Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q1 2023 Earnings Presentation
14 slides from Hap Seng Consolidated Bhd's earnings presentation, May 26, 2023
Slide 1: 1st Quarter Ended 31 March 2023 Results
1st Quarter Ended 31 March 2023 Results 26th May 2023
Slide 2: Scope
Scope 1 Group Financials 2 Operations Review 2
Slide 3: Group Financials
SECTION 1 Group Financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group’s 1Q23 revenue at RM1.59b was 3% below (RM’ Million) 1Q23 1Q22 Change last year with lower contribution from Plantation, Property and Trading Divisions. Revenue 1,591.3 1,645.4 (3%) ❑ The Group’s 1Q23 operating profit at RM168.6m was Gross profit 1 3
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT (RM’ Million) 1Q23 1Q22 Change 1Q23 1Q22 Change Plantation 159.9 242.2 (34%) 32.3 125.6 (74%) Property 1 98.2 131.1 (25%) 22.8 62.3 (63%) Credit Financing 61.9 61.6 - 42.2 49.2 (14%) Automotive 467.8 371.3 26% 29.2 10.9 167% Trading 703.3 785.5 (10%) 44
Slide 6: Group segment results – 1st Quarter
Group segment results – 1st Quarter Plantation Building Materials 9% Plantation Building Materials 12% Property 15% 19% 6% Credit Property 4% Revenue Operating 11% Trading 1Q23 21% Profit Trading 1Q23 41% Credit Automotive Automotive 20% 28% 14% Building Building Materials, 6% Materials Plantation 8
Slide 7: Operations Review
SECTION 2 Operations Review
Slide 8: Plantations
Plantations 1Q23 results dampened by lower average selling prices and costs increases ❑ 1Q23 revenue was 34% lower than last year, dampened by lower average selling prices of all palm 1Q Revenue products. However, this was mitigated by higher sales volume of all palm products. RM’ Mil 1Q23 1Q22 242.
Slide 9: Property Investment and Development
Property Investment and Development Stable returns from Investment Properties 1Q Revenue ❑ The Division’s 1Q23 revenue and operating profit were lower than last year as last year results benefitted from sale of land. RM’ Mil 200 ❑ The Division continues to face challenges in a subdued property marke
Slide 10: Credit Financing
Credit Financing Lower loan base with cautious lending ❑ The Division continues to exercise prudent lending in view of the 1Q Revenue elevated interest rate and uncertainties in the global economies RM’ Mil surrounding its sectors of financing. 61.9 80 61.6 ❑ The Division’s 1Q23 revenue remained rel
Slide 11: Automotive
Automotive Improved Revenue and Operating Profits from both PV and CV segments 1Q Revenue ❑ The Division registered higher 1Q23 revenue with higher contribution from both passenger vehicles (“PV”) and commercial vehicle (“CV”) segments. RM’ Mil 600 467.8 ❑ The PV segment’s 1Q23 revenue was 34% highe
Slide 12: Trading
Trading Lower Revenue and Margin for Fertilizer Trading ❑ The Division comprises the fertilizers trading (“FT”), general trading (“GT”), 1Q Revenue and ceramic tiles business under Malaysian Mosaics Sdn Bhd (“MMSB”). RM’ Mil 703.3 785.5 900 ❑ The Division’s 1Q23 revenue and operating profit were low
Slide 13: Building Materials
Building Materials Improved results from both QBM and Hafary ❑ The Division comprises the quarry, asphalts and bricks businesses (“QBM”); and 1Q Revenue trading of building materials by Hafary (“Hafary”). RM’ Mil 202.7 ❑ The Division’s 1Q23 Revenue was 48% higher than last year with higher 250 contr
Slide 14: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q1 2023 Earnings Presentation on 6ix