Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q4 2020 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Feb 26, 2021
Slide 1: 4th Quarter Ended 31 December 2020 Results
4th Quarter Ended 31 December 2020 Results 26 February 2021
Slide 2: Scope
Scope 1 Group financials 2 Operations review 2
Slide 3: Section 1: Group financials
SECTION 1 Group financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary The Group’s businesses in 4Q20 remained (RM’ Million) 4Q20 4Q19 Change 2020 2019 Change challenging amid the ongoing prolonged COVID-19 pandemic. Revenue 1,724.1 1,773.9 (3%) 5,850.3 7,096.1 (18%) The Group’s revenue for 4Q20 was lower by 3% Gross profit 1 6
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) 4Q20 4Q19 Change 4Q20 4Q19 Change 2020 2019 Change 2020 2019 Change Plantation 153.3 124.9 23% 50.8 32.7 55% 467.6 418.6 12% 110.9 39.4 182% Property 1 577.3 576.2 - 503.9 268.0 88% 1,776.4 2,068.4 (14%) 1,134.6 92
Slide 6: Group segment results – 4th Quarter
Group segment results – 4th Quarter Building Plantation Credit Plantation Materials 9% 7% 8% 8% Property Trading 32% 25% Revenue Operating 4Q20 Profit 4Q20 Property Automotive 85% 22% Credit 4% Building Building Materials Plantation Plantation Materials 4% 7% 9% 9% Credit 16% Trading, Operating 26%
Slide 7: Group segment results – Full Year
Group segment results – Full Year Plantation Credit Plantation Building Materials 6% 8% 14% 8% Property 29% Trading 29% Revenue Operating 2020 Profit 2020 Property 78% Automotive Credit 23% 5% Building Materials 4% Plantation 3% Building Materials Plantation 8% 6% Trading 2% Credit Property 20% Reve
Slide 8: Section 2: Operations review
SECTION 2 Operations review
Slide 9: Plantations: Results supported by higher selling prices
Plantations Results supported by higher selling prices Revenue and Operating Profit for 4Q20 and FY 2020 benefitted from 4Q Revenue FY Revenue higher average selling prices of CPO and PK, but dampened by lower sales volume of both CPO & PK due to lower production volume. RM’ Mil RM’ Mil 467.6 153.
Slide 10: Property Investment and Development
Property Investment and Development Higher profit from sales of non-strategic properties Revenue for 4Q20 and FY 2020 were affected by 4Q Revenue FY Revenue lower contribution from construction activities and RM’ Mil 577.3 576.2 RM’ Mil project as a results of the ongoing COVID-19 2,068.4 600 2,50
Slide 11: Credit Financing
Credit Financing Lower loan base attributed to prudent loan approval process The Division’s revenue for 4Q20 and FY 2020 were 4Q Revenue FY Revenue lower than last year as the Division continue to RM’ Mil RM’ Mil exercise prudence in its loan approval process in 100 78.0 315.2 70.9 400 285.8 view
Slide 12: Automotive: Results affected by weak demand
Automotive Results affected by weak demand The Division’s results for the current year were affected by weak 4Q Revenue FY Revenue demand arising from the COVID-19 pandemic. RM’ Mil RM’ Mil 1,494.4 397.3 420.9 1,378.9 Passenger vehicles sales for 4Q20 was up 9% compared to last 500 1,500 year, b
Slide 13: Trading: Results affected by weak demand and one-off costs
Trading Results affected by weak demand and one-off costs The Division comprises the fertilizers trading, general trading 4Q Revenue FY Revenue (“GT”), and ceramic tiles business under Malaysian Mosaics Sdn RM’ Mil 471.2 RM’ Mil 2,453.5 439.3 Bhd (“MMSB”). 500 2,500 1,753.2 Fertilizers trading’s
Slide 14: Building Materials: Operating loss affected by impairment loss
Building Materials Operating loss affected by impairment loss The Division comprises the quarry, asphalts and bricks 4Q Revenue FY Revenue businesses (“QBM”); and trading of building materials by 591.8 RM’ Mil RM’ Mil Hafary (“Hafary”). 200 162.1 600 138.8 404.2 Results for 4Q20 and FY continue
Slide 15: Thank You
@ HAP SENG aon
Hap Seng Consolidated Berhad — Q4 2020 Earnings Presentation on 6ix