Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q3 2013 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Nov 27, 2013
Slide 1: 3rd Quarter Ended 30th September 2013 Results
3rd Quarter Ended 30th September 2013 Results 27th November 2013
Slide 2: Scope
Scope 1 Group financials 2 Operations review 1
Slide 3: Group financials
SECTION 1 © Group financials @ HAP SENG CONSOLIDATED BERHAD
Slide 4: Consolidated income statement summary
Consolidated income statement summary Group’s revenue for 3Q 2013 and YTD were impacted by the following Change YTD YTD Change factors: (RM’ Million) 3Q 2013 3Q 2012 (%) 2013 2012 (%) • Lower Plantations’ revenue due Revenue 829.5 1,014.4 -18% 2,453.4 2,827.4 -13% to lower average selling prices f
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT 3Q 3Q Change 3Q 3Q Change YTD YTD Change YTD YTD Change (RM’ Million) 2013 2012 (%) 2013 2012 (%) 2013 2012 (%) 2013 2012 (%) Plantations 115.2 149.3 -23% 41.9 47.8 -12% 300.5 390.8 -23% 81.5 150.6 -46% Property 102.0 161.0 -37%
Slide 6: Group segment results
Group segment results Revenue Operating Profit * Geographical Segment 3Q 2013 3Q 2013 3Q 2013 Revenue Credit Trading Plantations Financing Quarry & 14.3% 13.3% Automotive 22.3% Building 1.3% Indonesia Materials 7.0% Quarry & 5.6% Building Property Materials 11.8% Trading Others 11.3% 2.6% 3.4% Credi
Slide 7: Operations review
SECTION 2 © Operations review @ HAP SENG CONSOLIDATED BERHAD
Slide 8: Plantations
Plantations Performance impacted by low selling prices Revenue for 3Q 2013 and YTD declined by 23%, attributable to the following factors:- Lower average price realisation for CPO and PK CPO - 3Q 2013 :RM2,340 /MT vs. RM2,923 /MT; YTD: RM2,289/MT vs RM3,081/MT PK - 3Q 2013 :RM1,271 /MT vs. RM1,4
Slide 9: Property
Property Performance supported by project sales growth Revenue for 3Q 2013 and YTD were lower than last year as last year benefitted from the disposal of certain non- strategic properties. Normalized 3Q 2013 revenue registered 36% growth whilst YTD normalized revenue grew by 32%, driven by highe
Slide 10: Automotive
Automotive Division continues on an expansion mode to support customer base Revenue for 3Q 2013 and YTD were lower than the corresponding period last year mainly due to the disposal of Hap Seng Star Vietnam (HSSV). Revenue for the Malaysian operations grew by 10% for 3Q 2013 and 11% for YTD due
Slide 11: Fertilizers
Fertilizers Results impacted by lower selling prices Revenue for 3Q 2013 and YTD were lower than the corresponding period last year, affected by lower sales volume in the Indonesian market and lower selling prices in both the Malaysian and Indonesian markets due to the competitive market condition
Slide 12: Credit financing
Credit financing Stable performance backed by robust credit risk management Revenue for 3Q 2013 grew by 6% over last year, however YTD revenue growth was marginal. Revenue from increase in loan base was partly offset by lower average effective yield and margin. Better revenue resulted in higher
Slide 13: Quarry and Building Materials
Quarry and Building Materials Strong revenue growth but profit dampened by lower margin from Quarry The Division registered double digit growth in its sales for 3Q 2013 and YTD as compared to the corresponding period last year. All three products , aggregates, asphalts and bricks recorded higher s
Slide 14: Trading
Trading Improvement in sales resulted in operating profit improvement Revenue for 3Q 2013 was 17% higher over last year, driven by: Building materials sales, excluding MML tiles (+189%) Petroleum sales (+ 27%) YTD revenue was impacted by the discontinuation of MML tiles distributorship effec
Slide 15: Thank You
Thank You @ HAP SENG CONSOLIDATED BERHAD
Hap Seng Consolidated Berhad — Q3 2013 Earnings Presentation on 6ix