Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q4 2024 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Feb 28, 2025
Slide 1: 4th Quarter Ended 31 December 2024 Results
4th Quarter Ended 31 December 2024 Results 28th February 2025
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 4Q24 revenue at RM1.4b was 7% above FY FY (RM’ Million) 4Q24 4Q23 Change Change last year due to higher contribution from Plantation, 2024 2023 Property and Building Materials Divisions. The Revenue 1,399.4 1,309.1 7% 5,630.7 6,086.1 (7%) Group’s 4
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) FY FY FY FY 4Q24 4Q23 Change 4Q24 4Q23 Change Change Change 2024 2023 2024 2023 Plantation 233.4 174.6 34% 111.9 27.2 311% 752.4 667.8 13% 270.9 123.4 120% 1 Property 229.7 145.5 58% 111.5 (48.0) 332% 1,010.5 494.1
Slide 6: Group segment results – 4th Quarter
Group segment results – 4th Quarter Plantation Building Materials 16% Building Materials, 14% 19% Plantation 32% Trading, 10% Property Revenue 16% Operating Automotive 4Q24 3% Profit Credit 4Q24 Trading 3% 36% Credit Automotive 10% Property 10% 31% Building Plantation Plantation Materials 12% 16% 18
Slide 7: Group segment results – Full Year
Group segment results – Full Year Plantation Building Materials 13% Building Materials, 14% Plantation 17% 20% Property Trading, 8% 17% Revenue Automotive Operating FY 2024 3% Profit Credit FY 2024 Trading 3% Credit 41% 11% Automotive Property 9% 44% Building Plantation Materials 10% Plantation 15%
Slide 8: Section 2: Operations Review
SECTION 2 Operations Review
Slide 9: Plantations
Plantations Better results amid higher average selling prices ❑ 4Q24 and FY2024 revenue were higher than the corresponding period last year by 4Q Revenue FY Revenue 34% and 13% respectively mainly due to higher average selling prices of CPO and PK, and higher sales volume of CPO. RM’ Mil 233.4 RM’ M
Slide 10: Property Investment and Development
Property Investment and Development Results benefitted from sales of land ❑ The Division’s 4Q24 and FY2024 revenue and operating profit 4Q Revenue FY Revenue were both higher than the corresponding period last year mainly RM’ Mil RM’ Mil due to sales of land. 300 229.7 1,010.5 1,200 ❑ The property d
Slide 11: Credit Financing
Credit Financing Lower loan base with cautious lending ❑ The Division continues to consolidate its operations with prudent 4Q Revenue FY Revenue measures to manage risks and uncertainties surrounding its sectors of financing, adopting a conservative approach to new loan RM’ Mil RM’ Mil 230.8 51.3 25
Slide 12: Automotive
Automotive Weaker FY results from both PV and CV segment ❑ The Division registered lower 4Q24 and FY2024 revenue than the 4Q Revenue FY Revenue corresponding period last year by 26% and 59% respectively with RM’ Mil RM’ Mil lower contribution from both its passenger vehicles (“PV”) and 250 207.6 1,8
Slide 13: Trading
Trading Better Fertilizer Trading results for the quarter ❑ The Division comprises the fertilizers trading (“FT”) and general trading 4Q Revenue FY Revenue (“GT”) businesses. In the current year, the Division reorganized its 2,795.2 RM’ Mil RM’ Mil ceramic tiles business under Malaysian Mosaics Sdn
Slide 14: Building Materials
Building Materials Higher revenue contribution from Hafary ❑ The Division comprises the quarry and bricks businesses (“QBM”), 4Q Revenue FY Revenue and trading of building materials by Hafary. RM’ Mil RM’ Mil 282.8 1,200 1,034.2 350 952.0 ❑ The Division’s 4Q24 and FY2024 revenue at RM282.8 million a
Slide 15: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q4 2024 Earnings Presentation on 6ix