Bumi Armada Bhd. · MYX:ARMADA
Bumi Armada Bhd — Q3 2018 Earnings Presentation
18 slides from Bumi Armada Bhd's earnings presentation, Nov 23, 2018
Slide 1: Bumi Armada Q3 2018 Analyst Briefing
BUMI ARMADA Q3 2018 ANALYST BRIEFING 23rd November 2018
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
Slide 3: Agenda
Agenda 1. Operational & Project Updates 2. Q3 2018 Financials 3. Outlook 4. Q&A 3
Slide 4: Operational & Project Updates
Operational & Project Updates 4
Slide 5: FPO Updates
FPO Updates Armada TGT 1 – 6-yr and 3-mth extension signed in Vietnam on 3 August. Armada Kraken – Achieved final acceptance for Armada Kraken on 4 September. Maintaining high uptimes on our operating vessels. Armada Perdana – Process ongoing for offload of the oil stored in the FPSO cargo t
Slide 6: OMS Updates
OMS Updates OSV Vessel utilisation 43% in Q3 2018 and 38% in Q2 2018. Reviewed OSV Strategy. Subsea Construction Completed Lukoil 2018 campaign: Armada Installer completed pipe laying operations in June. Armada Constructor completed post - trenching work in October. Armada KPI mobilised
Slide 7: Q3 2018 Financials
Q3 2018 Financials VX Wa BUMIARMADA 3
Slide 8: Key takeaways
Key takeaways Revenue in Q3 2018 decreased by 10.1% to RM588.0 million compared to Q2 2018. Q3 2018 versus Q2 2018 FPO revenue decreased by 9.1% to RM405.7 million OMS revenue decreased by 12.2% to RM182.3 million FPO segment results increased by 18% to RM196.5 million OMS segment result
Slide 9: Results Overview – Q3 2018 vs. Q2 2018 (in RM'mil)
Results Overview – Q3 2018 vs. Q2 2018 (in RM’mil) Revenue Segment Results 654.0 588.0 -10% 240.0 241.1 207.5 -1% 44.6 182.3 73.8 446.5 196.5 405.7 166.2 Q2 2018 Q3 2018 Q2 2018 Q3 2018 FPO OMS FPO OMS 9
Slide 10: Results Overview – Q3 2018 vs. Q2 2018 (Continued)
Results Overview – Q3 2018 vs. Q2 2018 (in RM’mil) (Continued) Operating (Loss)/ Net Loss (2) Profit before Impairment (1) Q2 2018 Q3 2018 +>100% +14% (502.8) (2.1) Q2 2018 Q3 2018 (585.5) (1) Impairment on vessels (2) Attributable to Owners of the Company 10
Slide 11: Results Overview – YTD 2018 vs. YTD 2017 (in RM'mil)
Results Overview – YTD 2018 vs. YTD 2017 (in RM’mil) Revenue Segment Results 1,842.4 837.9 1,740.0 796.6 +6% 529.9 -5% 148.6 317.4 760.0 1,312.5 980.0 648.0 520.5 YTD 2017 YTD 2018 YTD 2017 YTD 2018 FPO OMS FPO OMS 11
Slide 12: Results Overview – YTD 2018 vs. YTD 2017 (Continued)
Results Overview – YTD 2018 vs. YTD 2017 (in RM’mil) (Continued) Operating Profit Net Profit/(Loss) (2) before Impairment (1) 559.3 288.4 347.6 -50% 521.3 YTD 2017 YTD 2018 ->100% 282.0 (1,039.9) YTD 2017 YTD 2018 (1) Impairment on vessels (2) Attributable to Owners of the Company 12
Slide 13: Revenue composition by geographical %
Revenue composition by geographical % YTD 2017 YTD 2018 2% 5% 6% 10% 2% 24% 22% 39% 48% 42% 11
Slide 14: Order book as at 30 September 2018
Order book as at 30 September 2018 As at 30 September 2018, the Group’s firm order book stood at RM21.0 bil compared to RM20.2 bil as at 30 June 2018. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annual basis with a total potential v
Slide 15: Outlook
Outlook 17 BUMIARMADA is
Slide 16: Outlook
Outlook Focus areas going forward: Safety culture and operational excellence Managing our costs Refinancing corporate debt Strengthening our balance sheet Generating cash flow across the businesses 16
Slide 17: Q&A
Q&A VX Wa BUMIARMADA BP
Slide 18: Thank You
Thank You ap ZN V BUMIARMADA 18