Westports Holdings Bhd. · MYX:WPRTS
Westports Holdings Bhd — Q1 2020 Earnings Presentation
9 slides from Westports Holdings Bhd's earnings presentation, May 6, 2020
Slide 1: Westports Holdings Berhad 1st Quarter 2020 Financial Report
Westports Holdings Berhad 1st Quarter 2020 Financial Report 6th May 2020
Slide 2: Revenue
Revenue 2 ▪ 1Q20 Container revenue reflected tariff revision implemented on 1st March 2019 and gateway volume growth of 14%. Meanwhile VAS percentage contribution to container revenue remained identical. Lower conventional revenue with lesser steel products in break bulk ▪ Lower rental with residual
Slide 3: Cost
Cost 3 ▪ 1Q20 Manpower cost reflected higher headcount and salary increments. Depreciation included new terminal trucks’ engines. Fuel cost declined despite weaker Ringgit with lower MOPS. Lower container M&R cost with newer TTs. Others: outsourcing, conventional, marine ▪ The construction cost is n
Slide 4: Overall Results & Profitability Margins
Overall Results & Profitability Margins 4 1Q20 1Q19 %Chg 4Q19 % QoQ 2019 2018 %Chg On 1Q20 Performance Gateway +14%. Transhipment -8% Container m TEUs 2.52 2.53 0% 2.82 -11% 10.86 9.52 14% as TS FCL -13% while TS MT +14%. Total empties at 24%, up from 21%. Higher throughput by dry bulk and Conventio
Slide 5: Cash Flows & Total Borrowings
Cash Flows & Total Borrowings 5 Consolidated Cash Flows Sukuk Musharakah Medium Term Note (SMTN) RM million 1Q20 1Q19 2019 2018 • 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 Capital
Slide 6: Westports Expansion
Westports Expansion 6 Proposed acquisition ▪ Conditional S&P Agreement to acquire Marina Land for a total cash consideration of RM393,958,900 from PRSB Key details of the land ▪ 146.4 hectares or 361.762 acres ▪ Tenure of 99 years. Leasehold expiring on 24 March 2096 Basis of the purchase price ▪ Ap
Slide 7: Throughput Volume
Throughput Volume 7 ▪ 1Q20 Gateway growth not really affected by Covid-19 yet. Port is designated as essential services under MCO, operations continued as usual. Transhipment declined after six consecutive quarters of strong growth averaging 16%, and in 1Q19 empties +14% while FCL -13% ▪ Key trade l
Slide 8: Dividend & Outlook
Dividend & Outlook 8 Dividend Distribution Track Record Outlook 2020 Dividend Financial Payment Ex-Date Per Share (RM) Year Date 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 2nd Interim Div 6.33 sen 2H 2018 18 Feb 2019 01 Mar 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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