Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q4 2019 Earnings Presentation
11 slides from Westports Holdings Bhd's earnings presentation, Feb 7, 2020
Slide 1: Westports Holdings Berhad 4th Quarter 2019 Financial Report
Westports Holdings Berhad 4th Quarter 2019 Financial Report 7th February 2020
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 ▪ 4Q19 Container revenue reflected transhipment and gateway volume increase ▪ YTDDec19 Conventional revenue reflected lower volume across all the different commodity types. Marine revenue with more vessel calls and bigger ships. Lower rental revenue due to MFRS 16 adjustment Segmental Reve
Slide 4: Cost
Cost 4 ▪ 4Q19 Higher TOE maintenance costs, more kWh of electricity used, greater manpower incentives are all due to record container TEUs ▪ YTDDec19 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 4Q19 4Q18 %Chg 3Q19 % QoQ YTDDec19 YTDDec18 %Chg On YTD Performance Transhipment +16% while gateway Container m TEUs 2.82 2.58 9% 2.77 2% 10.86 9.52 14% +10%. Export and import both grew +10%. Overall laden box increased to 78%. Lower cargoes throughput Conv
Slide 6: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 6 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 4Q19 4Q18 YTDDec19 YTDDec18 • 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: Westports Expansion
Westports Expansion 7 Proposed acquisition ▪ Westports has entered into a conditional S&P Agreement with Pembinaan Redzai Sdn Bhd (PRSB) to acquire Marina Land for a total cash consideration of RM393,958,900 Key details of the land ▪ The size of 146.4 hectares or 361.762 acres ▪ Tenure of 99 years.
Slide 8: Westports Expansion
Westports Expansion 8 Key conditions precedent ▪ Approval by shareholders of Westports in an EGM ▪ Conversion of the category of land use ▪ Ministry of Economic Affairs’ approval or confirmation ▪ The signing of a concession agreement with Government of Malaysia for the expansion of container termin
Slide 9: Throughput Volume
Throughput Volume 9 ▪ 4Q19 Gateway momentum picked up. Record quarterly volume. Record monthly volume in Dec19 with earlier Lunar New Year in 2020 ▪ YTDDec19 Intra-Asia underpinned overall growth whereas Asia-Europe’s strong momentum continued since 3Q18. Asia-America is adversely affected by servic
Slide 10: Dividend & Outlook
Dividend & Outlook 10 Dividend Distribution Track Record Outlook 2020 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 2nd Interim Div 6.26 sen 2H 2019 20 Feb 2020 03 Mar 2020 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
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
Westports Holdings Berhad — Q4 2019 Earnings Presentation on 6ix