Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q4 2024 Earnings Presentation
24 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, Feb 19, 2025
Slide 1: Quarterly Investor Relations Updates: 4th Quarter and FY2024 Financial Results
Quarterly Investor Relations Updates 4th Quarter and FY2024 Financial Results 19 February 2025
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 1 Market Outlook 2 Business Highlights 3 Ongoing Projects 4 Financials 5 Environmental, Social and Governance 6 Strategic Focus
Slide 4: Market Outlook
MARKET OUTLOOK
Slide 5: Building Resilience Amid Market Disruptions and Shifting Global Dynamics
[Open] Building Resilience Amid Market Disruptions and Shifting Global Dynamics The global economic landscape in 2024 was shaped by volatile market conditions, which were further exacerbated by the US elections, resulting in heightened uncertainty, significant industry challenges, and an unpredictab
Slide 6: Energy security remains central while energy transition gained momentum
[Open] Energy security Growing investment in energy transition projects with steady growth in Oil & Gas spending remains central while energy transition gained Rising focus on decarbonisation is driving the momentum and is development of new technologies and regulations set to accelerate Energy tran
Slide 7: Business Highlights
BUSINESS HIGHLIGHTS
Slide 8: MHB Records Key Achievements in 2024, Strengthening Operational Excellence
[Open] MHB Records Key Achievements in 2024, Strengthening Operational Excellence Achievements Financials Heavy Engineering Segment CPP Topside sailaway WHP sailaway EPCIC SK408W Jerun Obtaining the NPA EPC Rosmari-Marjoram Revenue Development Project EPCIC SK408W Jerun Gas Project February 2024 Dev
Slide 9: Ongoing Projects
ONGOING PROJECTS
Slide 10: EPCIC Kasawari Carbon Capture & Storage (CCS) Project
[Open] Progress was at 58% as of December 2024 EPCIC Kasawari Carbon Capture & Storage (CCS) Project Client & Field Operator PETRONAS Carigali Location SK316, Offshore Sarawak Note: Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) Page 10 10
Slide 11: EPCI Joint Development Area (JDA) Field Development Project (Phase 6)
[Open] Progress was at 88% as of December 2024 EPCI Joint Development Area (JDA) Field Development Project (Phase 6) Client & Field Operator Carigali-PTTEPI Operating Company (CPOC) Location Malaysia-Thailand Joint Development Area (MTJDA) Note: Engineering, Procurement, Construction and Installatio
Slide 12: EPC OSS HVDC Platform for Ijmuiden ver Alpha Project
[Open] Progress was at 4% as of December 2024 EPC OSS HVDC Platform for Ijmuiden ver Alpha Project of TenneT’s 2GW Programme Client & Field Operator Petrofac International (UAE) LLC Location Offshore, the Netherlands Note: - Engineering, Procurement and Construction (EPC) - Offshore Substation (OSS)
Slide 13: EPC OSS HVDC Platform for Nederwiek 1 Project awarded in May 2024
[Open] EPC OSS HVDC Platform for Nederwiek 1 Project awarded in May 2024 Scope EPC of OSS HVDC platform for Nederwiek 1 Project, offshore wind farm Client & Field Operator Petrofac International (UAE) LLC Total Weight 40,000 MT Topside: 30,000 MT Jacket : 10,000 MT Location Offshore, the Netherlands
Slide 14: Notable Marine Repair Projects Delivered
[Open] Notable Marine Repair Projects Delivered SERI BALQIS SERI CAMELLIA Client Client MISC Marine MISC Marine Type of vessel Type of vessel LNG Carrier LNG Carrier (Moss) Deadweight Deadweight 89,758 tonnage 84,333 tonnage Job scope Job scope Dry-docking and repair Dry-docking and repair Delivery
Slide 15: Financials
FINANCIALS
Slide 16: MHB Achieves Significant Financial Recovery
[Open] Revenue MHB Achieves Significant Financial Recovery Quarter-on-Quarter Lower revenue from Heavy Figures in RM million Q4 2024 Q3 2024 FY2024 FY2023 Engineering segment Revenue 817.6 906.4 3,608.6 3,309.4 Higher PBT mainly due to recognition of cost recovery Heavy Engineering 708.1 799.9 3,186
Slide 17: Financial Position Remains Resilient and Strong
[Open] Financial Position Remains Resilient and Strong Figures in RM million Assets 31 December 2024 31 December 2023 Non-Current Assets 1,816.6 1,797.9 Receivables 1,253.7 1,291.0 Cash & Bank 457.6 557.6 Inventories 2.6 2.8 Total 3,530.5 3,649.3 Liabilities & Equities Equity 1,380.3 1,267.3 Borrowi
Slide 18: A Robust Order Book Ensuring Sustained Business Growth
[Open] A Robust Order Book Ensuring Sustained Business Growth ORDER BOOK RM million ering 98 ne % eav Engi Marine RM5.3 bil y 6,220 6,324 December 2024 2% 5,263 H 1,900 2,170 2020 2021 2022 2023 2024 NEW ORDER INTAKE New Order Intake in 2023 – 2024 RM million EPCI JDA Field Development Project (Phas
Slide 19: Environmental, Social & Governance
ENVIRONMENTAL, SOCIAL & GOVERNANCE
Slide 20: Unwavering Commitment to ESG Demonstrated Through Diverse Initiatives
[Open] Unwavering Commitment to ESG Environment Social Governance Demonstrated Through Diverse 8.5% 26,710,956 Zero Initiatives direct manhour emission man-hours without LTI incidents of corruption intensity reduction against 2016 baseline Earned a 4-star rating on the FTSE4Good Index for 2024, an F
Slide 21: FTSE Russell's Green Revenues: Capturing the transition to a green economy
[Open] Figures in RM million FTSE Russell’s Activities 2024 2023 2022 Green Revenues Carbon Capture and Storage 1,302.4 1,238.5 10.3 Capturing the transition Wind 23.0 20.0 - to a green economy Others 2,283.2 2,050.9 1,641.3 Total Revenue 3,608.6 3,309.4 1,651.6 Percentage of green activities contri
Slide 22: Strategic Focus
STRATEGIC FOCUS
Slide 23: Focusing on Project Delivery Excellence, a High-Quality Order Book and a Balanced Portfolio
[Open] Focusing on Project Delivery Excellence, a High-Quality Order Book and a Balanced Portfolio to Drive Future Growth Key Priorities Heavy Engineering tender book Approximately Project Delivery High Quality Balanced RM5 billion Excellence Ensuring every project is completed on time, Order Book S
Slide 24: Thank You
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