Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q1 2014 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, May 28, 2014
Slide 1: 1st Quarter Ended 31st March 2014 Results
1st Quarter Ended 31st March 2014 Results 28th May 2014
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 Group’s revenue for 1Q14 at Change RM858.5 million was 8% above (RM’ Million) 1Q14 1Q13 (%) 1Q13 driven primarily by higher Revenue 858.5 792.5 8% revenue from Plantation, Property Holding & Development Gross profit 1 256.5 123.7 >100% and Trading Divisions. E
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT Change Change (RM’ Million) 1Q14 1Q13 1Q14 1Q13 (%) (%) Plantation 138.4 101.3 37% 58.1 28.1 >100% Property 175.4 56.9 >100% 141.71 39.51 >100% Automotive 127.6 200.0 -36% 1.3 - 15.3 >100% Fertilizer Trading 205.2 282.7 -27% 9.9 5.5 80% Credit Financing
Slide 6: Group segment results
Group segment results Revenue Operating Profit * Geographical Segment 1Q14 1Q14 1Q14 Revenue Fertilizers Trading Automotive 4% 13% Plantation 1% Credit Quarry & 16% Financing Quarry & Indonesia Building 10% Building 5% Materials Materials 11% 2% Others Trading 3% Credit Property 1% Financing 20% 3%
Slide 7: Operations review
SECTION 2 © Operations review @ HAP SENG CONSOLIDATED BERHAD
Slide 8: Plantation
Plantation Better 1Q14 results backed by higher selling prices, higher sales volume and lower production costs The Division performed better in 1Q14 as compared to the corresponding period last year with 37% higher revenue and 107% improvement in operating profit. Division benefitted from: Highe
Slide 9: Property
Property Performance supported by project sales growth Division registered higher revenue and operating profit for 1Q14 as compared to 1Q13 attributable to : Higher revenue contribution from ongoing project developments particularly the luxurious condominium projects, “The Horizon Residence” and
Slide 10: Automotive
Automotive Improvement in profit supported by better margin The Division registered lower revenue in 1Q14 compared to last year due to the disposal of HSSV and lower sales from the Malaysian operations. Good demand for the new A-class but revenue for 1Q14 was affected by insufficient supply to f
Slide 11: Fertilizer
Fertilizer Better profit despite lower revenue Revenue for 1Q14 were affected by: • lower sales volume in the Malaysian operations, affected by delayed shipments due to inclement weather condition. • lower average selling prices in both the Malaysian and Indonesian markets in tandem with the lower
Slide 12: Credit financing
Credit financing Stable performance backed by growing loan base and prudent credit risk management The Division registered consistent growth of its revenue and operating profit backed by stable growth in its loan base. As at end 1Q14, the loan base was at RM1.77 billion, 22% above 1Q13’s loan ba
Slide 13: Quarry and Building Materials
Quarry and Building Materials Strong revenue growth but profit dampened by higher unit production costs Revenue for 1Q14 grew by 19% over 1Q13 attributable to higher sales of aggregates and bricks:- Aggregates sales increased by 21% in 1Q14 with higher average selling prices and higher sales vol
Slide 14: Trading
Trading Strong 1Q14 results backed by expansion in market network and market share The Division registered significant increase in revenue for 1Q14, driven by strong sales growth for building materials (+170%) and petroleum products (+8%) as the Division continues to expand its market network and
Slide 15: Thank You
Thank You @ HAP SENG CONSOLIDATED BERHAD
Hap Seng Consolidated Berhad — Q1 2014 Earnings Presentation on 6ix