Slide 1: Q2 2016 Briefing
Q2 2016 Briefing 26th August 2016
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. Industry overview and Key Highlights 2. Q2 2016 Financials 3. Outlook 4. Q&A
Slide 4: Industry overview and operational updates
Industry overview and operational updates
Slide 5: Oil Overview – Ongoing Rebalancing
Oil Overview – Ongoing Rebalancing 140 120 100 USD / bbl 80 60 40 20 0 Jan-2012 Sep-2012 May-2013 Jan-2014 Sep-2014 May-2015 Jan-2016 Brent Crude 98 96 94 Mil BOPD 92 90 88 86 84 Total Supply Total Demand Source: IEA
Slide 6: Key Highlights for Q2 2016
Key Highlights for Q2 2016 FPSO Operational fleet maintaining high uptimes averaging above 99%. Safety highlights – 3-yrs LTI-free operations on Armada Sterling, Key focus remains on the four new conversions – progressing well. Sail aways expected Q3/Q4. Armada Claire litigation is on-goin
Slide 7: Project Updates for Q2 2016
Project Updates for Q2 2016 ARMADA LNG MEDITERRANA ARMADA OLOMBENDO ARMADA KRAKEN KARAPAN ARMADA STERLING III
Slide 8: Q2 2016 Financials
Q2 2016 Financials Be BUMIARMADA
Slide 9: Results Overview – Q2 2016 vs. Q1 2016 (in RM’mil)
Results Overview – Q2 2016 vs. Q1 2016 (in RM’mil) Revenue EBITDA Net Profit (1) 430.8 -6.5% 251.5 402.9 -21.0% 198.7 +38.3% 57.1 41.3 Q1 2016 Q2 2016 Q1 2016 Q2 2016 Q1 2016 Q2 2016 Lower revenue due to: Decrease in EBITDA due to: • Lower gross profit margin • Included in the PAT are the following
Slide 10: Results Overview – YTD 2016 vs. YTD 2015 (in RM’mil)
Results Overview – YTD 2016 vs. YTD 2015 (in RM’mil) Revenue EBITDA Net Profit (1) 556.5 1,031.2 -19.2% -19.1% 833.6 450.2 -32.6% 145.8 98.3 YTD 2015 YTD 2016 YTD 2015 YTD 2016 YTD 2015 YTD 2016 Lower revenue due to: Decrease of EBITDA due to: • Included in the PAT are the following • Lower contribu
Slide 11: Revenue composition by segments – Q2 2016 vs. Q1 2016
Revenue composition by segments – Q2 2016 vs. Q1 2016(in RM’mil) Performance in established segments driven by the underlying activities FPSO & FGS OMS (1) -28.1% +15.4% 216.6 247.2 214.2 155.7 Q1 2016 Q2 2016 Q1 2016 Q2 2016 Lower revenue due to: Higher revenue due to: • Lower contribution from Arm
Slide 12: Revenue composition by segments – YTD 2016 vs. YTD 2015
Revenue composition by segments – YTD 2016 vs. YTD 2015 (in RM’mil) Performance in established segments driven by the underlying activities FPSO & FGS OMS 562.2 -33.8% -1.6% 469.0 461.4 372.2 YTD 2015 YTD 2016 YTD 2015 YTD 2016 Lower revenue due to: Lower revenue due to: • Reduced contribution from
Slide 13: Revenue composition by geographical %
Revenue composition by geographical % Malaysia based international company continued expansion across key regions YTD 2015 YTD 2016 6% 11% 5% 9% 19% 27% 56% 67% 8
Slide 14: Order book as at June 2016
Order book as at 30 June 2016 As at 30 June 2016, the Group’s firm order book stood at RM24.5 bil compared to RM24.2 bil as at 31 March 2016. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annual basis with a total potential contract s
Slide 15: Outlook
Outlook N BUMIARMADA
Slide 16: Outlook
Outlook Challenging environment for the oil sector to continue. Focus on sail aways and delivery of the new projects. Transformation from project phase to operational phase. Pursuing business opportunities. 2017 expected to bring the transformation in financial performance with delivery of
Slide 17: Q&A
Q&A BUMIARMADA