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PPB GROUP BERHAD PPB GROUP BERHAD HALF YEAR RESULTS HALF YEAR RESULTS 30 JUNE 2005 30 JUNE 2005 Presented by Koh Mei Lee Presented by Koh Mei Lee Senior Manager (Corporate Senior Manager (Corporate Affairs) Affairs)
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PPB GROUP BERHAD

Jan 05, 2016

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PPB GROUP BERHAD. HALF YEAR RESULTS 30 JUNE 2005. Presented by Koh Mei Lee Senior Manager (Corporate Affairs). agenda. 1. group financial highlights. 2. dividend record. 3. share information. 4. corporate development. 5. prospects for 2005. financial results. - PowerPoint PPT Presentation
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Page 1: PPB GROUP BERHAD

PPB GROUP BERHADPPB GROUP BERHAD

HALF YEAR RESULTS HALF YEAR RESULTS

30 JUNE 200530 JUNE 2005

Presented by Koh Mei LeePresented by Koh Mei Lee

Senior Manager (Corporate Senior Manager (Corporate Affairs)Affairs)

Page 2: PPB GROUP BERHAD

agendaagenda

1. group financial highlights1. group financial highlights

2. dividend record2. dividend record

3. share information3. share information

4. corporate development4. corporate development

5. prospects for 20055. prospects for 2005

Page 3: PPB GROUP BERHAD

financial results

Jan to June

2005 2004 Change

RM mil RM mil %

Revenue 5,317 5,397 (1.5)

Profit from operations 242 275 (12.2)

Net profit from investing activities 54 20 168.8

Share of associates/ JV 27 45 (40.6)

Finance costs (7.7) (8.2) (5.9)

PBT 315 332 (5.2)

Tax (89) (86) 4.1

PAT 226 246 (8.4)

Minority interest (37) (75) (50.8)

Net profit 189 171 10.2

EPS (sen) 15.91 17.44 (8.8)

Page 4: PPB GROUP BERHAD

segmental information – Jan to June 2005

Sugar & caneSugar & cane7.1%7.1%

Grains trading,Grains trading,flour & feedflour & feed

milling milling 7.6%7.6%

Edible oilsEdible oilsrefining & tradingrefining & trading

71.8%71.8%

Oil palmOil palmplantationsplantations

4.8%4.8%

Waste Waste management & management &

utilities utilities 0.6%0.6%

Film Film exhibitionexhibition

1%1%

PropertyProperty0.4%0.4%

OthersOthers6.7%6.7%

RevenueRevenueTotal RM5.3 billionTotal RM5.3 billion

Page 5: PPB GROUP BERHAD

segmental information – Jan to June 2005

Sugar & caneSugar & cane21%21%

Grains trading,Grains trading,flour & feedflour & feed

milling milling 7.1%7.1%

Edible oilsEdible oilsrefining & tradingrefining & trading

23.8%23.8%

Oil palmOil palmplantationsplantations

27.1%27.1%

Waste Waste management & management &

utilities utilities (0.7%)(0.7%)

Film Film exhibitionexhibition

3.2%3.2%

PropertyProperty2.6%2.6%

OthersOthers15.9%15.9%

Operating ProfitsOperating ProfitsTotal RM242.1 millionTotal RM242.1 million

Page 6: PPB GROUP BERHAD

major contributors to group operating profit

78

53

36

18

45

60

79

68

0

10

20

30

40

50

60

70

8030-Jun-04 30-Jun-05RM MillionRM Million

Sugar Sugar & cane& cane

Grains Grains trading, flour trading, flour

& feed & feed millingmilling

Edible oils Edible oils refining & refining &

tradingtrading

Oil palm Oil palm plantationsplantations

Reasons for higher/ lower Reasons for higher/ lower profitsprofits

Lower profit from sugar & caneLower profit from sugar & caneHigher raw material cost.Higher raw material cost.

Lower profit from grains Lower profit from grains trading, flour & feed millingtrading, flour & feed milling

Higher raw material cost.Higher raw material cost.

Higher profit from edible oils Higher profit from edible oils refining & tradingrefining & trading

Better overall refining margin Better overall refining margin and higher sales volume.and higher sales volume.

Lower profit from oil palm Lower profit from oil palm plantationsplantations

Lower CPO prices.Lower CPO prices.Average realised CPO price :-Average realised CPO price :-

Jan to June 2004Jan to June 2004RM1,750RM1,750

Jan to June 2005Jan to June 2005RM1,354RM1,354

3333%%

5151%%

3434%%

1414%%

Page 7: PPB GROUP BERHAD

major contributors to group operating profit

1

(2)

68

18

7

18

40

(5)

0

5

10

15

20

25

30

35

4030-Jun-04 30-Jun-05RM MillionRM Million

Waste Waste management management

& utilities& utilities

Film Film exhibitionexhibition

PropertyProperty OthersOthers

Reasons for higher/ lower Reasons for higher/ lower profitsprofits

Loss from waste management Loss from waste management & utilities& utilities

Fewer projects.Fewer projects.

Higher profit from film Higher profit from film exhibitionexhibition

Release of strong commercial Release of strong commercial films and higher admissions.films and higher admissions.

Lower profit from propertyLower profit from propertyMost of the completed Most of the completed

residential houses have been residential houses have been sold.sold.

Higher profit from othersHigher profit from othersManufacturing & trading (up Manufacturing & trading (up

RM14 million)RM14 million)Livestock (up RM9 million)Livestock (up RM9 million)Shipping (up RM5 million)Shipping (up RM5 million)

301301%%

3636%%

6363%%

120120%%

Page 8: PPB GROUP BERHAD

share of associates/ JV’s results

Registered lower profits due to difficult trading conditions faced by associated company in commodity trading.

45

27

05

101520253035404550

2004 2005Jan to JuneJan to June

RM RM MillionMillion

41%41%

Page 9: PPB GROUP BERHAD

pbt for 4 years and 6 months to 2005

322

501

707 734

315

0

100

200

300

400

500

600

700

800

2001 2002 2003 2004 6 months 2005

Year

RM MillionRM Million

Page 10: PPB GROUP BERHAD

cash and borrowings

RM30m

RM538m

RM508m

RM150m

RM358m

RM180m

RM652m

RM472m

RM165m

RM307m

Net cash

Cash &deposits

Totalborrowings

LTborrowings

STborrowings

Dec-04 Jun-05

Page 11: PPB GROUP BERHAD

dividend record

Dividend

Per Share

Net

Dividend

Net

DividendPayout ratio

Gross Net Paid Yield Group Company

Year (sen) (sen) (RM Million) (%) (%) (%)

2005* 5.05.0 3.63.6 42.67842.678 1.01.0 22.622.6 47.047.0

2004 30.0 23.7 140.482 3.5 35.1 75.4

2003 25.0 20.5 100.675 3.1 27.1 72.3

2002 46.5 43.0 210.968 10.9 86.8 97.6

2001 20.0 15.8 68.688 4.8 40.3 49.1

* The Board declared an interim dividend of 5 sen in respect of the financial * The Board declared an interim dividend of 5 sen in respect of the financial year 2005 based on the enlarged capital base (compared with 10 sen year 2005 based on the enlarged capital base (compared with 10 sen comprising 5 sen less tax and 5 sen tax exempt for 2004).comprising 5 sen less tax and 5 sen tax exempt for 2004).

Page 12: PPB GROUP BERHAD

share performance

0

1

2

3

4

5

6

7

8

Jun Jul Aug Sep Oct Nov Dec Jan Feb Mac Apr May 07-Jun

08-Jun

July Aug Sept

PPB

Shar

e Pr

ice

(RM

)

760

780

800

820

840

860

880

900

920

940

960

Com

pos

ite In

dex

PPB Close (Last Trade) KLCI Close (Last Trade)

Y 2004Y 2004 Y 2005Y 2005

RM6.50RM6.50

819.86819.86

RM7.10*RM7.10*

876.92*876.92*

RM4.10RM4.10##

909.18#909.18#

BI (8.6.05)BI (8.6.05)

*Pre Bonus Issue*Pre Bonus Issue RM 7.10RM 7.10

>Post Bonus Issue>Post Bonus Issue RM3.60RM3.60

#Closing price on 2.9.05#Closing price on 2.9.05 RM4.10RM4.10

RM3.60RM3.60>>

879.44879.44>>

Page 13: PPB GROUP BERHAD

corporate development

Bonus issue

Share capital 31 Dec 2004 30 Jun 2005 Change

Authorised 1,000,000,000 2,000,000,000 +100%

Issued and paid up 592,749,941 1,185,499,882 +100%

Share price RM3.40* RM3.72 +9%+9%

Market capitalization 4.03 billion 4.41 billion +9%+9%

No. of shareholders 10,547 11,294 +7%+7%

*share price adjusted for bonus issue.

Jan to Dec 2004 Jan to Aug 2005

Average daily volume** 572,418 625,696 9%9%

**adjusted for bonus issue.

Page 14: PPB GROUP BERHAD

prospects for 2005

Sugar, flour and feed The food division anticipates a challenging 2nd half year in view

of the rising costs of production.

Edible oils refining The profit performance should be remain satisfactory with strong

demand for palm oil products and increase in sales volume.

Oil palm plantation FFB production is expected to grow at a compound rate of 10%

p.a over the next few years. CPO prices remain volatile Profits may not match that of previous year if current prices

remain.

Page 15: PPB GROUP BERHAD

prospect for 2005

Waste management & utilities Continue to explore project opportunities both locally and

overseas. Profit may not match last year’s performance in view of fewer

projects.

Film exhibition The expected strong line up of films in the 2nd half of 2005 should

enable the strong performance to continue for the year.

Property Continue to explore landbank for expansion. Profits will be lower as most of the residential projects have been

completed and sold.

Overall Group Performance Envisaged to be satisfactory.

Page 16: PPB GROUP BERHAD