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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, Operations and Maintenance, 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 2021 MYRUSD
Revenue5,347.82M1,273.26M
Gross Profit617.33M146.98M
Operating income293.17M69.80M
Income before tax-190.55M-45.36M
Net income-160.87M-38.30M
EBITDA836.69M199.21M
Diluted EPS-0.01-0.00
Dividends Per Share00
Total Assets22,665.10M5,606.70M
Total liabilities13,728.35M3,396.00M
Total equity8,945.57M2,212.88M
Operating cash flow-239.27M-56.96M
Currency in MYRCurrency in USD

Historical Data

 Jan 2017Jan 2018Jan 2019Jan 2020Jan 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 2017Jan 2018Jan 2019Jan 2020Jan 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 margin5.48%
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
Last Updated on 22 Oct, 2021

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