15
ANALYST BRIEFING FIRST HALF 2016 RESULTS 23 AUG 2016
ANALYST BRIEFING
FIRST HALF 2016 RESULTS
23 AUG 2016
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 2
Group Financial Highlights
Review of Sales Performance
Sugar Market Overview
Q&A Session
01
02
03
04
AGENDA
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 3
GROUP FINANCIAL HIGHLIGHTSFOR THE SECOND
QUARTER 2016 RESULTS
LOGISTICS
SUGAR
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 4
FINANCIAL HIGHLIGHT 2Q 2016
2Q 2016 2Q 2015 Change
Revenue (RM mil) 634 588 7.82%
Profit Before Tax (RM mil) 31 105 (70.47%)
Profit for the Period (RM mil) 24 79 (69.62%)
Total Assets (RM mil) 2,739 2,478 10.53%
Total Liabilities (RM mil) 720 482 49.37%
Cash and Cash Equivalents (RM mil) 343 179 91.62%
Net Tangible Assets per share (NTA) 2.87 2.90 1.03%
Earning per Share (EPS) 3.37 sen 11.26 sen (70.07%)
Gearing Ratio* 12.67% 12.60% 0.07%
* Gearing ratio equals to net debt divided by total capital of the Group. Net debt is calculated as total borrowings (including ‘current and non-current borrowings’ as shown in the consolidated statement of financial position). Total capital is calculated as ‘equity attributable to owners of the Group’ as shown in the consolidated statement of financial position plus the net debt of the Group.
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 5
GROUP FINANCIAL HIGHLIGHTS
2Q 2016 VS 2Q 2015
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 6
FINANCIAL RESULTS 2Q 2016
(RM mil) 2Q 2016 2Q 2015 Change
Revenue 634 588 7.82%
GP margin 13.55% 25.51% (11.96%)
Expenses (603) (483) 24.84%
Profit Before Tax 31 105 (70.47%)
Profit for the Period 24 79 (69.62%)
Net profit margin 3.79% 13.44% (9.65%)
EPS 3.37 sen 11.26 sen (70.07%)
Attributable to Shareholders- ROE- NTA RM/Share
1.19%2.87
3.96%2.90
(2.77%)1.03%
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 7
GROUP FINANCIAL HIGHLIGHTS
1H 2016 VS 1H 2015
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 8
FINANCIAL RESULTS 1H 2016
(RM mil) 1H 2016 1H 2015 Change
Revenue 1,187 1,097 8.20%
GP margin 15.96% 24.43% (8.47%)
Expenses (1,092) (901) 21.20%
Profit Before Tax 92 196 (53.06%)
Profit for the Period 83 150 (44.67%)
Net profit margin 6.99% 13.67% (6.68%)
EPS 11.81 sen 21.36 sen (44.71%)
Attributable to Shareholders- ROE- NTA RM/Share
4.11%2.87
7.52%2.90
(3.41%)1.03%
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 9
REVIEW OF SALES PERFORMANCE
LOGISTICS
SUGAR
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 10
SALES REVENUE 1H 2016 vs 1H 2015
565
502
410
477
132112
0
100
200
300
400
500
600
1H 2016 1H 2015
RM mil Domestic Industries Export
51%
46%
12%
44%
10%
37%
* Note: 1) Sales figure is AFTER consolidation adjustment2) The sales figure excludes the sales of molasses
*TOTAL SALESRM 1,091 mil
*TOTAL SALESRM 1,107 mil
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 11
SALES VOLUME 1H 2016 vs 1H 2015
222
195 204
225
81
65
0
50
100
150
200
250
1H 2016 1H 2015
MT ‘000 Domestic Industries Export
44%
41%
16%
46%
13%
*TOTAL SALES485,151 mt
40%
* Note: 1) Sales figure is AFTER consolidation adjustment2) The sales figure excludes the sales of molasses
*TOTAL SALES506,974 mt
23/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 12
LOGISTICS
SUGARSUGAR MARKET OVERVIEW 2016
MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 13
NY11 PRICE MOVEMENT
0.00
5.00
10.00
15.00
20.00
25.00
28-Jul-15 28-Aug-15 28-Sep-15 28-Oct-15 28-Nov-15 28-Dec-15 28-Jan-16 28-Feb-16 28-Mar-16 28-Apr-16 28-May-16 28-Jun-16
US
D C
ents
/Lb
Raw Sugar NYContinuation Price - Last 12 MonthsSugar NY
GLOBAL PRODUCTION AND CONSUMPTION BALANCE
0.31
6.507.60
6.044.75
8.54
10.36
4.633.68
-0.77 -2.34-1.20
-7.42
-1.66 -2.21-4.10
-10.00
-5.00
0.00
5.00
10.00
15.00
01|0
2
02|0
3
03|0
4
04|0
5
05|0
6
06|0
7
07|0
8
08|0
9
09|1
0
10|1
1
11|1
2
12|1
3
13|1
4
14|1
5
15|1
6
16|1
7Mill
ion
MT
Surplus/Deficit
Surplus Deficit
23/08/2016
MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016 Page 14
BRL -USD
0
1
2
3
4
5
4-Jan-16 4-Feb-16 4-Mar-16 4-Apr-16 4-May-16 4-Jun-16 4-Jul-16
FX U
SD t
o B
RL
BRL/USDFH-2016
Average for FH2016 at 3.6498
MYR -USD
3.4
3.6
3.8
4
4.2
4.4
4.6
4-Jan-16 4-Feb-16 4-Mar-16 4-Apr-16 4-May-16 4-Jun-16 4-Jul-16
FX U
SD t
o M
YR
USD-MYRFH-2016
Average for FH2016 at 4.0820
MYR Weakest in Jan16 at 4.435
MYR Strongest in
Apr16 at 3.8375
MYR Weakens in
renewed FED rate
hike speculation.
23/08/2016
Page 1523/08/2016MSM MALAYSIA HOLDINGS BERHAD Analyst Briefing 2Q 2016
Thank You
