Sapura Energy Bhd.
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- Sapura Energy's net loss widens, warns of challenging times Dec 5, 2019
- Blurry turnaround prospects weigh on Sapura Energy Sep 30, 2019 See more articles on 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
Financial Highlights
| Jan 2021 | MYR | USD |
| Revenue | 5,347.82M | 1,273.26M |
| Gross Profit | 617.33M | 146.98M |
| Operating income | 293.17M | 69.80M |
| Income before tax | -190.55M | -45.36M |
| Net income | -160.87M | -38.30M |
| EBITDA | 836.69M | 199.21M |
| Diluted EPS | -0.01 | -0.00 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 22,665.10M | 5,606.70M |
| Total liabilities | 13,728.35M | 3,396.00M |
| Total equity | 8,945.57M | 2,212.88M |
| Operating cash flow | -239.27M | -56.96M |
| Currency in MYR | Currency in USD |
Historical Data
| Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | Jan 2021 | |
| Revenue | 7,651.32M | 5,050.64M | 4,568.43M | 6,449.15M | 5,347.82M |
| Gross Profit | 1,664.99M | 603.44M | 231.67M | -492.36M | 617.33M |
| Operating income | 1,116.36M | 174.41M | -265.17M | -813.06M | 293.17M |
| Income before tax | 385.24M | -2,550.37M | -2,574.90M | -4,706.74M | -190.55M |
| Net income | 208.31M | -2,724.53M | -2,713.46M | -4,560.80M | -160.87M |
| EBITDA | 2,333.80M | 1,026.75M | 417.35M | -288.14M | 836.69M |
| Diluted EPS | 0.03 | -0.42 | -0.40 | -0.28 | -0.01 |
| Dividends Per Share | 0.01 | 0 | 0 | 0 | 0 |
| Total Assets | 37,449.26M | 29,992.76M | 33,576.26M | 22,748.34M | 22,665.10M |
| Total liabilities | 24,368.95M | 20,542.40M | 19,705.02M | 13,573.67M | 13,728.35M |
| Total equity | 13,076.11M | 9,449.96M | 13,875.06M | 9,182.52M | 8,945.57M |
| Operating cash flow | 2,776.83M | 866.22M | -453.99M | -424.06M | -239.27M |
| Jan 2017 | Jan 2018 | Jan 2019 | Jan 2020 | Jan 2021 | |
| Revenue | 1,842.49M | 1,186.37M | 1,128.19M | 1,557.87M | 1,273.26M |
| Gross Profit | 400.94M | 141.74M | 57.21M | -118.93M | 146.98M |
| Operating income | 268.82M | 40.96M | -65.48M | -196.40M | 69.80M |
| Income before tax | 92.77M | -599.07M | -635.87M | -1,136.97M | -45.36M |
| Net income | 50.16M | -639.98M | -670.09M | -1,101.72M | -38.30M |
| EBITDA | 561.99M | 241.18M | 103.06M | -69.60M | 199.21M |
| Diluted EPS | 0.00 | -0.09 | -0.10 | -0.06 | -0.00 |
| Dividends Per Share | 0.00 | 0 | 0 | 0 | 0 |
| Total Assets | 8,454.51M | 7,694.89M | 8,197.33M | 5,551.08M | 5,606.70M |
| Total liabilities | 5,501.51M | 5,270.32M | 4,810.79M | 3,312.26M | 3,396.00M |
| Total equity | 2,952.05M | 2,424.46M | 3,387.46M | 2,240.73M | 2,212.88M |
| Operating cash flow | 668.68M | 203.47M | -112.11M | -102.43M | -56.96M |
Valuation Measures
| Jan 2021 | |
| PER | -- |
| ROA | -0.70% |
| ROE | -1.77% |
| Operating margin | 5.48% |
| Profit margin | -3.00% |
Key executives
- Group CEO & Non-Independent Executive Director: Muhammad Anuar bin Taib
- Chief Executive Officer-Operation & Maintenance: Mohamad Nasri bin Mehat
- Chief Financial Officer: Seng Heng Chew
- Group Head-Legal, Compliance & General Counsel: Nik Azli Abu Zahar
- SVP-Exploration & Production: Kris Azman
Shareholders
- Permodalan Nasional Bhd. (39.5%)
- Sapura Holdings Sdn. Bhd. (12.8%)
- Kumpulan Wang Persaraan (2.8%)
- Jurudata Sdn. Bhd. (1.9%)
- The Vanguard Group, Inc. (1.8%)
- BlackRock Investment Management (UK) Ltd. (1.2%)
- BIN SHAMSUDDIN SHAHRIL (1.0%)
- Dimensional Fund Advisors LP (0.8%)
- CHAI KIN LOONG (0.5%)
- Keen Capital Investments Ltd. (0.5%)
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 Global Services Sdn. Bhd.
- Sapura Upstream Assets Sdn. Bhd.
- Sapura Energy Services Sdn. Bhd.
- SapuraKencana FLB-1 Pte Ltd.
- Sapura 3000 Pte Ltd.
- Sapurakencana 1200 Pte Ltd.
- Sapura Subsea Services Sdn. Bhd.
- SE Petroleum Bhd.
- Sapura Management Services Sdn. Bhd.
- Sapura Perdana Sdn. Bhd.
- Crest Hidayat (L) Ltd.
- Sapura Pinewell Sdn. Bhd.
- Sapura Drilling Asia Sdn. Bhd.
- Sapura GeoSciences Sdn. Bhd.
- Sapura Energy do Brasil Ltda.
- Sapura Upstream Sdn. Bhd.
- SapuraKencana Energy Sarawak, Inc.
- SapuraKencana Drilling Holdings Ltd.
- Sapura Fabrication Sdn. Bhd. (Malaysia)
- Sapurakencana Energy Sdn. Bhd.
- Kencana Pinewell Sdn. Bhd.
- Sapura 900 Pte Ltd.
- Total Marine Technology (Malaysia) Sdn. Bhd.
- Sapura Energy Ventures Sdn. Bhd.
- Petcon (Malaysia) Sdn. Bhd.
- Sapura Drilling Probadi Sdn. Bhd.
- SapuraCrest Ventures Sdn. Bhd.
- Sapura Petroleum Sdn. Bhd.
- Sapura Marine Engineering Sdn. Bhd.
- Newfield Malaysia Holding Inc.
Competitors
- Deleum Bhd.
- Coro Energy Plc
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Last Updated on 22 Oct, 2021
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