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 Briefing
Unaudited FY2012 Results
7 March 2013
Agenda
Group Financial Highlights
Dividend Record
Share Performance Capital Commitments
Review of Major Operations 5-Year Financial Performance
Prospects for 2013
Group
Financial
Highlights
Financial Results
FOR THE YEAR ENDED 31 DEC 2012PPB Group Operations
Grains Trading, Flour & Feed Milling
Marketing , Distribution & Manufacturing of Consumer Products
Film Exhibition & Distribution Waste Management & Utilities
Property Investment & Development Chemicals, Livestock, Investments &
Other Operations
Financial Results
FOR THE YEAR ENDED 31 DEC 2012(All figures in RM) 2012 2011 CHANGE
Revenue 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%
Financial Ratios
FOR THE YEAR ENDED 31 DEC 20122012 2011
EPS 71.04 sen 82.70 sen
ROE 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*Others :-
Chemicals Trading & Manufacturing [3.66%], Livestock Farming [2.44%], Investment Income [0.38%] &
Others [6.56%]
TOTAL
REVENUE RM3.018 bil
Grains Trading, Flour & Feed Milling 58.17%
Marketing, Distribution & Manufacturing of Consumer Products
12.24%
Waste Management & Utilities 4.89%
Film Exhibition & Distribution 9.12%
Property Investment & Development 2.54%
Chemicals, Livestock, Investments & Others*
13.04%
Segmental Information
FOR THE YEAR ENDED 31 DEC 2012*Others :-
Chemicals Trading & Manufacturing [0.89%], Livestock Farming [-14.82%], Investment Income [6.83%] &
Others [-0.88%]
TOTAL
SEGMENT PROFITS RM198 mil
Grains Trading, Flour & Feed Milling 61.91%
Marketing, Distribution & Manufacturing of Consumer Products
9.87%
Film Exhibition & Distribution 20.13%
Waste Management & Utilities 4.79%
Property Investment & Development 11.28%
-7.98% Chemicals, Livestock, Investments & Others*
Review
Of
Major
Operations
Review of Major Operations
GRAINS TRADING, FLOUR AND FEED MILLING
The increase in revenue for 2012 was due to higher feed sales volume in Malaysia and increase in flour
sales volume in Vietnam and Indonesia.
Despite higher profits generated by increased feed sales volume, PBT was partly offset by unfavourable grains trading results in 3Q2012.
- 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000
Revenue PBT
1,636 135
1,848 122
FY 2011 FY 2012
13%
9%
RM Million
MARKETING, DISTRIBUTION &
MANUFACTURING OF CONSUMER PRODUCTS
Revenue and PBT for 2012
improved due to growth in sales from new products from agencies.
Review of Major Operations
0 50 100 150 200 250 300 350 400 450
Revenue PBT
375 19
389 20
FY 2011 FY 2012 RM Million
4%
1%
FILM EXHIBITION AND DISTRIBUTION
Revenue for 2012 increased due to contribution from the four
new cinemas and higher income from screen advertising.
PBT increased due to higher
profits from the cinema operations and increase in screen advertising income.
Review of Major Operations
0 50 100 150 200 250 300 350
Revenue PBT
283 37
290 40
FY 2011 FY 2012 RM Million
2%
6%
ENVIRONMENTAL ENGINEERING, WASTE MANAGEMENT & UTILITIES
Revenue improved mainly due to recognition of progressive revenue generated by a new project.
PBT decreased mainly due to completion of higher margin
environmental engineering projects whereby the revenue and profits were progressively recognised in the previous quarters.
In 4Q2012, there was an additional cost accrued for rectification work on a completed project.
Review of Major Operations
0 20 40 60 80 100 120 140 160 180
Revenue PBT
154 9.8
155 9.5
FY 2011 FY 2012 RM Million
1%
3%
PROPERTY INVESTMENT &
DEVELOPMENT
Revenue and PBT increased due to sales of high-end bungalows in
Bukit Segar, Kuala Lumpur and semi-detached houses in Taman
Tanah Aman, Seberang Prai Tengah.
Review of Major Operations
0 10 20 30 40 50 60 70 80 90
Revenue PBT
37 16
81 22
FY 2011 FY 2012 RM Million
43%
> 100%
CHEMICALS, LIVESTOCK, INVESTMENTS & OTHER OPERATIONS
Revenue increased mainly due to full year revenue contribution from the bakery segment compared to 6 months in 2011 coupled with the expansion of distribution coverage for bakery products within
Peninsular Malaysia.
PBT for this segment was affected by the losses from livestock and lower income from investments in equities.
Review of Major Operations
-50 0 50 100 150 200 250 300 350 400 450
Revenue PBT
384 12
414 -16
FY 2011 FY 2012 RM Million
8%
> -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 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
1,401 1,732 1,129 1,057 917
RM Million
Year
Capital
Commitments
CAPITAL
COMMITMENT
RM592 mil
Grains Trading, Flour & Feed Milling
RM307 mil
Others
RM45 mil
Film Exhibition & Distribution
RM183 mil
Bakery
RM57 mil
Capital Commitments by Segments
Dividend
Record
Dividend Record
21
Dividend Net Net
Payout Ratio Per Share Dividend Dividend
Gross Net Paid/payable Yield Group Company
Year (sen) (sen) (RM Million) (%) (%) (%)
2012 -Interim
-Final*
7 13 20
7 13 20
82.985 154.115 237.100
]
] 1.7 ]
]
] 28.2 ]
]
] 63 ]
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
2008
#85 68.88 816.572 7.4 63.5 116.0
* 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
Performance
Share Performance
1,400.00 1,450.00 1,500.00 1,550.00 1,600.00 1,650.00 1,700.00 1,750.00
11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB
FBM KLCI
PPB Shares -Month End Closing Price (RM)
PPB Shares - Month End Closing Price (RM) FBM KLCI
FBM KLCI (28.02.13) -> 1,637.63
PPB (28.02.13) -> RM12.38 Jan– Dec 2012 PPB FBM KLCI
Closing 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
Prospects
for
2013
Prospects for 2013
Whilst 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.
Questions
&
Answers
