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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 2021 MYRUSD
Revenue1,672.99M403.59M
Gross Profit348.71M84.12M
Operating income-476.19M-114.87M
Income before tax-1,028.47M-248.11M
Net income-823.93M-198.76M
EBITDA138.46M33.40M
Diluted EPS-0.49-0.11
Dividends Per Share00
Total Assets21,232.40M5,096.59M
Total liabilities14,977.74M3,595.23M
Total equity6,254.65M1,501.35M
Operating cash flow54.08M13.04M
Currency in MYRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 4,651.28M 4,851.70M 5,213.10M 1,866.34M 1,672.99M
Gross Profit 2,411.54M 2,641.34M 2,916.05M 423.05M 348.71M
Operating income 825.37M 958.88M 1,227.97M -174.20M -476.19M
Income before tax 338.79M 780.59M 624.43M -1,752.28M -1,028.47M
Net income 182.25M 669.80M 479.54M -1,173.85M -823.93M
EBITDA 1,706.09M 1,846.26M 2,169.44M 435.54M 138.46M
Diluted EPS 0.10 0.40 0.28 -0.70 -0.49
Dividends Per Share 0.13 0.14 0.15 0 0
Total Assets 23,199.21M 23,217.34M 22,182.65M 20,278.91M 21,232.40M
Total liabilities 15,481.30M 15,074.46M 13,855.12M 13,177.41M 14,977.74M
Total equity 7,717.90M 8,142.88M 8,327.53M 7,101.50M 6,254.65M
Operating cash flow 1,691.00M 1,813.52M 1,889.90M -261.17M 54.08M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 1,081.81M 1,202.29M 1,258.29M 444.13M 403.59M
Gross Profit 560.88M 654.54M 703.85M 100.67M 84.12M
Operating income 191.96M 237.62M 296.39M -41.45M -114.87M
Income before tax 78.79M 193.43M 150.72M -416.99M -248.11M
Net income 42.39M 165.98M 115.74M -279.34M -198.76M
EBITDA 396.80M 457.51M 523.64M 103.64M 33.40M
Diluted EPS 0.02 0.10 0.06 -0.16 -0.11
Dividends Per Share 0.03 0.03 0.03 0 0
Total Assets 5,732.44M 5,618.23M 5,422.96M 5,041.37M 5,096.59M
Total liabilities 3,825.37M 3,647.78M 3,387.14M 3,275.92M 3,595.23M
Total equity 1,907.06M 1,970.44M 2,035.82M 1,765.44M 1,501.35M
Operating cash flow 393.30M 449.40M 456.17M -62.15M 13.04M

Valuation Measures

Dec 2021
PER--
ROA-3.96%
ROE-12.33%
Operating margin-28.46%
Profit margin-49.24%

Key executives

  • Managing Director & Director: Iskandar Mizal bin Mahmood
  • Group Chief Financial Officer: Mohamed bin Rastam Shahrom
  • Chief Information Officer: Yiang Ming Lee
  • Head-Technical Services: Nor Azlina Binti Mohammad Isa
  • General Manager-Risk Management & Compliance: Romie Khalid

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (33.2%)
  • Employees Provident Fund (15.5%)
  • Permodalan Nasional Bhd. (6.2%)
  • Kumpulan Wang Persaraan (6.0%)
  • AIA Bhd. (2.1%)
  • Great Eastern Life Assurance Co. Ltd. (1.9%)
  • The Vanguard Group, Inc. (1.7%)
  • Black Creek Investment Management, Inc. (1.3%)
  • BlackRock Fund Advisors (1.0%)
  • Guardians of New Zealand Superannuation (0.9%)

Contact Details

Related Companies

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  • MA Elogistics Sdn. Bhd.
  • Malaysia International Aerospace Centre Sdn. Bhd.
  • Airport Ventures Sdn. Bhd.
  • Malaysia Airports International Sdn. Bhd.
  • KL International Airport Bhd.
  • Malaysia Airports (Labuan) Pvt Ltd.
  • Malaysia Airports (Properties) Sdn. Bhd.
  • Malaysia Airports Cities Sdn. Bhd.
  • SGC 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.
  • 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 4 Oct, 2022

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