Guangzhou Automobile Group Co., Ltd. Class A · SSE:601238
Guangzhou Automobile Group Co., Ltd. Class A — H1 2019 Earnings Presentation
23 slides from Guangzhou Automobile Group Co., Ltd. Class A's earnings presentation, Aug 30, 2019
Slide 1: GAC Group 2019 Mid-term Results Presentation
www.gac.com.cn GAC Group 2019 Mid-term Results Presentation August 30, 2019
Slide 2: Disclaimer
Disclaimer The presentation has been prepared by Guangzhou Automobile Group Co., Ltd. (“GAC” or the “Company”) without independent verification. The presentation does not express or imply any representations or warranties, and shall not be relied upon for the accuracy, fairness or completeness of th
Slide 3: Agenda
1 Industry Development Overview 2 Operation Results Overview 3 Financial Results Overview 4 2019 H2 Outlook 3
Slide 4: Automobile Market Overview: Situation Still Grim
2019 H1 Automobile Market Overview 1. The situation in the automobile industry is still grim. Sales Volume and Growth Rate of Auto Market in Recent Years Monthly Sales and Growth Rate of Auto Industry from Jan. to June 2019 Unit: 10k Unit: 10k 14% 13.70% -15.76% -13.77% -5.18% -14.61% -16.40% -9.60%
Slide 5: Automobile Market Overview: Passenger Vehicle Segments Declined
2019 H1 Automobile Market Overview 2. Sales of all segments in the passenger vehicle market declined across the board, and Japanese brands further expanded their market share. Changes in Sales Volume of PV by Category in 2019 H1 Changes in Market share of PV by Brand Origins in 2019 H1 Unit: 10k 0.7
Slide 6: Automobile Market Overview: New Energy Vehicles Rising
2019 H1 Automobile Market Overview 3. The new energy vehicle market continued rising against the trend. Sales of New Energy Vehicles in Recent Years Sales Trend of New Energy Vehicles in 2019 H1 Unit: 10k Unit: 10k 16 125.6 14 0.3 12 10 5 77.6 105.3 8 12.3 61.7 50.6 6 57.8 41.3 33.6 4 35.5 56.3 44 2
Slide 7: Industry Development Overview
1 Industry Development Overview 2 Operation Results Overview 3 Financial Results Overview 4 2019 H2 Outlook 7
Slide 8: Operation Results Overview: Market Position Continued Rising
2019 H1 Operation Results Overview Market Position Continued Rising Domestic Auto Sales Declining Rate Lower than Industry, GAC Ranked 189th in the Fortune Global 500 2019 Ranking 5th in Scale Unit: 10k Industry PV CV Automobile PV CV -16.8% -1.7% -1.6% -4.1% -12.4% -14.0% -11.1% 行业 Industry 广汽集团 GA
Slide 9: Operation Results Overview: Development Superior to Industry
2019 H1 Operation Results Overview Strove to keep the development level superior to that of the industry. Share of Domestic Market Sales up by 0.9 Percentage Point Maintain Capacity Utilization Rate of 80% Unit: 10k Annual designed capacity Capacity utilization Manufacturer as of June 30, 2019 rate
Slide 10: Operation Highlights: Growth of Proprietary Brands
2019 H1 Operation Highlights 1. Significant growth of proprietary brands GAC Motor maintained a steady development momentum Plant Domestic Overseas New Quality first construction sales sales models GAC Motor ranked As for domestic sales, GAC Overseas sales In terms of new In terms of plant No.1 amon
Slide 11: Operation Highlights: Joint Ventures
2019 H1 Operation Highlights 2. JVs with Japanese partners continued to prosper; JV with European and American partner experienced adjustment GAC Honda and GAC Toyota saw strong growth against the trend, with production and sales growth in 2019 H1 ranking among the top three of traditional automobil
Slide 12: Operation Highlights: Common Development of All Sections
2019 H1 Operation Highlights 3. Common development of all sections R&D section Parts and components section GAC actively pushed forward the development of complete vehicle GAC Components actively responded to business challenges, and projects, and completed the design and development of 8 models ste
Slide 13: Operation Highlights: Structural Adjustment and Strategic Transformation
2019 H1 Operation Highlights 4. Actively promoted structural adjustment and strategic transformation Digitiza Mobility -tion The mobility platform “OnTime” jointly created by With digitalization officially defined as one of its GAC and Tencent, Guangzhou Public Transport medium and long-term develop
Slide 14: Operation Results Overview
1 Industry Development Overview 2 Operation Results Overview 3 Financial Results Overview 4 2019 2H Outlook 14
Slide 15: Key Financial Indicators: Summary of Balance Sheet
2019 H1 Key Financial Indicators Summary of Balance Sheet （RMB 100mm） 30-06-2019 31-12-2018 Change (%) Assets Non-current assets 733.37 659.09 11.27% Current assets 556.92 662.11 -15.89% Total assets 1,290.29 1,321.20 -2.34% Liabilities Non-current liabilities 126.23 137.00 -7.86% Current liabilitie
Slide 16: Key Financial Indicators: Summary of Comprehensive Income
2019 H1 Key Financial Indicators Summary of Comprehensive Income （RMB 100 mm, except EPS） Jan-June 2019 Jan-June 2018 Change (%) Revenue 283.51 372.00 -23.79% Cost of operation 255.64 285.24 -10.38% Tax and additional 6.80 12.69 -46.41% Gross profit 20.26 73.57 -72.46% Sales and distribution cost 17
Slide 17: Analysis on Operating Revenue by Business Sector
Analysis on Operating Revenue by Business Sector （ RMB 100mm ） 1000 3000 2018H1 2019H1 2500 800 -39.22 2000 600 1726.07 1686.85 -88.49 1500 400 -97.57 372.00 283.51 1000 266.05 +1.21 +10.79 200 168.48 -2.92 500 83.36 94.15 10.10 10.78 8.89 13.70 0 0 整车制造业 Vehicle 零部件制造业 Parts 商贸服务 Trade services 金融及
Slide 18: Analysis on Net Profit Change
Analysis on Net Profit Change Analysis on Factors of the Increase/decrease of Consolidated Net Profit (RMB mm) 6,913 5,331 2,377 4,918 27 82 1,167 155 上期 Net 毛利 Gross 投资收益 Net 销售费用 Sales and 管理费用（含研发费 Administrative 财务费用(含利息收 Financial 其他 Other 本期 Net profit of 净利润of profit profit investment distrib
Slide 19: Analysis on Shareholders' Return
Analysis on Shareholders’ Return Net Profit Attributable to the Parent Company Return on Equity （ RMB 100mm ） 69.13 49.19 9.55% 6.23% 2018H1 2019H2 2018H1 2019H1 Earnings Per Share1 Mid-term Dividend Payout Ratio (RMB) 0.68 14.77% 0.48 10.41% 2018H1 2019H1 2018H1 2019H1 Note 1: For this report perio
Slide 20: 2019 H2 Outlook
1 Industry Development Overview 2 Operation Results Overview 3 Financial Results Overview 4 2019 H2 Outlook 20
Slide 21: H2 Outlook
2019 H2 Outlook Market still has huge potential Self-owned brand entered a period of adjustment Industrial upgrading entered In 2019, the global economic downward risks is increasing, while China's deep-water zone economic growth is presenting strong resilience and positive progress has been made in
Slide 22: 2019 H2 Main Focus
2019 H2 Main Focus Promote Win critical international battle of -ization and sustaining joint venture growth cooperation Improve Strengthen Strengthen marketing product risk service competitive prevention competency -ness and control Promote Enhance digital party transformati building -on and work r
Slide 23: Thank You!
THANK YOU! 23
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