Slide 1: 2nd Quarter Ended 30 June 2023 Results
2nd Quarter Ended 30 June 2023 Results 25th August 2023
Slide 2: Scope
Scope 1 Group Financials 2 Operations Review 2
Slide 3: Group Financials
SECTION 1 Group Financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group’s 2Q23 and YTD2023 revenue at RM1.65b and YTD YTD RM3.24b were both below last year by 3% mainly due to (RM’ Million) 2Q23 2Q22 Change Change 2023 2022 lower contribution from Plantation, Property and Trading Revenue 1,648.4 1,700.9 (3%) 3,239.7 3,34
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) YTD YTD YTD YTD 2Q23 2Q22 Change 2Q23 2Q22 Change Change Change 2023 2022 2023 2022 Plantation 168.8 246.9 (32%) 14.0 94.8 (85%) 328.7 489.0 (33%) 46.3 220.4 (79%) 1 Property 121.6 121.9 - 28.1 26.9 5% 219.8 252.9
Slide 6: Group segment results – 2nd Quarter
Group segment results – 2nd Quarter Plantation Plantation Building Materials 10% 6% Property Building Materials 13% Property 7% 22% 13% Credit Revenue 3% Operating 2Q23 Profit Trading 2Q23 Credit Trading 33% 19% 44% Automotive Automotive 23% 7% Building Building Materials, 11% Materials Plantation 9
Slide 7: Group segment results – Year To Date
Group segment results – Year To Date Plantation Plantation Building Materials 9% Building Materials 11% 13% Property 20% 6% Property Credit 12% 4% Revenue Operating YTD 2023 Profit Trading Trading 27% YTD 2023 Credit 20% 43% Automotive Automotive 25% 10% Building Building Materials, 8% Materials Pla
Slide 8: Operations Review
SECTION 2 Operations Review
Slide 9: Plantations
Plantations 2Q23 results dampened by lower average selling prices and higher production costs ❑ 2Q23 and YTD2023 revenue were lower than last year by 32% and 33% respectively, 2Q Revenue YTD Revenue dampened by lower average selling prices of all palm products but mitigated by higher sales volume of
Slide 10: Property Investment and Development
Property Investment and Development Better 2Q23 margin from projects and improved results from investment properties 2Q Revenue YTD Revenue ❑ The Division’s 2Q23 revenue and operating profit were in line with last year. However, YTD2023 results were lower RM’ Mil RM’ Mil 121.6 121.9 252.9 than last
Slide 11: Credit Financing
Credit Financing Lower loan base with cautious lending, and higher provision for impairment ❑ The Division continues to exercise prudent lending in view of 2Q Revenue YTD Revenue the elevated interest rate and economic uncertainties RM’ Mil RM’ Mil surrounding its sectors of financing. 122.5 80 60.6
Slide 12: Automotive
Automotive Improved Operating Profits from both PV and CV segments ❑ The Division registered marginally lower 2Q23 revenue with lower 2Q Revenue YTD Revenue contribution from both passenger vehicles (“PV”) and commercial vehicles RM’ Mil (“CV”) segments. However, the YTD2023 revenue was higher than
Slide 13: Trading
Trading Fertilizer Trading results dampened by lower selling prices and margins ❑ The Division comprises the fertilizers trading (“FT”) and general 2Q Revenue YTD Revenue trading (“GT”) businesses. In the current year, the Division RM’ Mil RM’ Mil reorganized its ceramic tiles business under Malaysi
Slide 14: Building Materials
Building Materials Improved results with stronger results from Hafary ❑ The Division comprises the quarry, asphalts and bricks 2Q Revenue YTD Revenue businesses (“QBM”); and trading of building materials by RM’ Mil 230.5 RM’ Mil 433.1 Hafary which now also includes the retail-distribution of 280 500
Slide 15: Thank You
@ HAP SENG Soin