Beshom Holdings Bhd · MYX:BESHOM
Beshom Holdings Bhd — Hai-O Enterprise Berhad — H1 2019 Earnings Presentation
17 slides from Beshom Holdings Bhd's earnings presentation, Dec 20, 2018
Slide 1: 1HFY2019 Results Update
1HFY2019 Results Update 20 December 2018 1
Slide 2: Contents
Contents Financial Highlights 1HFY2019 Review by Segment 2
Slide 3: 1HFY2019 vs. 1HFY2018
1HFY2019 vs. 1HFY2018 For the first half of the financial year, the Group recorded lower revenue of RM 172.3 million, a decrease of 30.6% as compared to the previous year corresponding quarter of RM 248.1 million, after factored in the impact of MFRS 9 and MFRS 15 which was effective on or after 1 J
Slide 4: 1HFY2019 vs. 1HFY2018
1HFY2019 vs. 1HFY2018 The Group’s gross profit margin was 37.2% before factored in the impact of MFRS 9 and MFRS 15, as compared to previous year of 33.8%, it improved by about 3.4% as a result of higher margin in the MLM division and change in sales mix with higher sales contribution from Wholesale
Slide 5: 1HFY2019 vs. 1HFY2018
1HFY2019 vs. 1HFY2018 1HFY2019 1HFY2018 Variance 31 Oct 2018 31 Oct 2017 +/- (RM’mil) (RM’mil) Revenue 172.26 248.07 -30.56% Pre-tax Profit 32.70 50.96 -35.83% Profit After Tax 24.60 39.30 -37.40% Net Margin (%) 14.28% 15.84% -1.56% EPS (sen) 8.47 13.58 -5.11 sen Hai-O 1HFY2019 Results Update - 20 D
Slide 6: Strong and Healthy Balance Sheet
Strong and Healthy Balance Sheet 1HFY2019 FYE 30 April 2018 31 Oct 2018 (audited) (RM’mil) (RM’mil) Net cash + Short term investment 119.32 126.62 Total Assets 398.24 396.00 Total Liabilities 88.39 77.08 Shareholders' Equity 299.29 307.91 Net Assets per share (sen) 103 106 Hai-O 1HFY2019 Results Upd
Slide 7: Segment Revenue
Segment Revenue 1HFY2019 Segment 1HFY2019 1HFY2018 31 Oct 2018 31 Oct 2017 Others, 1% (RM’mil) (%) (RM’mil) (%) Retail, 11% MLM 121.20 70% 197.90 80% Wholesale, 18% Wholesale 30.69 18% 29.51 12% Retail 18.44 11% 18.49 7% MLM, 70% Others 1.93 1% 2.16 1% Total 172.26 100% 248.06 100% Hai-O 1HFY2019 Re
Slide 8: Review by Segment: Multi Level Marketing (MLM)
Review by Multi Level Marketing (“MLM”) Segment Wholesale Retail Others 8
Slide 9: MLM
MLM Revenue 250.00 MLM 1HFY2019 1HFY2018 Changes 200.00 Segment 31 Oct 2018 31 Oct 2017 150.00 (RM'mil) -38.8% 100.00 (RM’mil) (RM’mil) (%) 50.00 External 121.20 197.90 -38.8% - Revenue 1HFY2018 1HFY2019 Profit Before Tax Profit 24.88 38.95 -36.1% 45.00 Before Tax 40.00 35.00 30.00 (RM'mil) 25.00 -3
Slide 10: MLM
MLM For the 1HFY2019, MLM division was facing challenges with the slowdown in members’ recruitment and business activities of its members after the GE 14 had affected its financial performance. The division recorded lower revenue of RM 121.2 million as compared to the previous year’s corresponding q
Slide 11: Wholesale
Wholesale Revenue 31.00 30.50 Wholesale 1HFY2019 1HFY2018 Changes Segment 31 Oct 2018 31 Oct 2017 (RM'mil) 30.00 +4.0% 29.50 (RM’mil) (RM’mil) (%) 29.00 External 30.69 29.51 +4.0% 28.50 Revenue 1HFY2018 1HFY2019 Profit Before Tax Profit 6.01 9.59 -37.3% 12.00 Before Tax 10.00 8.00 (RM'mil) -37.3% 6.
Slide 12: Wholesale
Wholesale For the 6HFY2019, the Wholesale division recorded higher external revenue of RM 30.7 million as compared to the preceding year’s corresponding quarter of RM 29.5 million, an increase of about 4.0%. ✓ The increase in revenue was mainly attributable to higher sales from Chinese medicated ton
Slide 13: Retail
Retail Revenue 18.50 18.49 Retail 1HFY2019 1HFY2018 Changes 18.48 18.47 Segment 31 Oct 2018 31 Oct 2017 (RM'mil) 18.46 18.45 -0.3% (RM’mil) (RM’mil) (%) 18.44 18.43 18.42 External 18.44 18.49 -0.3% 18.41 Revenue 1HFY2018 1HFY2019 Profit Before Tax Profit 0.02 0.01 +100% 0.03 Before Tax 0.02 (RM'mil)
Slide 14: Retail
Retail For the 1HFY2019, the Retail division revenue maintained at RM 18.5 million with bottom line remain at break-even level as compared to the preceding year’s corresponding period. The consumer sentiment remain subdued in spite of an aggressive promotion campaign been carried during the period,
Slide 15: "Others" segment
"Others" segment Revenue 2.20 2.15 “Others” 1HFY2019 1HFY2018 Changes 2.10 Segment 31 Oct 2018 31 Oct 2017 2.05 (RM'mil) 2.00 -10.6% (%) 1.95 (RM’mil) (RM’mil) 1.90 1.85 External 1.93 2.16 -10.6% 1.80 Revenue 1HFY2018 1HFY2019 Profit Before Tax Profit 1.79 2.40 -25.4% 3.00 Before Tax 2.50 2.00 -25.4
Slide 16: "Others" segment
“Others” segment “Others” Revenue are mainly comprised of rental income from investment properties, manufacturing activities and credit & leasing business. The main contributors are from the manufacturing and properties segments. With its total external revenue maintained at about RM 2.0 million as
Slide 17: Thank You
Thank You Wisma Hai-O, Lot 11995 Batu 2, Jalan Kapar 41400 Klang, Selangor D.E. T : 03-33423322 F : 03-33434257 www.hai-o.com.my 17
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