Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — Q3 FY2020 Earnings Presentation
24 slides from Sime Darby Bhd's earnings presentation, May 21, 2020
Slide 1: FY2020 Results Announcement
FY2020 Results Announcement Analyst Briefing: Third Quarter Ended 31 March 2020 21 May 2020
Slide 2: Speaker List
3Q FY2020 Results Announcement Speaker List Dato' Jeffri Salim Davidson Encik Mustamir Mohamad Datuk Thomas Leong Yew Hong Group Chief Executive Officer Group Chief Financial Officer Group Chief Strategy Officer 1
Slide 3: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 4: Financial Results: Reported Profit 9M
FY2020 Financial Results Reported Profit: 9 months ended 31 March 2020 In RM Million 9M FY2020 9M FY2019 YoY % Revenue 28,113 26,833 4.8 PBIT 1,092 1,016 7.5 Finance income 33 24 Finance costs (136) (93) Profit before tax 989 947 4.4 Taxation (305) (139) Profit after tax 684 808 (15.3) Non-controlli
Slide 5: Financial Results: Core Profit 9M
FY2020 Financial Results Core Profit: 9 months ended 31 March 2020 In RM Million 9M FY2020 9M FY2019 YoY % Reported PBIT 1,092 1,016 7.5 Adjustments • Motors Vietnam - (16) • Gain on disposals - (116)1 • Fair value loss on financial assets (MES) 11 48 • Impairment of equity interest in E&O 62 99 • O
Slide 6: Financial Results: Segmental PBIT 9M
FY2020 Financial Results Segmental PBIT: 9 months ended 31 March 2020 9M FY2020 9M FY2019 Reported Core PBIT PBIT In RM Million Reported Core Reported Core YoY % YoY % Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 763 111 774 586 303 616 30.2 25.6 Motors 380 - 380 352 (16)4 336 8.0 13.1 Log
Slide 7: Financial Results: Reported Profit Quarter
FY2020 Financial Results Reported Profit: Quarter ended 31 March 2020 In RM Million Q3 FY2020 Q3 FY2019 QoQ % Revenue 8,428 8,565 (1.6) PBIT 265 332 (20.2) Finance income 10 7 Finance costs (51) (31) Profit before tax 224 308 (27.3) Taxation (96) (75) Profit after tax 128 233 (45.1) Non-controlling
Slide 8: Financial Results: Core Profit Quarter
FY2020 Financial Results Core Profit: Quarter ended 31 March 2020 In RM Million Q3 FY2020 Q3 FY2019 QoQ % Reported PBIT 265 332 (20.2) Adjustments • Fair value loss on financial assets (MES) 2 (2) • Motors Vietnam - (1) • ONGC Recovery - (6) • Impairment of equity interest in E&O 40 33 • Gain on dis
Slide 9: Financial Results: Segmental PBIT Quarter
FY2020 Financial Results Segmental PBIT: Quarter ended 31 March 2020 Q3 FY2020 Q3 FY2019 Reported Core PBIT PBIT In RM Million Reported Core Reported Core YoY % YoY % Adjustments Adjustments PBIT PBIT PBIT PBIT Industrial 216 21 218 210 (2)1 208 2.9 4.8 Motors 103 - 103 112 (1)3 111 (8.0) (7.2) Logi
Slide 10: Snapshot of borrowings position
FY2020 Financial Results Snapshot of borrowings position as at 31 March 2020 Long Term vs Short Term Debt Total Debt 5,753 5,576 1,484 LT Debt: LT Debt: 1,397 1,533 1,622 138 136 378 338 ST Debt: ST Debt: 4,043 4,131 3,753 3,705 RM5.6bn As at 31 March 2020 31 Dec 2019 31 Mar 2020 ST Borrowings ST Le
Slide 11: Segmental Results
Sime Segmental Results
Slide 12: Industrial Division
Industrial Division Profits supported by strong results from Australasia +13.0% +30.2% Australasia 14,000 11,693 • Higher equipment deliveries and parts sales mainly to the mining 12,000 763 10,347 and construction sectors. 10,000 586 • Profit contribution from Hardchrome – RM19m vs RM10m. 8,000 Mar
Slide 13: Industrial Outlook
Industrial Outlook Order book decreased by 14.9% from December 2019 RM2,868m RM2,441m MALAYSIA Order book as at -14.9% Order book as at • Stimulus package announced in Mar 2020 is expected to boost the local construction sector. However, this will be dependent on how 31 December 2019 31 March 2020 f
Slide 14: Motors Division
Motors Division Higher in profits in the Greater China region +0.5% 16,210 +8.0% China, HK, Macau & Taiwan 16,135 16,000 380 14,000 352 • Q3FY2020 results were affected by the coronavirus outbreak 12,000 • Higher profit at BMW China operations mainly from the strong 1st half results 10,000 8,000 Mar
Slide 15: Motors Outlook
Motors Outlook Sales expected to be significantly affected by the coronavirus outbreak 60,333 6,804 7,477 13,437 11,350 Units Sold Units Sold Units Sold (9M FY2019: 65,443) 9M 9M FY2019 10,706 FY2020 12,762 21,120 32,440 30,800 Units Assembled (9M FY2019: 29,699) Australasia China Malaysia SE Asia M
Slide 16: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected in 4QFY2020 BMW X5M & X6M BMW 2 Series Gran Coupe Aus & NZ – May 2020 HK – June 2020 Ford Ranger FX4 BMW X5 Hybrid Malaysia – June 2020 Malaysia – June 2020 15
Slide 17: Logistics and Healthcare
Logistics and Healthcare Logistics recorded lower profit mainly due to share of loss from joint ventures Logistics Healthcare -21.5% Ports -93.9% +7.1% 214 • Measures and restrictions put in place 115 45 168 by China to control the coronavirus 42 outbreak has resulted in reduced container volumes. M
Slide 18: 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 19: Thank you
Sime Thank you
Slide 20: FY2020 Results Announcement
FY2020 Results Announcement Analyst Briefing: Third Quarter Ended 31 March 2020 21 May 2020
Slide 21: Appendices
Sime Appendices
Slide 22: 3Q FY2020 External Revenue by Region
3Q FY2020 Results Announcement ended 31 March 2020 3Q FY2020 External Revenue by Region In RM Million 3Q FY2020 3Q FY2019 YoY % Industrial Malaysia 237 253 (6.3%) SE Asia ex Malaysia 189 214 (11.7%) China/HK 750 1,026 (26.9%) Australia/NZ 2,546 2,022 25.9% 3,722 3,515 5.9% Motors Malaysia 836 883 (5
Slide 23: 3Q FY2020 PBIT by Region
3Q FY2020 Results Announcement ended 31 March 2020 3Q FY2020 PBIT by Region In RM Million 3Q FY2020 3Q FY2019 YoY % Industrial Malaysia 2 9 (77.8%) SE Asia ex Malaysia 17 14 21.4% China/HK 17 55 (69.1%) Australasia 180 132 36.4% 216 210 2.9% Motors Malaysia 23 23 0.0% Singapore/Thailand 28 17 64.7%
Slide 24: Thank you
Sime Thank you