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Q2 2015 Financial Results and Update – Mhb Offshore Solutions

Mhb Offshore Solutions · Jul 29, 2015 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 1
    QUARTERLY IR UPDATES 2nd Quarter 2015 Financial Results & Updates 28th July 2015 Transformation for Success
  2. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 2
    3 TOPIC 1 Overview 2 Current Projects 3 Financials 4 Moving Forward 5 Q&A Analyst Briefing 2nd Quarter 2015
  3. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 3
    Preeminent Fabricator among Malaysian Yards 4 Integrated EPCIC for Offshore and Onshore Construction MMHE West Yard MMHE East Yard Infrastructure and Facilities Comprehensive structure solution Regions largest yard - 130k MT…
  4. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 4
    5 Key Highlights Financials Revenue of RM1.3 bn Net profit of RM54.1 m Projects Successful load-outs WHP Jacket for SK316 CPP Jacket for SK316 Topside for SK316 Awards Kanowit HUC Baronia CPP-B PCSB FIP/HUC LNG Repair (2…
  5. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 5
    6 TOPIC 1 Overview 2 Current Projects 3 Financials 4 Moving Forward 5 Q&A Analyst Briefing 2nd Quarter 2015
  6. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 6
    Overall Project Is 83% Completed 7 TLP Malikai Deepwater Project
  7. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 7
    Overall Project Is 86% Completed 8 SK316 CPP and WHP
  8. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 8
    Successful Load-out Of Jacket Structures In Mar-Apr 2015 9 SK316 CPP and WHP Analyst Briefing 2nd Quarter 2015
  9. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 9
    Successful Load-out Of WHP Topside in May 2015 10 SK316 CPP and WHP
  10. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 10
    Overall Project Is 45% Completed 11 Besar-A WHP and Jacket
  11. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 11
    Overall Project Is 18% Completed 12 NMB Bergading
  12. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 12
    Refurbishment and Conversion 13 MOPU EP7
  13. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 13
    Conversion (fabrication, installation and Integration) 14 FSO Mampu 1
  14. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 14
    Refurbishment (Demolition, Repair and Drydocking 15 FSO Cendor
  15. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 15
    Refurbishment and Drydocking 16 Jack-up rig Naga 2
  16. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 16
    Repair Life Extension and Drydocking 17 LNG Vessel Puteri Intan
  17. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 17
    Refurbishment and Conversion 18 FSO Nautica Bergading
  18. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 18
    19 TOPIC 1 Overview 2 Current Projects 3 Financials 4 Moving Forward 5 Q&A Analyst Briefing 2nd Quarter 2015
  19. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 19
    Financial Updates 20 Income Statement, QoQ Revenue Income Statement RM m 2Q 2015 1Q 2015 OBU - settlement of Gumusut Kakap in Revenue 582.1 719.5 preceding 1Q 2015 Offshore 461.0 616.3 Marine 121.1 103.2 MBU - more LNG vessels…
  20. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 20
    Financial Updates 21 Income Statement, YoY Revenue Income Statement RM m 1H 2015 1H 2014 OBU - lower sail-away/completed projects Revenue 1,301.6 1,652.4 Offshore 1,077.3 1,517.6 MBU - diversified to other types of vessels Marine…
  21. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 21
    Financial Updates 22 Balance Sheet Total assets of RM4.6bn Balance Sheet RM m Jun 2015 Dec 2014 * Receivables include lower work in progress Non-Current Assets 2,035.8 2,005.5 Inventories 11.9 11.7 Cash balance reflect Cash flow…
  22. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 22
    Progressive Facilities Enhancement 23 Yard Optimisation Program YO Capital Expenditure RM million 213 147 168 136 107 112 77 58 1,148 1,206 1,012 900 655 732 548 335 M09 M10 M11 D11 D12 D13 D14 J15 12m 12m 12m 9m 12m…
  23. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 23
    Financial Updates 24 Order Intake & Backlog Backlog RM million 1,430 Backlog RM million SK316 1,270 TLP Malikai 5,827 919 3,727 2,937 2,556 2,180 1,772 PFLNG Turret 1,575 1,017 Mar09 Mar10 Mar11 Dec11 Dec12 Dec13 Dec14…
  24. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 24
    Corporate Updates 25 Shareholding Information 1-Year Share Price RM Technip SA Technip SA 8.50% 8.50% 4.5 Lembaga 4 Lembaga Tabung Haji Tabung Haji 6.09% 6.08% 3.5 PNB & PNB PNB & PNB 3 Unit Trust As At Unit Trust As At…
  25. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 25
    26 TOPIC 1 Overview 2 Current Projects 3 Financials 4 Moving Forward 5 Q&A Analyst Briefing 2nd Quarter 2015
  26. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 26
    27 Strategy and Initiatives OBU Increased focus on onshore/ modular/ HUC work Bidding for sanctioned projects worth RM7 billion Overseas expansion vs. over-reliance on Malaysian jobs Ongoing BD effort for smaller-sized projects…
  27. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 27
    28 Strategy and Initiatives New orders to-date OBU: Kanowit HUC Baronia CPP-B PCSB FIP/HUC MBU: Naga-2 drydock LNG (2 MISC vessels) FSO conversion Enbloc contracts Tenderbook Local: Kasawari Rapid sub-con packages…
  28. Q2 2015 Financial Results and Update – Mhb Offshore Solutions – slide 28
    Transformation for Success Thank You Terima Kasih MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD Level 31, Menara Dayabumi, Jalan Sultan Hishamuddin 50050, Kuala Lumpur, Malaysia Investor Relations Contacts Telephone: +60 (3)…

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