PT Transsinergi Mandiri Presentation File

1. PT 4848 Globallink &
PT 4848 Global System
Business Plan

2. Floating Storage Unit (FSU)
FEASIBILTY STUDY
PT 4848 Globallink

3. OVERVIEW
STUDY ON PURCHASE OF VLCC TO OPERATE AT
DURIAN STRAITS AS FLOATING STORAGE UNIT (FSU)
TWO COMPANIES WILL BE SET UP TO
OPERATE
SHIP OWNING COMPANY TO PURCHASE
THE VESSEL AS OWNER AND WILL
APPOINT THIRD PARTY SUCH AS THOME
SHIPMANAGEMENT AS TECHNICAL
MANAGERS.
COMMERCIAL COMPANY TO TIME CHARTER
THE VESSEL AND OPERATE AS FLOATING
STORAGE. THE COMPANY WILL OPERATE ALL
COMMERCIAL ACTIVITIES AND WILL LIASE
WITH STS OPERATOR SUCH AS FENDER
CARE FOR THE STS OPERATION.

4. OVERVIEW

5. SHIP OWNING COMPANY COST
No DETAIL USD
A PURCHASE COST OF VLCC “LA PRUDENCIA” ESTIMATE 21.0M
B MOBILISATION COST 0.5M
C PAID UP CAPITAL 5.0M
D LOAN 16.5M
E DAILY OPERATION COST USD PER DAY 12,000
F DAILY INCOME USD PER DAY (BASIS MARKET TIME
CHARTER RATE TO COMMERICAL COMPANY)
16,000
G CASH ACCUMULATED (END OF FIVE YEARS) 6,0M
H SCRAP VALUE (AT USD470 PER LIGHT WEIGHT) 19.2M
I NET PROFIT USD (25.2M-21.5M) 3.7M
J NO REPAYMENT OF LOAN OVER FIVE YEARS -
K REQUIRE ADDITIONAL FOR FIRST YEAR WORKING
CAPITAL
1.5M

6. COMMERCIAL COMPANY COST
SCENARIO ONE (BASIS 1 THROUGHPUT)
No DETAIL USD
A TIME CHARTER PER DAY FOR FIVE YEARS FROM
SHIPOWNING COMPANY
16,000
B TIME COST PER MONTH 480K
C BUNKER COST PER MONTH 530K
D PORT COST PER MONTH 70K
TOTAL COST PER MONTH 1080K
E ONE THROUGHPUT COST - USD 4.0 PER METRIC
TONS
270K

7. COMMERCIAL COMPANY COST
SCENARIO TWO (BASIS 1.5 THROUGHPUT)
No DETAIL USD
A TIME CHARTER PER DAY FOR FIVE YEARS
FROM SHIPOWNING COMPANY
16,000
B TIME COST PER MONTH 480K
C BUNKER COST PER MONTH 654K
D PORT COST PER MONTH 70K
TOTAL COST PER MONTH 1204K
E ONE THROUGHPUT COST - USD 4.0 PER
METRIC TONS
405K

8. RENTAL INCOME
SCENARIO ONE (BASIS 1 THROUGHPUT)
• USD 4.25 PER METRIC TONS
AT ONE THROUGHPUT OF
270,000MTS
MARKET
STORAGE
RENTAL RATE
• 270,000MT X 4.25PMT
REVENUE
USD 1147K
• USD 1147K - USD1080K
PROFIT USD
67K PER
MONTH

9. RENTAL INCOME
SCENARIO TWO (BASIS 1.5 THROUGHPUT)
• USD 4.25 PER METRIC TONS AT ONE
THROUGHPUT OF 270,000 MTS AND
• USD 1.50 PER METRIC TONS FOR ADDITIONAL
0.5 THROUGHPUT OF 135,000 MTS
MARKET
STORAGE
RENTAL RATE
• 270,000 MT X 4.25 PMT + 135,000 MT X 1.5
REVENUE
USD 1349K
• USD 1349K – USD 1204K
PROFIT USD
145K PER
MONTH

10. SHIP MANNING
Ship Owning Company To Be
Register Outside Indonesia
Commercial Company To Be
Register In Indonesia
Indonesian Flag For Convenient
STS Operation In Indonesia
Indonesian Crews For Lower
Operating Cost
Technical Management By
“Thome Ship” Management

11. SUMMARY
Floating Storage Unit FEASIBILTY STUDY
• TOTAL PROFIT OF USD 3.7M
• BASIS ABOVE ASSUMPTION
• RISK OF LOWER PROFIT FOR SHIPOWNING
COMPANY IF SCRAP VALUE BELOW CURRENT USD
470 PER LIGHT WEIGHT TON
FOR SHIPOWNING
COMPANY
• NETT RENTAL PROFIT OF USD 4.0M (67K X
12 X 5YRS)
• BASIS 1.0 THROUGHPUT
FOR COMMERCIAL
COMPANY
• NETT RENTAL PROFIT OF USD 8.7M (145K
X12 X 5YRS)
• BASIS 1.5 THROUGHPUT
FOR COMMERCIAL
COMPANY
• FROM EXISTING STS LOCATION
• AT KARIMUM, NIPA, BATAM
• PASIR GUDANG AND TANJUNG PELAPAS
POTENTIAL
COMPETITIONS

12. PT 4848 GLOBAL
SYSTEM
SELAT DURIAN
ANCHORAGE & SHIP-TO-
SHIP TRANSFER AREA

13. SELAT DURIAN
STRATEGYC LOCATION

14. SELAT DURIAN STRATEGYC LOCATION

15. Durian Strait Port Operation LOCATION
INDONESIA STS LOCATION BOUNDED BY THE
FOLLOWING CO-ORDINATES
• LAT 01’00.50’’ LONG 103’38.15”
• LAT 01’00.50” LONG 103’41.30”
• LAT 00’56.50” LONG 103’38.30”
• LAT 00’56.50” LONG 103’36.20”
DEEPER DRAFT AND LESS CONGESTED THAN
OTHER STS LOCATION LIKE TANJUNG PELAPAS
AND PASIR GUDANG
EASY ACCESSIBLE TO FACILITIES
LOCATED NEAR BATAM

16. Durian Strait Port Operation Cost Information
(Port Cost)
SUEZMAX
US$27,000
Tanker 160000DWT
VLCC
US$44,000
AFRAMAX
US$22,000
TANKER = between
79000 - 120000 DWT
MEDIUM SIZE
US$15,000

17. • ONE FENDER & HOSE
• TWO SUPPORT CRAFT / TUG FOR
DEMOBILISING THE STS
EQUIPMENT
• TWO TUGS FOR MOORING
OPERATION
• ONE TUG FOR UNMOORING
OPERATION
• ONE TUG STANDBY
THROUGHOUT STS OPERATION
• MOORING MASTER AND/OR STS
SUPERINTENDENT
STS EQUIPMENT
Rental COST
US$41,000 FOR 3rd
Party for FIRST
48HRS WITH
FOLLOWING
INCLUSIVE:
Durian Strait Port Operation Cost Information
(Port Cost)

18. PT 4848 Global System P&L FORECAST
Assumption based on current Jetty operation at Tankstore Singapore 200 Ships alongside at 10 available
Jetties permonth for variuos vessel -- For One VLCC assumption is for 2 Jetties (side by side)
US$ 000
INCOME (60 months)
Sea Port VLCC (50% of 70K)/Month 2.100
Investment
Cost* 3.000
Sea Port Dues 80vs/month average 30K DWT 12.240 Sunk Cost 3.000
Supporting Activities Fees (Tug Boat, Crew Boat, Fender etc) 4.590 6.000
Lay Up, STS, & Anchorage Activites (25% increase for 1st 5
yrs)
3.767
Cash
accumulated 22.697 22.697
Total Income 22.697 Less
LESS EXPENSES Cost 7.774
Manpower expenses (20% yearly increase) 4.770 Loan 6.000 13.774
Offices expenses (25% of Maintenance VLCC) 1.144 Net Cash 8.923
Management Expenses (= VLCC - 3% yearly increase) 860
Others 750 Investment Cost for:
Insurance 250 Oil Boom
Total Expenses 7.774 Buoys
PROFIT BEFORE TAX/CASH GENERATED 14.923 Navigation Light
LESS Interest on Loans 1pct for 5 yr repayment 300 Communication Equipment
NET PROFIT 14.623 Crew Boat

19. PT 4848 GLOBAL SYSTEM COSTING

20. SUMMARY Durian Strait Port
Operation
• TOTAL PROFIT OF USD 22.7M FOR
FIRST 5 YEARS ON OPERATION
• BASIS ON ONE FSU ON OPERATION
FOR PT 4848
GLOBAL
SYSTEM
COMPANIES
• INCOME FROM RENTAL OF
PURCHASING SUPPORTING
FACILITIES SUCH AS TUG BOAT,
POTENTIAL
SOURCES
INCOMES

21. NAV & FUNDING REQUIREMENT
NO
INVESTMENT
ITEM
2013 2014 2015
1 2 3 4 1 2 3 4 1 2 3 4
1 PURCHASE VLCC
2 MODIFY FOR FSU
3
PURCHASE CREW
BOAT
4
PURCHASE
SUPPORTING
FACILITIES
FUND
REQUIREMENT IN
$MM
21 3.5
NAV = ASSET – LIABILITIES/(OUTSTANDING SHARES)