Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q1 2013 Earnings Presentation
7 slides from Bumi Armada Bhd's earnings presentation, May 21, 2013
Slide 1: Q1 2013 Financial Results
Q1 2013 Financial Results 21 May 2013 “Knots Ahead of the Rest”
Slide 2: Key takeaways
Key takeaways Revenue grew 46% y-o-y Net Profit grew 22.3% y-o-y Q1 EBITDA of RM253.8 million up 12% y-o-y New Cluster-7 FPSO with initial contract value of USD740 million New build programme ‘Steel on Water 2’ with contracts for 4 multipurpose platform support vessels worth USD130 million Purchase
Slide 3: Results Overview – YTD 2013 vs. YTD 2012
Results Overview – YTD 2013 vs. YTD 2012 C7 FPSO award secured and growth across all business segments Revenue +45.9% 488.8 EBITDA 335.1 +11.7% 253.8 Net Profit * +22.3% 109.7 227.3 Q1 2012 Q1 2013 89.7 • New T&I LukOil contract Q1 2012 Q1 2013 • New vessels and higher uptime in OSV segment Higher E
Slide 4: Revenue composition by business units
Revenue composition by business units Improved performance in established sectors FPSO OSV 250.0 +15.9% 160.0 142.4 192.3 +24.7% 140.0 200.0 165.9 114.2 120.0 150.0 100.0 80.0 100.0 60.0 50.0 40.0 20.0 - - Q1 2012 Q1 2013 Q1 2012 Q1 2013 Increase in O&M revenue from variation orders and revenue from
Slide 5: Revenue composition by geographical %
Revenue composition by geographical % Malaysia based international company Continued expansion across key regions YTD 2012 YTD 2013 4.2% 5.1% 19.4% 16.1% 32.2% 30.9% 44.2% 47.9% 5
Slide 6: Leverage and capitalization
Leverage and capitalization Financial capacity to undertake more projects Net Debt / EBITDA(1) Gearing ratio (1) Calculated based on annualized EBITDA 6
Slide 7: Order book
Order book Increase in quality firm backlog to RM7.9b As at 31 Mar 2013, the Group’s order book stood at RM7.9 billion compared to RM7.0 billion as at 31 Dec 2012. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annual basis with a tota