Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q3 2019 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Nov 22, 2019
Slide 1: 3rd Quarter Ended 30 September 2019 Results
3rd Quarter Ended 30 September 2019 Results 22 November 2019
Slide 2: Scope
Scope 1 Group financials 2 Operations review 2
Slide 3: Section 1: Group financials
SECTION 1 Group financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group revenue for 3Q19 at RM1.83 billion was 4% above 3Q18 with higher revenue from Plantation, (RM’ Million) 3Q19 3Q18 Change YTD 2019 YTD 2018 Change Property and Credit Financing Divisions whilst the Revenue 1,826.6 1,762.9 4% 5,322.2 4,820.6 10% Group’
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) 3Q19 3Q18 Change 3Q19 3Q18 Change YTD 2019 YTD 2018 Change YTD 2019 YTD 2018 Change Plantation 87.5 65.6 33% 3.1 (2.4) 229% 293.7 294.7 - 6.7 27.2 (75%) Property 1 572.3 387.6 48% 245.7 195.4 26% 1,492.3 975.9 53%
Slide 6: Group segment results – 3rd Quarter
Group segment results – 3rd Quarter Building Materials Trading Plantation 3% 4% 1% Plantation Automotive Building 5% 0% Materials 12% Credit 20% Property Operating Trading Revenue 30% Profit 30% 3Q19 3Q19 Credit Property Automotive 4% 72% 19% Trading Building Materials Plantation 6% 3% 4% Automotive
Slide 7: Group segment results – YTD September
Group segment results – YTD September Building Materials Plantation 3% 1% Trading Plantation 5% Building 5% Materials 12% Property Credit 27% 21% Operating Trading Revenue Profit 32% YTD 2019 YTD 2019 Credit 4% Property Automotive 70% 20% Trading Plantation 6% 3% Automotive Plantation 2% Building 6%
Slide 8: Section 2: Operations review
SECTION 2 Operations review
Slide 9: Plantations
Plantations YTD results weighed down by lower average selling prices ❑ Revenue and operating profit for 3Q19 improved over last year with higher sales volume of CPO and PK due to higher production volume. However, 3Q Revenue YTD Revenue results were partly negated by lower average selling prices. RM
Slide 10: Property Investment and Development
Property Investment and Development Higher contribution from all segments 3Q Revenue YTD Revenue ❑ Revenue and Operating Profit for 3Q19 and 1,492.3 RM’ Mil 572.3 RM’ Mil YTD were higher than last year with higher 600 1,500 contribution from project, construction activities, 387.6 975.9 investment p
Slide 11: Credit Financing
Credit Financing Results benefitted from stable loan base growth 3Q Revenue YTD Revenue ❑ The Division’s revenue for 3Q19 and YTD 237.3 RM’ Mil RM’ Mil were 9% and 12% above previous year 80.9 250 211.2 100 74.0 corresponding period respectively, benefitting 80 200 from higher loan base at RM3.86 bi
Slide 12: Automotive
Automotive Results affected by lower sales volume of PV and start-up costs of CV ❑ Revenue for 3Q19 and YTD were affected by lower sales volume of passenger vehicles (“PV”). 3Q Revenue YTD Revenue RM’ Mil RM’ Mil 1,073.5 1,098.9 ❑ However, the overall revenue were mitigated by higher 500 418.7 1,200
Slide 13: Trading
Trading Results dampened by lower sales volume and compressed trading margins ❑ The Division comprises of the fertilizers trading and 3Q Revenue YTD Revenue general trading businesses. RM’ Mil RM’ Mil 1,768.0 628.6 1,687.6 ❑ Fertilizers trading’s revenue for 3Q19 was lower than last 800 558.2 2,000
Slide 14: Building Materials
Building Materials Improved operating profit post rationalization exercise 3Q Revenue YTD Revenue ❑ The Division comprises the quarry, asphalts and bricks businesses; manufacturing and trading of building RM’ Mil 252.8 RM’ Mil 642.8 729.2 materials by MMSB and trading of building materials 300 219.9
Slide 15: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q3 2019 Earnings Presentation on 6ix