Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q1 2013 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, May 29, 2013
Slide 1: 1st Quarter Ended 31st March 2013 Results
1st Quarter Ended 31st March 2013 Results 29th May 2013
Slide 2: Scope
Scope 1 Group financials 2 Operations review 1
Slide 3: Group financials
SECTION 1 @ Group financials @ HAP SENG CONSOLIDATED BERHAD
Slide 4: Consolidated income statement summary
Consolidated income statement summary The Group registered satisfactory financial performance for 1Q 2013. Change (RM’ Million) 1Q 2013 1Q 2012 (%) Group’s revenue is lower by 7% in 1Q Revenue 792.5 850.6 -7% 2013 with growth from the Automotive Gross profit 1 123.7 196.6 -37% and Quarry & Building
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT Change Change (RM’ Million) 1Q 2013 1Q 2012 1Q 2013 1Q 2012 (%) (%) Plantations 101.4 124.0 -18% 28.1 58.8 -52% Property 56.9 95.2 -40% 39.51 60.51 -35% Automotive 200.0 149.1 34% -15.3 5.7 >100% Fertilizers 282.7 320.3 -12% 5.5 14.9 -63% Credit Financi
Slide 6: Group segment results
Group segment results Revenue Operating Profit * Geographical Segment 1Q 2013 1Q 2013 1Q 2013 Revenue 1Q 2012 1Q 2012 1Q 2012 Revenue * Include divisions with Operating Profits only. 5
Slide 7: Operations review
SECTION 2 @ Operations review @ HAP SENG CONSOLIDATED BERHAD
Slide 8: Plantations
Plantations Improvement in sales and production volume dampened by lower CPO prices 1st Quarter revenue declined by 18% on the back of the following:- Softening in average price realisation for CPO, PK and FFB (CPO: RM2,238 /MT vs. RM3,133 /MT; PK: RM1,107 /MT vs. RM1,908 /MT; FFB: RM451 /MT vs. RM6
Slide 9: Property
Property Revenue supported by encouraging sales in the 1st quarter 1st Quarter revenue and operating profit declined by 40% and 35% respectively mainly due to the sale of a plot of land held for property development in 1Q 2012. Normalised revenue grew by 15% on the back of encouraging sales. Rental
Slide 10: Automotive
Automotive Expansion of branch network in Malaysia to support growth in customer base Revenue grew by 34% on the back of higher sales of Mercedes-Benz passenger vehicles. Total vehicle sales for the quarter grew by 57% in Malaysia but dropped by 29% in Vietnam. Operating loss was recorded for the qu
Slide 11: Fertilizers
Fertilizers Challenging conditions in Indonesia continues to affect results 1st Quarter revenue reduced by 12% over the same period last year due to lower sales volume in Indonesia and lower selling prices in both the Malaysian and Indonesian market. Consequently, operating profits for the quarter u
Slide 12: Credit financing
Credit financing Division continues to remain stable on the back of a high quality loan portfolio Revenue and operating profit for the quarter remained relatively flat on the back of relatively stable loan base and margins. 1st Quarter 2013 loan base for the Division stood at RM1.46 billion compared
Slide 13: Quarry and Building Materials
Quarry and Building Materials Growth in revenue supported by improvements in sales volume Revenue for 1Q 2013 increased by 30% over the same quarter last year due to improvements in production and sales:- Aggregate sales volume increased by 4%, to 1.7m MT; Asphalt sales volume increased by 54% to 57
Slide 14: Trading
Trading Improvement in margins supports the operating profit for the quarter Revenue for the quarter was lower by RM34.4 million primarily due to the discontinuation of its tiles distributorship agreement with Malaysian Mosaics Berhad with effect from 1 October 2012. However, the Division turned in
Slide 15: Thank You
Thank You @ HAP SENG CONSOLIDATED BERHAD
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