Da
ibo
ch
i Pla
stic &
P
ac
ka
gin
g In
du
stry
Be
rha
d
Inv
esto
rs’ Brie
fing
FY2
01
1 Fin
an
cia
l Re
sults &
Co
rpo
rate
Up
da
te
20
Feb
rua
ry 2
01
2
IR A
dv
ise
r
AQ
UIL
AS
•Operatio
nal H
ighlights
•Financial Review
•FY2012 Growth Stra
tegies
2
•FY2012 Growth Stra
tegies
•Appendix:
»Corporate Profile
»Industry
Insight
FY2011 Operational Highlights
3
FY2011 Operational Highlights
•Pack
agin
g segm
ent sa
w 9.4%high
er sa
les
volume in
FY11 (v
sFY10)
»Operatio
ns re
covered fro
m machinery breakdown
in 3Q11
»FY2011 gross m
argins m
aintained at 1
4.4%
•Sta
biliz
ed ra
w m
ateria
l price
s in 4Q11
4
FY11 Operational HighlightsFY11 Operational Highlights
Recovery of operations in 4Q11 enabled Group to capture higher
demand…raw material price
s began to sta
bilise
•Sta
biliz
ed ra
w m
ateria
l price
s in 4Q11
provided a breather
»Cautio
us se
ntim
ent a
mongst g
lobal m
anufacturers
resulte
d in moderatio
n of ra
w materia
l prices
•Property
segm
ent co
ntrib
utio
ns re
duce
d to
RM16.3 m
il (FY10: R
M22.8 m
il)
»Minimal contrib
utio
ns in
FY2012 in lin
e with
Group’s in
tentio
n to
focus o
n th
e packaging
busin
ess
FY11 Operational HighlightsFY11 Operational Highlights
Reven
ue C
AG
R (F
Y04 to
FY
11): 8
.5%
PB
T C
AG
R (0
4-1
1): 2
8.1
%P
AT
MI C
AG
R (0
4-1
1): 3
1.8
%
4Q11 and FY2011
5
4Q11 and FY2011
Financial Review
6
FY11 Income StatementFY11 Income Statement
4Q11 the best p
erforming quarter in the year, on the back of higher
revenue and favourableproduct m
ix…
4Q11 to
31.12.11
3Q11 to
30.9.11
Change vs
preceding qtr
RM'm
il
FY11 to
31.12.11
FY0 to
31.12.10
Change vs
previous F
Y
75.70
67.67
11.9%
Revenue
284.23
267.75
6.2%
9.57
7.97
20.1%
EBITDA
34.82
32.56
6.9%
7.35
5.88
25.0%
Operatin
g Profit
26.57
24.56
8.2%
0.24
(0.08)
(400.0%)
Share of A
ssociates
(0.07)
0.17
(141.2%)
7.27
5.49
32.4%
Pre-ta
x Profit
25.28
23.83
6.1%
5.91
4.54
30.1%
Net P
rofit to
Shareholders
20.07
18.19
10.4%
�FY2011 margins
booste
d by
recovered 4Q11
revenue and
favourable
FY11 Income StatementFY11 Income Statement
55.855.8
57.657.6
53.853.8
54.654.6
59.759.7
61.261.2
71.471.4
75.575.5
67.767.7
73.273.2
67.767.7
75.775.7
20
.0
40
.0
60
.0
80
.0
1Q
09
2Q
09
3Q
09
4Q
09
1Q
10
2Q
10
3Q
10
4Q
10
1Q
11
2Q
11
3Q
11
4Q
11
Qu
arte
rly R
eve
nu
e (R
M ‘m
il)
+0.3
%
5.05.0
5.85.8
5.95.9
6.16.1
5.05.0
4.24.2
4.84.8
4.24.2
4.64.6
5.05.0
4.54.5
5.95.9
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
1Q
09
2Q
09
3Q
09
4Q
09
1Q
10
2Q
10
3Q
10
4Q
10
1Q
11
2Q
11
3Q
11
4Q
11
Qu
arte
rly P
AT
MI (R
M ‘m
il)
+42.0
%
8.08
6.04
33.8%
Basic
EPS (se
n)
26.78
24.17
10.8%
12.6%
11.8%
0.8
EBITDA m
argin
12.3%
12.2%
0.1
9.6%
8.1%
1.5
PBT m
argin
8.9%
8.9%
(0.0)
7.8%
6.7%
1.1
Net m
argin
7.1%
6.8%
0.3
favourable
product m
ix
711 Balance Sheet (Highlights)11 Balance Sheet (Highlights)
Maintaining healthy returns in FY2011…
RM
’ mil
As
at
31
.12
.11
(Un
au
dite
d)
As
at
31
.12
.10
(Au
dite
d)
Fix
ed
as
se
ts (e
xc
l as
so
cia
te in
ve
stm
en
t)8
3.2
16
6.2
1
As
so
cia
te in
ve
stm
en
t 2
3.0
12
3.0
8
Cu
rren
t as
se
ts
12
1.8
01
22
.72
�Higher fix
ed asse
ts in
FY2011 due to
purchases o
f prin
ting
machine and
metalliz
er, a
s well a
s
building expansio
n
FYFY11 Balance Sheet (Highlights)11 Balance Sheet (Highlights)
Cu
rren
t liab
ilities
70
.43
69
.26
Sh
are
ho
lde
rs’ e
qu
ity1
40
.21
31
.47
To
tal b
orro
win
gs
3
5.5
42
9.5
3
Ca
sh
& B
an
k B
ala
nc
es
10
.41
6.3
0
Ne
t ge
arin
g0
.18
x0
.18
x
Re
turn
on
Ave
rag
e S
ha
reh
old
ers
Eq
uity
1
4.8
%1
4.3
%
Re
turn
on
Ave
rag
e T
ota
l As
se
ts9
.1%
9.1
%
�Increased borro
wings
to fin
ance m
achinery
purchase and
facilitie
s expansio
n
�Net gearin
g
maintained at
health
y levels
8
Dividend HistoryDividend History
4thinterim tax exempt dividend of 4 sen/share payable on
23 March 2012, tra
nslating to 50.3% payout…
55
.8%
51
.3%
51
.6%
50
.3%
50.0
%
75.0
%
100.0
%
6.0
0
9.0
0
12.0
0
%R
M ‘m
ilD
ivid
en
d P
ayo
ut
Div
idend P
ayout (R
M 'm
il)•Dividends in
respect o
f FY2011
»1stinterim
tax exempt d
ividend of
3.0 se
n/share (p
aid on 10 Jun 2011)
»2ndinterim
tax exempt d
ividend of
3.5 se
n/share (p
aid on 14 Sep 2011)
Dividend HistoryDividend History
6.0
6.0
15.5
15.5
12.5
12.5
13.5
13.5
0.0
4.0
8.0
12.0
16.0
2008
2009
2010
2011
se
nD
ivid
en
d P
ayo
ut (s
en
)
4.5
511
.67
9.3
81
0.0
90.0
%
25.0
%
0.0
0
3.0
0
2008
2009
2010
2011
»3rdinterim
tax exempt d
ividend of
3.0 se
n/share (p
aid on 8 Dec 2011)
»4thinterim
tax exempt d
ividend of
4 se
n/share (p
ayable on 23 Mar
2012)
9
PROSPECTS AND PLANS
Strength
en co
llaboratio
ns w
ith MNCs
in F&B and FMCG se
ctors to
develop th
e
next g
eneratio
n of u
ltra high barrie
r films
Contin
ue te
sting a
nd ce
rtificatio
ns fo
r new se
ctors
10
Initia
tives to
broaden clie
ntele in existin
g and new sectors
anticip
ated to garner re
sults in
FY2012…
FY2012 Growth StrategiesFY2012 Growth Strategies
Contin
ue te
sting a
nd ce
rtificatio
ns fo
r new se
ctors
(E&E and medical companies lo
cally and re
gionally)
Furth
er fa
cility and m
ach
inery expansio
n
to cater to
new clientele
FY2012 Growth StrategiesFY2012 Growth Strategies
THANK YOU
11
THANK YOU
Bursa
: DAIBOCI/8125
Bloomberg: D
PP:M
KReute
rs: DPPM.K
L
IR Contacts:
Thomas Lim
E: to
om
T: 06-231 9779
JuliaPong
m.my
T: 012-3909258
APPENDIX
12
APPENDIX
CORPORATE PROFILE
13
CORPORATE PROFILE
The LARGEST
supplie
r of p
ack
agin
g in SE
AThe LARGEST
supplie
r of p
ack
agin
g in SE
A
14
Daibochi, a resilie
nt investm
ent ca
se…
Track RecordTrack Record
The SO
LE su
pplie
r toThe SO
LE su
pplie
r toChembong
ChembongConfectio
nery
Confectio
nery
Facto
ry in
Facto
ry in
M’sia
M’sia
Supplie
r of
Supplie
r of >
90% of ’s fle
xible pack
agin
g in
>90% of ’s fle
xible pack
agin
g in M’sia
M’sia
Track RecordTrack Record
Supplie
r of
Supplie
r of >
90% of ’s fle
xible pack
agin
g in
>90% of ’s fle
xible pack
agin
g in M’sia
M’sia
The SO
LE su
pplie
r of K
raft / b
iscuits in
The SO
LE su
pplie
r of K
raft / b
iscuits in
M’sia
M’sia
Other im
porta
nt c
usto
mers:
�Liste
d sin
ce 1990, n
ow on Main Market o
f Bursa
M’sia
�Market ca
p of R
M214.8 m
il (14.02.12)
�Dividend policy
of p
aying m
inim
um 50% of n
et p
rofit to
shareholders
on a quarte
rly basis
DA
IBO
CH
I PL
AS
TIC
& P
AC
KA
GIN
G IN
DU
ST
RY
BE
RH
AD
Lis
ted
Main
Mark
et,
Burs
a M
ala
ysia
sin
ce 1
990
(Tra
nsfe
rred fro
m S
econd B
oard
in 2
003)
Secto
rIn
dustria
lP
roducts
15
Liste
d since 1990…
Corporate InformationCorporate Information
Secto
rIn
dustria
lP
roducts
Codes
Burs
a: 8
125 / D
AIB
OC
I
Blo
om
berg
: DP
P:M
K
Reute
rs: D
PP
M.K
L
Share
Capita
lR
M75.9
mil
(75.9
02
mil s
hare
s o
f RM
1 e
ach)
Mark
et C
apita
lizatio
nR
M214.8
mil (R
M2.8
3 a
s a
t 14 F
eb 2
012)
Corporate InformationCorporate InformationCorporate ProfileCorporate Profile
16
Leading flexible packaging solutions provider, w
ith enviable
reputation exceeding 35 years…
20
09
-A
cq
uire
d 9
thp
rintin
g m
ach
ine
; Ob
tain
ed
HA
LA
L C
ertific
atio
n;
20
08
–A
cq
uire
d w
ide
we
b p
oly
pro
pyle
ne
film m
akin
g m
ach
ine
20
07
-R
ece
ive
d G
old
Aw
ard
for th
e C
olo
rpa
kP
acka
gin
g
Exp
ort A
wa
rd a
t Au
stra
lian
Pa
cka
gin
g A
wa
rds
20
04
–A
cq
uire
d M
’sia
’s1
st5
-laye
r-blo
wn
film m
ach
ine
to
pro
du
ce
tran
sp
are
nt b
arrie
r films
Re
gio
na
l su
pp
lier fo
r BA
T
20
10
–O
bta
ine
d L
ette
r of V
alid
atio
n fro
m U
SA
for e
lectro
nic
pa
cka
gin
g
20
11
–A
cq
uire
d h
igh
-sp
ee
d p
rintin
g m
ach
ine
; Acq
uire
d m
eta
llize
rto
pro
du
ce
u
ltra h
igh
ba
rrier film
s; A
ccre
dite
d w
ith IS
O:1
40
01
Corporate ProfileCorporate Profile
19
94
–A
cq
uire
d fa
ste
st e
xtru
sio
n la
min
ato
r in S
EA
19
96
-M
ove
d to
cu
rren
t pre
mis
es w
ith >
32
5,0
00
sq
ft bu
ilt-up
are
a
20
01
–In
co
rpo
rate
d A
ustra
lian
su
bsid
iary
; Accre
dite
d w
ith IS
O:9
00
1
19
99
–S
up
plie
r to N
estle
M’s
ia
20
02
–A
cq
uire
d m
eta
llize
rw
ith P
lasm
a T
ech
to p
rod
uce
hig
h-b
arrie
r films;
Re
gio
na
l Su
pp
lier to
Ne
stle
in S
EA
20
03
–T
ran
sfe
r to M
ain
Bo
ard
(no
w M
ain
Ma
rke
t); Accre
dite
d w
ith H
AC
CP
19
90
–A
cq
uire
d m
eta
llize
rto
pro
du
ce
in-h
ou
se
me
taliz
ed
films; L
iste
d o
n 2
nd
Bo
ard
of K
LS
E (B
urs
a M
’sia
)
19
87
–A
cq
uire
d p
oly
pro
pyle
ne
film-m
akin
g m
ach
ine
to p
rod
uce
in-h
ou
se
films
19
84
–S
tarte
d in
-ho
use
prin
ting
cylin
de
r ma
kin
g
19
72
–E
sta
blis
he
d in
Me
laka
with
10
,00
0 s
q ft p
lan
t; Mo
ve
d to
larg
er p
rem
ise
s w
ith 1
65
,52
7 s
q ft
Corporate Profile (Corporate Profile (con’tcon’t))
••Accre
dite
d and w
orld
Accre
dite
d and w
orld
--class
class
productio
n fa
cilities
productio
n fa
cilities
»Atta
ined ISO
:9001and ISO
:14001
certific
atio
ns
»Hazard Analysis C
ritical C
ontro
l Points
(HACCP) compliant to
ensure
17
Internationally-certifie
d productio
n facilitie
s that co
mply
with all fa
ctory audits b
y our MNC clie
ntele…
Corporate Profile (Corporate Profile (
(HACCP) compliant to
ensure
adherence to
food sa
fety re
quire
ments
»Obtained HALALcertific
atio
n
••Well
Well--e
quipped la
boratory te
sting
equipped la
boratory te
sting
facilitie
sfacilitie
s»
To ensure our p
roducts e
xceed custo
mers’
pack
aging barrie
r (MVTR ASTM F1249, O
2TR
ASTM D3895-35), re
tentio
n(GC with
Headspace) and m
igra
tion(COF ASTM
D1894) re
quire
ments.
18
Production FacilitiesProduction Facilities
Integrated end-to-end packaging process… equipped with
specialized in-house capabilitie
s
Th
e o
nly
pla
ye
r with
in-h
ou
se
cylin
de
r-ma
kin
g, a
nd
on
e o
f the
few
with
me
talliz
ing
an
d
se
alin
g c
ap
abilitie
s fo
r qu
ality
assu
ran
ce
an
d c
on
sta
nt im
pro
ve
me
nt a
t ke
y s
tag
es
Production FacilitiesProduction Facilities
Pre
pre
ss
Pre
pre
ss
Cylin
de
r C
ylin
de
r M
ak
ing
Ma
kin
gG
ravu
re
Gra
vu
re
Prin
ting
Prin
ting
La
min
atio
n
La
min
atio
n
(Ex
trus
ion
/ (E
xtru
sio
n /
Dry
)D
ry)
Slittin
g /
Slittin
g /
Ba
gg
ing
Ba
gg
ing
CP
P F
ilmM
eta
llize
r
Up to
9-c
olo
ur 2
-sid
ed p
rintin
gIn
-house c
apabilitie
sS
olv
ent-b
ase
d/fre
eC
apabilitie
s in
clS
tandin
g P
ouch
To b
uild
hig
h b
arrie
rsP
olyp
rop
yle
ne s
ealin
g film
s
19
Daibochi ProductsDaibochi Products
Wide range of packaging solutions fo
r various product
functio
ns… Constantly innovating for ch
anging requirements
Film
Typ
eA
pp
lica
tion
s/ U
se
Hig
h P
erm
ea
bility
Ba
rrier / P
erfo
rma
nc
eC
offe
e,N
uts
, Po
tato
Ch
ips
Co
st E
ffec
tive
Ba
rrier
Sn
acks, B
iscu
its, W
afe
r,C
ho
co
late
,
Ca
ke
s
Daibochi ProductsDaibochi Products
Ca
ke
s
Ge
ne
ralP
ac
ka
gin
gO
ute
r Pa
ck, N
oo
dle
s, B
iscu
its, W
afe
rs
Sp
ec
ialty
Ap
plic
atio
nL
ab
ellin
g, Ic
e-c
rea
m,
Fro
ze
n F
oo
d,
Ce
rea
l Pe
el S
ea
l, Se
aso
nin
g O
il, P
ow
de
r / Liq
uid
De
terg
en
t, S
ho
we
r Fo
am
, To
ba
cco
, Pe
t foo
d
Customer BaseCustomer Base
Diversifie
d clie
ntele of leading brands…
20
Fo
od
Be
ve
rag
eF
MC
GS
pe
cia
lty
Customer BaseCustomer Base
21
Key ManagementKey Management
Experienced management with industry
expertise
…
Th
om
as
Lim
So
oK
oo
n, M
an
ag
ing
Dire
cto
r
-H
old
s a
degre
e in
Bachelo
r of S
cie
nce In
dustria
l Engin
eerin
g a
nd M
anagem
ent fro
m O
kla
hom
a S
tate
Univ
ers
ity, &
Maste
r of B
usin
ess A
dm
inis
tratio
n d
egre
e fro
m O
kla
hom
a S
tate
Univ
ers
ity.
-Join
ed D
aib
ochi in
1995, a
nd w
as a
ppoin
ted a
s M
anagin
g D
irecto
r in F
ebru
ary
2005.
-P
layed
a k
ey ro
le in
build
ing G
roup’s
MN
C c
liente
le.
Da
tuk
Wo
ng
So
on
Lim
, Ex
ec
utiv
eD
irec
tor
-A
n a
ccounta
nt b
y tra
inin
g a
nd a
mem
ber o
f the M
ala
ysia
n A
ssocia
tion o
f the In
stitu
te o
f Charte
red S
ecre
tarie
s a
nd
Key ManagementKey Management
-A
n a
ccounta
nt b
y tra
inin
g a
nd a
mem
ber o
f the M
ala
ysia
n A
ssocia
tion o
f the In
stitu
te o
f Charte
red S
ecre
tarie
s a
nd
Adm
inis
trato
rs.
-H
as a
n e
xte
nsiv
e e
xperie
nce a
nd k
now
ledge in
the fie
ld o
f accountin
g, fin
ance, c
onsulta
ncy, c
orp
ora
te fin
ance,
manufa
ctu
ring a
nd p
roperty
develo
pm
ent. In
stru
menta
l in lis
ting o
f the C
om
pany.
Lo
w C
ha
nT
ian
, Ex
ec
utiv
eD
irec
tor
-H
old
s a
degre
e in
Bachelo
rof E
ngin
eerin
gfro
m th
e U
niv
ers
ity o
f Weste
rn A
ustra
lia.
-H
as w
ide e
xperie
nce in
manufa
ctu
ring, p
roperty
develo
pm
ent, b
usin
ess a
nd fin
ance.
Lo
w J
in W
ei, E
xe
cu
tive
Dire
cto
r
-H
old
s a
degre
e in
Bachelo
rof C
om
merc
e (M
ajo
r in F
inance &
Mark
etin
g) fro
m U
niv
ers
ity o
f Sydney, N
SW
, Austra
lia.
-P
rior to
this
, Mr. L
ow
was th
e M
anagin
g D
irecto
r / Pro
ject D
irecto
r of G
lassK
ote
(Mala
ysia
) Sdn B
hd fro
m 2
005 to
Septe
mber 2
010.
22
Major ShareholdersMajor Shareholders
Growing institu
tional following… Free float re
tained at >50%
No. o
f shares (‘m
il)(31.12.2011)
Perce
ntage
*
Low Chan Tian, E
D6.69
8.9%
Datuk Wong Soon Lim, E
D5.01
6.7%
Major ShareholdersMajor Shareholders
* Exclu
din
g 1
,27
5,7
00
sh
are
s b
ou
gh
t ba
ck b
y th
e C
om
pa
ny a
nd
reta
ine
d a
s tre
asu
ry s
ha
res
INDUSTRY INSIGHT
23
INDUSTRY INSIGHT
••Flexible pack
agin
g market, w
orth
Flexible pack
agin
g market, w
orth
$58.3
$58.3 bil
bilin 2011, e
stimated to
in 2011, e
stimated to
reach
$71.3
reach
$71.3 bil
bilin 2016
in 2016*
»Favoured fo
r its versa
tility, comparative
low cost a
nd potentia
l for in
novatio
n.
24
Industry InsightIndustry Insight
Growth in flexible packaging to be led by the Asian region…
Global co
nsumer fle
xible packa
ging
consumptio
n by re
gion, 2
011
(% sh
are by volume)
••Asia
: the la
rgest a
nd fa
stest
Asia
: the la
rgest a
nd fa
stest--
growing fle
xible pack
agin
g market
growing fle
xible pack
agin
g market
»Represented 29.1% of global m
arket
volume
»Forecast C
AGR of 7
.9% fo
r 2011 to
2016;
becoming one of th
e fa
stest g
rowing
markets in
the re
gion; le
d by India and
China in lin
e with
their d
eveloping
economies
Industry InsightIndustry Insight
*S
ou
rce
: “Th
e F
utu
re o
f Glo
ba
l Fle
xib
le P
acka
gin
g to
20
16
” by P
iraIn
tern
atio
na
l
