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August 2015 Investor Presentation – Bumi Armada Berhad

Bumi Armada Berhad · Aug 27, 2015 · 20 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. August 2015 Investor Presentation – Bumi Armada Berhad – slide 1
    Financial Results for 1H 2015 27 August 2015 Knots Ahead of the Rest
  2. August 2015 Investor Presentation – Bumi Armada Berhad – slide 2
    Q2 2015 Highlights Knots Ahead of the Rest
  3. August 2015 Investor Presentation – Bumi Armada Berhad – slide 3
    Key takeaways Year to date EBITDA increased by 14.6% year-on-year to RM556.5 million. Net cash flows generated from operating activities increased by 53.0% year- on-year, to RM383.1 million in the first half of 2015. Second quarter…
  4. August 2015 Investor Presentation – Bumi Armada Berhad – slide 4
    Results Overview Q2 2015 vs. Q1 2015 (in RMmil) Revenue EBITDA Net Profit/(Loss)* -19.8% -504.9% 572.2 -6.1% 72.0 459.1 287.0 269.5 Q1 2015 Q2 2015 Q1 2015 Q2 2015 Q1 2015 Q2 2015 (291.5) Revenue sequentially lower due…
  5. August 2015 Investor Presentation – Bumi Armada Berhad – slide 5
    Normalised PAT RMmil Q2 2015 YTD 2015 Net loss (298.9) (225.9) Impairment - Property, plant and equipment and non-current assets held for sale 353.8 353.8 - Non-core asset at a joint venture 20.5 20.5 - Available-for-sale…
  6. August 2015 Investor Presentation – Bumi Armada Berhad – slide 6
    Q2 2015 PAT Clarification 150 84.8 100 50 - Core net profit Impairment for Impairment for Impairment for Impairment for Net loss Q2 (50) Q2 2015 PPE and non- non-core asset available-for-sale investment in a 2015 (100) current…
  7. August 2015 Investor Presentation – Bumi Armada Berhad – slide 7
    Impairment of property, plant and equipment and non-current assets held for sale Carrying Carrying amount before amount after impairment impairment Impairment RM'mil RM'mil RM'mil % Vessels for which an impairment charge was made…
  8. August 2015 Investor Presentation – Bumi Armada Berhad – slide 8
    Results Overview YTD 2015 vs. YTD 2014 (in RMmil) Revenue EBITDA Net Profit* -2.6% +14.6% 556.5 1,059.0 1,031.2 163.2 485.8 -234.5% YTD 2014 YTD 2015 YTD 2014 YTD 2015 YTD 2014 YTD 2015 (219.5) Net core profit (excluding…
  9. August 2015 Investor Presentation – Bumi Armada Berhad – slide 9
    YTD 2015 PAT Clarification 200 159.9 100 - Core net profit Impairment for Impairment for Impairment for Impairment for Net loss YTD YTD 2015 PPE and non- non-core asset at available-for-sale investment in a 2015 (100) current…
  10. August 2015 Investor Presentation – Bumi Armada Berhad – slide 10
    Revenue composition by segments Q2 2015 vs. Q1 2015 (in RMmil) Performance in established segments driven by the underlying activities FPSO & FGS OSV 291.1 -6.9% 164.5 271.1 -23.5% 125.9 Q1 2015 Q2 2015 Q1 2015 Q2 2015 Lower…
  11. August 2015 Investor Presentation – Bumi Armada Berhad – slide 11
    Revenue composition by segments YTD 2015 vs. YTD 2014 (in RMmil) Performance in established segments driven by the underlying activities FPSO & FGS OSV 562.2 -6.1% +31.6% 309.2 290.4 427.1 YTD 2014 YTD 2015 YTD 2014 YTD 2015…
  12. August 2015 Investor Presentation – Bumi Armada Berhad – slide 12
    Revenue composition by geographical % Malaysia based international company continued expansion across key regions YTD 2014 YTD 2015 5% 13% 7% 11% 26% 27% 56% 55%
  13. August 2015 Investor Presentation – Bumi Armada Berhad – slide 13
    Operating cash flows and gearing ratio 600.0 1.60x 1.43x 500.0 1.40x 485.9 1.20x 400.0 1.03x 1.06x Gearing ratio 0.97x 0.93x 1.00x 0.87x RM'mil 300.0 234.4 0.80x 200.0 176.9 148.7 0.60x 100.0 73.5 0.40x 0.0…
  14. August 2015 Investor Presentation – Bumi Armada Berhad – slide 14
    Leverage and capitalisation Financial capacity intact to execute existing projects Net Debt / EBITDA(1) Gearing ratio(2) 4.0x 3.9x 5.1x 4.8x 3.9x 3.2x 3.3x 3.2x 2.3x 1.9x 0.9x 0.9x 1.0x 0.9x 0.9x 0.7x 2009 2010…
  15. August 2015 Investor Presentation – Bumi Armada Berhad – slide 15
    Order book as at 30 June 2015 Quality firm order book increases to RM25.8 bn (Q1: RM25.6 bn) As at 30 June 2015, the Groups order book stood at RM25.8 bn compared to RM25.6 bn as at 31 March 2015. Upon expiration of the firm contract…
  16. August 2015 Investor Presentation – Bumi Armada Berhad – slide 16
    Updates & Outlook Knots Ahead of the Rest
  17. August 2015 Investor Presentation – Bumi Armada Berhad – slide 17
    Project Updates Armada Kraken (North Sea, UK) Status: 60% completed Expected Completion: Q3 2016 Armada Kraken: M40 Module Armada Olombendo (Angola 15/06) Status: 50% completed Expected Completion: Q4 2016 Armada Kraken:…
  18. August 2015 Investor Presentation – Bumi Armada Berhad – slide 18
    Project Updates Armada Madura (Indonesia) Status: 20% completed Expected Completion: Q4 2016 Armada Madura: First Steel Cut Malta LNG FSU Status: 10% completed Expected Completion: Q2 2016 Armada Madura: Main Deck Overview…
  19. August 2015 Investor Presentation – Bumi Armada Berhad – slide 19
    In Summary The O&G sector is expected to remain challenging into 2016. The non-cash impairment was predominantly on OSV and T&I assets and reflects their current recoverable value. Core net profit without the impairment, would have…
  20. August 2015 Investor Presentation – Bumi Armada Berhad – slide 20
    Thank You Knots Ahead of the Rest

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