Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q4 2022 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Feb 24, 2023
Slide 1: 4th Quarter Ended 31 December 2022 Results
4th Quarter Ended 31 December 2022 Results 24th February 2023
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 4Q22 revenue and operating profit at FY FY (RM’ Million) 4Q22 4Q21 Change Change RM1.79b and RM228.7m were below last year by 3% 2022 2021 and 58% respectively with lower contribution from Revenue 1,791.0 1,839.3 (3%) 7,110.5 6,012.8 18% Plantation
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) FY FY FY FY 4Q22 4Q21 Change 4Q22 4Q21 Change Change Change 2022 2021 2022 2021 Plantation 143.6 194.8 (26%) 28.5 118.7 (76%) 814.6 670.9 21% 266.9 292.6 (9%) 1 Property 124.1 502.1 (75%) 53.8 325.9 (83%) 523.9 1,5
Slide 6: Group segment results – 4th Quarter
Group segment results – 4th Quarter Plantation Building Materials 8% Plantation Property Building Materials 12% 11% 18% 6% Credit Property 3% 22% Revenue Trading Operating 4Q22 22% Profit Trading 4Q22 45% Automotive Automotive Credit 27% 8% 18% Building Trading, 6% Plantation Building Materials, 3%
Slide 7: Group segment results – Full Year
Group segment results – Full Year Plantation Plantation Building Materials 11% Building Materials 13% 23% 10% Property 7% Operating Revenue Credit Trading 3% 26% Profit FY 2022 Trading FY 2022 Property 46% 15% Automotive Automotive Credit 23% 6% 17% Building Building Materials 4% Plantation Material
Slide 8: Section 2: Operations Review
SECTION 2 Operations Review
Slide 9: Plantations
Plantations Higher FY2022 average selling price dampened by costs increases ❑ 4Q22 Revenue was 26% lower than last year, dampened by lower average 4Q Revenue FY Revenue selling prices of all palm products and lower sales volume of CPO. However, FY2022 Revenue was 21% above last year with higher aver
Slide 10: Property Investment and Development
Property Investment and Development Improvements in property sales and rental dampened by lower land sales 4Q Revenue FY Revenue ❑ The Division’s 4Q22 and FY2022 Revenue and Operating Profit were lower than last year mainly due to lower sales of RM’ Mil RM’ Mil 1,538.5 land. 800 1,600 502.1 ❑ FY2022
Slide 11: Credit Financing
Credit Financing Lower loan base with cautious lending practices ❑ The Division’s 4Q22 and FY2022 revenue and operating 4Q Revenue FY Revenue profit were lower than last year mainly due to lower loan RM’ Mil RM’ Mil base. 69.9 80 62.8 400 288.1 ❑ The Division’s loan base of RM2.85 billion as at end
Slide 12: Automotive
Automotive Improved FY2022 results from both PV and CV segments ❑ The Division registered higher 4Q22 revenue with higher 4Q Revenue FY Revenue contribution from passenger vehicles (“PV”). The higher FY2022 RM’ Mil RM’ Mil 1,748.7 500.3 revenue were attributed to both PV and commercial vehicles 600
Slide 13: Trading
Trading Improved results from all businesses ❑ The Division comprises the fertilizers trading (“FT”), general 4Q Revenue FY Revenue trading (“GT”), and ceramic tiles business under Malaysian RM’ Mil RM’ Mil Mosaics Sdn Bhd (“MMSB”). 839.3 3,463.8 1,000 4,000 ❑ Division’s 4Q22 and FY2022 revenue were
Slide 14: Building Materials
Building Materials Results supported by the increase in construction activities in Malaysia and Singapore ❑ The Division comprises the quarry, asphalts and bricks 4Q Revenue FY Revenue businesses (“QBM”); and trading of building materials by Hafary (“Hafary”). RM’ Mil 210.9 RM’ Mil 706.0 250 800 543
Slide 15: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q4 2022 Earnings Presentation on 6ix