Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q1 2022 Earnings Presentation
20 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, May 20, 2022
Slide 1: Quarterly IR Updates 1st Quarter 2022 Financial Results & Updates
Quarterly IR Updates 1st Quarter 2022 Financial Results & Updates 20 May 2022
Slide 2: Disclaimer
[Open] Disclaimer This Presentation is not intended to form the basis of any investment decision with respect to Malaysia Marine and Heavy Engineering Holdings Berhad (MHB). Neither this presentation nor anything contained herein shall form the basis of, or be relied upon in connection with, any con
Slide 3: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 4: Key Highlights in Q1 2022
[Open] Key Highlights in Q1 2022 FINANCIALS Recorded: • Revenue of RM417.8 million • Pre-tax profit of RM2.7 million HEAVY ENGINEERING BUSINESS MILESTONES • Shortlisted and awarded with the provision of Front-End Engineering Design (FEED) Competition for the Kasawari Carbon Capture & Storage (CCS) p
Slide 5: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 6: EPCIC Kasawari Gas Development Project
[Open] Progress is at 67.17% as of March 2022 EPCIC Kasawari Gas Development Project Strictly Confidential Page 6
Slide 7: EPCIC Jerun Development Project
[Open] Progress is at 27.25% as of March 2022 EPCIC Jerun Development Project Strictly Confidential Page 7
Slide 8: Notable Marine Repair Projects Delivered in Q1 2022
[Open] Notable Marine Repair Projects Delivered in Q1 2022 KMARIN RESTRAINT FS DILIGENCE Client : Kmarin Ocean Service Co Client : Simosa Shipping Co Ltd Type of vessel : Crude Oil Tanker Type of vessel : Crude Oil Tanker Deadweight : 109,526 tonnage Deadweight : 108,993 tonnage Job scope : Dry-dock
Slide 9: Notable Marine Repair Projects Delivered in Q1 2022
[Open] Notable Marine Repair Projects Delivered in Q1 2022 POS LOGISTIC 1 OBE QUEEN Client : PNSL Berhad Malaysia Client : Overseas Bulker Enterprise Type of vessel : Bulk Carrier Type of vessel : Bulk Carrier Deadweight : 93,226 tonnage Deadweight : 52,256 tonnage Job scope : Dry-docking and Repair
Slide 10: Notable Marine Repair Projects Delivered in Q1 2022
[Open] Notable Marine Repair Projects Delivered in Q1 2022 SEAJACKS SCYLLA VIKING QUEEN Client : Seajacks UK Limited Client : OSM Ship Management Pte. Ltd. Type of vessel : Jack Up Vessel Type of vessel : Vehicle Carrier Deadweight : 18,907 tonnage Deadweight : 16,890 tonnage Job scope : Afloat Repa
Slide 11: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 12: Financial Updates: Revenue
[Open] Financial Updates Income Statement REVENUE (RM’mil) 432.0 417.8 Sequential Quarter 59.4 77.6 Lower revenue mainly due to lower revenue from Marine 343.6 segments 39.4 Year-on-Year Heavy Engineering Increase in revenue mainly contributed by higher revenue from 358.4 354.4 304.2 an on-going pro
Slide 13: Financial Updates: Operating Profit/(Loss)
[Open] Financial Updates Income Statement OPERATING PROFIT/(LOSS) (RM’mil) Sequential Quarter 6.3 Operating profit of RM6.3 million compared to the sequential quarter's operating loss of RM103.9 (103.9) (101.9) million as the 4Q 2021 results were impacted by additional cost provisions for on-going H
Slide 14: Financial Updates: Balance Sheet
[Open] Financial Updates BALANCE SHEET (RM’mil) 31 Mar 2022 31 Dec 2021 Non-Current Assets 1,811.7 1,830.2 Total assets of RM3.4 billion Receivables 706.2 831.8 Cash & bank 853.5 709.9 Lower Receivables – Higher collection during Asset held for sale 14.3 14.3 the period Others 3.7 3.9 Current Asse
Slide 15: Backlog & Order Intake
[Open] Backlog & Order Intake BACKLOG (RM’mil) Heavy Engineering Business 98.0% 2,958 2,170 1,928 1,900 785 Marine Business Dec18 Dec19 Dec20 Dec21 Mar22 2.0% NEW ORDER INTAKE (RM’mil) New Order Intake in March 2022 2,644 consists of FEED CCS Kasawari project, shortlisted and awarded in Q1 1,120 144
Slide 16: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 17: Share Price Performance and Shareholding Information
[Open] Share Price Performance and Shareholding Information SHARE PRICE (JAN – MAR’22) SHAREHOLDING INFORMATION (RM) 1.00 1.09% 0.64% 0.51% 0.48% 0.48% 4.18% 3.68% 3.68% 3.69% 3.69% 0.90 8.50% 8.50% 8.50% 8.50% 8.50% 5.24% 5.12% 5.12% 5.17% 5.17% 0.80 14.49% 15.56% 15.69% 15.66% 15.66% 0.70 0.45 0.6
Slide 18: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 19: Tenders and Key Result Areas
[Open] Tenders and Key Result Areas Heavy Engineering Tenders Worth Approximately RM18 to RM19 billion have been submitted as of March 2022 Strategy & Initiatives • Continue building internal capability to be competent and competitive • Improve value proposition via internal capability development •
Slide 20: Thank You
THANK YOU
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