Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q4 2020 Earnings Presentation
22 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, Feb 9, 2021
Slide 1: Analyst Briefing: 4th Quarter 2020 Financial Results & Updates
ANALYST BRIEFING 4th Quarter 2020 Financial Results & Updates 9 February 2021
Slide 2: Disclaimer
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 contract o
Slide 3: Business Highlights
1 Business Highlights Projects Financials Shareholding Information Key Focus Areas 3
Slide 4: Key Highlights in FY2020
Key Highlights in FY2020 FINANCIALS Recorded: • Revenue of RM1.6 bil for FY2020 and RM695.5 mil for 4Q 2020 • Pre-tax loss of RM401.3 mil for FY2020 and RM9.2 mil for 4Q 2020 HEAVY ENGINEERING BUSINESS MILESTONES: • Completed construction of FSO Golden Star External Turret • Awarded call-out contrac
Slide 5: Projects
Business Highlights 2 Projects Financials Shareholding Information Key Focus Areas 5
Slide 6: Pluto Water Handling Module
Sailed away in November 2020 Pluto Water Handling Module Slide Title 6
Slide 7: EPCIC Kasawari Gas Development Project
Progress is at 30.35% as of December 2020 EPCIC Kasawari Gas Development Project Slide Title 7
Slide 8: Bekok Oil Project
Progress is at 58.02% as of December 2020 Bekok Oil Project Slide Title 8
Slide 9: Notable Marine Repair Projects Delivered in Q4 2020 – Gas (1/2)
Notable Marine Repair Projects Delivered in Q4 2020 – Gas (1/2) Amadi Vessel owner: Brunei Gas Carriers Sdn Bhd Deadweight: 85,466 tonnage Job scope: 1st Special Survey and Cargo Tank Repair Delivery date: 2 November 2020 Seri Alam Vessel owner: Eaglestar Shipmanagement Deadweight: 83,400 tonnage Jo
Slide 10: Notable Marine Repair Projects Delivered in Q4 2020 – Gas (2/2)
Notable Marine Repair Projects Delivered in Q4 2020 – Gas (2/2) Enugu Vessel owner: BW Fleet Management AS Deadweight: 83,160 tonnage Job scope: 3rd Special Survey and Ballast Water Treatment System (BWTS) Installation Delivery date: 20 November 2020 Arkat Vessel owner: Brunei Gas Carriers Sdn Bhd D
Slide 11: Notable Marine Repair Projects Delivered in Q4 2020 – Non Gas
Notable Marine Repair Projects Delivered in Q4 2020 – Non Gas Casta Diva Vessel owner: Marine Trust Ltd Deadweight: 177,807 tonnage Job scope: Grounding Repair Delivery date: 30 December 2020 Sapporo Princess Vessel owner: HMM Ocean Services Co. Ltd., Korea Deadweight: 105,354 tonnage Job scope: Hul
Slide 12: CSAV TOCONAO - Dry Dock 3 (DD3)
Progress is at 80.8% as of December 2020 CSAV TOCONAO - Dry Dock 3 (DD3) Slide Title 12
Slide 13: Financials
Business Highlights Projects 3 Financials Shareholding Information Key Focus Areas 13
Slide 14: Income Statement, Sequential Quarter
Financial Updates Income Statement, Sequential Quarter Income Statement (RM 'm) 4Q 2020 3Q 2020 Revenue 695.5 369.5 Heavy Engineering 594.8 270.9 Marine 100.7 98.6 • Revenue Operating (Loss)/Profit (8.1) 2.5 • Increase mainly due to higher revenue from both Heavy Engineering (24.0) 0.2 Marine 21.2 1
Slide 15: Income Statement, Year-on-Year
Financial Updates Income Statement, Year-on-Year Income Statement (RM 'm) FY 2020 FY 2019 Revenue 1,566.7 1,009.5 Heavy Engineering 1,204.5 578.6 • Revenue Marine 362.2 430.9 • Heavy Engineering – Increase mainly contributed by higher revenue from on-going projects • Marine – Lower mainly contribute
Slide 16: Balance Sheet
Financial Updates Balance Sheet Balance Sheet (RM 'm) Dec 2020 Dec 2019 Non-Current Assets 1,897.8 2,034.9 • Total assets of RM3.1 bil Inventories 4.9 4.3 Receivables 591.7 504.1 ▪ Lower Non-Current Assets – Impairment loss on Cash & bank 651.1 673.9 property, plant and equipment and right-of-use as
Slide 17: Backlog & Order Intake
Backlog & Order Intake Backlog RM (mil) 3,500 MHB Backlog as of 3,000 31 December 2020 2,500 2,000 1,500 2,958 1,000 1,904 Heavy Engineering 1,273 Unit 500 785 98.5% 629 0 Dec16 Dec17 Dec18 Dec19 Dec20 New Order Intake 3,000 RM (mil) RM1,903.8 mil 2,500 2,000 1,500 2,644 1,000 500 1,145 Marine Busin
Slide 18: Shareholding Information
Business Highlights Projects Financials 4 Shareholding Information Key Focus Areas 18
Slide 19: Shareholding Information & Share Price
Corporate Updates Shareholding Information & Share Price Share Price (RM) 4.17% 13.57% 1.00 0.90 8.50% 0.80 As of 0.48 31 Dec 2020 0.70 09/12/2020 5.24% 2.02% 66.50% 0.60 0.31 4.16% 08/10/2020 13.07% 0.50 0.40 8.50% As of 0.30 30 Sept 2020 6.60% MISC 0.20 1.17% 66.50% Foreign Investors 0.10 Urushart
Slide 20: Key Focus Areas
Business Highlights Projects Financials Shareholding Information 5 Key Focus Areas 20
Slide 21: Key Focus Areas
Key Focus Areas Heavy Engineering Approximately RM12 billion have been submitted as of December 2020 Tenders Worth Continue pursuing existing business of Marine & Heavy Engineering and expanding marine capacity through additional dry dock Continue exploring new business opportunities namely modular
Slide 22: Thank You
Thank You MALAYSIA MARINE AND HEAVY ENGINEERING HOLDINGS BERHAD (198901001515)(178821-X) Level 31, Menara Dayabumi. Jalan Sultan Hishamuddin, 50050 Kuala Lumpur, Malaysia T : +603 2273 0266 F : +603 2273 8916 W =: www.mhb.com.my MALAYSIA MARINE AND HEAVY ENGINEERING SDN BHD (197301001012)(14558-P) M
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