Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q1 2022 Earnings Presentation
9 slides from Westports Holdings Bhd's earnings presentation, Apr 26, 2022
Slide 1: Westports Holdings Berhad 1st Quarter 2022 Financial Report
Westports Holdings Berhad 1st Quarter 2022 Financial Report 26th April 2022
Slide 2: Revenue
Revenue 2 ▪ 1Q22 Container revenue +5% despite throughput -10% mainly due to higher VAS and incremental increase in revenue per TEU. Conventional revenue increased with higher break-project cargo and RORO units – the latter helped by Sales Tax Exemption ▪ Marine revenue reflected lesser container sh
Slide 3: Cost
Cost 3 ▪ 1Q22 Fuel cost up with higher MOPS price despite lower fuel consumption. Higher electricity cost due to ICPT and reefer containers ▪ Manpower cost reflected revised minimum wage of RM1,500 from Jan22, annual increments and higher headcount. The depreciation charges increased with capitalisa
Slide 4: Overall Results & Profitability Margins
Overall Results & Profitability Margins 4 1Q22 1Q21 %Chg 4Q21 % QoQ YTDDec21 YTDDec20 %Chg On 1Q21 Performance Gateway +0%. Transhipment -16%. Container m TEUs 2.39 2.66 -10% 2.47 -3% 10.40 10.50 -1% Yard congestion eased, productivity improved QoQ. Liquid bulk decline offset all break bulk volume g
Slide 5: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 5 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 1Q22 1Q21 YTDDec21 YTDDec20 • 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 6: Container Terminal Expansion
Container Terminal Expansion 6 Expansion check-list ▪ Approval-in-Principle ▪ Purchase of PKNS land ▪ 8 detailed technical studies ▪ Finalised port layout design ▪ S&P to acquire Marina Land@ ▪ Initial and detailed EIA reports ▪ Concession terms with PKA ▪ EIA approval on detailed study ▪ Approved l
Slide 7: Throughput Volume
Throughput Volume 7 ▪ 1Q22 experienced a relatively larger rate of decline due to 1Q21 being the strongest quarter in 2021, pervasive ongoing supply chain challenges with closures of some ports in the Far East, and service changes as container liners work around various disruption issues ▪ At Conven
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2022 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 2nd Interim Div 9.28 sen 2H 2021 15 Feb 2022 24 Feb 2022 1st Interim Div 8.50 sen 1H 2021 17 Aug 2021 26 Aug 2021 2nd Interim Div 6.47 sen 2H 2020 18 Feb 2021 01 Mar 2021
Slide 9: Thank You
Thank You Westports Holdings Berhad http://www.westportsholdings.com/ Annual Report 2021 https://www.westportsholdings.com/wp-content/uploads/files/Westports_Hldgs_Bhd_Annual_Report_2021.pdf Sustainability Report 2021 https://www.westportsholdings.com/wp-content/uploads/files/WestportsHldgsSustainab
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