Jardine Cycle & Carriage Limited · SGX:C07
Jardine Cycle & Carriage — FY2021 Earnings Presentation
20 slides from Jardine Cycle & Carriage's earnings presentation, Mar 1, 2022
Slide 1: Building a diversified and resilient portfolio
Building a diversified and resilient portfolio Jardine Cycle & Carriage Full Year 2021 Results Presentation (1 March 2022) Disclaimer: Jardine Cycle & Carriage accepts no liability whatsoever with respect to the use of this document or its contents.
Slide 2: To grow faster than Southeast Asia and elevate communities
To grow faster than Southeast Asia and elevate communities MYANMAR LEGEND VIETNAM Our Presence Astra Direct Motor Interests SINGAPORE: THAILAND • Cycle & Carriage Singapore MALAYSIA: • Cycle & Carriage Bintang MYANMAR: • Cycle & Carriage Myanmar INDONESIA: • Tunas Ridean MALAYSIA Other Strategic Int
Slide 3: A diversified group with market leading positions
A diversified group with market leading positions Astra Direct Motor Interests Other Strategic Interests Headquarters JC&C Stake 50.1% 46.2% 100% 89% 60% 26.6% 31.0% 10.6% 25.5% • Diversified exposure to automotive, financial services, • Established regional automotive presence in • Diversified grou
Slide 4: Our six growth levers
Our six growth levers Drive strategic direction through board Provide capital allocation for future Utilise Group networks and and management representation growth relationships for new partnerships Access Jardines talent pool and Provide innovation capabilities for Strengthen ESG practices and orga
Slide 5: Embedding ESG at the core of our strategy
Embedding ESG at the core of our strategy Conducted climate scenario analyses to assess physical REE’s renewable energy interests and transition risks Interests in solar, hydro and wind TCFD readiness to guide transition to a low-carbon economy and support long-term sustainability Combined p
Slide 6: FY2021 Financial Highlights
MYANMAR VIETNAM THAILAND MALAYSIA FY2021 Financial SINGAPORE Highlights INDONESIA
Slide 7: FY2021 financial highlights
FY2021 financial highlights Higher contributions across the JC&C portfolio • Underlying profit 83% higher at US$786m • Final dividend of of US¢62 per share, total dividend of US¢80 per share for the year, 86% higher than 2020 FY2021 FY2020 FY2021 FY2020 US$m US$m Change US$m US$m Change Revenue 17,6
Slide 8: FY2021 financial highlights
FY2021 financial highlights Strong balance sheet, with consolidated net cash position (excl. FS) of US$0.8bn Dec-21 Dec-20 US$m US$m Change Shareholders' funds 7,368 6,974 6% Total equity 16,395 15,307 7% Net debt (1,971) (3,627) -46% Net cash/(debt) (excl. FS) 770 (854) nm Gearing 12% 24% Gearing (
Slide 9: Majority interest in leading Indonesian diversified group
Majority interest in leading Indonesian diversified group ASTRA
Slide 10: Astra
Astra Improved performances across all operations Net Income (US$m) 600 550 +170% Total Net Income: 500 US$1.4 billion 450 +79% 400 +49% 350 300 250 200 150 +137% 100 50 +53% 0 Heavy equipment, mining, Automotive Financial Services Agribusiness Infrastructure & logistics construction, energy 2019 59
Slide 11: Astra
Astra Contribution to JC&C 112% higher Contribution to JC&C’s Underlying Profit (US$m) 300 280 260 Total Contribution: 240 +261% US$655 million +77% 220 200 180 +56% 160 140 120 100 80 60 +145% 40 20 +100% 0 Heavy equipment, mining, Automotive Financial Services Agribusiness Infrastructure & logisti
Slide 12: Established automotive presence across Southeast Asia
Established automotive presence across Southeast Asia DIRECT MOTOR INTERESTS
Slide 13: Direct Motor Interests
Direct Motor Interests Contribution to JC&C 183% higher Contribution to JC&C’s Underlying Profit (US$m) 60 55 Total Contribution: 50 US$39 million 45 40 35 30 +57% 25 20 +1,950% 15 10 5 nm +56% 0 (5) (10) C&C Singapore C&C Bintang C&C Myanmar Tunas Ridean 2019 57.1 (5.6) (4.3) 18.8 2020 18.5 (0.7) (
Slide 14: Diversified interests supporting Southeast Asia's growth
Diversified interests supporting Southeast Asia’s growth OTHER STRATEGIC INTERESTS
Slide 15: Other Strategic Interests
Other Strategic Interests Contribution to JC&C 26% higher Contribution to JC&C’s Underlying Profit (US$m) 65 +60% 60 Total Contribution: 55 US$151 million 50 45 +6% 40 35 30 +18% 25 +8% 20 15 10 5 0 THACO REE SCCC Vinamilk 2019 48.5 18.3 23.5 35.7 2020 38.6 20.6 24.2 36.7 2021 61.9 22.2 28.5 38.9 15
Slide 16: Capital Management & Allocation
Capital Management & Allocation
Slide 17: Our capital allocation strategy
Our capital allocation strategy Objective Outperform regional GDP growth rates Rate of Growth Capital Allocation Approach Sector Geography Six Investment Lenses ASEAN-focused Invest in market-leading businesses Risk-return Value Investment Themes: Urbanisation and the emerging consumer class
Slide 18: Looking ahead
Ww S/d Jardine Cycle & Carriage | Looking ahead
Slide 19: Outlook statement
Outlook statement "Jardine Cycle & Carriage achieved an overall satisfactory result in 2021, with significant recovery across its portfolio compared to 2020. The Group's underlying profit, however, remained lower than 2019, before the start of the pandemic. The pandemic is expected to remain a signi
Slide 20: Thank you
THANK YOU
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