Perdana Petroleum Bhd. · MYX:PERDANA
Perdana Petroleum Bhd — Q4 2024 Earnings Presentation
23 slides from Perdana Petroleum Bhd's earnings presentation, Feb 20, 2025
Slide 1: 4Q FY2024 Financial Results - Analysts & Fund Managers Snapshot
4Q FY2024 FINANCIAL RESULTS ANALYSTS & FUND MANAGERS SNAPSHOT 20th February 2025
Slide 2: Disclaimer
DISCLAIMER This presentation is provided on a strictly private and confidential basis and is being supplied to you solely for your information and for discussion purposes only. All information contained in this presentation belongs to Perdana Petroleum Berhad (the “Company” or “PPB”) and may not be
Slide 3: Corporate Structure
Naim Holdings Corporate Structure PERDANA PETROLEUM BHD provides offshore marine services for the upstream oil & Bhd gas industry in the domestic and regional market via our main operating subsidiaries: *24.2% • Intra Oil Services Bhd (Ship Manager and Operator) • Perdana Nautika Sdn Bhd (PETRONAS L
Slide 4: Corporate Milestone
2007-2015 2011 2003 Fleet Renewal • Changed name to • Transferred to Main Programme by Perdana Petroleum Bhd • Acquired balance of 2015 Board of KLSE acquiring 19 45% in Perdana Nautika Becomes a • Acquired Intra Oil vessels & Sdn Bhd subsidiary of 1988 Services Bhd & disposed old fleet. Dayang Ente
Slide 5: Our Fleet
We own and operate a well-balanced fleet of vessels comprising a strategic mix of Our Fleet AHTS, workbarges and workboats capable of operating in greenfield and brownfield segments. The vessels conform to the standard requirement of IACS (International Association of Classification Societies) and t
Slide 6: Our Clients
ZG PETRONAS Z@ an ExonMobil % 2 PERISAI MHB Mubadala Sf &® 4, x ; Va wu c Petroleum Our Clients UMW Petrofac @ Lundin roc) Pd (Hess S5Pac HiBiscus Vv sapusP CARIGALI HESS & avn MESSE P PETRA etroleum JX Nippon Oil & Gas Exploration wu Vo ae Croc ConocoPhillips WELESTO UVUSMA~~o | aney
Slide 7: Our Sustainability Pillars
Our Sustainability Pillars 7
Slide 8: HSE Awards & Accolades
HSE Awards & Accolades Recent 10 Business Awards Years Performance Excellence Partner ZERO 2024 Hibiscus Recognition Lost Time Injuries Across 2023 HSE Excellent Appreciation ROC Oil 2022 Outstanding and Excellent HSE SEA Hibiscus 2.0 million Outstanding and Excellent HSE 2019 Performance EnQuest YT
Slide 9: Anchor Handling Tug Supply (AHTS)
Anchor Handling Tug Supply (AHTS) Perdana Perdana Perdana Perdana Marathon Expedition Horizon Voyager DP2 12240 BHP DP2 10880 BHP DP2 10880 BHP DP2 10880 BHP Perdana Perdana Perdana Perdana Adventurer Traveller Frontier Ranger DP2 10800 BHP DP2 10800 BHP DP1 5220 BHP DP1 5220 BHP 9
Slide 10: Accommodation Workbarge and Workboat
300 pax Accommodation Workbarge 169 pax Accommodation Workboat Perdana Perdana Perdana Perdana Emerald Endurance Excelsior Sovereign Perdana Perdana Protector Resolute 1,669 pax Total Accommodation Space 10
Slide 11: Improving Global Oil and Gas Outlook Driven by Recovery in Oil Prices
IMPROVING GLOBAL OIL AND GAS OUTLOOK DRIVEN BY RECOVERY IN OIL PRICES 150.0 Brent Crude Oil Price 2020 2021 2022 2023 2024 130.0 Average USD p.b 42.0 70.9 100.9 82.5 80.5 122.7 117.3 110.0 89.8 93.7 89.9 85.2 90.0 80.6 70.0 59.3 74.2 74.0 73.2 74.0 50.0 51.8 30.0 10.0 22.8 -10.0 Sep'20 Sep'21 Sep'22
Slide 12: PETRONAS Activity Outlook (Vessels Supporting Production Operations)
PETRONAS ACTIVITY OUTLOOK (VESSELS SUPPORTING PRODUCTION OPERATIONS) FORECAST AS PER PETRONAS ACTIVITY OUTLOOK ACTUAL AS PER PETRONAS ACTIVITY OUTLOOK Production Operation ▪ AHTS requirements to remain healthy, 20 vessels required for the next 3 years. ▪ The offshore support vessel (OSV) demand by r
Slide 13: PETRONAS Activity Outlook (Vessels Supporting Drilling and Projects)
PETRONAS ACTIVITY OUTLOOK (VESSELS SUPPORTING DRILLING AND PROJECTS) FORECAST AS PER PETRONAS ACTIVITY OUTLOOK ACTUAL AS PER PETRONAS ACTIVITY OUTLOOK Drilling and Projects ▪ Outlook 2026-2027 illustrates stable year-to-year demand for vessels supporting project/drilling activities. ▪ AHTS and Workb
Slide 14: PETRONAS Remains Committed to Support the O&G Sector
PETRONAS REMAINS COMMITTED TO SUPPORT THE O&G SECTOR ▪ Malaysian Oil, Gas and Energy Services Council (MOGSC) has commended the recent awarding of landmark contracts for integrated well continuity services (ICWS) and maintenance, construction, and modification (MCM) services to oil and gas services
Slide 15: OSV Market Outlook 2025
OSV MARKET OUTLOOK 2025 ▪ The Malaysian OSV market is expected to remain tight, with rising demand from PETRONAS creating a favorable environment for the local OSV players. Since 2014, numerous local OSV players have been in survival mode, prioritizing balance sheet deleveraging, which has led to a
Slide 16: Financial Performance of Fourth Quarter - Key Financial Highlights
FINANCIAL PERFORMANCE OF FOURTH QUARTER – Key Financial Highlights UTILISATION 2024 2023 Variance Q4 2024 Commentary Q4 50% 53% -6% ▪ Despite a lower revenue for the current quarter due to lower vessel utilisation at 50% vs 53% QoQ, couple with lower revenue generated from chartering of third-party
Slide 17: Strive for Stronger Financial Performance and Balance Sheet
STRIVE FOR STRONGER FINANCIAL PERFORMANCE AND BALANCE SHEET 10 Years Historical Performance (RM mil) Core EBITDA Core EBITDA Margin 600.0 RM218.3 mil ( 76%) 50% ( 25%) 440.1 FY23: RM124.0 mil FY23: 40% 400.0 313.9 347.2 240.0 196.6 Core PAT 228.2 189.7 Core PAT 191.7 208.3 Margin 200.0 147.8 153.5 1
Slide 18: Financial Overview for the Financial Year Ended 31 Dec 2024
FINANCIAL OVERVIEW FOR THE FINANCIAL YEAR ENDED 31 DEC 2024 Revenue and PAT Gearing 650 450 0.60 440 0.49 400 314 300 0.40 0.37 0.35 208 197 298 150 154 256 0.23 150 203 0.15 0.20 11 44 146 (66) 154 119 115 (100) 2020 2021 2022 2023 2024 47 45 67 0 23 - (328) 2020 2021 2022 2023 2024 (350) Cash and
Slide 19: Latest 5 Years Key Financial Ratios
LATEST 5 YEARS KEY FINANCIAL RATIOS < --------------------- Audited -------------------- > Unaudited Financial Year 2020 2021 2022 2023 YTD 2024 Revenue (RM mil) 208 154 197 314 440 EBITDA (RM mil) 38 (196) 81 125 227 PAT (RM mil) (66) (328) 11 44 146 EBITDA Margin % 19% -128% 41% 40% 52% PAT Margin
Slide 20: Fleet's Performance - Tender Book
FLEET’S PERFORMANCE – TENDER BOOK Tender Book Amount of RMTender 1.3Book billion Tender Proposed Estimated Vessel Type - Unit Provided By Duration Commencement AW BARGE Oil Major 4 months to 8 months 2Q2025 3 units AHTS Oil Major 8 months to 18 months 2Q2025 4 units AHTS (4 units) and 1 Others Spot
Slide 21: Way Forward 2025
WAY FORWARD 2025 Operational Excellence, Cost Optimisation, Balance Portfolio and Maximise Utilisation Rates • To take advantage of the improved charter rates in the current market and remains committed to continue, improve and expand from FY2024. • To manage operations prudently to adapt to the rap
Slide 22: Key Takeaways
KEY TAKEAWAYS HEALTHY BALANCE SHEET Gearing level at 0.1x STRONG FINANCIAL PERFORMANCE FY2024 PAT of RM146 million, more than three times higher than FY2023 PAT SOLID ORDER BOOK AND FOCUS ON CORE BUSINESS Order book approximately RM610 million and with the right asset class on AHTS and AWB O&G SECTO
Slide 23: Perdana Petroleum Berhad contact details
Perdana Petroleum Berhad (199501042909) Intra Oil Services Berhad (198001007912) Perdana Nautika Sdn Bhd (201001038637) Level 18, Block 2, VSQ @ PJCC, Jalan Utara 46200 Petaling Jaya, Selangor Darul Ehsan, Malaysia t: +603.7931.8524 / 8424 / 8324 Follow Us f: +603.7931.8624 A black letter f in a whi
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