Jardine Matheson Holdings Limited · SGX:J36

Jardine Matheson — H1 2016 Earnings Presentation

17 slides from Jardine Matheson's earnings presentation, Aug 18, 2016

  1. Slide 1: Half-Yearly Results 2016

    HALF-YEARLY RESULTS 2016 Presentation to Analysts 18st August 2016

  2. Slide 2: Jardine Matheson Group at 30th June

    Jardine Matheson Group at 30th June JMH JSH Ownership Economic Economic % Interest Interest Jardine Pacific 100 100 57 Jardine Motors 100 100 57 Jardine Lloyd Thompson 42 42 24 Jardine Strategic 83 83 - - Hongkong Land 50 42 50 - Dairy Farm 78 65 78 - Mandarin Oriental 77 65 77 - Jardine Cycle & Car

  3. Slide 3: Jardine Matheson Financial Summary

    Jardine Matheson Financial Summary Interim Interim Annual US$m 2016 2015 * chg 2015 * Revenue (including associates) 34,569 31,506 10% 65,271 Revenue 18,026 18,769 - 4% 37,007 Underlying PBT 1,726 1,887 - 9% 3,507 Underlying profit 636 666 - 4% 1,360 Non-trading items 348 42 439 Shareholders’ funds

  4. Slide 4: Jardine Matheson Underlying Profit Contribution

    Jardine Matheson Underlying Profit Contribution Interim Interim US$m 2016 2015 * chg Jardine Pacific 54 56 - 5% Jardine Motors 49 33 50% Jardine Lloyd Thompson 31 43 - 27% Hongkong Land 163 173 - 6% Dairy Farm 128 123 4% Mandarin Oriental 15 20 - 24% Jardine Cycle & Carriage 58 51 15% Astra 155 179

  5. Slide 5: Jardine Matheson Non-Trading Items

    Jardine Matheson Non-Trading Items Interim Interim US$m 2016 2015 Change in fair value of investment properties in Hongkong Land and Jardine Pacific 363 43 Litigation costs (10) - Change in interest in an associate (3) (1) Sale of businesses (1) 2 Reversal of asset impairment - 4 Restructuring of bu

  6. Slide 6: Jardine Pacific Underlying Profit Contribution

    Jardine Pacific Underlying Profit Contribution Interim Interim Annual US$m 2016 2015 chg 2015 Jardine Schindler 20 20 - 1% 41 JEC 6 6 - 2% 27 Gammon 8 11 - 26% 29 Jardine Restaurants 14 10 46% 19 Transport Services 6 11 - 50% 32 JTH Group 3 2 63% 6 Jardine Property Investment 3 3 - 13% 6 Corporate &

  7. Slide 7: Jardine Motors Underlying Profit Contribution

    Jardine Motors Underlying Profit Contribution Interim Interim Annual US$m 2016 2015 chg 2015 China (incl. HK & Macau) 27 10 169% 40 UK 23 24 - 1% 38 Corporate (1) (1) - 50% (1) Underlying profit 49 33 50% 77

  8. Slide 8: Jardine Lloyd Thompson Financial Summary

    Jardine Lloyd Thompson Financial Summary* £m Interim Interim Annual 2016 2015 chg 2015 Underlying trading profit 98 102 - 4% 187 Underlying profit 61 66 - 9% 112 Underlying EPS, pence 27.6 30.3 - 9% 51.2 DPS, pence 11.6 11.1 5% 30.6 Net debt (544) - 24% (440) * 100% basis

  9. Slide 9: Jardine Strategic Financial Summary

    Jardine Strategic Financial Summary** Interim Interim Annual US$m 2016 2015 * chg 2015 * Underlying profit 664 700 - 5% 1,424 Non-trading items 424 46 531 Shareholders’ funds 24,930 4% 23,919 Underlying EPS, US$ 1.12 1.16 - 3% 2.37 DPS, US¢ 9.00 8.50 6% 28.50 NAV per share, US$*** 55.46 11% 49.99 *

  10. Slide 10: Hongkong Land Financial Summary

    Hongkong Land Financial Summary* Interim Interim Annual US$m 2016 2015 chg 2015 Underlying profit 393 419 - 6% 905 Non-trading items 870 94 1,107 Underlying EPS, US¢ 16.70 17.82 - 6% 38.44 DPS, US¢ 6.00 6.00 - 19.00 Total equity 29,774 4% 28,720 NAV per share, US$ 12.64 4% 12.19 Net debt (2,322) 1%

  11. Slide 11: Dairy Farm Financial Summary

    Dairy Farm Financial Summary* Interim Interim Annual US$m 2016 2015 chg 2015 Underlying profit 199 193 3% 428 Underlying EPS, US¢ 14.74 14.25 3% 31.66 DPS, US¢ 6.50 6.50 - 20.00 NAV per share, US¢ 103.60 2% 101.75 Net debt (602) - 25% (482) Gearing 41% 33% * 100% basis

  12. Slide 12: Mandarin Oriental Financial Summary

    Mandarin Oriental Financial Summary* Interim Interim Annual US$m 2016 2015 chg 2015 Underlying EBITDA*** 71 82 - 14% 188 Underlying profit 25 33 - 26% 90 Underlying EPS, US¢ 1.97 2.92 - 33% 7.53 DPS, US¢ 1.50 2.00 - 5.00 Adjusted NAV per share, US$** 2.83 2.84 Net debt (304) - 130% (132) Gearing** 9

  13. Slide 13: Jardine Cycle & Carriage Financial Summary

    Jardine Cycle & Carriage Financial Summary** Interim Interim Annual US$m 2016 2015 * chg 2015 * Astra 249 292 - 15% 471 Direct motor interests 78 69 13% 141 Other interests 15 12 29% 30 Corporate costs (10) (12) 12% (10) Underlying profit 332 361 - 8% 632 Underlying EPS, US¢ 84 99 - 15% 167 DPS, US¢

  14. Slide 14: Astra Contribution to JC&C

    Astra Contribution to JC&C Interim Interim Annual US$m 2016 2015 * chg 2015 * Automotive 136 122 11% 242 Financial services 47 80 - 42% 132 Heavy equipment & mining 42 79 - 47% 87 Agribusiness 24 14 74% 18 Infrastructure, logistics & others 5 3 108% 9 Information technology 3 3 - 7% 8 Withholding ta

  15. Slide 15: Jardine Matheson Analysis of Net Debt

    Jardine Matheson Analysis of Net Debt US$m Jun 2016 Gearing Dec 2015 Gearing Jardine Pacific / Jardine Motors (502) 39% (581) 47% Hongkong Land (2,322) 8% (2,341) 8% Dairy Farm (602) 41% (482) 33% Mandarin Oriental (304) 9% (132) 4% Jardine Cycle & Carriage 79 - 42 - Astra 233 - 132 - Jardine Mathes

  16. Slide 16: Outlook

    Outlook

  17. Slide 17: Half-Yearly Results 2016

    HALF-YEARLY RESULTS 2016 Presentation to Analysts 18st August 2016

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