Beshom Holdings Bhd · MYX:BESHOM
Beshom Holdings Bhd — Q1 FY2024 Earnings Presentation
16 slides from Beshom Holdings Bhd's earnings presentation, Sep 27, 2023
Slide 1: 1QFY2024 Results Update
BESHOM HOLDINGS BERHAD 1QFY2024 Results Update 27 September 2023
Slide 2: Contents
Contents Financial Highlights 1QFY2024 Review by Segment BESHOM HOLDINGS BERHAD (Registration no. 202101001114 (1401412-A)) 1QFY2024 Results Update
Slide 3: 1QFY2024 vs. 1QFY2023
1QFY2024 vs. 1QFY2023 For the period ended 31 July 2023, the Group recorded revenue and pre-tax profit of RM35.2 million and RM3.4 million, decreasing by 27.1% and 64.1% as compared to the previous year’s corresponding period of RM48.3 million and RM9.5 million respectively. Business optimism and co
Slide 4: 1QFY2024 vs. 1QFY2023
1QFY2024 vs. 1QFY2023 1QFY2024 1QFY2023 Variance 31 July 2023 31 July 2022 +/- (RM’mil) (RM’mil) Revenue 35.20 48.26 -27.1% Pre-tax Profit 3.41 9.49 -64.1% Profit After Tax 2.48 7.10 -65.1% Net Margin (%) 7.05% 14.7% -7.7% EPS (sen) 0.82 2.34 -1.52 sen BESHOM HOLDINGS BERHAD (Registration no. 202101
Slide 5: Statement of Financial Position
Statement of Financial Position 1QFY2024 FYE2023 31 July 2023 30 April 2023 (audited) (RM’mil) (RM’mil) Net cash + Short term investment 98.90 95.63 Total assets 352.98 353.18 Total liabilities 28.78 31.41 Shareholders' equity 312.10 309.66 Net assets per share (RM) 1.04 1.03 BESHOM HOLDINGS BERHAD
Slide 6: Segment Revenue
Segment Revenue 1QFY2024 Segment 1QFY2024 1QFY2023 31 July 2023 31 July 2022 Others, (RM’mil) (%) (RM’mil) (%) 5% MLM, Retail, 35% MLM 12.42 35% 21.49 45% 20% Wholesale 14.25 40% 16.99 35% Wholesale, Retail 6.97 20% 8.66 18% 40% Others 1.55 5% 1.12 2% Total 35.19 100% 48.26 100% BESHOM HOLDINGS BERH
Slide 7: Review by Segment
Review by Multi Level Marketing (“MLM”) Segment Wholesale Retail Others
Slide 8: MLM
MLM Revenue 25.00 MLM 1QFY2024 1QFY2023 Changes 20.00 Segment 31 July 2023 31 July 2022 15.00 -42.3% (RM'mil) 10.00 (RM’mil) (RM’mil) (%) 5.00 External 12.42 21.49 -42.3% - Revenue 1QFY2023 1QFY2024 Profit Before Tax Profit 0.24 2.75 -91.3% 3.00 Before Tax 2.50 2.00 (RM'mil) -91.3% 1.50 1.00 0.50 -
Slide 9: MLM
MLM The MLM division continued to face intense challenges as general consumption weakness hit its members, mainly from the low to middle- income groups, particularly hard. Elevated cost of living amidst lingering inflation pressures has significantly affected member’s ability to sell and also eroded
Slide 10: Wholesale
Wholesale Revenue 17.50 17.00 16.50 Wholesale 1QFY2024 1QFY2023 Changes 16.00 Segment 31 July 2023 31 July 2022 -15.8% (RM'mil) 15.50 15.00 14.50 (RM’mil) (RM’mil) (%) 14.00 13.50 13.00 External 14.25 16.99 -15.8% 12.50 Revenue 1QFY2023 1QFY2024 Profit Before Tax Profit 2.44 5.61 -56.5% 6.00 Before
Slide 11: Wholesale
Wholesale Wholesale division revenue decreased by 15.8% to RM14.3 million as compared to the preceding corresponding quarter of RM17.0 million. The comparison was against a higher base in the preceding year’s corresponding quarter which was boosted by the “last-buy” sales promotion campaign for sele
Slide 12: Retail
Retail Revenue 10.00 Retail 1QFY2024 1QFY2023 Changes 8.00 Segment 31 July 2023 31 July 2022 6.00 (RM'mil) (%) 4.00 -19.5% (RM’mil) (RM’mil) 2.00 External 6.97 8.66 -19.5% - Revenue 1QFY2023 1QFY2024 Profit Before Tax Profit -0.40 0.52 -176.9% 0.60 Before Tax 0.40 0.20 -176.9% (RM'mil) - 1QFY2023 1Q
Slide 13: Retail
Retail The Retail division posted a 19.5% decrease in revenue to RM7.0 million as compared to the previous year’s corresponding quarter of RM8.7 million, mainly attributed to lower sales of house brand products. The return to normalcy post Covid-19 resulted in lower demand for health supplement prod
Slide 14: "Others" segment
"Others" segment Revenue 1.80 1.60 “Others” 1QFY2024 1QFY2023 Changes 1.40 Segment 31 July 2023 31 July 2022 1.20 (RM'mil) 1.00 +38.4% 0.80 (RM’mil) (RM’mil) (%) 0.60 0.40 External 1.55 1.12 +38.4% 0.20 - Revenue 1QFY2023 1QFY2024 Profit Before Tax Profit 1.13 0.64 +76.6% 1.20 Before Tax 1.00 0.80 (
Slide 15: "Others" segment
"Others" segment Revenue from Other division is primarily derived from the rental of investment properties, manufacturing of health supplements and credit & leasing business. During the quarter under review, pre-tax profit increased by more than 50% to RM1.1 million, thanks to the manufacturing divi
Slide 16: Thank you
BES HOM THE BEST STARTS FROM HOME Thank you Wisma Hai-O, Lot 11995, Batu 2, Jalan Kapar, 41400 Klang, Selangor Darul Ehsan, Malaysia T. +603-3342 3322 | F.+603-33428285 | E.info@beshom.com www.beshom.com
Beshom Holdings Berhad — Q1 FY2024 Earnings Presentation on 6ix