FY2023 Results Announcement
Analyst Briefing: Third Quarter ended 31 March 2023 24 May 2023
Sime Darby Berhad Group Results
1
FY2023 Financial Results
Reported Profit: 9 months ended 31 March 2023
In RM Million | 9M FY2023 | 9M FY2022 | YoY % |
Revenue | 35,002 | 31,651 | 10.6 |
PBIT | 1,225 | 1,287 | (4.8) |
Finance income | 47 | 28 | |
Finance costs | (206) | (102) | |
Profit before tax | 1,066 | 1,213 | (12.1) |
Taxation | (308) | (336) | |
Profit from continuing operations | 758 | 877 | (13.6) |
Non-controlling interests | (40) | (81) | |
Net profit from continuing operations | 718 | 796 | (9.8) |
Net profit from discontinued operations1 | 118 | 29 | |
Net profit attributable to owners of the Company | 836 | 825 | 1.3 |
1. The Logistics segment is classified as discontinued operations up to the completion of the Group's divestment of the entire equity interest in the Weifang port companies on 7 November 2022.
2
FY2023 Financial Results
Core Profit: 9 months ended 31 March 2023
In RM Million | 9M FY2023 | 9M FY2022 | YoY % |
Reported PBIT from continuing operations | 1,225 | 1,287 | (4.8) |
Adjustments: | |||
• Forex gain on settlement of net investment | (19) | - | |
• Income from legacy corporate exercise | - | (12) | |
Core PBIT from continuing operations | 1,206 | 1,275 | (5.4) |
Net finance costs | (159) | (74) | |
Taxation | (308) | (333) | |
Non controlling interests | (40) | (81) | |
Core Net Profit from continuing operations | 699 | 787 | (11.2) |
Core Net (Loss)/Profit from discontinued operations | (8)1 | 29 | |
Core Net Profit | 691 | 816 | (15.3) |
Adjustment:
1. Excludes net gain on disposal of the Weifang port companies and adjustments for depreciation, impairment and deferred tax (total of RM126m)
3
FY2023 Financial Results
Segmental PBIT: 9 months ended 31 March 2023
9M FY2023 | 9M FY2022 | Reported | Core PBIT | |||||
In RM Million | PBIT | |||||||
Reported | Adjustments | Core | Reported | Adjustments | Core | YoY % | YoY % | |
PBIT | PBIT | PBIT | PBIT | |||||
Continuing operations | ||||||||
Industrial | 676 | - | 676 | 523 | - | 523 | 29.3 | 29.3 |
Motors | 497 | - | 497 | 748 | - | 748 | (33.6) | (33.6) |
Healthcare | 48 | - | 48 | 37 | - | 37 | 29.7 | 29.7 |
Others | 51 | - | 51 | 30 | (12) | 18 | 70.0 | >100.0 |
Corporate | (66) | - | (66) | (51) | - | (51) | (29.4) | (29.4) |
Forex | 19 | (19) | - | - | - | - | - | - |
PBIT from | ||||||||
continuing | 1,225 | (19) | 1,206 | 1,287 | (12) | 1,275 | (4.8) | (5.4) |
operations | ||||||||
PBIT from | 112 | (122)1 | (10) | 20 | - | 20 | ||
discontinued | ||||||||
operations | ||||||||
PBIT | 1,337 | (141) | 1,196 | 1,307 | (12) | 1,295 | 2.3 | (7.6) |
Adjustment:
1. Net gain on disposal of the Weifang port companies and adjustments for impairment and depreciation
4