Hap Seng Consolidated Bhd. · MYX:HAPSENG

Hap Seng Consolidated Bhd — Q2 2013 Earnings Presentation

15 slides from Hap Seng Consolidated Bhd's earnings presentation, Aug 19, 2013

1. Slide 1: 2nd Quarter Ended 30th June 2013 Results

   2nd Quarter Ended 30th June 2013 Results 19th August 2013

2. Slide 2: Scope

   Scope 1 Group financials 2 Operations review 1

3. Slide 3: Group financials

   SECTION 1 © Group financials @ HAP SENG CONSOLIDATED BERHAD

4. Slide 4: Consolidated income statement summary

   Consolidated income statement summary  Group’s revenue was lower by 14% in 2Q 2013 over the same Change YTD 1H YTD 1H Change quarter in 2012 partly due to the (RM’ Million) 2Q 2013 2Q 2012 (%) 2013 2012 (%) following:- Revenue 826.8 962.5 -14% 1,619.2 1,813.0 -11%  Lower contribution from Plantati

5. Slide 5: Group segment results

   Group segment results REVENUE OPERATING PROFIT REVENUE OPERATING PROFIT 2Q 2Q Change 2Q 2Q Change 1H 1H Change 1H 2H Change (RM’ Million) 2013 2012 (%) 2013 2012 (%) 2013 2012 (%) 2013 2012 (%) Plantations 84.0 117.5 -28% 11.5 43.9 -74% 185.4 241.5 -23% 39.6 102.7 -61% Property 83.6 136.6 -39% 22.31

6. Slide 6: Group segment results

   Group segment results Revenue Operating Profit * Geographical Segment 2Q 2013 2Q 2013 2Q 2013 Revenue Plantations Quarry & Trading Building 9.8% 13.1% Credit Materials Indonesia Financing 5.3% 9.9% Property 30.3% Quarry & 9.7% Building Vietnam Trading 3.6% Materials 0.9% 10.0% Others Automotive Fert

7. Slide 7: Operations review

   SECTION 2 © Operations review @ HAP SENG CONSOLIDATED BERHAD

8. Slide 8: Plantations

   Plantations Performance a reflection of low production cycle period and low CPO prices  Revenue in the 2nd Quarter of 2013 declined by 28% on the back of the following factors:-  Softening in average price realisation for CPO and PK (CPO: RM2,284 /MT vs. RM3,208 /MT; PK: RM1,154 /MT vs. RM1,852 /M

9. Slide 9: Property

   Property Stable project sales supported by new projects in the pipeline  Revenue and operating profit for the quarter under review declined by 39% and 75% respectively mainly due to the sale of certain non-strategic lproperties in 2Q 2012.  Normalised revenue continues to grow by 39.5% on the back

10. Slide 10: Automotive

    Automotive Division continues on an expansion mode to support customer base  Revenue for 2Q 2013 declined by 23% on the back of lower sales of Mercedes-Benz passenger vehicles.  Total vehicle sales volume for the quarter under review declined by 33% due to lower sales in Malaysia.  However, sales

11. Slide 11: Fertilizers

    Fertilizers Improvement in volume offsets impact of dampened fertilizer prices  Revenue in the 2nd quarter is marginally lower by 6% due to lower selling prices in both the Malaysian and Indonesian market. Sales volume for the quarter under review has however increased by 6% and 1% in Malaysia and

12. Slide 12: Credit financing

    Credit financing Stable performance backed by robust credit risk management  Revenue and operating profit for the quarter under review declined marginally by RM0.9 million and RM0.8 million respectively.  Marginally lower average net interest margin partly due to a shift in loan composition  Loan

13. Slide 13: Quarry and Building Materials

    Quarry and Building Materials Improvements in sales volume and price dampened by lower margins  2Q 2013 revenue continued to grow by 25% as a result of growth in sales volume and average selling price:-  Aggregates sales increased by 28%, to RM60.6 million due to higher selling prices, on the back

14. Slide 14: Trading

    Trading Improvement in sales resulted in continuous growth in operating profits  Revenue for 2Q 2013 was marginally lower by 6% as a result of the discontinuation of its tiles distributorship in the last quarter of 2012. However, sales excluding MML tiles grew by 33% in 2Q 2013.  Building material

15. Slide 15: Thank You

    Thank You @ HAP SENG CONSOLIDATED BERHAD

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