Bumi Armada Bhd. · MYX:ARMADA

Bumi Armada Bhd — Q3 2016 Earnings Presentation

19 slides from Bumi Armada Bhd's earnings presentation, Nov 23, 2016

1. Slide 1: Q3 2016 Briefing

   Q3 2016 Briefing 23rd November 2016

2. Slide 2: Disclaimer

   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, performance, o

3. Slide 3: Agenda

   Agenda 1. Q3 2016 Financials 2. Operational Highlights & Project Updates 3. Outlook 4. Q&A

4. Slide 4: Q3 2016 Financials

   Q3 2016 Financials Be BUMIARMADA

5. Slide 5: Key takeaways

   Key takeaways  The Group posted net profit (1) for YTD 2016 of RM6.0 mil.  EBITDA for YTD 2016 stands at RM541.2 mil, while EBITDA for Q3 2016 stands at RM91.0 mil.  The Group generated net cash flows from operating activities for YTD 2016 of RM1,053.9 mil.  The Group’s total order book as at en

6. Slide 6: Results Overview – Q3 2016 vs. Q2 2016

   Results Overview – Q3 2016 vs. Q2 2016 (in RM’mil) Revenue EBITDA Net Profit (1) 402.9 -6.3% 377.5 57.1 198.7 >100% -54.2% (92.5) Q2 2016 Q3 2016 91.0 Q2 2016 Q3 2016 Q2 2016 Q3 2016 Lower revenue due to: Decrease in EBITDA due to: • Included in the net loss in Q3 2016 • Lower FPSO revenue due mainl

7. Slide 7: Results Overview – YTD 2016 vs. YTD 2015

   Results Overview – YTD 2016 vs. YTD 2015 (in RM’mil) Revenue EBITDA Net Profit (1) 855.1 -36.7% 1,590.7 -23.9% 1,211.1 228.1 541.2 -97.4% 6.0 YTD 2015 YTD 2016 YTD 2015 YTD 2016 YTD 2015 YTD 2016 Lower revenue due to: Lower EBITDA due to: • Included in the PAT are the • Lower contribution from Armad

8. Slide 8: Revenue composition by segments – Q3 2016 vs. Q2 2016

   Revenue composition by segments – Q3 2016 vs. Q2 2016 (in RM’mil) Performance in established segments driven by the underlying activities FPSO & FGS OMS (1) -25.5% +5.8% 155.7 261.5 247.2 116.0 Q2 2016 Q3 2016 Q2 2016 Q3 2016 Lower revenue: Higher revenue due to: • On the back of completion of conve

9. Slide 9: Revenue composition by segments – YTD 2016 vs. YTD 2015

   Revenue composition by segments – YTD 2016 vs. YTD 2015 (in RM’mil) Performance in established segments driven by the underlying activities FPSO & FGS OMS (1) 927.4 -47.4% +9.0% 722.9 663.3 488.2 YTD 2015 YTD 2016 YTD 2015 YTD 2016 Lower revenue due to: Increase revenue due to: • Lower conversion ac

10. Slide 10: Net (loss)/profit after tax excluding provisions and non-cash charges

    Net (loss)/profit after tax excluding provisions and non- cash charges Quarter Ended Year Ended RM'mil 30 September 2016 30 September 2016 Net (loss)/profit attributable to Owners of the Company excluding impairment (92.5) 6.0 Allowance for doubtful debts 79.6 75.9 (12.9) 81.9 10

11. Slide 11: Revenue composition by geographical %

    Revenue composition by geographical % Malaysia based international company continued expansion across key regions YTD 2015 YTD 2016 4% 9% 7% 9% 17% 26% 58% 70% 8

12. Slide 12: Order book as at September 2016

    Order book as at 30 September 2016 As at 30 September 2016, the Group’s firm order book stood at RM24.1 bil compared to RM24.5 bil as at 30 June 2016. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annual basis with a total potential c

13. Slide 13: Operational Highlights & Project Updates

    Operational Highlights & Project Updates

14. Slide 14: Operational Highlights for Q3 2016

    Operational Highlights for Q3 2016 FPSO  Operational fleet maintaining high uptimes averaging above 99%.  Conversions – Sail aways for LNG, Kraken & Olombendo. Madura expected Q4.  Armada Claire litigation is on-going. OMS  OSV fleet utilisation remained at 55% in Q3 2016, unchanged from Q2 2016

15. Slide 15: Project Updates for Q3 2016

    Project Updates for Q3 2016 ARMADA LNG MEDITERRANA ARMADA OLOMBENDO

16. Slide 16: Project Updates for Q3 2016

    Project Updates for Q3 2016 ARMADA KRAKEN KARAPAN ARMADA STERLING III

17. Slide 17: Outlook

    Outlook N BUMIARMADA

18. Slide 18: Outlook

    Outlook  Operating environment for the oil sector remains challenging.  Transformation from project phase to operational phase.  Pursuing a number of new FPSO prospects: – India – ONGC Kakinada – Vietnam - Repsol CRD – Nigeria – Eni Zaba Zaba – Ghana – Hess – Brazil – Petrobras Sepia

19. Slide 19: Q&A

    Q&A BUMIARMADA

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