1H and Q2 FY2023 Results Announcement
Analyst Briefing: First Half and Q2 ended 31 December 2022
February 2023
Sime Darby Berhad Group Results
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FY2023 Financial Results
Reported Profit: Quarter ended 31 December 2022
In RM Million | Q2 FY2023 | Q2 FY2022 | YoY % |
Revenue | 11,292 | 10,492 | 7.6 |
PBIT | 421 | 494 | (14.8) |
Finance income | 12 | 8 | |
Finance costs | (68) | (33) | |
Profit before tax | 365 | 469 | (22.2) |
Taxation | (103) | (109) | |
Profit from continuing operations | 262 | 360 | (27.2) |
Non-controlling interests | (7) | (30) | |
Net profit from continuing operations | 255 | 330 | (22.7) |
Net profit from discontinued operations | 134 | 15 | |
Net profit attributable to owners of the Company | 389 | 345 | 12.8 |
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FY2023 Financial Results
Core Profit: Quarter ended 31 December 2022
In RM Million | Q2 FY2023 | Q2 FY2022 | YoY % |
Reported PBIT from continuing operations | 421 | 494 | (14.8) |
Adjustment: | |||
• Forex gain on settlement of net investment | (12) | - | |
Core PBIT from continuing operations | 409 | 494 | (17.2) |
Net finance costs | (56) | (25) | |
Taxation | (103) | (109) | |
Non controlling interests | (7) | (30) | |
Core Net Profit from continuing operations | 243 | 330 | (26.4) |
Core Net Profit from discontinued operations | 81 | 15 | |
Core Net Profit | 251 | 345 | (27.2) |
Adjustment:
1. Excludes net gain on disposal of the Weifang port companies and adjustments for depreciation, impairment and deferred tax (total of RM126m)
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FY2023 Financial Results
Segmental PBIT: Quarter ended 31 December 2022
Q2 FY2023 | Q2 FY2022 | Reported | Core PBIT | |||||
In RM Million | PBIT | |||||||
YoY % | YoY % | |||||||
Reported | Adjustments | Core | Reported | Adjustments | Core | |||
PBIT | PBIT | PBIT | PBIT | |||||
Continuing operations | ||||||||
Industrial | 224 | - | 224 | 213 | - | 213 | 5.2 | 5.2 |
Motors | 151 | - | 151 | 284 | - | 284 | (46.8) | (46.8) |
Healthcare | 16 | - | 16 | 11 | - | 11 | 45.5 | 45.5 |
Others | 43 | - | 43 | 7 | - | 7 | >100.0 | >100.0 |
Corporate | (25) | - | (25) | (21) | - | (21) | (19.0) | (19.0) |
Forex | 12 | (12) | - | - | - | - | ||
PBIT from | ||||||||
continuing | 421 | (12) | 409 | 494 | - | 494 | (14.8) | (17.2) |
operations | ||||||||
PBIT from | 130 | (122)1 | 8 | 9 | - | 9 | >100.0 | (11.1) |
discontinued | ||||||||
operations | ||||||||
PBIT | 551 | (134) | 417 | 503 | - | 503 | 9.5 | (17.1) |
Adjustment:
1. Net gain on disposal of the Weifang port companies and adjustments for impairment and depreciation
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