PPB Group Bhd. · MYX:PPB
PPB Group Bhd — FY2024 Earnings Presentation
33 slides from PPB Group Bhd's earnings presentation, Mar 5, 2025
Slide 1: Press and Analyst Briefing
PRESS AND ANALYST BRIEFING Aurum Theatre, The Exchange, TRX 5 March 2025 Page | 0
Slide 2: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 1
Slide 3: Performance highlights - summary
Performance highlights - summary Revenue Profit before share of Share of Wilmar’s profit RM’billion Wilmar’s profit RM’million 6% RM’million 24% 80% 5.72 5.39 340 1,299 >100% 992 189 52% 13% 145 572 1.26 1.43 277 4Q2023 4Q2024 FY2023 FY2024 4Q2023 4Q2024 FY2023 FY2024 (130) 4Q2023 4Q2024 FY2023 FY20
Slide 4: Performance highlights - summary
Performance highlights - summary Total assets Cash and bank balances Borrowings RM’billion RM’million RM’million 2% 10% 30.0 2% 1,700 433 1,661 440 29.4 420 28.8 1,629 400 389 29.0 380 1,600 360 28.0 340 320 1,500 300 27.0 FY2023 FY2024 FY2023 FY2024 FY2023 FY2024 Net cash Shareholders’ funds Net as
Slide 5: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 4
Slide 6: Overview of financial results (Y-o-Y)
Overview of financial results (Y-o-Y) 5,900.00 5,800.00 5,721 5,700.00 5,600.00 23 17 5,500.00 5,400.00 5,386 5,300.00 307 65 2 5,200.00 5,100.00 5,000.00 Grain Grains andand… Filmexhibition Film exhibitionand and… Other operations FY2023 agribusiness Consumer products distribution Property FY2024 G
Slide 7: Overview of financial results (4Q2024 vs 4Q2023)
Overview of financial results (4Q2024 vs 4Q2023) 900.00 800.00 143 1 700.00 600.00 133 500.00 442 9 2 422 400.00 300.00 290 200.00 100.00 Grains and Film exhibition and Other operations Unallocated 4Q2024 4Q2023 agribusiness Consumer products distribution Property Unallocated corporate expenses expe
Slide 8: Overview of financial results (Y-o-Y)
Overview of financial results (Y-o-Y) 2,000 1,488 91 124 1,500 6 1,332 19 1,000 345 1 500 - Grain Grainsand and… Consumer Film exhibition Film exhibition… and Other operations Unallocated FY2024 FY2023 agribusiness Consumer… products distribution Property corporate expenses Unallocated … Film exhibi
Slide 9: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 8
Slide 10: Performance review - Grains and agribusiness
Performance review - Grains and agribusiness Segment revenue (RM’mil) 4,256 7% Segment revenue decreased by 7% to RM3.95 billion. 4,500 3,949 4,000 938 Excluding contribution from divested Indonesia flour 3,500 1,064 operations, segment revenue increased by 4%. 3,000 2,500 4Q 2,000 1,500 3,318 2
Slide 11: Performance review - Consumer products
Performance review - Consumer products Segment revenue (RM’mil) Segment revenue increased by 3% to RM784 million. 900 761 784 800 3% 700 185 202 600 500 4Q 400 300 576 582 9M 200 100 - FY2023 FY2024 Segment profit (RM’mil) The segment recorded a 75% decrease in profit to RM7 28 27 26 million, ma
Slide 12: Performance review - Film exhibition and distribution
Performance review - Film exhibition and distribution Segment revenue (RM’mil) FY2024 revenue improved by 3% to RM587 million: 700 3% 587 • Film exhibition up 2% to RM567 million; and 600 570 • film distribution revenue up 34% to RM20 million. 500 107 148 400 4Q 300 200 463 439 9M 100 - FY2023 FY2
Slide 13: Performance review - Property
Performance review - Property Segment revenue (RM’mil) Segment revenue for FY2024 was lower by 56%: 140 117 56% 120 • absence of revenue recognised for the sold units at the 100 30 Megah Rise residential project; partially offset by 80 4Q 60 52 • revenue from malls increased by 16% to RM40 million
Slide 14: Performance review - Other operations
Performance review - Other operations Segment revenue (RM’mil) 18.0 16 Lower segment revenue by 14% to RM14 million. 16.0 14% 14 14.0 2 12.0 4 10.0 4Q 8.0 6.0 14 9M 4.0 10 2.0 - FY2023 FY2024 Segment profit (RM’mil) Segment profit decreased by 25% to RM1.0 billion: 1,600 1,371 • lower contributi
Slide 15: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment business Key events updates and developments for 1H2024 Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 14
Slide 16: Key business updates – Consumer products (new products)
Key business updates – Consumer products (new products) V-Soy Cocoa UHT 200ml Star Brand flavourings Toast Mate line of kaya (bundle of 4) (Vanilla Mocha, Tiramisu and spreads (Traditional Kaya Butter Caramel) and Pandan Kaya) Bibigo brand of food products Re-launched the Divino New Divi
Slide 17: Key business updates - Film exhibition and distribution
Key business updates - Film exhibition and distribution The Group currently has 51% market share in Malaysia and owns 40% equity interest in Galaxy Studio, the third largest cinema chain in Vietnam. No. of No. of locations screens GSC, Malaysia As at 1 January 2024 55 520 Add: New cinemas opened (
Slide 18: 2025 Movie Line-up
CLOSE UR KOPITIAM KELUANG MAN MEGAN 2.0 4 co-production movies to be released in 2H 2025: Legasi Bomba The Movie Magic Rompak CREATION OF PENGANTIN Memori NE ZHA 2 ELIO GODS II IBLIS PABRIK GULA EJEN ALI 2 Badak Some of the most anticipated releases in 2H 2025: MISSION: HOW TO Superman
Slide 19: Key business updates – Property
Key business updates – Property New Launch: Lumina Bedong, Kedah • Single-storey terraces • Freehold • Approx RM67mil GDV • 221 units (Soft launch of Phase 1A: 125 units in Dec’24) • Price range at RM266,000 – RM438,000 Page | 18
Slide 20: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 19
Slide 21: Capital and other commitments by segments
Capital and other commitments by segments RM352 mil RM250 mil RM64 mil RM30 mil Grains & Agribusiness Film Exhibition & Consumer Products & Property Distribution Others • Shareholders’ loan • Refurbishment of commitment in China • New cinema sites in • System upgrade and investment properties flour
Slide 22: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key Takeaways Page | 21
Slide 23: Dividend
Dividend Dividend History 2024 Final Dividend 50 60% 46 45 40 40 42 42 50% 30 35 16 35 49% Sen per share 43% 40% 30 33% 25 28 30 30 30% 32% 25 20 22 26% ENTITLEMENT DATE 15 20% 20 May 2025 10 10% 5 10 12 12 12 8 - 0% 2020 2021 2022 2023 2024 PAYMENT DATE Interim Final Special Total Dividend payout r
Slide 24: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 23
Slide 25: Status of Shariah Compliance
Status of Shariah Compliance Based on an updated list of shariah-compliant securities issued by the Securities Commission's Shariah Advisory Council dated 29 November 2024, PPB remained as a shariah-compliant stock. Page | 24
Slide 26: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 25
Slide 27: Key Sustainability Highlights
Key Sustainability Highlights Completed 6.25 MWp 5.2 mil kWh from of solar projects, total Revised materiality solar energy with an matrix and conducted investment close to estimated 4,000 RM15 mil at eight climate risk tCO 2 e avoided. assessment. locations FY2023: 4MWp; RM10.9 mil FY2023: 3.7 mil
Slide 28: Agenda
AGENDA Performance highlights Overview of financial results Performance review by business segment Key business updates Capital and other commitments Dividend Shariah-compliance status Key sustainability highlights Key takeaways Page | 27
Slide 29: Key takeaways – Grains and agribusiness
Key takeaways GRAINS AND AGRIBUSINESS Prospects Confident to navigate and manage the ongoing challenges in the global grain market, including adverse weather conditions in key grain-producing regions, evolving government policies, shifting trade dynamics and economic pressures. Leveraging our
Slide 30: Key takeaways – Consumer products
Key takeaways CONSUMER PRODUCTS Prospects Continue to expand product range and strengthen market presence to enhance distribution efficiency amid rising operating costs. On the back of a well-established distribution network, robust logistics infrastructure, and resilient household spending in
Slide 31: Key takeaways – Film exhibition and distribution
Key takeaways FILM EXHIBITION AND DISTRIBUTION Prospects Narrow loss in the fourth quarter, as box office performance continued its upward trend, signalling steady recovery in moviegoing interest. With a stronger lineup of movie releases expect future recovery in 2025. Focusing on cost optim
Slide 32: Key takeaways – Property and other operations
Key takeaways PROPERTY Prospects Launched Lumina Bedong development. Other development projects are in various planning stages, enhancing mall performance remains as key priority for 2025. Key priorities Intensify Asset Enhancement Initiatives of Cheras LeisureMall to drive footfall and im
Slide 33: Thank you
Disclaimer Information in this presentation may contain projections and forward looking statements that reflect the Company’s current views with respect to future events and financial performance. These views are based on current assumptions which are subject to various risks and which may change ov