Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q3 2024 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Nov 22, 2024
Slide 1: 3rd Quarter Ended 30 September 2024 Results
3rd Quarter Ended 30 September 2024 Results 22nd November 2024
Slide 2: Scope
Scope 1 Group Financials 2 Operations Review 2
Slide 3: Section 1: Group Financials
SECTION 1 Group Financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group’s 3Q24 and YTD2024 revenue at YTD YTD (RM’ Million) 3Q24 3Q23 Change Change RM1.48b and RM4.23b were both below last year by 2024 2023 4% and 11% respectively primarily from lower Revenue 1,476.9 1,537.4 (4%) 4,231.3 4,777.1 (11%) contributions from
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) YTD YTD YTD YTD 3Q24 3Q23 Change 3Q24 3Q23 Change Change Change 2024 2023 2024 2023 Plantation 177.3 164.6 8% 72.2 50.0 44% 519.1 493.3 5% 159.1 96.2 65% 1 Property 301.9 128.8 134% 211.9 (52.9) N/A 780.8 348.6 124
Slide 6: Group segment results – 3rd Quarter
Group segment results – 3rd Quarter Plantation 11% Building Materials, 14% Plantation Building Materials 18% 17% Trading, 2% Property Automotive 19% 2% Revenue Operating 3Q24 Credit Profit Credit 10% 3Q24 Trading 3% 41% Automotive Property 9% 54% Building Plantation Materials 10% Plantation Property
Slide 7: Group segment results – Year To Date
Group segment results – Year To Date Plantation Plantation Building Materials 11% Building Materials, 14% 16% 17% Property Trading, 7% 17% Revenue Automotive Operating 2% YTD 2024 Profit Credit 3% YTD 2024 Trading Credit 43% 12% Automotive Property 9% 49% Building Plantation Materials 10% Plantation
Slide 8: Section 2: Operations Review
SECTION 2 Operations Review
Slide 9: Plantations
Plantations Higher operating profit due to higher selling prices and lower production costs ❑ 3Q24 and YTD2024 revenue were higher than the corresponding period last year by 8% and 5% respectively mainly due to higher average selling prices of CPO and PK, and 3Q Revenue YTD Revenue marginally higher
Slide 10: Property Investment and Development
Property Investment and Development Results benefitted from sales of land ❑ The Division’s 3Q24 and YTD2024 revenue and operating profit 3Q Revenue YTD Revenue were both higher than the corresponding period last year mainly RM’ Mil 301.9 RM’ Mil 780.8 due to sales of land. 350 900 ❑ The property dev
Slide 11: Credit Financing
Credit Financing Lower loan base with cautious lending ❑ The Division continues to consolidate its operations with prudent 3Q Revenue YTD Revenue measures to manage risks and uncertainties surrounding its sectors of financing, adopting a conservative approach to new loan RM’ Mil RM’ Mil 179.6 approv
Slide 12: Automotive
Automotive Weaker results from both PV and CV segment ❑ The Division registered lower 3Q24 and YTD2024 revenue than the 3Q Revenue YTD Revenue corresponding period last year by 55% and 65% respectively with lower contribution from both its passenger vehicles (“PV”) and commercial vehicles RM’ Mil RM
Slide 13: Trading
Trading Fertilizer Trading results dampened by normalization of selling price ❑ The Division comprises the fertilizers trading (“FT”) and general trading 3Q Revenue YTD Revenue (“GT”) businesses. In the current year, the Division reorganized its RM’ Mil RM’ Mil 2,215.5 ceramic tiles business under M
Slide 14: Building Materials
Building Materials QBM’s operating profit benefitted from higher margins and disposal of fixed assets ❑ The Division comprises the quarry and bricks businesses (“QBM”), 3Q Revenue YTD Revenue and trading of building materials by Hafary which now also includes the retail-distribution of ceramic tiles
Slide 15: Thank You
@ HAP SENG Soin
Hap Seng Consolidated — Q3 2024 Earnings Presentation on 6ix