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Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements.

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Presentation on theme: "Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements."— Presentation transcript:

1 Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely estimates and targets, based on circumstances and reasonable assumptions which apply only at the date of such statements. Accordingly, no reliance should be placed on any forward-looking statements, express or implied, contained in this presentation. PRESS AND ANALYST BRIEFING Unaudited FY2013 Results 6 March

2 Agenda Group Financial Highlights Review of Major Operations Key Achievements in Year Financial Performance Capital Commitments Dividend Record Share Price Performance Prospects for

3 Group Financial Highlights Group Financial Highlights 3

4 PPB Group Operations Flour & Feed Milling, & Grains Trading Marketing, Distribution & Manufacturing of Consumer Products Film Exhibition & Distribution Environmental Engineering, Waste Management & Utilities Property Investment & Development Chemicals, Livestock, Investments & Others Operations Financial Results FOR THE YEAR ENDED 31 DEC

5 (Figures in RM) CHANGE Revenue bil bil10% Operating Expenses bil bil9% Share of Wilmar’s Profit bil bil10% PBT bil bil18% Profit for the Year bil bil15% EPS sen sen18% Financial Results FOR THE YEAR ENDED 31 DEC

6 EPS sen sen ROE Attributable to Owners of the Parent 6.3% 5.9% Net Assets Per Share Attributable to Owners of the Parent RM13.21 RM12.04 Financial Ratios FOR THE YEAR ENDED 31 DEC

7 * Chemicals Trading & Manufacturing [3%], Livestock Farming [3%], Investment Income [1%], Bakery [3%], Frozen Food [1%] & Others [3%] Flour & Feed Milling, & Grains Trading 59% 12% Environmental Engineering, Waste Management & Utilities 3% Film Exhibition & Distribution 10% Property Investment & Development 2% 14% TOTAL REVENUE RM3.313 bil Segmental Information FOR THE YEAR ENDED 31 DEC 2013 Marketing, Distribution & Manufacturing of Consumer Products Chemicals, Livestock, Investments & Others* 7

8 * Chemicals Trading & Manufacturing [1%], Livestock Farming [-3%], Investment Income [13%] & Bakery [3%] TOTAL SEGMENT PROFITS RM294 mil Flour & Feed Milling, & Grains Trading42% Marketing, Distribution & Manufacturing of Consumer Products 8% Film Exhibition & Distribution 17% Environmental Engineering, Waste Management & Utilities 2% Property Investment & Development 17% 14%Chemicals, Livestock, Investments & Others* Segmental Information FOR THE YEAR ENDED 31 DEC

9 Review Of Major Operations Review Of Major Operations 9

10 Review of Major Operations FLOUR & FEED MILLING, & GRAINS TRADING The increase in revenue for 2013 was due to higher sales volume and improved selling prices of flour and feed. Segment profit up marginally. Better performance in grains trading mitigated the lower margins due to higher raw material cost & unfavorable foreign currency exchange movements. 11% 2% 10

11 Review of Major Operations MARKETING, DISTRIBUTION & MANUFACTURING OF CONSUMER PRODUCTS Revenue for 2013 increased due to additional sales of an agency product in Peninsular Malaysia & improved sales from the other existing agency products. Higher profit was in line with the increased revenue and improved sales of agency products with better margins. 4% 22% 11

12 Review of Major Operations FILM EXHIBITION & DISTRIBUTION Revenue & profit for 2013 increased due to contribution from new cinemas opened in 2012 & 2013 and higher income from film distribution & screen advertising businesses. 18% 24% 12

13 Review of Major Operations ENVIRONMENTAL ENGINEERING, WASTE MANAGEMENT & UTILITIES Revenue and profit decreased mainly due to several on-going environmental engineering projects being at completion stage, whereby the revenue contribution had been progressively recognised in the previous quarters. 36% 30% 13

14 Review of Major Operations PROPERTY INVESTMENT & DEVELOPMENT Revenue increased due to higher project management fees on newly secured projects & higher rental income. Higher profit mainly due to a gain from sale of an investment property. Profit also derived from progress billings, project management fees & rental income. 11% >100% 14

15 Review of Major Operations CHEMICALS, LIVESTOCK, INVESTMENTS & OTHER OPERATIONS Revenue increased mainly due to:- i.higher revenue in the bakery segment which was driven by sales increase in all locations arising from the full operation of all distribution centres in 2013; ii.the increase in selling prices, quantities of day-old-chick and eggs in the Livestock segment; and iii.higher dividend income from the Group’s investment in equities. Profits largely contributed by the gain on disposal of the Group’s investment in Tradewinds (M) Berhad & higher dividend income. Livestock segment recorded lower losses. Bakery segment reported higher profits. >100% 14% 15

16 Key Achievements in 2013 Key Achievements in

17 Key Achievements in 2013 Completed construction of an additional 150-mt/day flour mill at its existing flour mill in South Vietnam Commissioned its 2 nd 1,000-mt/day flour mill in Indonesia in November 2013 FLOUR & FEED MILLING, & GRAINS TRADING 17

18 Key Achievements in 2013 Appointed the sole distributor of Snow Brand infant milk powder in Malaysia Launched two new products, The Chicken Burger and The Square Burger under the “Marina” family MARKETING & DISTRIBUTION OF CONSUMER PRODUCTS Launched new “Massimo” whole wheat buns 18

19 Key Achievements in 2013 Opening of 2 new cinemas Bintang Megamall, Miri – 8 screens City One Mall, Kuching – 10 screens Total screens operated by GSC is 233 Introduction of Dolby Atmos 100% Digitisation of Projection System e-Concession Purchase of cinema tickets and concession via e-Payment. Available at GSC’s key locations. FILM EXHIBITION & DISTRIBUTION Investment of 25% equity interest in Galaxy, a local cinema chain in Vietnam 19

20 Key Achievements in 2013 ENVIRONMENTAL ENGINEERING, WASTE MANAGEMENT & UTILITIES Successfully commissioned 5 water projects with a total contract value of RM150 million Secured new water and sewage projects worth RM300 million Upgraded the Wangsa Maju Pumping Station from 225,000 m ³ /day to 300,000 m ³ /day to improve water supply to 100,000 consumers in KL and Gombak Awarded the contract for the construction of about 30km of sewer network in Old Klang Road and PJ South 20

21 Key Achievements in 2013 PROPERTY INVESTMENT & DEVELOPMENT Acquired effective 28% equity interest in Southern Marina (SM) SM signed the SPA for the purchase of 12.5 acres of land in Puteri Harbour, Nusajaya, Iskandar Malaysia for the proposed development of a mixed residential-commercial property project Received the Development Order for 14 high-end bungalows at Taman Tanah Aman in Seberang Prai which was soft launched during CNY

22 5-Year Financial Performance 5-Year Financial Performance 22

23 5-Year PBT of PPB Group Note : PBT for FY2010 excludes the gain of RM841 million from the disposal of the sugar- related assets. If the profit is included, the PBT would be RM1.970 billion. 23

24 Capital Commitments Capital Commitments 24

25 CAPITAL COMMITMENTS RM440 mil Flour & Feed Milling, & Grains Trading -500 mt/day flour mill in Vietnam -Investment in China associates -Expansion & upgrading of plant & machineries RM172 mil Bakery -Acquisition of bakery machinery, support equipment & sales trucks RM19 mil Film Exhibition & Distribution -Opening of 11 new cinemas -Upgrading of existing cinema equipment RM179 mil Property Investment & Development -Investment in associate -Upgrading of facilities in shopping mall & office building RM31 mil Capital Commitments by Segments RM7 mil Marketing, Dist. & Mftg of Consumer Products -New warehouse & office buildings -Upgrading of machinery & equipment RM21 mil Frozen Food Processing -Processing plant expansion & new factory RM11 mil Others 25

26 Dividend Record Dividend Record 26

27 Dividend Record DividendNet Payout Ratio Per ShareDividend GrossNetPaid/payableYieldGroupCompany Year (sen) (RM Million)(%) Interim - Final* ] ] 1.6 ] ] 29.8 ] ] ] # 88 1, # * PPB Board has recommended a final single tier dividend of 17 sen per share for the financial year ended 31 December 2013 payable on 6 June # Including Special Dividends of 65 sen per share in year 2010 and 50 sen per share in year

28 Share Price Performance Share Price Performance 28

29 Share Performance Jan - Dec 2013PPBFBM KLCI Closing Price (High)16.141, Closing Price (Low)12.001, Closing ( )16.141, Average Daily Volume527,782150,256,078 29

30 Prospects for 2014 Prospects for

31 Prospects for 2014 PPB Group businesses is expected to perform well in 2014 based on :- Group’s strong core business presence in Malaysia Expansion in the cinema, flour and bakery segments Group’s regional businesses expected to grow in line with the expanded flour milling capacity; sustained by increasing affluence and domestic consumption in those markets. In addition to its operating businesses, the Group’s overall consolidated financial results in 2014 will be substantially supported by Wilmar’s business performance. 31

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