Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q4 2021 Earnings Presentation
19 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, Feb 11, 2022
Slide 1: Quarterly IR Updates 4th Quarter 2021 Financial Results & Updates
Quarterly IR Updates 4th Quarter 2021 Financial Results & Updates 11 February 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: Business Highlights
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 4: Key Highlights in FY2021
[Open] Key Highlights in FY2021 Recorded: FINANCIALS • Revenue of RM1.5 billion • Pre-tax loss of RM274.1 million • Awarded EPCIC contract for SK408W Jerun Development Project, offshore Sarawak • Awarded EPCIC works for the existing Kasawari Gas Development Project HEAVY E11R-AA Riser Platform and H
Slide 5: Projects
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 6: EPCIC Kasawari Gas Development Project
[Open] Progress is at 64.20% as of December 2021 EPCIC Kasawari Gas Development Project Strictly Confidential Page 6
Slide 7: EPCIC Jerun Development Project
[Open] Progress is at 16.94% as of December 2021 EPCIC Jerun Development Project Strictly Confidential Page 7
Slide 8: Notable Marine Repair Projects Delivered in Q4 2021
[Open] Notable Marine Repair Projects Delivered in Q4 2021 Puteri Zamrud Vessel owner: MISC Berhad Type of vessel: LNG Carrier Deadweight: 73,519 tonnage Job scope: Dry-docking and Repair Delivery date: 19 November 2021 Alpine Confidence Vessel owner: Transpetrol Ltd Type of vessel: Crude Oil Tanker
Slide 9: Notable Marine Repair Projects Delivered in Q4 2021
[Open] Notable Marine Repair Projects Delivered in Q4 2021 LNG Lokoja Vessel owner: BW Gas AS Type of vessel: LNG Carrier Deadweight: 83,965 tonnage Job scope: Dry-docking Repair Delivery date: 18 October 2021 Tangguh Palung Vessel owner: Kawasaki Kisen Kaisha Ltd Type of vessel: LNG Carrier Deadwei
Slide 10: Financials Result
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 11: Financial Updates: Revenue
[Open] Financial Updates Income Statement Revenue (RM’mil) Sequential Quarter 432.0 389.3 Higher revenue mainly due to higher revenue from both Heavy 77.6 Engineering and Marine segments 58.7 354.4 330.6 Year-on-Year Heavy Engineering Increase in revenue mainly contributed by higher revenue from 4Q
Slide 12: Financial Updates: Operating Loss and Pre-Tax Loss
[Open] Financial Updates Income Statement Operating (Loss)/Profit (RM’mil) Pre-Tax Loss (RM’mil) (103.9) (20.2) (252.2) (100.2) 4.3 2.0 6.3 1.2 (13.1) (92.3) (23.6) (9.1) (90.5) (209.1) (9.1) (108.7) (274.1) (17.7) (401.3) (49.4) 4Q 2021 3Q 2021 FY 2021 FY 2020 4Q 2021 3Q 2021 FY 2021 FY 2020 HE Mar
Slide 13: Financial Updates: Balance Sheet
[Open] Financial Updates Balance Sheet Balance Sheet (RM’mil) 31 Dec 2021 31 Dec 2020 Non-Current Assets 1,830.2 1,897.8 Receivables 831.8 591.7 • Total assets of RM3.4 bil Cash & bank 709.9 651.1 ▪ Higher Receivables – Timing of collections Asset held for sale 14.3 - Others 3.9 5.8 ▪ Higher Cash –
Slide 14: Backlog & Order Intake
[Open] Backlog & Order Intake Backlog (RM’mil) As of 31 December 2021 Heavy Engineering Business 99.3% 2,958 1,900 2,170 1,273 Marine Business 785 0.7% Dec17 Dec18 Dec19 Dec20 Dec21 New Order Intake (RM’mil) 2,644 1,145 1,120 144 - Dec17 Dec18 Dec19 Dec20 Dec21 Note: New Order Intake excludes Marine
Slide 15: Share Price & Shareholding
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 16: Share Price Performance and Shareholding Information
[Open] Share Price Performance and Shareholding Information (RM) 3.69% 1.00 15.66% 3.68% 0.90 15.69% 8.50% As of 0.80 31 Dec 2021 5.17% 0.70 As of 0.50 8.50% 0.48% 66.50% 11/10/2021 30 Sep 2021 0.60 5.12% 0.51% 66.50% 0.50 MISC Other Foreign Investors 0.40 Urusharta Jamaah Technip Other Malaysian Sh
Slide 17: Tenders & Key Result Areas
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 18: Tenders and Key Result Areas
[Open] Tenders and Key Result Areas Heavy Engineering Tenders Worth Approximately RM13 to RM14 billion have been submitted as of December 2021 Strategy & Initiatives • Expand market for existing Marine and Heavy Engineering segments • Realise opportunities to secure Renewable Energy • Enhance infras
Slide 19: Thank You
THANK YOU
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