Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q2 2022 Earnings Presentation
9 slides from Westports Holdings Bhd's earnings presentation, Jul 28, 2022
Slide 1: Westports Holdings Berhad 2nd Quarter 2022 Financial Report
Westports Holdings Berhad 2nd Quarter 2022 Financial Report 28th July 2022
Slide 2: Revenue
Revenue 2 ▪ 2Q22 Container revenue +3% despite throughput -6% due to higher VAS and increase in revenue per TEU. On QoQ basis, lesser VAS amount without yard congestion. Conventional revenue increased with break bulk mixed steel and project cargoes and LPG with LBT5 ▪ YTDJun22 Higher rental with new
Slide 3: Cost
Cost 3 ▪ 2Q22 Fuel cost due to much higher MOPS despite fuel consumption -4%. Electricity cost up with ICPT from Feb22 and more reefers ▪ YTDJun22 Manpower cost reflected minimum wage of RM1,500 from Jan22, annual increments and higher headcount. Depreciation charges increased with capitalisation of
Slide 4: Overall Results & Profitability Margins
Overall Results & Profitability Margins 4 2Q22 2Q21 %Chg 1Q22 % QoQ YTDJun22 YTDJun21 %Chg On YTD Performance Gateway -0%, transhipment -12%. Container m TEUs 2.49 2.65 -6% 2.39 4% 4.88 5.30 -8% No congestion with average yard occupancy -7%. Liquid bulk-bunker decline offset break and dry bulk Conve
Slide 5: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 5 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 2Q22 2Q21 YTDJun22 YTDJun21 • 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
Slide 6: Container Terminal Expansion
Container Terminal Expansion 6 Expansion check-list ▪ Approval-in-Principle ▪ Purchase of PKNS land ▪ 8 detailed technical studies ▪ Finalised port layout design ▪ S&P to acquire Marina Land@ ▪ Initial and detailed EIA reports ▪ Concession terms with PKA ▪ EIA approval on detailed study ▪ Approved l
Slide 7: Throughput Volume
Throughput Volume 7 ▪ 2Q22 YoY decline partly due to 2Q21 base effect but QoQ grew. Trade lanes’ volume also incorporated various global supply chain challenges, service changes, blank sailings and the outset of global economic inflationary effects ▪ YTDJun22 Some Asia-Africa services stoppages. Bre
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2022 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 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 1st Interim Div 8.50 sen 1H 2021 17 Aug 2021 26 Aug 2021
Slide 9: Thank You
Thank You Westports Holdings Berhad http://www.westportsholdings.com/ Annual Report 2021 https://www.westportsholdings.com/wp-content/uploads/files/Westports_Hldgs_Bhd_Annual_Report_2021.pdf Sustainability Report 2021 https://www.westportsholdings.com/wp-content/uploads/files/WestportsHldgsSustainab
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