Marine & General Bhd · MYX:M&G
Marine & General Bhd — Shareholder Meeting (October 2026)
29 slides from Marine & General Bhd's shareholder meeting presentation, Oct 22, 2026
Slide 1: 29th Annual General Meeting
29TH ANNUAL GENERAL MEETING 22ND OCTOBER 2026
Slide 2: Financial Briefing
29TH ANNUAL GENERAL MEETING FINANCIAL BRIEFING 1. 2. Group Business Structure Operating Conditions i. Upstream Division ii. Downstream Division iii. Marine Services Division 3. 4. Group Financial Results Group Financial Position preencoded.png
Slide 3: Group Business Structure
29TH ANNUAL GENERAL MEETING GROUP BUSINESS STRUCTURE MARINE LOGISTICS MARINE LOGISTICS MARINE SERVICE Upstream Division Downstream Division Services Division Providing OSV services – anchor Providing chemical and CPP tanker 2 new established companies: handling, towing, offshore supply and services.
Slide 4: Upstream Division – Oil and Gas Industry Trends
29TH ANNUAL GENERAL MEETING UPSTREAM DIVISION – Oil and Gas Industry Trends 110.00 ▪ The global oil and gas stayed strong in 2025 despite moderating demand, rising supply, price volatility and geopolitical 100.00 uncertainty. ▪ Brent crude averaged USD65/barrel in late 2025 as demand 90.00 slowed an
Slide 5: Upstream Division – Vessel Charter and Fleet Utilisation
29TH ANNUAL GENERAL MEETING UPSTREAM DIVISION – Vessel Charter and Fleet Utilisation VESSEL UTILISATION RATE FY 2022 – FY 2026 AVERAGE AHTS DAILY CHARTER RATE (ASIA PACIFIC) USD 20,000 15,000 10,000 5,000 May Jun July Aug Sept Oct Nov Dec Jan Feb Mar Apr FY 2026 (5,000 BHP) FY 2026 (10,000 BHP) FY 2
Slide 6: Upstream Division – Third-Party Vessel Management, Awards and Recognition
29TH ANNUAL GENERAL MEETING UPSTREAM DIVISION – UPSTREAM DIVISION – Third-Party Vessel Management Awards and Recognition 20.8M Commercial & technical services 01 A broad service offer covering day-to-day commercial and technical needs. man-hours without Lost Time Injury Zero LTI since April 2013 Sup
Slide 7: Downstream Division
29TH ANNUAL GENERAL MEETING DOWNSTREAM DIVISION FLEET UTILISATION Recorded marginally higher tanker utilisation of 84% (FY 2025: 83%). All tanker are on time charter contracts. FLEET OPTIMISATION 5 vessels in operation (4 chemical tankers and 1 CPP tanker) The Division completed the acquisition of J
Slide 8: Marine Services Division
29TH ANNUAL GENERAL MEETING MARINE SERVICES DIVISION Newly established division during the current financial year. Spearheaded by M&G WHS Engineering Sdn Bhd (“M&G WHS”) and Jasa Merin Engineering Sdn Bhd (“JME”). M&G WHS Engineering Sdn Bhd Jasa Merin Engineering Sdn Bhd ✓ Commenced operation in De
Slide 9: Group Financial Results
29TH ANNUAL GENERAL MEETING +3.8% (2.3%) GROUP FINANCIAL RESULTS (3.1%) (45.6%) Refer to page 131 of the Annual Report for the Statements of Profit or Loss and Other Comprehensive Income for the Financial Year Ended 30 April 2026. preencoded.png
Slide 10: Group Financial Position
29TH ANNUAL GENERAL MEETING GROUP FINANCIAL POSITION TOTAL ASSETS TOTAL LIABILITIES RM810.3M (FY 2025: RM868M) RM575.6M (FY 2025: RM658.5M) Decreased by RM57.7m – due to decrease in trade and other Decreased by RM82.9m – mainly due to the reduction in receivables following the utilisation of funds h
Slide 11: End of Briefing on Financial Results for FYE April 2026
End of Briefing on Financial Results for FYE 30 April 2026
Slide 12: Questions and Answers – Minority Shareholders Watch Group
29TH ANNUAL GENERAL MEETING QUESTIONS AND ANSWERS _______________________ MINORITY SHAREHOLDERS WATCH GROUP
Slide 13: Operational & Financial Matters – Question 1.a
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS The Board and Management have expressed cautious optimism about the upstream OSV business in FY2027. For Q1FY2027, revenue from Marine Logistics – Upstream segment declined by 28% to RM61.57 million from RM85.49 million in the previous corr
Slide 14: Answer 1.a
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 1.a The Group remains cautiously optimistic about the outlook for the Upstream segment, while recognising the uncertainties in the offshore oil and gas industry. The performance in Q1FY2027 reflects, among other factors, lower fleet
Slide 15: Operational & Financial Matters – Question 1.b
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS The Board and Management have expressed cautious optimism about the upstream OSV business in FY2027. For Q1FY2027, revenue from Marine Logistics – Upstream segment declined by 28% to RM61.57 million from RM85.49 million in the previous corr
Slide 16: Answer 1.b
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 1.b The utilisation of the Group’s AHTS fleet is influenced by the nature of charter arrangements and prevailing offshore activities. The 60M AHTS vessels are primarily engaged in production-related activities under longer-term chart
Slide 17: Operational & Financial Matters – Question 1.c
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS The Board and Management have expressed cautious optimism about the upstream OSV business in FY2027. For Q1FY2027, revenue from Marine Logistics – Upstream segment declined by 28% to RM61.57 million from RM85.49 million in the previous corr
Slide 18: Answer 1.c
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 1.c The Group’s AHTS fleet has varying charter tenures, depending on the vessel category and contractual arrangements. All nine 60M AHTS vessels are covered by firm contracts with about two years remaining. In contrast, the existing
Slide 19: Operational & Financial Matters – Question 1.d
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS The Board and Management have expressed cautious optimism about the upstream OSV business in FY2027. For Q1FY2027, revenue from Marine Logistics – Upstream segment declined by 28% to RM61.57 million from RM85.49 million in the previous corr
Slide 20: Answer 1.d
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 1.d The Group adopts a prudent and selective approach to fleet renewal, with the objectives of rejuvenating its offshore support vessel fleet and expanding its tanker fleet in line with long-term business requirements. The strategy i
Slide 21: Question 2 – Useful Life of Vessels
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Question 2. During Q1FY2027, M&G reassessed the estimated useful lives of its offshore support vessels (OSVs) and extended the estimated useful life from 20 to 25 years, citing the vessels’ design and construction, which support an expected
Slide 22: Answer 2
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 2. Following the revision of the estimated useful lives of the Group’s offshore support vessels from 20 to 25 years, depreciation expenses for FY2027 are expected to decrease by approximately RM16 million. The annual reduction in dep
Slide 23: Question 3 – JM Indah Offer
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Question 3. Page 163 of the Annual Report 2026 states that JM Indah, a straight supply vessel that is classified as an asset held for sale, received an offer of US$1.05 million in March 2025. However, the proposed disposal was put on hold f
Slide 24: Answer 3
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 3. The two offers were made about a year apart by different prospective buyers and on different conditions. Hence, the offers are not comparable and should be considered differently. The first proposal of US$1.05 million was received
Slide 25: Question 4 – Newbuild Investment
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Question 4. Page 29 of the Annual Report 2026 notes that vessel supply in the OSV market remains constrained due to limited investment in newbuilds following the prolonged downturn in offshore services, contributing to stable charter rates
Slide 26: Answer 4
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 4. The Group recognises that constrained vessel supply may present selective investment opportunities in the offshore support vessel market. However, such opportunities must be assessed against market demand, commercial viability and
Slide 27: Sustainability – Question 5
29TH ANNUAL GENERAL MEETING SUSTAINABILITY Question 5. PETRONAS, a major customer of M&G, aims to achieve net zero carbon emissions by 2050, and reduce absolute greenhouse gas (GHG) emissions by 25% by 2030. PETRONAS’ decarbonisation journey involves sustainability efforts from various stakeholders,
Slide 28: Answer 5
29TH ANNUAL GENERAL MEETING OPERATIONAL & FINANCIAL MATTERS Answer 5. The Group recognises the increasing importance of sustainability and climate-related considerations within the oil and gas industry, particularly in response to evolving customer expectations and regulatory requirements. PETRONAS
Slide 29: End of Briefing – Thank You
© END OF BRIEFING MARINE & GENERAL THANK YOU BERHAD
Marine & General Berhad — Shareholder Meeting (October 2026) on 6ix