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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. is an investment holding company, which 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. The Engineering and Construction segment provides end-to-end turnkey engineering, procurement, construction, installation, and commissioning solutions for the energy industry. The Operations and Maintenance segment offers a service suite for onshore plant maintenance and offshore support. The Drilling segment operates a fleet of tender-assist drilling rigs. The Exploration and Production segment provides exploration, development, and production solutions. Its services include offshore Construction and 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 2022 MYRUSD
Revenue4,100.22M986.33M
Gross Profit-1,043.93M-251.12M
Operating income-1,386.16M-333.44M
Income before tax-8,911.91M-2,143.81M
Net income-9,050.63M-2,177.18M
EBITDA-863.54M-207.73M
Diluted EPS-0.56-0.13
Dividends Per Share00
Total Assets16,068.75M3,839.14M
Total liabilities15,990.76M3,820.51M
Total equity84.97M20.30M
Operating cash flow100.67M24.21M
Currency in MYRCurrency in USD

Historical Data

 Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022
Revenue 5,050.64M 4,568.43M 6,449.15M 5,347.82M 4,100.22M
Gross Profit 603.44M 231.67M -492.36M 617.33M -1,043.93M
Operating income 174.41M -265.17M -813.06M 293.17M -1,386.16M
Income before tax -2,550.37M -2,574.90M -4,706.74M -190.55M -8,911.91M
Net income -2,724.53M -2,713.46M -4,560.80M -160.87M -9,050.63M
EBITDA 1,026.75M 417.35M -288.14M 836.69M -863.54M
Diluted EPS -0.42 -0.40 -0.28 -0.01 -0.56
Dividends Per Share 0 0 0 0 0
Total Assets 29,992.76M 33,576.26M 22,748.34M 22,665.10M 16,068.75M
Total liabilities 20,542.40M 19,705.02M 13,573.67M 13,728.35M 15,990.76M
Total equity 9,449.96M 13,875.06M 9,182.52M 8,945.57M 84.97M
Operating cash flow 866.22M -453.99M -424.06M -239.27M 100.67M
 Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022
Revenue 1,186.37M 1,128.19M 1,557.87M 1,273.26M 986.33M
Gross Profit 141.74M 57.21M -118.93M 146.98M -251.12M
Operating income 40.96M -65.48M -196.40M 69.80M -333.44M
Income before tax -599.07M -635.87M -1,136.97M -45.36M -2,143.81M
Net income -639.98M -670.09M -1,101.72M -38.30M -2,177.18M
EBITDA 241.18M 103.06M -69.60M 199.21M -207.73M
Diluted EPS -0.09 -0.10 -0.06 -0.00 -0.13
Dividends Per Share 0 0 0 0 0
Total Assets 7,694.89M 8,197.33M 5,551.08M 5,606.70M 3,839.14M
Total liabilities 5,270.32M 4,810.79M 3,312.26M 3,396.00M 3,820.51M
Total equity 2,424.46M 3,387.46M 2,240.73M 2,212.88M 20.30M
Operating cash flow 203.47M -112.11M -102.43M -56.96M 24.21M

Valuation Measures

Jan 2022
PER--
ROA-46.73%
ROE-200.44%
Operating margin-33.80%
Profit margin-220.73%

Key executives

  • Group CEO & Non-Independent Executive Director: Muhammad Anuar bin Taib
  • Chief Executive Officer-Operation & Maintenance: Mohamad Nasri bin Mehat
  • Group Chief Financial Officer: Seng Heng Chew
  • Group Head-Legal, Compliance & General Counsel: Nik Azli Abu Zahar
  • Chief Executive Officer-Engineering & Construction: Ahmad Zakiruddin Mohamed

Shareholders

  • Permodalan Nasional Bhd. (39.5%)
  • Sapura Holdings Sdn. Bhd. (10.8%)
  • Kumpulan Wang Persaraan (2.8%)
  • Jurudata Sdn. Bhd. (1.9%)
  • BIN SHAMSUDDIN SHAHRIL (1.0%)
  • Dimensional Fund Advisors LP (0.8%)
  • BlackRock Investment Management (UK) Ltd. (0.5%)
  • CHAI KIN LOONG (0.5%)
  • Keen Capital Investments Ltd. (0.5%)
  • TAN YU WEI (0.3%)

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.
Last Updated on 29 Sep, 2022

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