Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q2 2026 Earnings Presentation
20 slides from Bumi Armada Bhd's earnings presentation, Aug 27, 2026
Slide 1: Bumi Armada Berhad Financial Results Q2 2026
Bumi Armada Berhad Financial Results Q2 2026 27 Aug 2026
Slide 2: Q2 2026 Health, Safety & Environment
Q2 2026 Health, Safety & Environment Armada Sterling FSU Armada LNG Mediterrana 13 years LTI free 9 years LTI free Armada Sterling II Armada Kraken 11 years LTI free NA Karapan Armada Sterling III Armada Constructor 8 years LTI free 9 years LTI free Armada Olombendo Armada Installer 4 years LTI free
Slide 3: Uptime Owned Units
Uptime Owned Units 95.83% Armada TGT • Replacement combustion liner installed in gas turbine generator B engine. Armada Kraken • Process plant shutdown due to leaks identified on propane line from flare ignition panel. • Emergency shutdown due to false gas indication in essential generator room air
Slide 4: Uptime JV Units
Uptime JV Units 100% Armada Sterling II (C7) • Gas turbine compressor A servicing, installation & commissioning. Karapan Armada Sterling III • Annual cargo and ballast tank inspections for class special survey. Armada Sterling V • Gas turbine generator C routine service and inspection. Armada Sterli
Slide 5: Q2 2026 PSC Update
Q2 2026 PSC Update Active tenders/bids • Bumi Armada signed Jalu PSC on 20 May 2026. • Various interested parties re potential farm into Indonesian PSC’s. Data rooms currently being prepared. 5
Slide 6: Corporate Social Responsibility
Corporate Social Responsibility PT Armada Gema Nusantara supported community development at Sedati Village in Sampang regency through its Eid al-Adha cow donation CSR programme and continued its partnership with University of Brawijaya by providing internship opportunities. Bumi Armada Berhad organi
Slide 7: Q2 2026 Financial Performance
Q2 2026 Financial Performance 7
Slide 8: Q2 2026 Financial Highlights (vs Q1 2026)
Q2 2026 Financial Highlights (vs Q1 2026) RM335m (RM307m) RM69m (RM42m) +9% Revenue ** +64% Profit for the financial period ** Adjusted revenue would be RM429m if Armada Olombendo FPSO and Malta FSU finance lease revenue was substituted with BBC billings instead. The Group’s Key Financial Focus Area
Slide 9: Results Overview – Q2 2026 vs. Q1 2026
Results Overview – Q2 2026 vs. Q1 2026 RM'm Q1 2026 Q2 2026 Material changes Q2 2026 vs Q1 2026 Revenue 306.6 335.2 Revenue due to compensation payable to the charterer Operating expenses (251.5) (267.0) of Armada Kraken FPSO in Q1 2026 upon confirmation of Forex (loss)/gain (3.2) 4.7 charter extens
Slide 10: Financial Performance Over Time
Financial Performance Over Time (All amounts shown are in RM’m) Revenue Operating Profit before Impairment Operations Others 1.3 17.0 8.7 3.7 0.9 2.7 3.9 4.5 2.7 634.2 5.2 345.2 321.4 561.9 315.1 543.1 529.2 473.0 260.7 248.4 404.4 356.8 342.6 332.5 301.4 146.0 117.2 135.1 98.4 67.2 Q1 Q2 Q3 Q4 Q1 Q
Slide 11: Net Profit to Operating Cash Flows – Q2 2026
Net Profit to Operating Cash Flows – Q2 2026 Q2 2026 Net profit to Net Cash Flows from Operating Activities 32 35 60 25 12 150 141 37 69 Net profit Finance costs and Depreciation Others Operating profit Favorable Interest paid and Dividends Net cash flows taxation before working movements in net tax
Slide 12: Cash Movement – Q2 2026
Cash Movement – Q2 2026 (All amounts shown are in RM’m) Cash balance - Q2 2026 14 5 31 146 12 9 142 34 59 1,175 4 1,135 1 Apr 2026 Operating Dividends Interest Net change in Currency Advances Repayment Interest Dividends Others 30 Jun 2026 Cash balance surplus received from received working translat
Slide 13: Strategic Debt Positioning
Strategic Debt Positioning Cash stood at Debt RM1.1 Billion Net Debt Cash (in RM’mil) 902 Debt Repayment in Q2-26 1,214 1,100 1,427 1,424 amounted to 1,415 1,256 US$37 Million 3,392 2,773 2,538 1,316 1,175 1,135 2,257 2,083 1,647 1,473 1,061 849 759 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1
Slide 14: Vessel Order Book as of 30 June 2026
Vessel Order Book as of 30 June 2026 ➢ 73% vessel order book from Vessel Order book as at 30 June 2026 wholly-owned FPO units Firm contract RM4.4 bil RM2.7 bil period order book ➢ Robust firm vessel order book of RM7.1b Optional extension RM7.1 bil period order book RM1.6 bil ➢ Certain contracts con
Slide 15: Capital Management
Capital Management 1 2 Maintain optimal cash level for growth Further reduce corporate-level debts opportunities Why does the Group keep a certain Will the Group continue to prepay its cash level? debts? • Positioning for growth is essential to • Prepayments of corporate-level debts are enhance shar
Slide 16: Capital Management Framework
Capital Management Framework Capital allocation Net Cash Flow from Operations priority Preserve financial resilience Sustaining Organic Inorganic Balance sheet capital growth growth strength Invest in value-accretive projects and/or acquisitions Excess Operating Cash Flows Reduce corporate debt Retu
Slide 17: Capital Reduction and Share Buyback
Capital Reduction and Share Buyback Phase 1: Capital Reduction Phase 2: Implementation of Share Buyback ✓ EGM for proposed capital reduction ✓ EGM for proposed share buyback approved on 21 May 2026 approved on 21 May 2026 ✓ Preparation of relevant forms for submission to SSM Submission process to SS
Slide 18: 2026 Outlook
2026 Outlook We are pursuing new opportunities in targeted markets. We will continue to focus on the following areas to improve the prospects of the organisation: Safety Maintain LTI free for all assets. Sustain solid financial performance driven by Performance operational excellence. Expand our cor
Slide 19: Disclaimer
Disclaimer This presentation may contain statements of future expectations an other forward-looking statements based on management’s and/or other information providers’ current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, o
Slide 20: Q&A
Q&A ee BUMIARMADA 20