Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — FY2025 Earnings Presentation
34 slides from Sime Darby Bhd's earnings presentation, Aug 27, 2025
Slide 1: Sime Darby Berhad Analyst Briefing FY2025 and Q4 FY2025
Sime Darby Berhad Analyst Briefing for full year and Q4 FY2025 ended 30 June 2025 27 August 2025
Slide 2: Group Financial Results
Group Financial Results
Slide 3: Reported Profit: Financial year ended 30 June 2025
FY 0 5 R Reported Profit: Financial year ended 30 June 2025 In RM Million FY2025 FY2024 YoY % Revenue 70,061 67,132 4.4 PBIT 3,592 2,758 30.2 Finance income 106 142 Finance costs (647) (719) Profit before tax 3,051 2,181 39.9 Taxation (663) (698) Profit from continuing operations 2,388 1,483 61.0 No
Slide 4: Core Profit: Financial year ended 30 June 2025
FY 0 5 R Core Profit: Financial year ended 30 June 2025 In RM Million FY2025 FY2024 YoY % Reported PBIT from continuing operations 3,592 2,758 30.2 Adjustments • Gain on disposal of Malaysian Vision Valley (“MVV”) & others (986) (110) Core PBIT from continuing operations 2,606 2,648 (1.6) Net financ
Slide 5: Segmental PBIT: Financial year ended 30 June 2025
FY 0 5 R Segmental PBIT: Financial year ended 30 June 2025 FY2025 FY2024 Reported Core PBIT In RM Million PBIT Reported Reported YoY % YoY % Adjustments Core PBIT Adjustments Core PBIT PBIT PBIT Continuing operations Industrial 1,326 (18)1 1,308 1,467 (15)1 1,452 (9.6) (9.9) Motors 431 (68)2 363 584
Slide 6: Segmental PBIT: FY2025 vs FY2024 bridge
PBIT fr m n n ng r n Segmental PBIT: Financial year ended 30 June 2025 P r r S f S r ng r FY2025 vs. FY2024 r n n m rg n fr m P r w rf r x r y n T y RM m n r n n m r rn ng (110) 986 3,592 (144) 73 (450) 479 2,758 2,606 2,648 Y T D P B I T FY24 One-off items FY24 Industrial Motors UMW Corporate/ FY25
Slide 7: Reported Profit: Quarter ended 30 June 2025
Q4 FY 0 5 R Reported Profit: Quarter ended 30 June 2025 In RM Million Q4 FY2025 Q4 FY2024 YoY % Revenue 17,758 18,793 (5.5) PBIT 1,155 578 99.8 Finance income 25 37 Finance costs (135) (217) Profit before tax 1,046 398 >100.0 Taxation (216) (253) Profit from continuing operations 830 145 >100.0 Non-
Slide 8: Core Profit: Quarter ended 30 June 2025
Q4 FY 0 5 R Core Profit: Quarter ended 30 June 2025 In RM Million Q4 FY2025 Q4 FY2024 YoY % Reported PBIT from continuing operations 1,155 578 99.8 Adjustments • Gain on disposal of Malaysian Vision Valley (“MVV”) & others (461) 194 Core PBIT from continuing operations 694 772 (10.1) Net finance cos
Slide 9: Segmental PBIT: Quarter ended 30 June 2025
Q4 FY 0 5 R Segmental PBIT: Quarter ended 30 June 2025 Q4 FY2025 Q4 FY2024 Reported Core PBIT In RM Million PBIT Reported Reported YoY % YoY % Adjustments Core PBIT Adjustments Core PBIT PBIT PBIT Continuing operations Industrial 425 - 425 399 (15)2 384 6.5 10.7 Motors 9 (19) 1 (10) 9 2293 238 - <(1
Slide 10: Significant improvement in Operating Cash Flow
S gn fi n n r nO r ng hF w Working capital improvements and cost optimisation deliver significant uplift O r ng h F w* (RM m n) Operating Cash Flow 5,293 S gn fi n n r from RM476m to RM5,293m. Im r v m n n w r ng m n g m n . Cost optimisation S r ng r ng h fl w h n h v 985 hr gh disciplined cost and
Slide 11: Balance Sheet: Snapshot of borrowings as at June 2025
B n Sh P n Snapshot of borrowings as at 30 June 2025 Long Term vs Short Term Debt Total Debt RM m n (8)% 10,389 9,570 12,000 10,833 0 0 10,389 007 10,000 9,570 8,000 5 01 4 891 6,000 470 4,000 441 87 2,000 1 0 March 2025 June 2025 31 December 2024 31 March 2025 30 June 2025 ST Borrowings ST Leases L
Slide 12: Inventory Optimisation
Inv n ry O m n We have been on a disciplined programme to optimise our inventory management to free up cash Industrial Motors Inventory optimisation Inventory optimisation Inventory (RM' mil) Inventory Turnover (Days) Inventory (RM'mil) Inventory Turnover (Days) 1 0 8 1 1 8 0 0 4 788 5 191 June'24 J
Slide 13: Dividend – 14 sen for FY2025
Dv n – 14 n f r FY 0 5 We continuously pay out sustainable dividends of more than 60% Dividend/Reported 8 % 77% Net Profit (%) 71% 7% Dividend/Core Net % Profit (%) 1% 4 % 7% Dividends Paid 88 88 954 78 (RM million) .7% Dividend yield 5. % (%) . % 5. % Dividend per share (sen) 11.5 13 13 13+1 FY2022
Slide 14: Industrial Division
Industrial Division
Slide 15: Industrial Division
In r Dv n Solid performance despite AUD/RM devaluation and short-term after-sales margin impact. Improved working capital management driving higher ROIC. Australasia (7.1)% (9.6)% 20,456 19,003 • Reported PBIT impacted by weaker AUD/MYR exchange rate (7% devaluation). 1,467 1,326 • Continued focus o
Slide 16: Industrial Division – Equipment Order Book
In r Dv n – Eq m n Or rB Strong delivery of mining equipment and power systems for data centres in 4QFY2025. Equipment order book remains strong. RM’ mil 4,761 4,787 AUSTRALASIA 4,517 4,497 • Strong delivery of new equipment across both mining and construction sectors. 567 517 • Mining export volume
Slide 17: Industrial Product Mix
In r Pr Mx Strategic plan to increase after-market and rental market shares has delivered a rebalancing of our product mix to higher-margin annuity revenue streams FY21 Revenue FY25 Revenue RM16 billion RM19 billion 4% 10% 44% 52% 52% 38% After Sales Equipment Sales Rental After Sales Equipment Sale
Slide 18: Mining and Infrastructure Outlook in Australasia
M n ng n A r O Mining volumes for key commodities are expected to remain robust in the medium term, with major mining companies investing heavily to meet growing global demand Investments to capture critical mineral demand Iron Ore exports to reach over 900 Mt in 2025 • BHP is expanding copper • Rio
Slide 19: Motors Division
Motors Division
Slide 20: Motors Division
M r Dv n Lower profitability in Malaysia and Australasia; improved contribution from Singapore Malaysia (7.3)% (26.2)% 37,188 34,480 584 • Lower sales, margins and units assembled adversely impacted 431 profitability. • Absence of dividend income (FY2024: RM142m). Jun-24 Jun-25 China, Hong Kong, Mac
Slide 21: Motors Division – Units sold by region
M r Dv n Strong vehicle sales in Singapore, lower sales in other markets 131,537 30,114 Units sold by Units Sold Units Assembled region (FY2024: 136,157) (FY2024: 52,482) MALAYSIA FY2025 27,006 • Vehicle sales is expected to contract after reaching a record high in 2024. For 1H2025, the total indust
Slide 22: China Government Anti-involution Campaign
hn n r G v rnm n h n r g rr n r m n May lead to reduction in capacity, lesser discounting and improved margins … g regulate “disorderly” price competition. I r f r ff r r hn ’ n r m m r y - hr r w r n v r y h h v h r r fi y n r r ng ng fr m solar, new energy vehicles to steel. Description of policy:
Slide 23: Sime Motors Sales in China
M n n hn - n Vehicle sales is holding up despite intense competition from China OEMs (Un ) Sime Motors Sales in China New Vehicle 7 419 40 08 8 50 09 FY 22 FY 23 FY 24 FY 25 Used Vehicle 1 74 1 08 1 091 10 49 FY 22 FY 23 FY 24 FY 25 Copyright © 2024 Sime Darby Berhad 23
Slide 24: BMW resilient in China market
BMW r m n r n nM n n hn n x fl r h w h N K n 0 1 BMW resilient within Top 3 in BMW continues investment in 3 BMW’s response in China with 2 premium/luxury sector China concrete strategies [MSRP > RMB 50 ] RM206k a Product Strategy BMW Sh r N K w h h 0 BMW Sh r 1H FY 5 Price Repositioning 17.4% b h n
Slide 25: China Motors – Our Action Plan
hn M r –O rA nP n Strategic network consolidation & cost optimisation for business recovery 1 Cost Optimisation 2 Support From Principals 3 Outlet Consolidation • We are optimising our • Principals are providing • We have closed 15 non-BMW outlets overheads and headcount. support & rebates. across 8
Slide 26: Exciting new and upcoming models
Motors Division Exciting new and upcoming models Th A -N w F r R ng r W Tr M y BMW X M50 hn Th N w BYD S M y XP ng G (f f ) H ng K ng BMW N w L I 4 BMW N w L I X H ng K ng 26 26 Copyright © 2024 Sime Darby Berhad H ng K ng
Slide 27: UMW Division
UMW Division
Slide 28: UMW Division
UMW D v n Continued strong performance from the automotive business Automotive +75% +100% 959 • Pr fi w r rv n y h r rf rm n f h UMW 16,502 T y n P r m m r ng TIV . 480 • S r ng m m n m fr m UMW T y n ng 9,410 Jun-24 Jun-25 v h 100 m r m m n y r ry n h A- gm n fr m P r . • Pr fi w r f r h r n r nn y
Slide 29: Automotive sales remains resilient
UMW D v n Automotive sales remains resilient Total Industry Volume 4 .8% 44.5% 41. % 799,731 816,747 9.1% 720,658 7.4% 14. % 14.0% 358,102 1 .5% 1 .5% 330,325 11.9% 508,911 282,019 373,636 101,035 108,107 190,291 102,317 166,188 72,394 44,286 2021 2022 2023 2024 1H2025 2021 2022 2023 2024 1H2025 202
Slide 30: Perodua Has A Strong Earnings Pipeline
P r H A S r ng F n n In M y Perodua will drive strong earnings pipeline, underpinned by dominance in the largest segment (<RM70K) and RON95 tailwinds 2023 TIV: 2024 TIV: Malaysia TIV By Segment (Thousand Units) P r ’ m r h r h n gr w ng; A h m m 787K 817K 1 2022 TIV: Perodua Sales TIV h r n. 705K Pe
Slide 31: Toyota remains resilient in China
T y r m n r n g n hn r n Holding up strongly due to its reliability, manufacturing capabilities and hybrid offerings Key Takeaway: In A n T y h ng m r h r w g n h hn m r 1 Th w r ’ largest automotive company T y n n y m n r resilience y ng v r 10 million vehicles annually. 2 T y ’ multi-pathway r gy
Slide 32: Valuation
Valuation
Slide 33: Core earnings and valuation
r rn ng r m n r n h r r n h r y A B Core PATAMI (RM'mil) Share Price (RM) . r PATAMI y Dv nf r 655 27 469 FY 0 5 (RM’m ) .18 .1 .05 Industrial Motors UMW PE m (x) 7 1. * 1,316 1,248 1,195 1,154 1,167 5 19 17 10 10 FY2021 FY2022 FY2023 FY2024 FY2025 * On 26 August 2025 O r h r r n rv : 1 F nM r rn ng
Slide 34: Thank You
Thank You