1QFY2016 Financial Results Quarter Ended 30 June 2015 Disclaimer - - PowerPoint PPT Presentation

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1QFY2016 Financial Results Quarter Ended 30 June 2015 Disclaimer - - PowerPoint PPT Presentation

1QFY2016 Financial Results Quarter Ended 30 June 2015 Disclaimer This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase, any securities and neither this presentation


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1QFY2016

Financial Results

Quarter Ended 30 June 2015

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SLIDE 2

Disclaimer

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This presentation is not and does not constitute an offer, invitation, solicitation or recommendation to subscribe for, or purchase, any securities and neither this presentation nor anything contained in it shall form the basis of, or be relied on in connection with any contract or commitment or investment decision. This presentation has been prepared solely for use at this presentation. By your continued attendance at this presentation, you are deemed to have agreed and confirmed to DRB-HICOM Berhad (the “Company”) that: (a) you agree not to trade in any securities of the Company or its respective affiliates until the public disclosure of the information contained herein; and (b) you agree to maintain absolute confidentiality regarding the information disclosed in this presentation until the public disclosure of such information, or unless you have been otherwise notified by the Company. Reliance should not be placed on the information or opinions contained in this presentation or on its completeness. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. None of the Company and its affiliates and related bodies corporate, and their respective officers, directors, employees and agents disclaim any liability (including, without limitation, any liability arising from fault or negligence) for any loss arising from any use of this presentation or its contents or otherwise arising in connection with it. This presentation contains projections and “forward-looking statements” relating to the Company’s business and the sectors in which the Company

  • perates. These forward-looking statements include statements relating to the Company’s performance. These statements reflect the current views of the

Company with respect to future events and are subject to certain risks, uncertainties and assumptions. It is important to note that actual results could differ materially from those anticipated in these forward looking statements. The Company does not undertake to inform you of any matters or information which may come to light or be brought to the Company’s attention after the date hereof. The forecasts and other forward-looking statements set out in this presentation are based on a number of estimates and assumptions that are subject to business, economic and competitive uncertainties and contingencies, with respect to future business decisions, which are subject to change and in many cases outside the control of the Company. The directors and officers of the Company believe that they have prepared the forecasts with due care and attention and consider all best estimates and assumptions when taken as a whole to be reasonable at the time of preparing the presentation. However, the Company’s forecasts presented in this presentation may vary from actual financial results, and these variations may be material and, accordingly, neither the Company nor its directors or officers can give any assurance that the forecast performance in the forecasts or any forward-looking statement contained in this presentation will be achieved. Details of the forecasts and the assumptions on which they are based are set out in the presentation. This presentation may not be copied or otherwise reproduced without the written consent of DRB-HICOM Berhad.

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SLIDE 3

44.6 16.7

Services

  • Revenue and PBT fell to RM2.9 billion and RM16.7 million respectively in

1Q2016 largely due to lower sales by Automotive sector.

  • Defence, property and Honda recorded positive growth.

Key Highlights

Automotive Property, Assets and Construction

1Q16 Growth*

  • i. Lower sales which was affected by consumer

sentiment.

  • ii. Positive growth contribution from AV8 and

CTRM businesses.

  • iii. Higher contribution from Honda.

1Q16 Growth* Revenue

+5.6%

Higher revenue from Bank Muamalat, Group KLAS and Alam Flora. 1Q16 Growth* Higher revenue due to progress of development. PBT

+103.6%

Revenue

+15.0%

PBT

  • 52.6%¹

3,209.8 2,950.2

Revenue PBT

8.1%

(RM million)

62.6%

Revenue

  • 11.9%

PBT

  • 270.0%

4Q15 1Q16 4Q15 1Q16

3

*Preceding quarter

¹Excluding write back of impairment

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SLIDE 4

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Results Summary 1QFY16

(RM million)

1Q16 4Q15 QoQ (%) 1Q15 YoY (%)

Operating Revenue 2,950.2 3,209.8 (8.1) 3,724.8 (20.8) Other Income 154.4 151.5 1.9 118.2 30.6 Operating Expenses (3,046.0) (3,227.8) (5.6) (3,610.4) (15.6) Profit before Tax 16.7 44.6 (62.6) 185.1 (91.0) Non-Controlling Interest 13.0 (0.3) > 100 27.3 (52.4) Net (Loss)/Profit Attributable to Owners of the Company (19.7) 89.9 > (100) 107.8 > (100) Return on Equity (%) (0.26) 3.97 > (100) 1.46 > (100) EPS (sen) (1.02) 4.65 > (100) 5.58 > (100)

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1QFY16 Revenue Breakdown by Segment

QoQ: -8.1%

5

3,724.8 2,950.2

Segmental Revenue

3,209.8

(RM million)

YoY: -20.8% 2,884.0 2,548.7 2,246.1 780.5 600.8 634.7 60.3 60.3 69.4 Automotive Services Property, Asset & Construction (PAC) Automotive 76% Services 22% PAC 2%

RM2.9 billion

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120.0 10.7 (18.2) 110.4 43.3 88.1 5.1 37.9 7.5 1Q15 4Q15 1Q16 Automotive Services Property, Asset & Construction (PAC)

1QFY16 PBT Breakdown by Segment¹

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Segmental PBT

*Note: Total PBT figures include Investment Holding as tabulated below:- (RM million) 1Q15 4Q15 1Q16

Investment Holding (50.4) (47.3) (60.7)

YoY: -91.0% QoQ: -62.6%

(RM million)

185.1* 16.7* 44.6*

Automotive

  • 24%

Services 114% PAC 10%

RM16.7 million

¹ Total PBT breakdown exclude Investment Holding

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SLIDE 7

2,345.3 1,856.6 1,497.5 145.3 155.7 166.0 393.4 536.4 582.6

1Q15 4Q15 1Q16

Automotive Distribution (AD) Automotive Component (AC) Defence & Aviation (D&A)

1QFY16 Automotive Revenue Breakdown

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(RM million)

2,884.0 2,246.1 2,548.7

Automotive Segment

Revenue

QoQ: -11.9% YoY: -22.1% AD 67% AC 7% D&A 26%

RM2.2 billion

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SLIDE 8

8

Marque Sales Performance

VW Beetle Club Edition

21,576 22,145 21,451

1Q15 4Q15 1Q16

Honda

3,831 3,609 1,993

1Q15 4Q15 1Q16

486 342 320

1Q15 4Q15 1Q16

1,031 1,113 718

1Q15 4Q15 1Q16

2,657 2,907 2,853

1Q15 4Q15 1Q16

Isuzu

505 364 421 1Q15 4Q15 1Q16 30,306 27,682 22,524 1Q15 4Q15 1Q16

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SLIDE 9

National 48% Non-national 53%

DRB-HICOM’s Market Share

Market share 1QFY2016 (Apr-15 to June-15)

153,878 units

Total Industry Volume

49,859 units

DRB-HICOM TIV Breakdown: National vs Non-National

Sales of Non- National marques continue to surpass the sales

  • f National

marques (PROTON and Perodua) 9

DRB-HICOM 32% Others 68%

1% 1% 6% 4% Honda 43% PROTON 45%

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1QFY16 Services Revenue Breakdown

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(RM million)

780.5 634.7 600.8

Services Segment

Revenue

QoQ: +5.6% YoY: -18.7%

Note: Others include HICOM University College and Scott & English (Malaysia)

269.8 248.0 294.0 207.9 213.2 220.0 107.9 132.8 116.8 146.9 48.0 6.7 4.0 1Q15 4Q15 1Q16

Banking Concession Logistic Insurance Others Banking 46% Concession 35% Logistic 18% Others 1%

RM634.7 million

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SLIDE 11

Services

Revenue

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(RM million)

170.9 177.6 183.3 1Q15 4Q15 1Q16 37.1 35.6 36.6 1Q15 4Q15 1Q16

Puspakom *

* KLAS Group including Konsortium Logistic Berhad & DRB-HICOM ASIA Kargo Express.

107.9 132.8 116.8 1Q15 4Q15 1Q16

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SLIDE 12

1QFY16 PAC Revenue Breakdown

Property 78% Asset 16% Construction 6% 45.3 43.0 54.0 12.6 11.0 11.1 2.4 6.3 4.3 1Q15 4Q15 1Q16 Property Asset Construction

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(RM million)

60.3 69.4 60.3

PAC Segment

Revenue

QoQ: +15.0% YoY: +15.0%

RM69.4 million

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Financial Position and Key Ratios

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(RM billion) As at 30 Jun‘15 As at 31 Mar‘15 Property, Plant & Equipment 5.7 5.6 Banking Related Assets 20.6 21.9 Inventories 2.5 2.4 Cash & Bank Balances 2.1 2.5 Trade & Other Receivables 4.7 4.7 Others 5.5 5.3 TOTAL ASSETS 41.1 42.4 Equity attributable to owners of the Company 7.6 7.6 Perpetual Sukuk 1.0 0.8 Non-controlling Interest 0.9 1.0 Short Term Borrowings (include OD) 2.1 2.1 Long Term Borrowings 4.7 4.8 Banking Related Liabilities 18.1 19.4 Others 6.7 6.7 TOTAL EQUITY & LIABILITIES 41.1 42.4 As at 30 Jun‘15 As at 30 Mar’15 Net Assets Per Share (RM) 3.93 3.92 Gearing Ratio (times):

  • Gross
  • Net

0.90 0.55 0.91 0.51 Return on Equity (%) (0.26) 3.97 Return on Capital Employed (%) 0.68 5.50

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55.9 55.9 55.9 55.9 55.9 55.9 55.9 55.9 55.9 21.2 19.8 19.7 19.4 18.2 16.1 17.2 15.6 14.7 8.5 9.6 9.4 8.9 9.2 9.2 8.4 8.1 8.1

3.3 4.7

1.7 1.8 1.8 2.3 2.9 3.3 3.4 3.9 3.9 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Etika Strategi Sdn Bhd Foreign Shareholders Employees Provident Fund (EPF) Lembaga Tabung Haji Kumpulan Wang Persaraan (KWAP)

(%) 14

As at 30 June 2015

Shareholders of DRB-HICOM

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SLIDE 15

For enquiries, please contact us at:-

Investor Relations Level 5, Wisma DRB-HICOM

  • No. 2 Jln Usahawan U1/8

40150 Shah Alam, Selangor Malaysia email : invest@drb-hicom.com tel : 603-2052 8194 / 8781 fax : 603-2052 8228