Slide 1: Bumi Armada Q4 2017 Analyst Briefing
BUMI ARMADA Q4 2017 ANALYST BRIEFING 26th February 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. Q4 2017 Financials 3. Outlook 4. Q&A 3
Slide 4: Operational & Project Updates
Operational & Project Updates 4
Slide 5: FPO Updates
FPO Updates Project Updates: Armada Kraken – producing approx. 50,000 bbls oil currently. Moving towards final acceptance by Q2. Armada Olombendo – High production, completed 20th offload in 4Q 2017. Acceptance progressing as planned by Q1. Karapan Armada Sterling III – Receiving 100% of day r
Slide 6: OMS Updates
OMS Updates OSV Vessel utilisation declined to 46% in Q4 2017, compared to 53% in Q3 2017. Subsea Construction Lukoil 2017 scope completed. Lukoil 2018 scope – operation schedule issued for client approval. Procurement activities ongoing. Armada KP1 – Secured short term contract for work in In
Slide 7: Q4 2017 Financials
Q4 2017 Financials VX Wa BUMIARMADA 3
Slide 8: Key takeaways
Key takeaways Revenue in Q4 2017 increased by 3.2% to RM662.1 million compared to Q3 2017. Q4 2017 versus Q3 2017 FPO revenue increased by 12.5% to RM452.8 million OMS revenue decreased by 12.3% to RM209.3 million EBITDA(1) decreased by 22.2% to RM363.4 million Net profit (2) decreased b
Slide 9: Results Overview – Q4 2017 vs. Q3 2017 (in RM'mil)
Results Overview – Q4 2017 vs. Q3 2017 (in RM’mil) Revenue EBITDA Net Profit (1) 662.1 641.4 466.9 -22% 3% 209.3 238.7 363.4 123.7 -48% 452.8 63.8 402.7 Q3 2017 Q4 2017 Q3 2017 Q4 2017 Q3 2017 Q4 2017 FPO OMS (1) Attributable to Owners of the Company 9
Slide 10: Results Overview – FY 2017 vs. FY 2016 (in RM'mil)
Results Overview – FY 2017 vs. FY 2016 (in RM’mil) Revenue EBITDA Net Profit (1) 1,506.9 360.6 >100% 82% 2,402.1 >100% 969.2 1,317.4 FY 2016 FY 2017 923.2 1,432.9 (224.5) 470.5 394.2 Note: The profit in FY 2016 as shown FY 2016 FY 2017 FY 2016 FY 2017 above, does not include the following exceptiona
Slide 11: Revenue composition by geographical %
Revenue composition by geographical % Malaysia based international company continued expansion across key regions FY 2016 FY 2017 1% 5% 12% 9% 5% 19% 46% 39% 64% 11
Slide 12: Order book as at 31 December 2017
Order book as at 31 December 2017 As at 31 Dec 2017, the Group’s firm order book stood at RM22.3 bil compared to RM22.7 bil as at 30 Sep 2017. Upon expiration of the firm contract period, certain contracts contain extension options which are renewable on annual basis with a total potential value of
Slide 13: Outlook
Outlook 17 BUMIARMADA 7
Slide 14: Bumi Armada Outlook FY2018
Bumi Armada Outlook FY2018 2015-2016 2017 2018 2019 DYNAMIC TRANSITION STABILITY GROWTH FPO Focusing on key client tenders. Upside opportunities - Armada Claire, Woodside litigation. OMS Focus OSV business on positive cashflow. Subsea construction – discussing new opportunities in Caspian &
Slide 15: Q&A
Q&A VX Wa BUMIARMADA BP
Slide 16: Thank You
Thank You ap ZN V BUMIARMADA 16