British American Tobacco Malaysia Bhd. · MYX:BAT
British American Tobacco Malaysia Bhd — Q3 2016 Earnings Presentation
16 slides from British American Tobacco Malaysia Bhd's earnings presentation, Oct 24, 2016
Slide 1: Analyst Briefing Quarter 3, 2016
ANALYST BRIEFING QUARTER 3, 2016 24th October 2016
Slide 2: Agenda
AGENDA Q3 2016 Headlines Industry Review Company Review Q3 2016 Results: Financial Highlights
Slide 3: Q3 2016 Headlines
Q3 2016 Headlines Financial Performance (YTD Sep vs. SPLY): negatively impacted by volume decline Revenue: -17.2% Profit from Operations: -37.7% (excl. one-off restructuring expenses: -28.8%) Industry Duty Paid Domestic volumes: declined by -28.6% vs. SPLY (YTD Sep’16 vs SPLY) Illegal cigarettes
Slide 4: Industry Review
BRITISH AMERICAN TOBACCO MALAYSIA Industry Review
Slide 5: YTD Sep'16, legal market declined -28.6% vs. SPLY
YTD Sep’16, legal market declined -28.6% vs. SPLY Big-3 IMS (mns) 988 926 860 734 686 651 643 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 YTD Sep’16 vs. SPLY: Monthly Avg. YTD Sep’15 YTD Sep’16 Change Industry 925 660 -28.6% BAT 584 396 -32.3% Source : In-Market Sales (Sales to retail outlets) & not E
Slide 6: Company Review
BRITISH AMERICAN TOBACCO MALAYSIA Company Review
Slide 7: Share of Market – Malaysia (%)
-2.8ppt Share of Market – Malaysia (%) 60.9 60.5 58.1 58.5 58.1 57.3 57.9 58.3 57.9 57.2 57.4 5.6 6.1 1.4 6.3 6.4 6.2 6.2 6.3 6.2 6.2 6.1 6.4 1.3 4.5 1.2 4.3 1.2 1.2 1.2 1.2 1.2 1.2 1.1 1.2 4.3 4.4 4.2 4.3 4.2 4.2 4.3 4.3 4.3 46.1 43.3 45.6 43.5 43.6 43.4 43.9 43.4 42.8 42.8 42.7 2015 YTD Aug'16 Q4'
Slide 8: Dunhill share of market YTD Aug'16
-2.8ppt GPI 46.1 46.9 45.1 44.0 43.9 43.3 43.1 43.3 43.4 43.4 42.8 42.7 4.0 4.1 3.9 3.4 3.7 3.4 3.8 3.7 3.7 3.6 3.7 3.7 3.7 4.0 3.5 3.3 3.4 3.4 3.4 3.4 3.5 3.5 3.6 3.5 38.7 36.1 39.4 37.9 36.7 36.2 36.4 36.8 36.2 35.9 35.6 35.2 2015 YTD Aug'16 OCT15 NOV15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16 AU
Slide 9: Peter Stuyvesant share of market YTD Aug'16
+0.7ppt 6.3 6.6 6.4 6.3 6.3 6.2 6.2 6.4 6.1 0.2 6.1 5.6 0.3 5.8 0.2 0.3 0.2 0.3 0.3 0.3 0.3 0.3 0.2 0.2 1.6 1.8 2.1 1.6 1.6 1.9 1.9 2.0 1.9 1.9 1.3 1.8 4.0 3.8 4.0 4.3 4.1 4.0 4.0 3.7 3.8 3.9 4.1 3.7 2015 YTD Aug'16 OCT15 NOV15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16 AUG16 Full Flavour Lights Ment
Slide 10: Pall Mall share of market YTD Aug'16
-0.2ppt 4.5 4.4 4.4 4.4 4.4 4.3 4.3 4.2 4.2 4.3 4.3 4.3 1.9 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.8 1.7 1.8 0.9 0.9 0.9 0.9 0.9 1.0 0.9 0.9 0.9 0.9 0.9 0.9 1.7 1.6 1.7 1.6 1.7 1.7 1.8 1.8 1.5 1.6 1.7 1.6 2015 YTD Aug'16 OCT15 NOV15 JAN16 FEB16 MAR16 APR16 MAY16 JUN16 JUL16 AUG16 Full Flavour Lights Ment
Slide 11: Q3 2016 Results: Financial Highlights
Q3 2016 Results Financial Highlights OBACCO
Slide 12: Volumes, Revenue and Profit from Operation
Domestic & DF Volumes (mn stick)) Contract Manufacturing Volumes (mn stick) Cigarette Semi Finished 1,311 602 -49.6% -32.3% 1,883 615 1,275 1,014 557 Q3 2015 Q3 2016 Q3 2015 Q3 2016 Revenue (RM'mn) Profit from Operation (RM'mn) 1,162 -19.8% 349 -28.9% 248 932 Q3 2015 Q3 2016 Q3 2015 Q3 2016
Slide 13: Revenue and Net Turnover
Domestic & DF Volumes (mn stick)) Contract Manufacturing Volumes (mn stick) Cigarette Semi Finished 5,071 -30.0% 5,642 -41.9% 2,230 3,948 3,449 2,720 Q3 2015 Q3 2016 Q3 2015 Q3 2016 Revenue (RM'mn) Net Turnover (RM'mn) -17.2% -23.5% 3,524 1,941 2,916 1,485 Q3 2015 Q3 2016 Q3 2015 Q3 2016
Slide 14: Gross Profit, Operating Expenses, Profit and EPS
Gross Profit (RM'mn) Operating Expenses (RM'mn) -23.1% 340 -7.2% 1,302 316 1,002 Q3 2015 Q3 2016 Q3 2015 Q3 2016 Profit from Operation (RM'mn) Earning per Share (Sen/share) Excl. One Off / Excl. One Off / Restructuring (*) Restructuring (*) -28.8% -27.9% -37.7% 251 -39.6% 966 688 181 151 151 602 602
Slide 15: Dividends 2015 and 2016 YTD
2015 2016 YTD RM 3.12 RM1.55 98.0% Payout 103% Payout 0.78 0.78 0.78 0.78 0.55 0.55 0.45 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 16: Thank You
TOBACCO THANK YOU
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