PPB Group Bhd. · MYX:PPB
PPB Group Bhd — FY2021 Earnings Presentation
35 slides from PPB Group Bhd's earnings presentation, February 2022
Slide 1: Unaudited Results for the Financial Year Ended 31 December 2021
UNAUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely estimates and targets, based on circumstances and reasonable assumptions
Slide 2: Agenda
AGENDA GROUP FINANCIAL HIGHLIGHTS REVIEW OF MAJOR OPERATIONS Financial Performance Key Events in 2021 Developments for 2022 5-YEAR PBT RECORD CAPITAL AND OTHER COMMITMENTS DIVIDEND SUSTAINABILITY HIGHLIGHTS SHARIAH-COMPLIANCE STATUS PROSPECTS FOR 2022 2
Slide 3: Group Financial Highlights
GROUP FINANCIAL HIGHLIGHTS PPB GROUP BERHAD
Slide 4: Financial Results for the Year Ended 31 Dec 2021
GROUP FINANCIAL HIGHLIGHTS FINANCIAL RESULTS FOR THE YEAR ENDED 31 DEC 2021 (Figures in RM) 2021 2020 Change Revenue 4.86 bil 4.19 bil +16% Operating Expenses 4.87 bil 4.17 bil +17% Share of Wilmar’s Profit 1.50 bil 1.24 bil +21% PBT 1.50 bil 1.42 bil +5% Profit attributable to 1.50 bil 1.32 bil +14
Slide 5: Segmental Information: Segmental Revenue
GROUP FINANCIAL HIGHLIGHTS SEGMENTAL INFORMATION FOR THE YEAR ENDED 31 DEC 2021 % 1% 4% Segmental Revenue – RM4.86 billion 2% Grains & Consumer Film Environment Property Other Agribusiness Products Exhibition & al Operations Distribution Engineering & Utilities RM3.77 bil RM645 mil RM116 mil RM115 m
Slide 6: Segmental Information: Segment Profit
GROUP FINANCIAL HIGHLIGHTS SEGMENTAL INFORMATION FOR THE YEAR ENDED 31 DEC 2021 Segment Profit - RM1.50 billion Property Environment Other Grains & Consumer Film al Operations Agribusiness Products Exhibition& Engineering & Utilities Distribution RM1.56 bil RM62 mil RM15 million RM6.5 mil (RM113 mil
Slide 7: Review of Major Operations
REVIEW OF MAJOR OPERATIONS Financial Performance Key Events in 2021 Developments for 2022
Slide 8: Grains & Agribusiness Financial Performance
GRAINS & AGRIBUSINESS FINANCIAL PERFORMANCE + 17% - 77% Revenue Segment Profit FY21 RM3.77 bil FY21 RM62 mil FY20 RM3.22 bil FY20 RM272 mil Segment performance was affected by higher raw material costs of flour, feed and maize products, with limited price-in mechanism. 8
Slide 9: Grains & Agribusiness Developments in 2022
GRAINS & AGRIBUSINESS DEVELOPMENTS IN 2022 Construction of a new 500-mt/day wheat flour mill by VFM-Wilmar Flour Mills Co Ltd at its existing factory in Quang Ninh Province, in northern Vietnam at an estimated cost of USD19.7 million. (Expected completion : end-March 2022) 9
Slide 10: Consumer Products Financial Performance
CONSUMER PRODUCTS FINANCIAL PERFORMANCE + 3% - 79% Revenue Segment Profit FY21 RM645 mil FY21 RM6.5 mil FY20 RM628 mil FY20 RM31.5 mil Excluding the effect of a one-off gain on step-acquisition of an associate amounting to RM21 million in FY2020, segment performance was weaker as a result of incre
Slide 11: Consumer Products Key Events in 2021
CONSUMER PRODUCTS KEY EVENTS IN 2021 FFM Marketing Sdn Bhd launched :- V-Soy Original No Sugar Added Soya Bean Milk in June 2021. The Italian Baker Sdn Bhd launched :- Massimo Tamper-Evident bread bag packaging in February 2021. Massimo Peanut Butter cream roll in February 2021. Massimo Seed
Slide 12: Film Exhibition & Distribution Financial Performance
FILM EXHIBITION & DISTRIBUTION FINANCIAL PERFORMANCE + 2% +16 % Revenue Segment Loss FY21 RM116 mil FY21 RM113 mil FY20 RM114 mil FY20 RM136 mil The segment recorded lower losses primarily driven by higher contribution from box office collections in 4Q2021 as well as various cost control measures
Slide 13: Film Exhibition & Distribution Key Events in 2021
FILM EXHIBITION & DISTRIBUTION KEY EVENTS IN 2021 Completed the acquisition of 18 MBO cinema assets in September. Opened the first Happy Food Co outlet in GSC Southkey, Johor Bahru in November. In December, Spiderman No Way Home achieved the highest box office collection. 13
Slide 14: Film Exhibition & Distribution Developments in 2022
FILM EXHIBITION & DISTRIBUTION DEVELOPMENTS IN 2022 Launched GSC gourmet popcorn to elevate popcorn experience in February. To launch GSC’s own merchandise line in May. To launch GSC Rewards in June to drive more admissions, retain and attract new cinemagoers; and build customer loyalty. To
Slide 15: GSC Target Cinema Openings
FILM EXHIBITION & DISTRIBUTION DEVELOPMENTS IN 2022 GSC targets to open the following cinemas :- LOCATION NO. OF TARGET SCREENS OPENING DATE Spring, Bintulu 9 3Q2022 Sunway Iskandar, Johor 8 3Q2022 BBCC, Kuala Lumpur 12 4Q2022 IOI City Mall, Putrajaya (New Wing) 13 4Q2022 Total 42 15
Slide 16: Environmental Engineering and Utilities Financial Performance
ENVIRONMENTAL ENGINEERING AND UTILITIES FINANCIAL PERFORMANCE + 8% - 96% Revenue Segment Profit FY21 RM205 mil FY21 RM647,000 FY20 RM190 mil FY20 RM14 mil Performance in FY2021 was affected by a loss on divestment of a 40% associate involved in landfill operations amounting to RM4 million. Contr
Slide 17: Environmental Engineering and Utilities Key Events in 2021
ENVIRONMENTAL ENGINEERING AND UTILITIES KEY EVENTS IN 2021 Completed two water treatment plants in Johor and Sarawak respectively with a total contract value of RM87 million. Secured three water projects in Sarawak, Johor and Kedah with a total contract value of RM212 million. Order book of RM
Slide 18: Environmental Engineering and Utilities Developments in 2022
ENVIRONMENTAL ENGINEERING AND UTILITIES DEVELOPMENTS IN 2022 Tendered for water projects in Malaysia and Brunei valued at RM400 million. Continue to focus on opportunities in our core sectors. 18
Slide 19: Property Financial Performance
PROPERTY FINANCIAL PERFORMANCE + 72% > 100% Revenue Segment Profit FY21 RM115 mil FY21 RM15 mil FY20 RM67 mil FY20 RM4 mil The improvement in revenue and profit were mainly attributable to new sales and progressive profit recognition of the Megah Rise development project. 19
Slide 20: Property Key Events in 2021
PROPERTY KEY EVENTS IN 2021 Target Completion & Q2 2022 Vacant Possession Date Target Retail Mall Q4 2022 Opening Date 20
Slide 21: 5-Year PBT Record
5-YEAR PBT RECORD PPB GROUP BERHAD
Slide 22: 5-Year PBT of PPB Group
5-YEAR PBT OF PPB GROUP RM Million CAGR* +4.35% 1,600 1,498 1,500 1,421 1,400 1,300 1,271 1,272 1,200 1,168 1,100 1,000 2017 2018 2019 2020 2021 Year * CAGR = Compound Annual Growth Rate 22
Slide 23: Capital and Other Commitments
CAPITAL AND OTHER COMMITMENTS
Slide 24: Capital and Other Commitments by Segment
CAPITAL AND OTHER COMMITMENTS BY SEGMENT RM388 mil RM359 mil RM14 mil RM71 mil • Grains & • Film Exhibition & • Property • Consumer Agribusiness Distribution Products & Others • Investments in • New cinemas in • Renovation of • Implementation of China flour mills Malaysia existing SAP Enterprise inv
Slide 25: Dividend
DIVIDEND PPB GROUP BERHAD
Slide 26: Dividend
DIVIDEND Payout Ratio Dividend Dividend Paid/ Dividend Per Share Payable Yield Group Company Year (sen) (RM Million) (%) (%) (%) 2021 - Interim 10 142 # - Final* 25 356 2.0 33 62 35 498 2020 - Interim & 30 427 1.6 32 78 Final - Special 16 228 0.9 17 42 46 655 2.5 50 > 100 2019 31 441 1.6 38 94 2018
Slide 27: Sustainability
SUSTAINABILITY PPB GROUP BERHAD
Slide 28: Sustainability Highlights
SUSTAINABILITY HIGHLIGHTS PPB has been listed on FTSE4Good Index Series since 2018. In December 2021, PPB was upgraded to the 4-star ESG grading band in the FTSE Bursa Malaysia Emas. The Group has invested RM8.7 million on renewable energy projects and RM469,000 on energy saving initiatives.
Slide 29: Status of Shariah Compliance
STATUS OF SHARIAH COMPLIANCE
Slide 30: Status of Shariah Compliance
STATUS OF SHARIAH COMPLIANCE PPB is classified as shariah-compliant based on an updated list of shariah- compliant securities by the Securities Commission's Shariah Advisory Council dated 26 November 2021. 30
Slide 31: Prospects
PROSPECTS PPB GROUP BERHAD
Slide 32: Prospects for 2022
PROSPECTS PROSPECTS FOR 2022 Performance of the Grains and agribusiness segment was adversely affected by the unprecedented high raw materials costs caused by global supply shocks and supply chain disruptions. Going into 2022, we expect margin pressures to remain, as volatile commodity market prices
Slide 33: Prospects: Film and Environmental Engineering
PROSPECTS The Film exhibition and distribution segment had a strong close in the fourth quarter. The strong movie titles lined up and the relaxation of Covid-19 SOP contributed to the improvement in cinema admissions. Improved performance from the expanded cinema circuit following the completion of
Slide 34: Prospects: Property and Wilmar
PROSPECTS The Property segment is set to a gradual recovery. We are on target to complete the development of the Megah Rise project in the second quarter of 2022. Wilmar's performance will continue to contribute substantially to the overall profitability of the Group. 34
Slide 35: PPB Group Berhad
WV PPB GROUP BERHAD