Yee Yang Chien Vice President Corporate Planning & Development - PowerPoint PPT Presentation

Presenter Yee Yang Chien Vice President Corporate Planning & Development

Disclaimer This Presentation is not intended to form the basis of any investment decision with respect to MISC Berhad (MISC). Neither this presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. This Presentation is solely based upon Information of MISC. No representation or warranty, express or implied, is or will be made by MISC in relation to, and no responsibility or liability is or will be accepted by MISC as to the accuracy and completeness of, the Information made available, and any liability therefore is expressly disclaimed. This Presentation contains “forward -looking statements” . Forward-looking statements by their nature involve known and unknown risks, uncertainties and other factors that are in many cases beyond MISC’s control. Although MISC believes that the expectations of its management as reflected by such forward-looking statements are reasonable based on information currently available to it, no assurances can be given that such expectations will prove to have been correct. Accordingly, you are cautioned not to place undue reliance on such forward-looking statements. This Presentation and its contents are strictly confidential and must not be copied, reproduced, distributed, summarized, disclosed referred or passed on to others at any time without the prior written consent of MISC. Page  2

MISC : The Journey Over the Years 2012 Revenue USD3.07 billion *(MYR 9.48 billion) CAGR 8.07% Acquire MHB Sime listing on Darby Bursa Enginee- 1987 Revenue Malaysia ring Yard USD0.45 billion Ventured Monetisa- Entered into tank Exited Acquired tion of Brazil terminal *(MYR 1.38) billion Dry Bulk 50% of Gumusut- business FPS business VTTI Kakap with market Dialog Semi-FPS Container FSU Entered First deep Became a First Acquired Formed Acquired Liner Shipping Tenaga 1 First LNG KLSE Vietnam PETRO- water Liner 100% of Offshore 100% of exited business and 4 carrier Listing NAS FPSO FPS Grand delivered Vessel AET business MMHE closure subsidiary Kikeh market Alliance to PGB 1970 1987 2011 2012 1998 2003 2010 1982 2004 2006 2007 2009 Portfolio Rebalancing Formative Years Transformational Expansion

Today : MISC is a Shipping Conglomerate comprising of 7 Distinct Businesses LNG 1 Petroleum 2 Chemical 3 Offshore 4 MHB 5 Integrated Logistics 6 Tank Terminals 7 Listed on Bursa Malaysia Page  4

We are the Second Largest Shipping Company in the World by Market Capitalisation Rank Companies Country Mkt Cap USD mil Category 1 A.P. Moeller-Maersk A/S Denmark 33,588,926,464.00 Conglomerate 2 MISC Berhad Malaysia 7,762,364,416.00 Conglomerate 3 China COSCO Holdings Company Limited China 6,144,476,672.00 Conglomerate 4 Nippon Yusen Kabushiki Kaisha Japan 4,386,026,496.00 Conglomerate 5 Kirby Corporation U.S. of America 4,356,049,408.00 Bulk 6 Orient Overseas (International) Limited Hong Kong 4,227,883,776.00 Container 7 China Shipping Container Lines Co Ltd Hong Kong 4,129,565,184.00 Container 8 Mitsui O.S.K. Lines, Ltd. Japan 3,956,253,696.00 Conglomerate 9 Neptune Orient Lines Ltd. Singapore 2,470,314,240.00 Container 10 China Shipping Development Company Ltd. Hong Kong 2,119,112,832.00 Conglomerate 11 Evergreen Marine Corporation Taiwan 2,084,428,800.00 Container 12 Qatar Navigation Qatar 2,053,995,776.00 Conglomerate 13 Hyundai Merchant Marine Co.,Ltd Korea 2,030,093,184.00 Conglomerate 14 Kawasaki Kisen Kaisha, Ltd. Japan 1,984,132,992.00 Conglomerate 15 Wilh Wilhelmsen ASA Norway 1,927,885,696.00 Conglomerate 16 Dampskibsselskabet NORDEN A/S Denmark 1,382,655,488.00 Conglomerate 17 Trencor Limited South Africa 1,379,526,528.00 Container 18 U-Ming Marine Transport Corp. Taiwan 1,342,762,496.00 Container 19 Wilh Wilhelmsen Holding ASA Norway 1,331,807,232.00 Conglomerate 20 Yang Ming Marine Transport Corp. Taiwan 1,308,239,616.00 Container Source: As at 31 March 2013 @ Bloomberg ; List excludes Cruise/Ferry companies e.g. Carnival Corp (USA), Royal Caribbean (USA) MISC Research MISC Research

Our Shareholders’ Profile as at 30 th April 2013 Malaysian Foreign Investors Investors Other 3.53% 6.35% Malaysian Government Agencies 17.87% Employees PETRONAS Provident 62.67% Fund 9.58% Page  6

BUSINESS OVERVIEW

LNG Shipping - 3 Decades of Proven Track Record  Second largest LNG owner and operator in the LNG world.  MISC has 3 decades of proven experience in LNG transportation and operations.  Delivered 22.3 million tonnes of LNG cargo in 2012, equivalent to 11.2% of world LNG trade.  With 27 vessels operating globally, MISC LNG fleet represents 7.7% of the total world fleet.  Primary LNG transporter for PETRONAS with 90% of LNG shipping revenue from PETRONAS. 27 LNG Carriers : 2 FSUs : Page  8

Latest LNG Project LNG FSUs LEKAS • Successful conversion and delivery of Malaysia’s first 2 LNG Floating Storage Units (FSUs) for PETRONAS LNG Regasification Facilities project in Sungai Udang, Melaka. • Tenaga Satu was converted by MMHE at their yard in Pasir Gudang while Tenaga Empat was converted by Keppel Shipyard Ltd in Singapore.

Petroleum Shipping – Market Leader in Lightering  Top 10 tanker owners and operators in the world. Petroleum Tankers  A high quality provider of global seaborne transportation solutions to the international petroleum industry.  Market leading in ship-to-ship transfers in the US Gulf (lightering). 79  Modern, young fleet of vessels ranging in the capacity from medium range product tankers to VLCCs.  Specialist Dynamic Positioning (DP) operator. 53 Owned :  4% of Petroleum shipping revenue from 26 PETRONAS. Chartered : Page  10

Chemical Shipping – Top 5 IMO II Chemical Fleet Chemical Tankers  Ranked Top 5 IMO II Chemical Owners (by dwt).  Proven track record in transporting chemicals and vegetable oils for major producers/traders.  Quality fleet comprising double-hulled IMO II vessels with mixture of stainless steel and coated tanks to meet the highest safety requirements 28 for transporting liquid bulk cargo.  9% of Chemical shipping revenue from PETRONAS. 18 Owned : 10 Chartered : Page  11

Offshore Business – Top 5 Global FPSO Player Offshore facilities  Among Top 5 global floating production, storage and offloading player in 2012.  Proven technology to provide the best solutions for our customers’ offshore development needs.  Solid foundation in the offshore industry to offer comprehensive solutions for deepwater 14 and small field developments.  31% of Offshore revenue from PETRONAS. 13 FPSOs/FSOs/MOPU 1 Under conversion Page  12

Latest Offshore Project Gumusut-Kakap FPS • First semi-submersible FPS in Asia. • Construction of the Gumusut-Kakap facility was done at MMHE’s yard in Pasir Gudang, Johor. • The Gumusut-Kakap Floating Production System (FPS) was successfully loaded out on 5 May 2013. • The handover to Shell was on 29 May 2013. • Production is expected to be at 135,000 barrels a day.

Marine & Heavy Engineering – Largest Marine Heavy Industry Facilities in the Region  Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a wholly-owned subsidiary of MISC Berhad and is listed on Bursa Malaysia since 2010.  Offshore Business Unit With two yards in Pasir Gudang, namely MMHE East and MMHE West Yard, MHB is one of the largest marine heavy industry facilities in the region with an area of 197 hectares and a capacity of 130,000 MT a year.  18% of MHB revenue from PETRONAS. Marine Business Unit Page  14

Tank Terminal – Top 10 Independent Tankage Player  MISC’s foray into the tank terminal business begun via our project in Tanjung Langsat, Johor, Malaysia.  In partnership with energy traders Vitol Holding B.V., we have expanded our logistic assets all around the world through JV subsidiary ,VTTI B.V.  Amongst Top 10 Independent Tank Terminal players with 13 terminals and a total capacity of 9.2 million cubic metres.  Terminals strategically located at key hub and spoke locations ie. Amsterdam, Rotterdam, Antwerp, Florida and Johor, Malaysia.  No revenue contribution from PETRONAS. Page  15

Integrated Logistics – One-Stop Logistics Service Provider  Supply chain solutions and logistics services throughout Malaysia, Singapore and Thailand with fleet strength of more than 150 prime movers and over 1000 trailers.  Manages MILS Logistics Hub in Pulau Indah and a network of over 800,000 sq feet of warehousing space.  Registered vendor of PETRONAS and a Multimodal Transport Operator (MTO).  24% of Integrated Logistics revenue from PETRONAS. Page  16

Revenue Profile 2012 Spot Annuity 19% [Petroleum, Chemical, Container] [LNG, Offshore] 31% Term 19% [Petroleum, Chemical] 31% Contracted Orderbook [Heavy Engineering] 2011 Annuity 28% [LNG, Offshore] 34% Spot [Petroleum, Chemical, Container] 23% Term Contracted Orderbook [Petroleum, Chemical] [Heavy Engineering] 15% MISC Research MISC Research