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Industrial Services

Sapura Energy Bhd.

Company Background

Sapura Energy is an upstream player in the oil and gas industry, providing an entire value chain of exploration, development, production, rejuvenation and decommissioning services. The Malaysian company was born out of a merger between SapuraCrest Petroleum and Kencana Petroleum in 2011. SapuraKencana's core businesses are divided into offshore construction and subsea services (OCSS), fabrication, hookup and commissioning, and drilling and energy services.

 

OCSS involves the construction of offshore platforms and marine pipelines for oil exploration, which are supported by huge support vessels. OCSS contributes most in revenue to the group, at over 40%. The group has a presence in over 20 countries and a workforce of 12,000. As of January 2014, 70% of the group's order book came from Brazil, Southeast Asia, Australia and Africa. SapuraKencana undertakes contracts from major oil and gas players such as Chevron, Royal Dutch Shell and Malaysia's state-owned Petronas.

 

Two of its major shareholders are President and Group CEO Shahril Shamsuddin and Vice Chairman Mokhzani Mahathir, who both managed SapuraCrest and Kencana before the merger. Mokhzani is a son of former Prime Minister Mahathir bin Mohamad.

Business Summary

Sapura Energy Bhd. operates as an investment holding company. It engages in the provision of oil and gas services and solutions. The firm operates through the following segments: Engineering and Construction, Drilling, Exploration and Production and Corporate. Its services include offshore Construction & Installation, Brownfield Rejuvenation, Subsea Services, Offshore Support Vessels, Tender Assist Rigs and Semi-Tender Rigs. The company was founded on June 30, 2011 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Jan 2020 MYRUSD
Revenue6,449.15M1,557.87M
Gross Profit-492.36M-118.93M
Operating income-813.06M-196.40M
Income before tax-4,706.74M-1,136.97M
Net income-4,560.80M-1,101.72M
EBITDA-288.14M-69.60M
Diluted EPS-0.28-0.06
Dividends Per Share00
Total Assets22,748.34M5,551.08M
Total liabilities13,573.67M3,312.26M
Total equity9,182.52M2,240.73M
Operating cash flow-424.06M-102.43M
Currency in MYRCurrency in USD

Historical Data

 Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020
Revenue 10,184.03M 7,651.32M 5,050.64M 4,568.43M 6,449.15M
Gross Profit 2,532.73M 1,664.99M 603.44M 231.67M -492.36M
Operating income 1,860.95M 1,116.36M 174.41M -265.17M -813.06M
Income before tax -712.63M 385.24M -2,550.37M -2,574.90M -4,706.74M
Net income -791.55M 208.31M -2,724.53M -2,713.46M -4,560.80M
EBITDA 3,297.38M 2,333.80M 1,026.75M 417.35M -288.14M
Diluted EPS -0.13 0.03 -0.42 -0.40 -0.28
Dividends Per Share 0.01 0.01 0 0 0
Total Assets 36,491.99M 37,449.26M 29,992.76M 33,576.26M 22,748.34M
Total liabilities 24,278.98M 24,368.95M 20,542.40M 19,705.02M 13,573.67M
Total equity 12,206.95M 13,076.11M 9,449.96M 13,875.06M 9,182.52M
Operating cash flow 2,181.30M 2,776.83M 866.22M -453.99M -424.06M
 Jan 2016Jan 2017Jan 2018Jan 2019Jan 2020
Revenue 2,565.13M 1,842.49M 1,186.37M 1,128.19M 1,557.87M
Gross Profit 637.94M 400.94M 141.74M 57.21M -118.93M
Operating income 468.73M 268.82M 40.96M -65.48M -196.40M
Income before tax -179.49M 92.77M -599.07M -635.87M -1,136.97M
Net income -199.37M 50.16M -639.98M -670.09M -1,101.72M
EBITDA 830.53M 561.99M 241.18M 103.06M -69.60M
Diluted EPS -0.03 0.00 -0.09 -0.10 -0.06
Dividends Per Share 0.00 0.00 0 0 0
Total Assets 8,782.66M 8,454.51M 7,694.89M 8,197.33M 5,551.08M
Total liabilities 5,843.31M 5,501.51M 5,270.32M 4,810.79M 3,312.26M
Total equity 2,937.89M 2,952.05M 2,424.46M 3,387.46M 2,240.73M
Operating cash flow 549.42M 668.68M 203.47M -112.11M -102.43M

Valuation Measures

Jan 2020
PER--
ROA-16.19%
ROE-39.56%
Operating margin-12.60%
Profit margin-70.71%

Key executives

  • President, Group CEO & Executive Director: Shahril bin Shamsuddin
  • Senior Vice President-Operations: Ahmad Zakiruddin Mohamed
  • Group Chief Financial Officer: Reza bin Abdul Rahim
  • SVP-Exploration & Production: Kris Azman
  • SVP-Financial Advisory & Portfolio Planning: Mei Mei Chow

Shareholders

  • Permodalan Nasional Bhd. (38.1%)
  • Sapura Holdings Sdn. Bhd. (12.8%)
  • Kumpulan Wang Persaraan (2.7%)
  • Jurudata Sdn. Bhd. (1.9%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Investment Management (UK) Ltd. (1.7%)
  • Bumiputra Investment Foundation (1.3%)
  • Norges Bank Investment Management (1.2%)
  • BIN SHAMSUDDIN SHAHRIL (1.0%)
  • Dimensional Fund Advisors LP (0.9%)

Contact Details

  • Website:http://www.sapuraenergy.com
  • Address: Mines Resort City, No. 7, Jalan Tasik, Kuala Lumpur, 43300, Malaysia
  • Phone: +60.3.8659.8800

Related Companies

  • Sapura Upstream Sdn. Bhd.
  • SapuraKencana Services Sdn. Bhd.
  • SapuraKencana Energy Sarawak, Inc.
  • SapuraKencana Drilling Holdings Ltd.
  • Sapurakencana Hl Sdn. Bhd.
  • SapuraKencana Australia Pty Ltd.
  • Sapurakencana Energy Sdn. Bhd.
  • Kencana Pinewell Sdn. Bhd.
  • SapuraKencana 900 Pte Ltd
  • Aurabayu Sdn. Bhd.
  • Sapura Energy Ventures Sdn. Bhd.
  • Petcon (Malaysia) Sdn. Bhd.
  • Probadi Sdn. Bhd.
  • SapuraCrest Ventures Sdn. Bhd.
  • Sapura Petroleum Sdn. Bhd.
  • Crest Marine Engineering Sdn. Bhd.
  • Newfield Malaysia Holding Inc.
  • Sapurakencana Drilling Pte. Ltd.
  • Sapura TMC Sdn. Bhd.
  • Geomark Sdn. Bhd.
  • Momentum Energy Sdn. Bhd.
  • Kencana Torsco Sdn. Bhd.
  • Kencana Energy Bhd.
  • Kencana Bestwide Sdn. Bhd.
  • Sapurakencana TL Offshore Sdn. Bhd.
  • TL Geosciences Sdn. Bhd.
  • Kencana Petroleum Ventures Sdn. Bhd.
  • Bayu Padu Sdn. Bhd.
  • Kencana HL Sdn. Bhd.
  • SapuraKencana Nautical Essence Sdn. Bhd.

Competitors

  • Coro Energy Plc
Last Updated on 23 Sep, 2020

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