Deleum Bhd. · MYX:DELEUM
Deleum Bhd — Shareholder Meeting (June 2021)
21 slides from Deleum Bhd's shareholder meeting presentation, Jun 23, 2021
Slide 1: 16th Annual General Meeting
16th ANNUAL GENERAL MEETING 23rd June 2021, Wednesday
Slide 2: Financial Highlights
FINANCIAL HIGHLIGHTS • FY2020 recorded total revenue of RM592.10 million (FY2019’s RM868.30 million). The 31.8% decline was due to slower overall business activities. • Reported RM7.43 million in profit after tax and non-controlling interest (PATANCI) in FY2020 (FY2019: RM33.15 million). The 77.6% d
Slide 3: Content
CONTENT About Deleum Corporate Updates Financial Highlights Looking Ahead Governance And Internal Control
Slide 4: Corporate Statement
CORPORATE STATEMENT MISSION To Provide Sustainable Growth and Enhance Stakeholders’ Value VISION To be the Market Leader in our Operating Segments domestically and to expand geographical presence in selected areas CORE VALUES INTEGRITY Respect, Honesty, Ethics PROFESSIONALISM Accountability, Compete
Slide 5: About Deleum
ABOUT DELEUM Overview Our Business Our Competencies • Established in 1982 • Evolved from a Product Oriented • Recorded 443,907 Free Lost business to an Integrated Time Injury (LTI) Man-hours as • Listed on the Main Market of Solutions provider. of 31 May 2021 (since 31 March Bursa Malaysia in 2007 2
Slide 6: Core Businesses
CORE BUSINESSES POWER AND OILFIELD INTEGRATED CORROSION MACHINERY SERVICES SOLUTION • Provision of gas turbine • Slickline and Well Services • Provision of low dust, packages, aftersales support and (SWS). environmentally friendly blasting services. • Asset Integrated Solutions technology for surfac
Slide 7: Financial Highlights
GFVVJ M2 FINANCIAL HIGHLIGHTS
Slide 8: Deleum Group FY2020 Performance
DELEUM GROUP FY2020 PERFORMANCE REVENUE PBT EBITDA PATANCI RM 592.1 RM 27.3 RM 64.9 RM 7.4 Million Million Million Million FY 2019: RM 868.3 Million FY 2019: RM 55.1 Million FY 2019: RM 90.0 Million FY 2019: RM 33.1 Million (31.8%) (50.4%) (27.8%) (77.6%) FY2020’s result included one-off assets impa
Slide 9: Dividend Policy & History
DIVIDEND POLICY & HISTORY 10-YEAR DIVIDEND HISTORY (FY2011 – FY2020) 40.0 30.0 30.0 25.5 FY2020 DIVIDEND per share 22.5 22.0 30.0 1.0 sen 20.0 17.7 17.0 Dividend Payout ratio of 20.0 14.0 14.0 14.0 17.0 54.1% 15.0 14.0 of earnings attributable 10.0 to equity holders of the 11.0 10.0 10.0 Company for
Slide 10: Committed to Deliver Value to Our Shareholders
COMMITED TO DELIVER VALUE TO OUR SHAREHOLDERS SHAREHOLDERS’ EQUITY (RM MILLION) RETURN ON EQUITY 2.1% 9.5% FY 2020 FY 2019 (77.9%) SHAREHOLDERS EQUITY RM 349.0 Million RM 350.0 Million FY 2020 FY 2019 (0.29%) | 16th ANNUAL GENERAL MEETING 10
Slide 11: Current Order Book Will Provide Earnings Visibility to 2023
CURRENT ORDER BOOK WILL PROVIDE EARNINGS VISIBILITY TO 2023 2021 2022 2022 RM • Provision of Riser • Provision of Well • Long Term 913.48 Corrosion Control Services Service Million Prevention System • Provision of Rock/ Agreement for & Maintenance TOTAL PDC Bits/ Hole Gas Turbine ORDER BOOK • Provis
Slide 12: Looking Ahead
LOOKING AHEAD
Slide 13: Positive Signs for the O&G Industry
POSITIVE SIGNS FOR THE O&G INDUSTRY Amidst a challenging operating environment, Deleum remains hopeful that the O&G industry will improve. | 16th ANNUAL GENERAL MEETING 13
Slide 14: New Normal with Oil Prices?
NEW NORMAL WITH OIL PRICES? Following the global vaccine roll-out programme, the oil and gas industry is expected to improve, but prospects of recovery are subject to the possible resurgence of COVID-19 and notwithstanding the fact that the industry has not fully recovered from the 2014 oil price cr
Slide 15: Cost and Cash Management
COST AND CASH MANAGEMENT OUR EMPHASIS 1 2 3 4 Undertake close Undertake close monitoring of our Implement the Maximise our monitoring and working capital Four-Phase productivity and review of and cash flows to Framework improve our our operational meet scheduled efficiencies expenses. commitments. |
Slide 16: Governance and Internal Control
GFVVJ M2 GOVERNANCE AND INTERNAL CONTROL
Slide 17: Strengthening the Established Governance Structure
STRENGTHENING THE ESTABLISHED GOVERNANCE STRUCTURE Designated Compliance Briefing Sessions Communication Officer • Virtual briefing by BDO • Informed all staff groupwide • Appointment of Designated on ABC Policy to Board, on litigation case Compliance Officers from Senior Management and • Further em
Slide 18: Governance – Action Taken (Deleum Group)
GOVERNANCE – ACTION TAKEN (Deleum Group) Review of Policies / Procedure /Management System (MS) in relations to ABC Anti-Bribery Whistleblowing Policy Finance Management System and Investigation • Accounts Receivable • Anti-Bribery and Corruption Procedure. Procedure • Accounts Payable (ABC) Policy
Slide 19: Deleum Primera – Action and Updates
DELEUM PRIMERA – ACTION AND UPDATES Centralisation of the Interim Management Team Revamp of Operations Corporate Resources • Deleum Group personnel to • Appointment of Chief • Finance assist as the interim Operating Officer • Procurement Management. • Appointment of Project • HR • New Heads of Depar
Slide 20: Deleum Primera – Action and Updates (Cont.)
DELEUM PRIMERA – ACTION AND UPDATES (CONT.) Review of Review of Internal Processes Human Resource Communications • Changes/modification - • Evaluation of current team Internal internal ERP process members within Deleum • Separate notification to EXACT on verification and Primera and identify Managem
Slide 21: Disclaimer
DISCLAIMER • The content of this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. We take no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any in