Fraser & Neave Ltd. · SGX:F99
Fraser & Neave — H1 2011 Earnings Presentation
5 slides from Fraser & Neave's earnings presentation, May 13, 2011
Slide 1: Financial Highlights
Goh Sik Ngee Chief Executive Officer, Times Publishing Group 13 May 2011 Financial Highlights • Revenue up 3% REVENUE REVENUE (Normalised) (normalised for divestments in (2%) +3% Printing & Retail) • Increase driven by recovery in printing volume and double- digit growth for Education Publishing exp
Slide 2: Financial Highlights
Financial Highlights • Underlying business performed well; earnings1 up 15% • PBIT and PAT declined largely due to • Lower contribution from associated companies (Impairment from restructuring and rationalisation of operations of Australian associate) • Forex losses • Cessation of Singapore governme
Slide 3: Publishing and Printing 1H2011 Performance
Publishing 1H2011 Performance • Strong topline performance from Education Publishing; Exports remains encouraging • Some delay experienced in education export and deferment of directories publication (to materialize in 2H) • Library reference business in US affected due to cut back in public library
Slide 4: Retail & Distribution 1H2011 Performance and Outlook for 2H
Retail & Distribution 1H2011 Performance • Overall Revenue declined largely attributed to the divestment of school bookstore business • Retail PBIT improved due to better retail space and merchandising management; despite development cost for NoQ • Distribution PBIT declined largely due to weak perf
Slide 5: Strategic Priorities for 2H
Strategic Priorities for 2H • Devote more resources to build global education publishing footprint • NoQ – Improve operational efficiency, increase marketing spend & promotional activities to create brand awareness, generate traffic & build membership base Strategic • R&D of digital education produc