Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — FY2021 Earnings Presentation
16 slides from Bumi Armada Bhd's earnings presentation, 2022
Slide 1: Bumi Armada Berhad Financial Results Full Year 2021 / Q4 2021
Bumi Armada Berhad Financial Results Full Year 2021 / Q4 2021
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (“Presentation”) has been produced by or on behalf of Company exclusively for information purposes only. The Presentation is private and confidential and is to be used solely by the recipient for its own information only and shall not be redi
Slide 3: Health, Safety and Environment
Bumi Armada Q4 2021 Health, Safety and Environment Key HSE Milestone Achievements Armada TGT 1 FSU Armada LNG Mediterrana 10 years LTI free 4 years LTI free Armada Sterling Karapan Armada Sterling III 8 years LTI free 4 years LTI free Armada Sterling II OSVs: AT300, AT501, Armada Hibiscus 6 years LT
Slide 4: Key Operations Update
Bumi Armada Q4 2021 Key Operations Update Armada Kraken • Unplanned shutdown at one of the two trains has been resolved Armada TGT 98/02 FPSO Armada LNG Mediterrana (under construction) UK • LNG tank special survey Kraken Field Malta Marsaxlokk Armada Olombendo Bay • UWILD Campaign 1 (Oct-21 to INDI
Slide 5: Segmental Performance
Bumi Armada Q4 2021 Segmental Performance FPO Segment Revenue (RM) Segment Results (RM) Average Uptime Q1 2021 Q2 2021 Q3 2021 Q4 2021 480.1 mil 260.1 mil Owned Units* (4) 98% 99% 99% 98% JV Units (3) 99% 100% 100% 100% * Excludes Armada Claire OMS Segment Revenue (RM) Segment Results (RM) Utilisati
Slide 6: Financial Performance
Financial Performance Wy » Ya BUMIARMADA BP
Slide 7: Key Takeaways
Key Takeaways Q4 2021 (versus Q3 2021) -1% RM513m (RM518m) RM480m (RM472m) -28% RM33m (RM46m) Revenue +2% FPO revenue OMS revenue RM222m (RM231m) Classification of Ice Class Vessels (“ICV”) Companies’ financial -4% results as discontinuing operations in Q4 2021. Gross profit Comparative numbers have
Slide 8: Results Overview – Q4 2021 vs. Q3 2021 (RM’m)
Results Overview – Q4 2021 vs. Q3 2021 (RM’m) RM'm Q4 2021 Q3 2021 Continuing operations FPO: Revenue 513.1 517.9 Operating expenses (322.3) (314.4) • Revenue due to improved performance from Other operating income 10.5 22.8 Armada Kraken FPSO. Operating profit before impairment 201.3 226.4 • Segmen
Slide 9: Cash Balance – Q4 2021 vs. Q3 2021 (RM’m)
Cash Balance – Q4 2021 vs. Q3 2021 (RM’m) Cash Balance - Q4 2021 vs. Q3 2021 1,500 1,450 21 63 1,400 73 482 1,350 362 32 1,300 1,250 1,200 RM'm 1,150 1,100 1,050 1,000 950 910 900 10 843 850 800 750 1 Oct 2021 Cash from Proceeds Dividends Cash flows Interest paid Repayment of Others 31 Dec 2021 Cash
Slide 10: Financial Performance Over Time
Financial Performance Over Time (All amounts shown are in RM’m) Revenue Operating Profit before Impairment (2) FPO OMS - Others Discontinuing ops (Part of OMS) Continuing operations Discontinuing operations 23.7 3.0 4.5 18.1 84.0 23.0 85.6 58.8 27.8 13.9 90.5 93.9 44.6 92.0 74.0 45.7 33.0 66.0 96.1
Slide 11: Leverage Reducing Over Time
Leverage Reducing Over Time (All amounts shown are in RM’m) Debt Gearing Net Debt Cash Debt to Equity Net Debt to EBITDA 10.50 9.73 9.95 1,148 1,096 1,035 960 1,094 850 923 895 975 876 910 6.38 795 4.75 4.69 8,834 8,796 8,845 8,749 4.27 4.00 8,396 8,503 7,939 7,412 7,166 6,903 6,486 6,123 3.27 3.09
Slide 12: Order Book as at 31 December 2021 (RM’b)
Order Book as at 31 December 2021 (RM’b) Order Book as at 31 December 2021 ➢ 82% order book from Firm contract wholly-owned FPO units period order book RM11.0b RM2.4b ➢ Robust firm order book of RM13.6b Optional extension RM7.5b RM1.3b ➢ Certain contracts contain extension period order book options
Slide 13: Outlook
Outlook Wy » Ya BUMIARMADA BP
Slide 14: Outlook
Outlook The sturdier oil price augurs well for the oil and gas sector, which is witnessing increased activities across the entire value chain, including the floating offshore solutions segment. The Group expects the existing portfolio of the FPO business to be stable in 2022 and will be exploring ne
Slide 15: Q&A
Q&A » BUMIARMADA
Slide 16: Thank You
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