Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q4 2022 Earnings Presentation
9 slides from Westports Holdings Bhd's earnings presentation, Jan 20, 2023
Slide 1: Westports Holdings Berhad 4th Quarter 2022 Financial Report
Westports Holdings Berhad 4th Quarter 2022 Financial Report 20th January 2023
Slide 2: Revenue
Revenue 2 ▪ 4Q22 Container revenue +1% despite volume +5% due to lower VAS/storage charges, lesser dwell time of boxes without congestion. Marine revenue +39% with increase in container vessels berthing of +34%, but boxes handled per vessel -22% to about 1.4k per vessel ▪ YTDDec22 Conventional growt
Slide 3: Cost
Cost 3 ▪ 4Q22 Stable total headcount as higher cost reflected higher salaries, EPF, bonuses, allowances. Fuel cost growth rate moderated QoQ ▪ YTDDec22 RM1,500 minimum wage from Jan22 and annual increments. Fuel cost due to MOPS and weaker RM despite fuel use of -3%. Depreciation included LBT5, 21 R
Slide 4: Overall Results & Profitability Margins
Overall Results & Profitability Margins 4 4Q22 4Q21 %Chg 3Q22 % QoQ YTDDec22 YTDDec21 %Chg On YTD Performance +9% and record 4m gateway TEUs. Container m TEUs 2.58 2.47 5% 2.59 0% 10.05 10.40 -3% Transhipment -10%. No congestion with average yard occupancy -13%. Growth at all notable conventional Co
Slide 5: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 5 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 4Q22 4Q21 YTDDec22 YTDDec21 • 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 ▪ 4Q22 4th consecutive quarter of improved YoY %. Gateway +14% with more competitive local exports and FDIs. Transhipment improved as supply chain constraints eased with lower normalizing demand. Blank sailings increased with some repositioning of empty boxes ▪ YTDDec22 Intra-Asi
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2023 Dividend Financial Payment Ex-Date Per Share (RM) Year Date LBT5 2nd Interim Div 7.46 sen 2H 2022 08 Feb 2023 17 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
Slide 9: Thank You
Thank You Westports Holdings Berhad http://www.westportsholdings.com/ Corporate Impact Report by Morningstar Sustainalytics https://www.westportsholdings.com/wp-content/uploads/files/Westport_Sustainalytics_Corporate_Impact_Report.pdf Westports Climate Change Assessment Report by DHI Water & Environ
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