corporate presentation - dialogasia.comcorporate... · corporate presentation logistics strictly...
TRANSCRIPT
Corporate Presentation 27/03/2017 Strictly Business Confidential 2
About Us
A LEADING INTEGRATED
TECHNICAL SERVICES
PROVIDER FOR THE OIL,
GAS & PETROCHEMICAL
INDUSTRY
1984 Founded
RM8.8bil Market Capitalisation (as at 24 Feb 2017)
9 Countries
2,500 Employees
Corporate Presentation
Core Services & Strategic Outlook
27/03/2017 Strictly Business Confidential 3
Midstream
Downstream
Upstream
Logistics Assets & Services – Tank Terminals & Supply Base
Upstream Assets & Services
OUR INVESTMENTS
OUR INVESTMENTS
OUR INTEGRATED TECHNICAL SERVICES
Engineering, Procurement, Construction & Commissioning Specialist Products & Services Plant Maintenance & Catalyst Handling Services Fabrication ePayment Technology & Solutions
Corporate Presentation
Logistics
27/03/2017 Strictly Business Confidential 4
Long Term Recurring Income
Leveraging on our Integrated
Services
Owner / Operator Long Term Sustainable
Income
Tank Terminals, LNG Facilities & Supply Base
Kertih Centralised Tankage Facilities (KTSB)
Langsat Tank Terminals Facility
Malaysia
Jubail Offshore Supply Base
Pengerang Terminal SPV 1 & 2
Pengerang LNG Facilities
Corporate Presentation
Kertih Centralised Tankage Facilities (KTSB)
27/03/2017 Strictly Business Confidential 5
400,000 m3
Storage Capacity Take or Pay Concept
3.2 mil m3
Throughput 88% Guaranteed by Users
20 years Agreement with Users
Chemicals, Petrochemical Feed Stock Products, Petroleum Products, By- Products
Handling Storage Distribution USERS (20 Years Agreement):
Petronas Chemicals Ammonia Sdn Bhd,
Petronas Chemicals Olefins, Glycols &
Derivatives, Petronas Chemicals
Aromatics Sdn Bhd, BP Petronas Acetyls
Sdn Bhd.
SERVICES
DIALOG 30%
Vopak 30%
Petronas 40%
Corporate Presentation
Langsat Tank Terminals Facility
27/03/2017 Strictly Business Confidential 6
647,000 m3
Storage Capacity
Term Agreement
30 years Concession
50 acres Land Area
Puma Energy Asia Pacific BV
(Trafigura)
Centralised Terminals Sdn Bhd
Langsat Terminal (One) Langsat Terminal (Two)
55% 45%
20% 80%
• Global energy trader
• One of the largest independent oil trader
• USD127.6 billion Group Turn Over (FY2014)
• USD39.6 billion Total Assets (FY2014)
• 167 offices in 58 countries worldwide
Petroleum Products & By-Products
Storage Blending Distribution
SERVICES
Corporate Presentation 27/03/2017 Strictly Business Confidential 7 27/03/2017 Strictly Business Confidential 7
500 acres To be reclaimed
Deepwater (24 metres) Jetty facilities capable of handling VLCCs and ULCCs
Sheltered Harbor
Pengerang Deepwater Terminal & LNG Terminal
600 acres
SPV1
SPV3-LNG SPV4
SPV2
Future
Buffer Industrial Land
Tg Kapal
Tg Ayam
DIALOG Fabricator Pengerang
Facility (DFPF)
320 acres reclaimed to date 180 acres to be reclaimed
Buffer land and Industrial Estate
Corporate Presentation
Pengerang Independent Terminal (SPV1)
27/03/2017 Strictly Business Confidential 8
Pengerang Terminals Sdn Bhd
Pengerang Independent Terminals Sdn Bhd
51% 49%
90% 10%
• World’s Largest Independent Tank
Storage Service Provider
• Operates in 28 Countries
• 78 Terminals Worldwide
• Total storage capacity of 33.5 million
cubic metres
• Annual Turnover EUR1.32 billion
(FY2014)
Johor State (S.S.I)
Vopak
Six Berths
150 acres Land Area
RM2 bil Value
1.3 mil m3
Storage Capacity
Crude Oil & Petroleum Products
Storage Blending
SERVICES
Distribution
1.0 mil m3
Available For Expansion
Corporate Presentation
Pengerang Deepwater Terminal – Pengerang Terminals (Two) (SPV2)
27/03/2017 Strictly Business Confidential 9
40% 10%
Johor State (S.S.I)
PRPCUF (Petronas)
25%
Pengerang Terminals (Two) Sdn Bhd
Shareholders Agreement Signed on 19 Dec 2014
Dedicated Industrial Terminal for Refinery and Petrochemical Integrated Development (“RAPID”) Complex
25%
RM 5.5 bil EPCC by Dialog
157 acres Land Area
RM 6.3 bil Value
2.1 mil m3
Storage Capacity
Crude Oil, Petroleum, Chemical & Petrochemical Feedstock, Products and By-Products
Handling Storage
SERVICES
Distribution 12 berths
BY 2019
Target Completion & Commissioning
Artist’s Impression
*
* Approximate
*
*
Corporate Presentation
Pengerang Deepwater Terminal – Pengerang LNG (SPV3)
27/03/2017 Strictly Business Confidential 10
65% 10%
Johor State (S.S.I)
Petronas Gas
25%
Pengerang LNG (Two) Sdn Bhd
Shareholders Agreement Signed on 14 Nov 2014
Liquefied Natural Gas (LNG) Regasification Facilities
One unit of Regasification Unit
3.5 mil metric tonnes p.a. Initial Send Out Capacity
RM2.7 Bil Project Value
Two units of 200,000 m3 LNG Storage Tanks
RM1.5 Bil EPCC by various contractors
END 2017
Target Operations Supplied to Pengerang Integrated Complex
Can be Injected Into Peninsular Gas Utilisation Pipeline System
*
* Approximate
*
Corporate Presentation
Jubail Offshore Supply Base
27/03/2017 Strictly Business Confidential 11
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 Land Area
Centralised Integrated Offshore Supply Base
SERVICES
Corporate Presentation
DIALOG Upstream
27/03/2017 Strictly Business Confidential 12
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 20 years
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 27/03/2017 Strictly Business Confidential 13
Integrated Technical Services
Specialist Products & Services
Engineering, Procurement, Construction & Commissioning
Plant Maintenance & Catalyst Handling Services
Fabrication
ePayment Technology & Solutions
Corporate Presentation
Specialist Products & Services – Selected Customers Profile
27/03/2017 Strictly Business Confidential 14
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 27/03/2017 Strictly Business Confidential 15
Our Technology Partners
27/03/2017 Strictly Business Confidential 15
Corporate Presentation
Plant Maintenance & Catalyst Handling Services
27/03/2017 Strictly Business Confidential 16
Corporate Presentation
Plant Maintenance & Catalyst Handling Services
27/03/2017 Strictly Business Confidential 17
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
Engineering, Procurement, Construction & Commissioning
(EPCC)
27/03/2017 Strictly Business Confidential 18
Corporate Presentation 27/03/2017 Strictly Business Confidential 19
EPCC: Pengerang Terminal Project
Overall Site View Oct 2016
Corporate Presentation 27/03/2017 Strictly Business Confidential 20
EPCC: Langsat Bitumen Terminal Project
Corporate Presentation
Fabrication
27/03/2017 Strictly Business Confidential 21
Fabrication Yard & Workshop Facilities
Corporate Presentation
Fabrication
27/03/2017 Strictly Business Confidential 22
Fabrication, Skid, Vessel Design & Build
Advanced Composites Fiberglass Piping System
Heavy Engineering Fabrication (Offshore)
Brisbane New Zealand Gebeng Labohan Nilai Pengerang Singapore
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
27/03/2017 Strictly Business Confidential 23
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 27/03/2017 Strictly Business Confidential 24
Financials Financials
1,208.4
1,633.8
2,237.2 2,551.7
2,358.2 2,534.5
160.1
181.8 185.3
228.8
285.3
301.3
0
50
100
150
200
250
300
350
0
500
1,000
1,500
2,000
2,500
3,000
2011 2012 2013 2014 2015 2016
Rev
en
ue (
RM
’millio
n)
Revenue Profit After Tax
Revenue and Profit After Tax
64% 36% Revenue Generated inMalaysia
Revenue Generatedfrom Overseas
Global Revenue Mix
Pro
fit Afte
r Tax (R
M’m
illion
)
RM0.92 bil RM1.61 bil
Revenue: RM 2.53 billion
Growth in Shareholders’ Equity
583.1
1,193.6 1,352.4
1,559.5 1,979.8 2,414.7
28.7
19.9
15.2 14.8 15.5 13.4
0
5
10
15
20
25
30
35
0
500
1,000
1,500
2,000
2,500
3,000
2011 2012 2013 2014 2015 2016
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: 15.8%;
FY2016’s ROE: 13.4%
Balance Sheet
Balance Sheet
(RM’mil)
Audited
As At
30.06.2016
Cash & Bank Balances 944
Borrowings 875
Total Assets 4,136
Shareholders’ Equity 2,415
Gross Gearing Ratio (times) 0.4
Net Gearing Ratio (times) Net Cash
Corporate Presentation
Dividend Records
27/03/2017 Strictly Business Confidential 25 Strictly Business Confidential
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
113.0 116.0
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
To
tal
Div
iden
d (
RM
’millio
n)
Net Cash Dividend Payment Special Share Dividend
Dividend Policy of 40% Payout ratio
Financial Year
RM909 million dividends paid / payable since IPO in 1996 to FY2016
20-Year Compounded Annual Growth Rate
25%
50.7
73.2
152.7
Enhancing Shareholders’ Value 1996 to 2016
Financial
Year Particulars
New Shares
Issued to a
Shareholder
Free Warrants
Allotted
Cumulative Number
of Shares Held by a
Shareholder
Cost of Investment
of a Shareholder
1996 Initial Public Offer (“IPO”) at RM2.75 per share 1,000 RM2,750
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 RM21,142
2014 Special share dividend : 1 for 125 845 70 106,553
2014 Bonus issue: 1 for 1 106,553 8,879 213,106
Total Investment RM23,892
RETURN TO SHAREHOLDERS
Market value of shares and warrants held as at 30 September 2016
( plus RM37,689 dividend received from 1996 to 2016 )*
RM354,151
Total returns over 20 years (gross) 1,382%
Compounded annual growth rate from IPO in 1996 to 2016 31%
* Closing price as at 30 September 2016 is RM1.46 per ordinary share and RM0.30 per warrant
Corporate Presentation
The Six Pillars of Success
27/03/2017 Strictly Business Confidential 27
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
DONATION
RM 1.00
Welfare Programmes In Malaysia
27/03/2017 Strictly Business Confidential
29
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
27/03/2017 Strictly Business Confidential 30
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
27/03/2017 Strictly Business Confidential 31
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
27/03/2017 Strictly Business Confidential 32
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