Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — H1 2019 Earnings Presentation
19 slides from Sime Darby Bhd's earnings presentation, Feb 21, 2019
Slide 1: FY2019 Results Announcement
FY2019 Results Announcement Half Year ended 31 December 2018 21 February 2019
Slide 2: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 3: 1H FY2019 Results Announcement
1H FY2019 Results Announcement Half Year ended 31 December 2018 In RM Million 1H FY2019 1H FY2018 YoY % Revenue 18,268 16,959 7.7 PBIT 674 495 36.2 Finance income 27 80* Finance costs (62) (61) Profit before tax 639 514 24.3 Taxation (64) (154) Profit from continuing operations 575 360 59.7 Non-cont
Slide 4: Core Profit of Continuing Operations: Half year
1H FY2019 Results Announcement Core Profit of Continuing Operations: Half year ended 31 December 2018 In RM Million 1H FY2019 1H FY2018 YoY % Reported PBIT 674 495 36.2 Adjustments (68)1 302 Core PBIT 606 525 15.4 Net finance costs (35) (26) Taxation (178)3 (150) Non controlling interests (33) (28)
Slide 5: Segmental PBIT: Half year
1H FY2019 Results Announcement Segmental PBIT: Half year ended 31 December 2018 1H FY2019 1H FY2018 Reported Core In RM Reported Core Reported Core PBIT PBIT Million Adjustments Adjustments PBIT PBIT PBIT PBIT YoY % YoY % Industrial 366 (18)1 348 393 (165)5 228 (6.9) 52.6 Motors 240 (15)2 225 145 13
Slide 6: Quarter results: 2Q FY2019
1H FY2019 Results Announcement Quarter ended 31 December 2018 In RM Million 2Q FY2019 2Q FY2018 YoY % Revenue 9,423 8,815 6.9 PBIT 327 139 135.3 Finance income 13 30* Finance costs (32) (31) Profit before tax 308 138 123.2 Taxation 29 (53) Profit from continuing operations 337 85 296.5 Non-controlli
Slide 7: Snapshot of borrowings position as at December 2018
1H FY2019 Results Announcement Snapshot of borrowings position as at 31 December 2018 Long Term vs Short Term Borrowings Total Borrowings 3,197 2,960 215 245 2,715 2,982 RM3.20bn 30-Sep-18 31-Dec-18 As at 31 December 2018 ST Borrowings LT Borrowings RM14.8bn 21.6% RM1.5bn Bank balances, deposits Tot
Slide 8: Segmental Results
Sime Segmental Results
Slide 9: Industrial Division
Industrial Division Rising sales and profits in Australasia Australasia +10% • Higher equipment deliveries to mining and construction sectors 6,832 • Higher margins from equipment and parts 6,197 • Results partly offset by the weakening of AUD/MYR by 9% -7% from 3.28 to 2.99 and fair value loss on f
Slide 10: Industrial Outlook
Industrial Outlook Healthy order book across all regions RM2,549m Order book as at 31 December 2018 RM2,228m Order book as at 31 December 2017 AUSTRALASIA MALAYSIA • Increasing demand for coal in Asia will drive miners • On-going projects such as West Coast Expressway and to increase capital expendi
Slide 11: Motors Division
Motors Division Increasing competition in major markets China, HK, Macau, Taiwan +6% • Higher units of BMW and Super Luxury vehicles sold in China 10,559 11,190 +78% • Lower units sold and lower margins from BMW and after-sales 240 in HK due to competition 135 • Taiwan recorded LBIT (RM11m) in 1HFY2
Slide 12: Motors Outlook
Motors Outlook New models in premium segment to spur growth despite difficult market environment 4,287 45,190 4,602 9,659 10,249 Units Sold Units Sold Units Sold (1H FY2018: 41,814) 1H 1H FY2018 FY2019 9,066 18,585 22,178 8,378 19,496 Units Assembled (1H FY2018: 11,917) Australia & NZ China,HK,Macau
Slide 13: Motors Outlook
Motors Outlook Upcoming model launches expected to boost sales in 3QFY2019 Porsche Panamera GTS BMW 8 Series February 2019 March 2019 Porsche Macan 4 th G e n e r a t i o n H y u n d a i S a n t a F e February 2019 2019 12
Slide 14: Logistics and Healthcare
Logistics and Healthcare Higher profit from disposal of Weifang Water; higher profit from Healthcare Logistics Healthcare -13% Ports 173 +20% • Weaker performance due to lower 150 104 +142% throughput at ports caused by 30 severe weather conditions. 25 43 Water • Recorded 3 months contribution prior
Slide 15: Disclaimer
Disclaimer This presentation does not constitute and is not an offer to sell or the solicitation of an offer to buy securities of any company referred to in this presentation in the United States or elsewhere. The companies referred to herein have not registered and do not intend to register any sec
Slide 16: Appendices
Sime Appendices
Slide 17: 2Q FY2019 External Revenue by Region
1H FY2019 Results Announcement ended 31 December 2018 2Q FY2019 External Revenue by Region In RM Million 2Q FY2019 2Q FY2018 YoY % Industrial Malaysia 297 307 (3.3) SE Asia ex Malaysia 196 184 6.5 China/HK 941 957 (1.7) Australasia 2,182 1,801 21.2 3,616 3,249 11.3 Motors Malaysia 912 923 (1.2) SE A
Slide 18: 2Q FY2019 PBIT by Region
1H FY2019 Results Announcement ended 31 December 2018 2Q FY2019 PBIT by Region In RM Million 2Q FY2019 2Q FY2018 YoY % Industrial Malaysia 10 16 (37.5) SE Asia ex Malaysia 16 6 166.7 China/HK 45 41 9.8 Australasia 98 83 18.1 Disposal of Properties 18 - 187 146 28.1 Motors Malaysia 31 14 121.4 Singap
Slide 19: Thank you
Sime Thank you