Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q2 2025 Earnings Presentation
16 slides from Bumi Armada Bhd's earnings presentation, Aug 28, 2025
Slide 1: Bumi Armada Berhad Financial Results Q2 2025
Bumi Armada Berhad Financial Results Q2 2025 28 Aug 2025
Slide 2: Q2 2025 Health, Safety & Environment
Q2 2025 Health, Safety & Environment Armada Sterling FSU Armada LNG Mediterrana 12 years LTI free 8 years LTI free Armada Sterling II Armada Kraken 10 years LTI free 3 years LTI free Karapan Armada Sterling III Armada Constructor 7 years LTI free 8 years LTI free Armada Olombendo Armada Installer 3
Slide 3: Uptime Owned Units
Uptime Owned Units 98.60 % Armada TGT • Port crane returned to service after all damaged parts replaced. • ABS action items closed out, including side shell repair at water ballast tank 2P. Armada Kraken • Executed 71 hour planned shutdown to effect 4 critical valve replacements. As a result of work
Slide 4: Uptime JV Units
Uptime JV Units 97.69 % Armada Sterling II (C7) • Generator and compressor condition assessment and vibration system upgrade compressor A. • Sea water lift pump pipeline renewal. • Pressure vessel inspection and hydrotest. Karapan Armada Sterling III • GTGs A and C (generators) planned maintenance.
Slide 5: New Ventures Update (Q2 2025)
New Ventures Update (Q2 2025) Akia Production Sharing Contract (Akia PSC) • 3D seismic acquisition commenced in April 2025 and completed in May 2025 • Acquired 3D seismic currently being processed Kojo Production Sharing Contract (Kojo PSC) • Kojo PSC signed on 21 May 2025 with Armada Kojo BV operat
Slide 6: Sustainability & CSR Malaysia Award 2025
Sustainability & CSR Malaysia Award 2025 BAB named Company of the Year in the Energy Facilities & Services - Community & Environmental Care category at the Sustainability & CSR Malaysia Awards 2025. The award was presented by YB Datuk Seri Dr. Noraini binti Ahmad, the Deputy Minister of Women, Famil
Slide 7: Q2 2025 Financial Performance
Q2 2025 Financial Performance 7
Slide 8: Q2 2025 Financial Highlights (vs Q1 2025)
Q2 2025 Financial Highlights (vs Q1 2025) -14% RM407m (RM474m) -57% RM80m (RM188m) Revenue ** Profit for the financial period ** Adjusted revenue would be RM495m if remove Armada Olombendo FPSO and Malta FSU finance lease revenue and include BBC billings instead. The Group’s Key Financial Focus Area
Slide 9: Results Overview – Q2 2025 vs. Q1 2025
Results Overview – Q2 2025 vs. Q1 2025 RM'm Q1 2025 Q2 2025 Revenue 474.0 407.1 Operating expenses (246.2) (310.7) Other operating income 20.6 20.7 Operating profit 248.4 117.1 Finance costs (69.8) (63.7) Revenue lower Kraken option period charter rate offset Share of results of JVs and associates 1
Slide 10: Cash Movement – Q2 2025
Cash Movement – Q2 2025 (All amounts shown are in RM’m) Cash balance - Q2 2025 235 273 177 15 14 62 1,424 59 51 1,415 5 1 Apr 2025 Operating Dividends Interest Net change Repayment of Interest paid Dividends paid Currency Others 30 Jun 2025 Cash balance surplus received from received in working borr
Slide 11: Leverage Reducing Over Time
Leverage Reducing Over Time Cash Debt stood at Net Debt Cash (in RM’mil) > RM1.4 Billion 678 689 752 705 902 1,214 Debt Repayment 1,100 1,427 1,424 1,415 in Q2-25 amounted to 4,338 4,130 3,897 3,650 3,392 2,773 US$63 Million 2,538 2,257 2,083 1,647 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'
Slide 12: Financial Performance Over Time
Financial Performance Over Time (All(All amounts amounts shown shown areare in RM’m) in RM’m) Revenue Operating Profit before Impairment Operations Others 1.3 1.5 17.0 14.9 8.7 3.7 0.5 0.9 1.4 621.4 634.2 386.3 345.2 315.1 321.4 561.9 543.1 529.1 524.3 529.2 2.7 263.4 260.7 248.4 473.0 222.5 439.9 1
Slide 13: Vessel Order Book as of 30 June 2025
Vessel Order Book as of 30 June 2025 Vessel Order book as at 30 June 2025 ➢ 72% vessel order book from wholly-owned FPO units Firm contract RM5.7 bil RM3.4 bil period order book ➢ Robust firm vessel order book of RM9.1b Optional extension RM7.5 bil RM1.7 bil ➢ Certain contracts contain extension per
Slide 14: 2025 Outlook
2025 Outlook We are pursuing new opportunities in targeted markets. We will continue to focus on the following areas to improve the prospects of the organisation: Safety Maintain LTI free for all assets. Performance Sustain solid financial performance Growth Expand our core FPSO business and explore
Slide 15: 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
Slide 16: Q&A
Q&A ae BUMIARMADA 16