Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — CWT — H1 2017 Earnings Presentation
11 slides from Singapore Exchange's earnings presentation, Aug 1, 2017
Slide 1: CWT Group 1H 2017 Financial Results
CWT Group 1H 2017 Financial Results 1 August 2017
Slide 2: Disclaimer
This presentation should be read in conjunction with CWT Limited’s Unaudited Financial Statement for the year ended 30 June 2017 lodged on SGXNET on 1 August 2017 Disclaimer This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outc
Slide 3: Key financial indicators: 1st Half 2017
Key financial indicators : 1st Half 2017 In S$’000 (unless otherwise specified) 1H2017 1H2016 Change Highlights: • Revenue increased mainly Revenue 5,192,226 4,242,016 22% due to general increase in commodity prices and higher volume of naphtha Operating EBITDA 1 123,538 83,488 48% traded. Operating
Slide 4: Key financial indicators: 2nd Quarter 2017
Key financial indicators : 2nd Quarter 2017 In S$’000 (unless otherwise specified) 2Q 2017 2Q 2016 Change Highlights: • Revenue increase derived Revenue 2,586,060 2,366,495 9% mainly from Commodities Marketing due to general increase in commodity Operating EBITDA 1 74,238 33,115 124% prices and high
Slide 5: 1H 2017 segmental breakdown
1H 2017 segmental breakdown Business segments Gross Gross Profit Revenue In % In % In S$’000 (unless otherwise specified) Profit Margin Logistics 435,409 8% 61,461 40% 14.1% # Commodity Marketing 4,598,897 89% 60,736 39% 1.3% Engineering 113,375 2% 15,503 10% 13.7% # Financial Services 44,545 1% 16,
Slide 6: 1H 2017 segmental contribution
1H 2017 segmental contribution Revenue by Revenue by Gross Profit by Geography Business segment Business segment S$5.2b S$5.2b S$154m# Singapore Logistics China APAC ex. China & Singapore Commodity Marketing EMEA 1% Engineering America 1% 2% Financial Services 7% 11% 12% 8% 10% 24% 40% 39% 89% 56% #
Slide 7: Performance
Performance In S$’m (unless otherwise specified) Revenue Group revenue and Operating 14,194 PATNCI increased in 2Q 2017 for 9,932 5,397 9,097 9,252 reasons highlighted in slide 4. 5,192 8,231 3,207 4,974 4,242 2,108 2012 2013 2014 2015 2016 1H 2017 Six months Full year Operating PATNCI Total PATNCI
Slide 8: Revenue analysis by segment
Revenue analysis by segment (S$’m) Commodity Marketing Freight Logistics 2,366 2,032 2,106 2,070 2,379 2,340 2,259 99 92 93 106 1,606 80 86 89 90 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 3Q'15 4Q'15 1Q'16 2Q'16 3Q'16 4Q'16 1Q'17 2Q'17 Note: Revenue for 3Q15 had been restated to better reflect
Slide 9: Balance sheet & liquidity position
Balance sheet & liquidity position As at As at In S$’m (unless otherwise specified) 30 Jun 2017 31 Dec 2016 Cash1 262 328 Equity 909 874 Collateralised short-term trade facilities 2 (564) (1,386) Net debt 3 (227) (157) Net debt/Equity (x) 0.25 0.18 Net debt/Annualised operating EBITDA (x) 0.92 0.84
Slide 10: Liquidity and debt profile
Liquidity and debt profile • Total bank facilities stood at S$4.8b. • Ample liquidity with liquidity headroom of S$3.8b. Liquidity profile Debt maturity profile (S$’b) (Exclude collateralised short-term trade facilities of S$564m) (S$’m) 5.4 4.8 4.8 200 3.4 3.5 3.8 1.9 1.4 1.1 34 248 7 2015 2016 201
Slide 11: Thank You
For enquiries, please contact: Lynda GOH Group CFO DID: +65 6307 8338 Email: shlynda@cwtlimited.com Thank You