Beshom Holdings Bhd · MYX:BESHOM
Beshom Holdings Bhd — Shareholder Meeting (September 2024)
10 slides from Beshom Holdings Bhd's shareholder meeting presentation, Sep 26, 2024
Slide 1: 4th Annual General Meeting
4TH ANNUAL GENERAL MEETING 26 SEPTEMBER 2024
Slide 2: FY2024 Financial Performance
FY2024 Financial Sustainability Performance Business Segment Assessing the next Overview financial year 2
Slide 3: Group financial performance statement
“The financial performance of the Group was challenged by the current operating environment. BESHOM was not immune to these headwinds, but all our business segments continued to record profits albeit at a more moderated level and the financial position of the Group remained robust” 3
Slide 4: Business Segment Overview
▪ The consolidated BESHOM Group operates an integrated business model that includes MLM, Wholesale, Retail business and complemented by other businesses ▪ Our “Hai-O” branding is a household name and continues to act as our key brand ambassador as a trusted traditional health food supplier 4
Slide 5: MLM segment performance
▪ Recovery in the MLM segment post COVID-19 has been more challenging. Spending by MLM members continues to adjust due to a volatile monetary regime and inflationary pressures. ▪ The segment revenue declined by approximately 26.4%, from RM70.7 million in FY2023 to RM52.0 mil, and recorded a PBT of R
Slide 6: Wholesale segment performance
▪ The Wholesale segment had a strong performance in FY2023, and continued to be the Group’s best performing business segment in FY2024 ▪ The revenue for the segment decreased marginally by 2.3% to RM58.3 mil, while PBT for FY2024 is RM8.5 mil ▪ The revenue was impacted by the sales of Chinese medica
Slide 7: Retail segment performance
▪ The Retail segment faced persistent challenges due to evolving consumer buying behaviour over the past few years ▪ The segment posted a revenue of RM34.7 mil and a PBT of RM0.5 mil ▪ The segment’s topline revenue was affected by weak consumer spending. However, profitability of the segment was mai
Slide 8: Sustainability
▪ At BESHOM Group, we aim to create sustainable value for our stakeholders, including shareholders and investors, our employees, our customers and consumers, our supply chain partners and business associates, and not forgetting the society, communities within the reach of our operations and products
Slide 9: Assessing the next financial year
▪ The retail sector is expected to face challenges due to the increase in the SST, weak consumer spending, elevated inflation, and fuel subsidy rationalization; but partially offset by pay rise for civil servants and the return of international tourists ▪ We continue to believe there are opportuniti
Slide 10: Thank You
THANK YOU 10
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