Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q3 2020 Earnings Presentation
14 slides from Bumi Armada Bhd's earnings presentation, 2020
Slide 1: Bumi Armada Berhad Q3 2020 Financial Results
Bumi Armada Berhad Q3 2020 Financial Results 1
Slide 2: Safety
Bumi Armada Q3 2020 Safety Zero Lost-Time Injuries (“LTI”) as of Q3 2020. Key milestones achieved: • Armada TGT1 – 9 years LTI free • Armada Sterling – 7 years LTI free • Armada Sterling II – 5 years LTI free • Armada Olombendo, Karapan Armada Sterling III, FSU Armada LNG Mediterrana – 3 years LTI f
Slide 3: FPO Performance
Bumi Armada Q3 2020 FPO Performance Revenue (RM) Segment Results (RM) 470.5 mil 285.1 mil • Solid Q3 performance with challenges of COVID-19 being managed. • Notification of Award received from ONGC in Q3 2020 for the leasing of Armada Sterling for a fixed 10-year period, with annual option to exten
Slide 4: OMS Performance
Bumi Armada Q3 2020 OMS Performance Revenue (RM) Segment Results (RM) 93.9 mil 4.8 mil • Strong operational safety discipline maintained across the OMS fleet. • Improved OMS revenue due to higher OSV utilisation in Q3 vs Q2. • 1 vessel was disposed of (above net book value) in Q3 2020. • Actively pu
Slide 5: Financial Performance
Financial Performance Bip BUMIARMADA 6
Slide 6: Financial Performance Over Time
Financial Performance Over Time (All amounts shown are in RM’ mil) Revenue Operating profit before impairment (2) FPO OMS 85.6 90.5 93.9 92.0 74.0 66.0 96.1 248.6 241.9 246.6 521.2 222.1 462.1 470.5 201.3 425.6 443.6 453.9 419.5 167.0 150.5 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q1
Slide 7: Key Takeaways
Key Takeaways • Revenue in Q3 2020 decreased by 7.0% to RM564.4 million compared to Q2 2020. • Q3 2020 versus Q2 2020 ➢ FPO revenue decreased by 9.7% to RM470.5 million ➢ OMS revenue increased by 9.8% to RM93.9 million ➢ Operating profit before impairment decreased to RM222.1 million ➢ Group reports
Slide 8: Results Overview – Q3 2020 vs. Q2 2020
Results Overview – Q3 2020 vs. Q2 2020 (RM’m) Revenue Segment results FPO OMS FPO OMS 606.8 358.9 - 7% 564.4 13.9 85.6 289.9 93.9 - 19% 4.8 521.2 345.0 470.5 285.1 Q2 2020 Q3 2020 Q2 2020 Q3 2020 FPO : • Revenue and segment results decreased mainly due to lower vessel availability for Armada Kraken
Slide 9: Results Overview – Q3 2020 vs. Q2 2020
Results Overview – Q3 2020 vs. Q2 2020 (RM’m) Operating profit Net profit (1) before impairment (2) before impairment (2) - 10% - 15% 246.6 119.8 222.1 101.8 Q2 2020 Q3 2020 Q2 2020 Q3 2020 • Decreased operating profit and net profit before impairment mainly due to lower revenue from Armada Kraken F
Slide 10: Order Book As At 30 September 2020
Order Book As At 30 September 2020 As at 30 September 2020, the Group’s firm order book stood at RM17.2 billion. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on an annual basis with a total potential value of RM10.0 billion over the ent
Slide 11: Outlook
Outlook Bip BUMIARMADA at
Slide 12: Outlook
Outlook With the current uncertainty in the offshore O&G sector, BAB will continue to take a prudent approach towards the business. The focus will remain on: ▪ Safety ▪ Managing the impact of COVID-19 ▪ Performance across the fleet ▪ Reducing costs and debt ▪ Charters for the OMS vessels ▪ Assets mo
Slide 13: Forward Looking Disclaimer
Forward Looking Disclaimer This presentation may contain statements of future expectations an other forward-looking statements based on management’s and/or other information providers’ current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results
Slide 14: Q&A
Q&A Bip BUMIARMADA 4