Sheng Siong Group Ltd. · SGX:OV8
Sheng Siong — Q2 2014 Earnings Presentation
10 slides from Sheng Siong's earnings presentation, Jul 23, 2014
Slide 1: 2Q2014 Results Presentation
2Q2014 Results Presentation
Slide 2: Disclaimer
Disclaimer The presentation is prepared by Sheng Siong Group Ltd. (the “Company”) and is intended solely for your personal reference and is strictly confidential. The information contained in this presentation is subject to change without notice, its accuracy is not guaranteed and it may not contain
Slide 3: Financial Highlights for 2Q2014
Financial Highlights for 2Q2014 Revenue 7.4% S$171.6 million yoy Gross profit margin 1.5 pp* 24.7% Operating profit margin 1.4pp* 7.8% Net profit 30.3% yoy S$11.1 million Retail area Maintained 400,000 sqft * pp denotes percentage points 3
Slide 4: Outlets Opening and Closing
Outlets Opening and Closing 450000 400000 350000 300000 250000 200000 335,000 348,000 400,000 400,000 ,400,000 150000 100000 50000 0 2010 2011 2012 2013 2Q2014 Total retail area (sq. ft.) Total outlets maintained at 33 as at 30 June 2014, total retail area at around 400,000 sq. ft. The key drive
Slide 5: Revenue Trend
Revenue Trend S$’ million 200.0 180.0 160.0 140.0 120.0 100.0 189.7 169.7 177.8 170.4 179.4 171.6 80.0 146.9 159.8 160.9 159.8 60.0 40.0 20.0 0.0 2Q2012 2Q2013 3Q2012 3Q2013 4Q2012 4Q2013 1Q2013 1Q2014 2Q2013 2Q2014 Revenue increased 7.4% yoy to S$171.6 million for 2Q2014, of which 2.7% was cont
Slide 6: Gross Profit Trend
Gross Profit Trend S$’ million % 23.8% 24.7% 22.9% 22.7% 22.5% 23.2% 23.2% 23.2% 25.0% 50.0 21.9% 20.0% 40.0 15.0% 30.0 45.1 42.3 10.0% 20.0 38.9 40.4 41.2 39.5 37.7 37.0 32.2 10.0 5.0% 0.0 0.0% 2Q2012 3Q2012 4Q2012 1Q2013 2Q2013 3Q2013 4Q2013 1Q2014 2Q2014 Gross profit Gross profit margin The Gro
Slide 7: Net Profit
Net Profit S$’ 000 2Q2014 2Q2013 Change 1H2014 1H2013 Change Reason(s) for change Gross profit 42,318 37,035 14.3% 87,374 77,444 12.8% Increase in gross profit as a result of higher turnover and cost efficiencies derived from the Mandai Distribution Centre. Operating (29,892) (27,685) 8.0% (61,394)
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights S$’ 000 As at 30 Jun 2014 As at 31 Dec 2013 Inventories 38,514 45,566 Trade and other payables 79,047 88,243 Property, plant and equipment (PPE) 94,621 90,756 Cash and cash equivalents 95,643 99,678 Inventories decreased by S$7.0 million because a higher level of inventory
Slide 9: Outlook
Outlook Business Outlook Competition in the supermarket industry is likely to remain keen. The Group expects to see pressure on food and manpower costs going forward. Growth strategy Continue expanding network of outlets in Singapore especially in areas without presence in Expect revenue from th
Slide 10: Questions & Answers
Investor Relations Point-of-Contact: Mark LIN / Kamal SAMUEL Tel: (65) 6438 2990 Fax: (65) 6438 0064 Email: marklin@financialpr.com.sg kamal@financialpr.com.sg or Questions & Answers staff@financialpr.com.sg