Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — FY2019 Earnings Presentation
22 slides from Sime Darby Bhd's earnings presentation, Aug 27, 2019
Slide 1: FY2019 Results Announcement
FY2019 Results Announcement Analyst Briefing: Fourth Quarter ended 30 June 2019 27 Aug 2019
Slide 2: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 3: FY2019 Financial Results: Reported Profit
FY2019 Financial Results Reported Profit: Financial year ended 30 June 2019 In RM Million FY2019 FY2018 YoY % Revenue 36,156 33,828 6.9 PBIT 1,383 1,074 28.8 Finance income 32 104* Finance costs (124) (113) Profit before tax 1,291 1,065 21.2 Taxation (281) (380) Profit from continuing operations 1,0
Slide 4: FY2019 Core Profit of Continuing Operations
FY2019 Financial Results Core Profit of Continuing Operations: Financial year ended 30 June 2019 In RM Million FY2019 FY2018 YoY % Reported PBIT 1,383 1,074 28.8 Adjustments • Motors Vietnam (12) 199 • Gain on disposals (126)1 (238)2 • Fair value loss on financial assets (MES) 47 - • Share of loss o
Slide 5: FY2019 Segmental PBIT
FY2019 Financial Results Segmental PBIT: Financial year ended 30 June 2019 FY2019 FY2018 Reported Core In RM Reported Core Reported Core PBIT PBIT Million Adjustments Adjustments PBIT PBIT PBIT PBIT YoY % YoY % Industrial 798 191 817 612 (178)6 434 30.4 88.2 Motors 628 (12)2 616 543 1497 692 15.7 (1
Slide 6: Q4 FY2019 Financial Results
Q4 FY2019 Financial Results Quarter ended 30 June 2019 In RM Million Q4 FY2019 Q4 FY2018 YoY % Revenue 9,323 8,575 8.7 PBIT 367 354 3.7 Finance income 8 13 Finance costs (31) (26) Profit before tax 344 341 0.9 Taxation (142) (164) Profit after tax 202 177 14.1 Non-controlling interests (18) (14) Net
Slide 7: Q4 FY2019 Core Profit of Continuing Operations
Q4 FY2019 Financial Results Core Profit of Continuing Operations: Quarter ended 30 June 2019 In RM Million Q4 FY2019 Q4 FY2018 YoY % Reported PBIT 367 354 3.7 Adjustments • Motors Vietnam 4 6 • Gain on disposals (10)1 (23)2 • Share of loss of WPS 119 - • Share of loss/ impairment of equity interest
Slide 8: Q4 FY2019 Segmental PBIT
Q4 FY2019 Financial Results Segmental PBIT: Quarter ended 30 June 2019 Q4 FY2019 Q4 FY2018 Reported Core In RM Reported Core Reported Core PBIT PBIT Million Adjustments Adjustments PBIT PBIT PBIT PBIT YoY % YoY % Industrial 212 (10) 1 202 142 (13)5 129 49.3 56.6 Motors 276 42 280 275 66 281 0.4 (0.4
Slide 9: Snapshot of borrowings position as at 30 June 2019
FY2019 Results Announcement Snapshot of borrowings position as at 30 June 2019 Long Term vs Short Term Borrowings Total Borrowings 212 178 3,308 2,397 RM2.6bn As at 30 June 2019 31 March 31-Mar-19 2019 30 June 2019 30-Jun-19 ST Borrowings LT Borrowings RM15.1bn 17.03% RM1.7bn Bank balances, deposits
Slide 10: Segmental Results
Sime Segmental Results
Slide 11: Industrial Division
Industrial Division Increased sales and profits in Australasia Australasia +8.2% +30.4% 14,113 798 • Higher equipment deliveries to both mining and 13,041 construction sectors 612 • Higher margins from parts and services • Contribution from Hardchrome since Dec 2018 - RM15m • Results partly offset b
Slide 12: Industrial Outlook
Industrial Outlook Outlook remains positive despite slight reduction in order book AUSTRALASIA • Growth in mining industry in Asia Pacific region propelling demand for both mining equipment RM2,747m RM2,381m replacement cycles and expansions Order book as at -13% Order book as at • Higher machine ut
Slide 13: Motors Division
Motors Division Intensifying competition in major markets China, HK, Macau, Taiwan +6.2% +15.7% • Higher units of BMW and Super Luxury vehicles sold in China, 21,606 628 20,341 however margins for BMW operations were lower due to 543 competitive market. • Lower margins from after-sales operations fr
Slide 14: Motors Outlook
Motors Outlook New models in premium segment to spur growth despite challenging market environment 86,906 9,219 9,093 17,404 20,310 Units Sold (FY2018: 81,741) Units Sold Units Sold FY2018 FY2019 16,872 37,210 35,601 16,611 43,537 Units Assembled (FY2018: 29,896) Australia & NZ China,HK,Macau,Taiwan
Slide 15: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected to boost sales in 1QFY2020 BMW Z4 2019 Mini 60 Years Edition July 2019 August 2019 BMW X3M & X4M Porsche 911 Cabriolet September 2019 September 2019 14
Slide 16: Logistics and Healthcare
Logistics and Healthcare Logistics results weighted down by impairment; modest growth from healthcare operations Logistics Healthcare -17.0% 341 -97.3% Ports -14.0% 74 283 • Weaker performance due to lower 57 throughput at ports 49 • Weifang Port Services share of loss of RM119m Water 2 • Recorded 3
Slide 17: 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 18: Thank you
Sime Thank you
Slide 19: Appendices
Sime Appendices
Slide 20: 4Q FY2019 External Revenue by Region
4Q FY2019 Results Announcement ended 30 June 2019 4Q FY2019 External Revenue by Region In RM Million 4Q FY2019 4Q FY2018 YoY % Industrial Malaysia 268 297 (9.8) SE Asia ex Malaysia 156 175 (10.9) China/HK 1,074 1,231 (12.8) Australasia 2,268 1,824 24.3 3,766 3,527 6.8 Motors Malaysia 952 900 5.8 SE
Slide 21: 4Q FY2019 PBIT by Region
4Q FY2019 Results Announcement ended 30 June 2019 4Q FY2019 PBIT by Region In RM Million 4Q FY2019 4Q FY2018 YoY % Industrial Malaysia 9 4 125.0 SE Asia ex Malaysia 17 22 (22.7) China/HK 53 55 (3.6) Australasia 123 61 101.6 Gain on disposal/Impairment/FV 10 - - loss on financial assets 212 142 49.3
Slide 22: Thank you
Sime Thank you