SMRT Holdings Berhad · MYX:SMRT
SMRT Holdings Berhad — H1 FY2012 Earnings Presentation
14 slides from SMRT Holdings Berhad's earnings presentation, Oct 28, 2011
Slide 1: 2Q and 1H FY2012 Financial Results
2Q and 1H FY2012 Financial Results Analysts and Media Briefing 28 October 2011 1
Slide 2: Group Highlights
Group Highlights ($m) 2QFY12 % chg 1HFY12 % chg Revenue 261.1 6.1% 514.2 6.8% Other op. income 4.8 25.2% 10.1 24.3% EBIT 42.1 24.9% 84.5 17.3% Profit after tax 34.1 25.6% 68.9 18.0% Interim dividend per share 1.75 cents 2
Slide 3: Business Updates: Circle Line
Business Updates: Circle Line Circle Line Stage 4 and 5 • Commenced operations on 8 October 2011. • Marina Bay and Bayfront extensions are expected to be opened in 2012 • 16 additional trains will be purchased and are expected to arrive around 2015 3
Slide 4: Business Updates: Commercial FY12
Business Updates: Commercial FY12 Stations that have been refurbished in FY12. • Orchard Xchange • Botanic Gardens • Holland Village • One North Stations that will be refurbished in the remainder of FY12 • Woodlands • Jurong East 4
Slide 5: Business Updates: Commercial FY12
Business Updates: Commercial FY12 Expected incremental revenue of $7 million in FY12 5
Slide 6: Group Highlights
Group Highlights ($m) 2QFY12 % chg 1HFY12 % chg 1HFY12 Highlights Higher MRT and Bus ridership, contribution from CCL, higher revenue Revenue 261.1 6.1% 514.2 6.8% from taxi, external fleet maintenance, rental and advertising partially offset by lower average fare for MRT and Bus Other op. Higher ot
Slide 7: Operating Expenditure
Operating Expenditure $m Staff cost – Increased CPF 85.0 contributions, salary adjustments Staff & related 7.2m 77.8 and higher headcount with opening of Circle Line Stages 4 & 5 31.1 Dep net Amort 1.0m R&M – More scheduled repairs and 30.1 maintenance for Train operations 20.4 R&M Energy – Higher a
Slide 8: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights Balance Sheet Highlights Cash Flow Movement As at 30 Sep 2011 2QFY12 $m Var ($m) $411.2m Total Assets 1,552 54 $111.9m* Cash 77 $299.2 Cash Cash Cash Inventory 2 inflow of outflow of outflow of $57.6m $67.7m $102.2m Interest in associates 4 PPE 9 Trade & other 8
Slide 9: Segmental Performance: Train
Segmental Performance: Train (m) (%) 180 13.3 14 Revenue ($m) EBIT ($m) 12.1 160 12.9 12 +6.0% 11.8 10 140 140.9 133.0 9.7 8 120 7.9 7.0 6 -24.7% 100 5.8 4 80 30.3 2 22.8 2.2 60 0 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 2QFY11 2QFY12 Total ridership yoy ridership growth • Revenue increased as a
Slide 10: Segmental Performance: Bus
Segmental Performance: Bus (m) (%) Revenue ($m) EBIT ($m) 90 9 7.6 +2.0% 80 8 7.7 6.3 7 70 55.8 6 54.7 6.6 60 5.6 5 50 4 4.6 40 3 2.9 2 30 -280.4% 1.7 1 20 0 10 -1 (0.7) 1.4 0 -2 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 2QFY11 2QFY12 -2.6 Total ridership yoy ridership growth • Revenue increased
Slide 11: Segmental Performance: Rental
Segmental Performance: Rental (‘000sqm) (%) Revenue ($m) EBIT ($m) 40 98.3 100 99.4 99.3 99.4 99.0 98 +7.3% 35 98.6 97.9 98.2 96 +8.7% 96.4 94 30 20.1 18.7 92 16.0 25 90 14.7 88 20 86 84 15 82 10 80 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 2QFY11 2QFY12 Total lettable area as at end quarter Aver
Slide 12: Segmental Performance: Others
Segmental Performance: Others 2QFY12 Revenue %chg EBIT %chg Highlights ($m) Higher staff and related costs, LRT 2.5 5.4% (0.1) 3,075.0% partially offset by higher revenue Higher depreciation and Taxis 28.9 24.7% 0.1 68.5% insurance cost, partially offset by higher revenue. Higher revenue partially o
Slide 13: Business Outlook
Business Outlook Quarter ahead and next 12 months Group Revenue • Expected to be higher compared to the corresponding period last year due to expected increase in ridership. With the opening of all CCL stages, the average weekday ridership for Circle Line has increased to about 300,000. • The 1% net
Slide 14: Thank You
THANK YOU Visit http://www.smrt.com.sg/investors/investors.asp for media releases, announcements and presentations 14