Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q3 2021 Earnings Presentation
20 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, Nov 2, 2021
Slide 1: Quarterly IR Updates 3rd Quarter 2021 Financial Results & Updates
Quarterly IR Updates 3rd Quarter 2021 Financial Results & Updates 2 November 2021
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 9M FY2021
[Open] Key Highlights in 9M FY2021 Recorded: FINANCIALS • Revenue of RM1.0 billion • Pre-tax loss of RM165.4 million • Awarded EPCIC contract for SK408W Jerun Development Project, offshore Sarawak HEAVY • Sailed away Kasawari Gas Development Project WHP Jacket and Topside ENGINEERING • Received weld
Slide 5: Projects
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 6: Kasawari Gas Development Project WHP Jacket and Topside
[Open] Sailed away in June 2021 Kasawari Gas Development Project WHP Jacket and Topside Strictly Confidential Page 6
Slide 7: Integrated Bekok Oil Project WHPs Topsides, Substructures and Bridges
[Open] Sailed away in July & August 2021 Integrated Bekok Oil Project WHPs Topsides, Substructures and Bridges Strictly Confidential Page 7
Slide 8: EPCIC Kasawari Gas Development Project
[Open] Progress is at 58.90% as of September 2021 EPCIC Kasawari Gas Development Project Strictly Confidential Page 8
Slide 9: Notable Marine Repair Projects Delivered in Q3 2021
[Open] Notable Marine Repair Projects Delivered in Q3 2021 LNGC Seri Balhaf Vessel owner: Eaglestar Shipmanagement Deadweight: 91,201 tonnage Job scope: Dry-docking and Repair Delivery date: 25 July 2021 LNG Golar Maria Vessel owner: Eaglestar Shipmanagement Deadweight: 84,823 tonnage Job scope: Dry
Slide 10: Notable Marine Repair Projects Delivered in Q3 2021
[Open] Notable Marine Repair Projects Delivered in Q3 2021 LNG Kano Vessel owner: BW Fleet Management AS Deadweight: 83,961 tonnage Job scope: Dry-docking Repair and Ballast Water Treatment System Retrofit Delivery date: 3 September 2021 LNG Trader Vessel owner: K Line LNG Shipping UK Ltd Deadweight
Slide 11: Financials
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 12: Financial Updates: Revenue
[Open] Financial Updates Income Statement Revenue (RM’mil) 389.3 Sequential Quarter 58.7 Higher revenue mainly due to higher revenue from Heavy 302.4 Engineering segment 73.6 330.6 228.8 Year-on-Year Heavy Engineering Increase in revenue mainly contributed by higher revenue from 3Q 2021 2Q 2021 an o
Slide 13: Financial Updates: Operating Loss and Pre-Tax Loss
[Open] Financial Updates Income Statement Operating (Loss)/Profit (RM’mil) Pre-Tax Loss (RM’mil) (20.2) (148.3) (92.1) 2.0 (26.3) 2.0 6.5 (13.1) (20.4) (9.1) (23.6) (4.9) (68.3) (37.3) (1.0) (118.6) (165.4) (30.3) (392.1) (31.7) 3Q 2021 2Q 2021 9M 2021 9M 2020 3Q 2021 2Q 2021 9M 2021 9M 2020 HE Mari
Slide 14: Financial Updates: Balance Sheet
[Open] Financial Updates Balance Sheet Balance Sheet (RM’mil) 30 Sep 2021 31 Dec 2020 Non-Current Assets 1,868.2 1,897.8 • Total assets of RM3.0 bil Receivables 500.3 591.7 Cash & bank 617.1 651.1 ▪ Lower Receivables – Collection received during the Others 4.5 5.8 period Current Assets 1,121.9 1,248
Slide 15: Backlog & Order Intake
[Open] Backlog & Order Intake Backlog (RM’mil) Backlog as of 30 September 2021 2,958 2,486 1,900 Heavy 1,273 Engineering 785 Business 99.2% Dec17 Dec18 Dec19 Dec20 Sept21 New Order Intake (RM’mil) RM2.5 bil 2,644 Marine Business 0.8% 1,145 1,120 144 - Dec17 Dec18 Dec19 Dec20 Sept21 Note: New Order I
Slide 16: Share Price & Shareholding Result
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 17: Share Price Performance and Shareholding Information
[Open] Share Price Performance and Shareholding Information (RM) 3.68% 1.00 15.69% 3.68% 0.90 15.56% 8.50% As of 0.80 30 Sep 2021 5.12% 0.70 8.50% As of 66.50% 0.51% 0.47 30 Jun 2021 0.60 06/07/2021 5.12% 0.64% 66.50% 0.50 MISC Foreign Investors 0.40 Urusharta Jamaah Technip Other Malaysian Sharehol
Slide 18: Tenders & Key Result Areas
01 02 03 04 05 Business Projects Financials Share Price & Tenders & Key Highlights Shareholding Result Areas
Slide 19: Tenders and Key Result Areas
[Open] Tenders and Key Result Areas Heavy Engineering Tenders Worth Approximately RM9 to RM10 billion have been submitted as of September 2021 Strategy & Initiatives • Expand market for existing Marine and Heavy Engineering segments • Realise opportunities to secure Renewable Energy and Modular Stru
Slide 20: Thank You
THANK YOU
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