ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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. It operates through the following segments: Duty Free and Non-Dutiable Goods, Malaysia Airport Services, Agriculture and Horticulture, Hotel, Project and Repair Maintenance, Overseas Airport Services, and Project and Repair Maintenance. The Duty Free and Non-Dutiable Goods segment manages duty free and non-duty free outlets and provide management services in respect of retail, fashion, food, and beverage outlets at designated airports. The Malaysia 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 Overseas Airport Services segment manages, operates, and maintains the Istanbul Sabiha Gokcen International Airport (ISGIA) in Turkey. The Project and Repair Maintenance segment refers to the facilities maintenance services at Hamad International Airport. The company was founded in 1992 and is headquartered in Sepang, Malaysia.

Financial Highlights

Dec 2020 MYRUSD
Revenue1,866.34M444.13M
Gross Profit423.05M100.67M
Operating income-174.20M-41.45M
Income before tax-1,752.28M-416.99M
Net income-1,173.85M-279.34M
EBITDA435.54M103.64M
Diluted EPS-0.70-0.16
Dividends Per Share----
Total Assets20,278.91M5,041.37M
Total liabilities13,177.41M3,275.92M
Total equity7,101.50M1,765.44M
Operating cash flow-261.17M-62.15M
Currency in MYRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 4,172.76M 4,651.28M 4,851.70M 5,213.10M 1,866.34M
Gross Profit 2,153.15M 2,411.54M 2,641.34M 2,916.05M 423.05M
Operating income 647.89M 825.37M 958.88M 1,227.97M -174.20M
Income before tax 183.33M 338.79M 780.59M 624.43M -1,752.28M
Net income 12.72M 182.25M 669.80M 479.54M -1,173.85M
EBITDA 1,500.33M 1,706.09M 1,846.26M 2,169.44M 435.54M
Diluted EPS 0.00 0.10 0.40 0.28 -0.70
Dividends Per Share 0.10 0.13 0.14 0.15 --
Total Assets 22,159.42M 23,199.21M 23,217.34M 22,182.65M 20,278.91M
Total liabilities 14,460.37M 15,481.30M 15,074.46M 13,855.12M 13,177.41M
Total equity 7,697.01M 7,717.90M 8,142.88M 8,327.53M 7,101.50M
Operating cash flow 1,500.19M 1,691.00M 1,813.52M 1,889.90M -261.17M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,007.25M 1,081.81M 1,202.29M 1,258.29M 444.13M
Gross Profit 519.74M 560.88M 654.54M 703.85M 100.67M
Operating income 156.39M 191.96M 237.62M 296.39M -41.45M
Income before tax 44.25M 78.79M 193.43M 150.72M -416.99M
Net income 3.07M 42.39M 165.98M 115.74M -279.34M
EBITDA 362.16M 396.80M 457.51M 523.64M 103.64M
Diluted EPS 0.00 0.02 0.10 0.06 -0.16
Dividends Per Share 0.02 0.03 0.03 0.03 --
Total Assets 4,939.68M 5,732.44M 5,618.23M 5,422.96M 5,041.37M
Total liabilities 3,223.44M 3,825.37M 3,647.78M 3,387.14M 3,275.92M
Total equity 1,715.78M 1,907.06M 1,970.44M 2,035.82M 1,765.44M
Operating cash flow 362.12M 393.30M 449.40M 456.17M -62.15M

Valuation Measures

Dec 2020
PER--
ROA-5.52%
ROE-15.21%
Operating margin-9.33%
Profit margin-62.89%

Key executives

  • Group Chief Executive Officer: Mohammad Shukrie bin Mohammad Salleh
  • Group Chief Financial Officer: Mohamed bin Rastam Shahrom
  • Chief Information Officer: Yiang Ming Lee
  • General Manager-Risk Management & Compliance: Nasrein Fazal Sultan
  • Head-Guest Advocacy: Suradini Abdul Ghani

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (33.2%)
  • Employees Provident Fund (14.7%)
  • Kumpulan Wang Persaraan (5.5%)
  • Permodalan Nasional Bhd. (5.0%)
  • The Vanguard Group, Inc. (1.7%)
  • Great Eastern Life Assurance Co. Ltd. (1.5%)
  • GIC Pte Ltd. (Investment Management) (1.4%)
  • Black Creek Investment Management, Inc. (1.3%)
  • 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

    Last Updated on 11 Jun, 2021

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

    Stay ahead with our exclusives on Asia;
    the most dynamic market in the world.

    Stay ahead with our exclusives on Asia

    Get trusted insights from experts within Asia itself.

    Get trusted insights from experts
    within Asia itself.

    Try 1 month for $0.99

    You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

    This is your last free article this month

    Stay ahead with our exclusives on Asia; the most
    dynamic market in the world
    .

    Get trusted insights from experts
    within Asia itself.

    Try 3 months for $9

    Offer ends January 31st

    Your trial period has expired

    You need a subscription to...

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers and subscribe

    Your full access to Nikkei Asia has expired

    You need a subscription to:

    • Read all stories with unlimited access
    • Use our mobile and tablet apps
    See all offers
    NAR on print phone, device, and tablet media

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more