Drb-hicom Bhd. · MYX:DRBHCOM
Drb-hicom Bhd — Shareholder Meeting (May 2025)
25 slides from Drb-hicom Bhd's shareholder meeting presentation, May 28, 2025
Slide 1: Questions from Minority Shareholders Watch Group (MSWG)
th Questions from ANNUAL Minority Shareholders Watch GENERAL Group (MSWG) MEETING 28 May 2025
Slide 2: Question 1a: Proton e.MAS 7 sales and bookings
Operational and Financial Matters Question 1: A historic moment in Malaysia’s automotive industry was created with the launch of Malaysia’s first electric vehicle (“EV”), on 16 December 2024 – the Proton e.MAS 7 (page 26 of AR2024). a) To-date, how many Proton e.MAS 7 cars were sold since its launch
Slide 3: Answer 1a: Proton e.MAS 7 units sold and delivery period
Operational and Financial Matters Answer (1a): • As of 30 April 2025, PROTON sold 2,716 units of Proton e.MAS 7 over the cumulative 5,500 bookings since its launch on 16 December 2024. • The delivery period is between 1 to 3 months, subject to the model variant and colour choice. 3
Slide 4: Question 1b: EV competition and market share
Operational and Financial Matters Question (1b): While EV tax exemptions are expected to further stimulate demand, the Group is likely to face intensified competition from increasingly affordable Chinese EVs models. Additionally, with the upcoming launch of Perodua EV, expected in the later part of
Slide 5: Answer 1b: EV market share target and new models
Operational and Financial Matters Answer (1b): • The Malaysian government has set a growth target of 20% EV market share by 2030. • This presents significant opportunities for PROTON, as EV market share stood at 2.87% as of 31 March 2025. • The EV development synergy between PROTON and Geely has map
Slide 6: Question 1c: Relocation from Shah Alam to Tanjong Malim
Operational and Financial Matters Question (1c): In relation to the PROTON’s phased relocation of operations from Shah Alam to Tanjong Malim (page 32 of AR2024), what is the total estimated cost of relocation to be incurred? When does PROTON plan to complete its full relocation to Tanjong Malim? 6
Slide 7: Answer 1c: Relocation cost and timeline
Operational and Financial Matters Answer (1c): • The total estimated cost of relocation is approximately RM107 million comprised of manufacturing facilities, R&D vehicle and powertrain test labs, data centre and office equipment. • Additional consideration on manpower costs and inventory management
Slide 8: Question 2a: Bank Muamalat net interest margin
Operational and Financial Matters Question 2: Overall, Bank Muamalat Malaysia Berhad (“Bank Muamalat”) recorded higher revenue of RM2.11 billion (FYE2023: RM1.72 billion), but lower profit of RM201.05 million (FYE2023: RM326.74 million), with a significant increase in net impairment of RM45.07 milli
Slide 9: Answer 2a: Bank Muamalat NIM for FY2024 and outlook
Operational and Financial Matters Answer (2a): • For FY2024, Bank Muamalat recorded a net interest margin (“NIM”) of 2.06%, slightly below the industry average of 2.07%, due to a decrease in value of certain investments in December 2024. • Excluding this one-off item, the adjusted NIM would have sto
Slide 10: Question 2b(i): Increase in expected credit loss
Operational and Financial Matters Question (2b): The expected credit loss increased substantially by 24.25% to RM98.19 million (FYE2023: RM79.02 million) under Stage 3 allowance for impaired financing (page 370 of AR2024). i. Which segment of customers and the utilisation of the financing had caused
Slide 11: Answer 2b(i): Drivers of credit impairment
Operational and Financial Matters Answer (2b)(i): • The increase in credit impairment for FY2024 was mainly driven by retail, commercial and SME segments particularly from legacy accounts prior to 2017. • The potential increase in credit risk mainly affects businesses in export dependent-sector. • G
Slide 12: Question 2b(ii): Impaired loans written off
Operational and Financial Matters Question (2b): ii. Meanwhile, Bank Muamalat wrote off more impaired loans in FYE2024 at RM161.35 million compared to RM98.8 million (page 372 of AR2024). From which segment of customers and the types of financing that these written-off loans involved? Were these loa
Slide 13: Answer 2b(ii): Loan write-offs by segment
Operational and Financial Matters Answer (2b)(ii): • The increase in loan write-offs for FY2024 was mainly from the Corporate and Retail segments. • The Corporate segment involved legacy accounts, with an outstanding balance of approximately RM64.7 million, targeted for recovery with expected materi
Slide 14: Answer 2b(ii): Write-offs and recovery efforts (continued)
Operational and Financial Matters Answer (2b)(ii): (continued) • These exposures were not related to the Bank’s COVID-19 relief measures but stemmed from aging accounts that met the write-off criteria under the Bank’s internal credit and recovery policies. • The Recovery Department has strengthened
Slide 15: Question 2c: Gross impaired loan ratio
Operational and Financial Matters Question (2c): What was Bank Muamalat’s gross impaired loan ratio for FYE2024? What is the overall view of Bank Muamalat’s asset quality moving forward? 15
Slide 16: Answer 2c: GIL ratio and asset quality outlook
Operational and Financial Matters Answer (2c): • As of FY2024, Bank Muamalat’s gross impaired loan (“GIL”) ratio was 1.05%, below the industry average of 1.45%. • The increase in impaired loans was mainly due to large legacy accounts in the non-retail segment, some of which were written off during t
Slide 17: Question 2d(i): Cybersecurity investment
Operational and Financial Matters Question (2d): One of Bank Muamalat’s future digital initiatives includes strengthening its cybersecurity and data privacy (page 48 of AR2024). i. What was the total investment in cybersecurity for FYE2024 and the budgeted allocation for 2025 to strengthen the Bank’
Slide 18: Answer 2d(i): Cybersecurity investment and budget
Operational and Financial Matters Answer (2d)(i): • Total Investment in cybersecurity FY2024: RM6.0 million • Budget allocation for cybersecurity infrastructure FY2025: RM10.7 million 18
Slide 19: Question 2d(ii): Resilience against AI-enabled scams
Operational and Financial Matters Question (2d): ii. Considering recent artificial intelligence-enabled scam attempts targeting senior C-suite executives, how resilient are Bank Muamalat’s defences against similar scams? 19
Slide 20: Answer 2d(ii): Cybersecurity framework enhancements
Operational and Financial Matters Answer (2d)(ii): • Bank Muamalat has proactively enhanced its resilience against artificial intelligence-enabled scams by reinforcing its cybersecurity framework in line with BNM’s Risk Management in Technology policy. • The Bank continuously strengthens its IT secu
Slide 21: Answer 2d(ii): Safeguards and monitoring (continued)
Operational and Financial Matters Answer (2d)(ii): (continued) • Financial processes are further safeguarded by the establishment of policies and guidelines that require dual verification (maker-checker) for all transactions. • In addition, the Bank monitors its digital footprint using tools such as
Slide 22: Question 3: Pos Malaysia losses and restructuring
Operational and Financial Matters Question 3: Pos Malaysia Berhad (“Pos Malaysia”) has continued to incur losses over the past five consecutive years, adversely impacting DRB-HICOM’s bottom line. Given that many countries operate their national postal services under government ownership, would the G
Slide 23: Answer 3: Pos Malaysia structural challenges
Operational and Financial Matters Answer (3): • While the Group values Pos Malaysia long-term strategic relevance within our business portfolio, the structural challenges it faces such as declining mail volumes, rising operational costs and increasing market competition require strategic policy supp
Slide 24: Answer 3: Stakeholder engagement on USO reform (continued)
Operational and Financial Matters Answer (3): (continued) • The Group has been actively engaging with key stakeholders to restore financial sustainability through Universal Service Obligation (“USO”) reform with Malaysian Communications and Multimedia Commission (“MCMC”), market transparency for ‘ch
Slide 25: Thank You
35” ANNUAL GENERAL MEETING 28 MAY 2025 THANK YOU