Drb-hicom Bhd. · MYX:DRBHCOM
Drb-hicom Bhd — Q1 2023 Earnings Presentation
19 slides from Drb-hicom Bhd's earnings presentation, May 2023
Slide 1: 1Q2023 Financial Results
1Q2023 Financial Results Quarter Ended 31 March 2023
Slide 2: Disclaimer
Disclaimer This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase, any securities and neither this presentation nor anything contained in it shall form the basis of, or be relied on in connection with any contract or commit
Slide 3: Group's Performance Highlights
Group’s Performance Highlights For the Financial Period Ended 31 March 2023 34% >100% Revenue Profit before taxation RM4.10 billion RM200.8 million 1Q2022: RM3.07 billion 1Q2022: RM4.0 million Group’s Performance Highlights For the Financial Period Ended 31 March 2023 Automotive Market Net Assets PA
Slide 4: Revenue
Revenue For the Financial Period Ended 31 March 2023 QoQ and YoY Performance RM million The Group registered a revenue of RM4.10 billion in 1Q2023 compared to RM3.07 billion in the corresponding quarter The year-on-year performance increased by RM1.03 billion or 34% largely driven by the Automotive
Slide 5: Revenue Breakdown by Sectors
Revenue Breakdown by Sectors RM million Automotive 3,024.4 QoQ -2% Automotive 3,079.9 YoY +46% 2,067.5 Aerospace and Defence 168.6 Aerospace QoQ and -50% Defence 334.7 YoY +5% 160.3 Banking 379.3 QoQ +10% Banking 346.0 YoY +33% 285.0 1Q2023 Postal 278.4 4Q2022 QoQ +1% Postal 274.5 1Q2022 YoY -9% 306
Slide 6: Profit Before Taxation
Profit Before Taxation For the Financial Period Ended 31 March 2023 QoQ and YoY Performance DRB-HICOM registered Profit Before Taxation (“PBT”) of RM200.8 million in 1Q2023 RM million compared to PBT of RM4.0 million in the corresponding quarter The higher results for the current quarter were mainly
Slide 7: Profit Before Taxation Breakdown by Sectors
Profit Before Taxation Breakdown by Sectors Aerospace Investments Automotive Banking Postal Services Properties and Defence and Others QoQ +51% QoQ -91% QoQ +3% QoQ +74% QoQ +>100% QoQ +82% QoQ +30% YoY +>100% YoY +>100% YoY -35% YoY -1% YoY +71% YoY -18% YoY -3% 230.3 152.5 43.2 41.9 RM million 25.
Slide 8: DRB-HICOM's Automotive Market Share: 35% of TIV Malaysia
DRB-HICOM’s Automotive Market Share : 35% of TIV Malaysia Strong financial results mainly driven by improved automotive sales performance Unit Unit Unit 39,871 37,998 QoQ +5% 25,589 17,507 20,106 20,444 QoQ -13% YoY +56% YoY -14% 1Q2023 4Q2022 1Q2022 1Q2023 4Q2022 1Q2022 Unit Unit QoQ +19% 6,182 5,2
Slide 9: Operational Highlights: Automotive
Operational Highlights : Automotive PROTON, Automotive Distribution (“AD”) and Manufacturing & Engineering (“M&E”) Revenue Key remarks RM million 3,024.4 3,079.9 Automotive sector recorded higher revenue of RM3,024.4 million in 203.9 221.6 1Q2023 compared to RM2,067.5 million 378.5 370.5 in 1Q2022 l
Slide 10: PROTON continued its strong start to 2023
PROTON continued its strong start to 2023 The Proton X50 enjoyed sustained popularity since its introduction in October 2020 Sales Growth Sales Volume Breakdown by Model in 1Q2023 Saga X50 Persona X70 Iriz Exora 2nd highest volume Highest volume Highest volume 2nd highest volume 4th highest volume H
Slide 11: Operational Highlights: Aerospace and Defence
Operational Highlights : Aerospace and Defence CTRM and DEFTECH Revenue Key remarks RM million 334.7 i. Aerospace & Defence sector registered higher revenue of RM168.6 million in 1Q2023 170.5 compared to RM160.3 million in 1Q2022 mainly due to: 168.6 • Higher revenue from sales of 160.3 single-aisle
Slide 12: Operational Highlights: Postal
Operational Highlights : Postal Pos Malaysia Revenue Key remarks RM million Postal sector recorded lower revenue of RM278.4 million in 1Q2023 compared to RM306.6 million in 1Q2022 mainly due to decline in courier business following the decrease in overall parcel volume consequent to: 306.6 • Increas
Slide 13: Operational Highlights: Banking
Operational Highlights : Banking Bank Muamalat Revenue Key remarks RM million Banking sector recorded improved revenue for quarter-on-quarter and year-on-year performance by 10% and 33% respectively mainly due to: • Higher financing income led by the growth in financing volume and 379.3 expansion of
Slide 14: Operational Highlights: Services
Operational Highlights : Services PUSPAKOM, DRB-HICOM University, Pos Aviation, Pos Logistics and others Revenue Key remarks RM million 204.4 Services recorded higher revenue for 3.3 189.3 184.8 quarter-on-quarter and year-on-year 2.5 2.0 performance by 8% and 11% 44.6 respectively mainly due to: 39
Slide 15: Operational Highlights: Properties
Operational Highlights : Properties Property Concession and Property Development Revenue Key remarks RM million i. Properties recorded lower revenue for quarter-on-quarter and year-on-year performance by 61% and 26% respectively due to: • Lower revenue recognised from property development projects 1
Slide 16: Balance Sheet Management
Balance Sheet Management As at 31 March 2023 Total Assets 31 March 2023 31 December 2022 Δ Property, Plant & Equipment 5.3 5.3 - Banking Related Assets 32.3 30.6 +5.6% Inventories 4.6 4.6 - Cash & Bank Balances 2.2 2.2 - Trade & Other Receivables 4.9 4.8 +2.1% Others 4.3 4.0 +7.5% TOTAL 53.6 51.5 +4
Slide 17: ESG Global Index Benchmarking
ESG Global Index Benchmarking DRB-HICOM outperformed automotive sector and country average ESG Rating by 2.0 3.0 2.0 2.1 2.1 1.0 2.6 1.6 1.2 Climate Change Environmental Supply Chain Pollution & Resources 4.0 5.0 4.0 above industry average 3.0 2.4 1.7 2.9 2.5 2.6 2.1 2.1 1.2 Health & Safety Human Ri
Slide 18: Key Shareholders of DRB-HICOM
Key Shareholders of DRB-HICOM Percentage of shareholding as at 31 March 2023 76.2 76.5 76.2 76.3 76.3 3.5 3.7 3.7 3.7 3.7 6.0 6.1 6.1 6.3 6.6 10.8 10.8 10.5 10.4 10.1 55.9 55.9 55.9 55.9 55.9 31 March 2022 30 June 2022 30 September 2022 31 December 2022 31 March 2023 Etika Strategi Sdn Bhd Employees
Slide 19: Thank you
Thank you Investor Relations E invest@drb-hicom.com tel +603 2052 8194 / 8942 Level 5, Wisma DRB-HICOM, No. 2 Jalan Usahawan U1/8, Seksyen U1, 40150 Shah Alam, Selangor, Malaysia