Hiap Teck Venture Bhd. · MYX:HIAPTEK

Hiap Teck Venture Bhd — Q2 FY2023 Earnings Presentation

11 slides from Hiap Teck Venture Bhd's earnings presentation, Mar 30, 2023

  1. Slide 1: Analysts' Briefing Q2 FY2023 Performance Review

    ANALYSTS’ BRIEFING Q2 FY2023 PERFORMANCE REVIEW 30 March 2023

  2. Slide 2: Corporate Structure

    CORPORATE STRUCTURE (31 January 2023) Key Operating Units 2

  3. Slide 3: The Macro Environment

    The Macro Environment MALAYSIA REAL GDP GROWTH 20.00 16.10 14.20 15.00 10.00 Coming from a low base y-o-y, the Malaysian 5.00 5.00 3.60 8.90 7.00 economy registered a growth of 7.0% in 4Q 0.70 0.00 -2.70 -0.50 2022 after posting an expansion of 14.2% in 1Q 2020 2Q 3Q 4Q 1Q 2021 2Q 3Q 4Q 1Q 2022 2Q 3

  4. Slide 4: HTVB Group in 2Q FY2023 (Nov 2022 – Jan 2023)

    HTVB Group in 2Q FY2023 (Nov 2022 – Jan 2023) HIGHER SALES VOLUMES BUT LOWER AVERAGE SELLING PRICE (ASP)  Higher sales volumes vs corresponding quarter last year which was still under pandemic.  Higher cost of inventories impacted the margin for downstream operating entities.  Better performance

  5. Slide 5: 2Q FY2023 vs 2Q FY2022 (corresponding quarter)

    Performance Review – 2Q FY2023 vs 2Q FY2022 (corresponding quarter) The Group’s registered a profit after tax of RM23.1m mainly contributed by JV entity, which recorded better performance due to favorable foreign exchange translation impact. (RM’M) 2Q FY22 2Q FY23 Variance Remark Revenue 333.2 360.6

  6. Slide 6: 2Q FY2023 vs 1Q FY2023 (preceding quarter)

    Performance Review – 2Q FY2023 vs 1Q FY2023 (preceding quarter) Lower revenue than preceding quarter due to lower sales volume and lower average selling price. Cost of goods sold lower and a reversal of Write-down of Inventories to Net Realisable Value. (RM’M) 1Q FY23 2Q FY23 Variance Remark Revenue

  7. Slide 7: Eastern Steel Sdn. Bhd.

    Eh Eastern Steel Sdn. Bhd. HTVB

  8. Slide 8: ESSB Performance Review – 2Q FY23 vs 1Q FY23 (preceding quarter)

    ESSB Performance Review – 2Q FY23 vs 1Q FY23 (preceding quarter) 1QFY23 2QFY23 (RM’M) Aug 22-Oct 22 Nov 22-Jan 22 Variance Remarks Volume (MT) 195.2 192.6 -1% Marginally lower demand from the market Revenue 491.9 458.6 -7% Lower Sales volume Gross Profit 23.0 47.4 106% GPM 5% 10% Higher margin due t

  9. Slide 9: ESSB Performance Review – 2Q FY23

    ESSB Performance Review – 2Q FY23 PRODUCT MIX Billet, 42% Slab, 58% MARKET DISTRIBUTION YTD2023 India 8% Thailand 17% Malaysia 40% Indonesia 34% 9

  10. Slide 10: Outlook – Cautiously Optimistic

    OUTLOOK – CAUTIOUSLY OPTIMISTIC  GROUP RECORDED A PROFIT AFTER TAX OF RM23.1 MILLION FOR 2Q FY2023 TURNAROUND FROM LOSS POSITION IN PREVIOUS QUARTER.  TRADING CONDITIONS REMAIN CHALLENGING AND UNCERTAIN WITH PERSISTENT GLOBAL INFLATIONARY PRESSURES, RISING INTEREST RATES, VOLATILE EXCHANGE RATES,

  11. Slide 11: Thank You

    HTVB THANK YOU

Hiap Teck Venture Berhad — Q2 FY2023 Earnings Presentation on 6ix