Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q1 2023 Earnings Presentation
9 slides from Westports Holdings Bhd's earnings presentation, May 5, 2023
Slide 1: Westports Holdings Berhad 1st Quarter 2023 Financial Report
Westports Holdings Berhad 1st Quarter 2023 Financial Report 5th May 2023
Slide 2: Revenue
Revenue 2 ▪ 1Q23 Container revenue -4% despite volume +6% due to lower storage charges as dwell time of transhipment boxes reduced without congestion. Marine revenue +29% with +32% increase in container vessels berthing but boxes handled per vessel -20% to 1.3k per ship ▪ Higher rental with tenants
Slide 3: Cost
Cost 3 ▪ 1Q23 Manpower cost reflected higher salaries, EPF, allowances and bonus provision. Lower fuel cost mainly due to lower MOPS price ▪ Higher electricity cost due to ICPT increasing from 3.7 to 20.0 sen/kWh despite lower electricity consumption and reefer dwelling days. M&R cost hike reflected
Slide 4: Overall Results & Profitability Margins
Overall Results & Profitability Margins 4 1Q23 1Q22 %Chg 4Q22 % QoQ FY2022 FY2021 %Chg On 1Q23 Performance Transhipment and gateway +6% Container m TEUs 2.55 2.39 6% 2.58 -1% 10.05 10.40 -3% while handling of empties +14%. Yard occupancy and TS dwell time eased. At conventional segment, Conventional
Slide 5: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 5 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 1Q23 1Q22 FY2022 FY2021 • 20 year Sukuk Musharakah Medium Term Note program obtained on 20 April 2011 Operating Profit Before Tenure • Valid unless it has been redeemed, cancelled Working Capi
Slide 6: Container Terminal Expansion
Container Terminal Expansion 6 Expansion check-list S&P conditions precedent@ ▪ Approval-in-Principle ▪ WHB shareholders approval ▪ Purchase of PKNS land ▪ No objection from EPU ▪ 8 detailed technical studies ▪ Approved land conversion for ‘Marina Land’ to industrial use ▪ Finalised port layout desi
Slide 7: Throughput Volume
Throughput Volume 7 ▪ 1Q23 was the 2nd highest ever quarterly gateway volume, boosted by competitive exports and FDIs. Some repositioning as empty boxes’ growth outpaced laden boxes. Intra-Asia remained resilient, underpinned overall container throughput with more services ▪ Conventional volume grow
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2023 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 2nd Interim Div 7.46 sen 2H 2022 09 Feb 2023 20 Feb 2023 1st Interim Div 6.91 sen 1H 2022 12 Aug 2022 23 Aug 2022 2nd Interim Div 9.28 sen 2H 2021 15 Feb 2022 24 Feb 2022
Slide 9: Thank You
Thank You Westports Holdings Berhad http://www.westportsholdings.com/ Annual Report 2022 https://www.westportsholdings.com/wp-content/uploads/files/WPRTS_Annual_Report_04Apr2023@1700.pdf Sustainability Report 2022 https://www.westportsholdings.com/wp-content/uploads/files/WPRTS_Sustainability_Report
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