Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — GMG Global — Q3 2012 Earnings Presentation
17 slides from Singapore Exchange's earnings presentation, October 2012
Slide 1: Corporate Presentation: 3Q12 Financial Results
Corporate Presentation A Growing Natural Rubber Play 3Q12 Financial Results GMG GLOBAL LIMITED A subsidiary of SINOCHEM International 1
Slide 2: Financial Overview - 3Q2012
Financial Overview ‐ 3Q2012 2
Slide 3: 3Q12 vs 3Q11 highlights
3Q12 vs 3Q11 highlights Revenue 2.5% S$304.3 million GPM 4.5pp 10.8% 47.4% y‐ Tonnage o‐y 81,664 mt 33.9% NR ASP y‐o‐y S$3,726 per ton pp. Denotes percentage points 3
Slide 4: Financial Highlights
Financial Highlights 3 months 3 months Change 9 months 9 months Change ended ended % ended ended % 30 Sep 30 Sep 30 Sep 30 Sep 2012 2011 2012 2011 (3Q12) (3Q11) (9M12) (9M11) S$mil S$mil S$mil S$mil Revenue 304.3 312.3 (2.5) 860.8 883.5 (2.6) Gross Profit 32.8 47.7 (31.4) 104.9 121.6 (13.7) Gross Pr
Slide 5: Financial Highlights
Financial Highlights As at As at Change 30 Sep 2012 31 Dec 2011 % S$mil S$mil Net asset per 10.55 10.56 (0.1) share (cents) Total loans 131.2 109.8 19.5 Total cash and 140.9 452.2 (68.8) bank balances Shareholders’ 808.3 808.9 (0.07) funds Debt: Equity 0.162 0.136 19.1 ratio 5
Slide 6: Revenue highlights for 3Q12
Revenue highlights for 3Q12 • Revenue dipped 2.5% y‐o‐y to S$304.3 mil for 3Q12 on lower ASP during the quarter • NR ASP dipped 33.9% from S$5,636 per ton in 3Q11 to S$3,726 per ton in 3Q12 due to lower prevailing NR selling prices during 3Q12 • Tonnage sold increased 47.4% y‐o‐y to 81,664 mt largel
Slide 7: Tonnage and GPM
Tonnage and GPM Tonnage sold increased 47.4% y‐o‐y to 81,664 mt largely due to increase of volume sold by Teck Bee Hang and first time volume addition from ITCA Tonnage increased from 21,205mt and SIAT SA during 1Q10 to 45,447mt during 1Q11 on contribution from Teck Bee Hang. Decreased GPM on higher
Slide 8: Low Gearing and Strong Financials
Low Gearing and Strong Financials Key figures as at 30 September 2012 (3Q12): • Low debt to equity leverage ratio of 0.162 • Total shareholders’ funds of S$808.3 million • Cash and bank balances of S$140.9 million 8
Slide 9: Balance Sheet Highlights for 3Q12
Balance Sheet Highlights for 3Q12 Balance sheet as at (S$mil) 30‐Sep‐12 31‐Dec‐11 Plantation Assets 237.7 233.9 Net asset per share 10.55 cents 10.56 cents Total loans 131.2 109.8 Total cash and bank balances 140.9 452.2 Shareholders' funds 808.3 808.9 Debt: Equity ratio 0.162 0.136 Maintains health
Slide 10: Share statistics as at 18 Oct 2012
Share statistics as at 18 Oct 2012 Share data As at 18 Oct 2012 Last price S$0.132 Market capitalisation S$1.011 billion Number of shares issued 7.66 billion Free float (%) 36.4% 10
Slide 11: Business Update
Business Update 11
Slide 12: Outlook
Outlook • Outlook for natural rubber in European and USA markets still likely to be weak • Demand from China more stable and positive • World’s largest rubber exporters, Indonesia, Thailand and Malaysia to set export curbs on rubber shipments • The Group would further enhance core expertise and oper
Slide 13: Strategy roadmap
S va in oc lu he e‐ m ad ’s de fo d cu in s : te T gr o b at e ed a NR l ea pl din ay g er Strategy roadmap GM m G’ fo id s cu str s: ea Up m str ea m an d 13
Slide 14: Our Progress
Our Progress 2014 target output an d ns 450,000mt er atio n op ut ati o u tp FY11 t lan ssing o g p 206,947mt r owin proce G FY10 97,549mt FY09 72,755mt FY08 62,802mt 14
Slide 15: African advantage and presence in major rubber producing countries
African advantage and presence in major rubber producing countries SOUTH THAILAND COTE D'IVOIRE, WEST AND SOUTH AFRICA KALIMANTAN, INDONESIA CAMEROON, AFRICA Overview of operations in key rubber producing countries Land bank Plantable area Processing Cote d’Ivoire 1,560 ha 1,406 ha 56,000 mt Cameroo
Slide 16: Key Investment Merits
e Integrated NR play with sound business model e African advantage and presence in major rubber producing countries e Strong parentage — Strategic acquisitions and proxy to China market e Professional and experienced management team e Low gearing and strong financials AATF 16
Slide 17: Thank you
Thank you Investor Relations Contact: Financial PR Pte Ltd EL LEE, el@financialpr.com.sg Tel: +65 6438 2990 / Fax: +65 6438 0064 17