PPB Group Bhd. · MYX:PPB
PPB Group Bhd — FY2022 Earnings Presentation
31 slides from PPB Group Bhd's earnings presentation, February 2023
Slide 1: Unaudited Results for the Financial Year Ended 31 December 2022
UNAUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely estimates and targets, based on circumstances and reasonable assumptions
Slide 2: Agenda
AGENDA GROUP FINANCIAL HIGHLIGHTS REVIEW OF MAJOR OPERATIONS Financial Performance Key Events in 2022 Developments for 2023 5-YEAR PBT RECORD CAPITAL AND OTHER COMMITMENTS DIVIDEND SUSTAINABILITY HIGHLIGHTS SHARIAH-COMPLIANCE STATUS PROSPECTS FOR 2023 2
Slide 3: Group Financial Highlights
GROUP FINANCIAL HIGHLIGHTS PPB GROUP BERHAD
Slide 4: Financial Results for the Year Ended 31 Dec 2022
GROUP FINANCIAL HIGHLIGHTS FINANCIAL RESULTS FOR THE YEAR ENDED 31 DEC 2022 (Figures in RM) 2022 2021 Change Revenue N1 6.26 bil 4.86 bil 29% Operating Expenses N2 6.11 bil 4.87 bil 25% Share of Wilmar’s Profit 2.10 bil 1.50 bil 40% Profit Before Tax 2.25 bil 1.50 bil 50% Profit attributable to 2.20
Slide 5: Segmental Information: Segmental Revenue
GROUP FINANCIAL HIGHLIGHTS SEGMENTAL INFORMATION FOR THE YEAR ENDED 31 DEC 2022 Segmental Revenue – RM6.26 billion, up 29% Grains & Consumer Film Property Environment Other Total Agribusiness Products Exhibition & al Operations Distribution Engineering & Utilities (Discontinued Operation) RM6.26 bil
Slide 6: Segmental Information: Segment Profit/(Loss)
GROUP FINANCIAL HIGHLIGHTS SEGMENTAL INFORMATION FOR THE YEAR ENDED 31 DEC 2022 Segment Profit/(Loss) – RM 2.25 billion, up 50% Other Grains & Property Consumer Environmental Film Total Operations Agribusiness Products Engineering & Exhibition & Utilities Distribution (Discontinued Operation) RM2.2
Slide 7: Review of Major Operations
REVIEW OF MAJOR OPERATIONS Financial Performance Key Events in 2022 Developments for 2023
Slide 8: Grains & Agribusiness Financial Performance
GRAINS & AGRIBUSINESS FINANCIAL PERFORMANCE + 26% + 21% Revenue Segment Profit FY22 RM4.66 bil FY22 RM74 mil FY21 RM3.69 bil FY21 RM62 mil The improved performance was largely due to a more stable grain commodity market. 8
Slide 9: Consumer Products Financial Performance
CONSUMER PRODUCTS FINANCIAL PERFORMANCE + 17% + > 100% Revenue Segment Profit FY22 RM751 mil FY22 RM34 mil FY21 RM644 mil FY21 RM6.5 mil Improvement in segment performance was mainly due to higher sales of bakery and other fast-moving consumer products. 9
Slide 10: Consumer Products Key Events in 2022
CONSUMER PRODUCTS KEY EVENTS IN 2022 New Product Launched Massimo Torta sponge cakes New Products for Distribution Bepanthen Berocca Redoxon Zam-buk Praise Whole Egg Mayo Praise Potato Salad Praise Seafood Sauce 10
Slide 11: Film Exhibition & Distribution Financial Performance
FILM EXHIBITION & DISTRIBUTION FINANCIAL PERFORMANCE + > 100% + 85% Revenue Segment Loss FY22 RM515 mil FY22 RM(17) mil FY21 RM116 mil FY21 RM(113) mil The segment recorded a loss of RM17 million for FY2022. Included in the segment results for FY2022 was an impairment on investment in an associate
Slide 12: Film Exhibition Key Events in 2022: Happy Food Co
FILM EXHIBITION & DISTRIBUTION KEY EVENTS IN 2022 Launched Happy Food Co ready-to-eat snacks namely, gourmet popcorn and crispy salmon skin 12
Slide 13: Film Exhibition Key Events in 2022: GSC Rewards
FILM EXHIBITION & DISTRIBUTION KEY EVENTS IN 2022 Launched GSC Rewards in July to build customer loyalty, drive more admissions, retain and attract new cinemagoers. 13
Slide 14: Film Exhibition Key Events in 2022: BIG Halls
FILM EXHIBITION & DISTRIBUTION KEY EVENTS IN 2022 Launched BIG halls for better immersive experience at seven GSC locations :- • Paradigm Mall, Johor Bahru • Aeon Mall Bandar Dato’ Onn, Johor Bahru • MyTOWN Shopping Centre, Kuala Lumpur • Kuantan City Mall, Kuantan • Tropicana Gardens Mall, Petali
Slide 15: Film Exhibition Developments for 2023: Screens and Locations
FILM EXHIBITION & DISTRIBUTION DEVELOPMENTS FOR 2023 To date, the Group operates :- NO. OF NO. OF SCREENS LOCATIONS GSC, Malaysia 502 54 Galaxy Studio JSC, Vietnam 111 19 15
Slide 16: Film Exhibition Developments for 2023: Targeted Cinema Openings
FILM EXHIBITION & DISTRIBUTION DEVELOPMENTS FOR 2023 GSC targets to open the following cinemas :- LOCATION NO. OF TARGET SCREENS OPENING DATE Bukit Bintang City Centre 12 2Q2023 163 Retail Park 3 3Q2023 KL East Mall 8 4Q2023 Total 23 16
Slide 17: Property Financial Performance
PROPERTY FINANCIAL PERFORMANCE + 23% + > 100% Revenue Segment Profit FY22 RM141 mil FY22 RM35 mil FY21 RM114 mil FY21 RM15 mil The improvement in revenue and profit were mainly attributable to new sales and progressive profit recognition from the completed Megah Rise residential project as well as
Slide 18: Property Key Events in 2022
PROPERTY KEY EVENTS IN 2022 Vacant Possession – August 2022 Opening of Megah Rise Mall - 18 December 2022 18
Slide 19: 5-Year PBT Record
5-YEAR PBT RECORD PPB GROUP BERHAD
Slide 20: 5-Year PBT of PPB Group
5-YEAR PBT OF PPB GROUP RM Million CAGR* +12.10% 2,500 2,250 2,000 1,498 1,500 1,421 1,272 1,168 1,000 500 0 2018 2019 2020 2021 2022 Year * CAGR = Compound Annual Growth Rate 20
Slide 21: Capital and Other Commitments
CAPITAL AND OTHER COMMITMENTS
Slide 22: Capital and Other Commitments by Segment
CAPITAL AND OTHER COMMITMENTS BY SEGMENT RM396 mil RM357 mil RM66 mil RM23 mil Grains & Film Exhibition & Consumer Products & Property Agribusiness Distribution Others • Investments in • New cinema sites in • System automation, • Refurbishment of China flour mills Malaysia plant equipment investment
Slide 23: Dividend
DIVIDEND PPB GROUP BERHAD
Slide 24: Dividend
DIVIDEND Dividend Dividend Paid/ Dividend Payout Ratio Per Share Payable Yield Group Company Year (sen) (RM Million) (%) (%) (%) 2022 - Interim 12 171 17 45 - Proposed 28 398 2.3 # 32 >100 Final* 40 569 26 85 2021 35 498 2.0 33 62 2020 46^ 655 2.5 50 > 100 2019 31 441 1.6 38 94 2018 28 399 1.6 37 89
Slide 25: Sustainability
SUSTAINABILITY PPB GROUP BERHAD
Slide 26: Sustainability Key Highlights
SUSTAINABILITY SUSTAINABILITY KEY HIGHLIGHTS Improved FTSE4Good overall New policies on Invested RM3 million into scoring in the environment, Climate Change, the community and social and governance Waste Management benefited over 16,000 and Nutrition peoples Progress on the More than RM4 million was
Slide 27: Status of Shariah Compliance
STATUS OF SHARIAH COMPLIANCE
Slide 28: Status of Shariah Compliance
STATUS OF SHARIAH COMPLIANCE PPB is classified as shariah-compliant based on an updated list of shariah- compliant securities by the Securities Commission's Shariah Advisory Council dated 25 November 2022. 28
Slide 29: Prospects
PROSPECTS PPB GROUP BERHAD
Slide 30: Prospects
PROSPECTS Performance of the Grains and agribusiness segment improved as grain commodity prices stabilized, particularly in the second half of 2022. We expect grain commodity prices to remain volatile given the uncertain weather conditions in the major grains-growing countries and on-going Russian-
Slide 31: Prospects: Film Exhibition, Property and Wilmar
PROSPECTS The Malaysian operations of the Film exhibition and distribution segment closed on a positive note in the fourth quarter of 2022, attributable mainly to better performance of several major blockbusters during the holiday season. For 2023, we expect performance of the segment to improve fur