Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q3 2019 Earnings Presentation
11 slides from Westports Holdings Bhd's earnings presentation, Nov 5, 2019
Slide 1: Westports Holdings Berhad 3rd Quarter 2019 Financial Report
Westports Holdings Berhad 3rd Quarter 2019 Financial Report 5th November 2019
Slide 2: MFRS 16
MFRS 16 2 ▪1 Right-of-use (ROU) assets ▪ Under MFRS 16, Westports has identified the following ▪ Outsourced use of IT hardware/server ▪ Tug boats and pilot boats ▪ Changes at the balance sheet ▪ New item, right-of-use assets at present value of the future lease ▪ Added lease liabilities also at pres
Slide 3: Revenue
Revenue 3 ▪ 3Q19 Container revenue reflected transhipment and gateway volume growth. Improvement in revenue per TEU at both boxes category ▪ YTDSep19 Conventional revenue reflected lower volume across different commodity type. Marine revenue with more vessel calls and bigger ships. Lower rental with
Slide 4: Cost
Cost 4 ▪ 3Q19 Higher TOE maintenance costs, more kWh of electricity used, greater manpower incentives are all due to higher container TEUs ▪ YTDSep19 Small fuel cost increase despite significant growth at container volume due to reduced fuel intensity and lower MOPS price. Marine reflected MFRS 16,
Slide 5: Overall Results & Profitability Margins
Overall Results & Profitability Margins 5 3Q19 3Q18 %Chg 2Q19 % QoQ YTDSep19 YTDSep18 %Chg On YTD Performance Transhipment +20% while gateway Container m TEUs 2.77 2.45 13% 2.74 1% 8.04 6.95 16% +8%. Strong export +10% whereas import +8%. Laden gateway box % increased to 82%. Lesser cargoes Conventi
Slide 6: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 6 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 3Q19 3Q18 YTDSep19 YTDSep18 • 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 7: Throughput Volume
Throughput Volume 7 ▪ 3Q19 Relatively smaller regional liners contributed to strong growth whereas additional long-haul services helped transhipment volume ▪ YTDSep19 Intra-Asia with 63% split underpinned overall volume growth. Asia-Europe’s strong momentum continued since 3Q18 while Asia-America is
Slide 8: Additional Investments At CT9
Additional Investments At CT9 8 Completed CT1 to CT9 ▪ From 2m TEUs in 1996 to current capacity of 14m TEUs ▪ Additional investment at CT9 to raise total capacity to 15m TEUs ▪ 5 units of Quay Cranes ▪ 12 units of Rubber Tyred Gantry Cranes ▪ 40 Terminal Trucks ▪ CT9 Container Yard Zone Z ▪ Enhanced
Slide 9: Westports Expansion
Westports Expansion 9 Expansion of CT10 to CT17 ▪ Obtained Approval-in-Principle for the proposed expansion ▪ To increase container handling capacity to 28m TEUs with an additional 4.8km of wharves Updates on development progress ▪ Completed technical studies with favourable findings and approval fr
Slide 10: Dividend & Outlook
Dividend & Outlook 10 Dividend Distribution Track Record Outlook 2019 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 1st Interim Div 6.74 sen 1H 2019 14 Aug 2019 23 Aug 2019 2nd Interim Div 6.33 sen 2H 2018 18 Feb 2019 01 Mar 2019 1st Interim Div 5.40 sen 1H 2018 07 Aug 2018 20 Aug 2018
Slide 11: Thank You
Thank You Westports Holdings Berhad http://westportsholdings.com/ http://westportsmalaysia.com/ 2018 Annual Report http://ir.chartnexus.com/westportsholdings/docs/WESTPORTS_ANNUAL_REPORT_2018-COLOUR.pdf 2018 Sustainability Report http://ir.chartnexus.com/westportsholdings/docs/WESTPORTS_SUSTAINABILI
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