Maybulk Bhd · MYX:MAYBULK
Maybulk Bhd — Shareholder Meeting (June 2025)
19 slides from Maybulk Bhd's shareholder meeting presentation, Jun 5, 2025
Slide 1: MAYBULK BERHAD 36th Annual General Meeting
MAYBULK BERHAD Registration No. 198801008597 (175953-W) Incorporated in Malaysia 36th Annual General Meeting 5 June 2025 1
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securiti
Slide 3: Key Financial Highlights FY2024
Key Financial Highlights FY2024 3 CONFIDENTIAL
Slide 4: Key Financial Highlights FY2024 - Cont'd
Key Financial Highlights FY2024 - Cont’d 4 CONFIDENTIAL
Slide 5: FY2024 – Quarterly Results (As Reported)
FY2024 – Quarterly Results (As Reported) 6.00 11.01 4.00 2.83 2.00 (2.39) Million - (2.00) (2.47) (4.00) (6.00) (3.32) (8.00) Q2 as reported Q4 as reported Q1 as reported Q3 as reported FY2024 Total 5 CONFIDENTIAL
Slide 6: Behind the Quarterly Results
Behind the Quarterly Results Q3 – Profit 11.010 Q4 – Loss (2.392) 4.67 5.00 Q1 – Loss (2.469) 3.95 2.83 13.82 Million- Q2 – Loss (3.318) 2.79 (6.35) (3.57) (1.46) (5.00) 1.58 (1.69) (3.43) (10.00) (7.48) (15.00) 6 CONFIDENTIAL
Slide 7: Behind the Annual Results
Behind the Annual Results 18.00 3.91 16.00 14.00 12.99 12.00 10.00 (7.48) 8.00 6.00 (3.43) 4.00 2.83 2.00 (3.15) Million - Unrealised forex gains Drydock expenses FY2024 Total Normal operations Forex reclassification Loan documentation 7 CONFIDENTIAL
Slide 8: FY2024 Annual Revenue
FY2024 Annual Revenue FY2024 Revenue - FY2023 Vs FY2024 140 128.21 40% 120 60% 100 94.51 (33.46) (0.24) 80 FY2023 60 44% 40 56% 20 Million Revenue - FY2023 Shipping revenue ∆ Shelving revenue ∆ Revenue - FY2024 Shipping Shelving 8 CONFIDENTIAL
Slide 9: FY2024 Vs FY2023 – Decline in Shipping Revenue
FY2024 Vs FY2023 – Decline in Shipping Revenue Factors Contributing To Decline In Shipping Revenue 80.00 71.4 Shipping Revenue 70.00 decline mainly due to 60.00 lower number of hired days following the 50.00 disposal of Alam Kekal 40.00 5.2 0.7 37.9 in October 2023. 30.00 (39.4) This is offset sligh
Slide 10: FY2024 Vs FY2023 – Decline in Profit
FY2024 Vs FY2023 – Decline in Profit Changes In Results - Major Contributing Factors 60.00 49.65 50.00 40.00 30.00 (25.34) 6.91 20.00 (3.43) (9.94) 10.00 (7.32) (3.64) 2.71 2.83 (3.15) 3.88 Million - (7.48) (10.00) 10 CONFIDENTIAL
Slide 11: Decline in Profit – Key Contributing Factors
Decline in Profit – Key Contributing Factors In FY2023, a one-off gain on disposal of Alam Kekal of RM25.3 million was recorded. Forex reserve gain of RM9.9 million was reclassified as gain on liquidation of subsidiary was made in FY2023. A similar adjustment for forex reserve loss of RM7.5 million
Slide 12: Consolidated Financial Position @31/12/2024
Consolidated Financial Position @31/12/2024 Financial Captions With FY2024 FY2023 Change Increase in PPE and Borrowings Major Changes (RM’Million） is attributable mainly to the Total Assets 655.8 536.9 118.9 acquisition of land in Kapar for RM165 million, funded by term • Property, plant & 296.3 1
Slide 13: Consolidated Financial Position @31/12/2024 – cont'd
Consolidated Financial Position @31/12/2024 – cont’d Financial Captions FY2023 FY2023 Change Reduction in retained earnings is (RM’Million） due to profit for the year offset by dividend payment in FY2024. Equity 507.5 522.3 ↓ 14.8 Treasury shares represent share • Share capital 63.8 63.8 - buyback t
Slide 14: Dividends
Dividends In FY2024, Maybulk paid a single-tier dividend of 1.6 sen per share declared in FY2024, totalling RM15.3 million on 18 December 2024. 14 CONFIDENTIAL
Slide 15: Share Buy Back
Share Buy Back On 26 June 2024, shareholders of Maybulk approved: 1. Mandate for the Company to purchase its own shares for an aggregate amount of up to 10% of its issued share capital 2. Exempt Dato’ Goh Cheng Huat, a Director and Major Shareholder of the Company and his person(s)-acting-in-concert
Slide 16: Share Buy Back – Cont'd
Share Buy Back – Cont’d No. of shares Consideration '000 RM'000 Total share purchased and retained as 54,830 17,710 Treasury Shares as at 31 December 2024 Shares purchase after balance sheet date 45,170 15,007 Incidental cost 43 Treasury shares @ 100,000 32,760 Average share price purchased 0.327 Lo
Slide 17: Outlook for FY2025
Outlook for FY2025 Shipping Operations With only 1 vessel left, the revenue and profit is expected to be stable, barring adverse fluctuations in exchange rates. Shelving and Storage Solutions The Group anticipate demand for industrial shelving and storage solution to remain strong. However export sa
Slide 18: ESG: Stakeholders' Engagement
ESG: Stakeholders’ Engagement The Group values the shareholders’ contributions on matters relating to ESG. Please scan the QR Code below and give us your feedback on matters you felt we should focus on in the coming financial years. 18 CONFIDENTIAL
Slide 19: End of Presentation
MAYBULK BERHAD Registration No. 198801008597 (175953-W) Incorporated in Malaysia 36th Annual General Meeting 5 June 2025 END OF PRESENTATION ESG Survey