Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Halcyon Agri — Q3 2017 Earnings Presentation
11 slides from Singapore Exchange's earnings presentation, Nov 3, 2017
Slide 1: Q3 & 9M 2017 Financial Results
Q3 & 9M 2017 FINANCIAL RESULTS 3 November 2017
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: Q3 & 9M 2017 highlights
Q3 & 9M 2017 highlights Financial performance Q3 2017 Revenue of US$482.1m, EBITDA of US$21.3m, PBT* of US$12.1m, Operating Profit of US$15.3m 9M 2017 Revenue of US$1,519.0m, EBITDA of US$65.2m, PBT* of US$40.5m, Operating Profit of US$48.3m Recorded strong net cash inflow of US$35.7m from ope
Slide 4: Key Financials
Key Financials Q3 9M US$m 2017 2016 2017 2016 Revenue 482.1 187.1 1,519.0 569.0 Gross profit 35.7 7.2 116.1 28.2 EBITDA 21.3 (1.8) 65.2 0.7 Operating profit/(loss) 15.3 (4.2) 48.3 (6.3) Net income/(loss) 8.7 (12.0) 29.5 (26.3) Sales volume (mT) 300,295 131,170 834,472 432,983 EBITDA after working ca
Slide 5: Q3 2017 segment contributions
Q3 2017 segment contributions Sales volume 1 (mT) Revenue1 (US$m) 5,529 8.0 168,811 278.7 197,785 313.2 Larger volume and revenue contribution from processing vs Processing Distribution Plantation Processing Distribution Plantation distribution Note (1) Sales volume and revenue include intersegment
Slide 6: Operational metrics: Processing
Operational metrics: Processing Sales volume (mT) Average revenue/mT (US$) 217,979 211,169 1,977 1,939 204,469 197,785 1,583 1,481 1,347 85,265 Avg revenue per tonne decrease driven by lower market prices Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Operating profi
Slide 7: Operational metrics: Distribution
Operational metrics: Distribution Sales volume (mT) Average revenue/mT (US$) 168,811 1,929 1,912 147,913 145,705 146,590 1,651 1,385 1,436 62,189 15% increase in sales volume from previous quarter driven by higher tonnage Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 201
Slide 8: Operational Metrics: Plantations
Operational Metrics: Plantations Cumulative Planted Area Land area (freehold and leasehold) 122,857 ha Plantable area 82,840 ha TRCI JFL 4% Planted area 34,025 ha 9% -Immature plantation 18,705 ha -Mature plantation 15,320 ha Sudcam Plantation Planted Area (ha) 24% Hevecam Hevecam 21,328 63% Sudcam
Slide 9: Cash flow
Cash flow Q3 9M US$m 2017 2016 2017 2016 Net cash generated (used in) / from operating activities, before working capital changes (4.9) 4.6 58.0 1.7 Changes in working capital 40.6 4.6 (127.4) 25.7 Net cash generated from/(used in) operating activities 35.7 9.2 (69.4) 27.4 Investing activities (16.4
Slide 10: Balance sheet
Balance sheet US$m 30-Sep-17 31-Dec-16 Total assets 1,797.2 1,558.4 Working capital cash and bank balances 104.9 66.6 Inventories 341.0 320.0 Trade receivables 137.2 98.1 Total working capital assets 583.1 484.7 Total liabilities (926.0) (910.5) Trade payables (42.9) (46.3) Working capital loans (cu
Slide 11: Q3 & 9M 2017 Financial Results
Q3 & 9M 2017 FINANCIAL RESULTS 3 November 2017