Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q3 2022 Earnings Presentation
9 slides from Westports Holdings Bhd's earnings presentation, Nov 4, 2022
Slide 1: Westports Holdings Berhad 3rd Quarter 2022 Financial Report
Westports Holdings Berhad 3rd Quarter 2022 Financial Report 4th November 2022
Slide 2: Revenue
Revenue 2 ▪ 3Q22 Container revenue was identical while throughput -2% due to higher revenue per TEU arising from gateway volume growth. On QoQ and YoY basis, VAS normalized downward without congestion. Conventional revenue up with break bulk and liquid bulk volume ▪ YTDSep22 Rental up with new tenan
Slide 3: Cost
Cost 3 ▪ 3Q22 Fuel cost due to MOPS and weaker RM despite fuel use -4%. Electricity cost, ICPT from Feb22, more reefers but less days at yard ▪ YTDSep22 RM1,500 minimum wage from Jan22 and annual increments. Depreciation included capitalisation of LBT5, 21 RTG cranes, 2 new replacement QCs, and 100
Slide 4: Overall Results & Profitability Margins
Overall Results & Profitability Margins 4 3Q22 3Q21 %Chg 2Q22 % QoQ YTDSep22 YTDSep21 %Chg On YTD Performance Gateway +7%, transhipment -13%. Container m TEUs 2.59 2.63 -2% 2.49 4% 7.47 7.93 -6% No congestion as the average yard occupancy -11%. Key conventional segments all reported throughput Conve
Slide 5: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 5 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 3Q22 3Q21 YTDSep22 YTDSep21 • 20 year Sukuk Musharakah Medium Term Note program obtained on 20 April 2011 Operating Profit Before Tenure • Valid unless it has been redeemed, cancelled Working
Slide 6: Container Terminal Expansion
Container Terminal Expansion 6 Expansion check-list ▪ Approval-in-Principle ▪ Purchase of PKNS land ▪ 8 detailed technical studies ▪ Finalised port layout design ▪ S&P to acquire Marina Land@ ▪ Initial and detailed EIA reports ▪ Concession terms with PKA ▪ EIA approval on detailed study ▪ Approved l
Slide 7: Throughput Volume
Throughput Volume 7 ▪ 3Q22 Strongest gateway quarterly growth since 1Q18. Transhipment volume reflected easing of global supply chain challenges but increased blank sailings, demand contraction, and global inflationary effects. Some Asia-Africa services stoppages from late-2021 ▪ YTDSep22 Container
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2022 Dividend Financial Payment Ex-Date Per Share (RM) Year Date LBT5 1st Interim Div 6.91 sen 1H 2022 12 Aug 2022 23 Aug 2022 2nd Interim Div 9.28 sen 2H 2021 15 Feb 2022 24 Feb 2022 1st Interim Div 8.50 sen 1H 2021 17 Aug 2021 26 Aug
Slide 9: Thank You
Thank You Westports Holdings Berhad http://www.westportsholdings.com/ Corporate Impact Report by Morningstar Sustainalytics https://www.westportsholdings.com/wp-content/uploads/files/Westport_Sustainalytics_Corporate_Impact_Report.pdf Westports Climate Change Assessment Report by DHI Water & Environ
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