Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — FY2020 Earnings Presentation
23 slides from Sime Darby Bhd's earnings presentation, Aug 27, 2020
Slide 1: FY2020 Results Announcement
FY2020 Results Announcement Analyst Briefing: Fourth Quarter Ended 30 June 2020 27 Aug 2020
Slide 2: Sime Darby Berhad Group Results
Sime Darby Berhad Group Results
Slide 3: FY2020 Financial Results: Reported Profit
FY2020 Financial Results Reported Profit: Financial year ended 30 June 2020 In RM Million FY2020 FY2019 YoY % Revenue 36,934 36,156 2.2 PBIT 1,407 1,383 1.7 Finance income 51 32 Finance costs (183) (124) Profit before tax 1,275 1,291 (1.2) Taxation (402) (281) Profit after tax 873 1,010 (13.6) Non-c
Slide 4: FY2020 Financial Results: Core Profit
FY2020 Financial Results Core Profit: Financial year ended 30 June 2020 In RM Million FY2020 FY2019 YoY % Reported PBIT 1,407 1,383 1.7 Adjustments • Fair value loss on financial assets (MES) 72 47 • Reversal of impairment on PNG assets (32) - • Motors net impairment of leasehold land 26 - • Motors
Slide 5: FY2020 Financial Results: Segmental PBIT
FY2020 Financial Results Segmental PBIT: Financial year ended 30 June 2020 FY2020 FY2019 Reported Core PBIT PBIT In RM Million Reported Core Reported YoY % YoY % Adjustments Adjustments Core PBIT PBIT PBIT PBIT Industrial 967 401 1,007 798 195 817 21.2 23.3 Motors 574 262 600 628 (12)6 616 (8.6) (2.
Slide 6: FY2020 Financial Results: Regional Contribution
FY2020 Financial Results Regional Contribution: Financial year ended 30 June 2020 Revenue Breakdown PBIT Breakdown Malaysia, Australasia, 12% Australasia, Malaysia, SE Asia 55% 13% 36% ex SE Asia Malaysia, ex 12% Malaysia, 6% China/H K, 40% China/HK, 26% Malaysia SE Asia ex Malaysia China/HK Austral
Slide 7: FY2020 Financial Results: Reported Profit Quarter
FY2020 Financial Results Reported Profit: Quarter ended 30 June 2020 In RM Million Q4 FY2020 Q4 FY2019 QoQ % Revenue 8,821 9,323 (5.4) PBIT 315 367 (14.2) Finance income 18 8 Finance costs (47) (31) Profit before tax 286 344 (16.9) Taxation (97) (142) Profit after tax 189 202 (6.4) Non-controlling i
Slide 8: FY2020 Financial Results: Core Profit Quarter
FY2020 Financial Results Core Profit: Quarter ended 30 June 2020 In RM Million Q4 FY2020 Q4 FY2019 YoY % Reported PBIT 315 367 (14.2) Adjustments • Fair value loss/(gain) on financial assets (MES) 61 (1) • Reversal of impairment on PNG assets (32) - • Motors net impairment of leasehold land 26 - • M
Slide 9: FY2020 Financial Results: Segmental PBIT Quarter
FY2020 Financial Results Segmental PBIT: Quarter ended 30 June 2020 Q4 FY2020 Q4 FY2019 Reported Core PBIT PBIT In RM Million YoY % YoY % Reported Reported PBIT Adjustments Core PBIT Adjustments Core PBIT PBIT Industrial 204 291 233 212 (11)5 201 (3.8) 15.9 Motors 194 262 220 276 46 280 (29.7) (21.4
Slide 10: Snapshot of borrowings position as at June 2020
FY2020 Financial Results Snapshot of borrowings position as at 30 June 2020 Long Term vs Short Term Debt Total Debt 5,576 -27.4% LT Debt: 1,397 1,533 4,045 136 338 1438 LT Debt: 1,548 110 ST Debt: 376 4,043 3,705 ST Debt: RM4.0bn 2,121 2,497 As at 30 Jun 2020 31-Mar-20 30-Jun-20 ST Borrowings ST Lea
Slide 11: Segmental Results
Sime Darby Segmental Results
Slide 12: Industrial Division
Industrial Division Profits supported by strong results from Australia and China Australasia +11.9% 15,794 • Higher equipment deliveries to both mining and construction 14,113 +21.2% sectors. 967 • Profit contribution from Hardchrome FY2020 – RM26m vs 798 Jun-19 FY2019 – RM15m (acquired in Dec 2018)
Slide 13: Industrial Outlook
Industrial Outlook Order book decreased by 9% from March 2020 Malaysia • Stimulus package announced in Mar 2020 is expected to RM2,441m RM2,222m boost the construction sector with the confirmation that the Order book as at -9% Order book as at government will continue to implement large-scale projec
Slide 14: Motors Division
Motors Division Higher profits in the Greater China region -3.5% China, HK, Macau & Taiwan 21,606 20,852 -8.6% • Higher profit supported by strong performance in the first half of 628 the financial year and strong recovery in the fourth quarter. 574 • Higher profit at BMW China operations mainly due
Slide 15: Motors Outlook
Motors Outlook Sales in China expected to be significantly affected by the coronavirus outbreak 9,093 17,404 12,564 10,748 79,241 Units Sold Units Sold Units Sold (FY2019: 86,906) 13,477 FY2019 FY2020 16,872 43,537 42,452 23,831 Units Assembled (FY2019: 37,210) Australasia China Malaysia SE Asia Sou
Slide 16: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected in 1H FY2021 BMW 5 Series Sedan KIA Sorento China – Oct 2020 Ta i w a n – N o v 2 0 2 0 BMW X3M X4M BMW 2 Series Grand Coupé Malaysia – Aug 2020 HK – Aug 2020 15
Slide 17: Logistics and Healthcare
Logistics and Healthcare Losses for Logistics due to lower throughput, share of loss from joint ventures and impairments Logistics Healthcare Ports -22.6% 283 -4,800.0% -20.4% • Measures put in place by 219 2 China to control the 49 Jun-19 coronavirus outbreak, 39 PBIT Jun-20 environmental inspectio
Slide 18: Disclaimer
Disclaimer This presentation does not constitute and is not an offer to sell or the solicitation of an offer to buy securities of any company referred to in this presentation in the United States or elsewhere. The companies referred to herein have not registered and do not intend to register any sec
Slide 19: Thank you
Sime Thank you
Slide 20: Appendices
Sime Darby Appendices
Slide 21: 4Q FY2020 External Revenue by Region
4Q FY2020 Results Announcement ended 30 June 2020 4Q FY2020 External Revenue by Region In RM Million 4Q FY2020 4Q FY2019 YoY % Industrial Malaysia 153 268 (42.9%) Southeast Asia ex Malaysia 128 156 (17.9%) China/HK 1,406 1,074 30.9% Australia/NZ 2,414 2,268 6.4% 4,101 3,766 8.9% Motors Malaysia 564
Slide 22: 4Q FY2020 PBIT by Region
4Q FY2020 Results Announcement ended 30 June 2020 4Q FY2020 PBIT by Region In RM Million 4Q FY2020 4Q FY2019 YoY % Industrial Malaysia (6) 19 (131.6%) Southeast Asia ex Malaysia 10 17 (41.2%) China/HK 83 53 56.6% Australasia 117 123 (4.9%) 204 212 (3.8%) Motors Malaysia 123 154 (20.1%) Singapore/Tha
Slide 23: Thank you
Sime Thank you