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Transportation

Malaysia Airports Holdings Bhd.

  • 6.80 MYR
  • +0.03
  • +0.44%
  • Malaysia
    Apr 19, 2019
  • Ticker
    KLS(5014)
  • Prev. close
    6.77
  • Market cap (MYR)
    11,282.50M
  • Market cap (USD)
    2,723.59M
  • 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 2018 MYRUSD
Revenue4,851.70M1,202.29M
Gross Profit2,641.34M654.54M
Operating income958.88M237.62M
Income before tax780.59M193.43M
Net income669.80M165.98M
EBITDA1,846.26M457.51M
Diluted EPS0.400.10
Dividends Per Share----
Total Assets23,217.34M5,618.23M
Total liabilities15,074.46M3,647.78M
Total equity8,142.88M1,970.44M
Operating cash flow1,813.52M449.40M
Currency in MYRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 3,343.72M 3,870.20M 4,172.76M 4,651.28M 4,851.70M
Gross Profit 1,354.53M 1,851.27M 2,153.15M 2,411.54M 2,641.34M
Operating income 299.59M 477.93M 647.89M 825.37M 958.88M
Income before tax 749.32M 45.93M 183.33M 338.79M 780.59M
Net income 660.90M -16.58M 12.72M 182.25M 669.80M
EBITDA 704.85M 1,379.51M 1,500.33M 1,706.09M 1,846.26M
Diluted EPS 0.46 -0.01 0.00 0.10 0.40
Dividends Per Share 0.05 0.08 0.10 0.13 --
Total Assets 23,022.40M 22,877.40M 22,159.42M 23,199.21M 23,217.34M
Total liabilities 16,682.94M 15,034.65M 14,460.37M 15,481.30M 15,074.46M
Total equity 6,339.43M 7,843.51M 7,697.01M 7,717.90M 8,142.88M
Operating cash flow 459.05M 431.76M 1,500.19M 1,691.00M 1,813.52M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 1,021.91M 989.90M 1,007.25M 1,081.81M 1,202.29M
Gross Profit 413.97M 473.51M 519.74M 560.88M 654.54M
Operating income 91.56M 122.24M 156.39M 191.96M 237.62M
Income before tax 229.01M 11.75M 44.25M 78.79M 193.43M
Net income 201.98M -4.24M 3.07M 42.39M 165.98M
EBITDA 215.41M 352.84M 362.16M 396.80M 457.51M
Diluted EPS 0.14 -0.00 0.00 0.02 0.10
Dividends Per Share 0.01 0.02 0.02 0.03 --
Total Assets 6,584.41M 5,328.38M 4,939.68M 5,732.44M 5,618.23M
Total liabilities 4,771.32M 3,501.72M 3,223.44M 3,825.37M 3,647.78M
Total equity 1,813.07M 1,826.83M 1,715.78M 1,907.06M 1,970.44M
Operating cash flow 140.29M 110.43M 362.12M 393.30M 449.40M

Valuation Measures

Dec 2018
PER20.75
ROA2.88%
ROE8.44%
Operating margin19.76%
Profit margin13.80%

Key executives

  • Chief Executive Officer: Raja Azmi bin Raja Nazuddin
  • General Manager-Commercial Operations: Nabillah Zolifah Zolkifli
  • General Manager-Research & Planning: Veelayudan Krishnan Nair
  • General Manager-Information Technology: Radin Asrul Adza bin Radin Soenarno
  • General Manager-Risk Management & Compliance: Nasrein Fazal Sultan

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (33.2%)
  • Employees Provident Fund (13.0%)
  • Permodalan Nasional Bhd. (3.1%)
  • Kumpulan Wang Persaraan (2.2%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Asset Management North Asia Ltd. (1.7%)
  • Citigroup Global Markets Ltd. (Investment Management) (1.6%)
  • Great Eastern Life Assurance Co. Ltd. (1.2%)
  • BlackRock Fund Advisors (1.2%)
  • GIC Pte Ltd. (Investment Management) (1.1%)

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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