Bumi Armada Bhd. · MYX:ARMADA

Bumi Armada Bhd — Q2 2017 Earnings Presentation

16 slides from Bumi Armada Bhd's earnings presentation, Aug 25, 2017

  1. Slide 1: Bumi Armada Q2 2017 Analyst Briefing

    BUMI ARMADA Q2 2017 ANALYST BRIEFING 25th August 2017

  2. Slide 2: Disclaimer

    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, performance, o

  3. Slide 3: Agenda

    Agenda 1. Operational & Project Updates 2. Q2 2017 Financials 3. Outlook 4. Q&A 3

  4. Slide 4: Operational & Project Updates

    Operational & Project Updates 4

  5. Slide 5: OMS Updates

    OMS Updates OSV  Vessel utilisation moved up to 52% in Q2 2017, compared to 42% in Q1 2017.  Sale of 4 vessels this year - Armada Aman, Armada Tuah 20 & 22, Armada Tuah Satu. Subsea Construction  Very good progress on current 2017 scope for Lukoil.  Lukoil project 2018 scope signed on 3 July 201

  6. Slide 6: FPSO Updates

    FPSO Updates  99% uptime on the operating FPSOs.  Projects: 1. Armada Olombendo – Stably producing over 65k BBLS/oil. 2. Karapan Armada Sterling III – First gas received on 6 May 2017. Completed 72h test on 22 July 2017. 3. Armada Kraken – 1st Oil achieved on 23 June. Interim production period on-

  7. Slide 7: Q2 2017 Financials

    Q2 2017 Financials VX Wa BUMIARMADA 3

  8. Slide 8: Key takeaways

    Key takeaways  Revenue in Q2 2017 increased by 71.8% to RM694.4 mil versus RM404.2 mil in Q1 2017.  Q2 2017 versus Q1 2017 FPO and OMS revenue increased by 40.9% and 116.9% to RM337.6 mil and RM356.8 mil, respectively.  EBITDA(1) in Q2 2017 increased by 72.4% to RM428.2 mil versus RM248.4 mil in

  9. Slide 9: Results Overview – Q2 2017 vs. Q1 2017 (in RM’mil)

    Results Overview – Q2 2017 vs. Q1 2017 (in RM’mil) Revenue EBITDA Net Profit(1) 694.4 428.2 116.6 356.8 72% 72% 404.2 248.4 142% 164.5 48.1 337.6 239.7 Q1 2017 Q2 2017 Q1 2017 Q2 2017 Q1 2017 Q2 2017 FPO OMS (1) Attributable to Owners of the Company 9

  10. Slide 10: Results Overview – YTD 2017 vs. YTD 2016 (in RM’mil)

    Results Overview – YTD 2017 vs. YTD 2016 (in RM’mil) Revenue EBITDA Net Profit(1) 1,098.6 676.6 164.7 833.6 32% 521.3 50% 450.2 69% 97.5 461.4 577.3 372.2 YTD 2016 YTD 2017 YTD 2016 YTD 2017 YTD 2016 YTD 2017 (1) Attributable to Owners of the Company FPO OMS Note: The profit in YTD 2016 as shown abo

  11. Slide 11: Revenue composition by geographical %

    Revenue composition by geographical % Malaysia based international company continued expansion across key regions YTD 2016 6% 10% 17% 67% 8

  12. Slide 12: Order book as at 30 June 2017

    Order book as at 30 June 2017 As at 30 June 2017, the Group’s firm order book stood at RM23.7 bil compared to RM23.9 bil as at 31 March 2017. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annual basis with a total potential value of R

  13. Slide 13: Outlook

    Outlook 17 BUMIARMADA 7

  14. Slide 14: Bumi Armada Outlook

    Bumi Armada Outlook  Completion of projects.  Cost initiatives being progressed.  Sale of unutilised assets.  Progressing tender activities.  Exploring opportunities to improve balance sheet ratios. 14

  15. Slide 15: Q&A

    Q&A VX Wa BUMIARMADA BP

  16. Slide 16: Thank You

    Thank You ap ZN V BUMIARMADA 16

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