Bintulu Port Holdings Bhd. · MYX:BIPORT
Bintulu Port Holdings Bhd — Q2 2022 Earnings Presentation
18 slides from Bintulu Port Holdings Bhd's earnings presentation, Sep 2, 2022
Slide 1: Corporate Presentation 2Q2022
CORPORATE PRESENTATION 2Q2022 2 September 2022 in collaboration with
Slide 2: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumpti
Slide 3: Business Overview
Business Overview Quick Facts Highlights Business Snapshot Diversified Cargo Throughput Rising Vessel Calls Teamwork Integrity Innovation Professionalism 3
Slide 4: Quick Facts Highlights
QUICK FACTS HIGHLIGHTS Largest LNG Export Terminal in East Asia RM728 million Operating Revenue in 2021 1st Port Operator in ASEAN Region to export LNG in ISO Tank RM363.19 million ProfitAfter Tax in 2021 Biggest Container Terminal in East Malaysia 40-50% Historical Dividend Pay-out Ratio Main Expor
Slide 5: Business Snapshot
BUSINESS SNAPSHOT Bintulu Port Samalaju Industrial Port Biport Bulkers Overall (BPSB) (SIPSB) (BBSB) Key Customers Cargo Capacity 75 Million Tonnes 18 Million Tonnes N/A 93 Million Tonnes Utilisation Rate (%) 50.7 Container Capacity 450,000 TEUs 50,000 TEUs N/A 500,000 TEUs Utilisation Rate (%) 71.3
Slide 6: Diversified Cargo Throughput
DIVERSIFIED CARGO THROUGHPUT The cargo type remains similar in the 1H 2021 and 1H 2022. LNG remains the leading cargo throughput contributor 6.9% LNG 7.0% 9.2% 8.0% 10.9% 13.0% 11.7% Containerized Cargo 12.0% Cargo Throughput Cargo Throughput 1H 2021 10.7% Crude Oil & 1H 2022 Condensate 10.0% 24.63
Slide 7: Growing Vessel Calls
GROWING VESSEL CALLS No. of Vessel Calls have remained stable for BPSB SIPSB Vessel Calls has been steadily growing. Vessel Calls - BPSB Vessel Calls -SIPSB 12.8% 41.0% 3,408 175 3,022 134 1.7% 31.7% 1,624 1,652 83 63 2Q21 2Q22 1H21 1H22 2Q21 2Q22 1H21 1H22 Teamwork Integrity Innovation Professional
Slide 8: Financial Review
Financial Review Port Operation; The Leading Contributor Growing Cargo Throughput by SIPSB Revenue Growth Trajectory Stellar Earnings Growth Prudent Balance Sheet Management
Slide 9: Port Operation; The Leading Contributor
PORT OPERATION; THE LEADING CONTRIBUTOR The revenue segment remains similar in the 1H 2021 and 1H 2022. Port Operations remain the leading contributor to the Group’s Operating Revenue. 5.4% 4.9% Port Operation RM366.9 mil RM392.3 mil 1H 2021 1H 2022 Bulking Services 94.6% 95.1% *Excluding inter-segm
Slide 10: Growing Cargo Throughput from SIPSB
GROWING CARGO THROUGHPUT FROM SIPSB The The revenue by cargo type remains similar in the 1H 2021 and 1H 2022. LNG remains leading contributor to Group’s Operating Revenue. 5.4% LNG 49.2% 17.6% Non-LNG 18.3% RM366.9 mil Containers RM392.3 mil 7.5% 1H 2021 52.7% 1H 2022 Samalaju 6.9% Cargoes 4.9% 16.8
Slide 11: Growing Revenue Trajectory
GROWING REVENUE TRAJECTORY Operating Revenue (RM mil) Qtr YoY • Grew by 6.6% in 2Q22 to 194.2 mil. 716.4 707.3 728.4 6.9% 1H YoY • Expanded by 6.9% for the 1H22 to RM392.3 mil. 6.6% 366.9 392.3 Commentary 182.1 194.2 • Increase overall throughput tonnage to 24.9 mt. • Marked increase in cargoes from
Slide 12: Stellar Earnings Growth
STELLAR EARNINGS GROWTH 700.0 PAT (RM mil) PAT margin (%) Qtr YoY 2000.0 % • Increased by 12.1% in 2Q22 to RM22.3 mil. 600.0 1000.0 % 1H YoY 18.0% 13.2% 49.9% 10.9% 11.5% 12.2% 16.1% • Overall registered a 42.2% increase in 2Q22 to 500.0 0.0% 400.0 363.2 -100 0.0% RM63.4 mil. -200 0.0% 300.0 Comment
Slide 13: Prudent Balance Sheet Management
PRUDENT BALANCE SHEET MANAGEMENT Net (Debt)/ Cash (RM Mil) 133.7 • The Group has been taking proactive steps in 15 0.0 10 0.0 55.0 reducing its net debt position through-out the years by 50 .0 progressively building-up its cash reserves resulting in 0.0 Net Cash Position of RM133.7 mil in 2Q22. -5 0
Slide 14: Key Takeaways
Key Takeaways Earnings Catalysts ESG Initiatives Investment Merits
Slide 15: Earnings Catalyst
EARNINGS CATALYST New Investor(s)/ ▪ MPAS Phase 1 full commercialisation slated in 4Q22 Investors Expansion ▪ OMH has plans to add 2 new Mn Alloys furnaces, increasing its total plant output ▪ New Investor Entrant; Able to tap into the growth potential of Samalaju Industrial Park 1 In SIP ▪ Future e
Slide 16: ESG Initiatives
ESG INITIATIVES ✓ The Group targets to become a Carbon-neutral port in the future. ✓ Continuing its on-going green port initiatives through commendable improvements via a 15% reduction in carbon-emissions since 2019 ✓ Renewable Energy (RE) Project involving Solar Panel Project with Petronas Environm
Slide 17: Investment Merits
INVESTMENT MERITS LEADING PORT OPERATOR EARNINGS VISIBILITY & STRONG FUNDAMENTALS IN EAST MALAYSIA GROWTH ▪ Largest LNG Export Terminal ▪ Net Cash Position of RM134 ▪ LNG Segment is expected to in East Asia mil as at 2Q22 remain anchor contributor underpinned by its sustainable ▪ Main Export Outlet
Slide 18: For Investor Relations, please contact
For Investor Relations, please contact: Irene ak Selat irene@bintuluport.com.my Ashley Chew ashley@esente.com.my Shern Wei shernwei@esente.com.my © BINTULU PORT HOLDINGS BERHAD (2022) All rights reserved. No part of this document may be reproduced, stored in a retrieval system or transmitted in any
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