Beshom Holdings Bhd · MYX:BESHOM
Beshom Holdings Bhd — H1 FY2023 Earnings Presentation
16 slides from Beshom Holdings Bhd's earnings presentation, Dec 21, 2022
Slide 1: 1HFY2023 Results Update
BESHOM HOLDINGS BERHAD 1HFY2023 Results Update 21 December 2022
Slide 2: Contents
Contents Financial Highlights 1HFY2023 Review by Segment BESHOM HOLDINGS BERHAD (Registration no. 202101001114 (1401412-A)) 1HFY2023 Results Update
Slide 3: 1HFY2023 vs. 1HFY2022
1HFY2023 vs. 1HFY2022 For the first half of the financial year, the Group recorded lower revenue of RM92.3 million, a decrease of 12.0% as compared to RM104.9 million in the previous year’s corresponding period, reflecting continued challenges in the MLM division. Gross profit margin improved from 4
Slide 4: 1HFY2023 vs. 1HFY2022
1HFY2023 vs. 1HFY2022 1HFY2023 1HFY2022 Variance 31 Oct 2022 31 Oct 2021 +/- (RM’mil) (RM’mil) Revenue 92.34 104.88 -12.0% Pre-tax Profit 15.01 19.88 -24.5% Profit After Tax 11.12 14.97 -25.7% Net Margin (%) 12.0% 14.3% -2.3% EPS (sen) 3.63 5.07 -1.44 sen BESHOM HOLDINGS BERHAD (Registration no. 202
Slide 5: Statement of Financial Position
Statement of Financial Position 1HFY2023 FYE2022 31 Oct 2022 30 April 2022 (audited) (RM’mil) (RM’mil) Net cash + Short term investment 114.85 117.29 Total assets 376.15 370.14 Total liabilities 51.41 41.04 Shareholders' equity 312.75 317.06 Net assets per share (RM) 1.04 1.06 BESHOM HOLDINGS BERHAD
Slide 6: Segment Revenue
Segment Revenue 1HFY2023 Segment 1HFY2023 1HFY2022 31 Oct 2022 31 Oct 2021 Others, (RM’mil) (%) (RM’mil) (%) 2% Retail, 20% MLM 42.07 46% 65.57 63% MLM, 46% Wholesale 29.77 32% 22.24 21% Wholesale, Retail 18.20 20% 15.11 14% 32% Others 2.30 2% 1.96 2% Total 92.34 100% 104.88 100% BESHOM HOLDINGS BER
Slide 7: Review by Segment
Review by Multi Level Marketing (“MLM”) Segment Wholesale Retail Others
Slide 8: MLM
MLM Revenue 70.00 60.00 MLM 1HFY2023 1HFY2022 Changes 50.00 Segment 31 Oct 2022 31 Oct 2021 -35.8% (RM'mil) 40.00 30.00 (RM’mil) (RM’mil) (%) 20.00 10.00 External 42.07 65.57 -35.8% - Revenue 1HFY2022 1HFY2023 Profit Before Tax Profit 4.56 13.35 -65.8% 16.00 Before Tax 14.00 12.00 (RM'mil) 10.00 8.0
Slide 9: MLM
MLM The MLM division has faced persistent challenges during the period under review. The recovery of business momentum and drive among distributors/members has taken longer than anticipated since the reopening of economic activities. Members’ recruitment and renewal have not been encouraging amidst
Slide 10: Wholesale
Wholesale Revenue 35.00 30.00 Wholesale 1HFY2023 1HFY2022 Changes 25.00 Segment 31 Oct 2022 31 Oct 2021 +34.0% (RM'mil) 20.00 15.00 (RM’mil) (RM’mil) (%) 10.00 5.00 External 29.77 22.24 +34.0% - Revenue 1HFY2022 1HFY2023 Profit Before Tax Profit 7.51 3.70 +103% 8.00 Before Tax 7.00 6.00 5.00 (RM'mil
Slide 11: Wholesale
Wholesale Wholesale revenue increased by about 34.0% to RM29.8 million from the depressed base of RM22.2 million in the preceding year’s corresponding quarter when business activities were restricted by the various phases of MCOs. Revenue was also boosted by a pre-price increase “last-buy” sales pro
Slide 12: Retail
Retail Revenue 20.00 Retail 1HFY2023 1HFY2022 Changes 15.00 Segment 31 Oct 2022 31 Oct 2021 (RM'mil) 10.00 (%) +20.5% (RM’mil) (RM’mil) 5.00 External 18.20 15.11 +20.5% - Revenue 1HFY2022 1HFY2023 Profit Before Tax Profit 1.31 0.94 +39.4% 1.40 Before Tax 1.20 1.00 (RM'mil) 0.80 +39.4% 0.60 0.40 0.20
Slide 13: Retail
Retail The Retail division posted a 20.5% increase in revenue to RM18.2 million as compared to RM15.1 million in the previous year’s corresponding quarter. The comparison was against a lower base in the previous year’s corresponding quarter which was affected by the imposition of various phases of M
Slide 14: "Others" segment
"Others" segment Revenue 2.40 2.30 “Others” 1HFY2023 1HFY2022 Changes 2.20 Segment 31 Oct 2022 31 Oct 2021 (RM'mil) 2.10 +17.3% (RM’mil) (RM’mil) (%) 2.00 1.90 1.80 External 2.30 1.96 +17.3% 1.70 Revenue 1HFY2022 1HFY2023 Profit Before Tax Profit 1.63 1.85 -11.9% 1.90 Before Tax 1.85 1.80 1.75 (RM'm
Slide 15: "Others" segment
"Others" segment Revenue comprises mainly rental income from investment properties, manufacturing of health supplements and credit & leasing business. The main revenue contributor is income from the rental of investment properties. During the period under review, pre-tax profit decreased by 11.9% to
Slide 16: Thank you
BES HOM THE BEST STARTS FROM HOME Thank you Wisma Hai-O, Lot 11995, Batu 2, Jalan Kapar, 41400 Klang, Selangor Darul Ehsan, Malaysia T. +603-3342 3322 | F.+603-33428285 | E.info@beshom.com www.beshom.com
Beshom Holdings Berhad — H1 FY2023 Earnings Presentation on 6ix