Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q1 2021 Earnings Presentation
14 slides from Hap Seng Consolidated Bhd's earnings presentation, May 27, 2021
Slide 1: 1st Quarter Ended 31 March 2021 Results
1st Quarter Ended 31 March 2021 Results 27 May 2021
Slide 2: Scope
Scope 1 Group financials 2 Operations review 2
Slide 3: Section 1: Group financials
SECTION 1 Group financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary The Group’s businesses in 1Q21 remained (RM’ Million) 1Q21 1Q20 Change challenging amid the ongoing prolonged Revenue 1,277.5 1,475.0 (13%) COVID-19 pandemic. Gross profit 1 378.9 415.2 (9%) The Group’s revenue for 1Q21 at RM1.28 EBITDA 298.4 342.8 (13%) bil
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT (RM’ Million) 1Q21 1Q20 Change 1Q21 1Q20 Change Plantation 121.3 101.9 19% 39.8 (6.3) 728% Property 1 267.8 490.8 (45%) 143.6 253.1 (43%) Credit Financing 73.4 74.4 (1%) 55.9 67.1 (17%) Automotive 312.2 277.8 12% 2.5 (10.1) 125% Trading 2 441.0 477.2 (8
Slide 6: Group segment results – 1st Quarter
Group segment results – 1st Quarter Building Plantation Building Materials Materials 9% Trading 6% Plantation 9% 7% 14% Property 20% Automotive 1% Trading Revenue Operating 33% 1Q21 Credit Profit 20% Credit 1Q21 6% Automotive Property 23% 52% Building Plantation Trading Building Materials Materials
Slide 7: Section 2: Operations review
SECTION 2 Operations review
Slide 8: Plantations: Results benefitted from higher selling prices
Plantations Results benefitted from higher selling prices Revenue and Operating Profit for 1Q21 were higher than last year with 1Q Revenue higher average selling prices of CPO and PK, despite lower sales RM’ Mil volume of both CPO & PK due to lower production volume and timing 121.3 of deliveries.
Slide 9: Property Investment and Development
Property Investment and Development Lower contribution from project, construction and sales of non-strategic properties Revenue and Operating Profit for 1Q21 were lower than last 1Q Revenue year due to lower contribution from construction activities and RM’ Mil property development, and lower sale
Slide 10: Credit Financing
Credit Financing Operating profit affected by higher provision for impairment The Division’s revenue for 1Q21 was marginally lower 1Q Revenue than last year, mainly due to lower loan base. RM’ Mil 73.4 74.4 Loan base as at end 1Q21 at RM3.81 billion was 2% 80 below last year (1Q20: RM3.87 billio
Slide 11: Automotive
Automotive Improved results from both PV & CV The Division’s operating profit for 1Q21 improved over 1Q Revenue last year with higher revenue and better average gross RM’ Mil profit margin from both the passenger vehicle (“PV”) and 400 312.2 277.8 commercial vehicle (“CV”) businesses. 300 Revenu
Slide 12: Trading
Trading Operating profit benefitted from better margin and lower operating expenses The Division comprises the fertilizers trading (“FT”) , general trading 1Q Revenue (“GT”), and ceramic tiles business under Malaysian Mosaics Sdn Bhd RM’ Mil (“MMSB”). 477.2 441.0 Division’s revenue for 1Q21 was
Slide 13: Building Materials
Building Materials Higher operating profit from both QBM & Hafary despite lower QBM’s revenue The Division comprises the quarry, asphalts and bricks 1Q Revenue businesses (“QBM”); and trading of building materials by RM’ Mil Hafary (“Hafary”). 150 121.5 119.7 Revenue for 1Q21 was marginally high
Slide 14: Thank You
@ HAP SENG aon
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