Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q3 2019 Earnings Presentation
14 slides from Bumi Armada Bhd's earnings presentation, Nov 22, 2019
Slide 1: Bumi Armada Q3 2019 Analyst Briefing
BUMI ARMADA Q3 2019 ANALYST BRIEFING 22 Nov 2019
Slide 2: Disclaimer
Disclaimer Full details related to this presentation are contained in the Company’s Unaudited Financial Statement for Q3 2019. This presentation may contain statements of future expectations an other forward-looking statements based on management’s and/or other information providers’ current views a
Slide 3: Agenda
Agenda • Operational Updates • Q3 2019 Financials • Outlook • Q&A 3
Slide 4: Operational Updates
Operational Updates VX Wa BUMIARMADA BP
Slide 5: FPO Fleet Data
FPO Fleet Data ARMADA OLOMBENDO ARMADA KRAKEN ARMADA LNG MEDITERRANA ARMADA TGT 1 ▪ No LTIs in Q3 2019 ▪ Completed sale of Armada Perdana ARMADA STERLING ARMADA STERLING 2 KARAPAN ARMADA STERLING III Uptimes Q1 2019 Q2 2019 Q3 2019 Owned Units (4) 96% 98% 97% JV Units (3) 95% 98% 99% 5
Slide 6: OMS Fleet Data
OMS Fleet Data Where the OMS vessels operate ▪ No LTIs in Q3 2019 ▪ Sold 5 OSVs in Q3 2019 ▪ Current OSV fleet – 32 vessels ▪ 3 Vessels in the SC fleet Data includes off-hire days and stacked vessels Q1 2019 Q2 2019 Q3 2019 OSV Fleet Utilisation 39% 51% 58% Currently pursuing new contracts for SC ve
Slide 7: Q3 2019 Financials
Q3 2019 Financials VX Wa BUMIARMADA 3
Slide 8: Key takeaways
Key takeaways • Revenue in Q3 2019 decreased by 1.5% to RM527.8 million compared to Q2 2019 • Q3 2019 versus Q2 2019 • FPO revenue increased by 2.3% to RM453.9 million • OMS revenue decreased by 19.7% to RM73.9 million • Other operating income of RM81.8 million • Net profit (1) increased by 96.2% to
Slide 9: Results Overview – Q3 2019 vs. Q2 2019 (RM'm)
Results Overview – Q3 2019 vs. Q2 2019 (RM’m) Revenue Segmental Results 301.0 535.6 527.8 262.7 271.9 491.6 22.5 92.0 74.0 9.0 66.0 45.8 278.5 453.9 253.7 425.6 443.6 226.1 Q1 2019 Q2 2019 Q3 2019 Q1 2019 Q2 2019 Q3 2019 FPO OMS FPO OMS FPO : • Revenue increased due to higher contribution from Armad
Slide 10: Results Overview – Q3 2019 vs. Q2 2019 (RM'm)
Results Overview – Q3 2019 vs. Q2 2019 (RM’m) Operating Profit Net Profit (1) 248.6 153.4 201.3 71.6 167.0 78.2 62.2 62.5 49.9 81.8 12.3 15.7 Q1 2019 Q2 2019 Q3 2019 Q1 2019 Q2 2019 Q3 2019 Net profit excluding OOI Other operating income ("OOI") • Other operating income of RM81.8 million in Q3 2019
Slide 11: Order book as at Sep 2019
Order book as at 30 Sep 2019 As at 30 Sep 2019, the Group’s firm order book stood at RM18.5 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 entire optional
Slide 12: Outlook
Outlook VX Wa BUMIARMADA BP
Slide 13: Outlook
Outlook Key focus areas for the Group: • Safety remains a top priority • Maintain high uptime performance of our FPO fleet • Cost and financial optimisation • Securing new charters for our OMS vessels 13
Slide 14: Q&A
Q&A . BUMIARMADA