Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q2 2021 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Aug 26, 2021
Slide 1: 2nd Quarter Ended 30 June 2021 Results
2nd Quarter Ended 30 June 2021 Results 26 August 2021
Slide 2: Scope
Scope 1 Group financials 2 Operations review 2
Slide 3: Group financials
SECTION 1 Group financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary The Group’s revenue for 2Q21 and YTD were 28% and YTD YTD (RM’ Million) 2Q21 2Q20 Change Change 3% higher than the corresponding period last year 2021 2020 with higher contribution from all divisions except Revenue 1,262.4 989.6 28% 2,540.0 2,464.6 3% Property
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) YTD YTD YTD YTD 2Q21 2Q20 Change 2Q21 2Q20 Change Change Change 2021 2020 2021 2020 Plantation 181.1 83.6 117% 63.4 32.0 98% 302.4 185.4 63% 103.2 25.6 303% Property 1 201.7 246.0 (18%) 83.3 144.4 (42%) 469.5 736.9
Slide 6: Group segment results – 2nd Quarter
Group segment results – 2nd Quarter Building Plantation Building Materials Materials 14% Trading 5% 10% 10% Plantation Property 27% 15% Revenue Operating Trading 2Q21 Credit Profit 35% Credit 22% 2Q21 6% Automotive Property 20% 36% Building Plantation Materials Plantation 8% 4% 14% Credit 25% Proper
Slide 7: Group segment results – Year To Date
Group segment results – Year To Date Building Plantation Building Materials Materials 11% Trading 5% 10% Plantation 8% Property 21% 18% Revenue Operating Trading 34% YTD 2021 Credit Profit 21% Credit YTD 2021 5% Automotive Property 22% 45% Building Plantation Plantation Materials 5% 7% 6% Credit 23%
Slide 8: Operations review
SECTION 2 Operations review
Slide 9: Plantations: Results driven by higher selling prices & CPO volume
Plantations Results driven by higher selling prices & CPO volume Revenue for 2Q21 and YTD were 117% and 63% higher than last year 2Q Revenue YTD Revenue respectively with higher average selling prices of CPO and PK and higher sales volume of CPO. PK sales volume for 2Q21 was higher than last RM’ M
Slide 10: Property Investment and Development
Property Investment and Development Lower contribution from sales of non-strategic properties Revenue for 2Q21 and YTD were 18% and 36% lower than 2Q Revenue YTD Revenue last year respectively due to lower sales of non-strategic RM’ Mil RM’ Mil 736.9 properties, mitigated by higher contribution fr
Slide 11: Credit Financing
Credit Financing Operating profit affected by higher provision for impairment The Division’s revenue for 2Q21 and YTD were higher 2Q Revenue YTD Revenue than last year by 4% and 1% respectively, mainly due to RM’ Mil 147.3 145.5 RM’ Mil higher loan base. 100 73.9 71.1 150 Loan base as at end 2Q2
Slide 12: Automotive
Automotive Higher revenue and margin for PC & CV Revenue for 2Q21 and YTD were 35% and 22% higher than the 2Q Revenue YTD Revenue corresponding period last year respectively with higher revenue RM’ Mil 264.8 RM’ Mil 577.0 from both passenger car (“PC”) and commercial vehicle (“CV”) 300 600 474.0 s
Slide 13: Trading
Trading Higher revenue and margin, and lower forex loss and expenses The Division comprises the fertilizers trading (“FT”) , general trading (“GT”), 2Q Revenue YTD Revenue and ceramic tiles business under Malaysian Mosaics Sdn Bhd (“MMSB”). RM’ Mil 459.0 RM’ Mil Division’s revenue for 2Q21 and Y
Slide 14: Building Materials
Building Materials Better results from both QBM & Hafary The Division comprises the quarry, asphalts and bricks 2Q Revenue YTD Revenue businesses (“QBM”); and trading of building materials by Hafary (“Hafary”). RM’ Mil 132.2 RM’ Mil 253.7 150 300 Revenue for 2Q21 and YTD were above the correspon
Slide 15: Thank You
@ HAP SENG aon
Hap Seng Consolidated Berhad — Q2 2021 Earnings Presentation on 6ix