Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Halcyon Agri — Q2 2019 Earnings Presentation
15 slides from Singapore Exchange's earnings presentation, Aug 13, 2019
Slide 1: Q2 & H1 2019 Results Presentation
Q2 & H1 2019 Results Presentation 13 August 2019
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: Q2 2019 Financial Highlights
Q2 2019 Financial Highlights
Slide 4: Q2 2019 Group performance overview
Q2 2019 Group performance overview Revenue (US$m)1 Sales Volume (mT)1 Balance sheet overview Q2 2019 H1 2019 Q2 2019 H1 2019 US$ in millions Jun-19 Mar-19 Dec-18 Sep-18 Assets partially funded by debt 512.1 911.9 334,136 612,490 WC employed 636.9 659.3 539.4 513.8 Corrie Corrie Working capital loans
Slide 5: Q2 2019 Group performance overview (Contd.)
Q2 2019 Group performance overview (Contd.) Headline Financials Headline Commentary • The Group observed slight improvement in profitability in Q2 US$ in millions Q2 2019 H1 2019 2019, following the increase in sales volume as a result of Revenue 512.1 911.9 marginally improved global sentiment. Gro
Slide 6: Income Statement Highlights
Income Statement Highlights Q2 ended 30 June H1 ended 30 June US$m 2018 2018 2019 (Restated) ▲% 2019 (Restated) ▲% Revenue 512.1 574.1 -10.8% 911.9 1,049.8 -13.1% Gross profit 34.0 40.5 -16.2% 65.7 69.0 -4.8% Operating profit 11.1 2.0 451.2% 14.6 6.7 119.6% Operating profit/(loss) after working capi
Slide 7: Segmental Performance
Segmental Performance
Slide 8: Halcyon Rubber Company (HRC)
Halcyon Rubber Company (HRC) Revenue (US$m)1 Sales Volume (mT)1 • Strong recovery in Q2 sales 2,000 1,800 Revenue (US$ per MT) volume following the end 148,003 146,089 143,793 140,199 of wintering season. 264.2 1,600 128,936 124,821 122,375 1,400 117,526 223.1 219.9 206.4 1,200 • Despite the increas
Slide 9: SINRIO
SINRIO Revenue (US$m)1 Sales Volume (mT)1 2,500 Revenue (US$ 182,016 per MT) 175,054 311.8 173,159 171,163 2,000 293.2 159,585 • Sales volume has improved 276.8 148,984 253.8 240.1 1,500 131,867 130,619 despite slowing 120,882 210.7 202.3 197.7 growth/demand from 171.2 1,000 China. 500 - • Despite t
Slide 10: Corrie MacColl
Corrie MacColl Revenue (US$m)1 Sales Volume (mT)1 2,500 Revenue (US$ per MT) • Returned to profitability in 168.7 166.2 165.4 102,597 102,308 100,303 2,000 100,021 157.2 139.2 Q2 2019 due to higher 85,991 83,462 volumes and the 127.9 1,500 116.1 improvement in the latex 99.5 62,125 61,356 60,634 93.
Slide 11: Cash Flows
Cash Flows
Slide 12: Cash Flows
Cash Flows Q2 ended 30 June H1 ended 30 June US$m 2019 2018 2019 2018 Operating cash flows before working capital changes 14.7 6.5 14.2 18.1 Changes in working capital 17.2 3.8 (26.4) (104.0) Payment of taxes and working capital loan interests (8.9) (4.8) (16.0) (8.8) Cash flow generated from/(used
Slide 13: Appendix
Appendix
Slide 14: Review of forward vs nearby price relationship in SICOM TSR20
Review of forward vs nearby price relationship in SICOM TSR20 Market structure of SGX TSR20 contracts (expressed in US$ • Q1 2019 represents the normal market per MT); abnormal pattern of inversion conditions, with an ascending forward curve (i.e. first position lower than 1,600 70 subsequent positi
Slide 15: Thank you
Thank you