Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — Q1 FY2025 Earnings Presentation
20 slides from Sime Darby Bhd's earnings presentation, Nov 28, 2024
Slide 1: Analyst Briefing for the First Quarter Ended 30 September 2024
Sime Darby Berhad Analyst Briefing for the First Quarter Ended 30 September 2024 28 November 2024
Slide 2: Group Financial Results
Group Financial Results
Slide 3: Q1 FY2025 Results: Reported Profit
Q1 FY2025 Results Reported Profit: Quarter ended 30 September 2024 In RM Million Q1 FY2025 Q1 FY2024 YoY % Revenue 18,264 13,980 30.6 PBIT 1,214 830 46.3 Finance income 27 27 Finance costs (184) (129) Profit before tax 1,057 728 45.2 Taxation (180) (154) Profit from continuing operations 877 574 52.
Slide 4: Q1 FY2025 Results: Core Profit
Q1 FY2025 Results Core Profit: Quarter ended 30 September 2024 In RM Million Q1 FY2025 Q1 FY2024 YoY % Reported PBIT from continuing operations 1,214 830 46.3 Adjustments • Gain on disposal of Malaysia Vision Valley (“MVV”) land (458) (279) • Gain on disposal of Chubb Singapore (18) - • Gain on disp
Slide 5: Segmental PBIT: Quarter ended September 2024
Q1 FY2025 Results Segmental PBIT: Quarter ended 30 September 2024 Q1 FY2025 Q1 FY2024 Reported Core PBIT In RM Million PBIT Reported Reported YoY % YoY % Adjustments Core PBIT Adjustments Core PBIT PBIT PBIT Continuing operations Industrial 343 (18)1 325 358 - 358 (4.2) (9.2) 2 Motors 190 (23) 167 2
Slide 6: PBIT from continuing operations
PBIT from continuing operations YTD Core PBIT from continuing operations was 33.8% higher, mainly due to profit contribution from UMW 1. Gain on disposal of Malaysia Vision Q1 FY2025 vs. Q1 FY2024 Valley (“MVV”) land 2. Gain on disposal of Chubb Singapore 3. Gain on disposal of Ferrari operations in
Slide 7: Snapshot of borrowing position as at September 2024
Q1 FY2025 Results Snapshot of borrowing position as at 30 September 2024 L o n g Te r m v s S h o r t Te r m D e b t To t a l D e b t (5.8)% 13,211 12,449 2,231 2,034 4,702 4,307 540 465 5,738 5,643 RM12.4bn June 2024 September 2024 As at 30 September 2024 ST Borrowings ST Leases LT Borrowings LT Le
Slide 8: Industrial Division
Industrial Division
Slide 9: Industrial Division
Industrial Division Despite the higher revenue, profit declined due to lower margins 9.4% 4.2% 4,741 5,188 358 343 Australasia • Higher mining and construction equipment deliveries. However, Sep-23 profitability declined, as it was impacted by a currency-related parts Sep-24 price reduction in the c
Slide 10: Industrial Outlook
Industrial Outlook Lower order book in this current quarter due to big deliveries but increased in October AUSTRALASIA RM’ million 4,504 • Demand for commodities continues to remain strong. 4,250 4,517 • Mining customers’ fleet utilisation is expected to remain healthy based on their 4,235 productio
Slide 11: Industrial Division: Strong demand for commodity
Industrial Division Strong demand for commodity, supported by infrastructure development and energy transition Commodity demand remains strong 1. Mining industry 2. Australia is blessed with contributes 14% high quality iron ore, copper to the and both metallurgical country’s GDP. and thermal coal d
Slide 12: Motors Division
Motors Division
Slide 13: Motors Division
Motors Division Lower sales in key markets, except Singapore 5.9% 6.4% 9,221 8,674 203 190 Malaysia Sep-23 • Lower profits mainly due to lower unit sales, partly offset by higher Sep-24 assembly revenue. Revenue China PBIT In RM Million Q1 FY2024 Q1 FY2025 • Mainland China – Continued price competit
Slide 14: Motors Division: Lower sales in key markets
Motors Division Lower sales in key markets, except Singapore 31,371 10,080 Units Sold* Units Assembled Units sold by (Q1 FY2024: 33,415) (Q1 FY2024: 10,467) region * Includes cars sold on consignment MALAYSIA 7,009 • Tax incentives such as the excise duty, sales and import tax exemptions for CBU and
Slide 15: Motors Division: Action plans to address margins
Motors Division Vehicle sales continue to grow, action plans in place to address margins China announced USD1.4 trillion stimulus package China Motors – volume continues to grow over 5 years to spur consumer demand. Monthly sales is on an uptrend. 2024 China Total Auto Sales YTD Oct 2024, sales is u
Slide 16: Motors Outlook
Motors Outlook Exciting new models to drive sales BMW 520i M Sport Volvo EX90 BYD M6 Malaysia – September 2024 China – 2024 Malaysia - October 2024 BMW i5 M60 Volvo XC90 BYD Sealion 7 Australia –2024 Malaysia – 2025 Malaysia - November 2024 Copyright © 2024 Sime Darby Berhad 16
Slide 17: UMW Division
UMW Division
Slide 18: UMW Division
UMW Division Revenue and PBIT largely contributed by the automotive business 4,385 Automotive 214 • Vehicle sales remained robust in the current quarter. • UMWT sold 27,010 units in the current quarter (corresponding quarter: 28,274 units).* • Perodua has sold 89,192 units in the current quarter (co
Slide 19: UMW Toyota Motor and Perodua sales & Total Industry Volume
UMW Division UMW Toyota Motor and Perodua sales & Total Industry Volume 2019 2020 2021 2022 2023 2024F TIV 604,287 529,514 508,911 720,658 799,731 800,000* *Revised from 765,000 units and 740,000 units earlier Quarterly sales UMW Toyota Motor and Perodua market share 900,000 Others Market leader in
Slide 20: Thank You
Thank You