Malaysia Marine & Heavy Engineering Holdings Bhd. · MYX:MHB
Malaysia Marine & Heavy Engineering Holdings Bhd — Q4 2022 Earnings Presentation
24 slides from Malaysia Marine & Heavy Engineering Holdings Bhd's earnings presentation, Feb 10, 2023
Slide 1: Quarterly IR Updates
Quarterly IR Updates 4th Quarter 2022 Financial Results & Updates 10 February 2023
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 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 4: Key Highlights in FY2022
[Open] Key Highlights in FY2022 FINANCIALS • Recorded: ➢ Revenue of RM1.7 billion ➢ Pre-tax profit of RM46.7 million ➢ Profit after tax of RM67.6 million • Cash flow from operations of RM133.5 million • Dividend of 1.5 sen per share in respect of financial year 2022 HEAVY ENGINEERING BUSINESS MILEST
Slide 5: Key Highlights in FY2022 (cont'd)
[Open] [Open] Key Highlights in FY2022 (cont’d) 1 Partnership with Silverstream Technologies 2 Partnership with Bureau Veritas Solutions (M&O) Products and Services: Hull Performance Audit Products and Services: Air Lubrication System (including bulbous bow retrofit and vessel lengthening) and Techn
Slide 6: Key Highlights in FY2022 (cont'd)
[Open] [Open] Key Highlights in FY2022 (cont’d) 3 FTSE4Good Bursa Malaysia 4 The Edge Malaysia ESG 5 MSOSH Award Index Awards 2022 28 November 2022 21 December 2022 ▪ MHB is ranked among the top 25% ▪ MHB won the silver award under the ▪ MHB has been recognised with a Public Listed Companies (PLCs)
Slide 7: Key Highlights in FY2022 (cont'd)
[Open] [Open] Key Highlights in FY2022 (cont’d) 6 MHB Free Market 7 Mangrove Planting Programme 8 River Rehabilitation Programme 15 November 2022 24 November 2022 10 December 2022 ▪ MHB organised a Free Market event for ▪ More than 35 volunteers from MHB and ▪ Joint effort with Majlis Bandaraya Pasi
Slide 8: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 9: EPCIC Kasawari Gas Development Project
[Open] Progress is at 75.51% as of December 2022 EPCIC Kasawari Gas Development Project Strictly Confidential Page 9 Page 9
Slide 10: EPCIC Kasawari Jacket Loadout In-Progress
[Open] As of February 2023 EPCIC Kasawari Jacket Loadout In-Progress Page 10
Slide 11: EPCIC Jerun Development Project
[Open] Progress is at 53.40% as of December 2022 EPCIC Jerun Development Project Strictly Confidential Page 11
Slide 12: Notable Marine Repair Projects Delivered in FY 2022
[Open] Notable Marine Repair Projects Delivered in FY 2022 SERI BAKTI SERI BEGAWAN Client : Eaglestar Shipmanagement Ltd. Client : Eaglestar Shipmanagement Ltd. Type of vessel : LNG Carrier Type of vessel : LNG Carrier Deadweight : 90,065 tonnage Deadweight : 90,065 tonnage Job scope : Dry-docking a
Slide 13: Notable Marine Repair Projects Delivered in FY 2022
[Open] Notable Marine Repair Projects Delivered in FY 2022 SEAJACKS SCYLLA C. PROGRESS Client : Seajacks UK Limited, UK Client : SK Shipping Co. Ltd., South Type of vessel : Jack Up Vessel Korea Deadweight : 18,907 tonnage Type of vessel : Crude Oil Tanker Job scope : Afloat Repair and Installation
Slide 14: Notable Marine Repair Projects Delivered in FY 2022
[Open] Notable Marine Repair Projects Delivered in FY 2022 ASIAN PIONEER CHARLES DARWIN Client : Kumiai Senpaku Co Ltd, Japan Client : Jan De Nul Group, Belgium Type of vessel : Bulk Carrier Type of vessel : Trailing Suction Hopper Dredger Deadweight : 86,759 tonnage Deadweight : 53,286 tonnage Job
Slide 15: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 16: Financial Updates: Revenue
[Open] Financial Updates Income Statement REVENUE (RM’mil) 424.0 409.2 97.6 89.1 Sequential Quarter 326.4 320.1 Higher revenue mainly due to higher revenue from both Heavy Engineering and Marine segments 4Q 2022 3Q 2022 Year-on-Year Heavy Engineering 1,651.6 Increase in revenue mainly contributed by
Slide 17: Financial Updates: Operating Profit/(Loss)
[Open] Financial Updates Income Statement OPERATING PROFIT/(LOSS) (RM’mil) Sequential Quarter 9.8 19.1 Lower operating profit mainly due to the foreign exchange losses from the 60.9 (252.2) strengthening of Malaysian Ringgit coupled with lower recovery of COVID-19 claims and reversal of cost provisi
Slide 18: Financial Updates: Balance Sheet
[Open] Financial Updates BALANCE SHEET (RM’mil) 31 Dec 2022 31 Dec 2021 Non-Current Assets 1,788.7 1,830.2 Total assets of RM3.4 billion Receivables 748.0 831.8 ➢ Lower Receivables – Higher collection during the Cash & bank 797.0 709.9 year Asset held for sale - 14.3 ➢ Higher Cash – Positive cash fl
Slide 19: Backlog & Order Intake
[Open] Backlog & Order Intake BACKLOG (RM’mil) Heavy Engineering Business 99.1% 6,286 2,958 Marine Business 1,900 2,170 785 0.9% Dec18 Dec19 Dec20 Dec21 Dec22 NEW ORDER INTAKE (RM’mil) New Order Intake consists of: ➢ FEED CCS Kasawari project, awarded in 4,850 Q1 2022 ➢ Rosmari-Marjoram gas project,
Slide 20: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 21: Share Price Performance and Shareholding Information
[Open] Share Price Performance and Shareholding Information SHARE PRICE (JAN – DEC ’22) SHAREHOLDING INFORMATION RM 0.48% 0.48% 0.36% 0.33% 0.77% 0.80 RM0.66 3.69% 3.69% 3.69% 3.69% 05/12/2022 9.09% 8.50% 8.50% 8.50% 8.50% 5.17% 5.17% 5.24% 5.24% 8.50% 0.70 15.66% 15.66% 15.71% 15.74% 15.14% 0.60 0.
Slide 22: Agenda
AGENDA 01 Business Highlights 02 Ongoing Projects 03 Financials 04 Share Price & Shareholding 05 Tenders & Key Result Areas
Slide 23: Tenders and Key Result Areas
[Open] Tenders and Key Result Areas Heavy Engineering Tenders Worth Approximately RM10 to RM11 billion have been submitted as of December 2022 Strategy & Initiatives • Continue building internal capability to be competent and competitive in order to improve value proposition • Explore opportunities
Slide 24: Thank You
THANK YOU
Malaysia Marine and Heavy Engineering Holdings Berhad — Q4 2022 Earnings Presentation on 6ix