Slide 1: 2nd Quarter Ended 30th June 2011 Results
STRICTLY CONFIDENTIAL DRAFT 2nd Quarter Ended 30th June 2011 Results 24th August 2011
Slide 2: Scope
Scope 1 Group financials 2 Operations review 1
Slide 3: Group financials
SECTION 1 © Group financials @ HAP SENG CONSOLIDATED BERHAD
Slide 4: Consolidated income statement summary
Consolidated income statement summary Overall, the Group posted strong financial performance in 2Q 2011 against 2011’s corresponding quarter. Three divisions (plantations, property and automotive) delivered strong double-digit growths in revenue (ranging from 73 to 81%) while the remaining three
Slide 5: Group segment results
Group segment results Note: 1 Includes share of Inverfin’s PBIT from Menara Citibank 4
Slide 6: Group segment results
Group segment results Q2 2011 Revenue Q2 2011 Operating Profit Q2 2011 Geographical segment ~ a Quarry Quarry and Vietnam — Others 7% 3% ndonesia Q2 2010 Revenue Q2 2010 Geographical segment v Others ndonesia 2% @ HAP SENG CONSOLIDATED BERHAD 5
Slide 7: Operations review
SECTION 2 © Operations review @ HAP SENG CONSOLIDATED BERHAD
Slide 8: Plantations
Plantations CPO prices remained strong, coupled with recovery in FFB production Revenue in 2Q 2011 increased by 81% to RM182m on account of the following :- - better CPO selling prices (RM3,372/MT vs RM2,499/MT) as well as better PK selling prices (RM2,497/MT vs RM1,455/MT) - higher CPO sales volu
Slide 9: Property
Property Robust sales from residential and commercial development projects Revenue registered an increase of 73% in 2Q 2011 to RM114m while operating profit rose by 126% to RM39m. The better performance was driven by :- - higher margin properties being sold during the quarter (property sales compr
Slide 10: Automotive
Automotive Continued improvement in overall performance Revenue rose 76% in 2Q 2011 to RM197m due to contribution from Vietnam Star, the acquisition of which was completed in September 2010. Operating profit showed an increase of 58% mainly attributable to the Malaysia operation. Expansion of
Slide 11: Fertilizers
Fertilizers Sales volume continue to improve amidst stable selling prices Revenue achieved in 2Q 2011 was RM300m, an increase of 23% as compared to RM243m in the corresponding quarter of 2010 primarily driven by higher sales volume and improved selling prices due to strong demand and continued bet
Slide 12: Credit financing
Credit financing Revenue improved with higher Loan Base and improved NPL ratio Revenue and operating profit in 2Q 2011 showed an increase of 12% and 28% to RM24m and RM19m respectively, driven by :- - increase in net loan base by 31% from RM982m in 2Q 2010 to RM1.3b in the quarter under review - h
Slide 13: Quarry and Building Materials
Quarry and Building Materials Sales on uptrend with new quarries in start up phase Revenue increased by 14% to RM140m compared to RM123m in 2Q 2010. This was attributable to higher sales volumes of aggregates (2.3m MT vs 1.7m MT) and asphalt (80,705 MT vs 24,687 MT). Sales volume from bricks, howe