Carlsberg Brewery Malaysia Bhd. · MYX:CARLSBG
Carlsberg Brewery Malaysia Bhd — FY2024 Earnings Presentation
36 slides from Carlsberg Brewery Malaysia Bhd's earnings presentation, Feb 12, 2025
Slide 1: Financial Results Q4/FY24 Analyst & Press Briefing
FINANCIAL RESULTS Q4/FY24 Analyst & Press Briefing Probably The Best Lounge, 12th February 2025
Slide 2: FY24: Revenue +5.1%; Net Profit +3.0%
FY24: Revenue +5.1%; Net Profit +3.0% Q4FY24 vs Q4FY23 FY24 vs. FY23 FY24: Higher earnings benefitted by: • Higher sales in Malaysia, mainly from longer selling period Q4FY24 FY24 for 2024’s Chinese New Year (CNY) and an early selling period of CNY 2025 in Q4 2024. +1.2% +5.1% • Impact of price incr
Slide 3: High earnings in Malaysia offsets decline in Singapore
High earnings in Malaysia offsets declined in FY24 vs. FY23 Singapore Revenue +8.8% Revenue -4.1% Higher share of Profit +51.9% RM 1,752.2mil RM 624.2mil RM 35.6mil Profit from Operation +12.4% Profit from Operation -24.7% “Better business performance & favourable RM 350.3mil RM 65.6mil Sri Lanka Ru
Slide 4: Earnings per share and dividend per share
Proposed Final Dividend Q4FY24 vs Q4FY23 35 sen FY24 vs. FY23 Q4FY24 Q4FY23 FY24 FY23 EARNINGS PER SHARE 25.77 sen 25.52 sen 110.25 sen 107.03 sen DIVIDEND PER SHARE 35 sen* 31 sen 100 sen 93 sen PAYOUT RATIO 136% 121% 91% 87% * Equivalent to a total payout of RM 107 million 4
Slide 5: FY24: Strategy Review
Q4FY24 vs Q4FY23 FY24 vs. FY23 FY24: Strategy Review 5
Slide 6: Premium sales: Malaysia growth offset by Singapore decline
Malaysia Registered Growth in Premium, FY24 vs. FY23 Offset by Singapore’s Decline Due to Transition from Asahi to Sapporo -7% in PREMIUM sales • Malaysia registered mid-single digit growth in premium sales, while Singapore saw lower premium sales. • Step up in Premium with the launch of Sapporo in
Slide 7: Make Celebration Extraordinary
JAN APR & JUN Celebrating CNY with Discover ‘New Side of Blue’ with New French the Limited Edition 1664 Poker Set Premium Lager 1664 BRUT MAKE CELEBRATION EXTRAORDINARY DEC DEC Win A Trip to Paris with 1664 1664 Paints Pavilion KL BLUE
Slide 8: Taste the Good Times
MAR JULY ShamROCK Your St Patrick’s Day Good Times Partying: with Connor’s A Midnight Tour Across 3 Cities – KL, Penang, Johor TASTE THE GOOD TIMES AUG NOV NOV Creating new Guinness Gift of Good Times Celebrating the World Shake Records Win a Trip to London with Connor’s Multi-Award-Winning Stout
Slide 9: Taste the Iconic First Beer of Japan
Begin the Year Japanese Sapporo with Our Premium Beer Locally-brewed JAN MAR New addition to our premium portfolio Started on-trade distribution in Singapore WIP TASTE THE ICONIC FIRST BEER OF JAPAN FFFFF MAR JULY AUG Introduce bottles nationwide Made a presence in Japanese events Launched of Sappor
Slide 10: That's Refreshingly Wonderful
MAY Refreshing Summer Staycation Campaign with Somersby THAT’S REFRESHINGLY WONDERFUL JULY DEC Unveiling the first in Asia – Christmas Festive Party Pack Limited-Edition Somersby Pineapple & Lime with Somersby Apple
Slide 11: FY24: Strategy Review
Q4FY24 vs Q4FY23 FY24 vs. FY23 FY24: Strategy Review 11
Slide 12: Mainstream sales +7%
Favourable Chinese New Year timings FY24 vs. FY23 +7% in MAINSTREAM sales • Higher sales driven by a longer selling period for 2024’s Chinese New Year (CNY) and an early selling period of CNY 2025 in Q4 2024. • Ongoing investment in consumer-centric campaigns to drive sustainable mainstream growth •
Slide 13: Making Moments #BestWithCarlsberg
JAN MAR MAR Brewing Prosperity Together The Greatest Sneaker Show Raikan Kebanggaan on Earth Sabah & Sarawak MAKING MOMENTS #BESTWITHCARLSBERG JUN - JULY OCT - NOV #BESTWITHCARLSBERG Experiences Football Staycation Meet & Greet with Football Legends “World of Smooth” Real Smooth with Loka Made Carls
Slide 14: Subtle Hint of Cognac
SUBTLE HINT OF COGNAC 就是硬核 ! Re-launch Carlsberg Special Brew in Nov’24 Wusu Launch In Nov’24
Slide 15: FY24: Strategy Review
Q4FY24 vs Q4FY23 FY24 vs. FY23 FY24: Strategy Review 15
Slide 16: Alcohol-free brew sales +17%
WEL-KAM Back Somersby Mandarin FY24 vs. FY23 Orange 0.0 in conjunction with 2025 CNY +17% in ALCOHOL-FREE BREW sales • CNY limited edition Somersby Mandarin Orange 0.0 drove higher sales in Q1 and Q4 of FY24, strengthening the full-year volume in Malaysia. • Increased availability and visibility of
Slide 17: #Refreshingly Optimistic
JAN JUNE WEL-KAM Prosperity with Somersby Apple 0.0 x Playmate Collab Somersby Mandarin Orange 0.0 ‘Vibrant & Refresh’ #REFRESHINGLY OPTIMISTIC SEP DEC DEC Somersby Apple 0.0 Join the WEL-KAM Somersby Mandarin Gliding in 2025 CNY with Refreshing party at Ping Min Hub Orange 0.0 in SG Somersby Mandar
Slide 18: Brand Awards & Recognition in 2024
Brand Awards & Recognition in 2024 15th Edition Putra Brand Awards Carlsberg brand won Platinum for 4th consecutive year Somersby Cider won Silver 3rd Edition Putra Aria Brand Awards 1664 and Connors brand both won Gold 13th Edition Marketing Events Awards Connors brand won Gold in Best Use of Socia
Slide 19: FY24: Strategy Review
Q4FY24 vs Q4FY23 FY24 vs. FY23 FY24: Strategy Review 19
Slide 20: Completed Our RM200 Million Brewery Transformation
Completed Our RM200 Million Brewery Transformation Capex investment over 3 years (2022- 2024) Unveiled state-of-the-art bottling & canning lines alongside with high-precision filtration system This investment enhances 01 Production Capacity 02 Improve Efficiency 03 Reduce Energy & Water Consumption
Slide 21: FY24: Strategy Review
Q4FY24 vs Q4FY23 FY24 vs. FY23 FY24: Strategy Review 22
Slide 22: FY24: Improved Gender Diversity in Both Countries
FY24: Improved Gender Diversity in Both Countries Female Ratio 33% Female Ratio 38% 1% 19% 66% 14% (+1%pts vs FY23) (+3.5% pts vs FY23) 7% At Carlsberg Malaysia Group, FEMALE makes up: 19% 67% 29% Breakdown by Ethnicity of Management Team of Board of Directors (Unchanged vs FY23) 74% Baby Boomers Ge
Slide 23: HR Excellence Award & Recognition
HR Excellence Award & Recognition . “Foster positive, inclusive work environment while promoting sustainability & responsibility.” 5th consecutive year • HR Asia Best Companies to Work for in Asia 3rd consecutive year • HR Asia Diversity, Equity & Inclusion • HR Asia Sustainable Workplace “Empower g
Slide 24: FY24: Strategy Review
Q4FY24 vs Q4FY23 FY24 vs. FY23 FY24: Strategy Review 25
Slide 25: FY24: On track to reach ESG targets
FY24: On track to reach ESG targets 2.8 95% 2.9hl/hl 0 62 Carbon emission Bottles and cans Water usage Drink driving Days of ZERO kgCO2e/hl collected and recycled per hl of beer Incidents Lost-Time Accidents (2.8 kgCO2e/hl in FY23) (94% in FY23) (3.2 hl/hl in FY23) (0 in FY23) (242 days in FY23) 26
Slide 26: Zero waste to landfill, zero use of coal
ZERO waste to landfill ZERO use of coal since November 2022 as we use natural gas and biogas from our Wastewater Treatment Plant 27
Slide 27: Zero Packaging Waste
ZERO Packaging Waste with the expansion of returnable and refillable 1664 bottles 28
Slide 28: Zero Water Waste
ZERO Water Waste as we focus on water usage optimisation with new Canning Line and Membrane Filtration
Slide 29: Consumer Reach and responsible drinking
Consumer Reach #CR Distributor Roll-out & Alcohol-Free Brew Sampling Sponsorship 93% of distributors +38% in consumer reach; Promote responsible pledged support Somersby Apple 0.0 drinking available for sampling 30
Slide 30: Zero Accidents Culture
ZERO Accidents Culture Malaysia: 62 days of ZERO Lost-Time Accidents Singapore: 1,533 days of ZERO Lost-Time Accidents 31
Slide 31: Maintained Our ESG Commitment
Maintained Our ESG Commitment MSCI ESG Ratings FTSE4Good ESG Score • Driven by improved corporate governance score +0.1pts at 6.8 (6.7 FY23) • Improvement in overall percentile rank to 52 from 66 for Food and Beverage Sector. • MSCI ESG Ratings maintained at AA • Categorised as ‘Leader’ among 83 glo
Slide 32: Highest Return-On-Equity at The Edge Billion Ringgit Club 2024
Highest Return-On-Equity’ at The Edge Billion Ringgit Club 2024 for 5th consecutive year 5-Year Return on Shareholders' Fund (%) 189.2 181.1 177.8 THE EDGE BILLION RINGGIT 107.9 CLUB AWARD 105.1 HIGHEST RETURN ON EQUITY OVER 3 YEARS 2019 2020 2021 2022 2023 within the consumers Products & Services c
Slide 33: Raise a Ladder with Impactful Chinese New Year Execution
RAISE A LADDER WITH IMPACTFUL CHINESE NEW YEAR EXECUTION Artist-edition Chinese New Year (CNY) bottles and cans collaboration across 5 countries – Malaysia, Singapore, China, Hong Kong & Vietnam Over 16,000 consumers attended the CNY CarlsBazaar over 3 days event in 1 Utama Shopping Centre and Gurne
Slide 34: 2025 Outlook
2025 Outlook ➢ The Group will navigate the challenging macroeconomic environment marked by: o Continued inflationary pressures; o High interest rates; and o Cautious consumer sentiment. ➢ The Group is also mindful of the shorter Chinese New Year selling window and the continued intense competition o
Slide 35: Q&A Session
Q&A SESSION 37
Slide 36: Thank You
Gates Malaysia
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