Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q2 2020 Earnings Presentation
9 slides from Westports Holdings Bhd's earnings presentation, Jul 24, 2020
Slide 1: Westports Holdings Berhad 2nd Quarter 2020 Financial Report
Westports Holdings Berhad 2nd Quarter 2020 Financial Report 24th July 2020
Slide 2: Revenue
Revenue 2 ▪ 2Q20 Container revenue reflected lower throughput but at lesser decline rate due to higher revenue per TEU and more reefer charges. Conventional revenue eased with lower volume at break bulk (especially steel and coils) and dry bulk (construction-related) segments ▪ YTDJun20 Marine reven
Slide 3: Cost
Cost 3 ▪ 2Q20 Manpower cost included special incentives for operational staff during MCO. Fuel cost eased despite weaker RM with lower MOPS and reduced fuel used. Lower M&R needed with lesser moves at container operations. Eliminated electricity arrears with up-to-date cost ▪ YTDJun20 Construction c
Slide 4: Overall Results & Profitability Margins
Overall Results & Profitability Margins 4 2Q20 2Q19 %Chg 1Q20 % QoQ YTDJun20 YTDJun19 %Chg On YTD Performance Gateway +2%. Transhipment -14%. Container m TEUs 2.28 2.74 -17% 2.52 -10% 4.80 5.27 -9% Export MT +28% while TS MT +12%. Total empties at 25%, up from 21%. Higher conventional throughput Con
Slide 5: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 5 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 2Q20 2Q19 YTDJun20 YTDJun19 • 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: Westports Expansion
Westports Expansion 6 Proposed acquisition ▪ Conditional S&P Agreement to acquire Marina Land for cash consideration of RM393,958,900 Key details of the land ▪ 146.4 hectares or 361.762 acres ▪ 99 years leasehold expiring on 24 March 2096 Basis of the purchase price ▪ Appraised market value of RM394
Slide 7: Throughput Volume
Throughput Volume 7 ▪ 2Q20 Full impact from Covid-19 induced slowdown but port operations continued throughout MCO. Higher container yard occupancy than 1Q20. Gateway decline cushioned by growth in paper/rubber-related TEUs. Empties +9% and reflect boxes repositioning by liners ▪ YTDJun20 Broad decl
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2020 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 1st Interim Div 5.05 sen 1H 2020 11 Aug 2020 21 Aug 2020 2nd Interim Div 6.26 sen 2H 2019 20 Feb 2020 03 Mar 2020 1st Interim Div 6.74 sen 1H 2019 14 Aug 2019 23 Aug 2019
Slide 9: Thank You
Thank You Westports Holdings Berhad http://www.westportsholdings.com/ 2019 Annual Report http://westportsholdings.com/wp-content/uploads/files/Westports%20Hldgs%20Bhd%20Annual%20Report%202019.pdf 2019 Sustainability Report http://westportsholdings.com/wp-content/uploads/files/Westports%20Hldgs%20Sus
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