Deleum Bhd. · MYX:DELEUM
Deleum Bhd — Shareholder Meeting (May 2022)
30 slides from Deleum Bhd's shareholder meeting presentation, May 19, 2022
Slide 1: Deleum Berhad 17th Annual General Meeting
DELEUM BERHAD 17 t h A N NUAL GENERAL MEETING 19th May 2022, Thursday
Slide 2: FY2021: A Year of Resilience and Transformation
FY2021: A YEAR OF RESILIENCE AND TRANSFORMATION Continued focus on core products and services & strengthening product lines and services offerings Driving business through transformation & growth Recognising sustainability as part of our business Streamlining the business and realigning strategies D
Slide 3: Business Segments
BUSINESS SEGMENTS POWER AND OILFIELD INTEGRATED CORROSION MACHINERY SERVICES SOLUTION • Provision of gas turbine packages, • Slickline and Well Services (SWS). • Provision of low dust, environmentally aftersales support and services. • Asset Integrated Solutions (AIS). friendly blasting technology f
Slide 4: FY2021 Financial Performance
FY2021 FINANCIAL PERFORMANCE Revenue PAT/PATANCI (RM Million) (RM Million) Revenue PAT PATANCI 1,000,000 90,000 900,000 80,000 33,148 800,000 32,277 70,000 700,000 60,000 600,000 27,169 50,000 500,000 44,004 17,068 40,000 39,261 400,000 29,829 30,000 300,000 7,429 23,767 20,000 200,000 15,362 623,68
Slide 5: Performance Across Business Segments
PERFORMANCE ACROSS BUSINESS SEGMENTS Revenue Breakdown by Segment FY2020 FY2021 ICS 11% ICS 18% Total OS Total 19% OS Revenue: Revenue: 19% RM587mil RM559 mil P&M P&M 63% 70% P&M : Power and Machinery OS : Oilfield Services ICS : Integrated Corrosion Solutions | 17th ANNUAL GENERAL MEETING 5
Slide 6: Business Highlights
GFVVJM2 BUSINESS HIGHLIGHTS
Slide 7: Deleum's Key Initiatives
D E L E U M ’ S K E Y I N I T I AT I V E S Compliance and Health, Safety and Service Quality and Governance Environment Operational Excellence ✓ Adopting best practices ✓ High and consistent ✓ Doing things right the across the Group standard of safety for first time operational performance ✓ Advocat
Slide 8: Corporate Compliance
CORPORATE COMPLIANCE The Anti-Corruption Compliance Journey Deleum’s Integrity Day 2022 | 17th ANNUAL GENERAL MEETING 8
Slide 9: Human Capital Strategies
HUMAN CAPITAL STRATEGIES Talent Acquisition Talent review On-boarding Compensation Performance & Benefits accountability Learning & Development | 17th ANNUAL GENERAL MEETING 9
Slide 10: Looking Ahead
GFVVJM2 LOOKING AHEAD
Slide 11: Aspirations and Targets
A S P I R AT I O N S A N D TA R G E T S Journey towards becoming a Premier local Oil and Gas service company Expand Retaining maintenance existing scope for market offshore position facilities Maximising Exploring productivity New products innovative and / services technologies optimising efficienci
Slide 12: Disclaimer
DISCLAIMER • The content of this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain all material information concerning the Company. We take no responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any in
Slide 13: Pre-Submitted Questions from Shareholders
17th ANNUAL GENERAL MEETING PRE-SUBMITTED QUESTIONS FROM SHAREHOLDERS Replies to be addressed verbally by GCEO during the AGM
Slide 14: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: i. What cause of action for the Company to increase its market capitalisation? ii. What is the CAGR (Compound Annual Growth Rate) in term of net profit for the next 3 years? iii. Is there any plan for the Company to venture in new business areas? | 17th ANNU
Slide 15: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: i. What is the total amount of contract secured in FY2021? ii. Total book order on hand and total bidding value? iii. Q4 FY2021 result is considered as "good" compared to other 3 quarters in FY 2021. Moving forward, will the FY2022 be better, similar or wors
Slide 16: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: There is a write off of "slow moving and obsolete stocks" in oilfield services and integrated corrosion solution segment in FY 2021. Can you explain what is this and why there is a need to do the write off? | 17th ANNUAL GENERAL MEETING
Slide 17: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: Quoted from the new CEO Mr Ramanrao in both BFM interview last year and The Edge Interview, inefficiency is happening in oil and gas industries as well as Deleum group. My questions are: i. What is the inefficiency meant by Mr Ramanrao? Can you please descri
Slide 18: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: All the contracts secured by Deleum Primera are expiring in 2022. In The Edge Interview, it is understood that Deleum Primera is going to appeal to Petronas to lift up the license suspension in the coming months. My questions are: i. What is the expected tim
Slide 19: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: How many contracts were secured by Deleum in FY2021? Please elaborate in number of contracts and total contract values secured. | 17th ANNUAL GENERAL MEETING
Slide 20: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: It is understood that PDSB has secured an order for the MERO3 FPSO project in Brazil in FY2021. My questions are: i. What kinds of services/products provided by PDSB in the project? ii. How long the project is taking place? iii. The revenue contribution of t
Slide 21: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: In the prospect part of the Annual Report, it is known that all the 3 segments of Deleum Group are going to undertake geographical expansion. However, there were no solid/concrete plans explained in the annual report. i. Please describe the geographical expa
Slide 22: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: Downstream business is being identified as key focus area of the group. My questions are: i. Are all the three segments of Deleum group going to penetrate into downstream business? What initiatives have been done in order to achieve the key focus area? ii. I
Slide 23: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: It is understood that OS segment is currently exploring opportunities to expand its services with electro-mechanical tool and set & retrieve wellbore devices without explosives. What are the solutions/benefits can be provided by the services to potential cus
Slide 24: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: USD/RM movement is sensitive to the operation of Deleum group. In the annual report, there would be a foreign exchange loss of RM 1.45 mil for every 10% appreciation of USD against RM. My questions are: i. What initiatives would be done in order to mitigate
Slide 25: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: How does the Board of Director view the prospect of Deleum group in FY 2022 in view of the ease of movement control restriction in Malaysia, reopening of border Malaysia as well as stable and sustained high Brent oil price since the beginning of FY2022? | 17
Slide 26: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: In Q4 2021 when the movement control restriction in Malaysia was being lifted out, OS segment however, still registered an operating loss of RM3.63 mil after excluding the provision of doubtful debt made on its trade receivables of RM4.1 mil. Please explain
Slide 27: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: What is the total order book and tender book as at to date as well as the composition of order book contributed by each segment | 17th ANNUAL GENERAL MEETING
Slide 28: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: How is the progress of the partnership between Deleum Oilfield Services Sdn. Bhd and Midad Holding to expand business in Saudi Arabia? Is the geographical expansion effort still ongoing? | 17th ANNUAL GENERAL MEETING
Slide 29: Questions from Shareholders Q&A
Questions from Shareholders Q&A Question: Shareholders have asked if we could consider giving door gifts to shareholders attending AGM. | 17th ANNUAL GENERAL MEETING
Slide 30: Deleum Berhad 17th Annual General Meeting
DELEUM BERHAD 17 t h A N NUAL GENERAL MEETING 19th May 2022, Thursday