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1956 Yangzijiang Shipbuilding ( Holdings ) Ltd. 揚子江 船 業 ( 控股 ) 有限公司 1956 Yangzijiang Shipbuilding ( Holdings ) Ltd. 揚子江 船 業 ( 控股 ) 有限公司 rs 1H2026 Results Presentation 6 August 2026 1
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2 Disclaimer The presentation is prepared by Yangzijiang Shipbuilding (Holdings) Ltd. (the “Company”) and is intended solely for your personal reference and is strictly confidential. The information contained in this presentation is subject to change without notice, its accuracy is not guaranteed, and it may not contain all material information concerning the Company. Neither the Company nor any of its affiliates, advisors or representatives make any representation regarding, and assumes no responsibility or liability whatsoever (in negligence or otherwise) for, the accuracy or completeness of, or any errors or omissions in, any information contained herein nor for any loss howsoever arising from any use of these materials. By attending this presentation, you are agreeing to be bound by the restrictions set out below. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. The information contained in these materials has not been, a complete or comprehensive analysis of the Company's financial or trading position or prospects. The information and opinions contained in these materials independently verified. No representation or warranty, expressed or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of, the information or opinions contained herein. It is not the intention to provide, and you may not rely on these materials provided as at the date of this presentation and are subject to change without notice. None of the underwriters nor any of their respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of these materials. In addition, the information contains projections and forward-looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on several estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Actual results may differ materially from those forecast and projected. This presentation and such materials is not and does not constitute or form part of any offer, invitation or recommendation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. This document may not be used or relied upon by any other party, or for any other purpose, and may not be reproduced, disseminated or quoted without the prior written consent of the Company. Any investment in any securities issued by the Company or its affiliates should be made solely on the basis of the final offer document issued in respect of such securities. Relaying copies of this presentation to other persons in your company or elsewhere is prohibited. These materials are not for distribution, directly or indirectly, in or into the United States, Canada or Japan. These materials are not an offer of securities for sale into the United States, Canada or Japan. The securities may not be offered or sold in the United States under the U.S. Securities Act of 1933, as amended, unless they are registered or exempt from registration. There will be no public offer of securities in the United States.
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3 1H2026 Snapshot
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Achieved record high revenue and profitability 1H2026 FINANCIAL HIGHLIGHTS Revenue RMB17.5b +36.2% y-o-y Gross Profit Margin 36.2% +1.7 ppts2 y-o-y 1. PATMI based on profit attributable to equity holders 2. Percentage point 3. Annualised ROE PATMI1 RMB5.4b +28.4% y-o-y ROE3 +2.2 ppts y-o-y 32.3% 1H2026 OPERATIONAL HIGHLIGHTS Order-win Vessel Delivery Outstanding Orderbook USD1.75b USD22.4b Secured new orders for 42 vessels in 7M2026; 2029 delivery slots nearly full 256 vessels with deliveries scheduled through to 2030 1H2026 Snapshot 4 Delivery progress on track 1H2026: 27 vessels FY2026 target: 58 vessels As of 30 June 2026 As of 30 June 2026 + USD0.21b Orders secured in July 2026
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5 Financial Highlights
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4,102 6,634 8,637 5,368 17.0% 25.0% 30.3% 30.6% -4.0% 1.0% 6.0% 11.0% 16.0% 21.0% 26.0% 31.0% 36.0% 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 FY2023 FY2024 FY2025 1H2026 PATMI* PATMI Margin 1H2026 Financial Performance Record revenue and gross margin expansion supported by the progressive construction of vessels secured at higher contract prices 20,705 24,112 26,542 28,505 17,534 FY2022 FY2023 FY2024 FY2025 1H2026 Revenue* RMB’ mln 5,410 7,608 9,761 6,350 22.4% 28.7% 34.2% 36.2% -1.0% 4.0% 9.0% 14.0% 19.0% 24.0% 29.0% 34.0% 39.0% 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 FY2023 FY2024 FY2025 1H2026 Gross Profit* Gross Profit Margin * Revenue, Gross Profit and Profit Attributable to Equity Holders of the Company (“PATMI”) are from continuing operations only RMB’ mln RMB’ mln 6
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5,227 8,302 10,792 6,630 5,722 8,763 11,322 6,929 21.7% 31.3% 37.9% 37.8% 23.7% 33.0% 39.7% 39.5% 0% 5% 10% 15% 20% 25% 30% 35% 40% - 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 FY2023 FY2024 FY2025 1H2026 EBIT (RMB'mln) EBITDA (RMB'mln) EBIT Margin EBITDA Margin EBIT EBITDA EBIT and EBITDA Trends (From Continuing Operations) RMB’ mln 1H2026 Profitability Trend EBIT and EBITDA margins remain strong 7
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Shipbuilding GP and GPM 17,113 20,956 19,897 16,077 9,877 435 903 2,086 2,067 629 541 283 230 249 152 574 173 436 2,461 110 72 3,003 7,997 3,394 FY2022 FY2023 FY2024 FY2025 1H2026 Containership Dry Bulkers & Multi Purpose Others Jack-up Gas Carriers Oil Tanker 2,415 4,986 7,024 9,428 6,129 13% 22% 28% 35% 37% -20% -10% 0% 10% 20% 30% 40% 0 2,000 4,000 6,000 8,000 10,000 12,000 FY2022 FY2023 FY2024 FY2025 1H2026 Gross Profit Gross Profit Margin Gross profit expansion driven by (1) Progressive construction of vessels secured at higher contract prices (2) Favourable product mix, including ultra-large containerships and very large ethane carriers Shipbuilding Revenue Breakdown RMB’ mln RMB’ mln Core Shipbuilding Segment 18,372 22,788 25,216 26,826 Containerships remain the largest revenue contributor, followed by oil tankers 8 16,513
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1,383 1,022 1,243 1,141 585 40.7% 34.4% 43.3% 28.4% 35.1% -200.0% -150.0% -100.0% -50.0% 0.0% 50.0% 100 300 500 700 900 1,100 1,300 1,500 1,700 FY2022 FY2023 FY2024 FY2025 1H2026 Charter Income Gross Margin RMB’ mln Shipping Segment Shipping revenue rose on higher charter rates 9
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Balance Sheet Highlights Continues to maintain a healthy net cash position of RMB12.5 billion Financial Highlights 30 Jun 2026 31 Dec 2025 RMB'000 RMB'000 Property, Plant and Equipment 9,373,399 9,084,541 - Property, Plant and Equipment – Shipping Segment 3,309,764 3,854,045 Cash & Cash Equivalents* 16,669,653 26,144,190 Total Borrowings 4,125,000 5,500,000 Total Equity 33,328,365 32,257,822 Gross Gearing* 12.4% 17.1% Net Gearing* Net cash position Net cash position Decreased due to the net repayment of bank borrowings * Cash & cash equivalents = cash & cash equivalents + restricted cash * Gross gearing = total borrowings / total equity * Net gearing = [(cash & cash equivalents) – total borrowing] / total equity 10
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11 Shipbuilding Segment Highlights
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Terminology: 1) LPG: liquefied petroleum gas; 2) VLAC: very large ammonia carriers; 3) VLEC: very large ethane carrier; 4) MR OT: medium range oil tanker; 5) LR1 OT: large range 1 oil tanker; 6) TEU: twenty-foot equivalent unit; 7) LNG: liquefied natural gas; 8) DWT: deadweight tonnage. Note: Order book data as of 30 June 2026 Size & Specifications Quantity 1,100TEU 19 1,700TEU 10 1,800TEU 5 1,900TEU 8 2,900TEU 6 3,000TEU 4 3,100TEU 4 4,300TEU 4 4,488TEU 2 5,900TEU 7 8,000TEU 7 11,800TEU 2 Methanol Dual-fuel 9,000TEU 9 Methanol Dual-fuel 13,000TEU 11 LNG Dual-fuel 9,000TEU 10 LNG Dual-fuel 13,000TEU 6 LNG Dual-fuel 17,000TEU 28 LNG Dual-fuel 24,000TEU 9 Size & Specifications Quantity 25,000 CBM LPG 3 40,000 CBM LPG 12 48,000 CBM LPG 2 88,000 CBM VLAC 6 100,000 CBM VLEC 4 Size & Specifications Quantity 39,000DWT MR OT 4 40,000DWT MR OT 3 50,000DWT MR OT 12 74,000DWT LR1 OT 4 75,000DWT LR1 OT 18 256 8.67m USD22.40b 2026 – 2030 Vessels Compensated gross tonnage (CGT) Total Contract Value Delivery Timeframe LPG/VLAC/VLEC 27 0.70m USD2.42b Vessels Total CGT Total Value Oil Tankers 41 1.10m USD2.09b Vessels Total CGT Total Value Containerships 151 6.04m USD16.48b Vessels Total CGT Total Value Outstanding Orderbook Breakdown Containerships remain the dominant vessel type; Through 2026, the Group continues to deliver contracts secured in 2023 and 2024 Size & Specifications Quantity 32,000DWT 1 45,000DWT 3 71,000DWT 8 80,000DWT 1 82,500DWT 14 83,000DWT 9 Combination 83,300DWT 1 Bulk Carriers 37 0.83m USD1.41b Vessels Total CGT Total Value 12
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YAMIC Performance Strong top and bottom-line growth in YAMIC following the strategic repositioning; Gas carriers now account for ~57% by contract value, up from ~49% as of 31 Dec 2025 2019 2024 Established and aimed to become a leading shipyard for clean energy vessel construction Repositioned YAMIC toward building higher- end gas carriers that yield better profitability Size & Specifications Quantity 25,000 CBM LPG 3 40,000 CBM LPG 12 48,000 CBM LPG 2 88,000 CBM VLAC 6 50,000DWT MR OT 4 80,000DWT 1 82,500DWT 14 83,000DWT 9 3,100TEU 4 YAMIC Orderbook 55 1.35 million USD3.12b 2026 – 2030 Vessels Total CGT Total Value Delivery Timeframe 13
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1H2026 Order Win Order-win momentum remains healthy; Secured US$1.75 billion of new orders across 38 vessels for 1H2026, and an additional US$0.2 billion of new orders secured in July 2026. 24 22 68 44 25 22 22 13 14 1 4 9 16 2 2 44 29 10 0 20 40 60 80 100 120 140 160 180 FY2022 FY2023 FY2024 FY2025 1H2026 Oil Tanker/Chemical Tanker LEG/LPG/VLAC/VLEC Bulk Carrier Containerships Order-win Trend Vessel Quantity 4.43 7.05 14.60 2.46 Value USD’ bln 14 1.75 + USD0.2b Orders secured in July 2026
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Order Win Breakdown Containerships remained the dominant vessel type in new order wins, followed by oil tankers 1H2026 Order-wins Vessel Type Size & Specifications Quantity CONTAINERSHIPS Total Quantity: 25 1,100TEU 10 1,900TEU 8 5,900TEU 7 OIL TANKERS Total Quantity: 10 50,000DWT MR OT 6 75,000DWT LR1 OT 4 BULK CARRIERS Total Quantity: 1 83,000DWT 1 GAS CARRIERS Total Quantity: 2 88,000 CBM VLAC 2 15 July 2026 Order-wins Vessel Type Size & Specifications Quantity OIL TANKERS / CHEMICAL TANKERS Total Quantity: 4 50,000DWT MR OT 2 75,000DWT LR1 OT 2 Additional orders secured in July 2026
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Vessel Delivery Trend 40 45 36 18 4 20 10 25 7 13 4 1 2 3 1 3 1 28 9 1 0 10 20 30 40 50 60 70 80 FY2022 FY2023 FY2024 FY2025 1H2026 Containerships Bulk Carriers LNG/LPG Oil Tankers/Chemical Tankers Jackup Rig FY2026 Progress FY2026 target 58 vessels 47% achieved 1H2026 deliveries 27 vessels Delivered Vessels Vessel Delivery 27 vessels delivered in 1H2026, on track to achieving full-year target of 58 vessels 67 57 64 56 16 27
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94 72 104 130 151 39 51 42 49 37 7 15 27 26 27 44 72 40 41 -40 10 60 110 160 210 260 310 360 31-Dec-22 31-Dec-23 31-Dec-24 31-Dec-25 30-Jun-26 Oil Tankers LEG/LPG/VLAC/VLEC Bulk Carriers Containerships Value (USD’ bln) Vessel Quantity Orderbook Trend Outstanding Orderbook Strong outstanding orderbook brings revenue visibility to 2029 and beyond 140 182 245 245 10.5 14.5 24.4 22.4 17 22.4 256
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18 Shipping Segment Highlights
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Quantity Average Age (Years) Total Capacity Bulk Carriers 25 9.20 1,806,100 DWT Stainless Steel Chemical Tankers 2 4.80 40,200 DWT Multiple Purpose Vessels 1 13.20 12,500 DWT Total 28 9.00 1,858,800 DWT Fleet Portfolio Well-diversified and young fleet enables us to offer comprehensive services to our clients; continues to adopt a flexible deployment strategy, prioritising spot charters to maintain operational fleet agility amid market volatility, while remaining ready to lock in attractive time charters when market conditions improve In 1H2026, the Group added one 82,000 DWT bulk carrier and disposed of six vessels (three 92,500 DWT bulk carriers, two 52,000 DWT bulk carriers and one 1,800 TEU containership) as part of its ongoing fleet-optimisation programme. 19
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20 Outlook & Strategy
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Business Growth Plan Proposed downstream integration to get closer access to end-market dynamics and enable better production planning; adding retrofitting capacity to capture aftermarket demand as global newbuild orderbook delivers Capacity Expansion Plan Project Hongyuan SIZE TOTAL CAPEX STATUS 866,671 m² (~17% of the existing site area) ~ RMB3.0 billion Under Construction (On track; operations commenced, RMB545.0 million revenue in 2Q2026) LNG Terminal Business LNG Terminal COMPOSITION TOTAL CAPEX STATUS 1. LNG Terminal 2. LNG Storage Tank Facilities ~ RMB2.0 billion Under Construction (Scheduled for completion by 1H-2027) 21 Acquisition of 10% interest in Poseidon Corp M&A TOTAL CAPEX ~ USD825.7 million STATUS Completed in May 2026 Establishment of Jiangsu Yangzi Hongda Shipbuilding and Repair Co., Ltd Dedicated to drydocking and retrofitting services STATUS Pre-construction planning
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22 THANK YOU! Kamal SAMUEL / LIM En Tong / Stanley CHEN kamal@financialpr.com.sg entong@financialpr.com.sg stanley.chen@financialpr.com.sg For more information, please contact: Financial PR