QAF Ltd. · SGX:Q01
QAF — Shareholder Meeting (April 2019)
12 slides from QAF's shareholder meeting presentation, Apr 26, 2019
Slide 1: Annual General Meeting 26 April 2019
Annual General Meeting 26 April 2019
Slide 2: Group Financials & Business Highlights
Group Financials & Business Highlights “$” means Singapore dollars unless otherwise indicated. Any discrepancies between individual amounts and totals are due to rounding. 2
Slide 3: Financial Highlights
Financial Highlights $'m 2018 2017 Change Revenue 814.9 825.8 -1 % EBITDA 50.0 74.4 -33 % EBITDA margin (%) 6.1% 9.0% -3 pp Profit after tax (PAT) 8.7 30.2 -71 % PAT margin (%) 1.1% 3.7% -3 pp Underlying earnings 22.5 51.0 -56 % Earnings per share - basic and diluted (cents) 1.4¢ 5.7¢ -75 % 3
Slide 4: Business Overview
Business Overview 1 Includes segment EBITDA of Bakery, Primary Production, Distribution and Warehousing, and Investments and Others 2 Reflects 100% of Gardenia Bakeries (KL) Sdn Bhd of which QAF’s share of 50% has been reflected in the Group’s EBITDA and PAT 4
Slide 5: Business Overview
Business Overview Distribution & Bakery Primary Production Warehousing Revenue 2018 Revenue 2018 Revenue 2018 $349m 4% $354m 6% $106m 2% EBITDA1 2018 EBITDA 2018 EBITDA 2018 $48.7m 13% $1.2m 95% $2.6m 64% EBITDA margin 2018 EBITDA margin 2018 EBITDA margin 2018 14% 0% 2% Rivalea’s feedmill at Corowa
Slide 6: Revenue ($m)
Revenue ($m) = Increase ™ Decrease © Total 826 a - (21) | 0 (2) FY 2017 Bakery Primary Distribution & Others FY 2018 Production Warehousing
Slide 7: Group EBITDA ($m)
Group EBITDA ($m) = Increase ™ Decrease © Total 8 i (23) ma (5) mz 50 (5) FY 2017 Bakery Primary Distribution & Others/ FY 2018 Production Warehousing Forex
Slide 8: Earnings & Dividends
Earnings & Dividends 8
Slide 9: Earnings and Dividends
Earnings and Dividends 2018 2017 Earnings per share 1.4¢ 5.7¢ Dividend per share 5.0¢ 5.0¢ Net gearing ratio (times) 1 0.10 (0.04) Net asset value per share $0.89 $0.94 Share price 2 $0.855 $1.04 Market capitalisation 2 $492m $592m 1 Net gearing ratio is calculated by dividing net debt against equit
Slide 10: Dividends
Dividends We have paid 5 cents dividends since 2011. 2018 dividend paid is below 4-year1 moving average EPS, which is one of the factors considered. Our dividend yield is 5.8% based on share price of 85.5 cents as at 25 Apr 2019. Our dividend yield is 8.5% based on share price of 58.5 cents
Slide 11: Important Notice
IMPORTANT NOTICE This presentation should be read in conjunction with the Company’s Annual Report for FY2018. It has been prepared without regard to the objectives, financial situation and/or needs of any specific persons. This presentation does not constitute or form any part of any offer for sale
Slide 12: Thank You
THANK YOU 12