Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q4 2020 Earnings Presentation
14 slides from Bumi Armada Bhd's earnings presentation, February 2021
Slide 1: Q4 and FY 2020 Financial Results
Bumi Armada Berhad Q4 and FY 2020 Financial Results 1
Slide 2: Safety
Bumi Armada Q4 2020 Safety Zero Lost-Time Injuries (“LTI”) as of Q4 2020 across the Group. Key Safety Milestone Achievements: • Armada TGT1 – 9 years LTI free • Armada Sterling – 7 years LTI free • Armada Sterling II – 5 years LTI free • Armada Kraken – 2 years LTI free • Armada Olombendo, Karapan A
Slide 3: FPO Performance
Bumi Armada Q4 2020 FPO Performance Revenue (RM) Segment Results (RM) Avg Uptime Q1 2020 Q2 2020 Q3 2020 Q4 2020 Owned Units (4) 98% 98% 99% 99% 532.0 mil 310.8 mil JV Units (3) 96% 99% 100% 98% • Solid Q4 performance with challenges of COVID-19 being managed. • Kraken achieved 2 years LTI free oper
Slide 4: OMS Performance
Bumi Armada Q4 2020 OMS Performance Revenue (RM) Segment Results (RM) Utilisation Q1 2020 Q2 2020 Q3 2020 Q4 2020 OSV Fleet 56% 55% 56% 49% 84.0 mil 25.6 mil • HSE and Operational Excellence Awards and Recognitions received from SHELL, ExxonMobil, and PETRONAS. • Lower OMS revenue due to lower OSV u
Slide 5: Financial Performance
Financial Performance iN va BUMIARMADA BP
Slide 6: Key Takeaways
Key Takeaways • For FY 2020, net profit(1) improved to RM125.6 million, from RM58.6 million in FY 2019 boosted by higher vessel availability from Armada Kraken. • Revenue in Q4 2020 increased by 9.1% to RM616.0 million compared to Q3 2020. • Q4 2020 versus Q3 2020 ➢ FPO revenue increased by 13.1% to
Slide 7: Financial Performance Over Time
Financial Performance Over Time (All amounts shown are in RM’ mil) Revenue Operating profit before impairment (2) FPO OMS 85.6 84.0 90.5 93.9 92.0 74.0 66.0 96.1 248.6 241.9 246.6 532.0 222.1 214.6 521.2 201.3 443.6 453.9 462.1 470.5 167.0 425.6 419.5 150.5 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2
Slide 8: Results Overview – Q4 2020 vs. Q3 2020
Results Overview – Q4 2020 vs. Q3 2020 (RM’m) Revenue Segment results FPO OMS FPO OMS 616.0 564.4 336.4 84.0 + 9% 93.9 25.6 + 16% 289.9 470.5 532.0 4.8 310.8 285.1 Q3 2020 Q4 2020 Q3 2020 Q4 2020 FPO : • Revenue and segment results increased mainly due to higher vessel availability for Armada Kraken
Slide 9: Results Overview – Q4 2020 vs. Q3 2020
Results Overview – Q4 2020 vs. Q3 2020 (RM’m) Operating profit Net profit (1) before impairment (2) before impairment (2) + 68% - 3% 222.1 214.6 170.9 101.8 Q3 2020 Q4 2020 Q3 2020 Q4 2020 • Decreased operating profit before impairment mainly due to lower other operating income and higher operating
Slide 10: Order Book as at 31 December 2020
Order Book as at 31 December 2020 As at 31 December 2020, the Group’s firm order book stood at RM16.0 billion. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on an annual basis with a total potential value of RM9.7 billion over the entire
Slide 11: Outlook
Outlook 11 iN va BUMIARMADA BP
Slide 12: Outlook
Outlook Broad recovery of the global economy is expected in 2021, tempered by on-going impact of the COVID-19 pandemic. The Group expects the FPO business to be relatively stable in 2021, while the OMS business is anticipated to remain subdued. The focus will remain on: ▪ Safety ▪ Minimize the impac
Slide 13: Forward Looking Disclaimer
Forward Looking 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
Slide 14: Q&A
Q&A 14 iN va BUMIARMADA BP