Disclaimer This presentation is not and does not constitute an - - PowerPoint PPT Presentation
Disclaimer This presentation is not and does not constitute an - - PowerPoint PPT Presentation
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 nor anything contained in it shall form the basis of, or
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 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. 2
Group Financial Results
For the Financial Period Ended 30 June 2019
3
Note : 1.Gain on disposal of partial equity interest in MODENAS of RM33.6 million 2.Impairment of Pos Logistics goodwill of RM60.1 million
Operating Revenue EBITDA Normalised Profit/(Loss) Before Tax Normalised EBITDA Profit/(Loss) Before Tax Exceptional Items 3,436.9 146.7 472.6 (33.6)¹ 113.1 439.0 2,654.4 (94.4) 199.5
- (94.4)
199.5 3,466.7 328.8 656.3 60.1² 388.9 716.4
1QFY2019 1QFY18/19 4QFY18/19
29.5% >100% >100%
- >100%
>100%
(RM million)
YoY
1QFY2019 vs 1QFY18/19
Key Highlights
The Group’s Revenue Increase by 29.5% Y-o-Y
4
- PROTON’s market share grew to 17.9% as at 30 June 2019 and sales increase (1QFY2019: 25,237 units
vs 4QFY18/19: 18,281 units) on the back of strong Proton X70, Saga and Persona sales
- Lower PBT due to the timing of completion of AV-8 under Defence, product mix and certain
writeback of unutilised provision in 4QFY18/19
AUTOMOTIVE
- The Group recorded revenue of RM3.4 billion and PBT of RM146.7 million for the
three months ended 30 June 2019
FINANCIAL
- Lower contribution mainly from Postal and Logistics businesses
SERVICES
- Lower recognition from construction related projects – Media City Development
PROPERTIES
- As announced on 8 July 2019, DRB-HICOM changed its financial year end from 31 March to 31 December
- The Group’s next annual audited financial statements will be covering 9-month period
ending 31 December 2019
CHANGE OF FINANCIAL YEAR END
2,234.5 1,403.6 2,077.4 1,087.0 1,108.0 1,212.7 115.4 142.8 176.6 1QFY2019 1QFY18/19 4QFY18/19 Automotive Services Properties
Group Revenue
Sectoral Breakdown
5
(RM million)
3,466.7
YoY: 29.5%
2,654.4 3,436.9
QoQ: 0.9%
122.0 (139.0) 258.7 26.6 56.5 26.9 17.1 30.1 134.8 1QFY2019 1QFY18/19 4QFY18/19 Automotive Services Properties 6
Group Profitability
Profit/(Loss) Before Tax
Total PBT/(LBT) figures include Investment Holding as tabulated below: (RM million)
(94.4) 146.7 328.8
(RM million) 1QFY2019 1QFY18/19 4QFY18/19 Investment Holding (19.0) (42.0) (91.6)
QoQ: 55.4% YoY: >100%
AD 7% AC 8% D&A 16% PROTON 69%
1QFY19 Automotive Revenue Breakdown
1,533.6 605.6 1,312.9 355.8 427.7 376.5 177.0 171.7 206.9 168.1 198.6 181.1 1QFY2019 1QFY18/19 4QFY18/19 PROTON Defence & Aviation (D&A) Automotive Component (AC) Automotive Distribution (AD) 7
(RM million)
Automotive
Revenue
1,403.6 2,234.5 2,077.4
YoY: 59.2% QoQ: 7.6%
RM2.2 billion
4% 4% 43% 49%
34% Others 66%
22,070 27,172 22,190 1QFY2019 1QFY18/19 4QFY18/19 25,237 14,263 18,281 1QFY2019 1QFY18/19 4QFY18/19 2,233 2,495 1,904 1QFY2019 1QFY18/19 4QFY18/19 1,963 2,040 2,273 1QFY2019 1QFY18/19 4QFY18/19 8
Units
Source: MAA
Total Industry Volume
(Apr to Jun’19)
153,270 units 51,503 units New Launches in 1Q19
Sales Performance with 34% Market Share
By Marques
Persona Facelift BR-V Special Edition Exora RC Iriz Facelift
Banking 28% Concession 22% Logistics 50% Education
1QFY19 Services Revenue Breakdown
547.0 566.1 561.6 304.3 313.9 336.4 233.0 225.0 312.3 2.7 3.0 2.4 1QFY2019 1QFY18/19 4QFY18/19 Logistics Banking Concession Education 9
Services
Revenue
1,087.0 1,108.0
(RM million)
1,212.7
RM1.1 billion
YoY: 1.9% QoQ: 10.4%
115.4 142.8 176.6 1QFY2019 1QFY18/19 4QFY18/19
Properties
Revenue
10
(RM million)
Media City ICQS
YoY: 19.2% QoQ: 34.7%
11
(RM billion) As at 30 Jun’19 As at 31 Mar’19 Property, Plant & Equipment 6.4 6.1 Banking Related Assets 21.1 22.3 Inventories 2.9 2.8 Cash & Bank Balances 2.3 2.5 Trade & Other Receivables 4.5 4.3 Others 5.0 4.7 TOTAL ASSETS 42.2 42.7 Equity attributable to Owners of the Company 6.8 6.7 Perpetual Sukuk 1.0 1.1 RCCPS 1.3 1.2 Non-controlling Interest 1.6 1.6 Short Term Borrowings (include OD) 2.7 2.8 Long Term Borrowings 3.6 3.5 Banking Related Liabilities 18.2 19.2 Others 7.0 6.6 TOTAL EQUITY & LIABILITIES 42.2 42.7 As at 30 Jun’19 As at 31 Mar’19 Shareholders’ Fund (RM billion) 6.76 6.71 Group Borrowings (RM billion) 6.29 6.36 Gross Gearing (times) 0.62 0.64 Net Asset per Share (RM) 3.50 3.47 Return on Shareholders’ Equity (%) 0.68 1.83
Group Financial Position
Key Ratios
55.9 55.9 55.9 55.9 55.9 55.9 9.2 8.7 10.6 9.3 8.9 9.3 7.6 9.1 9.4 9.8 9.1 9.3 6.8 7.3 3.9 3.6 3.6 2.6 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Etika Strategi Sdn Bhd Foreign Shareholders Employees Provident Fund Lembaga Tabung Haji 12
(%)
Key Shareholders of DRB-HICOM
As at 30 June 2019
82.4 81.0 79.8 78.6 77.5 77.1
For enquiries, please contact us at:-
Investor Relations Level 5, Wisma DRB-HICOM
- No. 2 Jalan Usahawan U1/8
40150 Shah Alam, Selangor Malaysia email : invest@drb-hicom.com tel : +603 2052 8194 / 8213 fax : +603 2052 8228