Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q1 2020 Earnings Presentation
14 slides from Hap Seng Consolidated Bhd's earnings presentation, Jun 1, 2020
Slide 1: 1st Quarter Ended 31 March 2020 Results
1st Quarter Ended 31 March 2020 Results 1 June 2020
Slide 2: Scope
Scope 1 Group financials 2 Operations review 2
Slide 3: Section 1: Group financials
SECTION 1 Group financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group’s businesses for 1Q20 was affected by: (RM’ Million) 1Q20 1Q19 Change • The slowing Malaysian economy exacerbated Revenue 1,475.0 1,749.8 (16%) by the COVID-19 pandemic which disrupted Gross profit 1 415.2 455.7 (9%) global supply chain and negativel
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT (RM’ Million) 1Q20 1Q19 Change 1Q20 1Q19 Change Plantation 101.9 126.3 (19%) (6.3) 7.7 (183%) Property 1 490.8 484.4 1% 253.1 241.9 5% Credit Financing 74.4 76.1 (2%) 67.1 63.6 5% Automotive 277.8 315.0 (12%) (10.1) 0.5 (1980%) Trading 477.2 676.5 (29%)
Slide 6: Group segment results – 1st Quarter
Group segment results – 1st Quarter Building Materials Plantation 2% Building 6% Materials Trading 8% 4% Credit Trading Property 20% 31% Revenue 32% Operating 1Q20 Profit 1Q20 Credit Automotive 5% Property 18% 74% Building Materials Plantation Plantation 2% 2% Building 7% Materials Trading 8% 5% Cre
Slide 7: Section 2: Operations review
SECTION 2 Operations review
Slide 8: Plantations
Plantations Results affected by lower production and sales volume ❑ Revenue for 1Q20 was 19% lower than last year with lower sales volume of CPO 1Q Revenue and PK due to lower production volume, but mitigated by higher average selling RM’ Mil prices. Consequently operating loss was recorded for 1Q20
Slide 9: Property Investment and Development
Property Investment and Development Higher contribution from construction activities, IP and sales of non-strategic properties ❑ Revenue and Operating profit for 1Q20 were higher 1Q Revenue than last year by 1% and 5% respectively with higher RM’ Mil contribution from construction activities, invest
Slide 10: Credit Financing
Credit Financing Lower loan base attributed to lower loan disbursements ❑ The Division’s revenue was 2% lower than last 1Q Revenue year on the back of lower loan base. RM’ Mil 74.4 76.1 ❑ Loan base as at end 1Q20 at RM3.87 billion was 80 4% below last year (1Q19: RM4.02 billion) due to 60 lower loan
Slide 11: Automotive
Automotive Results affected by lower sales volume and initial costs ❑ Revenue for 1Q20 was affected by weak demand and 1Q Revenue suspension of operations during the MCO period. RM’ Mil 315.0 ❑ Sales of passenger vehicles (“PV”) was 9% below last year 400 277.8 with lower sales volume by 28%. 300 ❑
Slide 12: Trading
Trading Lower revenue mitigated by lower operating costs and foreign exchange gains ❑ The Division comprises the fertilizers trading, general trading, and 1Q Revenue ceramic tile business under Malaysian Mosaics Sdn Bhd (“MMSB”). RM’ Mil 676.5 ❑ The Division’s results for 1Q20 were affected by lower
Slide 13: Building Materials
Building Materials Results affected by competitive pricing & soft market demand ❑ The Division comprises the quarry, asphalts and bricks 1Q Revenue businesses (“QBM”) ; and trading of building materials by RM’ Mil 134.6 Hafary (“Hafary”). 150 119.7 ❑ Revenue for 1Q20 was affected by lower contributi
Slide 14: Thank You
@ HAP SENG Soin
Hap Seng Consolidated — Q1 2020 Earnings Presentation on 6ix