Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q2 2019 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Aug 30, 2019
Slide 1: 2nd Quarter Ended 30 June 2019 Results
2nd Quarter Ended 30 June 2019 Results 30 August 2019
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 revenue for 2Q19 at RM1.75 billion and YTD 2019 at 3.5 billion were both 14% above last year (RM’ Million) 2Q19 2Q18 Change YTD 2019 YTD 2018 Change with higher contribution from all Divisions except for Revenue 1,745.8 1,529.5 14% 3,495.7 3,057.7 14
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) 2Q19 2Q18 Change 2Q19 2Q18 Change YTD 2019 YTD 2018 Change YTD 2019 YTD 2018 Change Plantation 80.0 107.9 (26%) (4.1) 7.2 (157%) 206.2 229.1 (10%) 3.6 29.6 (88%) Property 1 435.5 273.9 59% 173.5 167.7 3% 920.0 588.
Slide 6: Group segment results – 2nd Quarter
Group segment results – 2nd Quarter Building Materials Trading 3% 7% Plantation Automotive Building 4% 1% Materials 12% Property 24% Operating Revenue Credit Profit Trading 2Q19 Credit 25% 2Q19 34% 4% Property Automotive 64% 22% Building Materials 2% Plantation Trading 3% Plantation 7% Building 7% A
Slide 7: Group segment results – YTD June
Group segment results – YTD June Building Materials 3% Plantation Building 6% Trading Materials 6% 12% Property 25% Credit 22% Operating Trading Revenue Profit 33% YTD 2019 YTD 2019 Credit 4% Property Automotive 69% 20% Plantation Automotive 5% 2% Plantation Trading Building 7% 6% Materials 15% Prop
Slide 8: Operations review
SECTION 2 Operations review
Slide 9: Plantations: Results affected by lower average selling prices
Plantations Results affected by lower average selling prices Revenue for 2Q19 was impacted by lower average selling prices of CPO and PK; and lower sales volume of CPO due to timing of 2Q Revenue YTD Revenue deliveries. Consequently, operating loss was recorded for the current RM’ Mil RM’ Mil 229.
Slide 10: Property Investment and Development
Property Investment and Development Higher contribution from projects and construction segments 2Q Revenue YTD Revenue Revenue and Operating Profit for 2Q19 and RM’ Mil RM’ Mil 920.0 YTD were higher than last year with higher 435.5 500 1,000 contribution from project and construction 400 273.9 800
Slide 11: Credit Financing
Credit Financing Results supported by higher loan base and lower NPL ratio 2Q Revenue YTD Revenue Loan base as at June 2Q19 grew by 20% to RM’ Mil RM’ Mil RM3.96 billion (June 2018: RM3.3 billion) 80.2 200 156.4 100 with growth from both term loan and industrial 69.9 137.2 80 150 hire purchase por
Slide 12: Automotive
Automotive Revenue growth from aftersales segment and CV business Revenue for 2Q19 and YTD were above last year by 2Q Revenue YTD Revenue 12% and 4% respectively with higher contribution from RM’ Mil 390.9 RM’ Mil 705.9 the aftersales segment and contribution from the 350.2 680.2 400 800 commercia
Slide 13: Trading
Trading Higher 2Q19 revenue for both fertilizers trading and general trading businesses The Division comprises of the fertilizers trading and 2Q Revenue YTD Revenue general trading businesses. RM’ Mil RM’ Mil 800 614.3 1,209.8 Revenue for 2Q19 was above last year by 14% with 536.7 1,500 1,059.0
Slide 14: Building Materials
Building Materials Improved operating profit post rationalization exercise 2Q Revenue YTD Revenue The Division comprises the quarry, asphalts and bricks businesses; manufacturing and trading of building RM’ Mil 476.4 RM’ Mil 253.2 422.9 materials by MMSB and trading of building materials 300 209.9
Slide 15: Thank You
@ HAP SENG aon
Hap Seng Consolidated Berhad — Q2 2019 Earnings Presentation on 6ix