Hap Seng Consolidated Bhd. · MYX:HAPSENG

Hap Seng Consolidated Bhd — Q1 2011 Earnings Presentation

13 slides from Hap Seng Consolidated Bhd's earnings presentation, May 6, 2011

  1. Slide 1: First Quarter Ended 31st March 2011 Results

    STRICTLY CONFIDENTIAL DRAFT First Quarter Ended 31st March 2011 Results 6 May 2011

  2. Slide 2: Scope

    Scope 1 Group financials 2 Operations review 1

  3. Slide 3: Group financials

    SECTION 1 © Group financials @ HAP SENG CONSOLIDATED BERHAD

  4. Slide 4: Consolidated income statement summary

    Consolidated income statement summary  Group posted strong financial (RMm) 1 Qtr FY11 1 Qtr FY10 Change (%) performance in 1st quarter 2011 over preceding year Revenue 751 587 28% corresponding quarter  Group’s revenue, gross profit Gross profit 1 191 137 39% and operating profit increased by 28%,

  5. Slide 5: Group segment results

    Group segment results Revenue Gross Profit Operating Profit Change Change Change (RMm) 1 Qtr FY11 1 Qtr FY10 (%) 1 Qtr FY11 1 Qtr FY10 (%) 1 Qtr FY11 1 Qtr FY10 (%) Plantations 144 101 42% 93 61 52% 78 50 55% Property 53 51 4% 23 1 22 1 9% 50 1 19 1 168% Automotive 174 102 70% 14 9 59% 6 2 187% Fert

  6. Slide 6: Group segment results

    Group segment results 1 Qtr FY11 Revenue 1 Qtr FY11 Operating Profit 1 Qtr FY11 Geographical Segment Quarry & Building Quarry & Building M aterials Vietnam Others Materials Plantations Credit financing 3% 9% 3% 16% 19% 10% Credit financing Fertilizers Indonesia 3% 9% 7% Property Plantations Automoti

  7. Slide 7: Operations review

    SECTION 2 © Operations review @ HAP SENG CONSOLIDATED BERHAD

  8. Slide 8: Plantations

    Plantations Strong CPO price offset inclement weather Revenue (RMm) Financial review  Revenue in 1st Qtr 2011 increased by 42% due to higher 1 Qtr FY11 1 Qtr FY10 average prices of CPO and PK despite lower CPO sales 160 144 volume 140 120 101 – CPO and PK average prices in 1st Qtr 2011 were 100 RM3

  9. Slide 9: Property

    Property Gain from sale of investment property boosted profitability Financial review Revenue (RMm)  Revenue and operating profit for property segment increased by 4% 1 Qtr FY11 1 Qtr FY10 to RM53m and 168% to RM50m respectively compared to preceding year corresponding quarter. The increased revenu

  10. Slide 10: Automotive

    Automotive Improved performance contributed by new Vietnam dealership Revenue (RMm) Financial review 1 Qtr FY11 1 Qtr FY10  Automotive revenue rose 70% in 1st Qtr 2011 to RM174m 200 174 due to higher contribution from Vietnam Star, the 180 acquisition which was completed in September 2010 160 140 

  11. Slide 11: Fertilizers

    Fertilizers Improved performance attributable to higher sales volume and improved selling price Revenue (RMm) Financial review 1 Qtr FY11 1 Qtr FY10  Total revenue increased by 13% to RM242m driven by 260 higher sales volume and improved selling price due to strong 242 fertilizer demand and continu

  12. Slide 12: Credit financing

    Credit financing Improved performance attributable to higher loan growth and significant reduction in NPL Financial review Revenue (RMm) 1 Qtr FY11 1 Qtr FY10  Revenue and operating profit registered 44% and 50% 25 21 increase to RM21m and RM17m respectively due to: 20 – Regularisation of NPL accou

  13. Slide 13: Quarry and Building Materials

    Quarry and Building Materials Sales growing with profitability impacted by start-up cost Financial review Revenue (RMm)  Revenue increased by 11% to RM121m compared to 1 st Qtr 1 Qtr FY11 1 Qtr FY10 2010, reflecting new sites that have come on stream 125  Operating profit fell 23% to RM5m due to s

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