Hiap Teck Venture Bhd. · MYX:HIAPTEK

Hiap Teck Venture Bhd — Q3 FY2024 Earnings Presentation

11 slides from Hiap Teck Venture Bhd's earnings presentation, Jul 1, 2024

  1. Slide 1: Analysts' Briefing Q3 / FY 2024 Performance Review

    ANALYSTS’ BRIEFING Q3 / FY 2024 PERFORMANCE REVIEW 01 JULY 2024

  2. Slide 2: Corporate Structure (30 April 2024)

    CORPORATE STRUCTURE (30 APRIL 2024) Key Operating Units 2

  3. Slide 3: The Macro Environment

    THE MACRO ENVIRONMENT MALAYSIA REAL GDP GROWTH 20.00 15.00 16.10 14.20 The Malaysian economy expanded by 4.2% 10.00 8.90 7.00 in the 1Q 2024, surpassing expectations. 5.00 3.60 5.00 5.60 2.90 3.30 3.00 4.20 The growth forecast for the entire year of -0.50 0.00 2024 is projected to be between 4% and

  4. Slide 4: Group Performance Review - 3Q FY24 vs 3Q FY23

    HTVB GROUP PERFORMANCE REVIEW - 3Q FY24 vs 3Q FY23 (corresponding quarter) (RM’M) 3Q FY24 3Q FY23 Variance  Revenue rose by 7%, driven mainly by an increase in sales volumes despite a drop in average selling Revenue 399.7 373.0 7% prices. Gross Profit 30.1 32.4 -7%  Gross profit decreased by 7%, p

  5. Slide 5: Group Performance Review - 3Q FY2024 vs 2Q FY2024

    HTVB GROUP PERFORMANCE REVIEW - 3Q FY2024 vs 2Q FY2024 (preceding quarter)  Revenue decreased by 13%, attributed to lower (RM’M) 3Q FY24 2Q FY24 Variance sales volumes during the Chinese New Year and Revenue 399.7 459.5 -13% Hari Raya festival seasons. Gross Profit 30.1 34.4 -12% GPM 7.5% 7.5%  Gr

  6. Slide 6: Performance Chart – FY2023 to 3Q FY2024

    PERFORMANCE CHART – FY2023 to 3Q FY2024  The negative Gross Profit Margin HTVB GROUP : GPM & OPERATING MARGIN (GPM) in 1Q FY2023 was due to higher inventory costs and a RM27.3 million write-down of inventories to Net Realisable Value (NRV). 8.7% 9.2% 7.5% 7.50% 5.9%  After three consecutive quarte

  7. Slide 7: Eastern Steel Sdn. Bhd.

    HTVB p= Eastern Steel Sdn. Bhd.

  8. Slide 8: ESSB Performance Review – 3Q FY2024 vs 2Q FY2024

    ESSB PERFORMANCE REVIEW – 3Q FY2024 vs 2Q FY2024 (preceding quarter) (RM’M) 3Q FY24 2Q FY24 Variance Volume (kMT)  Revenue increased by 45%, driven by a rise in 621.1 477.8 30% sales volumes (30%). Revenue 1,743.7 1,205.9 45% Gross Profit  Gross Profit Margin (GPM) increased largely 231.8 87.1 166

  9. Slide 9: ESSB Performance Review – 3Q FY2024

    ESSB PERFORMANCE REVIEW – 3Q FY2024 Q3 FY2024 PRODUCT MIX Billet, 6% Slab, 94% MARKET DISTRIBUTION YTD 3Q2024 Korea Japan Indonesia 1% 1% 2% Thailand 3% Cameroon USA 4% 11% Malaysia Turkey 16% 62% 9

  10. Slide 10: Outlook – Cautious but Optimistic

    OUTLOOK – CAUTIOUS BUT OPTIMISTIC  The Group reported a net profit of RM 47.2 million in 3Q FY2024, a commendable improvement, mainly attributed to a higher share of profit from ESSB.  Despite challenges from high interest rates and China's economic slowdown, the steel industry is cautiously optim

  11. Slide 11: Thank You

    HTVB THANK YOU

Hiap Teck Venture — Q3 FY2024 Earnings Presentation on 6ix