Mewah International Inc. · SGX:MV4
Mewah International — Q2 2016 Earnings Presentation
16 slides from Mewah International's earnings presentation, Aug 12, 2016
Slide 1: Q2 2016 & H1 2016 Financial Results Summary
12th Aug, 2016 Q2 2016 & H1 2016 Financial Results Summary Mewah International Inc.
Slide 2: Notice
Notice This presentation should be read in conjunction with Mewah International Inc.’s Unaudited Financial Statements for the Second Quarter and Half Year Ended 30 June 2016 lodged on the SGXNET on 12th Aug, 2016. 2
Slide 3: Performance Summary
Performance Summary In US$ million Q2 H1 2016 2015 % 2016 2015 % Sales volume (MT'000) 1,123.2 965.4 16.3% 2,217.3 1,897.0 16.9% Revenue 834.4 692.8 20.4% 1,545.8 1,384.5 11.6% Net profit * 1.9 1.1 74.5% 4.8 3.3 44.5% • Profit after tax attributable to equity holders of the Company • Include provisi
Slide 4: CPO Prices - Ringgit Malaysia (RM)
Income Statement | CPO prices vs. OM per MT 900 Year 2015 H1 2016 3,000 CPO Price (RM) CPO Price (US$) 800 Operating margin (%) OM per MT (US$) 2,500 700 CPO Prices - Ringgit Malaysia (RM) 600 2,000 500 4.6% 1,500 CPO Prices - US$ 400 3.5% 3.4% 3.5% 3.6% 2.9% 300 1,000 200 26.0 29.0 26.8 24.5 23.1 5
Slide 5: Income Statement | Q2 and H1 2016
Income Statement | Q2 and H1 2016 In US$ million, unless stated otherwise Q2 2016 Q2 2015 % change Q1 2016 % change H1 2016 H1 2015 % change Sales volume (MT'000) 1,123.2 965.4 16.3% 1,094.1 2.7% 2,217.3 1,897.0 16.9% ASP (US$) 742.8 717.6 3.5% 650.2 14.2% 697.1 0.7 -4.1% Revenue 834.4 692.8 20.4% 7
Slide 6: Sales Volume & Revenue
Sales Volume & Revenue Sales Volume In Thousand MT 1,139.5 1,094.1 1,123.2 Consumer Packs 965.4 931.6 275.6 234.9 Bulk 846.5 232.9 206.2 252.7 276.8 863.9 861.2 888.3 725.4 712.7 569.7 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Revenue In US$ million 834.4 Consumer Pack 746.6 Bulk 692.6 692.8 7
Slide 7: Revenue | Geographical spread | Total Sales
Revenue | Geographical spread | Total Sales Q2 2016 H1 2016 Middle East, Rest of Asia, 14% 21% Middle East, Americas, 7% Rest of Malaysia/ Malaysia/ Europe , 16% 21% Asia, 24% Singapore, Other, 31% Singapore, Other, 30% Europe , 14% Americas, 7% 69% 70% Africa, 31% Pacific Africa, 33% Pacific Oceani
Slide 8: Revenue | Geographical spread | Bulk Sales
Revenue | Geographical spread | Bulk Sales Q2 2016 H1 2016 Middle East, Americas Europe, 17% 16% 7% Europe Middle East Malaysia/ Americas, 8% Malaysia/ Others 14% 32% Singapore, Other, 12% Singapore 13% Pacific Oceania Pacific Oceania, 87% 88% Rest of Asia, 54% 5% Rest of Asia 6% 41% Q2 2016 H1 2016
Slide 9: Revenue | Geographical spread | Consumer Pack Sales
Revenue | Geographical spread | Consumer Pack Sales Q2 2016 H1 2016 Africa Africa Malaysia/ 47% Malaysia/ 46% Singapore Others Middle East Singapore Others Middle East 8% 92% 13% 8% 92% Pacific Oceania 16% Pacific Oceania 6% 6% Rest of Asia Rest of Asia Americas 12% Americas Europe 11% 7% Europe 7%
Slide 10: Segmental Performance | Q2 and H1 2016
Segmental Performance | Q2 and H1 2016 YOY QOQ YOY Q2 2016 Q2 2015 Change Q1 2016 Change H1 2016 H1 2015 Change Bulk segment Sales volume (MT’000) 888.3 712.7 24.6% 861.2 3.1% 1,749.5 1,438.1 21.7% Average selling prices (US$) 725.8 684.6 6.0% 631.0 15.0% 679.1 695.5 -2.4% Revenue (US$’million) 644.
Slide 11: Balance Sheet | Summary
Balance Sheet | Summary In US$ million 31 Dec 2015 30 Jun 2016 807.7 807.7 Current 33.7% 726.2 726.2 net debt Current 26.1% Working Capital 272.5 net debt Working 476.6 Capital 189.3 Non-current net debt 6.3% Non-current net debt 5.6% 372.7 40.5 50.5 Equity Equity Long-term 484.7 60.0% Long-term 496
Slide 12: Balance Sheet | Summary
Balance Sheet | Summary In US$ million 726.2 726.2 Current net debt 189.3 50.8% Working capital 372.7 51.3% Equity 183.4 49.2% 40.5 Non-current debt 11.5% Long-term investments 353.5 Equity 48.7% 313.0 88.5% Investment Capital Actual Actual Debt / Equity Ratio H1 2016 FY 2015 Objective Long-term inv
Slide 13: Balance Sheet | Liquidity
Balance Sheet | Liquidity Gross debt to equity Non-current debt repayment schedule Year 2 15.8 Year 3 15.9 0.76 0.62 Year 4 7.3 0.58 0.48 Year 5 1.5 2013 2014 2015 H1 2016 Total 40.5 In US$ million Net debt to equity Trade finance facilities utilisation Utilised % Facility 597.5 Utilised 216.4 36.2%
Slide 14: Cycle time
Cycle time Inventory days Trade receivable days 34 31 33 49 26 31 34 29 2013 2014 2015 H1 2016 2013 2014 2015 H1 2016 Trade payable days Cycle time 2013 2014 2015 H1 2016 (14) (12) (17) (17) 68 47 48 43 2013 2014 2015 H1 2016 Cycle time is calculated as Inventory days + Trade receivable days – Trade
Slide 15: Cash Flows Statement | Summary
Cash Flows Statement | Summary In US$ million Q2 2016 Q2 2015 H1 2016 H1 2015 Operating cash flows before working capital changes 16.2 8.6 19.9 19.2 Changes in operating assets and liabilities 117.7 (18.6) 108.2 74.2 Net interest and income tax payment (4.5) (3.0) (9.6) (5.2) Net cash flows (used in
Slide 16: Thank you
Thank you Any questions, contact: Rajesh Chopra, Group Chief Financial Officer Ph: (65) 6829 5255| mail: rajesh@mewahgroup.com 16