Vantris Energy Bhd · MYX:VANTNRG
Vantris Energy Bhd — Sapura Energy Berhad — Q4 FY2024 Earnings Presentation
19 slides from Vantris Energy Bhd's earnings presentation, Mar 26, 2024
Slide 1: Q4 FY2024 Investor Relation Pack
Q4 FY2024 Investor Relation Pack Sapura Energy Berhad | 26 March 2024 www.sapuraenergy.com
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements. All statements other than statements of historical facts included in this presentation, including, without limitation, those regarding our financial position, financial estimates, business strategies, prospects, plans and objectives f
Slide 3: Content
3/25/2024 Content 01 Leadership Team 02 Q4 FY24 Financial Performance 03 Business Updates 04 Sapura Energy Reset Updates
Slide 4: Leadership Team
Leadership Team ria
Slide 5: Board
Board Datuk Anuar Stephane Nasri Pandai Puspa CEO CEO CSO CPO Engineering & Operations & Group People Construction Maintenance, Strategy & Culture QHSE Louay Zamri Norzaimah Andy CEO CEO Group CGC Group CFO Drilling Exploration Legal Group & Production & Compliance Finance CEO – Chief Executive Offi
Slide 6: Q4 FY2024 Financial Performance
Q4 FY2024 Financial Performance
Slide 7: Q4 FY24 Key Highlights
Amounts in RM million Key highlights: Q4 Q4 YTD YTD Q3 FY24 FY23 Q4FY24 Q4FY23 FY24 ▪ Sapura Energy Berhad and its subsidiaries ("the Group") reported a net loss of RM728 million in Q4 FY2024. Revenue 1,059 1,217 4,258 4,551 1,104 ▪ The operating conditions for E&C and O&M Operating segment have con
Slide 8: Business Updates
Business Updates
Slide 9: Group Bid Book and Orderbook
Group Bid Book and Orderbook Orderbook replenishment is a challenge, but possible with trusted partnerships Western Hemisphere Eastern Hemisphere RM5.0bn Orderbook insights 4% E&C 35% Division Drilling 61% O&M Amounts in RM billion 34.4 30% 70% 14% RM10.2 bn RM24.2 bn FY25 Total bids Recognition FY2
Slide 10: Keys to Turnaround
Keys to Turnaround ▪ Refine organizational framework to reinforce operational excellence 25 5 1 ▪ Bid right & executing as per plan with contractual Ongoing Completed Commencement mindset projects projects of new projects1 ▪ Enhancing tools & processes ▪ Key offshore activities in Q4 FY24: Chevron R
Slide 11: Sapura PLSV Vessels Brazil Operations
Location/Field worked (Basin) Sapura Esmeralda 6 PLSVs are working in Sapura Onix Brazil for Petrobras in Q4 FY24 Campos Campos Key highlights Brazil Sapura Rubi Sapura Jade ▪ Utilization of all 6 vessels in Q4FY2024 is 97,93%. ▪ 87.0% QHSE perfect days Campos Santos Sapura Diamante Sapura Topazio S
Slide 12: Lifting & Average Production
Production higher in Q4 due to strong demand; reliable and steady offtake at MLNG. Portfolio of strong project pipelines in SK408 and SK310 Production Sharing Contracts: Lifting & Average Production ▪ SK408 Jerun project achieved 11.7 million injury-free manhours by end-Jan 2024. Net Lifting (Mmboe)
Slide 13: Platforms By Age
Platforms By Age 500 Key highlights 400 ▪ Traditionally, decom project 284 infrequent and done as separate 300 317 activities 200 321 ▪ Over 500 platforms above 40 years 73 old in SEA – programmatic approach 100 218 137 to decom required 106 93 0 34 Indonesia Malaysia Thailand Brunei Vietnam ▪ Decom
Slide 14: Joint Venture to offer fully integrated decom
1 Joint Venture to offer fully integrated decom (EPRD) 2 Access to Sapura Energy’s fleet of heavy lift assets x = 3 Leveraging AF’s 20+ years of complex North Sea decom experience 4 273 acres disposal and recycling facility in Lumut, Malaysia
Slide 15: Rig activity Trend
Technical Utilisation Rig activity Trend # of active rigs in the quarter Rigs Client Location (Operational Performance) Available rigs 11 11 11 11 Berani Vestigo Malaysia 99.1% Jaya Chevron Angola 85.7% Off-contract rigs Alliance PCSB Malaysia 96.2% Esperanza PCSB Malaysia 86.9% Active rigs Pelaut P
Slide 16: Turbo-machinery, Hook Up & Commissioning, Geosciences & OSV
Hook Up & Commissioning Geosciences & OSV Technology Services 9 1 6 4 9 12 Ongoing Completed On-going Completed On-going Completed Projects^ Project Projects Project projects Project ▪ SKG MCM: Completed 5 years TMM ▪ Ongoing vessels on-hire : S. Wira (PTTEP), ▪ Completed 2 gas turbines inspection a
Slide 17: Sapura Energy Reset Updates
Ii Sapura Energy Reset Updates Za
Slide 18: Progress-to-date
Cash Legacy New Debt Scheme of Divestment PN17 regularization Ongoing efforts Conservation contract funding restructuring Arrangement plan plan Rescoped 4 of the Secure source for Implementation of Finalize and submit the Address regularization plan to Bursa Reduce cost base legacy contracts new fun
Slide 19: End
End
Sapura Energy Berhad — Q4 FY2024 Earnings Presentation on 6ix