Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — Q3 FY2021 Earnings Presentation
24 slides from Sime Darby Bhd's earnings presentation, May 25, 2021
Slide 1: FY2021 Results Announcement
FY2021 Results Announcement Analyst Briefing: Third Quarter Ended 31 March 2021 25 May 2021
Slide 2: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 3: FY2021 Financial Results: Reported Profit, 9 Months
FY2021 Financial Results Reported Profit: 9 months ended 31 March 2021 In RM Million 9M FY2021 9M FY2020 YoY % Revenue 33,141 28,113 17.9 PBIT 1,753 1,092 60.5 Finance income 32 33 Finance costs (89) (136) Profit before tax 1,696 989 71.5 Taxation (397) (305) Profit after tax 1,299 684 89.9 Non-cont
Slide 4: FY2021 Financial Results: Core Profit, 9 Months
FY2021 Financial Results Core Profit: 9 months ended 31 March 2021 In RM Million 9M FY2021 9M FY2020 YoY % Reported PBIT 1,753 1,092 60.5 Adjustments • Fair value loss on financial assets (MES) 2 11 • Loss on disposal of Jining ports 2 - • Gain on disposal of Tesco (294) - • Singapore Motors GST ref
Slide 5: FY2021 Financial Results: Segmental PBIT, 9 Months
FY2021 Financial Results Segmental PBIT: 9 months ended 31 March 2021 9M FY2021 9M FY2020 Reported Core PBIT PBIT In RM Million YoY % YoY % Reported Core Reported Core Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 663 21 665 763 111 774 (13.1) (14.1) Motors 755 (39)2 716 380 - 380 98.7 88.4
Slide 6: FY2021 Financial Results: Reported Profit, Quarter
FY2021 Financial Results Reported Profit: Quarter ended 31 March 2021 In RM Million Q3 FY2021 Q3 FY2020 YoY % Revenue 11,021 8,428 30.8 PBIT 463 265 74.7 Finance income 11 10 Finance costs (28) (51) Profit before tax 446 224 99.1 Taxation (121) (96) Profit after tax 325 128 >100.0 Non-controlling in
Slide 7: FY2021 Financial Results: Core Profit, Quarter
FY2021 Financial Results Core Profit: Quarter ended 31 March 2021 In RM Million Q3 FY2021 Q3 FY2020 YoY % Reported PBIT 463 265 74.7 Adjustments • Fair value loss on financial assets (MES) - 2 • Singapore Motors GST refund (39) - • Share of results/loss on disposal of E&O (21) 40 Core PBIT 403 307 3
Slide 8: FY2021 Financial Results: Segmental PBIT, Quarter
FY2021 Financial Results Segmental PBIT: Quarter ended 31 March 2021 Q3 FY2021 Q3 FY2020 Reported Core PBIT PBIT In RM Million Reported YoY % YoY % Reported Core Core Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 211 - 211 216 21 218 (2.3) (3.2) Motors 250 (39)2 211 103 - 103 >100.0 >100.0
Slide 9: Regional Contribution: Q3FY2021
Q3 FY2021 Financial Results Regional Contribution: Q3FY2021 ended 31 March 2021 Revenue Breakdown PBIT Breakdown Malaysia, Malaysia, 10% Australasia, 12% SE Australasia, 48% Asia, 33% SE Asia, 8% 14% China/HK, 43% China/HK, 32% Malaysia SE Asia ex Malaysia Malaysia SE Asia ex Malaysia China/HK Austr
Slide 10: Snapshot of borrowing position as at 31 March 2021
FY2021 Financial Results Snapshot of borrowing position as at 31 March 2021 L o n g T e r m v s S h o r t T e r m D e5,753 bt Total Debt 378 382 7.3% 3,423 3,191 LT Debt: 1476 1,502 LT Debt: 1,481 1,515 26 34 413 377 ST Debt: ST Debt: 1,676 1508 1,921 1,299 31-Dec-20 31-Mar-21 RM3.4bn As at 31 March
Slide 11: Core and Reported PBIT
Core and Reported PBIT Higher profits driven by record-high performance from Motors Q3 FY2020 vs Q3 FY2021 Q 3 P B I T 9M FY2020 vs 9M FY2021 Y T D P B I T 10
Slide 12: Segmental Results
Sime Segmental Results
Slide 13: Industrial Division
Industrial Division Profits declined mainly due to lower revenue in Australasia -0.1% Australasia -13.1% • Lower mining equipment and parts revenue in 11,693 11,678 763 Australia. 663 • Terra Cat contributed revenue of RM765m and PBIT of RM15m. Mar-20 • Results partly offset by the stronger AUD – 3.
Slide 14: Industrial Outlook
Industrial Outlook Order book increased by 21.4% from December 2020 AUSTRALASIA RM2,668m RM3,238 • Mixed outlook due to the ongoing political tensions between China and Australia. Order book as at +21.4% Order book as at 31 December 2020 31 March 2021 • The Australian economy is showing healthy sign
Slide 15: Motors Division
Motors Division Higher profits driven by the strong performance in most markets +31.2% +98.7% China, HK, Macau & Taiwan 755 21,274 • Performance of the China operations remain strong with high vehicle sales from the BMW China 16,210 operations. 380 • The super luxury segment observed improved Mar-20
Slide 16: Motors Division
Motors Division Higher profits driven by the strong performance in most markets 7,477 12,862 10,133 11,350 78,166 Units Sold (9M FY2020: 60,333) Units Sold Units Sold 13,592 9M 9M 10,706 FY2020 FY2021 30,800 41,579 13,476 Units Assembled (9M FY2020: 21,120) Australasia China Malaysia SE Asia MALAYSI
Slide 17: Motors Outlook
Motors Outlook Upcoming model launches expected in Q4 FY2021 The BMW iX All-New BMW X7 xDrive40i China – Q4 2021 Malaysia – May 2021 Hyundai Staria Hyundai Palisade Malaysia – Nov 2021 M a l a y s i a – J u n e 2 0 2 116
Slide 18: Logistics and Healthcare
Logistics and Healthcare Logistics – Impact of lower throughput was mitigated by forex gain Logistics Healthcare Ports -57.8% -17.3% 45 28.6% • Port operations registered 168 lower bulk and container 9 throughput by 38.1% and 139 36.6% respectively mainly 7 due to stiff competition. 19 Mar-20 Forex
Slide 19: Disclaimer
Disclaimer This presentation does not constitute and is not an offer to sell or the solicitation of an offer to buy securities of any company referred to in this presentation in the United States or elsewhere. The companies referred to herein have not registered and do not intend to register any sec
Slide 20: Thank you
Sime Thank you
Slide 21: Appendices
Sime Appendices
Slide 22: Q3 FY2021 External Revenue by Region
Q3 FY2021 Results Announcement ended 31 March 2021 Q3 FY2021 External Revenue by Region In RM Million Q3 FY2021 Q3 FY2020 YoY % Industrial Malaysia 219 237 (7.6%) SE Asia ex Malaysia 163 189 (13.8%) China/HK 1,177 750 56.9% Australia/NZ 2,413 2,546 (5.2%) 3,972 3,722 6.7% Motors Malaysia 925 836 10.
Slide 23: Q3 FY2021 PBIT by Region
Q3 FY2021 Results Announcement ended 31 March 2021 Q3 FY2021 PBIT by Region In RM Million Q3 FY2021 Q3 FY2020 YoY % Industrial Malaysia 9 2 350.0% SE Asia ex Malaysia 10 17 (41.2%) China/HK 26 17 52.9% Australasia 166 180 (7.8%) 211 216 (2.3%) Motors Malaysia 18 23 (21.7%) Singapore/Thailand 53 28 8
Slide 24: Thank you
Sime Thank you