Comfortdelgro Corporation Limited · SGX:C52
Comfortdelgro — FY2018 Earnings Presentation
19 slides from Comfortdelgro's earnings presentation, Feb 13, 2019
Slide 1: FY 2018 Financial Results Presentation
Chart 1 COMFORTDELGRO CORPORATION LIMITED FY 2018 Financial Results Presentation 13th February 2019
Slide 2: Review of Financial Results; Business Outlook
Chart 2 1. Review of Financial Results 2. Business Outlook
Slide 3: Review of Financial Results
Chart 3 REVIEW OF FINANCIAL RESULTS COMFORIDELGRO-
Slide 4: Financial Summary
Chart 4 Financial Summary FY 2018 FY 2017 Incr/(Decr) Revenue($’m) 3,805.2 3,576.4 228.8 / 6.4% Op Costs($’m) 3,366.4 3,167.2 199.2 / 6.3% Op Profit($’m) 438.8 409.2 29.6 / 7.2% PAT ($’m) 358.8 348.9 9.9 / 2.8% Net Profit($’m) 303.3 301.5 1.8 / 0.6% EBITDA($’m) 833.1 818.0 15.1 / 1.8% EPS(Cents) 14.
Slide 5: Adjusted Net Profit
Chart 5 Adjusted Net Profit FY 2018 FY 2017 Incr/(Decr) Net Profit 303.3 301.5 1.8 / 0.6% ($’m) Adjustment (5.1) (10.0) - ($’m) Adjusted Net 298.2 291.5 6.7 / 2.3% Profit ($’m)
Slide 6: Revenue Increased by $228.8m from $3,576.4m to $3,805.2m
Chart 6 Revenue Increased by $228.8m from $3,576.4m to $3,805.2m Increase in revenue from : $3,805.2m BAU $115.7m $239.9m FX Impact ($11.1)m $104.6m $3,576.4m New Acquisitions $124.2m FX : Net increase $228.8m ($11.1)m Forex Impact AUD ($21.7)m RMB ($0.1)m £ $10.2m EUR $0.5m ($11.1)m FY 2017 FY 2018
Slide 7: New Acquisitions Contributed More than Half of Revenue Growth
Chart 7 New Acquisitions Contributed More than Half of Revenue Growth Of the $239.9m growth in underlying revenue, $124.2m was from the new acquisitions in 2018 Of the revenue from BAU : Increases in: New Acquisition Public Trpt Biz $225.3m Others Biz $18.7m $124.2m $115.7m Business As Usual Offset
Slide 8: Operating Costs Increased by $199.2m from $3,167.2m to $3,366.4m
Chart 8 Operating Costs Increased by $199.2m from $3,167.2m to $3,366.4m FY 2018 FY 2017 Depreciation & Fuel & Repairs & Contract Other Operating Staff Costs Amortisation Electricity Maintenance Services Costs
Slide 9: Operating Profit Increased by $29.6m from $409.2m to $438.8m
Chart 9 Operating Profit Increased by $29.6m from $409.2m to $438.8m $438.8m Increase in Operating Profit from : $31.4m BAU $10.7m FX Impact ($1.8)m $409.2m $8.9m FX: New Acquisitions $20.7m ($1.8)m Net increase $29.6m Net Forex Impact FX Revenue ($11.1)m FX Expenses $9.3m Net FX impact ($1.8)m FY 2
Slide 10: Growth in Underlying Operating Profit Driven by New Acquisitions and BAU
Chart 10 Growth in Underlying Operating Profit Driven by New Acquisitions and BAU Of the Operating Profit from BAU : Increases in: Public Trpt Biz $26.0m New Acquisitions $10.7m Inspection & Testing Biz $7.2m $20.7m BAU Offset by decreases in: Taxi Biz ($13.1)m Auto Engg Serv Biz ($8.6)m Other Biz (
Slide 11: Stronger Operating Performance made up for the one time Special Dividend in 2017
Chart 11 Stronger Operating Performance made up for the one time Special Dividend in 2017 FY 2017 PAT $348.9m Add: Profit from New Acquisitions $10.5m Profit from BAU $9.4m Less : Special dividend in FY2017* ($10.0m) FY 2018 PAT $358.8m *From Cabcharge Australia Limited ( now renamed as A2B Australi
Slide 12: Financial Position Remains Stable
Chart 12 Financial Position Remains Stable Dec 18 Dec 17 Incr/(Decr) Cash and short-term deposits $586.1m $596.2m ($10.1)m / (1.7)% Borrowings $569.9m $322.3m $247.6m / 76.8% Net Cash $16.2m $273.9m ($257.7)m / (94.1)% Gross Gearing 18.8% 10.6% 8.2% points
Slide 13: Lower CAPEX in FY2018
Chart 13 Lower CAPEX in FY2018 FY 2018 FY 2017 $352.8m $393.6m Proceeds from disposal of Proceeds from vehicles disposal of vehicles Finance $98.9m leases $137.1m Finance $27.8m leases Net CAPEX $87.7m Net CAPEX $226.1m $128.0m Buses Taxis Other vehicles, equipment and buildings
Slide 14: High Cash Generation
Chart 14 High Cash Generation FY2018 ($’m) Cash from Operating Activities 750.9 Net CAPEX (226.1) Dividends (279.7) Others (50.0) (555.8) Surplus from operations 195.1 Net New loans raised 215.5 410.6 Acquisitions (420.7) Net Cash (Outflow) (10.1)
Slide 15: Group Revenue by Geographical Region
Chart 15 Group Revenue by Geographical Region
Slide 16: Australia is Largest Overseas Operating Profit Contributor
Chart 16 Australia is Largest Overseas Operating Profit Contributor
Slide 17: Business Outlook
Chart 17 BUSINESS OUTLOOK COMFORIDELGRO.
Slide 18: Business Outlook
Chart 18 Business Outlook Business Segments Revenue Outlook Singapore : Increase Public Transport Services Australia : Increase UK : Maintain Taxi Maintain Automotive Engineering Services Maintain Inspection & Testing Services Maintain Driving Centre Maintain Car Rental & Leasing Decrease The operat
Slide 19: Thank You
Chart 19 THANK YOU. COMFORIDELGRO.