Corporate Presentationapp.pmgasia.com/InvestAsean2018/pdf/Dialog_26032018.pdf · 2018. 4. 2. ·...
Transcript of Corporate Presentationapp.pmgasia.com/InvestAsean2018/pdf/Dialog_26032018.pdf · 2018. 4. 2. ·...
DIALOG GROUP BERHAD
Corporate Presentation
Mar 2018
DIALOG GROUP BERHAD
Corporate Presentation
A leading Integrated Technical Services
Provider for the Oil, Gas & Petrochemical
Industry
About Us
23/03/2018 Strictly Business Confidential 2
2,500 Employees
Nine Countries
16.2bil Market Capitalisation
RM 1984 Founded
(as at 22 Mar 2018)
Corporate Presentation
Core Services & Strategic Outlook
23/03/2018 Strictly Business Confidential 3
Midstream
Downstream
Upstream
Logistics Assets & Services – Tank Terminals & Supply Base
Upstream Assets & Services
OUR MIDSTREAM
INVESTMENTS
• Engineering, Procurement, Construction & Commissioning
• Specialist Products & Services
• Plant Maintenance & Catalyst Handling Services
• Fabrication
• ePayment Technology & Solutions
OUR UPSTREAM
INVESTMENTS
OUR INTEGRATED TECHNICAL SERVICES
Corporate Presentation
Logistics
23/03/2018 Strictly Business Confidential 4
Tank Terminals,
LNG Facilities &
Supply Base
Long Term Recurring Income
Leveraging on Our Integrated
Services
Owner / Operator Long Term Sustainable
Income
Corporate Presentation
Logistics
23/03/2018 Strictly Business Confidential 5
Kertih Centralised Tankage Facilities
(KTSB)
Langsat Tank Terminals Facility
(LgT1, LgT2 and LgT3)
Jubail Offshore Supply Base
Pengerang Independent Terminal
(PITSB)
Pengerang LNG Facilities
(PLNG2)
Pengerang, Johor
Pengerang, Johor
Tanjung Langsat, Johor
Kertih, Terengganu
Saudi Arabia
Pengerang Terminal 2
(PT2SB) Pengerang, Johor
Johor
Terengganu
Kuala Lumpur
Saudi Arabia
Corporate Presentation
Pengerang Deepwater Terminal & LNG Terminal
23/03/2018 Strictly Business Confidential 6
680 acres Deepwater Sheltered 650 acres
PITSB
PLNG2 SPV4
PT2SB
Future
Buffer Land
Tg Kapal
Tg Ayam
DIALOG Fabricator Pengerang
Facility (DFPF)
440 acres reclaimed to date
240 acres to be reclaimed
Buffer land and Industrial Estate
To be reclaimed Jetty facilities capable of handling VLCCs and ULCCs
Harbor
(24 metres)
Buffer Land
Corporate Presentation
Phase 1: Pengerang Independent Terminal (PITSB)
23/03/2018 Strictly Business Confidential 7
51% 49%
90% 10%
Johor State (S.S.I)
Six berths
150 acres 2 billion
1.3 mil m3 600,000 m3
Land Area Value
Storage Capacity Available for Expansion
• World’s Largest Independent
Tank Storage Service Provider
• Operates in 25 Countries
• 67 Terminals Worldwide
• Total storage capacity of 35.9
million cubic metres
• Annual Turnover EUR1.347
billion (FY2016)
Storage, Blending,
Distribution of Crude
Oil & Petroleum
Products
RM OUR PARTNER
430,000 m3
Phase 1E Current
Expansion
2019
Commissioning for
Phase 1E Expansion
Phase 1E Expansion
Corporate Presentation 23/03/2018 Strictly Business Confidential 8
40% 10%
Johor State (S.S.I)
PRPCUF (Petronas)
25%
Dedicated Industrial Terminal for Refinery and Petrochemical Integrated Development (“RAPID”) Complex
25%
157 acres 6.3 bil 2.1 mil m3
12 berths
Artist’s Impression
*
* Approximate
Land Area Storage Capacity Value
RM
EPCC by DIALOG
Handling, Storage,
Distribution of Crude Oil,
Petroleum, Chemical &
Petrochemical
Feedstock, Products &
By-Products
*
5.5 bil RM *
Target Completion & Commissioning by 2019
Shareholders Agreement Signed 19 Dec 2014
Phase 2: Pengerang Terminals (Two) (PT2SB)
Corporate Presentation
Artist’s Impression
23/03/2018 Strictly Business Confidential 9
65% 10%
Johor State (S.S.I)
Petronas Gas
25%
Pengerang LNG (Two) Sdn Bhd
One unit
2.7 Bil Two units of
200,000 m3
*
Project Value
RM
Peninsular Gas
Utilisation Pipeline
System
Can be injected into
Pengerang
Integrated
Complex
Supplied to
Of Regasification
Unit
LNG Storage Tanks
Liquefied Natural Gas (LNG) Regasification Facilities
Shareholders Agreement
3.5 mil metric tonnes p.a.
Signed 14 Nov 2014
Initial Send Out Capacity
1.5 Bil *
EPCC by
Various Contractors
RM
Commercial Operation Nov 2017
* Approximate
Phase 2: Pengerang LNG2 (PLNG2)
Corporate Presentation
Kertih Centralised Tankage Facilities (KTSB)
23/03/2018 Strictly Business Confidential 10
400,000 m3
Take or Pay
3.2 mil m3
20 years
• Petronas Chemicals
Ammonia Sdn Bhd
• Petronas Chemicals
Olefins, Glycols &
Derivatives
• Petronas Chemicals
Aromatics Sdn Bhd
• BP Petronas Acetyls
Sdn Bhd
DIALOG 30%
Vopak 30%
Petronas 40%
Storage Capacity
Concept
Throughput 88% Guaranteed by users
Agreement with users
OUR USERS 20 Years Agreement
Handling, Storage &
Distribution of
Chemicals,
Petrochemical Feed
Stock Products,
Petroleum Products
& By-Products
Corporate Presentation
Langsat Tank Terminals Facility
23/03/2018 Strictly Business Confidential 11
747,000 m3 Term
30 years 85 acres
Dialog Terminals
Sdn Bhd*
100%
20% 80%
• Global energy trader
• One of the largest
independent oil trader
• USD98.1 billion Group Turn
Over (FY2016)
• USD41.2 billion Total Assets
(FY2016)
• 61 offices in 36 countries
worldwide
Storage, Blending,
Distribution of
Petroleum Products
& By-Products
Land Area
Storage Capacity
Concession
Agreement
OUR PARTNER
* Dialog Terminals Sdn Bhd formerly known as Centralised Terminals Sdn Bhd
** Approximate
200,000 m3
Available for Expansion
**
100%
Corporate Presentation
Jubail Offshore Supply Base
23/03/2018 Strictly Business Confidential 12
Vessels Call & Berthing
Offshore Operation Support Vessels
Crew Change
Imported Materials & Supplies – Stored, Assembled & Prefabricated
Single-point Interface with
Relevant Authorities
Bunker Fuel & Potable Water
Offshore Facilities Equipments for
Repair & Maintenance
Central Life Raft Inspection & Buoy Maintenance Centre
4.54 hectares
Centralised
Services
Integrated Offshore Supply Base
Land Area
Saudi Arabia
Malaysia
Al Jubail
Corporate Presentation
DIALOG Upstream
23/03/2018 Strictly Business Confidential 13
Mature Fields
BAYAN Oilfields Services Contract (OSC)
Mature Fields
D35 / D21 / J4 Production Sharing Contract (PSC)
JV Company
JV Partners
DIALOG Interest
Project Duration
Work Scope
Halliburton Bayan Petroleum Sdn Bhd
Unincorporated
50% 20%
24 years (year 2036) 20 years (year 2034)
Enhance the recoverable reserves
over the Bayan Fields through:-
Production Enhancement
Activities, Oil Development and
Prospect Appraisal
Field re-development and
enhancement of oil recovery to
commercially encourage progressive
incremental oil development over full
life of PSC
Asia Energy Services Sdn Bhd
50%
E&P Malaysia Ventures Sdn Bhd
30% 40% 10%
Production Company in Mature Fields
Bayan
D35 PSC
Corporate Presentation
Integrated Technical Services
23/03/2018 Strictly Business Confidential 14
Specialist Products & Services
Engineering, Procurement, Construction & Commissioning
Plant Maintenance & Catalyst Handling Services
Fabrication
ePayment Technology & Solutions
Corporate Presentation
Specialist Products & Services – Selected Customers Profile
23/03/2018 Strictly Business Confidential 15
Base Oil Solid Expandable Tubular (SET™)
Swellable Elastomers
Catalyst
PETRONAS
SHELL
EXXON MOBIL
NIPPON OIL
TALISMAN
CARIGALI HESS
PETROFAC
MURPHY OIL
BHP
NEWFIELD
CPOC
TOTAL
MALAYSIA
PETRONAS
ESSAR OIL
TWINZA OIL
PTTEP MYANMAR
MYANMAR
CHEVRON
PTTEP
CAMBODIA
PTTEP
COASTAL ENERGY
CHEVRON
STAR PETROLEUM
ESSO SRIRACHA
PTTAR
THAI OIL
THAILAND
PETROVIETNAM
CARIGALI VIETNAM
VIETSOVPETRO
VIETNAM
CHEVRON
SHELL CHINA
PETROCHINA
SINOPEC
CNOOC
CHINA
SHOWA SHELL
JAPAN
PERTAMINA
CONOCOPHILLIPS
BP TANGGUH
CHEVRON
VICO
PT BAKER HUGHES
PT BAROID
PT TRIGUNA
PETROCHINA
TALISMAN
KALTIM 5
NIKO RESOURCES
INDONESIA
ONGC
CAIRN ENERGY
OILEX LTD
HOEC
INDIA
SEIC
RUSSIA
CHEVRON
BRAZIL
HALLIBURTON OMAN
RAK PETROLEUM
MI GULF SERVICES
MI SWACO
DUBAI PETROLEUM
DNO
PETROLEUM DEV OMAN
MIDDLE EAST
SABIC
CHEVRON
GULF FARABI
SAHARA PETROCHEM
HALLIBURTON
ARAMCO
SAUDI
CHEVRON
BANGLADESH
CAIRN ENERGY
SRI LANGKA
ANADARKO
SHELL
BRITISH GAS
ANA INDUSTRIES LTD
AP OIFIELD
MI SWACO
AFRICA
HALLIBURTON
MI DRILLING
BAKER HUGHES
CHEVRON
APACHE
EXXON MOBIL
HESS
SHELL
AUSTRALIA
SHELL
TAG OIL
NEW ZEALAND
GREYMOUTH PETROLEUM
CHILE
Corporate Presentation 23/03/2018 Strictly Business Confidential 16
Our Technology Partners
23/03/2018 Strictly Business Confidential 16
Corporate Presentation 23/03/2018 Strictly Business Confidential 17
Plant Maintenance & Catalyst Handling Services
Corporate Presentation
Plant Maintenance & Catalyst Handling Services
23/03/2018 Strictly Business Confidential 18
Diagnostic Inspection Services Plant Revamp, Rejuvenation & Debottlenecking Tower & Tray Repair & Upgrade Turnaround & Shutdown Mechanical Specialist Services Long Term Maintenance Services Catalyst Handling Services Tank Cleaning
Efficiency
Environment
Quality
•Minimum Inert Entry
•Reduced Attrition
•Zero Dust Emission
•Speed 200 litre drum/
minute
•Reduce Catalyst
Handling Duration
Safety
Cost Productivity
CATALYST
UTILISATION
Corporate Presentation 23/03/2018 Strictly Business Confidential 19
Engineering, Procurement, Construction & Commissioning
(EPCC)
Corporate Presentation 23/03/2018 Strictly Business Confidential 20
Pengerang Terminal Project
Overall Site View Mar 2017
Corporate Presentation 23/03/2018 Strictly Business Confidential 21
Langsat Bitumen Terminal Project
Corporate Presentation 23/03/2018 Strictly Business Confidential 22
Fabrication
Corporate Presentation
Fabrication
23/03/2018 Strictly Business Confidential 23
Fabrication, Skid, Vessel
Design & Build
Advanced Composites
Fiberglass Piping
System
Heavy Engineering
Fabrication (Offshore)
1. Pengerang
2. New Zealand
3. Nilai
4. Singapore
5. Gebeng
6. Labohan
7. Brisbane
1 2 3
4 5 6 7
Corporate Presentation
DIALOG’s Global Presence
23/03/2018 Strictly Business Confidential 24
MALAYSIA
Singapore
Indonesia Australia
New Zealand
China Saudi Arabia
United Arab Emirates
Reaching Out To The World 9 Countries & Worldwide Client Network
Offices
Customer Network
Thailand
Corporate Presentation 23/03/2018 Strictly Business Confidential 25
Financials
1,633.8
2,237.2 2,551.7
2,358.2 2,534.5
3,392.9
181.8
185.3
228.8
285.3 301.3
373.1
0
50
100
150
200
250
300
350
400
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2012 2013 2014 2015 2016 2017
Rev
en
ue (
RM
’millio
n)
Revenue Profit After Tax
Revenue and Profit After Tax
72% 28% Revenue Generated inMalaysia
Revenue Generatedfrom Overseas
Global Revenue Mix
Pro
fit Afte
r Tax (R
M’m
illion
)
RM0.94 bil RM2.45 bil
Revenue: RM 3.39 billion
Growth in Shareholders’ Equity
1,193.6 1,352.4 1,559.5
1,979.8 2,414.7
3,111.5
19.9
15.2 14.8
15.5
13.4 13.4
0
5
10
15
20
25
0
500
1,000
1,500
2,000
2,500
3,000
3,500
2012 2013 2014 2015 2016 2017
Shareholders' Equity Return on Shareholders' Equity
Sh
are
ho
lders
’ E
qu
ity (
RM
’millio
n)
Av
era
ge R
etu
rn o
n S
hare
ho
lders
’ E
qu
ity (“
RO
E”)(%
)
Average ROE for the last 5 years: 14.5%;
FY2017’s ROE: 13.4%
Balance Sheet
Balance Sheet
(RM’mil)
Audited
As At
30.06.2017
Cash & Bank Balances 1,425
Borrowings 1,424
Total Assets 5,817
Shareholders’ Equity 3,111
Gross Gearing Ratio (times) 0.5
Net Gearing Ratio (times) Net Cash
Corporate Presentation 23/03/2018 Strictly Business Confidential 26 Strictly Business Confidential
Dividend Records
1.4 1.4 2.4 4.4 5.4 6.5 10.3 11.6 16.7 18.7 20.9 22.5
32.1 37.5
54.6 61.3
74.2 79.9 81.3
113.0 116.9
148.9
29.8
35.7
71.4
0
20
40
60
80
100
120
140
160
180
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
To
tal
Div
iden
d (
RM
’millio
n)
Net Cash Dividend Payment Special Share Dividend
Dividend Policy of 40% Payout ratio
Financial Year
RM1,059 million dividends paid / payable since IPO in 1996 to FY2017
Compounded Annual Growth Rate
25%
50.7
73.2
152.7
Enhancing Shareholders’ Value 1996 to 2017
Financial
Year Particulars
New Shares
Issued to a
Shareholder
Free Warrants
Allotted
Cumulative Number
of Shares Held by a
Shareholder
Cumulative
Number of
Warrants Held by a
Shareholder
Cost of
Investment of a
Shareholder
1996 Initial Public Offer (“IPO”) at RM2.75 per share 1,000 RM 2,750
2000 Bonus issue : 4 for 5 800 1,800
2000 Bonus issue : 2 for 3 1,200 3,000
2001 Bonus issue : 2 for 5 1,200 4,200
2002 Bonus issue : 1 for 5 840 5,040
2004 Bonus issue : 1 for 5 1,008 6,048
2004 Share split of 1 into 10 - 60,480
2006 Special share dividend : 1 for 50 1,209 61,689
2009 Special share dividend : 1 for 50 1,233 62,922
2010 Bonus issue : 2 for 5 25,168 88,090
2012 Rights Issue at RM1.20 : 2 for 10 17,618 8,809 (1 for 10) 105,708 8,809 RM 21,142
2014 Special share dividend : 1 for 125 845 70 106,553 8,879
2014 Bonus issue : 1 for 1 106,553 8,879 213,106 17,758
2017 Conversion of warrants into shares at RM1.19
per warrant 17,758 (17,758) 230,864 - RM 21,132
Total Investment RM 45,024
RETURN TO SHAREHOLDERS
Market value of shares held as at 30 September 2017 *
( plus RM43,807 dividend received from 1996 to 2017 )
RM 505,535
Compounded annual growth rate from IPO in 1996 to 2017 32%
* Closing price as at 30 September 2017 is RM2.00 per ordinary share
Corporate Presentation
The Six Pillars of Success
23/03/2018 Strictly Business Confidential 28
Our Cultures & Values
People - Passion & Commitment
Corporate Services Group
Centralised Services Group
Business Unit Group
Strategic Business Group
Business Structure
Technology & Partners
Financial Strength
Reputation & Track Records
Risk Management
Market Timing
23/03/2018 Strictly Business Confidential 29
DONATION
RM 1.00
Welfare Programmes In Malaysia
23/03/2018 Strictly Business Confidential
30
Current Situation
Poor & Needy Welfare
Organisations
Donors
Donors MAY NOT KNOW:
MyKasih Programme – Welfare Aid With A Difference
•Our technology ensures your DONATIONS reach TARGETED recipients in FULL.
•Recipients PURCHASE selected FOOD ITEMS using MYKAD.
Donors Poor & Needy
?
?
DONATION
RM 1.00 RM 1.00
+
NGO
Mission
23/03/2018 Strictly Business Confidential 31
Help the Poor & Needy by
•Providing Aid for Selected Food Items
•Teaching Financial Literacy & Budgeting Skills
•Providing Tuition & Job Training to The Children
To Break the Poverty Circle
Poor & Needy NGO (e.g. Lions Club, Rotary
Club & local NGOs)
MyKasih Solution
23/03/2018 Strictly Business Confidential 32
MyKasih programme uses technology to provide an effective & efficient delivery solution
with audit trails to help Welfare & Charity Organisations to ensure the maximum value of
donations reach the targeted group
Solution and
Technology
MyKasih
Distribution Centres (e.g. Petrol Stations,
Hypermarkets)
Identify the
Poor & Needy
Donors Corporation & Individuals
Purchase selected
food using
MyKad
Settlement & Payment
Consumption Report
Database
DONATION
RM 1.00
RM 1.00
Scalability & Reach
23/03/2018 Strictly Business Confidential 33
Internet
Solution and
Technology
MyKasih
Smartcard
MyKad
OR
Smartcard
MyKad
OR Smartcard MyKad
OR
Smartcard MyKad
OR
Internet
Welfare Programme can be extended to the community anywhere in the world as long
as there is a phone line or satellite connectivity
23/03/2018 Strictly Business Confidential 34
Compounded Growth: Total Families Aided
Thank You
www.dialogasia.com