Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q2 2022 Earnings Presentation
22 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, Aug 17, 2022
Slide 1: Quarterly IR Updates
Quarterly IR Updates 2nd Quarter 2022 Financial Results & Updates 17 August 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 1H 2022
[Open] Key Highlights in 1H 2022 FINANCIALS • Recorded: ➢ Revenue of RM818.4 million ➢ Pre-tax profit of RM24.9 million • Top 20 companies with the highest net cash levels HEAVY ENGINEERING BUSINESS MILESTONES • Shortlisted and awarded with the provision of Front-End Engineering Design (FEED) Compet
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 70.15% as of June 2022 EPCIC Kasawari Gas Development Project Strictly Confidential Page 6
Slide 7: EPCIC Jerun Development Project
[Open] Progress is at 39.72% as of June 2022 EPCIC Jerun Development Project Strictly Confidential Page 7
Slide 8: FEED for Kasawari CCS Project
[Open] Progress is at 36.49% as of June 2022 FEED for Kasawari CCS Project Project Name : EPCIC Alliance Kasawari CCS Project Client : PETRONAS Carigali Sdn Bhd Location : Block SK 316 Offshore Sarawak, 200km from PETRONAS LNG Complex Bintulu (PLC) 8
Slide 9: Notable Marine Repair Projects Delivered in Q2 2022
[Open] Notable Marine Repair Projects Delivered in Q2 2022 SERI BAKTI SK AUDACE Client : Eaglestar Shipmanagement Ltd. Client : SK Shipping Co. Ltd. Type of vessel : LNG Carrier Type of vessel : LNG Carrier Deadweight : 90,065 tonnage Deadweight : 94,664 tonnage Job scope : Dry-docking and Repair Jo
Slide 10: Notable Marine Repair Projects Delivered in Q2 2022
[Open] Notable Marine Repair Projects Delivered in Q2 2022 AMALI PUTERI INTAN Client : Brunei Gas Carriers Sdn. Bhd. Client : Eaglestar Shipmanagement Ltd. Type of vessel : LNG Carrier Type of vessel : LNG Carrier Deadweight : 84,179 tonnage Deadweight : 73,519 tonnage Job scope : Dry-docking and Re
Slide 11: Notable Marine Repair Projects Delivered in Q2 2022
[Open] Notable Marine Repair Projects Delivered in Q2 2022 C. PROGRESS KMARIN REGARD Client : SK Shipping Co. Ltd. Client : KMarin Ocean Service Co (KOSCO) Type of vessel : Crude Oil Tanker Type of vessel : Crude Oil Tanker Deadweight : 319,000 tonnage Deadweight : 114,379 tonnage Job scope : Dry-do
Slide 12: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 13: Financial Updates: Income Statement - Revenue
[Open] Financial Updates Income Statement REVENUE (RM’mil) 400.6 417.8 59.4 90.7 Sequential Quarter 309.9 358.4 Lower revenue mainly due to lower revenue from Heavy Engineering segment 2Q 2022 1Q 2022 Year-on-Year Heavy Engineering 818.4 Increase in revenue mainly contributed by higher revenue from
Slide 14: Financial Updates: Operating Profit and Pre-tax Profit
[Open] Financial Updates Income Statement OPERATING PROFIT/(LOSS) (RM’mil) Sequential Quarter 32.1 Higher operating profit than preceding quarter mainly contributed by reversal of cost 25.8 5.4 (128.2) provision for post sail-away projects as well as higher contribution from the Marine 22.7 segment
Slide 15: Financial Updates: Balance Sheet
[Open] Financial Updates BALANCE SHEET (RM’mil) 30 June 2022 31 Dec 2021 Non-Current Assets 1,791.6 1,830.2 Total assets of RM3.4 billion Receivables 596.0 831.8 ➢ Lower Receivables – Higher collection during Cash & bank 953.6 709.9 the period Asset held for sale - 14.3 Derivatives 4.8 - ➢ Higher Ca
Slide 16: Backlog & Order Intake
[Open] Backlog & Order Intake BACKLOG (RM’mil) Heavy Engineering Business 94.0% 2,958 2,170 1,900 1,717 785 Marine Business Dec18 Dec19 Dec20 Dec21 June22 6.0% NEW ORDER INTAKE (RM’mil) New Order Intake consists of FEED 2,644 CCS Kasawari project, shortlisted and 1,120 awarded in Q1 2022 144 22 - De
Slide 17: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 18: Share Price Performance and Shareholding Information
[Open] Share Price Performance and Shareholding Information SHARE PRICE (APR – JUNE’22) SHAREHOLDING INFORMATION (RM) 0.64% 0.51% 0.48% 0.48% 0.36% 1.00 3.68% 3.69% 3.69% 3.69% 3.68% 8.50% 8.50% 8.50% 8.50% 8.50% 0.90 5.12% 5.12% 5.17% 5.17% 5.24% 15.56% 15.69% 15.66% 15.66% 15.71% 0.80 0.70 0.60 0.
Slide 19: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 20: 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 June 2022 Strategy & Initiatives • Continue building internal capability to be competent and competitive in order to improve value proposition • Explore opportunities in o
Slide 21: Key Challenges
[Open] Key Challenges • Global supply chain disruption • Steel price escalation • Nationwide labour shortage Page 21
Slide 22: Thank You
THANK YOU
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