Disclaimer:
The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements
PRESS AND ANALYST BRIEFING
1H2013 Results
27 August 2013
Agenda
Group Financial Highlights
Share Price Performance Prospects for 2013
Dividend Record
Review of Major Operations
5-Year Financial Performance
Capital Commitments
Group
Financial
Highlights
Financial Results
FOR THE 6 MONTHS ENDED 30 JUNE 2013PPB Group Operations
Flour & Feed Milling, & Grains Trading Marketing, Distribution & Manufacturing of Consumer Products
Film Exhibition & Distribution Waste Management & Utilities
Property Investment & Development Chemicals, Livestock, Investments &
Other Operations
(Figures in RM) 2013 2012 CHANGE
Revenue 1.58 bil 1.46 bil 9%
Operating Expenses 1.51 bil 1.39 bil 9%
Share of Wilmar’s Profit 300 mil 209 mil 44%
PBT 471 mil 324 mil 46%
Profit for the Period 439 mil 302 mil 46%
EPS 36.06 sen 24.20 sen 49%
Financial Results
FOR THE 6 MONTHS ENDED 30 JUNE 20132013 2012
EPS 36.06 sen 24.20 sen
ROE Attributable to
Owners of the Parent 2.9% 2.0%
Net Assets Per Share Attributable to
Owners of the Parent RM12.52 RM11.97
Financial Ratios
FOR THE 6 MONTHS ENDED 30 JUNE 2013Segmental Information
FOR THE 6 MONTHS ENDED 30 JUNE 2013* Chemicals Trading & Manufacturing [3.37%], Livestock Farming [2.54%], Investment Income [0.46%] & Others [6.87%]
Flour & Feed Milling, & Grains Trading 60%
12%
Waste Management & Utilities 3%
Film Exhibition & Distribution 10%
Property Investment & Development 2%
13%
TOTAL
REVENUE RM1.58 bil
Segmental Information
FOR THE 6 MONTHS ENDED 30 JUNE 2013Marketing, Distribution & Manufacturing of Consumer Products
Chemicals, Livestock, Investments & Others*
* Chemicals Trading & Manufacturing [0.37%], Livestock Farming [-6.09%], Investment Income [14.63%] &
Others [1.59%]
TOTAL
SEGMENT PROFITS RM156 mil
Flour & Feed Milling, & Grains Trading 44%
Marketing, Distribution & Manufacturing of Consumer Products
7%
Property Investment & Development 19%
Waste Management & Utilities 2%
Film Exhibition & Distribution 17%
11% Chemicals, Livestock, Investments & Others*
Segmental Information
FOR THE 6 MONTHS ENDED 30 JUNE 2013Review
Of
Major
Operations
Review of Major Operations
FLOUR & FEED MILLING, &
GRAINS TRADING
The increase in revenue for 1H2013 was primarily driven by higher sales volume and improved selling prices of flour and feed.
The higher segment profit was mainly due to better performance
in grains trading.
0 100 200 300 400 500 600 700 800 900 1000
905
66 993
69
RM Million 1H2012
1H2013
10%
5%
Review of Major Operations
MARKETING, DISTRIBUTION &
MANUFACTURING OF CONSUMER PRODUCTS
Revenue and segment profit increased due to improved sales of agency products with better margins.
0 20 40 60 80 100 120 140 160 180 200
192
8.7 193
10.8
RM Million 1H2012
1H2013
1%
25%
Review of Major Operations
FILM EXHIBITION &
DISTRIBUTION
Revenue for 1H2013 increased due to contribution from new cinemas opened in 2012 and
1H2013, improved film distribution and screen advertising revenue.
In line with the improved revenue, profit climbed 40% to RM27 mil.
0 20 40 60 80 100 120 140 160 180
142
20 172
27
RM Million 1H2012
1H2013
21%
40%
Review of Major Operations
ENVIRONMENTAL ENGINEERING,
WASTE MANAGEMENT &
UTILITIES
Revenue and segment profit declined as most of the
environmental engineering projects were at completion stages.
The newly secured projects in 2013 had yet to contribute significantly in 1H2013.
0 10 20 30 40 50 60 70
60
5.1 46
2.9
RM Million 1H2012
1H2013
23%
43%
Review of Major Operations
PROPERTY INVESTMENT &
DEVELOPMENT
Revenue decreased for 1H2013.
This was mainly due to higher revenue recognised in 1H2012 on the sale of bungalows in Bukit Segar, Kuala Lumpur and
semi-detached houses in Taman Tanah Aman, Seberang Prai
Tengah.
Segment profit increased mainly due to a gain of RM16.8 mil from the sale of an investment property.
0 5 10 15 20 25 30 35 40
40
13 32
30
RM Million 1H2012
1H2013
20%
>100%
Review of Major Operations
CHEMICALS, LIVESTOCK, INVESTMENTS & OTHER OPERATIONS
The growth in revenue was
mainly contributed by increased bakery sales and higher
contribution from livestock segment.
Segment profits improved mainly due to the gain on the disposal of the Group’s investment in
Tradewinds (M) Berhad.
-50 0 50 100 150 200 250
196
-8.4 219
16.4
RM Million 1H2012
1H2013
12%
>100%
5-Year
Financial
Performance
5-Year PBT of PPB Group
Note : PBT for FY2010 excludes the gain of RM841 million from the disposal of the sugar-related
5-Year PBT of PPB Group
- 200 400 600 800 1,000 1,200 1,400 1,600 1,800
2009 2010 2011 2012 Jan-Jun 2013
1,732 1,129 1,057 917 471
RM Million
Year
Capital
Commitments
(All figures in RM’million) 2013
As reported previously (7 March 2013) 592
Additions/ Project Revision 107
699
Amount Spent (171)
Balance to be Spent 528
Capital Commitments
CAPITAL
COMMITMENTS
RM528 mil
Flour & Feed Milling, & Grains Trading
RM245 mil
Bakery
RM48 mil
Film Exhibition & Distribution
RM147 mil
Property Investment & Development
RM60 mil
Capital Commitments by Segments
Capital Commitments by Segments
RM7 mil
Consumer Products
RM9 mil
Frozen Food Processing
RM12 mil
Others
Dividend
Record
Dividend Record
Dividend Net Net
Payout Ratio Per Share Dividend Dividend
Gross Net Paid/payable Yield Group Company
Year (sen) (sen) (RM Million) (%) (%) (%)
2013
Interim
#8 8 94.840 0.6 22.2 84.3
2012 20 20 237.100 1.7 28.2 63.0
2011 23 23 272.665 1.3 27.8 28.4
2010* 88 88 1,043.240 5.1 100.1 294.1
2009* 73 73 865.415 4.6 53.6 14.8
* Include Special Dividends of 65 sen per share in year 2010 and 50 sen per share in year 2009.
Dividend Record
Dividend Record
Share Price
Performance
Share Price Performance
1,450.00 1,500.00 1,550.00 1,600.00 1,650.00 1,700.00 1,750.00 1,800.00 1,850.00
0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00
SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG
FBM KLCI
PPB Shares -Month End Closing Price (RM)
PPB Shares - Month End Closing Price (RM) FBM KLCI
FBM KLCI (23.08.13) 1,721.07 PPB (23.08.13) RM13.92
Jan-Jun 2013 PPB FBM KLCI
Closing Price (High) 14.16 1,788.43 Closing Price (Low) 12.00 1,613.33 Closing (28.06.13) 14.16 1,773.54 Average Daily Volume 744,345 167,433,601
Prospects
for
2013
Prospects for 2013
The domestic demand in Malaysia is expected to be well supported by resilient consumer and business
spending. This will continue to drive the performance of the Group’s core business segments in the remaining quarters.
Regionally, expansion of the Group’s flour milling capacity in Indonesia and Vietnam is progressively
coming on-stream to supply additional volume in those markets. Sustained by continuing robust domestic
consumption, the Group’s overseas operations are
expected to maintain growth for the rest of the year.
Prospects for 2013
On the whole, the Group’s operations are expected to perform well in 2013; nonetheless the overall
financial results depend substantially on Wilmar’s
business performance for the year.
