Company Overview - CBL International Limited (NASDAQ: BANL) is the listing entity of Banle Group, with its Chairman and CEO, Mr Teck Lim Chia, recently featured in an exclusive interview on Nasdaq's Amplify Spotlight program [1] Strategic Initiatives - The company has adopted sustainable fuels like B24 biofuel, leading to a nearly 96% increase in biofuel sales in 1H2024, aligning with global decarbonization efforts [2] - CBL provides comprehensive refueling services at over 60 ports worldwide and is expanding into new markets such as Europe and Africa [2] Investor Engagement - Investors and stakeholders can watch the full interview on Nasdaq's website to gain deeper insights into CBL's operations and strategic direction [3]

Financial Data and Key Metrics Changes - Revenue for the first half of 2024 grew by 44.4% year-on-year, reaching $277.2 million, driven by a 39.4% increase in sales volume [10][12][46] - Gross profit declined by 32.2% to $2.71 million, primarily due to reduced premiums sold to customers [12][13] - Operating expenses rose by 64% to $4.12 million, attributed to higher selling and distribution expenses [13][61] - Net loss for the first half of 2024 was $1.62 million, a shift from a net income of approximately $1.15 million in the same period of 2023 [13][58] Business Line Data and Key Metrics Changes - The biofuel segment saw volumes and revenue increase by 84.6% and 95.8% respectively compared to the first half of 2023 [20][43] - Sales volume surged by 39.4% in the first half of 2024, attributed to the expansion of the service network and rising demand [18][46] Market Data and Key Metrics Changes - China and Hong Kong contributed 51.3% and 34.8% of revenue respectively in the first half of 2024, with significant growth in Singapore, Hong Kong, Malaysia, China, and South Korea [14] - The global green marine fuel market is projected to grow to $201.35 billion by 2030, with a CAGR of 50.4% from 2023 to 2030 [27] Company Strategy and Development Direction - The company aims to expand its service network, particularly in the Asia-Pacific region, while also entering European markets to meet the demand for sustainable fuels [25][52] - Focus on diversifying fuel offerings, including biofuels and exploring other sustainable options like LNG and methanol [26][55] - Commitment to align with international environmental regulations and enhance operational capabilities through strategic partnerships [42][56] Management's Comments on Operating Environment and Future Outlook - Management maintains a cautiously optimistic outlook for the global economy, expecting moderate growth driven by emerging markets [31][34] - The ongoing geopolitical tensions are anticipated to sustain high bunker demand in the Asia-Pacific and Western European markets [33] - The company is well-positioned to capitalize on the growing demand for biofuels and sustainable fuels due to regulatory pressures [34][37] Other Important Information - The company operates on a debt-free basis with zero long-term borrowings, leveraging non-recourse factoring facilities to maintain liquidity [15] - The service network has expanded from 36 ports to over 60 ports since the IPO in March 2023, enhancing market coverage [16][17] Q&A Session Summary Question: What is Banle's macroeconomic outlook for the remainder of 2024? - Management sees moderate growth in the global economy, driven by resilient activities in emerging markets, with continued recovery efforts from various governments [31][34] Question: What is your view on the sustainable fuel market? - The transition from fossil fuels to sustainable alternatives is accelerating, driven by market forces and regulatory pressures, positioning the sustainable fuel market for rapid growth [36][37] Question: How is Banle optimizing supply chain to manage the increased demand for biofuels? - The company is establishing strategic partnerships and aligning its supply chain with industry standards to meet the growing biofuel demand [42][43] Question: What drives Banle's revenue growth in the first half of 2024? - Revenue growth was primarily driven by a significant increase in sales volume and expansion of the supply network [46][47] Question: Why did gross profit margin decline despite revenue growth? - The decline in gross profit margin was due to lower premiums offered to customers and increased competition in the market [49][50] Question: What led to the shift from net income in 2023 to a net loss in the first half of 2024? - The shift was primarily due to lower gross margins and higher operating costs associated with market expansion efforts [58][59] Question: What factors contributed to the rise in operating expenses and what is the expected impact on future costs? - Operating expenses rose due to higher selling and distribution expenses related to sales growth and strategic expansions [61][63]

| --- | --- | --- | |-------------------------------------------|-------|-------| | | | | | | | | | | | | | CBL International Limited Interim Results | | | | September 13, 2024 | | | Disclaimer and forward-looking statements This presentation contains forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the discussions of our business strategies and expectations concerning future operations, m ...

| --- | --- | |-------------------------------------------------------|----------------------| | Schedule of Remaining Lease Payments | Leases \n(Unaudited) | | 2024 | $ 97,310 | | 2025 | 163,550 | | 2026 | 35,851 | | Total remaining lease payments (undiscounted) | 296,711 | | Less: imputed interest | 10,045 | | Present value of lease liabilities | $ 286,666 | Exhibit 99.2 TABLE OF CONTENTS UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS CBL INTERNATIONAL LIMITED AND ITS SUBSIDIARIES F-3 CBL INTERNATIONAL L ...

CBL INTERNATIONAL LIMITED(Incorporated in Cayman Islands with limited liabilities)(NASDAQ: BANL) KUALA LUMPUR, Malaysia, Sept. 04, 2024 (GLOBE NEWSWIRE) -- CBL International Limited (the “Company” or “CBL”) (NASDAQ: BANL), the listing vehicle of Banle Group (“Banle” or “the Group”), a reputable marine fuel logistic company based in the Asia-Pacific region, announced today it will file its Interim report on Form 6-K for the year ended June 30, 2024, on Thursday, September 12, 2024. Banle will host a webcast ...

CBL INTERNATIONAL LIMITED(Incorporated in Cayman Islands with limited liabilities)(NASDAQ:BANL) HONG KONG, July 19, 2024 (GLOBE NEWSWIRE) -- CBL International Limited (the "Company" or "CBL") (NASDAQ:BANL), the listing vehicle of Banle Group ("Banle" or "the Group"), a reputable marine fuel logistic company in the Asia-Pacific region, today announced the successful completion of its inaugural bunkering service in India on July 11. This landmark operation was conducted at Mundra Port, Gujarat, one of India's ...

CBL国际有限公司 (注册于开曼群岛的有限责任公司) (美国纳斯达克交易所代码：BANL) 香港, July 19, 2024 (GLOBE NEWSWIRE) -- 万利集团（以下简称“万利”或“集团”）之上市实体CBL国际有限公司（CBL International Limited）（以下简称“公司”或“CBL”）（美国纳斯达克交易所代码：BANL），亚太地区知名的船舶燃油供应公司今日宣布，已于7月11日在印度成功完成其首次船舶燃油加注服务。这一具有里程碑意义的营运是在印度蒙德拉港进行，该港是印度最大和最具战略地位的港口之一。这标志着万利集团业务拓展战略的重要一步，体现了集团在全球关键区域提升运营能力和市场影响力的承诺。 印度蒙德拉港的战略重要性 蒙德拉港在印度海运物流业中扮演着关键角色，截至2023年11月已处理超过1.55亿吨货物，创下了印度历史新高。该港口作为重要的进出口门户，承担着印度约33%的集装箱货物吞吐量。其先进的基建设施，包括可以处理大型船舶的能力，使其成为海运贸易和经济增长的关键枢纽，助力印度于2025年实现5万亿美元经济体的目标。 燃油加注详情 是次在印度蒙德拉港为一家全球性的综合物流 ...

全球綠色船用燃料市場預計到2030年將成長至2013.5億美元，2023-2030年複合年增長率為50.4%香港, July 17, 2024 (GLOBE NEWSWIRE) -- 萬利集團（以下簡稱“萬利”或“集團”）（美國納斯達克交易所代碼：BANL）旗下亞太地區知名的船舶燃油供應公司 – 萬利能源國際有限公司宣布，已於6月28日及7月10日與馬來西亞船用燃油供應商Green Marine Supply SDN. BHD. （“Green Marine Supply”）及Armada Meridian SDN. BHD. (“Armada Meridian”) 攜手，在馬來西亞巴生港成功為為世界十大貨櫃海運公司之一的陽明海運股份有限公司（以下簡稱“陽明”）提供兩次B24生物燃料加注服務，這也是該港口首次生物燃料加注，標誌集團在響應全球航運業低碳轉型號召喚方面邁出了重要一步。 隨著國際海事組織（IMO）海上環境保護委員會第80屆會議（MEPC 80）最新的船舶溫室氣體減排目標出台，以及旨在提高船用燃料脫碳的歐盟FuelEU Maritime法規獲得通過並將於2025年1月1日開始實施，萬利能源提前部署，率 ...

HONG KONG, July 15, 2024 (GLOBE NEWSWIRE) -- On June 28 and July 10, 2024, Banle Energy International Limited, a Hong Kong subsidiary of the Banle Group (NASDAQ:BANL) ("Banle" or "the Group"), a reputable marine fuel logistic company in the Asia-Pacific region ("Banle Energy"), announced the successful completion of two B24 biofuel bunkering services for Yang Ming Marine Transport Corporation ("Yang Ming"), one of the top 10 container shipping companies in the world. These were achieved in partnership with ...

HONG KONG, July 15, 2024 (GLOBE NEWSWIRE) -- On June 28 and July 10, 2024, Banle Energy International Limited, a Hong Kong subsidiary of the Banle Group (NASDAQ: BANL) (“Banle” or “the Group”), a reputable marine fuel logistic company in the Asia-Pacific region (“Banle Energy”), announced the successful completion of two B24 biofuel bunkering services for Yang Ming Marine Transport Corporation (“Yang Ming”), one of the top 10 container shipping companies in the world. These were achieved in partnership with ...