U Ming Marine Transport : 2Q22 Investment Forum held by Capital Securities

裕民航運股份有限公司

U - Ming Marine Transport Corporation

T W S E S t o c k c o d e : 2 6 0 6 T T

群益金鼎證券 2Q22投資論壇

2022/6/21

Disclaimer

This presentation contains forward-looking statements. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. Actual results may differ materially from those expressed or implied by these forward-looking statements. Because of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this presentation might not occur in the way we expect, or at all. You should not place undue reliance on any forward- looking information.

In preparing the information herein, U-MING have relied upon and assumed, without independent verification, the accuracy and completeness of all information available from public sources or which was provided to U-MING or which was otherwise reviewed by U-MING. Neither U-MING nor its advisors have made any representation or warranty as to the accuracy or completeness of such information and nor do they assume any undertaking to supplement such information as further information becomes available or in light of changing circumstances. None of U-MING, nor any of their respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. Neither this presentation nor any of its contents may be reproduced to a third party without the prior written consent of U-MING.

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營運績效

Key Performance

群益金鼎證券 2Q22投資論壇

多元化的船隊配置

Large Diversified Dry Bulk Fleet

~6.5* years		8,703,738
average age of bulk carriers		total DWT

	Current (# of vessels)			NB		Total*
Vessel Type	Owned Managed	JV	Total	%		No.	No.	%
Dry Bulk
VLOC	2	0	0	2		4%	0		2	3%
Capesize	12	0	3	15		26%	8		23	32%
Panamax	11	8	3	22		39%	3		25	35%
Supramax/Ultramax	6	0	0	6		11%	0		6	8%
Others
Cement Carrier	4	0	0	4		7%	1		5	7%
Oil Tanker	0	0	4	4		7%	0		4	6%
Offshore Wind Vessel	2	0	2	4		7%	2		6	8%
Overall Group	37	8	12	57		100%	14		71	100%

*: As of May 2022

2022H2：10

2023	： 3
2024	： 1	4

市場運價穩定成長 2022年前五月營收較去年同期成長13%

Freight rate maintains positive momentum to drive strong earnings

2022/1~5

Consolidated revenue

NT$5,418m

Revenue % by Vessel Type

2021/1~5	5%	21%	46%	9%		17%

2022/1~5	5%	26%	41%		15%	10%3%
	0%	20%	40%	60%	80%	100%
			CEMENT			PANAMAX		CAPE
			Supramax			VLCC			CHARTER-IN
			MGMT Ship			CTV

Year		Q1 2022	2021
	comparison
Revenue	(NT$M)	3,046	+ 24%
Gross profit	(NT$M)	1,047	+ 192%
Gross profit margin		34.4%	+ 136%
Net Profit	(NT$M)	843	+ 146%
EPS	(NT$)	1.00	+ 146%
EBITDA %		49%	17%
Cash on hand	(NT$M)	16,277	+ 23%
ROE %		12.3%	+ 110%
ROA %		5.2%	+ 131%
Liability %		57%	-7%
Operating Cash Flow	1,570	66%

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