Tools

Investor Relations

CREATING SHAREHOLDERS’ VALUE

We seek to provide the investment community and other stakeholders with relevant regular news about Pacific Basin so they have comprehensive information about our business, strategy and performance with which to assess the value of the Group.

In 2016, we received four awards for investor relations and corporate governance. Our 2015 Annual Report was ranked 19th globally and rated “A” by e.com (Report Watch). We received a Gold Award at HKICPA’s Best Corporate Governance Awards for a second consecutive year. Our Online Annual Report also received a Gold Award at the 2015 LACP Vision Awards (in the transportation & logistics category). Last but not least, we were awarded the Platinum Award – the highest recognition – at the Asset Corporate Awards 2016 for the third consecutive year for our excellent performance in corporate governance, social and environmental responsibility and investor relations.

Social media communications continue to be an important communications channel for the Group. The development of different social media platforms facilitates communications between the Company and investors, as well as enhances our corporate brand and provides updated dry bulk market information to our global stakeholders. Our WeChat account set up last year enables us to reach out in China to more investors, customers as well as our crew members.

www.pacificbasin.com
Sustainability > Policies, Governance & Reporting

Our Shareholder Communication Policy is available on our website and is regularly reviewed to ensure its effectiveness

STAKEHOLDER ENGAGEMENT

We proactively engage with a broad range of institutional and retail investors as well as media and other interest groups.

Communication Channels – We believe that the transparency stimulated by active stakeholder engagement builds recognition of our brand and ultimately enhances shareholder value. We facilitate engagement through the following channels:

Financial Reporting

www.pacificbasin.com/2016
Interactive online report and feedback form
  • Annual and Interim Reports
  • Online Annual Report
  • Voluntary quarterly trading updates
  • Presentations and press releases on business activities

Shareholder Meetings and Hotlines

  • Group and one-on-one meetings
  • Shareholder hotline and e-mail
    tel: +852 2233 7000
    e-mail: ir@pacificbasin.com

Investor Perception Studies

We conducted an annual consultation of investors and analysts for views on our group strategy, executive management, Annual Report and our corporate communications, investor relations and CSR programmes by way of telephone and online surveys

Vessel Tours

Ship visits for analysts, investors, press and guests are organised during vessel port calls or at ship naming ceremonies

Roadshows – Roadshows are conducted following earnings announcements and trading updates. In 2016, we met investors in 8 cities in North America, Europe and Asia-Pacific.

Investor Meetings – In 2016, we met 607 (2015: 594) shareholders and investors

Company Website – www.pacificbasin.com

Our corporate website is considered a key marketing medium which comprehensively covers Pacific Basin’s activities and competences. English, Chinese (traditional and simplified Chinese) and Japanese versions of the site are available, covering:

  • Group profile
  • Strategic and business models
  • Fleet profile
  • Board and senior management biographical data
  • Corporate Governance, Risk Management and CSR
  • Board Committees’ Terms of Reference
  • Financial reports and company news
  • Financial information excel downloads
  • Press kits
  • Careers

We have recently restructured the website which includes more detailed information and easier navigation

Social Media Communications

Facebook, Twitter, Linkedln, YouTube and WeChat

Company news, video clips, photos and events are published through our social media sites



Type of Investor Meetings

Investors > Share Information > Research Coverage

Contact details of the Analysts

Communications with Sell-Side Analysts >– Pacific Basin encourages active analyst coverage to help investors evaluate the Group and its opportunities and challenges. Analysts’ briefings, meetings and conference calls are arranged with management from time to time, especially after results announcements. A significant number of key brokers publish reports on the Group.

In the interest of saving costs, we changed our Annual Results briefing to a live webcast conference format, which enables overseas investors unable to physically attend our briefing to listen in to our presentation and ask questions.



KPIs MEASURING INVESTOR RELATIONS PERFORMANCE

Investor Engagement – Our share capital is held by a diverse range of institutional, private and corporate investors, so we consider it important to make ourselves accessible to a wide spectrum of shareholders and members of the investment community to enhance their understanding of our business. The number of investor contacts during a year is the key measure of our engagement with investors.

Sell-Side Analyst Engagement – Analyst coverage (as measured by the number of active research reports covering Pacific Basin) in the period is a key measure of our profile in the shipping sector.

Investor Perception Studies – We gauge feedback on our Annual Report, Investor Relations programme, corporate governance and group strategy through an annual written, online and verbal investor study.

Our 2016 Investor Perception Study shows that 87% of respondents consider Pacific Basin management to be good at articulating strategy, and 92% say we have a very high transparency in our disclosures.

Number of Investors We Met

11 analysts covered Pacific Basin in 2016 (2015: 13)

42 research reports on Pacific Basin in 2016 (2015: 84)

2016 Investor Perception Feedback
Compelling Factors for Investing in Pacific Basin


KEY INVESTOR CONCERNS IN 2016

  • Dry bulk market outlook – any further downside market risk especially on demand side
  • Bottom of the dry bulk cycle
  • Impact of the US presidential election on dry bulk shipping and global trade
  • Group’s funding activities and vessel commitments
  • Repurchase of Convertible Bonds
  • Rights issue and any further share issues or fundraising activities
  • Chartered-in days and margins, vessel breakeven cost
  • Any further cost saving initiatives
  • M&A opportunities

SHARE AND CONVERTIBLE BOND INFORMATION

The Company’s Shares and Convertible Bonds at 31 December 2016:

  • 4,015,313,275 ordinary shares in issue, each with a par value of US$0.01
  • US$125 million of 3.25% coupon Convertible Bonds due 2021

The Company’s Shares are a constituent member of the Hang Seng sub index series and the MSCI Index series.


Our Share Price Performance
vs Hang Seng Index in 2016


Convertible Bonds Price
Performance in 2016


Total Shareholders’ Return

Net Profit and Dividend
vs Payout Ratio since 2005



DIVIDEND

Our dividend policy is to pay out at least 50% of our annual attributable profit (excluding disposal gains).


OUR SHAREHOLDERS

As at 31 December 2016, Nasdaq OMX was able to analyse the ownership of about 99.0% of the Company’s share capital. Institutional Investors still accounted for the largest portion of the Company’s shareholder base, owning nearly 2.4 billion shares or 60.8% of our share capital.

We identified 2,596 shareholders as at 31 December 2016. The actual number of investors interested in our shares is likely to be greater, as some of the shares are held through nominees, investment funds, custodians, etc. Each custodian or nominee or broker is considered as a single shareholder as below.

Shareholding No. of
Shareholders
% of
Shareholders
Total
Holding
%
of ISC
<=500 164 6.32% 6,255 0.00%
501-1,000 32 1.23% 30,318 0.00%
1,001-100,000 732 28.20% 37,087,094 0.92%
100,001-500,000 1,099 42.33% 248,969,653 6.20%
>=500,001 569 21.92% 3,729,219,955 92.87%
Total 2,596 100.00% 4,015,313,275 100.00%
Ownership by Type of Shareholders

Geographical Distribution of our Institutional Investors


OUR BONDHOLDERS

Our bondholders comprise a range of institutional investors including portfolio fund managers, fixed income, mutual and equal fund holders, as well as private investors.


NO DISTINCTION BETWEEN INSTITUTIONAL INVESTORS AND RETAIL INVESTORS

We listen carefully to the views and feedback we receive from all investors. More than 61% of our shareholders are institutional investors, while 23% are private or retail investors who hold our shares through brokers and custodians. A separate Q&A and dialogue with our Board of Directors is arranged at our Annual General Meeting.

Investors calls after the results announcement are available to both institutional investors and the public.


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