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Investor Relations

Creating Shareholders’ Value

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

On 4 September, Pacific Basin was selected as an eligible stock for Southbound Trading under the Shenzhen-Hong Kong Stock Connect programme, and for inclusion in the Hang Seng Stock Connect Hong Kong Index. This Southbound Trading mechanism will help to enhance our profile in the mainland Chinese capital markets, and potentially enlarge our shareholder base in China. As at 31 December 2017, 1.2% of our stock was held via the Shenzhen-Hong Kong Stock Connect channel.

Social media communications continue to be an important communications channel for the Group. The development of different social media platforms especially WeChat and Facebook facilitates communications between the Company and investors, and enhances our corporate brand and provides updated dry bulk market information to our global stakeholders. We are also revamping our corporate website to better target our customers and other stakeholders and tie-in with our integrated reporting. The new website will be responsive to tablet and mobile devices to allow easier navigation and access to our latest information from anywhere and at anytime.

During the year, we received seven awards for investor relations and corporate governance. We were recognised by Institutional Investors (II) Magazine’s 2017 All-Asia Executive Team Awards as a ‘Most Honored’ Company, and in the Best CFO and Best IR Professional category (both buy-side investors and sell-side analysts). Investors voted our website and investor relations programme as one of the best in the Transportation category. We received a Gold Award at HKICPA’s Best Corporate Governance Awards for a third consecutive year. Our Online Annual Report received a Gold Award at the 2016 LACP Vision Awards (in the transportation & logistics category). Last but not least, we received the Best IR Team award and the Platinum Award (the highest recognition) at the Asset Corporate Awards 2017 for the fourth consecutive year for our excellent performance in corporate governance, social and environmental responsibility and investor relations.

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 several channels:

Financial Reporting

Shareholder Meetings and Hotlines

Investor Perception Studies

We conducted an annual consultation of investors and analysts for feedback on our group strategy, executive management team, reporting 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

Company Website– www.pacificbasin.com

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

Social Media Communications

Facebook, Twitter, Linkedln, YouTube and WeChat

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


Roadshows – Roadshows are conducted following results announcements and trading updates. In 2017, we met investors in 12 cities in North America, Europe and Asia-Pacific.

Investor Meetings – In 2017, we met 1,014 (2016: 607) shareholders and investors.

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.


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 investor community to enhance their understanding of our business. The number of investor contacts during a year is a key measure of our engagement with investors.

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

Our 2017 Investor Perception Study shows that 94% of respondents consider Pacific Basin management to be good at articulating strategy, and 94% say we have a very high transparency in our disclosures.

Key Investor Concerns in 2017

  • Sustainability of the dry bulk recovery
  • Demand and supply balance
  • Impact of ballast water treatment regulations and low sulphur emission regulation
  • Latest ship transaction and any further ship acquisition plans
  • Use of share for asset acquisitions
  • Chartered-in days and cost of the vessels
  • Any further cost saving initiatives

Share and Convertible Bond Information

The Company’s Shares and Convertible Bonds in issue at 31 December 2017:

Our stock is a constituent member of the Hang Seng sub index series and the MSCI Index series, and it is eligible for Southbound Trading under the Shenzhen-Hong Kong Stock Connect programme.

Shareholder Return and Dividend

we return value to our shareholders by way of both appreciation in share price and dividends. In 2017, our total shareholders’ return was 35%

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


Our Shareholders

As at 31 December 2017, Nasdaq OMX was able to analyse the ownership of about 99.9% of the Company’s share capital. Institutional Investors still accounted for the largest portion of the Company’s shareholder base, owning nearly 2.84 billion shares or 64% of our share capital.

We identify 2,722 shareholders as at 31 December 2017. The actual number of investors interested in our share’s 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.

ShareholdingNo. of
Shareholders
% of
Shareholders
Total
Holding
%
of ISC
<=5001485.44%4,0300.00%
501-1,0001.32%34,2830.00%
1,001-100,00069525.53%35,559,4460.80%
100,001-500,0001,18843.64%268,000,4706.03%
>=500,00165524.07%4,138,672,87393.17%
Total2,722100.00%4,442,271,102100.00%

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. About 64% of our shareholders are institutional investors, while 19% 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 for the benefit of any investors who choose to attend.

Live webcast and audio calls of our results announcements are streamed on our website, enabling overseas investors, media and the public to listen in to our presentations and ask questions. Archive of calls and transcripts is available on our website.

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