Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — H1 2021 Earnings Presentation
23 slides from Sime Darby Bhd's earnings presentation, Feb 25, 2021
Slide 1: FY2021 Results Announcement
FY2021 Results Announcement Analyst Briefing: Half Year Ended 31 December 2020 25 Feb 2021
Slide 2: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 3: FY2021 Financial Results: Reported Profit, Half-year
FY2021 Financial Results Reported Profit: Half-year ended 31 December 2020 In RM Million 1H FY2021 1H FY2020 YoY % Revenue 22,120 19,685 12.4 PBIT 1,290 827 56.0 Finance income 21 23 Finance costs (61) (85) Profit before tax 1,250 765 63.4 Taxation (276) (209) Profit after tax 974 556 75.2 Non-contr
Slide 4: FY2021 Financial Results: Core Profit, Half-year
FY2021 Financial Results Core Profit: Half-year ended 31 December 2020 In RM Million 1H FY2021 1H FY2020 YoY % Reported PBIT 1,290 827 56.0 Adjustments • Fair value loss on financial assets (MES) 2 9 • Loss on disposal of Jining ports 2 - • Gain on disposal of Tesco (294) - • Share of profit/impairm
Slide 5: FY2021 Financial Results: Segmental PBIT, Half-year
FY2021 Financial Results Segmental PBIT: Half-year ended 31 December 2020 1H FY2021 1H FY2020 Reported Core PBIT PBIT In RM Million YoY % YoY % Reported Core Reported Core Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 452 21 454 547 91 556 (17.4) (18.3) Motors 505 - 505 277 - 277 82.3 82.3
Slide 6: 2Q FY2021 Regional Contribution
2Q FY2021 Financial Results Regional Contribution: 2QFY2021 ended 31 December 2020 Revenue Breakdown PBIT Breakdown Malaysia, Australasia, Australasia, 13% Malaysia, 30% 30% 30% SE Asia, 14% SE Asia, 6% China/HK, 43% China/HK, 34% Malaysia SE Asia ex Malaysia Malaysia SE Asia ex Malaysia China/HK Au
Slide 7: FY2021 Financial Results: Reported Profit, Quarter
FY2021 Financial Results Reported Profit: Quarter ended 31 December 2020 In RM Million Q2 FY2021 Q2 FY2020 YoY % Revenue 11,243 10,209 10.1 PBIT 843 447 88.6 Finance income 9 12 Finance costs (28) (46) Profit before tax 824 413 99.5 Taxation (156) (116) Profit after tax 668 297 124.9 Non-controlling
Slide 8: FY2021 Financial Results: Core Profit, Quarter
FY2021 Financial Results Core Profit: Quarter ended 31 December 2020 In RM Million Q2 FY2021 Q2 FY2020 YoY % Reported PBIT 843 447 88.6 Adjustments • Fair value loss on financial assets (MES) 1 5 • Loss on disposal of Jining ports 2 - • Gain on disposal of Tesco (294) - • Share of profit/impairment
Slide 9: FY2021 Financial Results: Segmental PBIT, Quarter
FY2021 Financial Results Segmental PBIT: Quarter ended 31 December 2020 Q2 FY2021 Q2 FY2020 Reported Core PBIT PBIT In RM Million Reported YoY % YoY % Reported Core Core Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 256 11 257 287 51 292 (10.8) (12.0) Motors 282 - 282 143 - 143 97.2 97.2 Lo
Slide 10: Snapshot of borrowing position as at 31 Dec 2020
FY2021 Financial Results Snapshot of borrowing position as at 31 Dec 2020 Long Term vs Short Term Debt Total Debt 3,362 -5% 3,191 LT Debt: 1,483 LT Debt: 1,588 1,481 1,515 105 375 34 377 ST Debt: ST Debt: 1,774 1,399 1,299 1,676 RM3.2bn 30-Sep-20 31-Dec-20 ST Borrowings ST Leases LT Borrowings LT Le
Slide 11: Segmental Results
Sime Segmental Results
Slide 12: Industrial Division
Industrial Division Profits declined mainly due to lower revenue in Australasia -3.3% Australasia -17.4% 7,971 547 • Lower mining equipment and parts revenue in 7,706 Australia. 452 • Terra Cat contributed revenue of RM505m and PBIT of RM8m. Dec-19 • Results partly offset by the stronger AUD – 3.00
Slide 13: Industrial Outlook
Industrial Outlook Order book increased by 18.2% from September 2020 AUSTRALASIA RM2,257m RM2,668m • Cautious outlook due to uncertainty in the global Order book as at +18.2% Order book as at commodity markets and ongoing impact of China’s 30 September 2020 31 December 2020 alleged ban on Australian
Slide 14: Motors Division
Motors Division Higher profits mainly due to strong performance of the Greater China operations. +23.6% China, HK, Macau & Taiwan 14,298 +82.3% 505 • Performance of BMW and super luxury operations 11,569 remain strong with high vehicles sales and improved margins especially from the super luxury 277
Slide 15: Motors Outlook
Motors Outlook Strong recovery in vehicle sales post lockdowns/restrictions 4,637 6,714 7,875 8,513 52,818 Units Sold (1H FY2020: 43,264) Units Sold Units Sold 9,962 7,438 1H 1H FY2020 FY2021 23,314 27,629 8,002 Units Assembled (1H FY2020: 12,394) Australasia China Malaysia SE Asia MALAYSIA SE ASIA
Slide 16: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected in 3Q FY2021 BMW M3 Porsche 718 Cayman China – Mac 2021 Aus/ NZ – Mac 2021 BMW M4 Volvo XC40 China – Mac 2021 A u s / N Z – A p r i l 2 0 2 115
Slide 17: Logistics and Healthcare
Logistics and Healthcare Logistics – Impact of lower throughput was mitigated by forex gain Logistics Healthcare Ports -21.9% -26.1% -30.8% 32 • Port operations registered 119 13 lower bulk and container 25 throughput by 35.2% and 88 40.4% respectively mainly 9 due to stiff competition. Forex Dec-19
Slide 18: 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 19: Thank you
Sime Thank you
Slide 20: Appendices
Sime Appendices
Slide 21: 2Q FY2021 External Revenue by Region
2Q FY2021 Results Announcement ended 31 Dec 2020 2Q FY2021 External Revenue by Region In RM Million 2Q FY2021 2Q FY2020 YoY % Industrial Malaysia 267 259 3.1% SE Asia ex Malaysia 153 195 (21.5%) China/HK 1,314 1,015 29.5% Australia/NZ 2,247 2,506 (10.3%) 3,981 3,975 0.2% Motors Malaysia 1,147 996 15
Slide 22: 2Q FY2021 PBIT by Region
2Q FY2021 Results Announcement ended 31 Dec 2020 2Q FY2021 PBIT by Region In RM Million 2Q FY2021 2Q FY2020 YoY % Industrial Malaysia 7 9 (22.2%) SE Asia ex Malaysia 17 16 6.3% China/HK 55 70 (21.4%) Australasia 177 192 (7.8%) 256 287 (10.8%) Motors Malaysia 38 35 8.6% Singapore/Thailand 15 (2) - Ch
Slide 23: Thank you
Sime Thank you