PPB GROUP BERHAD Press and Analyst Briefing Unaudited FY10 Results 3 March 2011 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. 1 Agenda Group Financial Highlights Review of Major Operations 5-Year Financial Performance Dividend Record Share Performance Prospects for 2011 2 Group Financial Highlights 3 Financial Results FOR THE YEAR ENDED 31 DEC 2010 Grains Trading, Flour & Feed Milling Consumer Products Distribution Continuing Operations Film Exhibition & Distribution Waste Management & Utilities Property Development, Management & Investment Others 4 Financial Results FOR THE YEAR ENDED 31 DEC CONTINUING OPERATIONS 2010 (RM) 2009 (RM) Revenue 2.274 bil 2.054 bil 10.7% Operating Expenses 2.031 bil 1.893 bil 7.3% PBT* 1.123 bil 1.455 bil 22.8% Profit for the Year 1.062 bil 1.409 bil 24.6% EPS 88.15 sen 117.77 sen 25.2% 0.678 bil 1.211 bil 44% * Note :Share of Wilmar’s Profit Change 5 Financial Ratios CONTINUING & DISCONTINUED OPERATIONS 2010 2009 Profit for the Year 1.901 bil* RM1.629 bil 16.7% EPS 158.9 sen 136.3 sen 16.6% 14.2 % 11.5% RM11.20 RM11.88 ROE Attributable to Shareholders Net Assets Per Share Attributable to Shareholders 5.7% * Includes gain on sale of the sugar-related assets of RM841 million. Segmental Information FOR THE YEAR ENDED 31 DEC 2010 Consumer Products 15.24% Grains Trading, Flour & Feed Milling 52.01% Total Revenue Others* 16.11% Continuing Operations RM2.274 billion Property 1.73% Waste Management & Utilities 4.49% Film Exhibition 10.42% *Others :• Chemicals Trading & Manufacturing [4.83%] • Livestock Farming [3.93%] • Dividends [1.76%] • Packaging [2.51%] • Engineering [1.72%] • Shipping [0.77%] • Others [0.59%] 7 Segmental Information FOR THE YEAR ENDED 31 DEC 2010 Grains Trading, Flour & Feed Milling 42.83% Others* 28.53% Property 10.52% Consumer Products 4.44% Total Segment Profits Continuing Operations Film Exhibition 12.16% RM354.9 million Waste Management & Utilities 1.52% *Others :• Investment Income [16.30%] • Shipping [3.22%] • Others [9.01%] 8 Review Of Major Operations 9 Review of Major Operations 66.2% 93.2 154.9 1,400.00 1,200.00 1,000.00 800.00 600.00 400.00 200.00 0.00 GRAINS TRADING, FLOUR AND FEED MILLING 9.4% 1,152.4 1,260.7 RM MILLION Revenue for 2010 increased due to higher flour sales complemented by its mill in Indonesia which commenced operations in October 2009. Operating profit improved arising from higher sales with better profit margins. FYE 2009 FYE 2010 10 Review of Major Operations RM MILLION 120.00 4.3% ENVIRONMENTAL ENGINEERING, WASTE MANAGEMENT & UTILITIES 100.00 40.00 25% 20.00 4.4 5.5 60.00 The revenue and operating profit improved marginally due to better cost management and higher profit margin. 104.2 108.7 80.00 0.00 FYE 2009 FYE 2010 11 Review of Major Operations FILM EXHIBITION AND DISTRIBUTION RM MILLION 300 22.8% Revenue for 2010 increased due to contribution from newly opened cinemas namely, GSC Tropicana (Jun 09), GSC East Coast Mall (Nov 09) and GSC Suria Sabah (May 10) as well as the additional 4 screens in GSC IOI Mall (New Wing). 250 200 50 44.0 205.7 100 54.4% 28.5 252.6 150 0 FYE 2009 FYE 2010 Operating profit improved due to contribution from new cinemas and the overall improved performance of cinemas driven by the strong films released in the year. 12 Review of Major Operations RM MILLION Revenue for 2010 increased marginally due to higher contribution from Cheras Leisure Mall. Operating profit improved due to the creation of a new F&B area called “Cravings Lane” and upward revision of tenancy rates in Cheras Leisure Mall. 38.1 16.1 41.9 >100% 40.8 45 40 35 30 25 20 15 10 5 0 PROPERTY INVESTMENT & DEVELOPMENT 2.7% FYE 2009 FYE 2010 Gains from disposal of properties totalling RM22.3 million also contributed to the significant jump in the FY10 profit. 13 Review of Major Operations RM MILLION 8.7% Consumer Products Distribution 400 350 300 50 16.0 100 19.4% 13.4 150 369.5 200 339.9 250 Revenue and operating profit for 2010 improved due to growth of its in-house products mainly from the frozen food business where sales had doubled from RM8.36 million to RM16.64 million. 0 Revenue Operating Profit FYE 2009 FYE 2010 14 5-Year Financial Performance 15 5-Year PBT of PPB Group 2006 2007 2008 2009 1,121 1,732 1,401 763 2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500 400 300 200 100 0 840 RM Million 2010 Year * Note : PBT for year 2010 excludes the gain of RM841 million from the disposal of the sugarrelated assets. If the profit is included, the PBT would be RM1.962 billion 16 Dividend Record 17 Dividend Record Dividend Per Share Gross Net Net Dividend Yield Group Company (%) (%) (%) (sen) (sen) (RM Million) 2009 5 65 18 88 73 5 65 18 88 73 59.275 770.575 213.390 1,043.240 865.415 2008 2007 85 30 68.88 22.15 2006 20 14.55 Year 2010 -Interim -Special -Final* * Net Dividend Paid/payable ] ] ] 5.1 Payout Ratio ] ] ] 55.0 ] ] ] 67.0 4.6 53.6 14.8 816.572 262.588 7.4 2.0 63.5 41.9 116.0 63.7 172.490 2.7 30.8 103.6 The Board recommended a final single tier dividend of 18 sen per share for the financial year ended 31 December 2010 payable on 10 June 2011. 18 Share Performance 19 Share Performance FTSE Bursa KLCI 19.50 1,550.00 19.00 1,520.00 18.50 1,490.00 1,460.00 18.00 1,430.00 17.50 1,400.00 17.00 1,370.00 16.50 1,340.00 16.00 1,310.00 15.50 1,280.00 15.00 1,250.00 Jan Feb Mar Apr May June July Aug Sep 2010 Oct Nov Dec Jan Feb 2011 FTSE Bursa KLCI PPB Share Price (RM) PPB Closing price Prospects for 2011 21 Prospects for 2011 Rising commodity prices and fuel costs, coupled with fluctuating currency exchange rates are the main challenging factors which are expected to impact the Group’s operating results for 2011. The outlook for consumer demand in Malaysia and the Asian region remains positive. The Group is confident that the performance for 2011 will be satisfactory. 22 Questions & Answers 23
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