Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q1 2024 Earnings Presentation
14 slides from Hap Seng Consolidated Bhd's earnings presentation, May 30, 2024
Slide 1: 1st Quarter Ended 31 March 2024 Results
1st Quarter Ended 31 March 2024 Results 30th May 2024
Slide 2: Scope
Scope 1 Group Financials 2 Operations Review 2
Slide 3: Group Financials
SECTION 1 Group Financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group’s 1Q24 revenue at RM1.34b was below (RM’ Million) 1Q24 1Q23 Change last year by 16% mainly due to lower contributions from Credit Financing, Automotive and Trading Revenue 1,339.4 1,591.3 (16%) Divisions. Gross profit 408.0 331.3 23% ❑ The Group’s 1Q
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT (RM’ Million) 1Q24 1Q23 Change 1Q24 1Q23 Change Plantation 159.0 159.9 (1%) 49.3 32.3 53% 1 Property 226.9 98.2 131% 122.7 20.7 493% Credit Financing 45.0 61.9 (27%) 40.1 42.2 (5%) Automotive 151.4 467.8 (68%) 9.0 29.2 (69%) Trading 643.9 703.3 (8%) 34.
Slide 6: Group segment results – 1st Quarter
Group segment results – 1st Quarter Plantation 11% Building Materials, 12% Plantation Building Materials 17% 15% Property 16% Trading, 12% Revenue Operating Automotive 1Q24 Credit 3% Profit 3% 1Q24 Trading 44% Credit Property Automotive 14% 42% 11% Building Plantation Materials 9% Property Building
Slide 7: Operations Review
SECTION 2 Operations Review
Slide 8: Plantations
Plantations Operating profit benefitted from FVA on FFB and lower fertilizer costs ❑ 1Q24 revenue at RM159 million was relatively close to the corresponding period last year as the impact from the 1Q Revenue lower average selling prices of CPO and lower sale volume of PK were almost fully offset wit
Slide 9: Property Investment and Development
Property Investment and Development Results for the quarter benefitted from sale of land 1Q Revenue ❑ The Division’s 1Q24 revenue and operating profit at RM226.9 million and RM122.7 million were both higher than the corresponding period last RM’ Mil 226.9 250 year by 131% and 493% respectively, main
Slide 10: Credit Financing
Credit Financing Lower loan base with cautious lending ❑ The Division continues to consolidate its operations with prudent 1Q Revenue measures to manage risks and uncertainties surrounding its sectors of RM’ Mil financing. 80 61.9 45.0 ❑ The Division’s loan base of RM2.45 billion as at end 1Q24 was
Slide 11: Automotive
Automotive Weaker results from both PV and CV segment 1Q Revenue ❑ The Division registered lower 1Q24 revenue than the corresponding period last year by 68% with lower contribution from both its passenger vehicles (“PV”) and RM’ Mil commercial vehicles (“CV”) segments. 600 467.8 ❑ Hap Seng Star tran
Slide 12: Trading
Trading Fertilizer Trading results dampened by normalization of selling price ❑ The Division comprises the fertilizers trading (“FT”) and general trading (“GT”) 1Q Revenue businesses. In the current year, the Division reorganized its ceramic tiles RM’ Mil 703.3 business under Malaysian Mosaics Sdn B
Slide 13: Building Materials
Building Materials Positive revenue contributions from both QBM and Hafary ❑ The Division comprises the quarry and bricks businesses (“QBM”), and trading of 1Q Revenue building materials by Hafary which now also includes the retail-distribution of RM’ Mil ceramic tiles operations in Malaysia. 300 22
Slide 14: Thank You
@ HAP SENG Soin
Hap Seng Consolidated — Q1 2024 Earnings Presentation on 6ix