预计两个数字将在2029年之前保持适度的年增长率在2024年所有贸易的集装箱吞吐量增长了5%长途贸易和区域贸易的增长率达到了6%这些数据反映了全球贸易的持续复苏和扩张 销售总量增长38.1%而收入总额增长了35.9%达到592.5百万美元受到更高需求和运营扩张的推动现金增长8.3%达到800万美元经营现金流激增80.6% CPL的人有补给业务网络与这个趋势高度契合目前我们在全球前15大集装箱港口中有13个港口的业务包括上海新加坡和宁波舟山等全球前10大港口我们都有业务在运营在客户方面 CBL目前为全球前12家集装箱航运公司中的9家提供服务这些公司在全球集装箱航运市场占据约60%的市场份额接下来让我们看一下这张幻灯片上面的内容重点突出了CBL的地缘政治韧性 全球海上贸易在2024年面临重大的干扰这是由地缘政治紧张局势造成的自2023年10月开始的红海危机严重影响了苏伊士运河和巴巴尔曼德普海峡等关键海上航线这也导致 船只改道航行时间延长和运营成本的增加例如从路透丹到上海的航程从25.5天增加到34天这种干扰还导致运费率的飙升 以及我们看到在一些地区比如说亚太地区毛里求斯和开普敦等地区燃油补给需求增加中东紧张的局势 ...

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 ...

[Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the company's unaudited condensed consolidated financial statements, including balance sheets, income statements, statements of changes in shareholders' equity, cash flows, and detailed explanatory notes for the interim period [Unaudited Condensed Consolidated Balance Sheets](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2024, total assets increased to **$68.2 million** from **$53.5 million** at year-end 2023, driven by a rise in accounts receivable, while total liabilities grew to **$44.5 million** from **$28.2 million**, primarily due to increased accounts payable, resulting in a slight decrease in total shareholders' equity from **$25.3 million** to **$23.8 million** Condensed Consolidated Balance Sheet Summary (in USD) | Account | June 30, 2024 (Unaudited) | December 31, 2023 (Unaudited) | | :--- | :--- | :--- | | **Total Current Assets** | $67,130,891 | $52,126,915 | | **Total Assets** | **$68,219,855** | **$53,461,908** | | **Total Current Liabilities** | $44,446,064 | $27,974,389 | | **Total Liabilities** | **$44,546,240** | **$28,168,762** | | **Total Shareholders' Equity** | $23,765,574 | $25,299,675 | [Unaudited Condensed Consolidated Statements of Income and Comprehensive Income](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Income%20and%20Comprehensive%20Income) For the six months ended June 30, 2024, revenue significantly increased to **$277.2 million** from **$192.0 million** in the prior year, but gross profit declined to **$2.7 million** from **$4.0 million**, leading to an operating loss of **$1.4 million** and a net loss of **$1.6 million**, or **($0.06)** per share, compared to a net income of **$1.2 million**, or **$0.05** per share, in 2023 Income Statement Summary (in USD) | Metric | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | Revenue | $277,231,636 | $191,955,811 | | Gross Profit | $2,715,618 | $4,005,818 | | (Loss) / Income from Operations | $(1,401,746) | $1,494,747 | | Net (Loss) / Income | $(1,619,531) | $1,153,445 | | Basic and Diluted EPS | $(0.06) | $0.05 | [Unaudited Condensed Consolidated Statements of Changes in Shareholders' Equity](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Shareholders'%20Equity) For the six months ended June 30, 2024, total shareholders' equity decreased from **$25.3 million** to **$23.7 million**, primarily due to a net loss of **$1.6 million**, while the number of ordinary shares outstanding remained constant at **25,000,000** Shareholders' Equity Movement - H1 2024 (in USD) | Description | Amount | | :--- | :--- | | Balance as of December 31, 2023 | $25,293,146 | | Net Loss | $(1,619,531) | | **Balance as of June 30, 2024** | **$23,673,615** | [Unaudited Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) In the first six months of 2024, the company generated **$2.3 million** in cash from operating activities, a significant improvement from the **$7.2 million** used in 2023, with minimal investing activities and no financing activities, leading to a **$2.3 million** increase in cash, ending the period at **$9.7 million** Cash Flow Summary (in USD) | Cash Flow Activity | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | Net Cash from Operating Activities | $2,302,241 | $(7,236,872) | | Net Cash from Investing Activities | $(17,415) | $(541,750) | | Net Cash from Financing Activities | $0 | $13,176,716 | | **Net Increase in Cash** | **$2,284,826** | **$5,398,094** | | **Cash at End of Period** | **$9,687,716** | **$10,430,984** | [Notes to the Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations of the company's accounting policies and specific financial statement items, covering business operations, basis of presentation, accounts receivable, derivative instruments, property and equipment, leases, income taxes, revenue by geography, and a significant subsequent private placement event [1. Organization and Principal Business](index=6&type=section&id=1.%20Organization%20and%20Principal%20Business) CBL International Limited is a marine fuel logistics company providing one-stop vessel refueling solutions, detailing its corporate structure, 2022 reorganization, and March 2023 Nasdaq Capital Market IPO under the ticker 'BANL' - The Company operates as a marine fuel logistics firm, facilitating vessel refueling between ship operators and fuel suppliers in the Asia Pacific, Europe, and other regions[15](index=15&type=chunk) - The company's ordinary shares began trading on the Nasdaq Capital Market on **March 23, 2023**, under the ticker symbol **"BANL"** following an IPO of **3,325,000** ordinary shares[18](index=18&type=chunk)[37](index=37&type=chunk) [2. Basis of Presentation, New Accounting Standards, and Significant Accounting Policies](index=7&type=section&id=2.%20Basis%20of%20Presentation,%20New%20Accounting%20Standards,%20and%20Significant%20Accounting%20Policies) The unaudited condensed consolidated financial statements are prepared in accordance with U.S. GAAP, with consistent accounting policies from the 2023 annual financial statements, and the adoption of new standards had no material impact - The financial statements are prepared in accordance with U.S. GAAP for the purpose of filing the Form 6-K interim report[20](index=20&type=chunk) - Accounting policies are consistent with the 2023 annual report, and the adoption of new standards effective **March 1, 2024**, did not have a material impact on the Group's financial statements[42](index=42&type=chunk) [3. Accounts Receivable](index=8&type=section&id=3.%20Accounts%20Receivable) Accounts receivable increased to **$38.6 million** as of June 30, 2024, from **$25.1 million** at year-end 2023, with **68.9%** concentrated among the top five customers, and **$11.6 million** of receivables sold under a non-recourse factoring facility, all of which have since been collected Accounts Receivable (in USD) | Date | Total Accounts Receivable | % from Top 5 Customers | | :--- | :--- | :--- | | June 30, 2024 | $38,646,165 | 68.9% | | Dec 31, 2023 | $25,125,851 | 57.7% | - The company sold accounts receivable of **$11,632,225** to a bank under a non-recourse factoring arrangement as of June 30, 2024[63](index=63&type=chunk) - As of the reporting date, all accounts receivable outstanding as of **June 30, 2024** have been collected[44](index=44&type=chunk) [4. Derivative Instruments](index=8&type=section&id=4.%20Derivative%20Instruments) The company uses commodity contracts for risk management, not designated as hedging instruments, with their fair value increasing to **$118,055** as of June 30, 2024, from **$28,776** at year-end 2023, valued using Level 2 inputs Fair Value of Derivative Assets (in USD) | Date | Total Fair Value | | :--- | :--- | | June 30, 2024 | $118,055 | | Dec 31, 2023 | $28,776 | Notional Values of Commodity Contracts (Metric Tons) | Position | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Long | 4,700 | 16,750 | | Short | 13,120 | 0 | [5. Prepayment and other current assets](index=9&type=section&id=5.%20Prepayment%20and%20other%20current%20assets) Prepayments and other current assets totaled **$18.2 million** as of June 30, 2024, a slight decrease from **$19.3 million** at year-end 2023, primarily comprising **$17.6 million** in deposits with suppliers to secure credit lines for marine fuel purchases Prepayment and Other Current Assets Breakdown (in USD) | Component | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Prepayments | $594,475 | $1,686,014 | | Deposit | $17,638,634 | $17,631,175 | | **Total** | **$18,233,109** | **$19,317,189** | - Deposits of approximately **$17.5 million** were placed with suppliers to secure credit lines for purchasing marine fuels[26](index=26&type=chunk) [6. Property, Plant and Equipment](index=9&type=section&id=6.%20Property,%20Plant%20and%20Equipment) This note details the company's property, plant, and equipment, with a net book value of **$835,513** as of June 30, 2024, primarily consisting of office equipment, motor vehicles, and computer software, along with their respective accumulated depreciation and amortization Property, Plant and Equipment, Net (in USD) | Asset Class | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Office equipment, furniture and fixtures, net | $362,374 | $429,511 | | Motor vehicle, net | $69,117 | $78,332 | | Computer software costs, net | $404,022 | $488,669 | [7. Interest Income and Interest Expense](index=10&type=section&id=7.%20Interest%20Income%20and%20Interest%20Expense) Net interest expense for the first six months of 2024 significantly increased to **$227,752** from **$116,434** in 2023, driven by higher interest expense on the factoring arrangement, which grew to **$238,845**, while unused financing facilities decreased to **$5.9 million** from **$13.6 million** Net Interest Expense Breakdown (in USD) | Component | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Interest income | $17,813 | $21,652 | | Interest expense on lease liabilities | $(6,720) | $(4,987) | | Interest expense on factoring arrangement | $(238,845) | $(133,099) | | **Total Net Interest Expense** | **$(227,752)** | **$(116,434)** | - The unused portion of financing facilities was approximately **$5.9 million** as of June 30, 2024, down from **$13.6 million** as of December 31, 2023[51](index=51&type=chunk) [8. Commitments and Contingencies](index=11&type=section&id=8.%20Commitments%20and%20Contingencies) In the ordinary course of business, the company enters into purchase commitments for marine fuel, and as of June 30, 2024, it was not a party to any material legal or administrative proceedings and had no significant contingencies - The company has purchase commitments for marine fuel as part of its normal business operations and risk management program[53](index=53&type=chunk) - As of **June 30, 2024**, and **December 31, 2023**, the Company is not a party to any material legal proceedings and did not have any significant contingencies[54](index=54&type=chunk) [9. Income Taxes](index=11&type=section&id=9.%20Income%20Taxes) The company's income tax provision was only **$205** for the first six months of 2024, a steep decline from **$246,686** in the prior-year period, reflecting the shift from pre-tax income to a pre-tax loss, with tax regimes outlined for the British Virgin Islands, Hong Kong, and Malaysia Income Tax Provision by Jurisdiction (in USD) | Jurisdiction | H1 2024 | H1 2023 | | :--- | :--- | :--- | | Hong Kong | $0 | $242,070 | | Malaysia | $205 | $4,616 | | **Total** | **$205** | **$246,686** | - The reconciliation of income tax expense shows a shift from a tax expense of **$246,686** on pre-tax income of **$1.4 million** in H1 2023 to a tax expense of **$205** on a pre-tax loss of **$1.6 million** in H1 2024[76](index=76&type=chunk) [10. Revenue Disaggregation](index=12&type=section&id=10.%20Revenue%20Disaggregation) Revenue is disaggregated by the geographic location of marine fuel delivery, with China being the largest market at **$142.2 million** for the six months ended June 30, 2024, followed by Hong Kong with **$96.5 million**, and all listed geographic segments showing year-over-year revenue growth Revenue by Geographic Location (in USD) | Location | H1 2024 | H1 2023 | | :--- | :--- | :--- | | China | $142,231,627 | $102,789,336 | | Hong Kong | $96,483,443 | $63,594,042 | | Malaysia | $30,083,114 | $21,358,117 | | Singapore | $6,429,651 | $2,989,753 | | South Korea | $944,380 | $757,320 | | Others | $1,059,421 | $467,243 | | **Total** | **$277,231,636** | **$191,955,811** | [11. Finance and Operating Leases](index=12&type=section&id=11.%20Finance%20and%20Operating%20Leases) The company leases offices with terms of two to five years, reporting right-of-use lease assets of **$253,451** and total lease liabilities of **$286,666** as of June 30, 2024, with a weighted-average remaining lease term of **1.65 years** and total future undiscounted lease commitments of **$296,711** Schedule of Remaining Lease Payments (Undiscounted, in USD) | Year | Lease Payments | | :--- | :--- | | 2024 | $97,310 | | 2025 | $163,550 | | 2026 | $35,851 | | **Total** | **$296,711** | Lease Balances on Balance Sheet (in USD) | Account | June 30, 2024 | Dec 31, 2023 | | :--- | :--- | :--- | | Right-of-use lease assets | $253,451 | $338,481 | | Current lease liabilities | $186,490 | $177,761 | | Non-current lease liabilities | $100,176 | $194,373 | [12. Subsequent event](index=14&type=section&id=12.%20Subsequent%20event) Subsequent to the reporting period, on **August 22, 2024**, the company closed a private placement, issuing **2,500,000** ordinary shares at **$0.55** per share, raising approximately **$1.375 million** in gross proceeds for network development, alternative energy initiatives, future acquisitions, and general corporate purposes - On **July 22, 2024**, the company entered into a Securities Purchase Agreement for a private placement of **2,500,000** ordinary shares at **$0.55** per share[84](index=84&type=chunk) - The private placement closed on **August 22, 2024**, generating gross proceeds of approximately **$1.375 million** and increasing the total number of outstanding shares to **27,500,000**[82](index=82&type=chunk)

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 ...

全球绿色船用燃料市场预计到2030年将增长至2013.5亿美元，2023-2030年复合年增长率为50.4%香港, July 15, 2024 (GLOBE NEWSWIRE) -- 万利集团（以下简称“万利”或“集团”）（美国纳斯达克交易所代码：BANL）旗下亚太地区知名的船舶燃油供应公司 – 万利能源国际有限公司宣布，已于6月28日及7月10日与马来西亚船用燃油供应商Green Marine Supply SDN. BHD. （“Green Marine Supply”）及Armada Meridian SDN. BHD. (“Armada Meridian”) 携手，在马来西亚巴生港成功为為世界十大集装箱海运公司之一的阳明海运股份有限公司（以下简称“阳明”）提供两次B24生物燃料加注服务，这也是该港口首次生物燃料加注，标志集团在响应全球航运业低碳转型号召方面迈出了重要一步。 随着国际海事组织（IMO）海上环境保护委员会第80届会议（MEPC 80）最新的船舶温室气体减排目标出台，以及旨在提高船用燃料脱碳的欧盟FuelEU Maritime法规获得通过并将于2025年1月1日开始实施，万利能源提前部署，率 ...