Financial
highlights
Corporate
Milestones
Birth of the Group as it
started the provision of
ship chartering services.
2002
Invested in Malaysia – a
cabotage-protected market
with the largest offshore
exploration & production (E&P)
spending in Asia – through
a 49%-owned JV with Alam
Maritim Resources Bhd in Alam
Radiance (L) Inc.
More than tripled the fleet to
50 vessels from 16 in 2007.
2010
Moved into high-growth Brazil
market through wholly owned
Radiance Offshore Navegacao
(Alagoas) Ltda, which will
spearhead drive to grow its
presence in South America.
Owner and operator of 124
wholly and jointly owned
offshore vessels.
2012
Initiated a strategic fleet
building programme to facilitate
its long-term growth plans.
2005
Moved into subsea inspection,
repair and maintenance
(IRM) business with two newly
delivered diving support
vessels (DSVs), to build new
recurrent income stream.
Expanded into Indonesia –
another cabotage-protected
market that is Asia’s fastest-
growing E&P market – by
acquiring 49% each in two
established local ship-owning
and chartering companies, PT
Logindo Samudramakmur Tbk
and PT Jawa Tirtamarin.
2011
KEY FINANCIAL METRICS
FY11
FY12
FY13
FY14
FY15
Earnings per Share
(1)
(US cents)
3.4
5.8
9.9
9.4
0.5
Net Asset Value per Share
(1)
(US cents)
32.0
37.4
52.0
59.5
57.6
Net Gearing (times)
1.5
1.2
0.6
0.5
0.9
Return on Equity (%)
11.2
16.9
19.6
17.2
0.9
Return on Asset (%)
3.9
5.9
8.6
8.8
0.4
FINANCIAL POSITION (US$'m)
FY11
FY12
FY13
FY14
FY15
Fixed Assets
442.7
445.8
548.8
572.1
606.2
Total Assets
515.1
570.4
745.9
839.5
916.6
Total Liabilities
339.0
364.4
368.4
407.6
500.6
Shareholders' Equity
175.8
204.6
375.6
428.0
413.4
Non-controlling interests
0.3
1.8
1.8
4.0
2.6
Notes :
(1)
The Shareholders had approved the sub-division of each share into 11 shares (share split) at an extraordinary general meeting held on 28 October
2013. For comparative purposes, earnings per share and net asset value per share for FY11 and FY12 have been computed based on number of
issued shares in the respective years adjusted for the share split.
Pacific Radiance Annual Report 2015
02
