Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Halcyon Agri — H1 2023 Earnings Presentation
14 slides from Singapore Exchange's earnings presentation, Aug 14, 2023
Slide 1: H1 2023 Results Presentation
H1 2023 Results Presentation 14 August 2023
Slide 2: Important Notice
Important Notice This presentation has been prepared by Halcyon Agri Corporation Limited (“Company”) for informational purposes, and may contain projections and forward-looking statements that reflect the Company’s current views with respect to future events and financial performance. These views ar
Slide 3: Financial Highlights
Financial Highlights
Slide 4: H1 2023 results review
H1 2023 results review For the half year ended 30 June H1 2023 H1 2022 % Factors • The Group's sales volume improved mainly due to the expansion of Sales volume (mT) 789,966 640,357 23.4% rubber trading in China, synergies realised from the integration in China business. Average selling price (US$/m
Slide 5: Overview of Group’s performance
Overview of Group’s performance Sales volume (MT) 795,655 789,966 656,115 682,945 640,357 630,248 530,401 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 H2 2022 H1 2023 EBITDA by segment (US$m) 47.7 36.8 31.3 15.3 17.9 (9.3) 3.4 10.4 6.6 3.5 19.1 20.5 11.8 28.2 31.7 25.7 14.1 18.6 22.4 7.2 9.6 9.4 (1.0) (6
Slide 6: H1 2023 exceptional items and impact on P&L
H1 2023 exceptional items and impact on P&L During H1 2023, the Group has taken active and decisive steps to address and resolve its legacy matters, which resulted in one-off expenses. Items Amount Description (US$m) Recovery of third 20.8 • The Company has taken active steps to expedite the recover
Slide 7: Balance sheet overview
Balance sheet overview US$ in millions 30-Jun-23 31-Dec-22 Assets partially funded by debt Total net working capital employed 676.2 740.1 Net working capital assets 518.2 557.1 Cash and cash equivalents 111.3 118.7 Loans receivable 46.7 64.3 Working capital loans 591.9 679.1 % Efficiency in working
Slide 8: Cash flow
Cash flow Half year ended 30 June US$m 2023 2022 Operating cash flows before working capital changes (2.5) 28.5 Changes in working capital 31.2 (49.2) Interest received 0.9 - Tax payment (13.1) (2.8) Net cash flow from operating activities 16.5 (23.5) Net cash flow from investing activities 16.9 9.2
Slide 9: Business and Strategic Highlights
Business and Strategic Highlights
Slide 10: Plantations business – H1 2023 highlights
Plantations business – H1 2023 highlights Group Plantation Profile1 (ha) Plantation yields2 (mT) Plantation Capex3 (US$m) Immature (ha) Mature (ha) Cumulative total since 31,420 13,404 13,946 H1 2019 964 121.8 1,216 17.7 1,268 8,241 15.6 7,639 6,833 Hectares (ha) 6,631 405 14.0 21,544 541 5,883 588
Slide 11: Progress of refinancing exercise
Progress of refinancing exercise With the support of Halcyon’s two major corporate shareholders, Hainan Rubber Group and Sinochem International Corporation, the Group has successfully closed two syndicated loans to refinance the existing indebtedness which came due. This signifies the level of confi
Slide 12: Industry Outlook
Industry Outlook
Slide 13: NR Industry Outlook: Underlying Supply & Demand Dynamics
NR Industry Outlook: Underlying Supply & Demand Dynamics Positive Factors Counteracting Factors • International Monetary Fund (“IMF”) and Organisation for • Persistent inflation, tighter monetary policies, recession Economic Cooperation and Development (“OECD”) 2023 concerns and geopolitical tension
Slide 14: Thank you!
Thank you! Follow us on social media! Linkedin: Halcyon Agri Twitter: @HalcyonAgri Wechat: HalcyonAgri Visit us: www.halcyonagri.com Email us: investor@halcyonagri.com