FIRST QUARTER FY13 FINANCIAL RESULTS 27 th August, 2012 Disclaimer - - PowerPoint PPT Presentation
FIRST QUARTER FY13 FINANCIAL RESULTS 27 th August, 2012 Disclaimer - - PowerPoint PPT Presentation
FIRST QUARTER FY13 FINANCIAL RESULTS 27 th August, 2012 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
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,
- pinions 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 operates. 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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1Q 11/12 YoY % Change 4Q 11/12 1Q 12/13 QoQ % Change
RM million
- Finance costs
EPS (sen) Profit before interest & tax Jointly controlled entities/ associated companies (net of tax) Revenue 1,582.5 (26.5) 45.2 4.71 127.6 +118.8%
- 5.6%
+3.9% 3,463.1 132.5 (77.2) 42.6 1.69
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Investor Relations
GROUP FINANCIAL HIGHLIGHTS
Passion . Drive . Excellence
Net profit 91.1 32.6 Taxation Profit before tax (before EI) 97.9 (44.5) 146.3 (37.7)
- 33.1%
+192.0% 2,124.2 1,130.5* (62.8) 27.8 52.66 1,018.1 124.0 (45.6)
*In respect of one-off exceptional item - PROTON’s negative goodwill RM971.5m
+63.0% +52.7%
- 88.3%
- 21.0%
+22.9% Profit after tax 53.4 108.6 1,049.9* Extraordinary Item
- 971.5*
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Note : PAC – Property, Asset & Construction
Investor Relations
SEGMENTAL PERFORMANCE
Segment 1Q11/12 1Q12/13 Change % YoY Automotive 819.5 2,760.2 +236.8% Services 716.3 640.1
- 10.6%
PAC 46.7 62.8 +34.5% Total 1,582.5 3,463.1 +118.8%
Revenue Breakdown by Sector
RM million
Segmental Review Inclusion of PROTON boosted Auto revenue for 1Q13 Reduction in Services revenue mainly due to lower revenue recorded by Alam Flora Higher completed property development works improved PAC sales
Passion . Drive . Excellence
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Note : PAC – Property, Asset & Construction QoQ +63.0% YoY +118.8%
Investor Relations
RM mn
1Q11/12 1Q12/13
Revenue Breakdown
GROUP SEGMENTAL REVENUE
Revenue Trend
51.8% 2.9% 45.3% 79.7% 1.8% 18.5%
Passion . Drive . Excellence
819.5 1,411.9 2,760.2 716.3 611.4 640.1 46.7 100.9 62.8
1,582.5 2,124.2 3,463.1
1Q11/12 4Q11/12 1Q12/13
Automotive Services PAC
YoY -33.1% Note : PAC – Property, Asset & Construction 1Q11/12 4Q11/12 1Q12/13 (21.3) 942.5 (57.4) Note: Total PBT included Investment Holding (RM mn) as tabulated below:-
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Investor Relations
QoQ -91.1% 1Q11/12
GROUP SEGMENTAL PBT
PBT Breakdown
1Q12/13
167.6 153.0 155.3
46.5% 52.1% 1.4% 46.2% 53.8%
Passion . Drive . Excellence
PBT Trend
RM mn 2.3 14.6 (0.1) 87.3 104.4 83.7 78.0 34.0 71.7 1Q11/12 4Q11/12 1Q12/13
Automotive Services PAC
AUTOMOTIVE
Note : M & E – Manufacturing & Engineering
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Investor Relations
YoY +236.8% QoQ +95.5% 1Q11/12
AUTOMOTIVE - REVENUE
Revenue Trend Revenue Breakdown
1Q12/13
819.5 1,411.9 2,760.2
75.9% 24.1% 95.1% 4.9%
Passion . Drive . Excellence
RM mn *
*Restated
621.7 1,164.1 2,624.3 197.8 247.8 135.9 1Q11/12 4Q11/12 1Q12/13
Distribution M&E
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Investor Relations
AUTOMOTIVE TIV & SALES
Cars Sold by Brand Within Group TIV vs DRB-HICOM Volume
*Figures include Proton Edar’s sales
Market share
Brand 4Q11/12 1Q12/13 Change % PROTON 5,705 37,769* +562.0% Audi 293 407 +38.9% Honda 2,076 8,089 +289.6% Mitsubishi 2,556 3,099 +21.2% Suzuki 2,349 2,289
- 2.6%
Isuzu 2,136 2,605 +22.0%
138,544 162,680 15,115 54,258 4Q11/12 1Q12/13 TIV DRB-HICOM 301,224 69,373 YTD 2012 (Jan - Jun) 138,544 162,680 35,068 37,769 4Q11/12 1Q12/13 TIV PROTON
TIV vs PROTON Volume
301,224 72,837 YTD 2012 (Jan - Jun) Market share
Passion . Drive . Excellence
10.9% 25.3% 23.2% 33.4% 23.0% 24.2%
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Investor Relations
RECENT LAUNCHES
Honda City facelift Launched in Jun-12 Suzuki SX4 Sport Crossover facelift Launched in Aug-12 Audi Q3 Launched in Jun-12 Proton Prevé Launched in Apr-12 Honda Civic Launched in Jul-12
Passion . Drive . Excellence
SERVICES
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Investor Relations
YoY -10.6% QoQ +4.7% 1Q11/12 1Q12/13 42.1% 32.2% 16.1% 9.6%
SERVICES - REVENUE
Revenue Breakdown
RM mn
Revenue Trend
34.2% 38.5% 18.7% 8.6% *Others include Scott & English (Malaysia), HICOM University College
*
Passion . Drive . Excellence
301.7 226.2 219.0 230.7 227.1 246.5 115.3 103.9 119.9 68.6 54.1 54.7
716.3 611.3 640.1
1Q11/12 4Q11/12 1Q12/13
Concenssionaire Banking Insurance Others
PROPERTY, ASSET & CONSTRUCTION
Revenue Trend
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Investor Relations
YoY +34.5% QoQ -37.8%
PROPERTY, ASSET & CONSTRUCTION
RM mn 46.7 100.9 62.8 1Q11/12 4Q11/12 1Q12/13
Recently launched phases
Glenmarie Shah Alam Proton City, Tanjung Malim
Passion . Drive . Excellence
Notes: * Based on 1,933,237,051 ordinary shares ** Restated
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Investor Relations
RMm
1Q 12/13 FY** 11/12
Property, Plant & Equipment 4,573.0 4,509.3 Banking Assets 17,662.6 20,012.9 Inventories 1,520.2 1,516.8 Cash & Bank Balances 2,742.6 3,040.3 Trade & Other Receivables 3,042.1 3,173.1 Others 7,615.0 7,568.7 TOTAL ASSETS 37,155.5 39,821.1 Equity attributable to owners of the Company 6,296.2 6,249.1 Non-controlling interest 1,229.5 1,215.7 Short Term Borrowings (include OD) 2,266.0 1,892.0 Long Term Borrowing 4,077.2 3,475.6 Banking Liabilities 15,729.7 17,998.8 General and Life Insurance Liabilities 2,352.6 2,297.9 Others 5,204.3 6,692.0 TOTAL EQUITY & LIABILITIES 37,155.5 39,821.1
1Q 12/13 FY** 11/12
Net Assets per Share (RM)* 3.26 3.23 Gearing Ratio (times): Gross Net 1.00 0.66 0.86 0.42 Return On Equity (%) 2.08 20.69
STATEMENT OF FINANCIAL POSITION & KEY RATIOS
Passion . Drive . Excellence
Investor Relations
SHAREHOLDING STRUCTURE (as at 29 June 2012)
Substantial Shareholders
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55.9 55.9 55.9 55.9 55.9 55.9 55.9 7.2 6.3 8.0 9.5 8.5 7.9 7.6 11.6 15.2 16.5 17.3 18.1 18.9 20.2 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Foreign shareholders EPF Etika Strategi Sdn Bhd
(%)
Passion . Drive . Excellence
For any enquiry, please do not hesitate to contact:-
Mohd Khalid Yusof Head, 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 8193 / 8194 fax : 603-2052 8228