Hiap Teck Venture Bhd. · MYX:HIAPTEK
Hiap Teck Venture Bhd — Q4 FY2022 Earnings Presentation
11 slides from Hiap Teck Venture Bhd's earnings presentation, Sep 30, 2022
Slide 1: Analysts' Briefing 4Q FY2022 Performance Review
ANALYSTS’ BRIEFING 4Q FY2022 PERFORMANCE REVIEW 30 September 2022 1
Slide 2: Corporate Structure
CORPORATE STRUCTURE (31 July 2022) Key Operating Units 2
Slide 3: The Macro Environment
The Macro Environment 22.00 Malaysia Real GDP Growth 15.90 12.00 8.90 Malaysia’s GDP expanded further 8.9% in 2Q 22 5.00 as compared to 5.0% in the previous quarter, 3.60 0.70 which was lifted to some extent by the low base 2.00 -2.70 -3.40 -0.50 -4.50 % from the Full Movement Control Order (FMCO) 1
Slide 4: HTVB Group in 4Q FY22: Higher Sales Volumes but Declining ASP
HTVB Group in 4Q FY22 (May 2022 – Jul 2022) HIGHER SALES VOLUMES BUT DECLINING AVERAGE SELLING PRICE (ASP) ❑ Sales volumes is higher in 4Q 2022 vs same quarter last year partly due to low base effect but overall was in declining trend vs 3Q 2022. ❑ Downward trend of ASP coupled with higher cost of m
Slide 5: 4Q FY22 vs 4Q FY21 (corresponding quarter)
Performance Review – 4Q FY22 vs 4Q FY21 (corresponding quarter) The Group’s NPAT is lower at RM24.5m mainly due to higher costs of goods sold as a consequent of write-down of inventories to net realisable value. (RM’M) 4Q FY21 4Q FY22 Variance Remark Revenue 164.8 386.5 Higher volume and Average 134
Slide 6: 4Q FY22 vs 3Q FY22 (preceding quarter)
Performance Review – 4Q FY22 vs 3Q FY22 (preceding quarter) Lower revenue than preceding quarter due to lower sales volume and declining steel prices. Costs of goods sold was higher due to write- down of inventories to net realisable value. (RM’M) 3Q FY22 4Q FY22 Variance Remark Revenue Revenue 457.
Slide 7: Eastern Steel Sdn. Bhd.
Eastern Steel Sdn. Bhd. 7
Slide 8: ESSB Performance Review – 4Q FY22 vs 3Q FY22
ESSB Performance Review – 4Q FY22 vs 3Q FY22 (preceding quarter) 3QFY22 4QFY22 (RM’M) Feb 22-Apr 22 May 22-Jul 22 Variance Remarks Volume (MT) 184.2 182.6 -1% Marginally lower due to competition in the market and slower demand Revenue 575.0 609.2 6% Higher ASP Gross Profit 54.1 25.2 -47% GPM 9% 4% L
Slide 9: ESSB Performance Review – 4Q FY22 Product Mix
ESSB Performance Review – 4Q FY22 Product Mix Bilet Slab 27% Slab 73% Bilet 9
Slide 10: Outlook – Cautious Due to Declining Steel Prices
OUTLOOK – CAUTIOUS DUE TO DECLINING STEEL PRICES ✓ GROUP RECORDED A COMMENDABLE PERFORMANCE FOR FY2022 TO POST A NPAT OF RM156.4 MILLION, A 4% LOWER COMPARED TO THE PRECEDING YEAR’S RESULT. ✓ THE GROUP TAKES COGNIZANCE OF THE CHALLENGES AND HEIGHTENED VOLATILITY IN STEEL PRICES AND FINANCIAL MARKETS
Slide 11: Thank You
THANK YOU 11