W
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
WINS Gro
H2016 to
.8 millio
better mar
wned Vessel
High tier vesse 2% in 1H2016 he resumption een suspende ontracts. Bec mplemented s Owned Vessel
n Gross profit
hartering
hartering D S$ 13.6 millio wing to one-of
e year end.
ther Revenue
ross profit fro S$ 600,000 c ear resulting fr
irect Expense
wned Vessel ame period in rew and fuel
essels was do ith overall gr eporting period
ross Profit
ross Profit gr om US$ 8.8 m
all divisions.
ndirect expen
direct expens ost controls i xpense categ 9% below 1H2
ari Raya bonu
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
oss Profi
o US$ 10.
on in 1
rgins in a
s
els experience 6 compared to n of one dev ed since Janu cause of succ since last ye l division, ther
at USD 7.9 m
ivision reve on with a rise ff contracts w
e
om others so compared to rom a lump su
es
cash costs n the previou costs. Total own 14% aga ross margin d from 16.3%
rew by 19% i million for 1H2
ses and oper
ses fell by 21 implemented, ories. Salary 2015 despite uses in June 2
HORE MARIN
155
2
it grew b
.5 million
H2015,
all divisio
ed an increase o 58% in 1H20 elopment con uary 2015, and cessful cost c
ar, margins i reby providing illion compare
enues rose e in profit to which are expe
ources also r US$ 186,000 um bill.
were lower c us year, prim direct expen ainst a 10% d
improving to a year ago.
n 1H2016 to 2015, driven b
rating profit
1% in 1H2016 which led t expenses in the additiona 2016.
e in utilization 015, largely fr ntract which h d some new s
ontrol measu improved in g a 5% increa ed to 1H2015.
by 11% US$ 2.0 mill ected to finish
rose in 2016 in the previo
compared to arily from low nses for Own
rop in revenu o 21.5% in t
US$10.5 mill by better marg
6 owing to st to falls in m particular we al month paid Milik t bruto
ba Bruto
mester I t
a dari US
orong ol
a semua
l Milik
-kapal high tie semester I ta umnya, sebag ak pengemban beberapa kont yang dilaksan en Kapal Mil laba bruto m ster I tahun 20
tering
apatan segme an peningkata an kontrak one
apatan Lainn
bruto dari 600,000 diba disebabkan ol
n-beban Lang
n tunai Kapal sama pada n awak kapal d turun 14% me
keseluruhan oran ini dari 1
Bruto
bruto tumbuh 10,5 juta dari marjin yang leb
n usaha dan
n tidak langsu a penerapan akibatkan pen usnya beban umnya meskip
WINS
tahun 201
S$ 8,8 jut
leh marj
segmen.
er mengalami ahun 2016 dib gian besar be
ngan yang tel trak spot. De nakan sejak ta lik, sehingga menjadi sebes
015.
en Chartering an laba menj e-off yang aka
nya
sumber-sumb andingkan US leh tagihan lum
gsung
Milik lain leb tahun lalu, te dan bahan ba eskipun penda yang memba 6,3% dalam p
h 19% pada s US$ 8,8 juta bih baik pada
laba operasi
ung turun 21% n pengendal nurunan pada n gaji 19% pun THR diba
tumbuh
16 menja
ta pada p
jin yang
.
kenaikan utili bandingkan 5 rasal dari kela ah ditunda se engan suksesn
ahun lalu, mar mengakibatk sar USD 7,9 j
naik 11% me jadi US$ 2,0 an selesai pad
ber lainnya j SD$ 186,000
mp sum.
bih rendah dib erutama diseb
kar. Total beb apatan turun 1 aik menjadi 21 periode yang s
semester I ta a selama peri semua segme
% pada seme ian biaya y a hampir sem
lebih rend yarkan pada J
Page
19% p
adi US$ 1
periode l
lebih b
isasi menjadi 58% pada per anjutan pada ejak Januari 2 nya pengenda rjin membaik p kan kenaikan juta dibanding
njadi US$ 13, 0 juta sehubu
da akhir tahun
uga naik me pada periode
bandingkan pe babkan renda ban langsung
0%, dengan m 1,5% pada pe sama tahun la
ahun 2016 me iode lalu, dido en.
ester I tahun yang ketat,
ua kategori b dah dari pe
Juni 2016.
enjadi e lalu
eriode ahnya Kapal marjin eriode alu.
enjadi orong
As
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
s a result, ope 1H2016, a ris ompared to 6%
ther Income/
terest expen cheduled deb ale of a vesse a book loss o
BITDA for 1H2 9% compared
ssets and Ge
et gearing fe H2015.
ndustry Outlo
everal oil and f the cost defl nger duration e Offshore S oticeable dow ompete for the
lobally, there eem to have tu
test forecasts nd supply of rengthening o n the supply o xpenditure tha obal supply in acKenzie Res S$ 310 billion S$ 1 trillion fo radually increa ut-backs in ca ajor oil compa
With the stabil een a few OS ore. We see ave started to urrent depress at the OSV ecause of the
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
erating profit ju se in operating % last year.
Expenses an
nses fell 8% bt repayment
el in 1Q2016. of US$ 1.9 mil
2016 amounts to the same p
earing
ll to 52% as
ook
gas compan lation in oil se s. However, b Support Vesse wnward trend e few longer te
e is more co urned around s seem to poin
oil sometim oil price towar outlook comes at have happe ncreases over search has da n in capex sp or the period asing trend in apital spending
anies to increa
lization of oil SV tenders for e this as an o lock in lowe sed rates. Th charter rates lower demand
HORE MARIN
155
2
umped 89% to g margin to 13
nd EBITDA
% to US$ 4 and a prepa The sale tran lion recorded
s to US$ 20.3 period last yea
compared to
ies are now ta ervices to pro because of the el (OSV) indu in pricing a erm contracts
nsensus now and are movin nt to an equilib e in late 20 rds 2018. The s from the sha
ned since 201 r the next thre ata showing to pend in
2015-2020. oil prices in 2 g will limit the ase production
l prices recen r longer perio
indication tha er costs for oi
is is consiste s are near bo
d for offshore E Tbk o US$ 6.1 mill 3% for the per
.9 million af ayment after
nsaction resul in 1Q2016.
million, a rise ar.
o 60% at end
aking advanta ocure tenders e low demand ustry, there is as ship own
available.
w that oil pric ng upwards. T brium in dema 17, indicating e biggest imp arp cuts in cap 15 which will li ee years. Wo otal cuts of up -2016 and up This supports 2017 onwards e capacity of n.
ntly, there ha ds of 2 years at oil compan l services at nt with our vi ottom. Howev vessels, there
ion riod
Hasiln semes lebih p ces
nya, laba ope ster I tahun 2 pada periode i
apatan/Beban
n bunga tu ayaran bank alan kapal pa akibatkan ker 2016. DA selama 20,3 juta, naik
lalu.
dan Gearing
gearing turun ster I tahun 20
pek Industri
rapa perusah aat dari penu adaan tender a rendahnya pantai (OSV) pemilik kapal panjang yang eluruh dunia ak kelihatanny
raan terakhir k a permintaan yang mengi elang tahun 2
al dari pemot i sejak tahun l dalam tiga t punyai data ya
l tersebut me dan mencapa endukung ke 2017 ke d ngkatkan prod ukan oleh peru an adanya ke rapa tender O ebih. Kami m ahaan minya pelayanan m onsisten deng
ekati harga
erasi naik 89% 2016, ada ke ini dibandingk
n Lain-lain da
run 8% me k sesuai jad da Kwartal I t rugian sebesa
semester k 19% diband
menjadi 52% 015.
haan minyak urunan biaya untuk period permintaan ), terlihat jelas l bersaing un tersedia. sekarang terd ya telah berb kelihatan men dan penawar ndikasikan ad 2018. Dampak ongan tajam 2015 yang a tahun ke depa ang menunjuk encapai US$ ai US$ 1 triliun ecenderungan depan seiring duksi akibat p usahaan-perus
stabilan harga OSV untuk per
elihat ini seba k telah mulai minyak di teng an pandanga paling renda
NO. 50
% menjadi U enaikan marg kan 6% pada p
an EBITDA
enjadi US$ dwal dan p tahun 2016. T ar US$ 1,9 ju
I tahun ingkan period
% dibandingka
dan gas se di pelayanan e yang lebih di industri s tren penuru ntuk kontrak-k
dapat konsen alik dan seda unjukkan ada an minyak di danya pengua k terbesar da
pembelanjaan akan membata an. Wood Ma kkan pemoton 310 miliar d n selama perio kenaikan ha g rendahnya pemotongan b sahaan minya a minyak akhi riode lebih pa agai indikasi b nyaman den gah kelesuan an kami bahw ah. Namun,
0/NL/VII/20
Page S$ 6,1 juta d in operasi me periode lalu.
4,9 juta se pelunasan se Transaksi penj
uta pada Kwa
2016 se e yang sama
an 60% pada
edang menga n minyak den panjang. Nam kapal penduk nan harga ka kontrak berjan
nsus bahwa ang bergerak anya keseimba sekitar akhir atan harga m ari perkiraan s
n modal yang asi kenaikan s acKenzie Res ngan pembela dalam kurun ode 2015-2020
arga minyak a kapasitas belanja modal ak besar.
r-akhir ini, ter anjang dari 2 bahwa perusa ngan biaya re
harga saat in wa tarif sewa karena renda
016
e | 2 dalam enjadi
etelah etelah jualan artal I minyak suplai telah suplai earch anjaan 2015-0. Hal
pada untuk yang
st Th th ne O ba pr 20
Ho de st 20
St
M m a sh im m In flo O re O US
F
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
ill fierce com herefore, altho
e rest of th ecessarily imp SV industry acks by the ressure on pr 017.
owever, in evelopment pr
art operations 017 and 2018
trategy
anagement c aintaining hig
number of in hore-based mplemented.
arketing effort dia and the M ows, albeit at
SV market w ecovery in oil p ur current co S$ 137million For further info
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
mpetition for t ough there a he year and ply that vesse is still badly producers an ricing for the
the longer rojects in Indo s, and we exp which will inc
continues to h safety and q nitiatives in e
salaries, w We have ts to bid for lo Middle East t lower charte will stay weak
prices. ontracts on ha
.
ormation, pleas
HORE MARIN
155
2
tenders of lo re more tend early 2017, el charter rate affected by e nd explorers
rest of 2016
term, there onesia which a pect more ten crease vessel
focus on co quality standa arly 2016 to which were extended o onger term con
to lock in a lo er rates. We k through 20
and as at en
se contact: E Tbk onger maturiti ders for work
this does es will rise. T
expenditure c which will ke and through
e are seve are scheduled dering activity utilization.
st control wh rds. There we lower crew a e successfu ur internatio ntracts in Brun onger term ca believe that 17 and lag a
nd June 2016 es.
for not The cut-eep h to
permi ketat terdap tahun naik. belanj akan t tahun
eral d to y in
Namu terdap dijadw lebih b menin
Strat
hile ere and ully onal nei, ash the any
Manaj memp beber awak Kami menaw Timur sekali OSV pemu 6 is Nilai
sebes Untuk
ntaan atas ka untuk tender pat lebih bany
2017, hal in Industri OSV ja modal oleh tetap meneka 2017.
un demikian, pat beberapa walkan untuk banyak aktivit ngkatkan utilis
egi
jemen tetap f pertahankan s rapa ikhtiar pa kapal dan ka
telah mempe warkan kontr r Tengah untu
pun tarif sew akan tetap le lihan harga m kontrak yang sar US$ 137 ju k informasi leb
apal-kapal offs r jangka panja
yak tender sa ni tidak berart V masih terke h produsen da an harga samp
dalam kuru a proyek pen memulai op tas tender di t
asi kapal.
fokus pada pe standar kesel ada awal tahu aryawan darat
erluas upaya rak yang lebih
uk mengunci wanya lebih re emah selama minyak.
g kami miliki uta.
bih lanjut, silah
shore, masih te ang. Oleh se ampai akhir t ti bahwa tarif ena dampak b
an pengekspl pai akhir tahun
n waktu yan gembangan d erasinya, dan tahun 2017 da
engendalian b lamatan dan un 2016 untu
, yang telah b pemasaran i h panjang di aliran kas ya endah. Kami y tahun 2017
pada akhir
hkan hubungi
Page erdapat persa ebab itu, mes tahun ini dan f sewa kapal buruk pemoto lorasi minyak n 2016 dan se
ng lebih pan di Indonesia n kami perki an 2018 yang
biaya dengan kualitas. Ter uk menurunka berhasil ditera internasional Brunei, India ang lebih pan yakin bahwa
dan tertingga
Juni 2016 a
:
e | 3 aingan skipun awal akan ongan yang elama
njang, yang rakan akan
tetap rdapat an gaji apkan. untuk a dan njang, pasar al dari
D
C st an ar fo pu or m
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
DISCLAIMER
ertain statements tatements relating t nd projections. The re based upon ass orecasted in such s urposes only and is r amend informatio making investment d
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
made in this publ to business and op ese statements are sumptions as to fut statements. The Co s not intended as a on disclosed under decisions concernin
HORE MARIN
155
2
ication involve a n perations of PT Wi e not guarantees of ture events that ma ompany makes no c solicitation or offer r corporate and se ng any securities of
E Tbk
Ms P
In PT Winter
Tel (62 Email: investo
number of risks an ntermar Offshore M f future performanc ay not prove to be commitment, and d ring of securities in ecurities legislation
f the Company.
Pek Swan La
nvestor Relatio rmar Offshore -21) 530 5201 or_relations@
nd uncertainties tha Marine Tbk and Su ce and involve risk accurate. Therefo disclaims any duty, any jurisdiction. Th of any jurisdiction
ayanto
ons Marine Tbk 1 Ext 401 @wintermar.com
at could cause act ubsidiaries (the Co ks, uncertainties an re, actual outcome to update or revise he information con n applicable to the
m
tual results to diffe mpany) are based nd assumptions tha es and results may e any of these state tained in this public Company and sho
NO. 50
er materially from on management’s at are difficult to pre differ materially fro ements. This public cation is not intende ould not be relied
0/NL/VII/20
Page those projected. C s expectations, est
edict. Certain state om what is expres cation is for informa ed to qualify, suppl upon for the purp
016
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
(USD)
Direct e
Depr Crew Oper Main Fuel Char Othe
Total D
Indirec
Admi Depr Office Profe Staff Staff Telec Trave Mark Dona Empl
Total In
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
expense
reciation wing
rations tenance Bunker rter
rs
irect expens
t expenses
nistration reciation office
e utility esional fee
salary training & rec comunication elling keting ation
loyee Benefit
ndirect expen
HORE MARIN
155
2
e
e
reation n
nses
E Tbk
1 20
14,
6,
2,
2,2
11,
1,2
38,
2 2,
4,
H 16
058,448 009,443 030,543 214,279 770,544 740,035 260,393
083,684
73,658 102,461 266,272 184,934 899,243
67,212
29,259 112,864 309,915
8,954 302,006
356,777 1H 2015
13,675,742
8,373,158
2,149,926
2,763,469
2,218,650
11,257,122
4,629,257
45,067,324
133,849
130,729
421,961
167,518
3,585,776
85,544
42,983
151,674
442,175
8,685
378,390
5,549,285
Chang
382
(2,363
(119
(549
(1,448
482
(3,368
(6,983
(60
(28
(155
17
(686
(18
(13
(38
(132
(76
(1,192
1H-2016
Page
e %
2,706
3,715) -2
9,384)
9,189) -2
8,106) -6
2,913
8,864) -7
3,639) -1
0,191) -4
8,268) -2
5,689) -3
7,415 1
6,533) -1
8,332) -2
3,724) -3
8,810) -2
2,260) -3
269
6,385) -2
2,508) -2
6 vs 1H-2015
e | 5 3% 28% -6% 20% 65% 4% 73%
15%
45% 22% 37% 10% 19% 21% 32% 26% 30% 3% 20%
PT WINTE
Jl. Kebayor Jakarta 115 Tel : 62 2 Fax : 62 2 www.winte
PT WINT (USD)
PROFIT Revenue
Owne Chart Other
Total Re
Direct ex
Owne Chart Other
Total Dir Gross p
Gross pr Gross pr Gross pr
Total Ind Operatin
Other in
Intere Intere Equity Net - Forex Other
Total Ot Net inco Total tax Income Non con
EBITDA
Weighte Weighte
SUM
NET INC SHAREH
RMAR OFFSH
an Lama No 1 560 Indonesia 21 530 5201 / 21 530 5203 rmar.com
TERMAR OFFS
AND LOSS e
ed vessel tering rs
evenue
xpense
ed vessel ter rs
rect expense rofit
rofit - owned ve rofit - chartering rofit - others
direct expense ng profit
come (expens
est expenses est income
y in net earning Gain (loss) on x gain (loss) rs
her income (e ome (loss) befo
x expenses (loss) before n ntrolling intere
ed Average EP ed Average EP
MARY P
COME (LOSS) HOLDERS
HORE MARIN
155
2
SHORE MARIN
essel g
es
ses)
g of associates sale of fixed as
expenses) ore tax
non controllin est
PS - USD Cents PS - Equivalen
ROFIT A
ATTRIBUTAB
E Tbk
NE TBK AND S
ssets
ng interest
s t to IDR
AND LOSS
BLE TO
SUBSIDIARIES 1H 201
32,
13,
1,
48,
25,
11,
1,
38,
10,
7,
1,
4,
6,
(4, (2, (5,
(
(
(
20,
S (1H-20
S H 16,954,975 ,721,236 ,860,874
,537,084
,083,257 ,740,035 ,260,393
,083,684 ,453,400
,871,718 ,981,201
600,481
,356,777 ,096,623
,527,270) 51,685
569,612
,015,812) 32,629
(12,297)
,901,453)
195,170
(670,902) (475,732)
150,882
(626,614)
,257,532
(0.016)
-2.0
16 vs 1H
1H 2015
36,686,074
12,345,604
4,815,273
53,846,951
29,180,945
11,257,122
4,629,257
45,067,324
8,779,628
7,505,129
1,088,482
186,017
5,549,285
3,230,343
(4,920,101)
188,813
133,214
36,788
106,652
(133,329)
(4,587,963)
(1,357,620)
(803,733)
(2,161,353)
(1,496,128)
(665,225)
17,036,814
(0.016)
-2.2
-2015)
NO. 50
Change
(3,731
1,375
(2,954
(5,309
(4,097
482
(3,368
(6,983
1,673
366
892
414
(1,192
2,866
) 392 (137
436
(2,052
(74 ) 121 ) (1,313
) 1,552
) 132 ) 1,685 ) 1,647
) 38
3,220
) 2
1H-2016
0/NL/VII/20
Page
e %
1,100) -1
5,632 1
4,400) -6
9,867) -1
7,688) -1
2,913
8,864) -7
3,639) -1
3,773 1
6,589
2,719 8
4,464 22
2,508) -2
6,280 8
2,831
-7,128) -7
6,398 32
2,600) -558
4,023) -6
1,032 -9
3,491)
2,790 11
2,831 -1
5,620 7
7,010 11
8,611
0,718 1
0.00 0.20 6 vs 1H-2015
016
e | 6 10% 11% 61%
10%
14% 4% 73%
15% 19%
5% 82% 23%
21% 89%
-8% 73% 28% 80% 69% 91%
14%
17% 78% 10%
6%
19%
