Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q3 2023 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Nov 22, 2023
Slide 1: 3rd Quarter Ended 30 September 2023 Results
3rd Quarter Ended 30 September 2023 Results 22nd November 2023
Slide 2: Scope
Scope 1 Group Financials 2 Operations Review 2
Slide 3: Section 1: Group Financials
SECTION 1 Group Financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group’s 3Q23 and YTD2023 revenue at YTD YTD (RM’ Million) 3Q23 3Q22 Change Change RM1.54b and RM4.78b were both below last year by 2023 2022 22% and 10% respectively mainly due to lower Revenue 1,537.4 1,973.2 (22%) 4,777.1 5,319.5 (10%) contribution from
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) YTD YTD YTD YTD 3Q23 3Q22 Change 3Q23 3Q22 Change Change Change 2023 2022 2023 2022 Plantation 164.6 182.0 (10%) 50.0 18.0 178% 493.3 671.0 (26%) 96.2 238.4 (60%) 1 Property 128.8 146.9 (12%) (51.4) 33.7 (253%) 348
Slide 6: Group segment results – 3rd Quarter
Group segment results – 3rd Quarter Plantation Building Materials 10% Building Materials, 26% 16% Property Plantation 8% 22% Credit Revenue 3% Operating 3Q23 Profit 3Q23 Credit Trading 14% 44% Automotive Trading, 31% Automotive 19% 7% Building Plantation Materials Building Materials, 18% Plantation
Slide 7: Group segment results – Year To Date
Group segment results – Year To Date Plantation Building Materials 10% Plantation 13% Property Building Materials 16% 7% 24% Credit Revenue 4% Operating Credit YTD 2023 Profit 19% Trading YTD 2023 Trading 43% 31% Automotive Automotive 10% 23% Building Building Materials, 11% Plantation Materials 12%
Slide 8: Section 2: Operations Review
SECTION 2 Operations Review
Slide 9: Plantations
Plantations YTD results dampened by lower average selling prices and higher production costs ❑ 3Q23 and YTD2023 revenue were lower than last year by 10% and 26% respectively, 3Q Revenue YTD Revenue dampened mainly by a 25% and 33% decrease in average CPO selling prices respectively but mitigated by
Slide 10: Property Investment and Development
Property Investment and Development Healthy occupancy rates from investment properties and hospitality segments 3Q Revenue YTD Revenue ❑ The Division’s revenue for the 3Q23 and YTD2023 were lower than last year with lower sales from the property RM’ Mil 146.9 RM’ Mil 160 128.8 development segment, m
Slide 11: Credit Financing
Credit Financing Cautious lending and higher provision for loan impairment ❑ The Division continues to exercise prudent lending in view of 3Q Revenue YTD Revenue the elevated interest rate and economic uncertainties RM’ Mil RM’ Mil 179.6 178.9 surrounding its sectors of financing. 80 57.1 200 57.3 ❑
Slide 12: Automotive
Automotive Improved margins from both PV and CV segments ❑ The Division registered lower 3Q23 and YTD2023 revenue by 33% 3Q Revenue YTD Revenue and 5% respectively with lower contribution from both passenger RM’ Mil RM’ Mil vehicles (“PV”) and commercial vehicles (“CV”) segments. 1,182.2 1,248.4 600
Slide 13: Trading
Trading Fertilizer Trading results dampened by lower selling prices ❑ The Division comprises the fertilizers trading (“FT”) and general 3Q Revenue YTD Revenue trading (“GT”) businesses. In the current year, the Division RM’ Mil 1,033.0 RM’ Mil 2,624.5 reorganized its ceramic tiles business under Mal
Slide 14: Building Materials
Building Materials Stronger results from Hafary ❑ The Division comprises the quarry, asphalts and bricks 3Q Revenue YTD Revenue businesses (“QBM”); and trading of building materials by Hafary which now also includes the retail-distribution of ceramic tiles RM’ Mil 256.6 RM’ Mil 689.8 300 800 operati
Slide 15: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q3 2023 Earnings Presentation on 6ix