Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Halcyon Agri — FY2016 Earnings Presentation
12 slides from Singapore Exchange's earnings presentation, Feb 27, 2017
Slide 1: 2016 Full Year Financial Results
2016 FULL YEAR FINANCIAL RESULTS 27 February 2017
Slide 2: Important notice
Important notice This presentation has been prepared by Halcyon Agri Corporation Limited (“Company”) for informational purposes, and may contain projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views ar
Slide 3: FY 2016 highlights
FY 2016 highlights Financial performance Revenue of US$1.0 billion Profit Before Tax of US$75.3m Corporate activities Sinochem International Corporation (“SIC”) became the majority shareholder Acquisition of GMG Global Ltd and SIC natural rubber business completed Syndicated financing faci
Slide 4: Key financials
Key financials Q4 Full year US$m 2016 2015 2016 2015 Revenue 441.4 213.4 1,010.3 994.7 Gross profit 22.7 8.2 50.9 62.2 Operating profit1 106.7 5.3 100.4 33.6 Net income/(loss) 98.2 (1.6) 71.9 4.7 Sales volume (mT) 306,227 156,988 739,210 667,800 Revenue/mT (US$) 1,441 1,359 1,367 1,490 Gross profit/
Slide 5: FY 2016 segment contributions
FY 2016 segment contributions Sales volume1 (mT) Revenue1 (US$m) 2,886 4,934 364,045 496,887 484,791 662,949 Processing contributed roughly two thirds of sales and revenue Processing operating loss due to Processing Distribution Plantations Processing Distribution Plantations margin compression, eff
Slide 6: Operational metrics: Processing
Operational metrics: Processing Sales volume (mT) Average revenue/mT (US$) 2,591 484,791 382,145 1,710 1,455 1,481 1,367 217,979 185,990 79,108 Challenging pricing pressured margins 2013 2014 2015 Q4 2016 2016 2013 2014 2015 Q4 2016 2016 Sales volume hindered by AETS in first half of Gross profit/mT
Slide 7: Operational metrics: Distribution
Operational metrics: Distribution Sales volume (mT) Average revenue/mT (US$) 392,343 364,045 1,562 1,489 1,436 147,913 1,365 Emphasis on margin and 112,033 maintain a cautious approach towards distribution 2014 2015 Q4 2016 2016 2014 2015 Q4 2016 2016 opportunities Gross profit/mT (US$) Operating pr
Slide 8: Operational metrics: Plantations
Operational metrics: Plantations Planted Area Unplanted 25% Cumulative Land area (freehold & leasehold) 122,856 ha Plantable area 84,090 ha Immature plantation 18,294 ha Hevecam 61% Sudcam 9% Mature plantation 14,848 ha TRCI 2% JFL 4% 8
Slide 9: Cash flow
Cash flow Q4 Full year US$m 2016 2015 2016 2015 Net cash (used in)/generated from operating activities, before working capital changes (14.2) (4.2) (12.5) 15.3 Changes in working capital (62.8) 8.1 (37.1) 3.5 Net cash (used in)/generated from operating activities (77.0) 3.9 (49.6) 18.8 Investing act
Slide 10: Balance sheet
Balance sheet US$m 31-Dec-16 31-Dec-15 Total assets 1,558.4 658.0 Working capital cash and bank balances 66.6 70.5 Inventories 320.0 102.9 Trade receivables 98.1 65.0 Total working capital assets 484.7 238.4 Total liabilities (910.5) (532.9) Trade payables (46.3) (11.2) Working capital loans (curren
Slide 11: Scale, Scope & Reach
Scale, Scope & Reach 84,000 ha 1.4 million mT Sales presence & logistics assets in Plantable Africa & Malaysia plantations Global procurement origins reach 32 Production Facilities Cities worldwide 11
Slide 12: 2016 Full Year Financial Results
2016 FULL YEAR FINANCIAL RESULTS 27 FEBRUARY 2017