Hiap Teck Venture Bhd. · MYX:HIAPTEK

Hiap Teck Venture Bhd — Q4 FY2024 Earnings Presentation

11 slides from Hiap Teck Venture Bhd's earnings presentation, Sep 27, 2024

  1. Slide 1: Analysts' Briefing Q4 / FY 2024 Performance Review

    ANALYSTS’ BRIEFING Q4 / FY 2024 PERFORMANCE REVIEW 27 SEPTEMBER 2024

  2. Slide 2: Corporate Structure (31 July 2024)

    CORPORATE STRUCTURE (31 JULY 2024) Key Operating Units 2

  3. Slide 3: The Macro Environment

    THE MACRO ENVIRONMENT MALAYSIA REAL GDP GROWTH 20.00 15.00 16.10 14.20 The Malaysian economy exceeded expectations 10.00 8.90 7.00 with a 5.9% growth in 2Q2024, supported by 5.00 3.60 5.00 5.60 2.90 3.10 2.90 4.20 5.90 stronger household spending, increased exports, higher tourist arrivals, and robu

  4. Slide 4: Group Performance Review - 4Q FY24 vs 4Q FY23

    HTVB GROUP PERFORMANCE REVIEW - 4Q FY24 vs 4Q FY23 (corresponding quarter) (RM’M) 4Q FY24 4Q FY23 Variance  Revenue declined by 8%, mainly due to lower Revenue 416.6 453.8 -8% average selling prices. Gross Profit 16.4 41.4 -60%  Gross profit was lower primarily due to GPM/(GLM) 3.9% 9.1% downward

  5. Slide 5: Group Performance Review - 4Q FY2024 vs 3Q FY2024

    HTVB GROUP PERFORMANCE REVIEW - 4Q FY2024 vs 3Q FY2024 (preceding quarter) (RM’M) 4Q FY24 3Q FY24 Variance  Revenue increased by 4%, attributed to higher sales Revenue 416.6 399.7 4% volumes. Gross Profit 16.4 30.1 -46%  Gross profit declined mainly due to the downward GPM 3.9% 7.5% trend in steel

  6. Slide 6: Performance Chart – FY2023 to 4Q FY2024

    PERFORMANCE CHART – FY2023 to 4Q FY2024  The GPM was -9.3% in 1Q FY2023, HTVB GROUP : GPM & OPERATING MARGIN resulting from higher inventory costs and a RM27.3 million write-down of inventories to NRV. 8.7% 9.2%  Following three quarters of 7.5% 7.5% improvement, the GPM dropped to 5.0% 5.9% 5.2%

  7. Slide 7: Eastern Steel Sdn. Bhd.

    HTVB p= Eastern Steel Sdn. Bhd.

  8. Slide 8: ESSB Performance Review – 4Q FY2024 vs 3Q FY2024

    ESSB PERFORMANCE REVIEW – 4Q FY2024 vs 3Q FY2024 (preceding quarter) (RM’M) 4Q FY24 3Q FY24 Variance  Revenue fell by 19%, primarily due to reduced sales volumes and lower average selling prices. Volume (kMT) 555.5 621.1 -11% Revenue  The drop in Gross Profit Margin can be largely 1,404.1 1,743.7

  9. Slide 9: ESSB Performance Review – 4Q FY2024

    ESSB PERFORMANCE REVIEW – 4Q FY2024 Q4 FY2024 Product Mix Billet, 18% Slab, 82% Thailand Indonesia Japan Australia Korea 2% 2% 2% 1% 0% Cameroon Slab Billet 3% Malaysia 13% Mexico 13% Turkey 64% MARKET DISTRIBUTION FY2024 9

  10. Slide 10: Outlook – Moderate Growth and Remain Cautious

    OUTLOOK – MODERATE GROWTH AND REMAIN CAUTIOUS  The Group’s net profit for 4Q FY2024 was RM47.6 million, driven by higher profits from ESSB. For the full year, PBT rose by 285% to RM107.3 million, up from RM31.8 million, marking a remarkable performance. Downstream businesses turned around from a pr

  11. Slide 11: Thank You

    HTVB THANK YOU

Hiap Teck Venture — Q4 FY2024 Earnings Presentation on 6ix