Mewah International Inc. · SGX:MV4
Mewah International — Q3 2016 Earnings Presentation
16 slides from Mewah International's earnings presentation, Nov 11, 2016
Slide 1: Q3 2016 & 9M 2016 Financial Results Summary
11th Nov, 2016 Q3 2016 & 9M 2016 Financial Results Summary Mewah International Inc.
Slide 2: Notice
Notice This presentation should be read in conjunction with Mewah International Inc.’s Unaudited Financial Statements for the Third Quarter and Nine Months Ended 30 Sep 2016 lodged on the SGXNET on 11th November, 2016. 2
Slide 3: Performance Summary
Performance Summary In US$ million Q3 9M 2016 2015 % 2016 2015 % Sales volume (MT'000) 1,075.5 1,139.5 -5.6% 3,292.9 3,036.5 8.4% Revenue 757.0 749.9 0.9% 2,302.8 2,134.4 7.9% Net profit * 10.5 1.3 689.9% 15.4 4.7 228.9% * Profit after tax attributable to equity holders of the Company 3
Slide 4: CPO Prices - Ringgit Malaysia (RM)
Income Statement | CPO prices vs. OM per MT 900 Year 2015 9M 2016 3,000 CPO price (RM) CPO Prices (US$) 800 OM % OM per MT (US$) 2,500 700 CPO Prices - Ringgit Malaysia (RM) 600 2,000 500 5.2% 4.6% 1,500 CPO Prices - US$ 400 3.5% 3.4% 3.5% 3.6% 2.9% 300 1,000 200 36.6 26.0 29.0 26.8 500 24.5 23.1 10
Slide 5: Income Statement | Q3 and 9M 2016
Income Statement | Q3 and 9M 2016 In US$ million, unless stated otherwise Q3 2016 Q3 2015 % change Q2 2016 % change 9M 2016 9M 2015 % change Sales volume (MT'000) 1,075.5 1,139.5 -5.6% 1,123.2 -4.2% 3,292.9 3,036.5 8.4% ASP (US$) 703.9 658.1 7.0% 742.8 -5.2% 699.3 702.9 -0.5% Revenue 757.0 749.9 0.9
Slide 6: Sales Volume & Revenue
Sales Volume & Revenue Sales Volume In Thousand MT 1,139.5 1,094.1 1,123.2 1,075.5 Consumer Packs 965.4 931.6 275.6 234.9 Bulk 846.5 232.9 206.0 206.2 252.7 276.8 863.9 861.2 888.3 869.5 725.4 712.7 569.7 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Revenue In US$ million Consumer Pack Bu
Slide 7: Revenue | Geographical spread | Total Sales
Revenue | Geographical spread | Total Sales Q3 2016 9M 2016 Rest of Asia, Middle East, 20% 34% Middle East, Malaysia/ Americas, 8% Malaysia/ Rest of Asia, 26% Europe , 13% Singapore, Other, 35% Singapore, Other, 41% 18% 65% Europe , 14% 59% Africa, 27% Pacific Africa, 21% Americas, 9% Oceania, 5% Pa
Slide 8: Revenue | Geographical spread | Bulk Sales
Revenue | Geographical spread | Bulk Sales Q3 2016 9M 2016 Americas 9% Middle East, Middle East Malaysia/ 51% Malaysia/ Others 42% Europe Singapore, Other, 28% Singapore 18% 13% 72% Americas, 10% 82% Pacific Oceania Europe, 13% Rest of Asia 31% 5% Rest of Asia, 22% Pacific Oceania, 4% Q3 2016 9M 201
Slide 9: Revenue | Geographical spread | Consumer Pack Sales
Revenue | Geographical spread | Consumer Pack Sales Q3 2016 9M 2016 Africa Africa Malaysia/ 44% Middle East Malaysia/ 45% Singapore Others Singapore Middle East 15% Others 7% 93% 8% Pacific Oceania 16% 92% Pacific Oceania 6% Rest of Asia 6% Rest of Asia 14% Americas Americas 12% 7% Europe 7% Europe
Slide 10: Segmental Performance | Q3 and 9M 2016
Segmental Performance | Q3 and 9M 2016 YOY QOQ YOY Q3 2016 Q3 2015 Change Q2 2016 Change 9M 2016 9M 2015 Change Bulk segment Sales volume (MT’000) 869.5 863.9 0.6% 888.3 -2.1% 2,619.0 2,302.0 13.8% Average selling prices (US$) 685.5 622.8 10.1% 725.8 -5.6% 681.2 668.2 1.9% Revenue (US$’million) 596.
Slide 11: Balance Sheet | Summary
Balance Sheet | Summary In US$ million 31 Dec 2015 30 Sep 2016 807.7 807.7 Current 33.7% net debt 664.1 664.1 Working Capital 272.5 Current net debt 19.8% 476.6 Working 131.6 Capital Non-current net debt 6.3% Non-current net debt 5.2% 50.5 317.6 34.5 Equity Equity Long-term 484.7 60.0% Long-term 498
Slide 12: Balance Sheet | Summary
Balance Sheet | Summary In US$ million 664.1 664.1 Current net debt 131.6 41.4% Working capital 47.8% 317.6 186.0 Equity 58.6% 34.5 Non-current debt 10.0% Long-term investments 52.2% 346.5 312.0 Equity 90.0% Investment Capital Actual Actual Debt / Equity Ratio 9M 2016 FY 2015 Objective Long-term inv
Slide 13: Balance Sheet | Liquidity
Balance Sheet | Liquidity Gross debt to equity Non-current debt repayment schedule Year 2 15.2 Year 3 13.6 0.76 0.62 Year 4 5.0 0.48 0.45 Year 5 0.7 2013 2014 2015 9M 2016 Total 34.5 In US$ million Net debt to equity Trade finance facilities utilisation Utilised % Facility 597.0 Utilised 163.7 27.4%
Slide 14: Cycle time
Cycle time Inventory days Trade receivable days 34 31 33 49 26 31 34 28 2013 2014 2015 9M 2016 2013 2014 2015 9M 2016 Trade payable days Cycle time 2013 2014 2015 9M 2016 (14) (15) (17) (17) 68 47 48 39 2013 2014 2015 9M 2016 Cycle time is calculated as Inventory days + Trade receivable days – Trade
Slide 15: Cash Flows Statement | Summary
Cash Flows Statement | Summary In US$ million Q3 2016 Q3 2015 9M 2016 9M 2015 Operating cash flows before working capital changes 23.7 11.1 43.7 30.3 Changes in operating assets and liabilities 53.3 10.0 161.5 84.1 Net interest and income tax payment (3.6) (1.4) (13.2) (6.6) Net cash flows from oper
Slide 16: Thank you
Thank you Any questions, contact: Rajesh Chopra, Group Chief Financial Officer Ph: (65) 6829 5255| mail: rajesh@mewahgroup.com 16