Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q2 2020 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Aug 28, 2020
Slide 1: 2nd Quarter Ended 30 June 2020 Results
2nd Quarter Ended 30 June 2020 Results 28 August 2020
Slide 2: Scope
Scope 1 Group financials 2 Operations review 2
Slide 3: Group financials
SECTION 1 Group financials
Slide 4: Consolidated income statement summary
Consolidated income statement summary ❑ The Group’s businesses in the current year were operating on YTD YTD (RM’ Million) 2Q20 2Q19 Change Change the back of the following scenarios: 2020 2019 • Weak domestic and external demand conditions amid the Revenue 989.6 1,745.8 (43%) 2,464.6 3,495.7 (29%)
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) YTD YTD YTD YTD 2Q20 2Q19 Change 2Q20 2Q19 Change Change Change 2020 2019 2020 2019 Plantation 83.6 80.0 4% 32.0 (4.1) 887% 185.4 206.2 (10%) 25.6 3.6 611% 1 Property 246.0 435.5 (44%) 144.4 173.5 (17%) 736.9 920.0
Slide 6: Group segment results – 2nd Quarter
Group segment results – 2nd Quarter Building Materials 4% Plantation 8% Plantation Credit 14% 25% Trading Property Operating 38% Revenue 24% Profit 2Q20 2Q20 Credit 7% Automotive Property 19% 61% Plantation Trading Building Materials 4% 6% 4% Building Automotive Materials 8% 1% Property 24% Revenue
Slide 7: Group segment results – Year To Date
Group segment results – Year To Date Plantation 7% Building Materials 6% Plantation 5% Credit Property 23% Trading 29% 34% Revenue Operating YTD 2020 Profit YTD 2020 Credit Automotive 6% Property 18% 72% Plantation Building Materials Plantation 6% 3% 1% Building Materials 8% Trading 5% Property Trad
Slide 8: Operations review
SECTION 2 Operations review
Slide 9: Plantations
Plantations Operating profit benefitted from higher average selling prices and gain on disposal ❑ Revenue and Operating Profit for 2Q20 and YTD benefitted from higher 2Q Revenue YTD Revenue average selling prices of CPO and PK but dampened by lower sales volume of CPO for 2Q20 and YTD and lower YTD
Slide 10: Property Investment and Development
Property Investment and Development Results affected by lower contribution from projects and construction activities ❑ Revenue and Operating profit for 2Q20 and YTD 2Q Revenue YTD Revenue were affected by lower contribution from projects RM’ Mil RM’ Mil 435.5 920.0 and construction activities but mi
Slide 11: Credit Financing
Credit Financing Lower loan base attributed to prudent & stringent loan approval process ❑ The Division’s revenue and operating profit for 2Q Revenue YTD Revenue 2Q20 and YTD were lower than last year on the RM’ Mil RM’ Mil back of lower loan base. 100 80.2 156.4 71.1 200 145.5 ❑ Loan base as at end
Slide 12: Automotive
Automotive Results affected by lower sales volume and aftersales throughput ❑ The Division’s revenue for 2Q20 and YTD were significantly 2Q Revenue YTD Revenue lower than last year due to the suspension of all our operations RM’ Mil 390.9 RM’ Mil 705.9 in compliance with the MCO. 400 800 ❑ Sales of
Slide 13: Trading
Trading Results affected by MCO with demand remained weak thereafter ❑ The Division’s results, which comprise the Fertilizers trading, 2Q Revenue YTD Revenue general trading (“GT”), and ceramic tile business under RM’ Mil RM’ Mil Malaysian Mosaics Sdn Bhd (“MMSB”), were affected by lower 800 680.8 1
Slide 14: Building Materials
Building Materials Results affected by temporary suspension of businesses during MCO / CB ❑ The Division comprises the quarry, asphalts and bricks 2Q Revenue YTD Revenue businesses (“QBM”) ; and trading of building materials by 144.8 RM’ Mil RM’ Mil 279.4 Hafary (“Hafary”). 150 300 ❑ Results for 2Q2
Slide 15: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q2 2020 Earnings Presentation on 6ix