Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q4 2013 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Feb 27, 2014
Slide 1: 4th Quarter Ended 31st December 2013 Results
4th Quarter Ended 31st December 2013 Results 27th February 2014
Slide 2: Scope
Scope 1 Group financials 2 Operations review 1
Slide 3: Group financials
SECTION 1 © Group financials @ HAP SENG CONSOLIDATED BERHAD
Slide 4: Consolidated income statement summary
Consolidated income statement summary Group’s revenue for 4Q13 and for 2013 were affected by lower Change Change revenue from Automotive and (RM’ Million) 4Q13 4Q12 (%) 2013 2012 (%) Fertilizer Trading Divisions. Revenue 1,033.3 1,131.5 -9% 3,486.7 3,958.9 -12% Revenue for 2013 were also impacte
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT Change Change Change Change (RM’ Million) 4Q13 4Q12 4Q13 4Q12 2013 2012 2013 2012 (%) (%) (%) (%) Plantation 142.8 135.7 5% 59.1 43.0 37% 443.3 526.5 -16% 140.6 193.6 -27% Property 285.0 252.3 13% 180.51 217.81 -17% 527.5 645.0
Slide 6: Group segment results
Group segment results Revenue Operating Profit * Geographical Segment 4Q13 4Q13 4Q13 Revenue Credit Trading Financing 13.2% Plantation 13.4% 8.9% Quarry & Indonesia Quarry & Malaysia Property Building 3.8% Building 94.2% 66.9% Materials Materials 1.4% 9.5% Others Credit 2.0% Trading Financing Proper
Slide 7: Operations review
SECTION 2 © Operations review @ HAP SENG CONSOLIDATED BERHAD
Slide 8: Plantation
Plantation Better 4Q13 performance backed by higher selling prices & lower production costs The Division performed better in 4Q13 with 5% increase in revenue and 37% improvement in operating profit. Division benefitted from: Higher average selling price realization of CPO & PK: CPO : RM2,469 /MT
Slide 9: Property
Property Performance supported by project sales growth Good take up rate of ongoing projects, namely “The Horizon Residence” and “Nadi Bangsar” in West Malaysia; Bandar Sri Indah and Bandar Sri Perdana in East Malaysia contributed to the increase in revenue for 4Q13 and for 2013. The Division’s
Slide 10: Automotive
Automotive Division continues on an expansion mode to support customer base Revenue for 4Q13 and 2013 were lower than the corresponding period last year due to the disposal of HSSV and lower sales from the Malaysian operations. However, sales volume of passenger vehicles for 2013 in the Malaysia
Slide 11: Fertilizer
Fertilizer Results impacted by volatile global fertilizer prices and foreign currencies Revenue for 4Q13 and for 2013 were affected by lower sales volume in the Indonesian market and lower average selling prices in both the Malaysian and Indonesian markets due to the very competitive market condit
Slide 12: Credit financing
Credit financing Growing loan base whilst managing credit risk The Division continues to grow its loan base resulting in higher revenue and operating profit for both 4Q13 and for 2013. By end 2013, the loan base was at RM1.74 billion, 15% above last year’s loan base of RM1.51 billion. NPL rati
Slide 13: Quarry and Building Materials
Quarry and Building Materials Strong revenue growth but profit dampened by lower margin from Quarry Revenue for 4Q13 and for 2013 were higher attributable to higher sales of aggregates and bricks:- Aggregates sales increased by 3% in 4Q3 and 15% for 2013, mainly due to higher average selling pri
Slide 14: Trading
Trading Better sales and operating profit backed by expansion in market share The Division registered better revenue for both 4Q13 and for 2013, driven by sales growth for building materials products as the Division continues to expand its market network and market share. The increase in revenue
Slide 15: Thank You
Thank You @ HAP SENG CONSOLIDATED BERHAD
Hap Seng Consolidated Berhad — Q4 2013 Earnings Presentation on 6ix