Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q3 2013 Earnings Presentation
7 slides from Bumi Armada Bhd's earnings presentation, Nov 20, 2013
Slide 1: Q3 2013 Highlights
Q3 2013 Highlights 20th November 2013 “Knots Ahead of the Rest”
Slide 2: Key takeaways
Key takeaways YTD Net Profit grew 23.9% compared with same period in 2012 YTD EBITDA of RM772.4 million up 9.0% compared with same period in 2012 Order book of stands at RM 12.7 billion with good profitability (firm contracts and extensions) OSV Utilisation remains healthy at 84% in Q3 with addition
Slide 3: Results Overview – YTD 2013 vs. YTD 2012 (in RM'mil)
Results Overview – YTD 2013 vs. YTD 2012 (in RM’mil) Operations on track and growth across all business segments Revenue 1,516.3 +28.3% 1,181.4 EBITDA +9.0% 772.4 708.4 Net Profit* +23.9% 342.9 276.7 YTD 2012 YTD 2013 Higher revenue from: • FPSO client VOs & candidate vessels YTD 2012 YTD 2013 • New
Slide 4: Revenue composition by business units (in RM'mil)
Revenue composition by business units (in RM’mil) Improved performance in established sectors FPSO OSV +20.0% 466.1 +9.9% 581.0 388.3 528.8 YTD 2012 YTD 2013 YTD 2012 YTD 2013 Increase in FPSO client VOs, O&M and revenue from FPSO candidate vessels. (C7 recorded as part Additional OSV vessels and im
Slide 5: Revenue composition by geographical %
Revenue composition by geographical % Malaysia based international company Continued expansion across key regions YTD 2013 YTD 2012 4.8% 6.7% 13.4% 17.4% 30.0% 28.2% 51.8% 47.7% 5
Slide 6: Leverage and capitalization
Leverage and capitalization Financial capacity intact to undertake more projects Net Debt / EBITDA(1) Gearing ratio(2) 4.5x 4.0x 3.9x 4.0x 5.1x 4.9x 4.8x 3.5x 3.4x 3.0x 2.5x 2.9x 2.6x 2.4x 2.0x 2.3x 1.9x 1.5x 0.9x 0.8x 1.0x 0.7x 0.7x 0.8x 0.5x 0.0x 2008 2009 2010 2011 2012 Q1 2013 Q2 2013 Q3 2013 20
Slide 7: Order book as at September 2013
Order book as at 30 September 2013 Quality firm backlog of RM8.0bn As at 30 September 2013, the Group’s order book stood at RM8.0 billion compared to RM7.5 billion as at 30 June 2013. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annu