Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — FY2018 Earnings Presentation
22 slides from Sime Darby Bhd's earnings presentation, Aug 30, 2018
Slide 1: FY2018 Results Announcement - Analyst Briefing
FY2018 RESULTS ANNOUNCEMENT Analyst Briefing: Financial Year Ended 30 June 2018 30 August 2018
Slide 2: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 3: FY2018 Financial Results: Reported Profit
FY2018 Financial Results Reported Profit: 12 months ended 30 June 2018 In RM Million FY2018 FY2017 YoY % Revenue 33,828 31,087 8.8 PBIT 1,074 784 37.0 Finance income1 104 512 Finance costs (113) (289) Profit before tax 1,065 1,007 5.8 Taxation (380) (212) Profit from continuing operations 685 795 (1
Slide 4: FY2018 Financial Results: Core Net Profit
FY2018 Financial Results Core Net Profit: 12 months ended 30 June 2018 In RM Million FY2018 FY2017 YoY % Reported PBIT 1,074 784 37.0 Adjustments • Disposal of/compensation from properties (238) (30) • Bucyrus impairment & provision for onerous contract - 257 • Motors Vietnam 1991 66 • Impairment of
Slide 5: Segmental PBIT
FY2018 Results Announcement Segmental PBIT: 12 months ended 30 June 2018 FY2018 FY2017 Reported Core In RM Reported Adjust- Reported Adjust- PBIT PBIT Million Core PBIT Core PBIT YoY % YoY % PBIT ments PBIT ments Industrial 612 (178)1 434 (4) 257 253 15,400.0 71.5 Motors 543 1492 692 633 36 669 (14.
Slide 6: 4Q FY2018 Reported Profit
4Q FY2018 Results Announcement Reported Profit: 4Q ended 30 June 2018 In RM Million 4Q FY2018 4Q FY2017 YoY % Revenue 8,575 8,200 4.6 PBIT 354 68 420.6 Finance income 13 1281 Finance costs (26) (98) Profit before tax 341 98 248.0 Taxation (164) (14) Profit from continuing operations 177 84 110.7 Non
Slide 7: 4Q FY2018 Core Net Profit
4Q FY2018 Results Announcement Core Net Profit: 4Q ended 30 June 2018 In RM Million 4Q FY2018 4Q FY2017 YoY % Reported PBIT 354 68 420.6 Adjustments • Bucyrus impairment & provision of onerous contract - 257 • Motors Vietnam 6 70 • Yayasan Sime Darby - 10 • Disposal of properties (13) - • Impairment
Slide 8: 4Q FY2018 Segmental PBIT
4Q FY2018 Results Announcement Segmental PBIT: 4Q ended 30 June 2018 4Q FY2018 4Q FY2017 Reported Core In RM Million Reported Adjust Reported Adjust PBIT PBIT Core PBIT Core PBIT YoY % YoY % PBIT ments PBIT ments Industrial 142 (13)1 129 (192) 257 65 174.0 98.5 Motors 275 62 281 241 70 311 14.1 (9.6
Slide 9: Snapshot of borrowings position
FY2018 Results Announcement Snapshot of borrowings position Long Term vs Short Term Borrowings Total Borrowings 2,889 2,647 247 274 RM 2.89bn 2,373 2,642 As at 30 June 2018 Mar-18 Jun-18 ST Borrowings LT Borrowings RM14.8bn 19.6% RM1.67bn Bank balances, deposits Total Equity Debt/Equity Ratio and ca
Slide 10: Revenue by Geography
FY2018 Results Announcement Revenue by Geography SEA (excl. Malaysia Msia) 14% Sime Darby is a regional MNC whereby 18% 85% of revenue comes from outside Malaysia FY2018 • China is the largest region, contributing Revenue by Geography ~40% of our revenue. 2 • The second largest region is Australia,
Slide 11: Segmental Results
Sime Segmental Results
Slide 12: Industrial Division
Industrial Division Improved business conditions in China and Australasia +29% 13,041 612 Australasia 10,127 590 490 • Improved contribution from equipment deliveries to 390 both mining and construction sectors +15,400% 290 • Product support business segment (mainly parts) 190 attributed to higher s
Slide 13: Industrial Outlook
Industrial Outlook Strong order book in Australasia, Malaysia and Singapore RM2,747m AUSTRALASIA Order book as at 30 • Stronger sales expected to continue mainly from the uptick in the mining cycle as well as short-term demand from the June 2018 construction sector. MALAYSIA • Deferment of major pro
Slide 14: Motors Division
Motors Division Improved performance in China region -1.3% 21,000 20,601 -14% China, HK, Macau, Taiwan 20,500 20,341 700 633 • Higher volume from luxury cars in Hong Kong 20,000 543 600 • Financial performance in Taiwan improved due to new models 19,500 500 400 being launched and growing dealer netw
Slide 15: Motors Outlook
Motors Outlook Modest growth expected in core markets 17,320 13,325 20,118 9,219 81,741 Units Sold 1,373 (FY2017: 83,974) Units Sold 192 Units Sold FY2017 FY2018 29,896 17,663 35,601 34,293 16,611 Units Assembled (FY2017: 19,886) Australia & NZ China, HK, Macau, Taiwan Malaysia Vietnam Singapore & T
Slide 16: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected to boost sales in 1QFY2019 Lamborghini Urus BMW i8 Coupe August 2018 August 2018 BMW 6 Series GT Jaguar F-Type September 2018 September 2018
Slide 17: Logistics and Healthcare
Logistics and Healthcare Higher port throughput; higher profit from Malaysia healthcare Logistics Healthcare Ports 380 +13% 341 +16% 330 • Higher general cargo and 303 80 74 container throughput +58% 70 64 57 280 • FY17 includes RM10m gain on 60 60 disposal of 50% equity interest in 50 50 230 Weifan
Slide 18: Disclaimer
Disclaimer This presentation does not constitute and is not an offer to sell or the solicitation of an offer to buy securities of any company referred to in this presentation in the United States or elsewhere. The companies referred to herein have not registered and do not intend to register any sec
Slide 19: Appendices
Sime Appendices
Slide 20: 4Q FY2018 External Revenue by Region
4Q FY2018 Results Announcement 4Q FY2018 External Revenue by Region In RM Million 4Q FY2018 4Q FY2017 YoY % Industrial Malaysia 297 278 6.8 SE Asia ex Malaysia 175 192 (8.9) China/HK 1,231 821 49.9 Australasia 1,824 1,591 14.6 3,527 2,882 22.4 Motors Malaysia 900 1,020 (11.8) SE Asia ex Malaysia 1,1
Slide 21: 4Q FY2018 PBIT by Region
4Q FY2018 Results Announcement 4Q FY2018 PBIT by Region In RM Million 4Q FY2018 4Q FY2017 YoY % Industrial Australasia 47 10 370.0 China 55 30 83.3 Malaysia 4 7 (42.9) SEA 23 18 27.8 Disposal of Properties 13 - - Bucyrus impairment - (257) - 142 (192) 174.0 Motors China 51 76 (32.9) Singapore & Thai
Slide 22: Thank you
Thank you x) Delivering Sustainable Futures