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Transportation

Malaysia Airports Holdings Bhd.

Company Background

Malaysia Airports Holdings manages nearly 40 airports, six of them international. It dominates its industry in Malaysia.

 

Khazanah Nasional and other state funds are the majority shareholders in the company. Malaysia Airports owns stakes in Turkey's Sabiha Gokcen International, and India's Delhi International and New Hyderabad International airports. It is led by Managing Director Badlisham Ghazali, formerly the head of a state multimedia agency.

 

Kuala Lumpur International Airport, the main gateway to Malaysia, handled more than 47 million passengers in 2013. A budget carrier terminal called KLIA2, with its own runway, opened in May 2014. The Kuala Lumpur air hub's overall annual capacity rose to 70 million people with the opening.

 

KLIA2 is considered a game changer: It is the world's biggest terminal, with the capacity to handle 45 million passengers annually, and is dedicated to budget airlines. The airport is home to Asia's biggest budget airline, AirAsia. The terminal boasts a gross floor area of 257,845 sq. meters. Another key feature is the airport's vast retail space of more than 35,000 sq. meters.

Business Summary

Malaysia Airports Holdings Bhd. is an investment company, which engages in the operations, management, and maintenance of airports in Malaysia. It operates through the following business segments: Airport Operations and Non-Airport Operations. These segments are sub divided into the following segments: Duty Free and Non-Dutiable Goods, Airport Services, Agriculture and Horticulture, Hotel, and Project and Repair Maintenance. The Duty Free and Non-Dutiable Goods segment operates duty free and non-duty free outlets and provide management services in respect of food and beverage outlets at designated airports. The Airport Services segment manages, operates, and maintains designated airports in Malaysia and offers airport related services. The Agriculture and Horticulture segment cultivates and sells oil palm and other agricultural products and provides horticulture activities. The Hotel segment manages and operates Sama-Sama Hotel K. L. International Airport and Sama-Sama Express. The Project and Repair Maintenance segment focuses on the provision of consultancy, mechanical and electrical engineering, and operations and maintenance of information and communication technology business ventures. The company was founded in 1992 and is headquartered in Sepang, Malaysia.

Financial Highlights

Dec 2019 MYRUSD
Revenue5,213.10M1,258.29M
Gross Profit2,916.05M703.85M
Operating income1,227.97M296.39M
Income before tax624.43M150.72M
Net income479.54M115.74M
EBITDA2,169.44M523.64M
Diluted EPS0.280.06
Dividends Per Share0.150.03
Total Assets22,182.65M5,422.96M
Total liabilities13,855.12M3,387.14M
Total equity8,327.53M2,035.82M
Operating cash flow1,889.90M456.17M
Currency in MYRCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 3,870.20M 4,172.76M 4,651.28M 4,851.70M 5,213.10M
Gross Profit 1,851.27M 2,153.15M 2,411.54M 2,641.34M 2,916.05M
Operating income 477.93M 647.89M 825.37M 958.88M 1,227.97M
Income before tax 45.93M 183.33M 338.79M 780.59M 624.43M
Net income -16.58M 12.72M 182.25M 669.80M 479.54M
EBITDA 1,379.51M 1,500.33M 1,706.09M 1,846.26M 2,169.44M
Diluted EPS -0.01 0.00 0.10 0.40 0.28
Dividends Per Share 0.08 0.10 0.13 0.14 0.15
Total Assets 22,877.40M 22,159.42M 23,199.21M 23,217.34M 22,182.65M
Total liabilities 15,034.65M 14,460.37M 15,481.30M 15,074.46M 13,855.12M
Total equity 7,843.51M 7,697.01M 7,717.90M 8,142.88M 8,327.53M
Operating cash flow 431.76M 1,500.19M 1,691.00M 1,813.52M 1,889.90M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 989.90M 1,007.25M 1,081.81M 1,202.29M 1,258.29M
Gross Profit 473.51M 519.74M 560.88M 654.54M 703.85M
Operating income 122.24M 156.39M 191.96M 237.62M 296.39M
Income before tax 11.75M 44.25M 78.79M 193.43M 150.72M
Net income -4.24M 3.07M 42.39M 165.98M 115.74M
EBITDA 352.84M 362.16M 396.80M 457.51M 523.64M
Diluted EPS -0.00 0.00 0.02 0.10 0.06
Dividends Per Share 0.02 0.02 0.03 0.03 0.03
Total Assets 5,328.38M 4,939.68M 5,732.44M 5,618.23M 5,422.96M
Total liabilities 3,501.72M 3,223.44M 3,825.37M 3,647.78M 3,387.14M
Total equity 1,826.83M 1,715.78M 1,907.06M 1,970.44M 2,035.82M
Operating cash flow 110.43M 362.12M 393.30M 449.40M 456.17M

Valuation Measures

Dec 2019
PER26.29
ROA2.11%
ROE5.82%
Operating margin23.55%
Profit margin9.19%

Key executives

  • Chief Executive Officer: Mohammad Shukrie bin Mohammad Salleh
  • Chief Financial Officer: Mohamed bin Rastam Shahrom
  • General Manager-Research & Planning: Veelayudan Krishnan Nair
  • Chief Information Officer: Yiang Ming Lee
  • General Manager-Risk Management & Compliance: Nasrein Fazal Sultan

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (33.2%)
  • Employees Provident Fund (14.7%)
  • Kumpulan Wang Persaraan (5.1%)
  • Permodalan Nasional Bhd. (5.0%)
  • The Vanguard Group, Inc. (1.9%)
  • Great Eastern Life Assurance Co. Ltd. (1.5%)
  • GIC Pte Ltd. (Investment Management) (1.4%)
  • Black Creek Investment Management, Inc. (1.1%)
  • BlackRock Fund Advisors (1.1%)
  • Guardians of New Zealand Superannuation (0.9%)

Contact Details

Related Companies

  • KL International Airport Bhd.
  • Malaysia Airports (Labuan) Pvt Ltd.
  • Malaysia Airports (Properties) Sdn. Bhd.
  • Malaysia Airports Cities Sdn. Bhd.
  • Malaysia Airports MSC Sdn. Bhd.
  • LGM Havalimani Isletmeleri Ticaret Ve Turizm AS
  • Sabiha Gokcen International Airport AS
  • Malaysia Airports Consultancy Services Sdn. Bhd.
  • Malaysia Airports Capital (Labuan) Ltd.
  • Malaysia Airports Capital Bhd.
  • MAB Agriculture-Horticulture Sdn. Bhd.
  • K.L. Airport Hotel Sdn. Bhd.
  • Malaysia Airports Sdn. Bhd.
  • Malaysia Airports Sepang Sdn. Bhd.
  • Malaysia Airports Niaga Sdn. Bhd.
  • MAHB (Mauritius) Pte Ltd.
  • Malaysia Airports Management & Technical Services Sdn. Bhd.

Competitors

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