Hap Seng Consolidated Bhd. · MYX:HAPSENG
Hap Seng Consolidated Bhd — Q4 2023 Earnings Presentation
15 slides from Hap Seng Consolidated Bhd's earnings presentation, Feb 29, 2024
Slide 1: 4th Quarter Ended 31 December 2023 Results
4th Quarter Ended 31 December 2023 Results 29th February 2024
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 4Q23 and FY2023 revenue at RM1.31b FY FY (RM’ Million) 4Q23 4Q22 Change Change and RM6.09b were both below last year by 27% and 2023 2022 14% respectively. 4Q23 revenue was affected by Revenue 1,309.1 1,791.0 (27%) 6,086.1 7,110.5 (14%) lower contr
Slide 5: Group segment results
Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT (RM’ Million) FY FY FY FY 4Q23 4Q22 Change 4Q23 4Q22 Change Change Change 2023 2022 2023 2022 Plantation 174.6 143.6 22% 27.2 28.5 (5%) 667.8 814.6 (18%) 123.4 266.9 (54%) 1 Property 145.5 124.1 17% (47.3) 47.4 (200%) 494.1 523.
Slide 6: Group segment results – 4th Quarter
Group segment results – 4th Quarter Plantation Building Materials 12% Building Materials, 41% Plantation 18% 16% Property 10% Revenue Credit Operating 4Q23 4% Profit 4Q23 Credit 24% Trading 41% Automotive Automotive 15% Trading, 16% 3% Building Plantation Materials 8% Property Building Materials, 18
Slide 7: Group segment results – Full Year
Group segment results – Full Year Plantation Building Materials 10% Plantation 15% 16% Property Building Materials 8% 28% Credit Revenue 3% Operating Credit FY 2023 Profit 20% FY 2023 Trading 43% Trading 28% Automotive Automotive 8% 21% Building Building Materials, 13% Plantation Materials 11% 10% P
Slide 8: Operations Review
SECTION 2 Operations Review
Slide 9: Plantations
Plantations Full Year results dampened by lower average selling prices and higher production costs ❑ 4Q23 revenue was higher than last year by 22% mainly due to higher sales 4Q Revenue FY Revenue volume of CPO and PK by 32% and 10% respectively. 4Q22 CPO sales volume was affected by timing of delive
Slide 10: Property Investment and Development
Property Investment and Development Results affected by FVA and property stock write down 4Q Revenue FY Revenue ❑ The Division’s revenue for 4Q23 was higher than last year by 17% with higher contribution from all business segments. RM’ Mil 145.5 RM’ Mil 523.9 However, FY2023 revenue was lower than l
Slide 11: Credit Financing
Credit Financing Cautious lending and higher provision for loan impairment ❑ The Division continues to consolidate its operations with 4Q Revenue FY Revenue prudent measures to manage risks and uncertainties RM’ Mil RM’ Mil surrounding its sectors of financing. 80 62.8 300 230.8 241.7 ❑ Consequently
Slide 12: Automotive
Automotive Agency business model for new PV effective September 2023 ❑ The Division registered lower 4Q23 and FY2023 revenue by 59% and 4Q Revenue FY Revenue 21% respectively with lower contribution from the passenger vehicles RM’ Mil RM’ Mil 1,748.7 (“PV”) segment. FY2023 revenue was also affected
Slide 13: Trading
Trading Fertilizer Trading results dampened by lower selling prices ❑ The Division comprises the fertilizers trading (“FT”) and general trading 4Q Revenue FY Revenue (“GT”) businesses. In the current year, the Division reorganized its ceramic tiles business under Malaysian Mosaics Sdn Bhd (“MMSB”) t
Slide 14: Building Materials
Building Materials Positive contributions from both QBM and Hafary ❑ The Division comprises the quarry, asphalts and bricks 4Q Revenue FY Revenue businesses (“QBM”); and trading of building materials by Hafary which now also includes the retail-distribution of ceramic tiles RM’ Mil 262.3 RM’ Mil 300
Slide 15: Thank You
@ HAP SENG Soin
Hap Seng Consolidated Berhad — Q4 2023 Earnings Presentation on 6ix