Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q1 2019 Earnings Presentation
14 slides from Hap Seng Consolidated Bhd's earnings presentation, Jun 3, 2019
Slide 1: 1st Quarter Ended 31 March 2019 Results
1st Quarter Ended 31 March 2019 Results 3 June 2019
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 revenue for 1Q19 at RM1.75 billion (RM’ Million) 1Q19 1Q18 Change was 15% higher than last year with higher Revenue 1,749.8 1,528.2 15% contribution from Plantation, Property, Credit Financing and Trading Divisions. Gross profit 1 455.7 418.3 9% EBIT
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT (RM’ Million) 1Q19 1Q18 Change 1Q19 1Q18 Change Plantation 126.3 121.2 4% 7.7 22.4 (66%) Property 1 484.4 314.4 54% 241.9 214.6 13% Credit Financing 76.1 67.3 13% 63.6 53.3 19% Automotive 315.0 330.1 (5%) 0.5 6.0 (91%) Trading 595.5 522.3 14% 16.7 13.0
Slide 6: Group segment results – 1st Quarter
Group segment results – 1st Quarter Building Materials Trading 2% Plantation 5% 2% Plantation Building 7% Materials 12% Credit 19% Property 27% Operating Trading Revenue Profit 33% 1Q19 1Q19 Credit Property Automotive 4% 72% 17% Trading 4% Automotive Plantation 2% Plantation Building 8% 7% Credit Ma
Slide 7: Operations review
SECTION 2 Operations review
Slide 8: Plantations
Plantations Results weighed down by lower average selling prices ❑ Revenue for 1Q19 was 4% higher than last year with higher sales 1Q Revenue volume of CPO and PK, benefitting from higher production volume. RM’ Mil 126.3 1Q19 1Q18 121.2 150 Average Prices • CPO 2,099 2,590 100 • PK 1,370 2,262 50 Sa
Slide 9: Property Investment and Development
Property Investment and Development Higher contribution from projects, construction activities & sales of non-strategic properties ❑ Revenue and operating profit for 1Q19 benefitted 1Q Revenue from higher contribution from projects, construction RM’ Mil activities and sales of non-strategic properti
Slide 10: Credit Financing
Credit Financing Loan base expanded to RM4 billion ❑ The Division’s revenue and operating profit for 1Q Revenue 1Q19 were 13% and 19% above last year on the RM’ Mil 76.1 back of higher loan base. 67.3 80 ❑ Loan base as at end 1Q19 was at RM4 billion, 22% 60 above last year (1Q18: RM3.3 billion) with
Slide 11: Automotive
Automotive 1Q19 results affected by weaker market demand of passenger vehicles ❑ Revenue and operating profit for 1Q19 were affected 1Q Revenue by lower sales volume of passenger vehicles due to RM’ Mil the generally weak market demand. 400 315.0 330.1 ❑ However, the overall revenue for 1Q19 was mit
Slide 12: Trading
Trading Higher contribution from fertilizers trading business ❑ The Division comprises of the fertilizers trading 1Q Revenue and general trading businesses. RM’ Mil 595.5 522.3 ❑ Revenue and operating profit for the 1Q19 600 benefitted mainly from higher contribution from its 400 fertilizers trading
Slide 13: Building Materials
Building Materials Improved operating profit post rationalization exercise ❑ Revenue for 1Q19 was affected mainly by lower sales 1Q Revenue volume achieved by the quarry, asphalt and MMSB RM’ Mil businesses. 300 213.0 223.2 ❑ Hafary’s revenue was marginally lower than last year, 200 affected by slow
Slide 14: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q1 2019 Earnings Presentation on 6ix