Beng Kuang Marine Ltd. · SGX:BEZ
Beng Kuang Marine — Q1 2024 Earnings Presentation
12 slides from Beng Kuang Marine's earnings presentation, May 2, 2024
Slide 1: 1Q2024 Corporate Highlights
1Q2024 Corporate Highlights 2 May 2024
Slide 2: Disclaimer
Disclaimer This document was prepared as a general business update and the information in this document has not been independently verified. Beng Kuang Marine Limited (“Beng Kuang Group’ or the “Company”) does not make any warranty, expressed or implied, as to the accuracy of the information contain
Slide 3: Overview
Overview Key Facts Core Business Divisions • Beng Kuang Marine Limited (“明光集团” or the “Company”, and Infrastructure IE Corrosion CP together with its subsidiaries, the “Beng Kuang Group”) was Engineering Prevention founded in 1994 and has been listed on Singapore Exchange since (“IE”) (“CP”) 15 Octo
Slide 4: Transformative Growth in Recent Years
Transformative Growth in Recent Years Turnaround that is Powered by Strong Business Drivers in 2H2023 FY2021 (S$ million) Revenue: 51.31m FY2023 (S$ million) 2021 Gross Profit: 11.90 2023 Revenue: 79.16 EBITDA: (5.23) Gross Profit: 24.91 ▪ Chua Beng Yong appointed as Executive Director on 10 May 202
Slide 5: Our Yard Facilities at Batam, Indonesia
Our Yard Facilities at Batam, Indonesia Waterfront yard on the Eastern side of Batam Island, Kabil After the two partial disposals, the Group will continue to own 13.8 hectare (137,986 square metres) of the waterfront yard Continual efforts to: • Enhance the utilisation rate of our assets onsite • M
Slide 6: Our Service-Centric Model in the Marine and Offshore Energy Market
Our Service-Centric Model in the Marine and Offshore Energy Market Floating Production Storage and Offloading vessels (“FPSOs”) and Floating Storage and Offloading vessels (“FSOs”) ▪ New Build & Conversion ▪ Inspection & Certification Projects ▪ Special Projects ▪ Servicing & Maintenance Infrastruct
Slide 7: Key Financial Highlights for 1Q2024
Key Financial Highlights for 1Q2024 Profit Before Tax of S$11.32 Million in 1Q2024 Surpasses FY2023’s Profit Before Tax of S$10.82 Million Gross Profit Surged 208.0% to S$9.79 Million Organic Revenue Growth of 113.1% to S$28.63 Million 7
Slide 8: Key Financial Highlights for 1Q2024
Key Financial Highlights for 1Q2024 For QoQ Revenue 4Q2023 Revenue Contribution +10.5% (S$ million) +113.1% (S$ million) 1Q2024 IE: 20.28 IE: 23.61 IE: 23.61 28.63 28.63 CP: 5.63 CP: 5.02 CP: 5.02 25.91 For YoY IE: 8.35 13.44 CP: 5.07 1Q2023 1Q2024 Higher demand for its FPSO and FSO contracting and
Slide 9: Key Financial Highlights for 1Q2024
Key Financial Highlights for 1Q2024 Business Model Improvement in Strengthened Increased Enhancement Gross Profit Balance Sheet EBITDA An asset-light and service- QoQ – By 10% or S0.91m Cash and cash equivalents increased QoQ – By 58% or S$4.49m oriented business model YoY – By 208% or S$6.61m to S$
Slide 10: Advancing Towards BKM 2.0
Advancing Towards BKM 2.0 Anchored by our Two Key Pillars Key Core Business Units Focus Areas Building Sustainable Growth Strategic Market Enhance Core 1. Positioning Capabilities & Entrenching Lead Market Position Building Fresh Value-led Capabilities & New 2. Transformation Revenue Streams Infrast
Slide 11: Our Current Progress
Our Current Progress Key Pillars a. CP: We are among the lead market players in Singapore and Batam for major shipyards b. ASOM: Our asset integrity team is key and leading player for in-situ services onboard of Offshore Floating Assets Strategic Market (comprising FPSO, FSO, TLP and Semis Submersib
Slide 12: 1Q2024 Corporate Highlights
1Q2024 Corporate Highlights 2 May 2024 For media and investors queries, please contact: 8PR ASIA Pte Ltd Alex Tan T: +65 9451 5252 E: alex.tan@8prasia.com