Beshom Holdings Bhd · MYX:BESHOM
Beshom Holdings Bhd — H1 2024 Earnings Presentation
16 slides from Beshom Holdings Bhd's earnings presentation, Dec 21, 2023
Slide 1: 1HFY2024 Results Update
BESHOM HOLDINGS BERHAD 1HFY2024 Results Update 21 December 2023
Slide 2: Contents
Contents Financial Highlights 1HFY2024 Review by Segment BESHOM HOLDINGS BERHAD (Registration no. 202101001114 (1401412-A)) 1HFY2024 Results Update
Slide 3: 1HFY2024 vs. 1HFY2023
1HFY2024 vs. 1HFY2023 For the first half of the financial year, the Group recorded revenue and pre-tax profit of RM73.1 million and RM6.7 million, decreasing by 20.9% and 55.1% as compared to the previous year’s corresponding period of RM92.3 million and RM15.0 million respectively. Heightened infla
Slide 4: 1HFY2024 vs. 1HFY2023
1HFY2024 vs. 1HFY2023 1HFY2024 1HFY2023 Variance 31 Oct 2023 31 Oct 2022 +/- (RM’mil) (RM’mil) Revenue 73.07 92.34 -20.9% Pre-tax Profit 6.74 15.01 -55.1% Profit After Tax 4.85 11.12 -56.4% Net Margin (%) 6.6% 12.0% -5.4% EPS (sen) 1.59 3.63 -2.04 sen BESHOM HOLDINGS BERHAD (Registration no. 2021010
Slide 5: Statement of Financial Position
Statement of Financial Position 1HFY2024 FYE2023 31 Oct 2023 30 April 2023 (audited) (RM’mil) (RM’mil) Net cash + Short term investment 103.29 95.63 Total assets 353.10 353.18 Total liabilities 33.84 31.41 Shareholders' equity 307.35 309.66 Net assets per share (RM) 1.02 1.03 BESHOM HOLDINGS BERHAD
Slide 6: Segment Revenue
Segment Revenue 1HFY2024 Segment 1HFY2024 1HFY2023 31 Oct 2023 31 Oct 2022 Others, (RM’mil) (%) (RM’mil) (%) 4% MLM, Retail, 35% MLM 25.77 35% 42.07 46% 21% Wholesale 28.99 40% 29.77 32% Wholesale, Retail 15.46 21% 18.20 20% 40% Others 2.85 4% 2.30 2% Total 73.07 100% 92.34 100% BESHOM HOLDINGS BERH
Slide 7: Review by Segment
Review by Multi Level Marketing (“MLM”) Segment Wholesale Retail Others
Slide 8: MLM
MLM Revenue 50.00 MLM 1HFY2024 1HFY2023 Changes 40.00 Segment 31 Oct 2023 31 Oct 2022 30.00 -38.7% (RM'mil) 20.00 (RM’mil) (RM’mil) (%) 10.00 External 25.77 42.07 -38.7% - Revenue 1HFY2023 1HFY2024 Profit Before Tax Profit 0.34 4.56 -92.5% 5.00 Before Tax 4.50 4.00 3.50 (RM'mil) 3.00 2.50 2.00 1.50
Slide 9: MLM
MLM The MLM division is continuously facing challenges during the period as poor market sentiment has negatively impacted its members, particularly those from low to middle income groups. The elevated cost of living amidst lingering inflation pressures has significantly affected members’ productivit
Slide 10: Wholesale
Wholesale Revenue 30.00 29.80 Wholesale 1HFY2024 1HFY2023 Changes 29.60 Segment 31 Oct 2023 31 Oct 2022 (RM'mil) 29.40 29.20 -2.7% (RM’mil) (RM’mil) (%) 29.00 28.80 External 28.99 29.77 -2.7% 28.60 Revenue 1HFY2023 1HFY2024 Profit Before Tax Profit 4.56 7.51 -39.3% 8.00 Before Tax 7.00 6.00 5.00 (RM
Slide 11: Wholesale
Wholesale Divisional revenue decreased marginally by about 2.7% to RM29.0 million as compared to RM29.8 million in the previous year’s corresponding quarter. In comparison with the previous year’s corresponding period, divisional revenue was mainly contributed by the “last-buy” sales promotion prior
Slide 12: Retail
Retail Revenue 18.50 18.00 Retail 1HFY2024 1HFY2023 Changes 17.50 Segment 31 Oct 2023 31 Oct 2022 17.00 (RM'mil) 16.50 (%) 16.00 -14.8% (RM’mil) (RM’mil) 15.50 15.00 14.50 External 15.46 18.20 -14.8% 14.00 Revenue 1HFY2023 1HFY2024 Profit Before Tax Profit -0.21 1.31 -116.0% 1.40 Before Tax 1.20 1.0
Slide 13: Retail
Retail The retail industry in Malaysia continues to face challenges, high cost of living and interest rates have adversely affected the purchasing power of consumers. Recently, the Retail Group Malaysia (RGM) has revised downward the estimated 2023 annual growth rate from 4.8% to 2.7% for the Malays
Slide 14: "Others" segment
"Others" segment Revenue 3.00 “Others” 1HFY2024 1HFY2023 Changes 2.50 Segment 31 Oct 2023 31 Oct 2022 2.00 +23.9% (RM'mil) 1.50 (RM’mil) (RM’mil) (%) 1.00 0.50 External 2.85 2.30 +23.9% - Revenue 1HFY2023 1HFY2024 Profit Before Tax Profit 2.05 1.63 +25.8% 2.50 Before Tax 2.00 1.50 (RM'mil) +25.8% 1.
Slide 15: "Others" segment
"Others" segment Revenue from the Other division is primarily derived from the rental of investment properties, manufacturing of health supplements and credit & leasing business. During the period under review, pre-tax profit increased by 25.8% to RM2.1 million mainly due to the improved performance
Slide 16: Thank you
BES HOM THE BEST STARTS FROM HOME Thank you Wisma Hai-O, Lot 11995, Batu 2, Jalan Kapar, 41400 Klang, Selangor Darul Ehsan, Malaysia T. +603-33423322 | F.+603-33428285 | E.info@beshom.com www.beshom.com
Beshom Holdings Berhad — H1 2024 Earnings Presentation on 6ix