Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Halcyon Agri — H1 2022 Earnings Presentation
19 slides from Singapore Exchange's earnings presentation, Aug 15, 2022
Slide 1: H1 2022 Results Presentation
H1 2022 Results Presentation 15 August 2022
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: Our global footprint with outlets in key markets
Our global footprint with outlets in key markets Latex tanks in Terneuzen, The Netherlands Plantations operations Factory locations Distribution offices and logistics assets Newly commissioned latex factory in Sudcam PT Hok Tong Palembang factory in Indonesia The Group’s H1 2022 global volume (NR &
Slide 4: Financial Highlights
Financial Highlights
Slide 5: H1 2022 key financial highlights
H1 2022 key financial highlights (Year-on-year comparison against H1 2021) Volume Average selling price Gross profit 671,096 mT US$1,922 US$85.9m Maintained momentum +9.7% +17.6% amid challenging market Pre-tax profit Net profit Core EBITDA1 US$12.1m US$4.3m US$31.3m Improvement of US$9.1m Registere
Slide 6: H1 2022 results review – Continued momentum
H1 2022 results review – Continued momentum For the half year ended 30 June H1 2022 H1 2021 ▲% Factors • The Group's sales volume improved in tandem with growing Sales volume (mT) 671,096 657,634 2.0% demand, despite global macro headwinds in H1 2022. Average selling price (US$/mT) 1,922 1,752 9.7%
Slide 7: Overview of Group's performance
Overview of Group’s performance Sales volume (MT) 714,607 671,096 656,115 657,634 530,401 H1 2020 H2 2020 H1 2021 H2 2021 H1 2022 EBITDA by segment (US$m) 34.1 31.3 15.3 18.3 (9.3) 0.5 3.5 19.1 20.5 11.7 31.7 18.9 23.6 22.4 7.2 (1.0) (6.8) (5.7) (9.1) (13.7) (9.2) (5.5) (5.9) (6.4) (6.2) H1 2020 H2
Slide 8: Halcyon Rubber Company (HRC)
Halcyon Rubber Company (HRC) Revenue (US$m)1 Sales Volume (mT)1 2,000 • Sales volume and gross 867.3 969.6 946.3 508,128 549,341 515,236 profit in H1 2022 remains 1,500 488,434 680.6 393,032 steady despite macro 1,000 553.2 uncertainty, reflecting sturdy customer base. 500 • As the preferred supplie
Slide 9: CMC International (CMCI)
CMC International (CMCI) Revenue (US$m)1 Sales Volume (mT)1 • Amid supply chain challenges, our market 5,000 388.6 leadership and global 384.3 188,680 194,273 4,000 326.9 161,140 176,002 181,144 connectivity enabled us to 285.8 3,000 247.5 serve our customers closely, 2,000 providing them value-adde
Slide 10: CMC Plantations (CMCP)
CMC Plantations (CMCP) Revenue (US$m)1 Sales Volume (mT)1 • CMCP’s H1 volumes are typically lower than H2 3,000 25.0 due to wintering season 2,500 2,000 18.4 19.9 12,332 13,649 of two months. 14.6 10,313 1,500 8,258 1,000 8.4 5,727 9,904 12,206 7,098 • With effective cost 6,043 500 4,795 management,
Slide 11: Balance sheet overview
Balance sheet overview US$ in millions 30-Jun-22 31-Dec-21 Assets partially funded by debt Note 1: Please refer to the announcement for Total net working capital employed 774.8 724.1 the definition of the captions in the tables Net working capital assets 664.7 627.2 displayed above. Note 2: Translat
Slide 12: Cash flow
Cash flow Half year ended Half year ended US$m 30 June 2022 30 June 2021 Operating cash flows before working capital changes 28.5 21.2 Changes in working capital (49.2) (29.6) Tax (payment)/refund (2.8) (0.8) Cash flow used in operating activities (23.5) (9.3) Cash flow used in investing activities
Slide 13: Business and Operational Highlights
Business and Operational Highlights
Slide 14: Plantations business – H1 2022 highlights
Plantations business – H1 2022 highlights Group Plantation Profile1 (ha) Plantation yields2 (mT) Plantation Capex3 (US$m) Immature (ha) Mature (ha) Cumulative total since 31,420 Average age of 13,404 H1 2019 19.6 trees (Years) 1,216 17.8 104.1 Cameroon * 8.0 16.5 Malaysia 4.8 15.6 Ivory Coast 18.2 7
Slide 15: Notable progress on strategic developments
Notable progress on strategic developments The Group continued its strategic moves in H1 2022 with the following highlights: • Halcyon Agri’s associate, HeveaConnect raised new New Investors monies of US$5.5 million from Provident Capital, onboard digital DeClout Ventures and HeveaConnect management
Slide 16: Industry Outlook
Industry Outlook
Slide 17: Overview of movement in SICOM TSR20 1st position
Overview of movement in SICOM TSR20 1st position Average Q1 2020: US$1,333; Average Q2 2020: US$1,108; Average Q3 2020: US$1,280; Average Q4 2020: US$1,544; Average Q1 2021: US$1,672 Average Q2 2021: US$1,652 Average Q3 2021: US$1,659 Average Q4 2021: US$1,728 Average Q1 2022: US$1,770 Average Q2 20
Slide 18: NR Industry Outlook: Underlying Supply & Demand Dynamics
NR Industry Outlook: Underlying Supply & Demand Dynamics Positive Factors Counteracting Factors 1. Global mobility demand is expected to rise with increasing 1. Ongoing global supply chain constraints and electronic demand of OEM tyres and the surge in demand for electric components shortage may be
Slide 19: Thank you!
Thank you! Follow us on social media! Linkedin: Halcyon Agri Twitter: @HalcyonAgri Wechat: HalcyonAgri Visit us: www.halcyonagri.com Email us: investor@halcyonagri.com