Hiap Teck Venture Bhd. · MYX:HIAPTEK

Hiap Teck Venture Bhd — Q2 FY2024 Earnings Presentation

11 slides from Hiap Teck Venture Bhd's earnings presentation, Apr 1, 2024

  1. Slide 1: Analysts' Briefing Q2 / FY 2024 Performance Review

    ANALYSTS’ BRIEFING Q2 / FY 2024 PERFORMANCE REVIEW 01 APRIL 2024

  2. Slide 2: Corporate Structure (31 January 2024)

    CORPORATE STRUCTURE (31 JANUARY 2024) Key Operating Units 2

  3. Slide 3: The Macro Environment

    THE MACRO ENVIRONMENT The Malaysian economy grew at 3.0% in 4Q 2023 slowing from 3.3% in 3Q. Full year 2023 growth normalized to 3.7% from 8.7% in the previous year. Steel prices have been relatively stable at the USD 600 level in 4Q 2023. it has shown weakness recently with HRC prices dropping to t

  4. Slide 4: HTVB Group Performance Review - 2Q FY24 vs 2Q FY23

    HTVB GROUP PERFORMANCE REVIEW - 2Q FY24 vs 2Q FY23 (corresponding quarter) (RM’M) 2Q FY24 2Q FY23 Variance  Revenue rose by 27%, driven mainly by an increase in sales volumes despite a drop in average selling prices. Revenue 459.5 360.6 27% Gross Profit 34.4 12.6 173%  Gross profit increased by 17

  5. Slide 5: HTVB Group Performance Review - 2Q FY2024 vs 1Q FY2024

    HTVB GROUP PERFORMANCE REVIEW - 2Q FY2024 vs 1Q FY2024 (preceding quarter)  Revenue increased by 13% due to higher sales (RM’M) 2Q FY24 1Q FY24 Variance volume. Revenue 459.5 407.5 13%  Gross profit increased primarily due to Gross Profit 34.4 20.4 69% improved profit margin from lower costs of GP

  6. Slide 6: Performance Chart - FY2022 to 2Q FY2024 GPM & Operating Margin

    PERFORMANCE CHART – FY2022 to 2Q FY2024 HTVB GROUP : GPM & OPERATING MARGIN  Negative GPM in 1Q FY2023 was due to higher cost of 11.8% inventory and RM27.3m write- 10.0% 8.7% 9.2% down of inventories to NRV. 7.5% 5.2% 5.9% 3.5% 5.0% 4.6%  After 3 consecutive quarters of 0.1% 2.0% upward trend for

  7. Slide 7: Eastern Steel Sdn. Bhd.

    Eastern Steel Sdn. Bhd. 7

  8. Slide 8: ESSB Performance Review - 2Q FY2024 vs 1Q FY2024

    ESSB PERFORMANCE REVIEW – 2Q FY2024 vs 1Q FY2024 (preceding quarter) (RM’M) 2Q FY24 1Q FY24 Variance  97% revenue increased is linked to increase in Volume (kMT) 477.8 237.5 101% sales volume. Revenue 1,205.9 611.6 97%  Gross Profit Margin (GPM) declined largely due Gross Profit to higher raw mate

  9. Slide 9: ESSB Performance Review - 2Q FY2024

    ESSB PERFORMANCE REVIEW – 2Q FY2024 Q2 FY2024 PRODUCT MIX Billet, 24% Slab, 76% 2024 YTD MARKET DISTRIBUTION Indonesia Japan Thailand 3% 3% 6% Cameroon 7% Turkey 58% Malaysia 23% 9

  10. Slide 10: Outlook - Cautious but Optimistic

    OUTLOOK – CAUTIOUS BUT OPTIMISTIC  The Group reported a net profit of RM 21.9 million in 2Q FY2024, mainly attributed to improved profit margins from downstream operating subsidiaries.  Despite challenges such as decreased demand in developed economies and China's economic slowdown, the steel indu

  11. Slide 11: Thank You

    HTVB THANK YOU

Hiap Teck Venture Berhad — Q2 FY2024 Earnings Presentation on 6ix