Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q1 2025 Earnings Presentation
23 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, May 27, 2025
Slide 1: Quarterly Investor Relations Updates Q1 2025 Financial Results
Quarterly Investor Relations Updates Q1 2025 Financial Results 27 May 2025
Slide 2: Disclaimer
[Open] Disclaimer This Presentation is not intended to form the basis of any investment decision with respect to Malaysia Marine and Heavy Engineering Holdings Berhad (MHB). Neither this presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, any con
Slide 3: Agenda
AGENDA 1 Market Environment 2 Business Highlights 3 Ongoing Projects 4 Financials 5 Environmental, Social and Governance 6 Strategic Focus
Slide 4: Market Environment
Market Environment | Q1 2025 Financial Results
Slide 5: Navigating Uncertainty and Adapting to Evolving Global Dynamics
Navigating Uncertainty and Adapting to Evolving Global Dynamics 1 2 Shifting Macroeconomic Conditions Geopolitical Tensions Investment sentiment remains cautious, with oil Ongoing trade wars and potential tariff escalations price volatility adding to market uncertainty are reshaping global trade dyn
Slide 6: Pursuing Growth While Navigating a Shifting Landscape
Pursuing Growth While Navigating a Shifting Landscape Heavy Engineering Marine Key Industry Trends Stable Activity in Growing Investments in Trade Wars and Tariffs Stringent Compliance Upstream Oil & Renewables & Reshaping Seaborne Regulations Gas spending Low-Carbon Solutions Trade Dynamics Opportu
Slide 7: Business Highlights
Business Highlights | Q1 2025 Financial Results
Slide 8: Key Financials
Key Financials MHB Kicked Off the Year with Revenue Profit Before Cash Flow Positive Results Taxation from Operations in Q1 2025 RM453.1 RM12.7 RM33.9 million million million on Q1 1 n Q o 1 i n Q l li 20 ill 20 24: i 20 i l li o 24 R M 984 .5 m 24: R M 1 0 .9 m : R M ( 3 0 3 .8 ) m Key Achievements
Slide 9: Ongoing Projects
Ongoing Projects | Q1 2025 Financial Results
Slide 10: EPCIC Kasawari Carbon Capture & Storage (CCS) Project
EPCIC Kasawari Carbon Capture & Storage (CCS) Project Client & Field Operator PETRONAS Carigali Location SK316, Offshore Sarawak Progress 62% as of March 2025 Note: Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) Page 10 Q1 2025 Financial Results |
Slide 11: EPCI Joint Development Area (JDA) Field Development Project
EPCI Joint Development Area (JDA) Field Development Project (Phase 6) Client & Field Operator Carigali-PTTEPI Operating Company (CPOC) Location Malaysia-Thailand Joint Development Area (MTJDA) Progress 90% as of March 2025 Note: Engineering, Procurement, Construction and Installation (EPCI) Page 11
Slide 12: EPC OSS HVDC Platform for IJmuiden Ver Alpha
EPC OSS HVDC Platform for IJmuiden Ver Alpha Project of TenneT’s 2GW Programme Client & Field Operator Petrofac International (UAE) LLC Location Offshore, the Netherlands Progress 4% as of March 2025 Note: - Engineering, Procurement and Construction (EPC) - Offshore Substation (OSS) - High Voltage D
Slide 13: EPCIC of Wellhead Platforms – Irong Timur & Berantai East
Peninsular Malaysia EPCIC of Wellhead Platforms – Irong Timur & Irong Timur Berantai East Client & Field Operator Vestigo Petroleum Berantai East Location Offshore, Terengganu Progress 14% as of March 2025 Note: Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) Page 13 Q
Slide 14: Notable Marine Repair Projects Delivered
Notable Marine Repair Projects Delivered Client Client MISC Murakami Sekiyu Type of vessel Type of vessel FPSO Bulk Carrier Deadweight Deadweight 86,382 tonnage 81,999 tonnage Job scope Repair, Life Extension and Job scope Redeployment Dry-docking and repair Delivery date Delivery date BUNGA KERTAS
Slide 15: Financials
Financials | Q1 2025 Financial Results
Slide 16: Maintained Profitability in Q1 2025 Despite Lower Revenue
Maintained Profitability in Q1 2025 Despite Lower Revenue Revenue Operating Profit RM million RM million YoY Heavy Engineering - 54% Marine Others QoQ - 45% 984.5 YoY 115.4 817.6 + 7% 109.5 QoQ - 42% 453.1 869.1 26.7 132.9 15.4 14.4 708.1 7.0 17.4 13.8 320.2 22.6 0.3 2.2 0.3 (4.2) (2.9) Q1 2025 Q4 2
Slide 17: Stable & Resilient Financial Position
Figures in RM million Stable & Resilient Assets 31 March 2025 31 December 2024 Financial Position Non-Current Assets 1,829.9 1,816.6 Fostering growth through a solid Receivables 995.2 1,253.7 foundation Cash & Bank 447.3 457.6 Inventories 3.0 2.6 Total 3,275.4 3,530.5 Liabilities & Equities Equity 1
Slide 18: A Robust Order Book Ensuring Sustained Business Growth
[Open] A Robust Order Book Ensuring Sustained Business Growth ORDER BOOK RM million 5,255 Heavy Engineering 6,220 6,324 98% 5,263 + Marine 2,170 2% 2021 2022 2023 2024 2025* NEW ORDER INTAKE RM million EPC OSS HVDC platform EPCIC contract for for Nederwiek 1 consisting the fabrication of two of tops
Slide 19: Environmental, Social & Governance
Environmental, Social & Governance | Q1 2025 Financial Results
Slide 20: Advancing ESG Commitment Through Diverse Initiatives
Advancing ESG Commitment Through Diverse Initiatives Environment 2.2% 4,709 MT > 2,500 emission intensity reduction hazardous waste recycled trees planted at MMHE West Yard Social 4,289,396 12,738 RM66,000 safe man-hours without LTI total training hours community investment Governance Zero Zero 99%
Slide 21: Strategic Focus
Strategic Focus | Q1 2025 Financial Results
Slide 22: Focusing on Project Delivery Excellence, a High-Quality Order Book and a Balanced Portfolio
Focusing on Project Delivery Excellence, a High-Quality Order Book and a Focusing on Project Balanced Delivery Portfolio to DriveExcellence, a High-Quality Order Book and a Future Growth Balanced Portfolio to Drive Future Growth 01 Ensuring every project is llen ce Ba completed on time, within budge
Slide 23: Thank You
i MHB THANK YOU
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