Comfortdelgro Corporation Limited · SGX:C52
Comfortdelgro — Shareholder Meeting (April 2019)
18 slides from Comfortdelgro's shareholder meeting presentation, Apr 26, 2019
Slide 1: Sixteenth Annual General Meeting: Summary of Financial Results for FY 2018
Chart 1 COMFORTDELGRO CORPORATION LIMITED Sixteenth Annual General Meeting 26 April 2019 Summary of Financial Results for FY 2018
Slide 2: Financial Summary
Chart 2 Financial Summary FY 2018 FY 2017 Incr/(Decr) Revenue($’m) 3,805.2 3,576.4 228.8 / 6.4% Op Costs($’m) 3,366.4 3,167.2 199.2 / 6.3% Op Profit($’m) 438.8 409.2 29.6 / 7.2% Net Profit($’m) 303.3 301.5 1.8 / 0.6% EBITDA($’m) 833.1 818.0 15.1 / 1.8% EPS(Cents) 14.01 13.95 0.06 / 0.4% Dividend(Cen
Slide 3: Revenue Increased by $228.8m from $3,576.4m to $3,805.2m
Chart 3 Revenue Increased by $228.8m from $3,576.4m to $3,805.2m $3,805.2m Increase in revenue from : VOL : Existing Biz $115.7m $3,576.4m $239.9m FX Impact ($11.1)m $104.6m FX : ($11.1)m New Acquisitions $124.2m Total increase $228.8m FY 2017 FY 2018 Revenue Revenue
Slide 4: Increase in Operating Costs by $199.2m from $3,167.2m to $3,366.4m
Chart 4 Increase in Operating Costs by $199.2m from $3,167.2m to $3,366.4m $3,366.4m Increase : $208.5m $3,167.2m Favourable FX Impact : ($9.3)m FY 2017 FY 2018 Operating Operating Costs Costs
Slide 5: Operating Profit Increased by $29.6m from $409.2m to $438.8m
Chart 5 Operating Profit Increased by $29.6m from $409.2m to $438.8m $438.8m VOL : Increase in Operating Profit from : $409.2m $31.4m Existing Biz $10.7m FX Impact ($1.8)m FX: $8.9m ($1.8)m New Acquisitions $20.7m Total increase $29.6m FY 2017 FY 2018 Operating Operating Profit Profit
Slide 6: Contribution by Geographical Region
Chart 6 Contribution by Geographical Region 23.4% 14.6% 64.4% 58.9% 12.1% 13.2% 4.3% 9.0% Singapore 0.2% (0.1%) UK/Ireland Australia China Vietnam & Malaysia
Slide 7: Financial Position Remains Stable
Chart 7 Financial Position Remains Stable Dec 18 Dec 17 Incr/(Decr) Cash and short-term deposits $586.1m $596.2m ($10.1)m / (1.7)% Borrowings $569.9m $322.3m $247.6m / 76.8% Net Cash $16.2m $273.9m ($257.7)m / (94.1)% Gross Gearing 18.8% 10.6% 8.2% points
Slide 8: Moving to Asset-Light Business Model: Lowest CAPEX in last five years
Chart 8 Moving to Asset-Light Business Model Lowest CAPEX in last five years Net CAPEX ($’m) 470.9 387.7 390.6 283.6 226.1 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
Slide 9: Increasing Free Cash Flows
Chart 9 Increasing Free Cash Flows ($’m) 524.8 377.6 370.3 294.3 251.2 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
Slide 10: Growth in Dividends
Chart 10 Growth in Dividends CAGR of 8.4% Dividend (Cents / Ordinary Share) 10.50 cts 10.30 cts 10.40 cts 9.00 cts 8.25 cts 3.17% 2.95% 4.17% 5.25% 4.88% Dividend Yield FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
Slide 11: Total Shareholder Return
Chart 11 Total Shareholder Return TOTAL SHAREHOLDER RETURN From First Trading Date of 1 Apr 2003 to 31 Dec 2018 Total Return Annual Compounded % % 335 9.78 Per Share Capital Gains ( $0.79(1) to $2.15(2) ) $1.36 Gross Dividends ( 2003 – 2018 ) $1.29 Total Shareholder Return $2.65 (1) Closing Share Pr
Slide 12: Merger & Acquisition in 2018: Acquisitions in Australia
Chart 12 Merger & Acquisition in 2018 Acquisitions in Australia Buslink Forest Coach Lines National Patient Transport Tullamarine Bus Lines Operates a fleet of 401 Managing 8 bus depots Providers of non- 7 metropolitan routes with buses providing public and a fleet of 220 emergency patient long term
Slide 13: Existing Businesses And New Acquisitions
Jabiru Existing Businesses And New Darwin Acquisitions Gladstone Sunshine Coast Alice Springs Brisbane - Swan Taxi Group - Purple Coaches - National Patient - Hunter Valley Transport - Coastal Liner Perth Blue Mountains Adelaide Forest Coach Lines Sydney Queanbeyan Broken Hill Melbourne - Wyndham -
Slide 14: Merger & Acquisition in 2018: Acquisitions in UK, China and Singapore
Chart 14 Merger & Acquisition in 2018 Acquisitions in UK, China and Singapore New Adventure Travel Group Dial-a-Cab AZ Bus Ric-Tat Bus NAT Group with a fleet of Acquired business Acquired 94 coaches Acquired 72 coaches from 117 buses and coaches in assets of Dial-a-Cab from AZ Bus Ric-Tat Wales Othe
Slide 15: Transformation Journey in 2018
Chart 15 Transformation Journey in 2018 Group Transformation Office set up in June 2018 to focus on the mega business and technological trends Work closely with external and internal stakeholders to fill technology gaps and build partnerships to manage disruptive challenges through : a) Strengthenin
Slide 16: Digitalisation Journey
Chart 16 Digitalisation Journey ChatBot Robotic Process Automation Engineering Workshop Process Digitalisation Data Mining Innovation Centre at Singapore Taxi
Slide 17: Strategic Priorities in 2019
Chart 17 Strategic Priorities in 2019 Look for M&A opportunities Stay ahead overseas of taxi including in business adjacent competitors businesses Be the most Continue to efficient pursue operator in transformation the Bus initiatives Contracting Model Excellence in Integrate train recent operations
Slide 18: Thank You
Chart 18 THANK YOU. COMFORIDELGRO