Jardine Cycle & Carriage Limited · SGX:C07
Jardine Cycle & Carriage — FY2025 Earnings Presentation
17 slides from Jardine Cycle & Carriage's earnings presentation, Mar 2, 2026
Slide 1: Full Year 2025 Results Presentation
Jardine Cycle & Carriage Full Year 2025 Results Presentation Monday, 2 March 2026 Disclaimer: Jardine Cycle & Carriage accepts no liability whatsoever with respect to the use of this document or its contents.
Slide 2: FY2025 highlights
FY2025 highlights • Underlying Profit: ▲1% - Indonesia contribution down ▼8% - Vietnam contribution up ▲25% 1 Stable underlying profit of Higher total dividends of - Regional Interests contribution up ▲1% US$1.1 billion US₵113 per share • Total dividends: US₵113 per share - Final dividend: US₵85 per
Slide 3: Deliver superior returns as an engaged investor
Deliver superior returns as an engaged investor As an engaged long-term investor, we aim to deliver superior 5-year total shareholder returns through our portfolio businesses. Approach Gain exposure to sustainable Work with our businesses to Deliver value through earnings 01 profit pools and growth
Slide 4: Drive TSR through sustained earnings and dividends growth
Drive TSR through sustained earnings and dividends growth 6 Achieved 5-year TSR of 17.5% Underlying Earnings Per Share (US¢) Dividend Per Share (US¢) Total Shareholder Returns (%) 118 111 112 113 294 34.2% 277 279 281 87 219 80 199 17.5% 16.1% 109 43 4.8% 3.4% 2019 2020 2021 2022 2023 2024 2025 2019
Slide 5: FY2025 Financial Highlights
FY2025 Financial Highlights
Slide 6: Financial Highlights
Financial Highlights Underlying profit up 1% Underlying profit (US$m) 816 1% up YOY Increased Underlying Profit and Dividend Revenue Underlying Profit Dividend -436 US$21.4b US$1.1b US₵113 per share (▼4%) (▲1%) (▲1%) +63 -82 +1 +26 +1% -77% -8% +25% Improved performances by Vietnam and Singapore 1,1
Slide 7: Financial Highlights
Financial Highlights Corporate net debt lower with Vinamilk divestment Corporate Net Debt (US$m) Shareholders’ Funds US$8.6b 577 -223 (▲4%) -452 +436 816 816 Net Cash / (debt) (excl. FS) 577 (US$44m) -436 (▼81%) Net debt Dec-24 Net dividend Dividends paid M&A/Net disposals Net debt Dec-25 income Net
Slide 8: Indonesia
Indonesia Southeast Asia’s largest economy and most populous country
Slide 9: Indonesia
Indonesia 8% lower contribution Contribution to JC&C’s Underlying Profit (US$m) 1200 1000 Contribution to JC&C: -7% US$945 million • Lower earnings from 4W 800 and United Tractors • Improved results from 600 financial services, infrastructure and agribusiness 40 20 -46% 0 • Lower performance due Ast
Slide 10: Astra
Astra Net income down 3% 800 -0% 700 -24% Total Net Income: Contribution to JC&C: 600 +9% US$2.0 billion* US$927 million* 500 400 300 200 100 +28% +24% 0 Heavy equipment, mining, Automotive & Mobility Financial Services Agribusiness Infrastructure construction and energy 2024 725 515 754 57 64 2025
Slide 11: Vietnam
Vietnam Fast-growing economy Asia with an expanding consumer market and robust manufacturing sector
Slide 12: Vietnam
Vietnam 25% higher contribution Contribution to JC&C’s Underlying Profit (US$m) +39% 55 Others Contribution to JC&C: US$129 million 45 Others +39% • Passenger car sales: 64,000 units Real estate Others • Commercial vehicle sales: 26,000 units Real estate 35 56% Water -3% • Real estate sales produced
Slide 13: Regional Interests
Regional Interests A portfolio of market-leading businesses
Slide 14: Regional Interests
Regional Interests 1% higher contribution, excluding SCCC up 43% Contribution to JC&C’s Underlying Profit (US$m) 55 50 +49% Contribution to JC&C: 45 US$56 million 40 35 30 • New car market share of 12% at 25 6,500 units • Higher used car and aftersales volumes 20 • 74% higher commercial vehicle sale
Slide 15: Looking Ahead
RI 4 Jardine Cycle & Carriage Looking Ahead
Slide 16: Looking Ahead
Looking Ahead We are focused on our longer-term objective of building a portfolio with strong growth and total shareholder returns. Outlook Focus INDONESIA Moderate recovery in consumer sentiment amidst near term macroeconomic challenges 01 Drive strategic review and management alignment VIETNAM Con
Slide 17: Thank You
THANK YOU
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