Hiap Teck Venture Bhd. · MYX:HIAPTEK

Hiap Teck Venture Bhd — Q3 FY2023 Earnings Presentation

12 slides from Hiap Teck Venture Bhd's earnings presentation, Jul 3, 2023

  1. Slide 1: Analysts' Briefing Q3 FY2023 Performance Review

    ANALYSTS’ BRIEFING Q3 FY2023 PERFORMANCE REVIEW 03 July 2023

  2. Slide 2: Corporate Structure

    CORPORATE STRUCTURE (30 April 2023) Key Operating Units 2

  3. Slide 3: The Macro Environment

    The Macro Environment MALAYSIA REAL GDP GROWTH 20.00 15.00 The Malaysian economy registered growth of 10.00 16.10 14.20 5.6% in 1Q 2023 after posting a full year 5.00 8.90 7.00 0.00 0.70 3.60 5.00 5.60 expansion of 8.7% in 2022. For the whole of 1Q 2020 -5.00 2Q 3Q 4Q 1Q 2021 2Q 3Q 4Q 1Q 2022 2Q 3Q

  4. Slide 4: HTVB Group in 3Q FY2023 (Feb 2023 – Apr 2023)

    HTVB Group in 3Q FY2023 (Feb 2023 – Apr 2023) SALES VOLUME AND AVERAGE SELLING PRICE (ASP) IMPROVED MARGINALLY  Sales volume was relatively flat due to the Hari Raya holidays and the delay in rollout of mega infrastructure projects pending review.  Profit margins for all key entities continued to

  5. Slide 5: Performance Review – 3Q FY2023 vs 3Q FY2022

    Performance Review – 3Q FY2023 vs 3Q FY2022 (corresponding quarter) The Group’s registered a profit after tax of RM15.5m primarily driven by the reversal of Write-down of Inventory to Net Realisable Value. (RM’M) 3Q FY23 3Q FY22 Variance Remark Revenue Lower sales Volume and 373.0 457.0 -18% Average

  6. Slide 6: Performance Review – 3Q FY2023 vs 2Q FY2023

    Performance Review – 3Q FY2023 vs 2Q FY2023 (preceding quarter) Higher revenue than preceding quarter due to marginally higher volume and average selling price. Margins continued to improve from start of year with a reversal of Write-down of Inventories to Net Realisable Value RM10.8 million. JV ent

  7. Slide 7: Performance Chart – FY2022 to 3Q FY2023

    Performance Chart – FY2022 to 3Q FY2023  Improving Margins in last 2 quarters. HTVB GROUP : GPM & OPERATING MARGIN 15% 10% 5% 0% FY22 1QFY23 2QFY23 3QFY23 -5% FY2021 NPAT -10% = -15% RM163.5 Million GPM Operating Margin (Highest Ever) 7

  8. Slide 8: Eastern Steel Sdn. Bhd.

    Eh Eastern Steel Sdn. Bhd. HTVB

  9. Slide 9: ESSB Performance Review – 3Q FY23 vs 2Q FY23

    ESSB Performance Review – 3Q FY23 vs 2Q FY23 (preceding quarter) 3QFY23 2QFY23 (RM’M) Feb 23-Apr 23 Nov 22-Jan 23 Variance Remarks Volume (MT) 200.7 192.6 4% Slightly higher demand from the market Revenue 557.5 458.6 22% Higher Sales volume and selling price Gross Profit 85.8 47.4 81% GPM 15% 10% Hi

  10. Slide 10: ESSB Performance Review – 3Q FY23

    ESSB Performance Review – 3Q FY23 3Q PRODUCT MIX YTD PRODUCT MIX Billet, 50% Slab, 50% Slab, 46% Billet, 54% Turkey MARKET DISTRIBUTION YTD2023 7% India 5% Thailand Malaysia 15% 36% Korea 3% Indonesia Philippines 31% 2% 10

  11. Slide 11: Outlook – Remain Cautious

    OUTLOOK – REMAIN CAUTIOUS  GROUP OPERATING MARGINS CONTINUED TO IMPROVE IN 3Q FY2023 BUT RECORDED A LOWER PROFIT AFTER TAX OF RM15.5 MILLION DUE TO ADVERSE FOREIGN CURRENCY TRANSLATION IMPACT AT JV ENTITY.  PERSISTENT INFLATION AND HIGH INTEREST RATE IN MOST ECONOMIES ARE EXPECTED TO HINDER THE RE

  12. Slide 12: Thank You

    HTVB THANK YOU

Hiap Teck Venture Berhad — Q3 FY2023 Earnings Presentation on 6ix