Bumi Armada Bhd. · MYX:ARMADA

Bumi Armada Bhd — Q4 2019 Earnings Presentation

15 slides from Bumi Armada Bhd's earnings presentation, 2020

  1. Slide 1: Q4 and FY 2019 Results Presentation

    Q4 and FY 2019 Results Presentation 1

  2. Slide 2: Disclaimer

    Disclaimer Full details related to this presentation are contained in the Company’s Unaudited Financial Statement for Q4 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

  3. Slide 3: Agenda

    Agenda • Operational Updates • Q4 and 2019 Financials • Outlook • Q&A 3

  4. Slide 4: Operational Updates

    Operational Updates N 4 v4 BUMIARMADA BP

  5. Slide 5: FPO Fleet Data

    FPO Fleet Data ARMADA OLOMBENDO ARMADA KRAKEN ARMADA LNG MEDITERRANA ARMADA TGT 1  No LTIs in Q4 2019  Kraken continues to improve  98/2: Vessel in the yard, conversion work has started.  Marketing of Armada Claire continues. ARMADA STERLING ARMADA STERLING 2 KARAPAN ARMADA STERLING III Uptimes

  6. Slide 6: OMS Fleet Data

    OMS Fleet Data Where the OMS vessels operate  No LTIs in Q4 2019  No OSVs sold in Q4 2019  Current OSV fleet – 32 vessels  Armada Installer and Armada Constructor remain unchartered Data includes off-hire days and stacked vessels Q1 2019 Q2 2019 Q3 2019 Q4 2019 OSV Fleet Utilisation 39% 51% 58%

  7. Slide 7: Q4 and 2019 Financials

    Q4 and 2019 Financials \ 7 va BUMIARMADA BP

  8. Slide 8: Key takeaways

    Key takeaways • Net loss of RM235m(1) in Q4 2019 compared to a net profit of RM153m in Q3 2019 mainly due to:  Increased cost of sales of RM234m in respect of the Woodside matter;  OMS impairment of RM44m. • Net profit of RM59m(1) for 2019 compared to a net loss of RM2,303m for 2018. • In February

  9. Slide 9: Litigation With Woodside Energy Julimar Pte Ltd

    Litigation With Woodside Energy Julimar Pte Ltd • Supreme Court judgement dismissed ABPL’s case against Woodside on 24 January 2020. • The Group has recognised a non-cash impairment loss of RM234m (in cost of sales) in relation to the unsuccessful legal claim against Woodside. • ABPL will file an ap

  10. Slide 10: Results Overview (RM’m)

    Results Overview (RM’m) Revenue Segmental Results 535.6 527.8 301.0 515.6 262.7 271.9 491.6 22.5 92.0 74.0 9.0 230.2 66.0 96.1 45.8 35.7 253.7 278.5 425.6 443.6 453.9 419.5 226.1 194.5 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2019 FPO OMS FPO OMS FPO : • Revenue and Segment results

  11. Slide 11: Results Overview – Q4 2019 vs. Q3 2019 (RM’m)

    Results Overview – Q4 2019 vs. Q3 2019 (RM’m) Operating Profit Net Profit (1) before impairment (2) before impairment (2) 153.4 248.6 201.3 71.6 167.0 150.5 78.2 62.2 62.5 42.1 49.9 81.8 10.3 31.8 12.3 15.7 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Net profit excluding OOI and

  12. Slide 12: Order book as at 31 Dec 2019

    Order book as at 31 Dec 2019 As at 31 Dec 2019, the Group’s firm order book stood at RM17.5 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 RM9.8 billion over the entire optional

  13. Slide 13: Outlook

    Outlook eS BUMIARMADA ts

  14. Slide 14: Outlook

    Outlook We will continue to focus on five key areas: • Corporate and operational safety; • Optimise performance across the FPO fleet; • Reduce costs and debt; • Secure charters for the OMS vessels; and • Monetise selective assets. 14

  15. Slide 15: Q&A

    Q&A eS BUMIARMADA 18

Bumi Armada Berhad — Q4 2019 Earnings Presentation on 6ix