O
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
Oil pric
tilization
ecline in
US$99.9m
ower oil an tilization, lea ontraction he global vo ostponement xploration ac emained bearis o rise while de
rowth forecas ompanies ag xploration an ontracts for l tilization rates f 2015.
wned Vessel ur high tier ve nd developme essels, which l industry. Thi gh tier vesse econd half com
the Owned V 5.9 million, lar 7% in 2015 co
owever, there Q2015 compa eturned in Ind rojects which h
hartering Div evenues from ffected by the
2015 comp argins from C
irect Expense anagement to arm stacking esulted in an 1
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
ce unc
, leading
n WINS
million in 2
nd gas acti ading to low
olatility in oi of developm ctivities were sh in 4th quart
mand was be sts were re ggressively c nd demande ower charter and margins,
s
essels which a ent were hit ha mainly suppo is resulted in els where utili mpared to 80%
Vessel segme rgely because ompared to 73
e was a sligh ared to the pre donesia, espe had been post
vision m the Charte
downturn, fal pared to the Chartering wer
es
ook action to to reduce 18% YOY fall
HORE MARIN
155
2
certainty
g to a
total r
2015.
ivity over 2 wer revenue
l prices led ment projects halted. G ter as oil prod low expectatio evised down.
cut capital ed to reneg r rates, whic , especially in
are geared tow arder than the ort the product a sharper fall ization dipped % the previous
ent, revenue e of the lower 3% in 2014.
ht improvemen evious quarter ecially for som
tponed for ove
ering Division ling by half to
previous ye e only margin
o reduce cas crew and fu in crew costs
revenue
2015 impact es and marg
to widespre while most Global sentim
uction continu ons as the glo . Oil and g
expenditure gotiate exist h impacted o the third quar
wards explorat mid and low utilization rate
nt in revenue as some activ me developm er 12 months.
n were simila US$ 27.1mill ear, while gro
ally lower.
h costs throu el costs, wh s and 14% Y lebih d
Chart
mpak ke
hadap
urunan
njadi US$
urangan ak ampak pada aksi margin runan secara ndaan proyek ir semua akti h tetap membu
naik walaupu aan pertumb ak dan gas de eksplorasi runkan tarif s n, khususnya p
l Milik pak atas kap
orasi dan pen
ow tier, yang ni menyebabk an penuruna dingkan 80%
segmen Kapa juta, disebab 2015 dibandi
un, terdapat s al IV tahun 20
lik aktifnya b rapa proyek p dari 12 bulan.
tering Divisio
apatan dari si buruk ini, tu 2015 diband
ering hanya tu
n-beban Lang jemen menga ui warm stack
n bakar, yang
etidakpas
utilisas
44%
$ 99,9 juta
ktivitas miny a utilisasi,a global pada k pengemban
ivitas eksplora uruk dalam kw un permintaan
buhan global engan agresif dan melaku sewa, yang be
pada kwartal k
pal high tier
gembangan l bekerja di tah kan pendapata
n utilisasi k pada tahun la
al Milik, penda kan utilisasi ngkan 73% pa
sedikit perbai 015 dibandingk beberapa akti
pengembanga
on
Chartering D
urun setengah dingkan tahu urun sedikit.
gsung ambil tindakan
king untuk me g hasilnya pen
NO. 4
stian har
si
m
pendapa
a pada ta
yak dan gapenurunan
a harga miny ngan di mana asi dihentikan wartal IV karen n tidak naik se yang men memotong pe ukan negosia erdampak terh ketiga tahun 2
yang disiapk ebih terasa da hap produksi d an kapal high
ke 50% di alu.
apatan turun 4 yang rendah ada tahun 201
kan pada pe kan kwartal se
vitas di Indo an yang telah
Division juga hnya menjadi U
n lalu, seme
n untuk meng ngurangi beb nurunan 18%
48/NL/III/20
Page
rga min
menyebab
atan W
ahun 2015
as selama pendapatan
yak menyeba a-mana seme n. Sentimen g na produksi m ehubungan de urun. Perusa embelanjaan m asi kontrak
hadap utilisas 2015.
kan untuk pro aripada kapal di industri min
h tier anjlok ta semester ke
41% menjadi yaitu 57% p 14.
endapatan sel ebelumnya ka nesia, khusus h ditunda sel
dipengaruhi US$ 27,1 juta ntara marjin
fa
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
all in other op epreciation ar uring the ye esulting in low
5.1% a year a
otal direct ex Y2015 as com
Gross Profit Gross Profit wa
o US$ 58 millio
ndirect expen Tighter cost c
xpenses, and ull year of 2 FY2014.
ther Income/ espite taking essel, total Inte
illion for FY2 here was a s essels, howev aw a sharp r S$ 1.6 million
fter the impai ebts and asse ttributable to BITDA for the
ssets and Fle he lower vo hartering div eceivables and
view of the nd the likeliho anagement th oubtful debts o PSC custome
uring the yea ne new unit rovision for as eet, thus total nd 2015 comp
et of impairme ur fleet as at e
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
perating costs rising from th
ar, total dire wer gross ma
go.
xpenses fell 2 mpared to the p
as US$ 12.8 on the previou
nses and ope controls result operating pro 2015, compa
Expenses an on new debt erest expense 2015, largely
light loss of U ver, equity in t
ecovery from in FY2015.
rment charge et values, the Shareholder full year reac
eet
lume of bus vision, resul d payables.
uncertain out ood of a longe hought it prud of US$ 2.5 m er that has clo
ar we sold th of 6000BHP sset impairme assets declin pared to US$ 5
ent and reclas end 2015 was
HORE MARIN
155
2
. However be he delivery o ect expenses argins of 13.8
27% to US$ preceding yea
million for FY us year.
erating profit ted in a 23% because of d US$ 173,000
the net earnin US$ 500,00
for long outs e Company m rs of US$ 5 ching US$ 30.7
siness, in pa lted in red
look for the i er period of lo
dent to make illion, mainly sed operation
ree older ves P AHTS. We ent of US$ 1 ned to US$ 44 501 million las
ssification the US $361 milli
E Tbk ecause of hig of a new ves s fell only 7 8% compared
87.1 million ar.
Y2015, compa
% fall in indir 2.9 million for 45.2 million
uisition of a n YOY to US$ debt repayme
from the sale gs of associa 00 in FY2014
standing doub made a net lo 5.7 million, w
7 million.
articular for duced acco
ndustry in 20 ow oil prices, e a provision
receivables fr ns in Indonesia
ssels and add e also made .1 million in o 46 million at ye st year.
e carrying cost ion.
Nilai b akhir 2
dan penurun a penyusutan n langsung h adi 13,8% diba
beban langsu 2015 dibandi
Bruto bruto sebes dingkan deng
n usaha dan endalian biaya pada beban t uta selama ta
2014.
apatan/Beban ma tahun 201
untuk pembel ding tahun asan sebagia 173.000 dari alami kenaika adi US$ 1,6 jut
ah penurunan o dan nilai a busikan kepad an EBITDA se
dan Armada me bisnis yan
, menyebabka
pertimbangkan 2016, dan h, manajeme a sebesar US ng kepada sinya di Indon
ma tahun berj mbah satu kukan penurun sehingga tota 2015 dibandi
buku armada 2015 adalah s
nan 14% pad n dari kapal ya anya turun 7 andingkan 45,
ung turun 27% ngkan tahun s
sar US$ 12 an US$ 58 jut
laba usaha a yang lebih idak langsung hun 2015 dib
n Lain-lain da 5 meskipun t ian kapal bar
lalu menjad n pinjaman. W penjualan kap an tajam dari
ta pada tahun
n nilai atas aset, Perusah da pemegang elama setahun
ng lebih rend an turunnya sa
n ketidakpast kemungkina n melakukan S$ 2,5 juta, ya
perusahaan nesia.
alan, kami te unit baru nan nilai aset al aset turun m
ngkan US$ 50
setelah penur sebesar US$ 3
NO. 4
da beban op ang baru diter 7% sehingga
1% pada tahu
% menjadi US sebelumnya.
2,8 juta sela ta pada tahun
ketat mengh g dan laba op bandingkan U
an EBITDA terdapat pena u, total beban di US$ 9,4 Walaupun terja
pal, namun la US$ 500.000 n 2015.
piutang yang haan mengala g saham sebe n mencapai US
dah, khususn aldo piutang d
tian masa de an berlanjutn kebijakan pen ang sebagian
KKKS yang
elah menjual AHTS 6000 sebesar US$ menjadi US$ 4
01 juta tahun
runan nilai dan 361 juta.
48/NL/III/20
Page perasi lain. N
rima tahun ini marjin bruto un lalu.
$ 87,1 juta se
ama tahun 2 lalu.
hasilkan penu perasi menjad S$ 45,2 juta
ambahan pinj n bunga turun juta, diseba adi sedikit ker
ba entitas as 0 pada tahun
g telah lama ami kerugian
esar US$ 5,7 S$ 30, 7 juta.
nya segmen an utang usah
epan industri ya harga m ncadangan pi n besar merup
g telah me
tiga kapal tua BHP. Kami 1,1 juta di ar 446 juta pada lalu.
Ne Ne lo en
In Al th Ar fre se re ar gl su
Lo sig th ha pr af pi re ha (s
In so st w ba ye co dr ra va se ut en
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte et Gearing et gearing fell an disbursed nd was US$ 1
ndustry Outlo lthough 2016 e recent discu rabia, Russia eeze is likely. entiment and ebounded off re still high an
obal growth f ustained recov
ooking further gns. US oil p e cost of oil se alf since the roduction. The ffected future ck up next ye ecovery. The U as projected d see below cha
n Indonesia, ome projects
arted in hich had been ack for the ear. Although ompetition riven down ch ates, our h
alue vessels een
tilization since nd of last year
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
l to 57% as lo for the new v
20 million.
ook
started with ussions amon and Iran seem This has inje at the time their lows. H nd expectation for 2016 poin very in oil price
r into the futu production has ervices has be peak, there e severe cuts oil productio ear, there cou US Energy Inf demand and s
rt).
have 2016 n held past price has harter higher have better e the r.
HORE MARIN
155
2
oan repaymen essel. Total b
a sharp decl ngst major oil m to indicate t ected some st e of writing, However, worl
ns for continu nt to a lack o es in the near
ure, there are s been declin een reduced b
by reducing s in capital e on capacity.
uld well be a formation Adm upply equilibr
E Tbk nts exceeded bank debt at ye
ine in oil pric producers Sa that a product tability in mar oil prices ha ld oil inventor
ing weakness of stimulus fo r term.
e some posit ing steadily, a by approximat the cost of xpenditure ha Should dema a robust oil pr ministration (E ium in mid 20
Net G
the ear
Net ge
pinjam pada
Prosp ces,
audi tion rket ave ries s in r a
Walau pemb Arab kemun telah penuli dari p dunia pertum stimul jangka
tive and tely oil ave and rice EIA) 17.
Lebih positif terus-kira-ki produ telah Ketika menye Admin memp keseim
Gearing
earing turun k man yang dite akhir tahun ad
pek Industri upun 2016 dim
icaraan belak Saudi, Rusi ngkinan peng
mengakibatk isan newslette
posisi terenda masih tin mbuhan globa lus terhadap p a pendek.
jauh lagi ke f. Produksi m -menerus dan ira setengah ksi minyak.
mempengaru a permintaa ebabkan pem nistrasi Info proyeksikan p
mbangan pad
ke 57% karena erima untuk k dalah sebesar
mulai dengan kangan ini a ia dan Iran ghentian kena kan sentimen
er ini, harga m ahnya. Namu nggi dan p al selama tahu
pemulihan be
masa depan, inyak Amerika n biaya jasa la nya, dengan Pemotongan uhi kapasitas n kembali mulihan harg ormasi Ener
permintaan d a pertengahan
NO. 4
a pembayaran kapal baru. To r US$ 120 juta
penurunan ta ntara pengha kelihatannya aikan volume pasar lebih minyak telah m n demikian p perkiraan te un 2016 menu rkelanjutan ha
terdapat beb a Serikat men ayanan minya n demikian
besar-besar produksi min
naik tahun ga minyak rgi Amerika dan penawar n 2017 (lihat g
beber dimul 2016 di ta Wala harga menja namu value memp yang akhir
48/NL/III/20
Page n pinjaman me
otal pinjaman a.
ajam harga mi asil minyak u a mengindika e produksi. H stabil pada mengalami reb
persediaan m erus melema unjukkan kuran arga minyak d
berapa tanda-ngalami penu ak telah berk mengurangi ran belanja m
nyak masa d n depan, yang lebih a Serikat ran mencapa grafik di bawa
Di Indone rapa proyek
ai pada yang telah di ahun sebelum
upun kom a
atuhkan tarif s un Kapal h e kami peroleh ut lebih baik tahun lalu.
016
e | 3 elebihi
bank
inyak, utama asikan Hal ini saat
bound
minyak ahnya ngnya dalam
-tanda runan urang biaya modal epan. dapat baik. telah i titik h).
S T p c b c to
O g w s
W m g w s to
W p a
F
D
C st an ar fo in qu th
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte Strategy The sharp and past year has cost monitorin been the im commitment fr
o work togeth
On the marke gaining more v will continue secure higher
We are optimis market will p overnment is which will be everal develo o start product
With the increa icked up. C mounted to U
For further info
DISCLAIMER
ertain statements tatements relating t nd projections. The re based upon ass orecasted in such
formational purpos ualify, supplement he purpose of makin
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
d sudden dow led to a sha g. The silver mprovement
rom managem er to improve
eting front w visibility in So to expand o utilization for o
stic that the re pick up as s targeting a
contributed opment projec
tion in the com
ase in activity Contracts on
S$ 170 million
ormation, pleas
made in this public to business and op ese statements are umptions as to futu statements. The C ses only and is not
or amend informati ng investment deci
HORE MARIN
155
2
wnturn in the arper focus on
lining in this in controls ment as well a
quality and ef
we have been outh and South our internatio
our higher val
ecent activity oil prices s n improveme by the com cts in Indones ming few years
y, our order b hand as a n.
se contact:
E
cation involve a nu perations of PT Win not guarantees of ure events that ma Company makes n t intended as a sol ion disclosed unde sions concerning a
E Tbk industry in t n efficiency a experience h and renew s staff and cre ffectiveness.
n successful h East Asia a onal network
ue vessels.
in our domes stabilize. T ent in oil lifti mmencement
ia which expe s.
books have al at March 20
Ms P In
PT Winterm Tel (62-Email: investo
umber of risks and ntermar Offshore M future performance y not prove to be a no commitment, a licitation or offering r corporate and sec any securities of the
the nd has wed ew
Strate Penur meng monito dalam para kualita
in nd to
Dari jangka dan t memp stic The ng of ect
Kami dome minya produ beber diperk
lso 16
Denga perole dipero
Untuk
Pek Swan Lay vestor Relatio
mar Offshore M 21) 530 5201
or_relations@w
d uncertainties that Marine Tbk and Sub e and involve risks accurate. Therefore and disclaims any g of securities in an
curities legislation o e Company.
egi
runan industri akibatkan fo or biaya. Hik m kontrol dan staf serta aw as dan efektifi
segi pemas auan yang le tetap akan m peroleh utilisas
optimis bahw stik akan m ak. Pemerint ksi minyak rapa proyek kirakan memu
an adanya ke eh juga bert oleh pada akh
k informasi tam
yanto ons
Marine Tbk Ext 401
wintermar.com
t could cause actu bsidiaries (the Com , uncertainties and e, actual outcomes duty, to update o ny jurisdiction. The of any jurisdiction a
yang tajam d kus yang le kmah dari pe pembaharuan wak kapal un
tas.
saran kami bih luas di A mengembangk si yang lebih t
wa aktivitas ya meningkat sei tah saat in yang akan k pengemba lai produksi d
enaikan aktivit tambah. Nila
ir Maret 2016
mbahan, silahk
m
ual results to differ mpany) are based o assumptions that and results may d or revise any of th e information conta applicable to the Co
NO. 4
an tiba-tiba pa ebih tajam p
ngalaman ini n komitmen da ntuk bekerjas
telah berha Asia Selatan d
an jaringan i tinggi untuk ka
ang terjadi bel ring dengan i menargetka
dipenuhi de angan di alam berapa t
tas, berapa k i kontrak-kon sebesar US$
kan hubungi :
materially from th on management’s e are difficult to pred differ materially from
hese statements. ined in this publica ompany and should
48/NL/III/20
Page ada tahun lalu
ada efisiensi berupa perb ari manajeme sama mempe
asil mendap dan Asia Ten internasional apal higher va
lakangan di p stabilnya h an penamba engan dimula Indonesia y tahun mendat
kontrak yang k ntrak yang t $ 170 juta.
hose projected. Ce expectations, estim dict. Certain statem m what is expresse This publication is ation is not intende d not be relied upon
016
e | 4 u telah
i dan baikan
n dan erbaiki
patkan ggara untuk
alue.
pasar arga ahan ainya yang tang.
kami telah
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
(U SD )
D irect e Depre Crew Oper M ain Fue l Chart Othe To tal D
Indirect Adm i Depre Office Profe Staff s Staff t Telec Trave M ark Dona Em pl To tal In
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com expense
eciation w ing
rations tenance Bunker
tering rs
irect exp en se
t expenses nistration eciation offic e e utility esional fee
sal ary traini ng & recr com uni cation elling keting ati on
oyee Benefi t ndirect expen
HORE MARIN
155
2 e
e
reation
ses
E Tbk
FY 2015
27 ,54
13 ,95
5 ,21
5 ,98
4 ,14
24 ,67
5 ,60
87 ,11
21
25
72
42
6 ,15
14
7
38
84
1
67
9 ,90
5
42,450 2 57,339 1 13,584 82,587 40,114 73,169 4 02,346
11,590 11
19,070 52,518 21,678 22,269 57,912 40,638 76,938 81,756 45,632 14,410 71,820 04,640 1
FY 2014
25,96 2,581 17,09 7,494
5,71 1,605
7,29 5,724
4,85 9,061
48,84 1,643 9,13 9,912
18,90 8,020
61 9,606
31 3,514
93 4,278
49 2,051
8,27 3,602
24 7,004
11 4,473
48 9,112
64 6,675
2 7,380
65 4,676
12,81 2,371
NO. 4
C hange
1,579,87
(3,140,15
(498,02
(1,313,13
(718,94
(24,168,47
(3,537,56
(31,796,43
(400,53
(60,99
(212,60
(69,78
(2,115,69
(106,36
(37,53
(107,35
198,95
(12,97
17,14
(2,907,73
FY2015 v
48/NL/III/20
Page %
7 0
5 5) -1
2 1)
-3 7) -1
4 7) -1
7 4) -4
6 6) -3
3 0) -2
3 6) -6
9 6) -1
0 0) -2
8 2) -1
9 0) -2
6 6) -4
3 5) -3
5 6) -2
5 7 3
7 0) -4
4 3
3 1) -2
vs F Y201 4 016
e | 5
6% 8% 9% 8% 5% 9% 9% 7%
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
PT WINT (USD)
PROFIT A Revenue
Owned Charte Others Total Rev
Direct ex Owned Charte Others Total Dir Gross pr
Gross pro Gross pro Gross pro
Total Ind Operatin
Other inc Interes Interes Equity Net - G Forex Others Total Oth Net inco Total tax Income ( Non con
EBITDA
Weighted Weighted NET INC SHAREH
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com ERMAR OFF
AND LOSS e
d vessel ering s
venue
xpense d vessel ering s
rect expense rofit
ofit - owned ve ofit - chartering ofit - others
direct expens ng profit
come (expen st expenses st income
in net earning Gain (loss) on
gain (loss) s
her income (e me (loss) bef x expenses
(loss) before trolling inter
d Average EP d Average EP OME (LOSS) HOLDERS
HORE MARIN
155
2
SHORE MAR
ssel g
ses
ses)
g of associates sale of fixed a
expenses) fore tax
non controll rest
PS - USD Cen PS - Equivale ATTRIBUTA
E Tbk RINE TBK AND
s ssets
ling interest
ts nt to IDR BLE TO
D SUBSIDIAR FY 2015
65,930
27,110
6,875
99,916
56,836
24,673
5,602
87,111
12,805
9,094
2,437
1,273
9,904
2,900
(9,402
262
1,643
(173
31
(3,817
(11,454
(8,554
(1,198
(9,752
(4,060
(5,692
30,695
(0
RIES
2
0,781 11 0,249 5 5,890 1 6,920 17
6,075 6 3,169 4 2,346 1,590 11 5,330 5
4,706 4 7,080 3,544
4,640 1 0,690 4
2,009) (1 2,912 3,310 3,331) 1,767 7,455) 4,806) (1 4,116) 3 8,851) ( 2,967) 3 0,619)
2,348) 2
5,658 7
0.141) (19.5)
FY 2014
0,913,857 4,675,299 1,322,615 6,911,770
0,926,465 8,841,643 9,139,912 8,908,020 8,003,750
9,987,392 5,833,655 2,182,703
2,812,371 5,191,378
1,807,894) 230,315
500,147
1,065
(187,210)
(482,227)
1,745,804) 3,445,574 2,998,721) 0,446,853 8,730,399
1,716,455
1,467,473
0.553 68.8
NO. 4
Change
(44,983,075
(27,565,050
(4,446,725
(76,994,850
(4,090,390
(24,168,474
(3,537,566
(31,796,430
(45,198,420
(40,892,686
(3,396,575
(909,159
(2,907,73
(42,290,688
2,405,885
32,597
1,143,163
(174,396
218,977
(3,335,228
290,998
(41,999,690
1,799,870
(40,199,820
(12,791,018
(27,408,803
(40,771,815
(0.694
(88.2
FY2015 v
48/NL/III/20
Page %
5) -41
0) -50
5) -39
0) -44
0) -7
4) -49
6) -39
0) -27
0) -78
6) -82
5) -58
9) -42
1) -23
8) -94
5 -20
7 14
3 229
6) -16375
7 -117
8) 692
8
0) -126
0 -60
0) -132
8) -147
3) -126
5) -57
4) -126
2) -128
vs FY2014 016
e | 6 1% 0% 9% 4%
7% 9% 9% 7% 8%
2% 8% 2%
3% 4%
0% 4% 9% 5% 7% 2%
6% 0% 2% 7%
6%
7%
