Perdana Petroleum Bhd. · MYX:PERDANA
Perdana Petroleum Bhd — Q2 2024 Earnings Presentation
17 slides from Perdana Petroleum Bhd's earnings presentation, Aug 22, 2024
Slide 1: 2Q FY2024 Financial Results: Analysts & Fund Managers Snapshot
2Q FY2024 FINANCIAL RESULTS ANALYSTS & FUND MANAGERS SNAPSHOT 22 August 2024
Slide 2: Disclaimer
DISCLAIMER This presentation is provided on a strictly private and confidential basis and is being supplied to you solely for your information and for discussion purposes only. All information contained in this presentation belongs to Perdana Petroleum Berhad (the “Company” or “PPB”) and may not be
Slide 3: Corporate Structure
Naim Corporate Structure Holdings PERDANA PETROLEUM BHD provides offshore marine services for the upstream oil & gas Bhd industry in the domestic and regional market via our main operating subsidiaries: *24.2% • Intra Oil Services Bhd (Ship Manager and Operator) • Perdana Nautika Sdn Bhd (PETRONAS L
Slide 4: Corporate Milestone
2011 1995 • Changed name to Perdana Incorporated as a 2003 Petroleum Bhd private limited • Transferred to Main 2007-2015 • Acquired balance of 45% in company. Board of KLSE Fleet Renewal Perdana Nautika Sdn Bhd • Acquired Intra Oil Programme by 2015 Services Bhd & acquiring 19 vessels 1997 Becomes a
Slide 5: Our Fleet
We own and operate a well-balanced fleet Our Fleet of vessels comprising a strategic mix of AHTS, workbarges and workboats capable of operating in greenfield and brownfield segments. The vessels conform to the standard requirement of IACS (International Association of Classification Exploration and
Slide 6: Total accommodation space up to 1,838 pax
300 pax Accommodation Workbarge 169 pax Accommodation Workboat Perdana Perdana Perdana Perdana Emerald Endurance Excelsior Liberty Perdana Perdana Perdana Protector Resolute Sovereign Total accommodation space up to 1,838 pax 6
Slide 7: Anchor Handling Tug Supply
Anchor Handling Tug Supply Perdana Perdana Perdana Perdana Marathon Expedition Horizon Voyager DP2 12240 BHP DP2 10880 BHP DP2 10880 BHP DP2 10880 BHP Perdana Perdana Perdana Perdana Adventurer Traveller Frontier Ranger DP2 10800 BHP DP2 10800 BHP DP1 5220 BHP DP1 5220 BHP 7
Slide 8: Awards & Accolades
Awards & Recognition through awards and accolades holds profound importance in the oil & gas sector’s offshore support vessel services, with a particular emphasis on Health, Safety and Environment (“HSE”) achievements. These awards serve as a meaningful reflection of PPB’s endeavours of adhering to
Slide 9: PETRONAS Activity Outlook 2024
PETRONAS ACTIVITY OUTLOOK 2024 Fitch Ratings in a report in December 2024 forecasted PETRONAS’ annual capex to rise to around RM55bil to RM60bil over 2024 to 2026 (2022: RM37.8bil). The national oil company’s 2024-26 activity outlook report stated it will carry out an average of about 300 facilities
Slide 10: OSV Market Outlook 2024
OSV MARKET OUTLOOK 2024 • OSV market have been reinvigorated currently at a higher rates and higher utilisation levels after some seven years of oversupply, however newbuilds are still not yet in the cards. The high cost of construction, high price of financing and high uncertainty around new fuels,
Slide 11: Latest 5 Years Key Financial Ratios
Latest 5 Years Key Financial Ratios < --------------------- Audited -------------------- > Unaudited Financial Year 2020 2021 2022 2023 YTD 2024 Revenue (RM'm) 208 154 197 314 224 EBITDA (RM'm) 38 (196) 81 125 91 PAT (RM'm) (66) (328) 11 44 41 EBITDA Margin % 19% -128% 41% 40% 41% PAT Margin % -32%
Slide 12: Financial Performance of Second Quarter – Key Financial Highlights
FINANCIAL PERFORMANCE OF SECOND QUARTER – Key Financial Highlights % 2024 2023 % Changed • The higher revenue in 2nd quarter of 2024 was attributed to UTILISATION higher vessel utilization at 89% against 69% QoQ. The shortage Q2 89% 69% 29 of offshore support vessels for offshore production and oper
Slide 13: Financial Overview for the Financial Year Ended Dec 2024
FINANCIAL OVERVIEW FOR THE FINANCIAL YEAR ENDED 31 DEC 2024 FINANCIAL PERFORMANCE CAPITAL STRUCTURE (RM’mil) (RM’mil) YTD RM’mil 2021 2022 2023 YTD 2024 2021 2022 2023 2024 Total Asset 823 823 919 965 400 75% 80% 58% Total Equity 585 548 666 734 300 70% 59% Total Debts* 256 203 154 140 200 49% 60% 3
Slide 14: Fleet's Performance – Utilisation & Tender Book
FLEET’S PERFORMANCE – UTILISATION & TENDER BOOK Lower fleet utilization on the back of tail-ending monsoon period. QoQ & YoY Fleet Utilisation Tender OngoingBook Key Tenders Rate (%) AHTS AWB WB Quarter Tender Vessel Type - Proposed Estimated 100% Provided By Unit Duration Commencement 89% 90% 58% ?
Slide 15: Way Forward 2024
WAY FORWARD 2024 Operational Excellence, Cost Optimisation, Balance Portfolio and Maximise Utilisation Rates • To take advantage of the improved charter rates in the current market and remains committed to continue, improve and expand from FY2023. • To manage operations prudently to adapt to the rap
Slide 16: Key Takeaways
Key Takeaways • Recorded a Profit After Tax of RM34.7m in Quarter 2 and year-to-date of RM40.8m • Strong Balance Sheet : healthy gearing • Strong Order Book : approximately RM473m up to 2026 • Sustained growth : niche market player cater for green and brownfield • Focus on core business : AHTS and A
Slide 17: Perdana Petroleum Berhad contact details
Perdana Petroleum Berhad (199501042909) Intra Oil Services Berhad (198001007912) Perdana Nautika Sdn Bhd (201001038637) Level 18, Block 2, VSQ @ PJCC, Jalan Utara Follow Us 46200 Petaling Jaya, Selangor Darul Ehsan, Malaysia t: +603.7931.8524 / 8424 / 8324 f: +603.7931.8624 e: ppb.corporate@perdana.
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