Drb-hicom Bhd. · MYX:DRBHCOM
Drb-hicom Bhd — Q2 2024 Earnings Presentation
22 slides from Drb-hicom Bhd's earnings presentation, August 2024
Slide 1: 2Q 2024 Financial Results
2Q 2024 Financial Results Quarter Ended 30 June 2024
Slide 2: Disclaimer
Disclaimer This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase, any securities and neither this presentation nor anything contained in it shall form the basis of, or be relied on in connection with any contract or commit
Slide 3: Table of Content
01 Group Key Highlights 02 Financial Performance TABLE OF CONTENT 03 Operational Highlights 04 ESG
Slide 4: Group Key Highlights
O01 Group Key Highlights
Slide 5: Group Key Highlights: Revenue and PBT
Group Key Highlights 2Q2024 recorded resilient performance amidst demanding business environment RM billion ▪ The Group recorded revenue of RM8,091.3 million in the 1H2024 compared to RM8,085.1 million in the same period last year Revenue 8.1 8.1 ▪ Lower revenue in 2Q2024 primarily due to lower cont
Slide 6: Financial Performance
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Slide 7: Revenue Breakdown by Sector
Revenue Breakdown by Sector RM million 5,874.4 RM million RM million 5,588.9 3,047.8 2,850.0 1,035.2 2,541.1 806.8 531.7 546.4 524.8 510.4 427.5 240.5 291.2 268.0 2Q2024 1Q2024 2Q2023 1H2024 1H2023 2Q2024 1Q2024 2Q2023 1H2024 1H2023 2Q2024 1Q2024 2Q2023 1H2024 1H2023 Automotive Banking Postal RM mil
Slide 8: PBT Breakdown by Sector
PBT Breakdown by Sector RM million 2Q2024 1Q2024 2Q2023 1H2024 1H2023 Automotive 96.9 181.7 133.2 278.6 363.5 Aerospace 5.1 11.8 (6.7) 16.9 (1.3) and Defence Postal (63.9) (24.1) (41.7) (88.0) (79.0) Banking 39.1 60.5 62.9 99.6 106.1 Services 4.9 19.0 13.1 23.9 38.6 Properties (12.2) 23.3 (10.7) 11.
Slide 9: Balance Sheet Management
Balance Sheet Management As at 30 June 2024 Total Assets 30 June 2024 31 December 2023 Δ Property, Plant & Equipment 5.0 5.2 -3.8% Banking Related Assets 40.0 38.0 +5.3% Inventories 4.3 4.5 -4.4% Cash & Bank Balances 1.7 2.0 -15.0% Trade & Other Receivables 4.3 4.3 - Others 4.4 4.6 -4.3% TOTAL 59.7
Slide 10: Operational Highlights
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Slide 11: Operational Highlights: Automotive
Operational Highlights: Automotive PROTON, Automotive Distribution (“AD”) and Manufacturing & Engineering (“M&E”) Revenue RM million 5,588.9 5,874.4 69% Contribution to the Group’s revenue 403.8 433.9 765.9 706.1 Automotive sector registered revenue of RM5,588.9 million in 1H2024 compared to 3,047.8
Slide 12: DRB-HICOM Automotive Market Share
DRB-HICOM Automotive Market Share 1H2024: 32.3% of Malaysia TIV Units (Vehicle sold) 72,088 76,012 39,226 33,732 11,811 8,265 6,509 8,504 1H2024 1H2023 1H2024 1H2023 1H2024 1H2023 1H2024 1H2023 Source: MAA Domestic Sales only Group Total Sales Volume 1H2024: 126,088 (32.3%); 1H2023 (incl. DHCV – 21
Slide 13: PROTON Sales Performance in 1H2024
PROTON Sales Performance in 1H2024 Saga, S70 and X50 amounted to 76% of PROTON’s total sales Units Sales Volume SAGA 34,838 33,325 1H2024 1H2023 (1H2024 vs. 1H2023) 17,562 10,914 10,204 Units - Saga S70 X50 73,696 77,321 12,580 9,753 2,976 6,116 2,779 4,032 1,989 1,339 2,367 243 Persona X70 Iriz X90
Slide 14: Operational Highlights: Aerospace & Defence
Operational Highlights: Aerospace & Defence CTRM & DEFTECH Revenue 5% Contribution to the RM million Group’s revenue 394.1 22.4 312.8 19.6 Aerospace & Defence sector recorded revenue growth of RM394.1 million in 1H2024 compared to 206.3 RM312.8 million in the 1H2023 187.8 14.8 371.7 7.6 144.2 293.2
Slide 15: Operational Highlights: Postal
Operational Highlights: Postal Pos Malaysia Revenue 7% Contribution to the Group’s revenue RM million Lower revenue of RM531.7 million for Postal sector recognised in 1H2024 compared to RM546.4 million in 1H2023 primarily due to: 531.7 546.4 i. Lower international business following a reduction in o
Slide 16: Operational Highlights: Banking
Operational Highlights: Banking Bank Muamalat 13% Contribution to the Revenue Group’s revenue RM million Higher revenue in Banking sector of RM1,035.2 million in 1H2024 compared to RM806.8 million in 1H2023 is mainly due to: 1,035.2 i. Higher financing income in tandem with 806.8 growing financing v
Slide 17: Operational Highlights: Services
Operational Highlights: Services PUSPAKOM, DRB-HICOM University, Pos Aviation, Pos Logistics and others Revenue RM million 5% Contribution to the Group’s revenue 436.1 405.1 93.4 93.3 Services sector registered higher revenue of RM436.1 million in 1H2024 compared to RM405.1 83.4 million in 1H2023 ma
Slide 18: Operational Highlights: Properties
Operational Highlights: Properties Property Concession and Property Development Revenue RM million 1% Contribution to the Group’s revenue Properties sector registered lower revenue of RM105.3 million in 1H2024 compared to RM139.6 million in 1H2023 due to: 139.6 i. Completion of the project under the
Slide 19: Environmental, Social & Governance
04 Environmental, Social & Governance
Slide 20: Group Key Focus on ESG
Group Key Focus on ESG Promoting sustainable development & profitable growth in the long term LONG-TERM ESG TARGETS FY2024 TARGET Environmental Social Governance Group-wide Renewable Energy (RE) Mix • Female representation of at least 30% Achieving 20% renewable energy in Zero tolerance against all
Slide 21: Group ESG Progress for 1H2024
Group ESG Progress for 1H2024 Key indicators of each pillar represent the corporate sustainability targets of the Group Environmental Social Governance Efficient use of natural resources and Compliance to labour standards and Integration of sustainability and minimising carbon footprint respecting h
Slide 22: Thank You
Thank You INVESTOR RELATIONS Level 5, Wisma DRB-HICOM Jalan Usahawan U1/8 40150 Shah Alam, Selangor +603 2052 8194 / 8157 / 8243 invest@drb-hicom.com