PPB Group Bhd. · MYX:PPB
PPB Group Bhd — FY2023 Earnings Presentation
28 slides from PPB Group Bhd's earnings presentation, February 2024
Slide 1: Unaudited Results for the Year Ended 31 December 2023
UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely estimates and targets, based on circumstances and reasonable assumptions which app
Slide 2: Agenda
AGENDA GROUP FINANCIAL HIGHLIGHTS REVIEW OF MAJOR OPERATIONS Financial Performance Key Events in 2023 Developments for 2024 CAPITAL AND OTHER COMMITMENTS DIVIDEND SUSTAINABILITY HIGHLIGHTS SHARIAH-COMPLIANCE STATUS PROSPECTS FOR 2024 2
Slide 3: Group Financial Highlights
GROUP FINANCIAL HIGHLIGHTS 3
Slide 4: Financial Results for the Year Ended December 2023
FINANCIAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 (Figures in RM) 2023 2022 Change Revenue 5.72 bil 6.26 bil -9% Profit before share of Wilmar’s profit 0.19 bil 0.15 bil 25% Share of Wilmar’s profit 1.30 bil 2.10 bil -38% Profit before taxation 1.49 bil 2.25 bil -34% Profit attributable to owner
Slide 5: Segmental Information
SEGMENTAL INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Grains & Agribusiness Consumer Products Film Exhibition & Distribution Property Other Operations 2% 10% 13% SEGMENTAL 75% SEGMENTAL 15% REVENUE PROFIT 2% RM5.7 bil 90% RM1.5 bil -8% 1% 5
Slide 6: Review of Major Operations
REVIEW OF MAJOR OPERATIONS FINANCIAL PERFORMANCE KEY EVENTS IN 2023 DEVELOPMENTS FOR 2024 6
Slide 7: Grains & Agribusiness Financial Performance
GRAINS & FINANCIAL PERFORMANCE FY2023 FY2022 AGRIBUSINESS REVENUE (RM'Million) 4,256 Excluding the divested Indonesia -9% Flour operations, revenue increased 4,656 by 1.1% to RM3.90 billion in FY2023. 1,000 2,000 3,000 4,000 5,000 Profit was higher by 210% to RM230 million in FY2023, attributable to
Slide 8: Grains & Agribusiness Developments in 2024
GRAINS & AGRIBUSINESS DEVELOPMENTS IN 2024 ➢ FFM GRAINS & MILLS SDN BHD Acquiring a 3.92-acre industrial land in Pasir Gudang for warehouse and distribution purposes. 8
Slide 9: Consumer Products Financial Performance
FINANCIAL PERFORMANCE FY2023 FY2022 CONSUMER PRODUCTS REVENUE (RM'Million) 761 +1% 751 Revenue increased 100 300 500 700 marginally by 1% to RM761 million. PROFIT (RM'Million) 26 Profit was lower due mainly -23% 34 to higher trade promotions and operating costs. 10 15 20 25 30 35 40 9
Slide 10: Consumer Products Key Events in 2023
CONSUMER PRODUCTS KEY EVENTS IN 2023 NEW PRODUCTS ➢ Blue Key Pelbagai ➢ Marina Chicken ➢ V-Oat (1L) and V-Soy ➢ Torta Gula Melaka Guna Flour (1kg) in Popcorn (500g) and Cocoa (300ml) in in September November 2023. Marina Chicken November 2023. 2023. Fingers (500g) in December 2023. 10
Slide 11: Film Exhibition & Distribution Financial Performance
FILM FINANCIAL PERFORMANCE EXHIBITION & FY2023 FY2022 DISTRIBUTION REVENUE (RM'Million) Revenue was higher by 11% mainly attributable to 570 an increase in admission by 11%, net office +11% collection by 10%, and higher concession sales by 515 8.8%. The opening of 5 new cinemas during the year also
Slide 12: Film Exhibition & Distribution Key Events in 2023
FILM EXHIBITION & DISTRIBUTION KEY EVENTS IN 2023 NEW CINEMAS GSC IOI City Mall (East), Velvet, GSC LaLaport BBCC Putrajaya 163 Retail Park GSC Lotus’s Kepong GSC IOI Mall Kulai 12
Slide 13: Film Exhibition & Distribution Developments for 2024
FILM EXHIBITION & DISTRIBUTION DEVELOPMENTS FOR 2024 ➢ GSC opened Aurum Theatre, The Exchange TRX on 28 February 2024. 13 17
Slide 14: Film Exhibition & Distribution Developments for 2024
FILM EXHIBITION & DISTRIBUTION DEVELOPMENTS FOR 2024 ➢ GSC targets to open the following cinema :- LOCATION NO. OF TARGET SCREENS OPENING DATE KL East Mall 8 2Q2024 ➢ GSC has 3 co-productions in 2024 - Legasi : Bomba the Movie, Takluk and Reversi. ➢ GSC will continue to develop more local content to
Slide 15: Film Exhibition & Distribution
FILM EXHIBITION & DISTRIBUTION ➢ As at 31 December 2023, the Group operates :- NO. OF NO. OF SCREENS LOCATIONS GSC, Malaysia 520 55 Galaxy Studio JSC, Vietnam 117 20 15
Slide 16: Property Financial Performance
FINANCIAL PERFORMANCE PROPERTY FY2023 FY2022 REVENUE (RM'Million) The lower revenue and profit were 117 -17% mainly due to lower progressive profit 141 recognised from the Megah Rise 0 50 100 150 Residensi units sold. The residential project was completed in August 2022. PROFIT (RM'Million) 17 -50%
Slide 17: Capital and Other Commitments
CAPITAL AND OTHER COMMITMENTS 17
Slide 18: Capital and Other Commitments by Segment
CAPITAL AND OTHER COMMITMENTS BY SEGMENT RM426 mil RM327 mil RM65 mil RM19 mil Grains & Film Exhibition & Consumer Products & Property Agribusiness Distribution Others • Investments in • New cinema sites in • System automation, • Refurbishment of China flour mills Malaysia and plant equipment invest
Slide 19: Dividend
WV PPB GROUP BERHAD DIVIDEND
Slide 20: Dividend
DIVIDEND Payout Ratio Dividend Dividend Paid/ Dividend Group Company Per Share Payable Yield Year (sen) (RM Million) (%) (%) (%) 2023 - Interim 12 171 29 36 - Proposed Final* 30 427 2.9# 52 > 100 42 598 43 76 2022 40 569 2.3 26 85 2021 35 498 2.0 33 64 2020 46^ 655 2.5 50 > 100 2019 31 441 1.6 38 94
Slide 21: Sustainability
WV PPB GROUP BERHAD SUSTAINABILITY
Slide 22: Key Sustainability Highlights 2023
KEY SUSTAINABILITY HIGHLIGHTS 2023 Improved RM2.4 mil invested Zero work-related FTSE4Good in Corporate Social fatality across the overall scoring Responsibility group Completed 4MWp of Benefited over solar project, total 13,000 individuals Zero case of investment close to through food aid, infringe
Slide 23: Status of Shariah Compliance
STATUS OF SHARIAH COMPLIANCE 23
Slide 24: Status of Shariah Compliance
STATUS OF SHARIAH COMPLIANCE PPB is classified as shariah -compliant based on an updated list of shariah -compliant securities by the Securities Commission's Shariah Advisory Council dated 24 November 2023. 24
Slide 25: Prospects
WV PPB GROUP BERHAD PROSPECTS
Slide 26: Prospects: Grains & Agribusiness
PROSPECTS GRAINS & AGRIBUSINESS For 2024, the growth of the Malaysian economy is anticipated to be driven by robust domestic expenditure and a positive shift in external demand. Household spending is expected to be supported by ongoing employment stability and continued wage growth. Additionally, in
Slide 27: Prospects: Consumer Products and Film Exhibition
PROSPECTS FILM EXHIBITION & CONSUMER PRODUCTS DISTRIBUTION The consumer market is expected to face The Film Exhibition and Distribution segment challenges arising from prevailing consumer recorded a loss in the fourth quarter of 2023 as a sentiment and spending patterns. However, result of the defer
Slide 28: Prospects: Property and Other Operations
PROSPECTS OTHER PROPERTY OPERATIONS With several property development Wilmar's performance will continue to projects being planned at various contribute substantially to the overall stages, improving mall performance will profitability of the Group. be the key driver for the Property segment in 2024