QAF Ltd. · SGX:Q01
QAF — Shareholder Meeting (2024)
10 slides from QAF's shareholder meeting presentation, May 27, 2024
Slide 1: Group Financials & Business Highlights FY2023
Group Financials & Business Highlights FY2023 “$” means Singapore dollars unless otherwise indicated. Any discrepancies between individual amounts and totals are due to rounding. 1
Slide 2: FY2023 Financial Highlights
FY2023 Financial Highlights 2
Slide 3: FY2023 Business Overview
FY2023 Business Overview 1 Includes segment EBITDA of Bakery, Distribution and Warehousing, and Investments and Others. 2 Reflects 100% of Gardenia Bakeries (KL) Sdn Bhd of which QAF’s share of 50% has been reflected in the Group’s EBITDA and PAT. 3
Slide 4: FY2023 Business Overview
FY2023 Business Overview 3 Excludes head office expenses and joint venture (GBKL) contribution. 4 Excludes head office expenses. 4
Slide 5: EBITDA before Exceptional Items Waterfall ($m) – FY2023
EBITDA before Exceptional Items Waterfall ($m) – FY2023 Bakery (5.2) 2.3 5% Group Forex gains/(losses) 5
Slide 6: PBT after Exceptional Items Waterfall ($m) – FY2023
PBT after Exceptional Items Waterfall ($m) – FY2023 Bakery (7.5) 3.8 10% Group Forex gains/(losses) 6
Slide 7: Earnings & Dividends
QAF Limited © Earnings & Dividends
Slide 8: FY2023 Earnings and Dividends
FY2023 Earnings and Dividends FY2023 FY2022 Earnings per share from continuing operations 4.8₵ 4.5₵ Ordinary dividend per share 5.0₵ 5.0₵ Special dividend per share - 2.0₵ Net gearing ratio (no. of times)1 (0.34) (0.35) Net asset value per share 84.6₵ 86.5₵ Share price2 81.5₵ 83.0₵ Market capitaliza
Slide 9: Earnings & Dividends per Share (cents)
Earnings & Dividends per Share (cents) • QAF has paid at least 5 cents of total dividends since 2011. • QAF total dividend yield is 6% based on closing share price of 81.5 cents at the end of 2023. Increase in costs resulting from Covid-related disruption to supply chains. 1. Panic buying due to War
Slide 10: IMPORTANT NOTICE
IMPORTANT NOTICE: The information released in this presentation should be read in conjunction with the Company’s FY2023 Annual Report including the Appendix thereto. Such information has been prepared without regard to the objectives, financial situation and/or needs of any specific persons. For the