1 6 - 1 7

( T o

b e p a i d )

2 0 1 7 - 1 8

( T o b e p

a i d )

2 0 1 7 - 1 8

$ 1 6 m n

$ 2 2 m n

$ 2 0 m n

$

4 4 m n

$ 1 8 m

n

V e s s e l s o n O

r d e r & E x p e c t e d D e l i v e r y

C o m m i t t e d C

a p e x & P a y m e n t S c h e d u l e


9/31

8

8

T a n k e r s – A s

s e t P r i c e s ( 5 -

y e a r o l d )

0 2 0 4 0 6 0 8 0 1 0 0

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2 0 0 4 - 0 9

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2 0 0 6 - 0 7

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2 0 0 8 - 0 5

2 0 0 9 - 0 4

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U S D m n

V L C C

S u e z m a x

M R

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7 0 . 0 0

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V L C C

S u e z m a x

M

R

U S D m n

2 0 1 1

2 0 1 2

2 0 1 3

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1 5

S o u r c e – I n d u s t r y

R e p o r t s


10/31

9

9

B u l k e r s – A s s e t P r i c e s ( 5 - y e a r o l d )

0 . 0 0

5 . 0 0

1 0 . 0 0

1 5 . 0 0

2 0 . 0 0

2 5 . 0 0

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3 5 . 0 0

4 0 . 0 0

4 5 . 0 0

5 0 . 0 0

C a p

e s i z e

P a n a m a x

S u p r a m a x

U S D m n

2 0 1 1

2 0 1 2

2 0 1 3

2 0 1 4

2 0

1 5

- 2 0

4 0

6 0

8 0

1 0 0

1 2 0

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1 6 0

1 8 0

2 0 0 1 - 0 1

2 0 0 1 - 1 2

2 0 0 2 - 1 1 2 0 0 3 - 1 0

2 0 0 4 - 0 9

2 0 0 5 - 0 8

2 0 0 6 - 0 7

2 0 0 7 - 0 6

2 0 0 8 - 0 5

2 0 0 9 - 0 4

2 0 1 0 - 0 3

2 0 1 1 - 0 2

2 0 1 2 - 0 1 2 0 1 2 - 1 2

2 0 1 3 - 1 1

2 0 1 4 - 1 0

2 0 1 5 - 0 9

U S D m n

C a p e s i z e

P a n a m a x

S u p r a m a x

D r y B u l k a s s e t p r i c e s a t 2 0 - y e a r l o w


R e p o r t s


11/31

•

L o w e r c r u d e o i l p r i c e s – H i g h e r d

e m a n d f o r e n d - p r o d u c t s , e s p . G a s o l i n e

•

C r u d e S u

r p l u s – S P R a n d c o m m e r c i a l s t o r a g e o f c r u d e , f l o a t i n g s t o r a g e

•

R e f i n e r y

r u n s e x c e e d i n g d e m a n d

– M o r e p r o d u c t m o v e m

e n t , s t o r a g e o n t a n k s , f o

r c e d

s t o r a g e o n v e s s l e s

•

C o u n t r i e s f o c u s i n g o n d i v e r s i f y i n

g i m p o r t s o u r c e s l e a d i n g t o l o n g e r v o y a g e s

1

1

0

0

L o w o

i l p r i c e s p o s i t i v e l y i m p a c t

e d t a n k e r r a t e s

4 0 0

6 0 0

8 0 0

1 , 0 0 0

1 , 2 0 0

1 , 4 0 0

J a n - 1 3

A p r - 1 3

J u l - 1 3

O c t - 1 3

J a n - 1 4

A p r - 1 4

J u l - 1 4

O c t - 1 4

J a n - 1 5

A p r - 1 5 J u l - 1 5

O c t - 1 5

J a n - 1 6

B a l t i c

E x c h a n g e D i r t y T a n k e

r

I n d e x

4 0 0

5 0 0

6 0 0

7 0 0

8 0 0

9 0 0

J a n - 1 3

A p r - 1 3

J u l - 1 3

O c t - 1 3

J a n - 1 4

A p r - 1 4

J u l - 1 4

O c t - 1 4

J a n - 1 5

A p r - 1 5

J u l - 1 5

O c t - 1 5

J a n - 1 6

B a l t i c E x c h a n g e C l e a n T a n k e

r

I n d e x


R e p o r t s


12/31

1

1

1

1

L o w e r

o i l p r i c e s , l e a d i n

g t o i n c r e a s e d d e m a n d & r e f i n e r y

r u n s

4 0 5 0 6 0 7 0 8 0 9 0 1 0 0

1 1 0

1 2 0

1 3 0

- 1 . 5

- 1 . 0

- 0 . 5 0 .

0 0 . 5

1 . 0

1 . 5

2 . 0

2 . 5

3 . 0

3 . 5

Q 2 2 0 1 0

Q 3 2 0 1 0

Q 4 2 0 1 0

Q 1 2 0 1 1

Q 2 2 0 1 1

Q 3 2 0 1 1

Q 4 2 0 1 1

Q 1 2 0 1 2

Q 2 2 0 1 2

Q 3 2 0 1 2

Q 4 2 0 1 2

Q 1 2 0 1 3

Q 2 2 0 1 3

Q 3 2 0 1 3

Q 4 2 0 1 3 Q 1 2 0 1 4

Q 2 2 0 1 4

Q 3 2 0 1 4

Q 4 2 0 1 4

Q 1 2 0 1 5

Q 2 2 0 1 5

Q 3 2 0 1 5 Q 4 2 0 1 5

$ / b b l

m b p d

G l o b a l R e f i n e r y C r u d e T h r o u g h p u t y - o - y c h a n g e ( m b p d )

O i l d e m a n d y - o - y c h a n g e ( m b p d )

O i l P r i c e s ( $ / b b l

)


R e p o r t s


13/31

1

1

2

2

H e a l t h

y r e f i n e r y m a r g i n s o n a c c o u n t o f h i g h g a s o l i n e

d e m a n d

4 . 7 8

4 . 8 3

- 2 0 2 4 6 8 1 0 1 2 1 4

J a n - 0 6 J u l - 0 6 J a n - 0 7 J u l - 0 7 J a n - 0 8

J u l - 0 8 J a n - 0 9 J u l - 0 9 J a n - 1 0 J u l - 1 0 J a n - 1 1 J u l - 1 1 J a n - 1 2 J u l - 1 2 J a n - 1 3 J u l - 1 3 J a n - 1 4

J u l - 1 4 J a n - 1 5 J u l - 1 5 J a n - 1 6

E u r

o p e R e f i n i n g M a r g i n s

B r e n t - R o t t e r d a m M a r g i n s

5 y r M e d i a n

1 0 . 1 0

7 . 0 2

0 2 4 6 8 1 0 1 2

J a n - 0 6

N o v - 0 6

S e p - 0 7

J u l - 0 8

M a y - 0 9

M a r - 1 0

J a n - 1 1

N o v - 1 1

S e p - 1 2

J u l - 1 3 M a y - 1 4

M a r - 1 5

J a n - 1 6

A s i a R e f i n i n g M a r g i n s

D u b a i - S i n g a p o r e M a r g i n s

5 y r M

e d i a n

•

H i g h r e f i n e r y m a r g i n s , s u p p o r t e d b y s t r o n g g a s o l i n e c r a c k s

•

M i d d l e

D i s t i l l a t e d e m a n d

i s s o f t e r l e a d i n g t

o s t o r a g e o n t a n k s ,

f o r c e d s t o r a g e o n v e s s e l s


R e p o r t s


14/31

R i s i n g P r o d u c t e x p o r t s f r o m

M i d d l e E a

s t

N e w e x p o r t - o r i e n t e d

r e f i n e r i e s l e a d i n g t o i n

c r e a s e d t r a d e

0 2 0 0

4 0 0

6 0 0

8 0 0

1 0 0 0

1 2 0 0

J a n 2 0 1 3

M a r 2 0 1 3

M a y 2 0 1 3

J u l 2 0 1 3

S e p 2 0 1 3

N o v 2 0 1 3

J a n 2 0 1 4

M a r 2 0 1 4

M a y 2 0 1 4

J u l 2 0 1 4

S e p 2 0 1 4

N o v 2 0 1 4

J a n 2 0 1 5

M a r 2 0 1 5

M a y 2 0 1 5

J u l 2 0 1 5

S e p 2 0 1 5

N o v 2 0 1 5

N

a p h t h a

M o t o r a n d a v i a t i o n g a s o l i n e

K e r o s e n e s

G a s / d i e s e l o i l

1

1

3

3


R e p o r t s


15/31

1 4

R i s i n g N a p h t h a i m p o r t s

f r o m W e s t t o A

s i a s u p p o r t i n g

L R s

0 5 0 0

1 , 0 0 0

1 , 5 0 0

2 , 0 0 0

2 , 5 0 0

3 , 0 0 0

3 , 5 0 0

J a n - 0 8

J u l - 0 8

J a n - 0 9

J u l - 0 9

J a n - 1 0

J u l - 1 0

J a n - 1 1

J u l - 1 1

J a n - 1 2

J u l - 1 2

J a n - 1 3

J u l - 1 3

J a n - 1 4

J u l - 1 4

J a n - 1 5

J u l - 1 5

A s i a n N a p h t h a I m p o r t s b y S o u r c

e

M

i d d l e E a s t

A s i a

W e s t

5 2 %

5 1 %

4 6 %

4 5 %

4 8 %

4 0 %

3 4 %

3 1 %

2 6 %

2 4 %

8 %

1 5 %

2 3 %

3 0 %

2 9 %

0 %

1 0 %

2 0 %

3 0 %

4 0 %

5 0 %

6 0 %

7 0 %

8 0 %

9 0 %

1 0 0 %

2 0 1 1

2 0 1 2

2 0 1 3

2 0 1 4

2 0 1 5

A s i a n N a p

h t h a I m p o r t s - M a r k e t S h

a r e

M E S h a

r e

A s i a S h a r e

W e s t S h a

r e 1

1

4

4


R e p o r t s


16/31

B a l t i c D r y I n d e x ( J a n 2 0 0 0 – J a n 2 0 1 6 )

D r y B u l k f r e i g h t r a t e s c o n t i n u e d t o p l u m m e t

•

C h i n a s l o w d o w n l e a d i n g

t o s h a r p m o d e r a t i o n i n i r o n o r e i m p

o r t s

•

E m p h a

s i s o n e n v i r o n m e n

t l e a d i n g t o l o w e r

c o a l u s a g e , s h a r p

d e c l i n e

i n c o a l i m p o r t s

0

2 0 0 0

4 0 0 0

6 0 0 0

8 0 0 0

1 0 0 0 0

1 2 0 0 0

1 4 0 0 0

J a n - 0 0

J u l - 0 0 J a n - 0 1

J u l - 0 1

J a n - 0 2

J u l - 0 2

J a n - 0 3

J u l - 0 3

J a n - 0 4

J u l - 0 4

J a n - 0 5 J u l - 0 5

J a n - 0 6

J u l - 0 6

J a n - 0 7

J u l - 0 7

J a n - 0 8

J u l - 0 8

J a n - 0 9

J u l - 0 9

J a n - 1 0 J u l - 1 0

J a n - 1 1

J u l - 1 1

J a n - 1 2

J u l - 1 2

J a n - 1 3

J u l - 1 3

J a n - 1 4

J u l - 1 4 J a n - 1 5

J u l - 1 5

J a n - 1 6

B D I

1

1

5

5


R e p o r t s


17/31

S t e e l P

r o d u c t i o n f e l l i n 2 0 1 5

M o d e r a t i o n i n C h i n a ’ s

i m p o r t g r o w t h , i n c r e a s e i n s h o r t -

h a u l t r a d e

- 5 %

0 % 5 % 1 0 %

1 5 %

0 5 0 0

1 0 0 0

1 5 0 0

2 0 0 0

2 0 1 3

2 0 1 4

2 0 1 5

W o r l d

C h i n a

G r o w t h i n W o r l d P r o d u c t i o n

( R H S )

G r o w t h i n C

h i n a P r o d u c t i o n ( R H S )

C h i n a I r o n

O r e I m p o r t s ( S o u r c e - w

i s e )

1 0 %

3 0 %

5 0 %

7 0 %

0

5 0

0

1 0 0

0

1 5 0

0

2 0 1 2

2

0 1 3

2 0 1 4

2 0 1 5

A

u s t r a l i a

B r a z i l

O t h e r s

M

a r k e t S h a r e - A u s t r a l i a ( R H S )

M a r k e t S h a r e - B r a z i l ( R H S )

M a r k e t S h a r e - O t h e r s ( R H S )

G r o w t h – 1 3 . 8 %

G r o w

t h – 2 . 3 %

1

1

6

6


R e p o r t s


18/31

C o a l i m p o r t s b y t o p i

m p o r t e r s o n a d e c l i n i n g t r e n d

C h i n a c o a l i m p o r t s

8 . 9

6 . 5

4 . 3

2 . 1

2 . 9 2 . 6

- 1 . 1 - 0 . 7

- 4 . 0

- 0 . 6

- 3 . 9

- 6 - 4 - 2 0 2 4 6 8 1 0

J a n F e b M a r A p r M a y J u n J u l A u g S e p O

c t N o v

I n d i a n

C o a l I m p o r t s - 2 0 1 5 Y o Y

G r o w t h

- 1 8 . 2

- 7 . 3 -

7 . 6 - 6 . 9

- 9 . 3

- 8 . 1

- 1 . 4

- 0 . 9

- 3 . 4

- 6 . 0

- 4 . 8

- 2 0 . 0

- 1 8 . 0

- 1 6 . 0

- 1 4 . 0

- 1 2 . 0

- 1 0 . 0

- 8 . 0

- 6 . 0

- 4 . 0

- 2 . 0

0 . 0

J a n F e b M

a r A p r M a y J u n J u l A u g S e p

O c t N o v

C h i n e s e C o a l i m p o r t s 2 0 1 5 Y o Y

G r o w t h

I n d i a c o a l i m p o r t s

1

1

7

7


R e p o r t s


19/31

W o r l d

F l e e t G r o w

t h

G r o s s F l e e t A d

d i t i o n

F l e e t

C Y 2 0 1 6

C Y 2 0 1 7

C Y 2 0 1 8 +

F e b 1 6

( i n m n d w t )

C r u d e t a n k e r s

3 3 8 . 3

8 %

8 %

3 %

P r o d u c t t a n k e r s

1 4 2 . 5

1 0 %

8 %

3 %

D r y b u l k c a r r i e r s

7 7 8 . 8

1 1 %

3 %

1 %

0 2 0 0

4 0 0

6 0 0

8 0 0

1 0 0 0

2 0 0 2 2 0 0 3 2 0 0 4 2 0 0 5 2 0 0 6 2

0 0 7 2 0 0 8 2 0 0 9 2 0 1 0 2

0 1 1 2 0 1 2 2 0 1 3 2 0 1 4 2 0 1 5

D r y B u l k

C r u d e

P r o

d u c t

M n . d w t

F l e e t

1

1

8

8


R e p o r t s


20/31

1

1

9

9

A c c e l e r a t e d

s c r a p p i n g i n

D r y B u l k

S c r a p p i n g a s

% o f w o r l d f l e e t ( y e

a r - w i s e )

S c r a p p i n g a s

% o f w o r l d f l e e t ( y e

a r - w i s e )

V e s s e l C a t e g

o r y

F l e e t a s o n

S c r a p p i n g

F e b - 1 5

2 0 1 5

2 0 1 4

2 0 1

3

( i n m n d w t )

( %

o f b

e g i n n i n g f l e e t )

C r u d e

3 3 8 . 3

0 . 2 %

1 %

2 %

P r o d u c t

1 4 2 . 5

0 . 2 %

1 %

2 %

B u l k

7 7 8 . 8

4 %

2 %

3 %


R e p o r t s


21/31

2

2

0

0

M a r k e

t T r e n d s i n b

r i e f

T a n k e r s

D r y B u l k

L o w

o i l p r i c e s , h i g h d e m a n d

H e a l t h y r e f i n i n g m a r g i n s & r u n s

S P R , c o m m e r c i a l s t o r a g e & f l o a t i n

g

s t o r a g e

D i v e r s i f i c a t i o n o f i m p o r t s o u r c e s , n e w

e x p o r t - o r i e n t e d r e f i n e r i e s a l t e r i n g

t o n - m i l e

R i s k o f d e m a n d s l o w d o w n

C h a n g e i n O P E C ’ s s t a n c e

E x p e c t e d i n c r e a s e i n t a n k e r s u p p l y

D e c l i n e i n

C h i n a ’ s s t e e l p r o d u c t i o n , i r o n

o r e i m p o r t d e p e n d e n c y a l r e a d y a t h i g h e r

l e v e l s

C h i n a C o

a l i m p o r t s d e c l i n i n g – G o v t ’ s

f o c u s o n

p o l l u t i o n c o n t r o l , r e n e w a b l e s

I n c r e a s e i n I n d i a ’ s d o m e s t i c c o a l

p r o d u c t i o n

S t i m

u l u s m e a s u r e s b y C h i n a

C o n t i n u e

d s c r a p p i n g , s l i p p a g e , l o w e r

o r d e r i n g &

d e l a y i n g d e l i v e r y o f v e s s e l s

f r o m y a r d s


22/31

G r e a t s h i

p ( I n d i a ) L i m i t e d

( a 1 0 0 % s u b s i d i a r y

)

B u s i n e s s R e v i e w

F e b

r u a r y 2 0 1 6


23/31

2

2

2

2

C u r r e n t O

w n e d F l e e t

•

4 J a

c k U p R i g s ( 3 5 0 f t )

•

5 P l a t f o r m S u p p l y V e s s e l s ( P S

V )

•

8 A n c h o r H a n d l i n g T u g c u m S u p p l y

V e s s e l s ( A H T S V )

•

2 M

u l t i p u r p o s e P l a t f o r m S u p

p l y a n d

S u p

p o r t V e s s e l s ( M P S S V )

•

6 P l a t f o r m / R O V S u p p o r t V e

s s e l s

( R O

V S V )

O f f s h o r e b u

s i n e s s - F l e e

t P r o f i l e

T h e G r e a t s h i p G r o u p

C a t e g o r y

E x t e n t o f c o v e r a g e o f

f l e e t ' s o p e r a t i n g

d a y s

( p e r c e n t )

P S V

7 4

R O V S V

8 3

A H T S V

9 2

M P S S V

5

J a c k u p R i g s

9 1

H i g h F l e e t U t i l i z a t i o n


24/31

2

2

3

3

G r e a t s h i p

’ s M o d e r n & T e c h

n o l o g i c a l l y A d v a n

c e d F l e e t & H i g h

U t i l i z a t i o n

- H i g h e r u t i l i z a t i o n r a t e s

- M i n i m u m d o w n t i m

e

- H i g h e r u t i l i z a t i o n r a t e s

- M i n i m u m d o w n t i m

e

R e v e n u e

E f f i c i e n c i e s

R e v e n u e


- L o w e r O p e r a t i n g c

o s t s

- R e d u c e d m a i n t e n a n c e

c a p e x & o p e x

- L o w e r O p e r a t i n g c

o s t s

- R e d u c e d m a i n t e n a n c e

c a p e x & o p e x

C o s t


C o s t


Y o u n g F l e e t

Y o u n g F l e e t

Y o u n g f l e e t w i t h a n a v e r a g e a g e o f

a p p r o x . 4 y e a r s b y F Y 2 0 1 4 - 1 5

D e m a n d s h i f t i n g t o m o d e r n v e s s e l s ,

e s p e c i a l l y a s

s a f e t y b e c o m e s a m a j o r

c o n c e r n f o r o

i l c o m p a n i e s

T e c h n

o l o g i c a l l y A d v a n c e d

T e c h n

o l o g i c a l l y A d v a n c e d

S p e c i a l i z e d / t e c h n o l o g i c a l l y a d v a n c e d

v e s s e l s e q u i p

p e d w i t h D P I / D P I I

( D y n a m i c P o

s i t i o n i n g ) a n d F i F i I ( F i r e

F i g h t i n g ) t e c

h n o l o g i e s

E q u i p p e d t o o p e r a t e i n c h a l l e n g i n g

e n v i r o n m e n t s

E f f i c i e n t a n d

v e r s a t i l e v e s s e l s


25/31

2

2

4

4

D o u b l e - d i g i t d e c l i n

e i n c a p e x s p

e n d i n g i n 2 0 1 6

2 y e a r s o f c o n t i n u o u s d e c l i n e i n c a p e x s p e n d i n g


R e p o r t s


26/31

2

2

5

5

S o u r c e : R i g z o n e , M a r i n e b a s e , I n d u s t r y R e p o r t s

•

A c t u a l d e l i v e r i e s m u c h l o w e r t h a n e s t i m a t e d d e

l i v e r i e s i n 2 0 1 5 . T r e n d i s

l i k e l y t o c o n t i n u e i n 2 0 1 6

•

J a c k - u p

u t i l i s a t i o n h a s d r o p p e d t o 7 0 % o r l o w e

r f r o m ~ 9 0 % a t t h e

s t a r t

o f 2 0 1 4

w h i l e r o u g h l y 4 0 - 5 0

% o f A H T S V s a n d P S V s a r e i d l e / s t a c k e

d o r

w o r k i n g s p o t

( N o s )

J a c k u p R

i g s

A H T S V

s

P S V

C u r r e n t F l e e t

4 8 4

1 9 1 3

1 4 2 8

O r d e r b o o k

1 2 9

2 0 7

2 6 1

% o

f O / B t o c u r r e n t

l e e t

2 5 %

1 3 %

1 8 %

F

l e e t & O r d e r b o o k

G l o b a l F l e e t S u p p l y – O

f f s h o r e


27/31

F F I I

N N A A N N C C I I

A

A

L L

H H I I

G G H H L L I I

G G H H T T S S

Q Q 3 3

F F Y Y

2 2 0 0 1 1

5 5 - - 1 1

6 6


28/31

2

2

7

7

Q

3 F Y 2 0 1 5 - 1

6 F i n a n c i a l H

i g h l i g h t s

S t a n d a l o n e

C o n s o l i d a t e d

K e y F i g u r e s

Q 3 F Y ' 1 6

Q 3

F Y ' 1 5

9 M F Y ' 1 6

( A m o u n t i n R s . c r s )

Q 3 F Y ' 1 6

Q 3 F Y ' 1 5

9 M

F Y ' 1 6

I n c o m e S t a t e m e n t

5 3 3

5 1 3

1 , 7 2 0

R e v e n u

e ( i n c l u d i n g o t h e r i n c o m e )

9 9 5

9 4 4

3 , 1 1 0

2 4 5

2 0 7

9 0 3

E B I T D A ( i n c l u d i n g o t h e r i n c o m e )

5 5 6

4 0 7

1 , 7 8 6

1 0 2

6 9

5 1 4

N e t P r o f i t

2 7 5

1 8 2

9 8 1

B a l a n c e S h e e t

9 , 5 3 6

9

, 4 1 8

9 , 5 3 6

T o t a l A s s e t s

1 6 , 0 4 4

1 5 , 1 1 1

1

6 , 0 4 4

5 , 3 9 2

5

, 0 1 3

5 , 3 9 2

E q u i t y

8 , 5 4 4

7 , 4 8 0

8 , 5 4 4

2 , 8 1 6

3

, 1 5 3

2 , 8 1 6

T o t a l D e b t ( G r o s s )

5 , 9 6 6

6 , 1 5 3

5 , 9 6 6

( 2 3 3 )

5 1 1

( 2 3 3 )

L o n g

T e r m D e b t ( N e t o f C a s h )

1 , 8 4 3

2 , 6 6 9

1 , 8 4 3

C a s h F l o w

2 9 8

2 0 1

6 8 8

F r o m o p e r a t i n g a c t i v i t i e s

6 2 5

4 4 2

1 , 5 1 9

( 3 1 9 )

( 3 6 0 )

( 6 7 6 )

F r o m i n v e s t i n g a c t i v i t i e s

( 4 2 2 )

( 5 4 0 )

( 9 6 9 )

( 1 4 3 )

( 9 2 )

( 5 5 6 )

F r o m f i n a n c i n g a c t i v i t i e s

( 3 1 1 )

( 3 )

( 1 , 1 7 0 )

( 1 6 4 )

( 2 5 1 )

( 5 4 5 )

N e

t c a s h i n f l o w / ( o u t f l o w )

( 1 0 8 )

( 1 0 1 )

( 6 2 0 )


29/31

2

2

8

8

Q

3 F Y 2 0 1 5 - 1

6 F i n a n c i a l H

i g h l i g h t s

S t a n d a l o n e

C o n s o l i d a

t e d

K e y F i g u r e s

Q 3 F Y ' 1 6

Q 3 F Y ' 1 5

9 M F Y ' 1 6

( A m o u n t i n R s . c r s )

Q 3 F Y ' 1 6

Q 3 F Y ' 1 5

9 M F Y ' 1 6

K

e y f i n a n c i a l f i g u r e s

4 5 . 9 6 %

4 0 . 3 7 %

5 2 . 5 1 %

E

B I T D A M a r g i n ( % )

5 5 . 9 1 %

4 3 . 0 9 %

5 7 . 4 3 %

7 . 6 8 %

5 . 5 5 %

1 3 . 2 7 %

R e t u r n o n E q u i t y ( R O E ) ( % )

1 3 . 1 2 %

9 . 8 7 %

1 6 . 3 8 %

7 . 1 8 %

5 . 7 6 %

1 0 . 6 7 %

R e t u r n o n C

a p i t a l E m p l o y e d ( R O C E ) ( % )

9 . 5 5 %

7 . 5 2 %

1 1 . 1 9 %

0 . 5 2

0 . 6 3

0 . 5 2

G r o s s D e b t / E q u i t y R a t i o ( x )

0 . 7 0

0 . 8 2

0 . 7 0

( 0 . 0 4 )

0 . 1 0

( 0 . 0 4 )

N e t

D e b t / E q u i t y R a t i o ( x )

0 . 2 2

0 . 3 6

0 . 2 2

6 5 . 8 5

6 1 . 8 7

6 4 . 5 6

E x c h a n g e

r a t e U S D / I N R , a v e r a g e ( R s )

6 5 . 8 5

6 1 . 8 7

6 4 . 5 6

6 6 . 1 5

6 3 . 0 4

6 6 . 1 5

E x c h a n g e r a t e U S D / I N R , e n d o f p e r i o d ( R

s )

6 6 . 1 5

6 3 . 0 4

6 6 . 1 5

S h a r e r e l a t e d f i g u r e s

6 . 7 9

4 . 5 8

3 4 . 0 7

E a r n i

n g s p e r s h a r e , E P S ( R s )

1 8 . 2 3

1 2 . 0 5

6 5 . 0 8

6 . 7 7

4 . 5 7

3 4 . 0 1

D i l u t e d e a r n i n g s p e r s h a r e ( R s )

1 8 . 1 9

1 2 . 0 3

6 4 . 9 5

1 3 . 1 9

1 0 . 2 5

5 0 . 8 8

C a s h P r o f i t p e r s h a r e ( R s )

3 0 . 4 4

2 2 . 5 4

9 9 . 0 5

6 . 0 0

-

6 . 0 0

D i v i d e n d p e r s h a r e ( R s )

6 . 0 0

-

6 . 0 0


30/31

2

2

9

9

Q

3 F Y 2 0 1 5 - 1

6 P e r f o r m a n

c e H i g h l i g h t s

B r e a k u p o f r e v e n u e d a y s

A v e r a g e T C Y D e t a i l s

M i x o f S p o t & T i m e

R e v e n u e D a y s

Q 3 ’ F Y 1 6

Q 3

’ F Y 1 5

O w n e d T o n n a g e

2 , 5 9 3

2

, 5 4 7

I n c h a r t e r e d T o n n a

g e

1 1 5

0

T o t a l R e v e n u e D a y s

2 , 7 0 8

2

, 5 4 7

T o t a l O w n e d T o n n a g e (

m n . d w t ) *

2 . 3 6

2 . 4 5

A v e r a g e ( T C Y

$ p e r d a y ) Q 3 ’ F Y 1 6 Q 3 ’ F Y 1 5

% C h g

C r u d e C a r r i e r s

3 0 , 7 6 7

1

9 , 2 3 7

5 9 . 9 %

P r o d u c t C a r r i e r s ( I n c l . G a s )

2 4 , 0 9 2

2

4 , 0 6 1

0 . 1 %

D r y B u l k

6 , 3 2 0

1

0 , 7 7 2

( 4 1 . 3 ) %

* A s o n 3 1 s t D e c e m b e r

D a y s ( i n % )

Q 3 ’ F Y 1 6 Q 3 ’ F Y 1 5

D r y B u l k

S p o t %

9 2 %

8 5

%

T i m e %

8 %

1 5

%

T a n k e r s

S p o t %

7 3 %

8 0

%

T i m e %

2 7 %

2 0

%

T o t a l

S p o t %

7 8 %

8 0

%

T i m e %

2 2 %

2 0

%


31/31

T H A

N K Y O U

v i s i t u s a t w w w . g r e a t s h i p . c o m

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