Slide 1: 2nd Quarter Ended 30 June 2024 Results
2nd Quarter Ended 30 June 2024 Results 28th Aug 2024
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 2Q24 and YTD2024 revenue at YTD YTD (RM’ Million) 2Q24 2Q23 Change Change RM1.42b and RM2.75b were both below last year by 2024 2023 14% and 15% respectively primarily from lower Revenue 1,415.0 1,648.4 (14%) 2,754.5 3,239.7 (15%) contributions fro
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) YTD YTD YTD YTD 2Q24 2Q23 Change 2Q24 2Q23 Change Change Change 2024 2023 2024 2023 Plantation 182.8 168.8 8% 37.6 14.0 169% 341.8 328.7 4% 86.9 46.3 88% 1 Property 252.0 121.6 107% 153.4 26.9 471% 478.9 219.8 118%
Slide 6: Group segment results – 2nd Quarter
Group segment results – 2nd Quarter Plantation Plantation Building Materials 12% Building Materials, 16% 12% 18% Property 17% Trading, 8% Revenue Operating 2Q24 Automotive 2% Profit Credit 3% 2Q24 Trading Credit Property 42% Automotive 13% 49% 8% Building Plantation Plantation Materials 10% Property
Slide 7: Group segment results – Year To Date
Group segment results – Year To Date Plantation Plantation Building Materials 12% Building Materials, 14% 14% 17% Property 16% Trading, 10% Revenue Operating Automotive YTD 2024 2% Profit Credit 3% YTD 2024 Trading 43% Credit Property Automotive 46% 14% 9% Building Plantation Materials Building Mate
Slide 8: Section 2: Operations Review
SECTION 2 Operations Review
Slide 9: Plantations
Plantations Higher operating profit due to higher selling prices and lower production costs. ❑ 2Q24 and YTD2024 revenue at RM182.8 million and RM341.8 million were higher than the corresponding period last year by 8% and 4% respectively mainly due to higher average 2Q Revenue YTD Revenue selling pri
Slide 10: Property Investment and Development
Property Investment and Development Results for the quarter and YTD benefitted from sales of land 2Q Revenue YTD Revenue ❑ The Division’s 2Q24 and YTD2024 revenue and operating profit were both significantly higher than the corresponding RM’ Mil RM’ Mil 350 600 478.9 period last year, benefitted mai
Slide 11: Credit Financing
Credit Financing Lower loan base with cautious lending ❑ The Division continues to consolidate its operations with prudent 2Q Revenue YTD Revenue measures to manage risks and uncertainties surrounding its sectors of financing. RM’ Mil RM’ Mil 80 150 122.5 60.6 ❑ The Division’s loan base of RM2.3 bil
Slide 12: Automotive
Automotive Weaker results from both PV and CV segment ❑ The Division registered lower 2Q24 and YTD2024 revenue than the 2Q Revenue YTD Revenue corresponding period last year by 70% and 69% respectively with lower RM’ Mil RM’ Mil contribution from both its passenger vehicles (“PV”) and commercial 866
Slide 13: Trading
Trading Fertilizer Trading results dampened by normalization of selling price ❑ The Division comprises the fertilizers trading (“FT”) and general trading 2Q Revenue YTD Revenue (“GT”) businesses. In the current year, the Division reorganized its RM’ Mil RM’ Mil ceramic tiles business under Malaysian
Slide 14: Building Materials
Building Materials QBM’s operating profit benefitted from rationalization of quarries operations ❑ The Division comprises the quarry and bricks businesses (“QBM”), and 2Q Revenue YTD Revenue trading of building materials by Hafary which now also includes the retail- distribution of ceramic tiles ope
Slide 15: Thank You
@ HAP SENG Soin