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Transportation

Malaysia Airports Holdings Bhd.

  • 8.01 MYR
  • -0.02
  • -0.25%
  • Malaysia
    Nov 9, 2018
  • Ticker
    KLS(5014)
  • Prev. close
    8.03
  • Market cap (MYR)
    13,323.30M
  • Market cap (USD)
    3,189.30M
  • Shares
    1,659.19M

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 provides 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 2017 MYRUSD
Revenue4,652.33M1,082.06M
Gross Profit2,412.48M561.10M
Operating income947.72M220.42M
Income before tax334.48M77.79M
Net income178.98M41.62M
EBITDA1,828.54M425.29M
Diluted EPS0.100.02
Dividends Per Share0.130.03
Total Assets23,490.02M5,804.30M
Total liabilities15,478.71M3,824.73M
Total equity8,011.31M1,979.56M
Operating cash flow1,691.01M393.30M
Currency in MYRCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 4,098.75M 3,343.72M 3,870.20M 4,172.76M 4,652.33M
Gross Profit 1,361.81M 1,354.53M 1,851.27M 2,153.15M 2,412.48M
Operating income 488.95M 299.59M 477.93M 647.89M 947.72M
Income before tax 553.16M 749.32M 45.93M 183.33M 334.48M
Net income 377.62M 660.90M -16.58M 12.72M 178.98M
EBITDA 766.82M 704.85M 1,379.51M 1,500.33M 1,828.54M
Diluted EPS 0.29 0.46 -0.01 0.00 0.10
Dividends Per Share 0.11 0.05 0.08 0.10 0.13
Total Assets 10,523.33M 23,022.40M 22,877.40M 22,159.42M 23,490.02M
Total liabilities 5,844.96M 16,682.94M 15,034.65M 14,460.37M 15,478.71M
Total equity 4,678.30M 6,339.43M 7,843.51M 7,697.01M 8,011.31M
Operating cash flow 886.20M 459.05M 431.76M 1,500.19M 1,691.01M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 1,300.99M 1,021.91M 989.90M 1,007.25M 1,082.06M
Gross Profit 432.25M 413.97M 473.51M 519.74M 561.10M
Operating income 155.20M 91.56M 122.24M 156.39M 220.42M
Income before tax 175.58M 229.01M 11.75M 44.25M 77.79M
Net income 119.86M 201.98M -4.24M 3.07M 41.62M
EBITDA 243.39M 215.41M 352.84M 362.16M 425.29M
Diluted EPS 0.09 0.14 -0.00 0.00 0.02
Dividends Per Share 0.03 0.01 0.02 0.02 0.03
Total Assets 3,212.74M 6,584.41M 5,328.38M 4,939.68M 5,804.30M
Total liabilities 1,784.44M 4,771.32M 3,501.72M 3,223.44M 3,824.73M
Total equity 1,428.27M 1,813.07M 1,826.83M 1,715.78M 1,979.56M
Operating cash flow 281.29M 140.29M 110.43M 362.12M 393.30M

Valuation Measures

Dec 2017
PER81.46
ROA0.78%
ROE2.27%
Operating margin20.37%
Profit margin3.84%

Key executives

  • Chief Executive Officer: Raja Azmi bin Raja Nazuddin
  • General Manager-Research & Planning: Veelayudan Krishnan Nair
  • General Manager-Information Technology: Radin Asrul Adza bin Radin Soenarno
  • Head-Planning, Development & Compliance: Zainol Mohamad Isa
  • Senior GM-Non Aviation Business: Suradini Abdul Ghani

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (33.2%)
  • Employees Provident Fund (10.7%)
  • The Vanguard Group, Inc. (1.9%)
  • Great Eastern Life Assurance Co. Ltd. (1.5%)
  • Massachusetts Financial Services Co. (1.4%)
  • BlackRock Asset Management North Asia Ltd. (1.4%)
  • GIC Pte Ltd. (Investment Management) (1.3%)
  • Kuwait Investment Authority (Investment Management) (1.1%)
  • BlackRock Fund Advisors (1.1%)
  • T. Rowe Price Hong Kong Ltd. (1.0%)

Contact Details

Related Companies

  • 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 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

    Last Updated on 9 Nov, 2018

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