Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q1 2019 Earnings Presentation
10 slides from Westports Holdings Bhd's earnings presentation, Apr 26, 2019
Slide 1: Westports Holdings Berhad 1st Quarter 2019 Financial Report
Westports Holdings Berhad 1st Quarter 2019 Financial Report 26th April 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: Throughput Volume
Throughput Volume 3 ▪ 1Q19 Transhipment growth recovery also helped by a relatively lower base in 1Q18. Gateway growth from stronger exports volume ▪ Intra-Asia underpinned total container growth with 64% split. Asia-Europe has improved since 3Q18. Lower conventional with lesser cement and liquid bu
Slide 4: Revenue
Revenue 4 ▪ 1Q19 Container revenue increased with higher transhipment and gateway volume. Only 1 month impact from container tariff revision ▪ Conventional revenue reflected lower break bulk and cement volume. Marine revenue increased with vessel calls and also more bigger ships. Rental revenue decr
Slide 5: Cost
Cost 5 ▪ 1Q19 Container reflected higher maintenance & repair costs as TOE handled increased throughput, electricity reflected the latter also ▪ Fuel +3% with reduced fuel intensity and lower MOPS price. Manpower cost with basic salaries and allowances with higher headcount. Minimal depreciation cha
Slide 6: Overall Results & Profitability Margins
Overall Results & Profitability Margins 6 1Q19 1Q18 %Chg 4Q18 % QoQ 2018 2017 %Chg On 1Q19 Performance Transhipment +15% while gateway Container m TEUs 2.53 2.25 12% 2.58 -2% 9.52 9.02 6% +7%. Import +6% whereas stronger export of +9%. Laden gateway box ratio up, from 80% to 82%. Lesser Conventional
Slide 7: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 7 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 1Q19 1Q18 2018 2017 • 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 Capital
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2019 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 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 2nd Interim Div 7.95 sen 2H 2017 21 Feb 2018 06 Mar 2018
Slide 9: Assessment Of Impact From Climate Change – Sea Level Rise By 2100
Assessment Of Impact From Climate Change – Sea Level Rise By 2100 Appendix Current Container Terminal Facilities And Future Expansion Empty Stacking Berthing Area Container Wharf Access Bridge Yard Road Container Stacking Area + 7.23 m Cd 6.10 m Cd HAT 5.27 m Cd MHWS 3.21 m Cd MSL 1.15 m Cd MLWS 0.0
Slide 10: 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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