Perdana Petroleum Bhd. · MYX:PERDANA
Perdana Petroleum Bhd — Q1 2025 Earnings Presentation
21 slides from Perdana Petroleum Bhd's earnings presentation, May 22, 2025
Slide 1: Q1 2025 Analyst Briefing
Perdana Petroleum Berhad (199501042909 (372113-A)) perdana etroleum Q@1 2025 ANALYST BRIEFING 22 May 2025
Slide 2: Disclaimer
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) 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 i
Slide 3: Perdana Petroleum Bhd company structure and market capitalisation
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) PERDANA PETROLEUM BHD provides offshore marine services for the upstream oil & Naim Holdings gas industry in the domestic and regional market via our main operating subsidiaries: Bhd • Intra Oil Services
Slide 4: Company history and milestones
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) 2003 2007-2015 • Transferred to Main Fleet Renewal 1988 Board of KLSE Programme by Incorporated as a • Acquired Intra Oil acquiring 19 private limited Services Bhd & owned vessels & 2011 company 12 vessel
Slide 5: Well-balanced fleet of AHTS, workbarges and workboats
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) We own and operate a well-balanced 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 stan
Slide 6: Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A))
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A))
Slide 7: AHTS fleet vessels
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) 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 B
Slide 8: Accommodation workbarges and total accommodation space
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) Perdana Perdana Perdana Emerald Endurance Excelsior Perdana Protector Perdana Resolute Total Accommodation Space Perdana Sovereign
Slide 9: Recent business awards and safety record
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) Recent Business Awards 10 Years Partner Lost Time Injuries FY2024 2024 Performance Excellence Recognition Hibiscus 2023 HSE Excellent Appreciation ROC Oil 2022 Outstanding and Excellent HSE SEA Hibiscus 2
Slide 10: Oil price outlook
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) • Despite recent oil price volatility, the U.S. Energy Information Administration’s (EIA) April Short-Term 150.0 Outlook projects Brent crude prices to remain healthy - 122.7 averaging USD 68 per barrel i
Slide 11: Strong AHTS demand outlook
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) 166 Strong AHTS demand outlook 151 3 Malaysia is projected to require 20 AHTS vessels 20 144 10 10 annually over the next 3 years. 17 120 35 13 118 118 118 5 5 5 30 3 28 14 12 12 12 Regional OSV demand di
Slide 12: Stable offshore demand ahead
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) Stable offshore demand ahead 2026 –2027 is expected to see steady demand for vessels supporting drilling and offshore projects. Core vessel types 2501 AHTS vessels and Workboats/Workbarges 10 234 1 2202 2
Slide 13: New contracts awarded
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) New contracts awarded Key contracts given to OGSE players boost the local oil and gas sector. RM30 billion investment PETRONAS plans major spending over the next five years. More work for support services
Slide 14: OSV market tightness in Southeast Asia
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) OSV market tightness in Southeast Asia Riviera Maritime (March 2025) reports rising day rates and vessel utilisation due to tightening OSV supply in the region. Malaysian market dynamics PETRONAS is drivi
Slide 15: Q1 2025 financial results
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) % 2025 2024 % Changed UTILISATION Q1 31% 62% (50) YTD 31% 62% (50) • Lower revenue in the current quarter is mainly RM'000 2025 2024 % Changed attributable to lower utilisation rates of 31% as REVENUE com
Slide 16: Healthy financial position
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) • Healthy Financial Position features strong cash and bank balances of RM161 million, while low levels of loans and borrowings of RM101 million have led to an all-time low Group gearing ratio of 0.1x. * I
Slide 17: Remaining order book as at April 2025
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) Remaining Order Book as at April 2025 Notable Tender Vessel Type – Unit Proposed Duration Oil Major 3 units Workbarge 4 - 8 months Long Term Contracts 3 AHTS (3 years + 3 years) Oil Major 4 units AHTS 8 -
Slide 18: Average overall vessel age
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) Average overall vessel age Perdana’s fleet averages 14 years old. AHTS vessels aging AHTS fleet is nearly 16 years old, oldest among peers. PETRONAS age limits Max 20 years for most vessels; 25 years for
Slide 19: Tariff pressure and oil price volatility risks
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) Tariff Pressure on Global Trade ▪ Impact: Ongoing U.S. tariffs on goods and materials create supply chain uncertainty. ▪ Action Plan: Review and renegotiate supply chain contracts, explore alternative sup
Slide 20: Investment highlights
Q1 FY2025 Analyst Briefing Deck. 22 May 2025 Perdana Petroleum Berhad (199501042909 (372113-A)) Healthy Balance Sheet Gearing level at 0.1x Strong Financial Performance FY2024 Profit After Taxation (PAT) of RM146 million, more than three times higher than FY2023 PAT Solid Order Book And Focus On Cor
Slide 21: Perdana Petroleum Berhad (199501042909 (372113-A))
Perdana Petroleum Berhad (199501042909 (372113-A))
Perdana Petroleum Berhad — Q1 2025 Earnings Presentation on 6ix