1 PPB GROUP BERHAD 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 Press and Analyst Briefing Unaudited FY2012 Results 7 March 2013
Transcript
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PPB GROUP BERHAD
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 BriefingUnaudited FY2012 Results7 March 2013
Agenda
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Group Financial Highlights
Dividend Record
Share Performance
Capital Commitments
Review of Major Operations5-Year Financial Performance
Prospects for 2013
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Group Financial
Highlights
Financial Results FOR THE YEAR ENDED 31 DEC 2012
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PPB GroupOperations
Grains Trading, Flour & Feed Milling
Marketing , Distribution & Manufacturingof Consumer Products
Film Exhibition & Distribution
Waste Management & Utilities
Property Investment & Development
Chemicals, Livestock, Investments & Other Operations
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Financial Results FOR THE YEAR ENDED 31 DEC 2012
(All figures in RM) 2012 2011 CHANGERevenue 3.018 bil 2.711 bil 11%Operating Expenses 2.881 bil 2.566 bil 12%PBT* 0.917 bil 1.057 bil 13%Profit for the Year 0.868 bil 1.013 bil 14%EPS 71.04 sen 82.70 sen 14%*Share of Wilmar’s Profit 0.694 bil 0.790 bil 12%
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Financial Ratios FOR THE YEAR ENDED 31 DEC 2012
2012 2011EPS 71.04 sen 82.70 senROE Attributable to Owners of the Parent 5.9% 7.0%
Net Assets Per Share Attributable to Owners of the Parent RM12.04 RM11.86
Segmental Information FOR THE YEAR ENDED 31 DEC 2012
Revenue improved mainly due torecognition of progressive
revenuegenerated by a new project.
PBT decreased mainly due tocompletion of higher marginenvironmental engineering
projectswhereby the revenue and profitswere progressively recognised inthe previous quarters.
In 4Q2012, there was an additional
cost accrued for rectification workon a completed project.
Review of Major Operations
Revenue PBT0
20
40
60
80
100
120
140
160
180
154.
4
9.8
155.
2
9.5
FY 2011FY 2012
RM Mil-lion
1%
3%
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PROPERTY INVESTMENT & DEVELOPMENT
Revenue and PBT increased due to
sales of high-end bungalows inBukit Segar, Kuala Lumpur andsemi-detached houses in TamanTanah Aman, Seberang Prai
Tengah.
Review of Major Operations
Revenue PBT0
10
20
30
40
50
60
70
80
90
37
1681 22
FY 2011FY 2012
RM Mil-lion
43%
> 100%
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CHEMICALS, LIVESTOCK, INVESTMENTS & OTHER OPERATIONS
Revenue increased mainly due tofull year revenue contribution fromthe bakery segment compared to 6months in 2011 coupled with theexpansion of distribution coveragefor bakery products withinPeninsular Malaysia.
PBT for this segment was affectedby the losses from livestock andlower income from investments inequities.
Review of Major Operations
Revenue PBT-50
0
50
100
150
200
250
300
350
400
450
384
12
414
-16
FY 2011FY 2012
RM Mil-lion 8%
> -100%
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5-YearFinancial
Performance
5-Year PBT of PPB Group
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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.
-200 400 600 800
1,000 1,200 1,400 1,600 1,800
2008 2009 2010 2011 2012
1,40
1
1,73
2
1,12
9
1,05
7
917
RM Million
Year
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CapitalCommitments
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CAPITAL COMMITMENT RM592 mil
Grains Trading, Flour & Feed MillingRM307 mil
OthersRM45 mil
Film Exhibition & DistributionRM183 mil
BakeryRM57 mil
Capital Commitments by Segments
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DividendRecord
Dividend Record
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Dividend Net Net Payout RatioPer Share Dividend Dividend Gross Net Paid/payable Yield Group Company
* PPB Board has recommended a final single tier dividend of 13 sen per share for the financial year ended 31 December 2012 payable on 3 June 2013.
# Including Special Dividends of 65 sen per share in year 2010; 50 sen per share in year 2009 and 62 sen per share in year 2008.
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SharePerformance
Share Performance
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB11.00
12.00
13.00
14.00
15.00
16.00
17.00
18.00
1,400.00
1,450.00
1,500.00
1,550.00
1,600.00
1,650.00
1,700.00
1,750.00PPB Shares - Month End Closing Price (RM) FBM KLCI
PPB
Shar
es -
Mon
th E
nd C
losin
g Pr
ice
(RM
)
FBM
KLC
I
2012 2013
FBM KLCI (28.02.13) -> 1,637.63
PPB (28.02.13) -> RM12.38
Jan – Dec 2012 PPB FBM KLCIClosing Price (High) RM17.72 1,688.95
Closing Price (Low) RM11.18 1,504.22
Closing (31.12.12) RM11.60 1,688.95
Average Daily Volume 465,683 135,017,773
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Prospectsfor
2013
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Prospects for 2013Whilst the overall global economic uncertainty continues to be a concern in the coming year, the economies of the emerging markets including China and India are expected to remain resilient, partly supported by domestic consumption.
As the Group’s business divisions are predominantly within the ASEAN region and China, it is anticipated that PPB Group will perform well in year 2013. Notwithstanding this, PPB Group’s overall financial results for 2013 will continue to hinge largely on Wilmar’s business performance for the coming year.
