Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — Q2 2025 Earnings Presentation
28 slides from Sime Darby Bhd's earnings presentation, Feb 24, 2025
Slide 1: Sime Darby Berhad Analyst Briefing 1H FY2025 and Q2 FY2025
Sime Darby Berhad Analyst Briefing for 1H FY2025 and Q2 FY2025 Ended 31 December 2024 24 February 2025
Slide 2: Group Financial Results
Group Financial Results
Slide 3: Reported Profit: Half-year ended 31 December 2024
1H FY 0 5 R Reported Profit: Half-year ended 31 December 2024 In RM Million 1H FY2025 1H FY2024 YoY % Revenue 35,990 29,504 22.0 PBIT 1,916 1,421 34.8 Finance income 56 56 Finance costs (360) (296) Profit before tax 1,612 1,181 36.5 Taxation (330) (294) Profit from continuing operations 1,282 887 44
Slide 4: Core Profit: Half-year ended 31 December 2024
1H FY 0 5 R Core Profit: Half-year ended 31 December 2024 In RM Million 1H FY2025 1H FY2024 YoY % Reported PBIT from continuing operations 1,916 1,421 34.8 Adjustments • Gain on disposals (including MVV Land) (499) (279) • Forex loss/(gain) on settlement of net investments 5 (25) Core PBIT from cont
Slide 5: Segmental PBIT: Half-year ended 31 December 2024
1H FY 0 5 R Segmental PBIT: Half-year ended 31 December 2024 1H FY2025 1H FY2024 Reported Core PBIT In RM Million PBIT Reported Reported Adjustment YoY % YoY % Adjustments Core PBIT Core PBIT PBIT PBIT s Continuing operations Industrial 680 (18)1 662 709 - 709 (4.1) (6.6) Motors 308 (23)2 285 395 -
Slide 6: Reported Profit: Quarter ended 31 December 2024
Q FY 0 5 R R r Pr fi : Q r r n 1D m r 2024 In RM Million Q2 FY2025 Q2 FY2024 YoY % Revenue 17,726 15,524 14.2 PBIT 702 591 18.8 Finance income 29 29 Finance costs (176) (167) Profit before tax 555 453 22.5 Taxation (150) (140) Profit from continuing operations 405 313 29.4 Non-controlling interests
Slide 7: Core Profit: Quarter ended 31 December 2024
Q FY 0 5 R r Pr fi : Q r r n 1D m r 2024 In RM Million Q2 FY2025 Q2 FY2024 YoY % Reported PBIT from continuing operations 702 591 18.8 Adjustments • Forex gain on settlement of net investments - (12) Core PBIT from continuing operations 702 579 21.2 Net finance costs (147) (138) Taxation (150) (140)
Slide 8: Segmental PBIT: Quarter ended 31 December 2024
Q FY 0 5 R S gm n PBIT: Q r r n 31 December 0 4 Q2 FY2025 Q2 FY2024 Reported Core PBIT In RM Million PBIT Reported Reported YoY % YoY % Adjustments Core PBIT Adjustments Core PBIT PBIT PBIT Continuing operations Industrial 337 - 337 351 - 351 (4.0) (4.0) - Motors 118 118 192 - 192 (38.5) (38.5) UMW
Slide 9: PBIT from continuing operations
PBIT fr m n n ng r n Half year Core PBIT from continuing operations was 27.3% higher mainly due to higher profit contribution from UMW division Q2 FY2025 vs. Q2 FY2024 (14) - 702 702 ( 12 ) Q 225 14 (14) T 591 579 (74) D ( P B I T Q2 FY24 Disposals/Net Q2 FY24 Industrial Motors UMW Corporate/ Q2 FY2
Slide 10: Snapshot of borrowings position as at 31 December 2024
Q FY 0 5 R Snapshot of borrowings position as at 31 December 2024 Long Term vs Short Term Debt Total Debt (13)% 12,449 0 4 10,833 080 4 07 4 5 5 098 4 5 4 19 RM10.8bn September 2024 ST Borrowings ST Leases December 2024 LT Borrowings LT Leases A 1D m r 0 4 RM22.5bn 0.48x 0.37x RM2.6bn B n n T Eq y D
Slide 11: Dividend: interim 3.0 sen and special 1.0 sen
Dv n 2Q FY2025 results: Declared an interim dividend of 3.0 sen and a special dividend of 1.0 sen Dv n (RM) Dividend Paid 82% Core Dividend Payout Ratio 77% The Board declared an 65% 66% 67% interim dividend of 3.0 sen per share and a 1,020 special dividend 886 886 783 of 1.0 sen per 680 share for t
Slide 12: Group: Inventory Turnover Improvements
Gr : Inv n ry O m n Enhancing Efficiency Through Inventory Turnover Improvements 01 In r Inv n ry O m n 02 M r Inv n ry O m n O r In r Eq m n n rv B B n O rM r n r n B nv r nm n ng r r n ng r y r q r ng n w n v y n rn v r Inventory (RM' mil) Inventory (RM' mil) Inventory Turnover (Days) Inventory Tu
Slide 13: Industrial Division
Industrial Division
Slide 14: Industrial Division
In r Dv n Higher revenues recorded, however overall GP% reduced slightly due to the product sales mix and Caterpillar Parts Price decrease from July 1 1.1% 4.1% Australasia 9,744 9,849 709 • Revenue increased, although profits declined due to lower 680 parts prices compared to the previous year and
Slide 15: Industrial Order Books
In r O All regions recorded higher order books in the current quarter, driven by equipment and power systems pipeline AUSTRALASIA 4,761 • Demand for commodities remain strong as export volumes of primary 4,517 commodities (copper, iron ore, met coal) are expected to grow while RM’ mil 4,235 4,250 56
Slide 16: Industrial Outlook: Australia mining and energy
In r O S r ng m n f r mm r y nfr r r v m n n n rgy r n n 1. Australia is the worlds leading 2. Globally exporter of iron ore, Australia is one metallurgical coal, of the lowest thermal coal, cost producers bauxite and the of resources. third largest exporter of Australia’s mining activity copper. re
Slide 17: Commodity export volumes expected to pick up
In r O Source: Commodity export volumes are expected to pick up Australia’s metallurgical coal sector Australia’s copper sector A r ’ m rg x r A r ’ r x r • Volumes are expected to grow over the • Exports volumes expected to rise as a next five years as new mines ramp up. result of production growth
Slide 18: Motors Division
Motors Division
Slide 19: Motors Division
M r Dv n Singapore performed well, cushioning the impact of lower sales in other markets 7.2% 22.0% 18,803 395 Malaysia 17,453 308 • Lower sales volume impacted profitability. Dec-23 China Dec-24 • Mainland China – Lower losses due to higher vehicle margins. • Hong Kong and Macau – Weaker results ma
Slide 20: Motors Division: vehicle sales by region
M r Dv n Lower vehicles sales in most markets due to intense competition 66,057 15,360 Units Sold* Units Assembled Units sold (1H FY2024: 69,340) (1H FY2024: 21,701) by region * In r n n gnm n 13,235 MALAYSIA H1 FY2025 • Vehicle sales are expected to normalise after reaching a record high in 2024, f
Slide 21: Improving Our China Earnings
S m I Im r v ng O r h n B n Our action plans to improve our China earnings is well underway, so that as the economy recovers, we are in the best position to bounce back B. Retail Optimisation and Profit Maximisation A. Strong Relationship With BMW • Increasing proportion of high margin models: • BMW
Slide 22: Motors Outlook: Exciting new models
M r O Exciting new models to drive sales 0 5P r h y nn S 0 5 BMW S r E-Hy r ( KD) fr m RM 7 000 fr m RM7 8 000 D nz D9 (M y & S ng r ) 0 5 BMW 4 Dr v 5f f fr m RM 95 000 0 5 BMW X ( hn ) Copyright © 2024 Sime Darby Berhad 22
Slide 23: UMW Division
UMW Division
Slide 24: UMW Division
UMW D v n PBIT largely contributed by the automotive business 8,651 486 Automotive • UMWT sold 54,452 units in the current period (corresponding period: 58,131 units).* Dec-23 • Perodua sold 188,001 units in the current period (corresponding Dec-24 period: 185,137 units).* 921 47 * Sales figures for
Slide 25: UMW Toyota Motor and Perodua sales and TIV
UMW D v n UMW Toyota Motor and Perodua sales & Total Industry Volume (TIV) Total Industry Volume 4 .8% 14. % 14.0% 41. % 1 .5% 41. % 799 75 81 747 9.1% 1 .5% 7.4% 358,102 7 0 58 330,325 11. % 108,107 101,035 102,317 282,019 5 9 514 508 911 72,394 220,163 190,291 59,320 2 020 2 021 2022 2023 2024 202
Slide 26: Product offerings under RON95 subsidy rationalisation
UMW D v n We have product offerings for T15 customers under all scenarios covered under RON95 subsidy rationalisation Impact of RON95 1 m r m y r 2 Th y m y v 3 S m m y v subsidy wn m r r Hy r wh r T y r v h . rationalisation. v . r. Perodua dominance Toyota Hybrids Electric Vehicles O r v r r r f r
Slide 27: Models launched
UMW D v n Models launched The New 2025 Corolla Cross From RM134k Th N w 0 5 mry Fr m RM 0 5T y GR r f f 0 5T y GR Y r f f 0 5T y r GR S r RM 15 00 RM 7 000 Copyright © 2024 Sime Darby Berhad RM149 800 27
Slide 28: Thank You
Thank You