Carlsberg Brewery Malaysia Bhd. · MYX:CARLSBG
Carlsberg Brewery Malaysia Bhd — Q4 2019 Earnings Presentation
14 slides from Carlsberg Brewery Malaysia Bhd's earnings presentation, Feb 21, 2020
Slide 1: Financial Results Press & Analyst Briefing Q4'19
FINANCIAL RESULTS PRESS & ANALYST BRIEFING 21 February 2020 Q4’19 1
Slide 2: New Managing Director Stefano Clini
New Managing Director Stefano Clini Aged 53, Italian, appointed on 26 October 2019. Stefano has overall responsibility for the Carlsberg Malaysia Group, covering our operations in Malaysia and Singapore, and oversees Carlsberg’s investment in Sri Lanka. He joined the Carlsberg Group in September 201
Slide 3: New Leadership Team Members
New Leadership Team Members Pauline Lim Peter Wachenschwanz Koh Poi San Malaysian, 43 German, 35 Malaysian, 45 Human Resources Director Senior Supply Chain Director Legal and Company Secretarial Director Appointed on 25 November Appointed on 7 February 2020 2019 Appointed on 17 February 2020 3
Slide 4: FY19 Net Profit up 5%
FY19 Net Profit up 5% FY19 vs. FY18 Revenue up 13.8% to RM2.26 bil; profit from operations increased 8.0% to RM374.9 mil Share of Profits Dividend at 100.0 sen; Successful re-launch of Premiumization of RM16.3m from 105.1% payout ratio of Carlsberg Danish Pilsner & Innovation Lion Brewery net profit
Slide 5: Our Strategy - SAIL'22
Our Strategy - SAIL’22 © © ee STRENGTHEN POSITION DELIVER VALUE THE CORE FOR GROWTH FOR SHAREHOLDERS Grow in Go Big in Growth in Net Mainstream Premium Profit Build New A Revenue Streams High and Stable Dividend Yield -_____. PRIORITIES CREATE A WINNING CULTURE @D DEFEND OUR LICENSE TO OPERATE Gaus
Slide 6: Record Growth Momentum in Q4 and FY '19
Record Growth Momentum in Q4 and FY ’19 • FY19 organic revenue grew 10.2% after adjusting for 2019 impact of Sales and Services Tax (“SST”) effective 1 Sep 2018. Q4 ’19 FY ’19 • FY19 organic net profit up 6.8% after excluding a non- Results (RM million) (RM million) recurring insurance compensation
Slide 7: Dividends from FY2013 – FY2019
Dividends from FY2013 – FY2019 100.0 100.0 100.0 9.3 4.8 90.0 87.0 11.0 23.6 80.0 22.4 71.0 72.0 72.0 Dividend policy: Interim dividends 70.0 declared on a quarterly basis, with 61.0 17.0 a target payout of at least 75% of 60.0 16.6 the Group’s quarterly consolidated 50.0 net profit. 17.0 66.0 16.0
Slide 8: 7% Growth in Core Beer
FY19 vs. FY18 7% Growth in CORE BEER CARLSBERG DANISH PILSNER • Carlsberg Smooth Draught continues +5% to drive category growth, closing FY’19 with volumes up 24% in MY and CARLSBERG 30% in SG vs. FY’18. SMOOTH DRAUGHT +24% • Flagship Carlsberg Danish Pilsner grew 15% in Q4’19 vs. Q4’18 on the back
Slide 9: 13% Growth in Premium
FY19 vs. FY18 13% Growth in PREMIUM • 1664 Blanc and Connor’s Stout Porter maintained strong double-digit growth momentum. • Overall category growth from consumer preference + continued investments in promotions and sampling. 9
Slide 10: 58% Growth in Craft
FY19 vs. FY18 58% Growth in CRAFT Malaysia +115% Singapore +44% • Introduced Brooklyn Summer Ale seasonal variant in Malaysia for the first time • Expanded retail presence on e-commerce platforms in MY + premium supermarkets in SG
Slide 11: Inclusion in MSCI Global Standard Index
Inclusion in MSCI Global Standard Index Other accolades/recognition in FY2019: 1. FTSE4Good Bursa Malaysia Index inclusion 2. The Edge Billion Ringgit Club Best Corporate Responsibility Award • Listed as one of 40 constituents effective 28 Feb (under RM10 billion market cap) 2020. 3. Putra Brand Awa
Slide 12: FY'20 Outlook
FY’20 OUTLOOK
Slide 13: FY2020 Outlook
FY2020 OUTLOOK Q1 FY’20 sales will be impacted by trade loading in December ‘19 in view of early CNY ’20. Cautious outlook in response to the lower 2020 GDP growth forecast to 4.5% in MY & 0.9% in SG. Covid-19 is an important variable for macroeconomics and consumer sentiment. Increased focus on inn
Slide 14: Thank You
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