Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q3 2017 Earnings Presentation
16 slides from Bumi Armada Bhd's earnings presentation, Nov 23, 2017
Slide 1: Bumi Armada Q3 2017 Analyst Briefing
BUMI ARMADA Q3 2017 ANALYST BRIEFING 23rd November 2017
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
Slide 3: Agenda
Agenda 1. Operational & Project Updates 2. Q3 2017 Financials 3. Outlook 4. Q&A 3
Slide 4: Operational & Project Updates
Operational & Project Updates 4
Slide 5: FPSO Updates
FPSO Updates ▪ 99% uptime on the operating FPSOs. ▪ Project Updates: 1. Armada Olombendo – Stably producing near name-plate capacity 2. Karapan Armada Sterling III – First condensate offload in October. Completed worlds first molten sulphur offload in November. 3. Armada Kraken – Third offload just
Slide 6: OMS Updates
OMS Updates OSV ▪ Vessel utilisation up marginally to 53% in Q3 2017, compared to 52% in Q2 2017. Subsea Construction ▪ Lukoil 2017 scope nearly completed. 22in Pipeline Spool Installation Backfilling operations using DOP Pump at LSP2 Platform for Lukoil Project Preparation by Vessel Constructor 6
Slide 7: Q3 2017 Financials
Q3 2017 Financials VX Wa BUMIARMADA 3
Slide 8: Key takeaways
Key takeaways ▪ Revenue in Q3 2017 decreased by 7.6% to RM641.4 million compared to Q2 2017. ▪ Q3 2017 versus Q2 2017 ▪ FPO revenue increased by 19.3 to RM402.7 million ▪ OMS revenue decreased by 33.1% to RM238.7 million ▪ EBITDA(1) increased by 9.0% to RM466.9 million ▪ Net profit (2) increased by
Slide 9: Results Overview – Q3 2017 vs. Q2 2017 (in RM'mil)
Results Overview – Q3 2017 vs. Q2 2017 (in RM’mil) Revenue EBITDA Net Profit (1) 694.4 466.9 9% 123.7 -8% 641.4 116.6 428.2 356.8 238.7 6% 402.7 337.6 Q2 2017 Q3 2017 Q2 2017 Q3 2017 Q2 2017 Q3 2017 FPO OMS (1) Attributable to Owners of the Company 9
Slide 10: Results Overview – YTD 2017 vs. YTD 2016 (in RM'mil)
Results Overview – YTD 2017 vs. YTD 2016 (in RM’mil) Revenue EBITDA Net Profit (1) 296.1 1,143.4 1,739.9 >100% 1,211.1 44% 759. 9 >100% 541.2 722. 9 980. 488. 0 6.0 2 YTD 2016 YTD 2017 YTD 2016 YTD 2017 YTD 2016 YTD 2017 FPO OMS (1) Attributable to Owners of the Company Note: The profit in YTD 2016
Slide 11: Revenue composition by geographical %
Revenue composition by geographical % Malaysia based international company continued expansion across key regions 11
Slide 12: Order book as at 30 Sept 2017
Order book as at 30 Sept 2017 As at 30 Sept 2017, the Group’s firm order book stood at RM22.7 bil compared to RM23.7 bil as at 30 June 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 RM
Slide 13: Outlook
Outlook 17 BUMIARMADA 7
Slide 14: Bumi Armada Outlook
Bumi Armada Outlook ▪ Business ▪ Consolidation of the Company ▪ Financial consolidation ▪ Growth 14
Slide 15: Q&A
Q&A VX Wa BUMIARMADA BP
Slide 16: Thank You
Thank You ap ZN V BUMIARMADA 16