Sime Darby Bhd. · MYX:SIME
Sime Darby Bhd — Q1 FY2020 Earnings Presentation
19 slides from Sime Darby Bhd's earnings presentation, Nov 26, 2019
Slide 1: FY2020 Results Announcement
FY2020 Results Announcement Analyst Briefing: First Quarter ended 30 September 2019 26 Nov 2019
Slide 2: Group Results
Sime Darby Berhad Group Results
Slide 3: FY2020 Financial Results: Reported Profit
FY2020 Financial Results Reported Profit: Quarter ended 30 September 2019 In RM Million Q1 FY2020 Q1 FY2019 YoY % Revenue 9,476 8,845 7.1 PBIT 380 352 8.0 Finance income 11 9 Finance costs (39) (30) Profit before tax 352 331 6.3 Taxation (93) (93) Profit after tax 259 238 8.8 Non-controlling interes
Slide 4: FY2020 Financial Results: Core Profit
FY2020 Financial Results Core Profit: Quarter ended 30 September 2019 In RM Million Q1 FY2020 Q1 FY2019 YoY % Reported PBIT 380 352 8.0 Adjustments • Fair value loss/(gain) on financial assets (MES) 4 (3) • Impairment of equity interest in E&O 16 35 • Gain on disposal of Weifang Water - (78) • Net c
Slide 5: FY2020 Financial Results: Segmental PBIT
FY2020 Financial Results Segmental PBIT: Quarter ended 30 September 2019 Q1 FY2020 Q1 FY2019 Reported Core In RM Reported Core Reported Core PBIT PBIT Million Adjustments Adjustments PBIT PBIT PBIT PBIT YoY % YoY % Industrial 260 41 264 184 (3)1 181 41.3 45.9 Motors 134 - 134 105 - 105 27.6 27.6 Log
Slide 6: Snapshot of borrowings position
FY2020 Results Announcement Snapshot of borrowings position as at 30 September 2019 Long Term vs Short Term Borrowings Total Borrowings 5,409 1,626 2,575 178 2,397 3,783 30 June 2019 30 September 2019 RM5.4bn As at 30 September 2019 ST Borrowings LT Borrowings RM14.6bn 37.02% RM1.9bn Bank balances,
Slide 7: Segmental Results
Sime Segmental Results
Slide 8: Industrial Division
Industrial Division Sales and profits increased in Australasia and China Australasia +24.3% +41.3% 3,996 260 • Higher equipment deliveries to both mining and construction sectors. 3,216 184 • Contribution from Hardchrome Sep 2019 – RM7m. • Results partly offset by the weakening of AUD/MYR by 4% from
Slide 9: Industrial Outlook
Industrial Outlook Outlook remains positive AUSTRALASIA • Growth in mining industry in Asia Pacific region RM2,381m RM2,486m propelling demand for both mining equipment Order book as at +4% Order book as at replacement cycles and expansions. 30 June 2019 30 September 2019 • Higher machine utilisatio
Slide 10: Motors Division
Motors Division Higher margins in China as a result of lower discounting China, HK, Macau, Taiwan -2.0% +27.6% 5,516 5,408 • Higher units of vehicles sold mainly from BMW China. 134 • Overall margin improved as a result of lower discounting, 105 higher margin contributions from new vehicles sales an
Slide 11: Motors Outlook
Motors Outlook New models in premium segment to spur growth despite challenging market environment 2,346 2,236 4,867 3,811 20,428 Units Sold (Q1 FY2019: 22,322) Units Sold Units Sold Q1 3,546 Q1 FY2019 FY2020 5,056 10,053 10,835 4,063 Units Assembled (Q1 FY2019: 10,251) Australasia China Malaysia SE
Slide 12: Motors Outlook: Upcoming model launches
Motors Outlook Upcoming model launches expected to boost sales in 2QFY2020 Ford Ranger Splash Hyundai i30N Nov 2019 December 2019 Porsche Cayenne Coupe Ferrari SF90 Stradale December 2019 December 2019 11
Slide 13: Logistics and Healthcare
Logistics and Healthcare Excluding Weifang Water, Logistics recorded higher profit from higher bulk throughput Logistics Healthcare -22.5% -93.3% Ports 80 15 15 89 • Higher bulk cargo throughput 62 at Weifang Port • Offset by higher share of loss from associates and JVs of RM6m (Q1 FY2019 profit of
Slide 14: 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 15: Thank you
Sime Thank you 14
Slide 16: Appendices
Sime Appendices
Slide 17: 1Q FY2020 External Revenue by Region
1Q FY2020 Results Announcement ended 30 September 2019 1Q FY2020 External Revenue by Region In RM Million 1Q FY2020 1Q FY2019 YoY % Industrial Malaysia 264 303 (12.9) SE Asia ex Malaysia 200 157 27.4 China/HK 1,084 769 41.0 Australa/NZ 2,448 1,987 23.2 3,996 3,216 24.3 Motors Malaysia 860 1,188 (27.
Slide 18: 1Q FY2020 PBIT by Region
1Q FY2020 Results Announcement ended 30 September 2019 1Q FY2020 PBIT by Region In RM Million 1Q FY2020 1Q FY2019 YoY % Industrial Malaysia 12 (4) 400.0 SE Asia ex Malaysia 18 13 38.5 China/HK 42 35 20.0 Australasia 188 140 34.3 260 184 41.3 Motors Malaysia 31 39 (20.5) Singapore/Thailand 1 12 (91.7
Slide 19: Thank you
Sime Thank you