Bumi Armada Bhd. · MYX:ARMADA

Bumi Armada Bhd — Q1 2018 Earnings Presentation

16 slides from Bumi Armada Bhd's earnings presentation, May 31, 2018

  1. Slide 1: Bumi Armada Q1 2018 Analyst Briefing

    BUMI ARMADA Q1 2018 ANALYST BRIEFING 31st May 2018

  2. Slide 2: 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

  3. Slide 3: Agenda

    Agenda 1. Operational & Project Updates 2. Q1 2018 Financials 3. Outlook 4. Q&A 3

  4. Slide 4: Operational & Project Updates

    Operational & Project Updates 4

  5. Slide 5: FPO Updates

    FPO Updates Project Updates:  Armada Olombendo – Achieved PRN on 17th May. Achieved 1 year free LTI operations.  Armada Kraken – Currently producing 40,000 bopd, completing commissioning. Final acceptance by Q2. Operating Vessels:  Armada Perdana – Abandoning of field by client. Reviewing legal o

  6. Slide 6: OMS Updates

    OMS Updates OSV  Vessel utilisation declined to 38% in Q1 2018, compared to 46% in Q4 2017.  Safety awards from XoM, Repsol and Shell. Subsea Construction  Armada Installer mobilising to field for pipelay scope. Discussions with clients for future work scope  First pipelay project completed for

  7. Slide 7: Q1 2018 Financials

    Q1 2018 Financials VX Wa BUMIARMADA 3

  8. Slide 8: Key takeaways

    Key takeaways  Revenue in Q1 2018 decreased by 9.3% to RM600.3 million compared to Q4 2017.  Q1 2018 versus Q4 2017  FPO revenue increased by 1.7% to RM460.3 million  OMS revenue decreased by 33.1% to RM140.0 million  EBITDA(1) decreased by 11.8% to RM320.6 million  Net profit (2) decreased by

  9. Slide 9: Results Overview – Q1 2018 vs. Q4 2017 (in RM’mil)

    Results Overview – Q1 2018 vs. Q4 2017 (in RM’mil) Revenue EBITDA Net Profit (1) 662.1 600.3 -9% 209.3 63.8 140.0 363.4 -12% -24% 320.6 48.4 452.8 460.3 Q4 2017 Q1 2018 Q4 2017 Q1 2018 Q4 2017 Q1 2018 FPO OMS (1) Attributable to Owners of the Company 9

  10. Slide 10: Results Overview – YTD 2018 vs. YTD 2017 (in RM’mil)

    Results Overview – YTD 2018 vs. YTD 2017 (in RM’mil) Revenue EBITDA Net Profit (1) 600.3 29% 49% 140.0 320.6 404.2 1% 164.5 48.1 48.4 248.4 460.3 239.7 YTD 2017 YTD 2018 YTD 2017 YTD 2018 YTD 2017 YTD 2018 FPO OMS (1) Attributable to Owners of the Company 10

  11. Slide 11: Revenue composition by geographical %

    Revenue composition by geographical % Malaysia based international company continued expansion across key regions YTD 2017 YTD 2018 2% 2%6% 3% 30% 28% 45% 47% 37% 11

  12. Slide 12: Order book as at 31 March 2018

    Order book as at 31 March 2018 As at 31 Mar 2018, the Group’s firm order book stood at RM26.2 bil compared to RM22.3 bil as at 31 Dec 2017. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annual basis with a total potential value of RM1

  13. Slide 13: Outlook

    Outlook 17 BUMIARMADA 7

  14. Slide 14: Outlook

    Outlook FPO  Achieve acceptance of Kraken FPSO soonest  Target one FPSO contract per year, securing partners for large projects  Pursuing Armada Claire redeployment  Armada TGT-1 contract extension nearly finalised  Progress on Woodside litigation, court date set for Q4 2018 OMS  OSV: Focus on

  15. Slide 15: Q&A

    Q&A VX Wa BUMIARMADA BP

  16. Slide 16: Thank You

    Thank You ap ZN V BUMIARMADA 16

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