Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — FY2021 Earnings Presentation
21 slides from Sime Darby Bhd's earnings presentation, Aug 25, 2021
Slide 1: FY2021 Results Announcement
FY2021 Results Announcement Analyst Briefing: Full Year 2021 Ended 30 June 2021 25 Aug 2021
Slide 2: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 3: FY2021 Financial Results: Reported Profit
FY2021 Financial Results Reported Profit: Financial year ended 30 June 2021 In RM Million FY2021 FY2020 YoY % Revenue 44,483 36,934 20.4 PBIT 2,181 1,407 55.0 Finance income 46 51 Finance costs (122) (183) Profit before tax 2,105 1,275 65.1 Taxation (575) (402) Profit after tax 1,530 873 75.3 Non-co
Slide 4: FY2021 Financial Results: Core Profit
FY2021 Financial Results Core Profit: Financial year ended 30 June 2021 In RM Million FY2021 FY2020 YoY % Reported PBIT 2,181 1,407 55.0 Adjustments • Fair value loss on financial assets (MES) 2 72 • Logistics & Land impairments 1761 1532 • Gain on disposal (332)3 (18)4 • Singapore Motors GST refund
Slide 5: Segmental PBIT: Financial year ended
FY2021 Financial Results Segmental PBIT: Financial year ended 30 June 2021 FY2021 FY2020 Reported Core PBIT PBIT In RM Million YoY % YoY % Reported Core Reported Core Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 909 21 911 967 405 1,007 (6.0) (9.5) Motors 1,050 122 1,062 574 262 600 82.9 7
Slide 6: Reported Profit: Quarter ended
FY2021 Financial Results Reported Profit: Quarter ended 30 June 2021 In RM Million Q4 FY2021 Q4 FY2020 YoY % Revenue 11,342 8,821 28.6 PBIT 428 315 35.9 Finance income 14 18 Finance costs (33) (47) Profit before tax 409 286 43.0 Taxation (178) (97) Profit after tax 231 189 22.2 Non-controlling inter
Slide 7: Core Profit: Quarter ended
FY2021 Financial Results Core Profit: Quarter ended 30 June 2021 In RM Million Q4 FY2021 Q4 FY2020 YoY % Reported PBIT 428 315 35.9 Adjustments • Fair value loss on financial assets (MES) - 61 • Logistics & Land impairments / share of loss 1741 1532 • Gain on disposal of fixed assets (38)3 (18)4 • S
Slide 8: Segmental PBIT: Quarter ended
FY2021 Financial Results Segmental PBIT: Quarter ended 30 June 2021 Q4 FY2021 Q4 FY2020 Reported Core PBIT PBIT In RM Million Reported YoY % YoY % Reported Core Core Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 246 - 246 204 292 233 20.6 5.6 Motors 295 511 346 194 261 220 52.1 57.3 Logisti
Slide 9: Regional Contribution: FY2021 ended
FY2021 Financial Results Regional Contribution: FY2021 ended 30 June 2021 Revenue Breakdown Core PBIT Breakdown Malaysia, Malaysia, Australasia, 12% Australasia, 13% 32% SE 45% Asia, 13% SE Asia, 5% China/HK, 43% China/HK, 37% Malaysia SE Asia ex Malaysia Malaysia SE Asia ex Malaysia China/HK Austra
Slide 10: Snapshot of borrowing position as at 30 June 2021
FY2021 Financial Results Snapshot of borrowing position as at 30 June 2021 Long Term vs Short Term Debt Total Debt 9% 3,734 3,423 1,503 LT Debt: LT Debt: 1,476 1,876 1,502 373 26 413 404 RM 3.7bn ST Debt: ST Debt: 1,921 1,508 1,454 1,858 As at 30 June 2021 31-Mar-21 30-Jun-21 ST Borrowings ST Leases
Slide 11: Core and Reported PBIT
Core and Reported PBIT Higher profits driven by record-high performance from Motors Q4 FY2020 vs Q4 FY2021 Q 4 P B I T FY2020 vs FY2021 F Y P B I T 10
Slide 12: Financial Position: Stronger & Leaner
Financial Position: Stronger & Leaner Profits, returns, cash generation, working capital improvement Key Financials Balance Sheet Working Capital PATAMI Cash Position Inventory Turnover 1600 1,425 2,500 2,473 1400 103 105 1,672 1,723 1,694 110 95 2,000 1200 948 105 1000 820 1,500 100 95 800 618 1,00
Slide 13: Segmental Results
Sime Segmental Results
Slide 14: Industrial Division
Industrial Division Profits dipped mainly due to lower revenue in Australasia and weaker margins in China Australasia 1.3% -6.0% • Lower revenue from the mining equipment and 15,794 16,004 parts segments. 967 909 • Partly mitigated by Terra CAT profit contribution – FY2021: RM22m vs. FY2020: loss of
Slide 15: Industrial Outlook
Industrial Outlook Orderbook continues to hold strong AUSTRALASIA RM3,238m RM3,278m • Mining sector in Australia continues to face headwinds Order book as at +1.2% Order book as at from on-going diplomatic disputes with China. 31 March 2021 30 June 2021 • The parts segment is subject to Caterpillar
Slide 16: Motors Division
Motors Division Strong operational performance across all regions, particularly in China 35.4% China, HK, Macau & Taiwan 28,235 82.9% 1,050 • Operations in China exhibited stellar performance on the back of strong BMW vehicle sales. 20,852 Jun-20 • Higher margins and increased sales volume in the 57
Slide 17: Motors Outlook
Motors Outlook Mixed outlook amidst Covid-19 restrictions and global chip shortage 12,564 10,748 15,708 16,536 103,417 Units Sold (FY2020: 79,241) 13,477 Units Sold 16,324 Units Sold FY2020 FY2021 17,141 42,452 54,849 Units Assembled (FY2020: 23,831) Australasia China Malaysia SE Asia MALAYSIA SE AS
Slide 18: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected in FY2022 BMW iX3 LCI BMW X3 LCI China – Q4 2021/ Q1 2022 Malaysia – Q4 2021/ Q1 2022 BMW iX BMW i4 China/ Malaysia – Q1 2022 M a l a y s i a – Q 1 2 0 2 217
Slide 19: Logistics and Healthcare
Logistics and Healthcare Losses for Logistics due to lower throughput and impairments Logistics Healthcare -61.5% -17.4% Ports 39 219 • Weifang Port operations 181 registered lower bulk and container throughput by 26.3% and 32.2% Jun-20 respectively mainly due to Jun-21 stiff competition. 15 (64) Fo
Slide 20: 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 21: Thank you
Sime Thank you