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20231106_HUMI_Laporan Informasi dan Fakta Material_31505635_lamp1.pdf
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Page 1
INVESTOR BULLETIN COMPANY OVERVIEW
OPERATIONAL UPDATE 9M 2023
OCTOBER 31st 2023 • Established back in 2016, PT Humpuss Maritim Internasional
Tbk (“HUMI” or “The Company”) is a subsidiary company of PT
Share Price Data Humpuss Intermoda Transportasi Tbk (HITS).
(as of October 31st 2023)
• At present, the Company’s business primarily involves ship
Ticker on IDX HUMI rental services, notably for the transportation of liquefied
natural gas (LNG), premium and crude oil transport services,
Last Closing Price (IDR): 147
chemical and petrochemical transportation, Floating Storage
Outstanding Shares: 18,046,450,000 Regasification Units (FSRU), and other marine support
services. .
Market Cap (IDR Bn): 2,650
• As a key supporter in the energy distribution industry
Shareholder Structure
especially in Indonesia, the company also manages and
PT Humpuss Intermoda Transportasi Tbk 76.50 enhances its maritime workforce through proven training
(%):
services backed by top expertise, ensuring competence in line
PT Humpuss Transportasi Kimia (%): 8.50 with international and national shipping standards.
Public (%): 15.00
Contact Us: COMPANY HIGHLIGHTS
Corporate Secretary • HUMI’s 9M2023 performance experienced notable revenue
Email: corpsec@humi.co.id growth, with a 7.4% increased compared to 9M2022 , reaching
PT Humpuss Maritim Internasional Tbk
USD 73.9 million. This growth was fueled by increased revenue
www.humi.co.id from vessel charter services, particularly in the Chemical
segment, reaching USD 24.1 million, a staggering 489.0%
surge compared to the previous year's USD 4.1 million.
• The Company reported a net profit of USD 11.6 million in
9M2023, showcasing a significant surge of 33.7% compared to
the previous year's net profit of USD 8.7 million.
REVENUE BREAKDOWN
9M23 Percentage to 9M22 Percentage to
Revenue YoY Growth
(USD ‘000.000) Total (USD ‘000.000) Total
Chemical 24.1 32.6% 4.1 6.0% 488.0%
LNG 16.5 22.3% 22.0 31.9% (25.0%)
Crude and Fuel Oil 13.7 18.5% 14.9 21.6% (8.0%)
Offshore Support Vessel 10.1 13.7% 10.3 14.9% (1.9%)
FSRU 7.1 9.6% 8.9 12.9% (20.2%)
Crew Management Service 1.0 1.4% 1.1 1.6% (9.0%)
Marine Support 0.7 0.9% 1.1 1.6% (36.4%)
Ship Management Service 0.6 0.8% 0.2 0.3% 200.0%
Manning Training Center 0.1 0.2% 0.3 0.4% (66.7%)
Dredging and Reclamation - - 6.0 8.7% -
GRAND TOTAL 73.9 100% 68.9 100% 7.3%
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FINANCIAL HIGHLIGHTS Statement of Profit & Loss
• The Company attained a total revenue of In USD million 9M23 9M22 YoY 2022 2021 YoY
USD 73.9 million, showing a noteworthy
7.3% increase from the previous year. Revenue 73.9 68.8 7.4% 91.5 66.6 37.4%
Gross Profit 20.6 20.4 1.0% 26.6 7.7 245.5%
• This significant rise driven by a substantial
surge in vessel leasing revenue, notably in Margin 27.9% 29.7% - 29.1% 11.6% -
the Chemical segment, reaching USD 24.1 Operating
million, a remarkable 489.0% rise from 13.3 11.8 12.7% 12.3 (12.1) -
Profit
the prior year. Margin 18.0% 17.2% - 13.4% (18.2%) -
• Moreover, performance growth as of Net Profit 11.6 8.7 33.3% 10.9 (13.0) -
September 2023 is attributed to the
Margin 15.7% 12.6% - 11.9% (19.5%) -
Company's efficient vessel utilization and
optimized client contracts, driving overall EBITDA 30.7 32.7 13.3% 42.2 18.6 126.9%
success.
Margin 41.5% 47.5% - 46.1% 27.9% -
ASSETS & LIABILITES POSITION
• As of September 30, 2023, HUMI's total assets of $254.6 million exhibited a growth of approximately 5.56%
from the figure of $241.2 million reported at the end of 2022.
• By September 30, 2023, the total liabilities had increased by approximately 18.75% from USD 76.2 million to
USD 90.5 million.
• As of September 30, 2023, HUMI's total equity had grown by about 18.92% from USD 137.9 million to USD
164.0 million.
• HUMI continue to maintain its healthy financial position with improved Debt-to-Equity and Current ratios. These
ratios are now stand at 0.5x and 2.3x respectively.
ASSETS LIABILITIES EQUITY
254.6 164.0
210.4 214.2 137.93
110.7
99.7
90.5
76.2
2021 2022 9M2023 2021 2022 9M2023 2021 2022 9M2023
Note: in USD million
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HUMI POISED TO CAPITALIZE ON INDONESIA’S METHANOL
MARKET SURGE UNDER B35 REGULATION
The methanol cargo is directed mostly for Methanol Transportation Volume
domestic use in Indonesia, in 2023, with a In Megatonnes 2017-2023
production capacity of 660,000 MT annually. PT 660.0
Hutama Trans Kencana, HUMI’s subsidiary, has 593.4
held a domestic methanol transportation
contract with PT Humpuss from 2013 up until 411.4
2031. The nominated vessels for this 348.1 364.8 376.5
transportation include MT Griya Melayu and MT 301.3
Griya Bugis as Methanol dedicated vessel, and
others such as MT Griya Ternate, MT Hanyu
Glory, MT Asian Rigel, MT New Stella, and also
several chartered in vessel.
PT Hutama Trans Kencana has held a methanol 2017 2018 2019 2020 2021 2022 2023F
transportation contract initially for a five-year
duration. This contract has been extended for FAME LOGISTICS SERVICE
an additional ten years, effective from January
1, 2021, through December 31, 2031. This The government's policy shift towards Renewable Energy and
contract extension solidifies HUMI's position as Energy Conversion (EBTKE) has led to the adjustment in
a key player in the transportation of methanol biodiesel allocation from B30 to B35, in 2023, resulting in a
within Indonesia, aligning perfectly with the B35 23% surge in allocation. PT Hutama Trans Kencana has also
regulation's increased domestic demand for been actively involved in the regular shipment of FAME (Fatty
methanol. Acid Methyl Ester) under spot charter systems for various
Producers such as PT USDA Seroja (Wilmar Group), PT Lintas
This policy places HUMI in a advantageous Maritim Indonesia (KPN Corp), PT Jhonlin Marine Trans (Jhonlin
position as the company will be responsible for Group).
transporting methanol across the country,
considering the increased domestic demand due The nominated vessels for FAME transportation includes MT
to the B35 regulation in Indonesia. Griya Ternate, MT Hanyu Glory, MT Asian Rigel, MT New Stella
and other vessels chartered through schemes like time charter
in and spot charter vessels.
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