Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Halcyon Agri — FY2019 Earnings Presentation
14 slides from Singapore Exchange's earnings presentation, Feb 26, 2020
Slide 1: Q4 and Full-year 2019 Results Presentation
Q4 and Full-year 2019 Results Presentation 26 February 2020
Slide 2: Important Notice
Important Notice This presentation has been prepared by Halcyon Agri Corporation Limited (“Company”) for informational purposes, and may contain projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views ar
Slide 3: Income Statement Highlights
Income Statement Highlights Q4 ended 31 Dec FY ended 31 Dec US$m 2019 2018 ▲% 2019 2018 ▲% Revenue 482.8 538.3 -10.3% 1,907.7 2,141.0 -10.9% Gross profit 14.7 16.9 -12.7% 107.4 118.4 -9.4% Core operating earnings/(loss) 33.7 (1.3) n.m. 47.4 22.6 109.6% Operating profit 29.3 (10.1) n.m. 38.3 4.5 >100
Slide 4: FY2019 Results Review
FY2019 Results Review • FY2019 is an operationally challenging year for Halcyon Agri, in which challenges in both supply and demand end have persisted: o Sustained downward pressure on demand – Uncertainty surrounding major macroeconomic events in 2019 have adversely impacted demand, resulting in lo
Slide 5: FY2019 Highlights
FY2019 Highlights 1 Launch of BOUNCE1, the world’s first sustainable rubber movement anchored by UN SDGs. Business plan to produce and market sustainably produced rubber wood to the furniture and 2 construction sectors of US and China. Rated the second most transparent rubber-producing company using
Slide 6: Cash flows
Cash flows Q4 ended 31 Dec FY ended 31 Dec US$m 2019 2018 2019 2018 Operating cash flows before working capital changes (9.1) (4.7) 15.2 33.3 Changes in working capital (32.0) 36.3 (29.9) (57.6) Payment of taxes and working capital loan interests (4.2) (12.1) (26.9) (28.6) Cash flow generated from/(
Slide 7: Balance sheet overview
Balance sheet overview US$ in millions 31-Dec-19 30-Sep-19 30-Jun-19 31-Mar-19 Assets partially funded by debt Working capital employed 594.9 600.2 636.9 659.3 Working capital loans 572.6 599.2 630.9 636.4 % Efficiency in working capital funding 96.3% 99.8% 99.1% 96.5% Operational long term assets 1
Slide 8: Appendix 1: Market price movement
Appendix 1: Market price movement
Slide 9: Movement in SICOM TSR20 1st position
Movement in SICOM TSR20 1st position 1,600 FY2019 FY2018 1,550 1,500 1,450 1,400 1,350 1,300 1,250 1,200 1,150 Average Q1 2018: US$1,474; Average Q2 2018: US$1,400; Average Q3 2018: US$1,329; Average Q4 2018: US$1,268; Average Q1 2019: US$1,397 Average Q2 2019: US$1,513 Average Q3 2019: US$1,348 Ave
Slide 10: Appendix 2: Segmental Performance
Appendix 2: Segmental Performance
Slide 11: Halcyon Rubber Company (HRC)
Halcyon Rubber Company (HRC) Revenue (US$m)1 Sales Volume (mT)1 1,800 Revenue (US$ per MT) 1,600 454.1 289,460 1,400 285,901 283,313 414.7 278,032 399.5 • HRC continues to be mired 393.3 252,549 1,200 368.2 244,945 356.7 352.7 234,823 348.9 228,935 by tight raw materials 213,749 1,000 296.4 800 situ
Slide 12: Corrie MacColl (CMC)
Corrie MacColl (CMC) Revenue (US$m)1 Sales Volume (mT)1 • Sales continues to decline 2,000 Revenue (US$ per MT) due to procurement 168.7 cutbacks by consumers 166.2 165.4 102,597 102,308 100,303 158.2 1,600 100,021 amid macro uncertainty. 157.2 97,958 94,820 145.2 139.2 85,991 83,462 127.9 1,200 • O
Slide 13: Updates on HeveaConnect (HC)
Updates on HeveaConnect (HC) Digital marketplace for HeveaPRO-certified natural rubber Platform traffic since Apr- Proactive engagements with 19 key NGOs Close collaboration with NGOs on • HC made encouraging progress initiatives to drive improvement in 80,000 MT livelihood of smallholders. througho
Slide 14: Thank you
Thank you ANY \ ae RAP 4 Re hes