3QFY2018 Financial Results Quarter Ended 31 December 2017
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Key Highlights FINANCIAL Revenue improved by 13.4% to RM9.73 billion y-o-y. Recorded PBT of RM557.8 million for 9M18 on the back of improved performance by Services and Property sectors. AUTOMOTIVE Lower sales volume in tandem with the soft Malaysia TIV in 2017. Adverse results due to one-off impairment of product development capitalised costs relating to PROTON. Loss on disposal of Lotus Advance Technologies Sdn. Bhd. reduced the overall profits. Honda still retains its top spot in the non-national category with 19% market share. SERVICES Improved performance y-o-y largely due to favourable contribution by courier and logistics businesses of Pos Malaysia Group by 40.1% y-o-y. PROPERTY On-going construction projects by Northern Gateway Infrastructure and Media City boosting the performance of the sector. 3
Results Summary For the Financial Period Ended 31 December 2017 (RM million) 9M18 9M17* 3Q18 2Q18 3Q17* OTHER INCOME +>100% Y-O-Y EARNINGS PER SHARE +>100% Y-O-Y PATAMI 9M18 OPERATING REVENUE +13.4% Y-O-Y +>100% Y-O-Y PROFIT BEFORE TAX +>100% Y-O-Y Operating Revenue 9,727.7 8,576.7 Other Income 1,582.0 722.3 Cost of Sales & Operating Expenses Profit/(Loss) Before Tax (10,091.0) (8,773.7) 557.8 30.7 EPS (sen) 26.31 (6.57) 3,047.4 3,343.6 3,431.9 131.4 1,365.7 565.7 (3,128.6) (3,561.1) (3,437.3) (259.9) 890.4 419.6 (3.01) 38.10 18.20 PATAMI 508.7 (127.1) (58.2) 736.6 351.9 Note: * Restated 4
Group Revenue Sectorial breakdown (RM million) YoY: 11.2% YoY: 13.4% QoQ: 8.9% 9M18 Revenue Breakdown by Segment 3,431.9 37.5 1,119.5 3,343.6 316.7 3,047.4 225.0 1,079.5 1,075.8 8,576.7 180.4 2,428.9 9,727.7 638.8 3,276.3 Services 34% PAC 6% RM9.7 billion Automotive 60% 2,274.9 1,947.4 1,746.6 5,967.4 5,812.6 9M17 9M18 Automotive Services PAC Note: PAC Property, Asset and Construction 5
Group Profitability PBT/(LBT) (RM million) YoY: >100% YoY: >100% QoQ: >100% 890.4 48.5 91.1 30.7 557.8 101.5 419.6 387.3 290.3 395.2 91.7 822.6 (259.9) 46.0 96.8 216.3 330.2 (20.1) (348.4) (335.5) 9M17 9M18 Automotive Services PAC Total PBT figures include Investment Holding as tabulated below:- (RM million) 9M17 9M18 Investment Holding (47.2) (71.8) (54.3) (237.4) (164.2) Note: PAC Property, Asset and Construction 6
Automotive Revenue (RM million) YoY: 23.2% YoY: 2.6% QoQ: 10.3% 9M18 Automotive Revenue Breakdown 2,274.9 5,967.4 5,812.5 AD 20% 1,121.2 1,947.4 1,746.6 1,009.5 731.9 2,936.8 2,874.4 PROTON 50% RM5.8 billion AC 8% 574.3 393.8 487.9 183.0 157.0 164.2 396.4 387.1 362.6 1,514.7 1,301.1 467.3 477.4 1,048.6 1,159.6 D&A 22% 9M17 9M18 Automotive Distribution (AD) Automotive Component (AC) Defence & Aviation (D&A) PROTON 7
Sales Performance By marques Units 66% Total Industry Volume 9M18 435,795 units 22,199 16,903 14,695 28,568 26,215 30,769 34% 147,073 units 3,604 2,681 2,915 2,039 1,399 1,977 56% 35% 3% 6% Source: MAA 8
Services Revenue (RM million) YoY: 3.9% YoY: 34.9% QoQ: 0.3% 3,276.3 9M18 Services Revenue Breakdown 1,119.5 1,079.5 1,075.8 4.6 3.9 4.5 594.4 557.1 583.8 2,428.9 13.6 14.7 1,717.9 870.9 634.0 651.6 Logistics 53% Education RM3.3 billion Banking 27% Concession 20% 223.5 215.1 229.1 297.0 303.4 258.4 909.3 893.2 9M17 9M18 Banking Concession Logistics Education 9
Property, Asset and Construction Revenue (RM million) YoY: >100% YoY: >100% QoQ: 29.0% Glenmarie Golf & Country Club 316.7 225.0 638.8 Media City 37.5 180.4 9M17 9M18 ICQS 10
Group Financial Position Key Ratios (RM billion) As at 31 Dec 17 As at 31 Mar 17 (Restated) As at 31 Dec 17 As at 31 Mar 17 (Restated) Property, Plant & Equipment 6.2 6.5 Banking Related Assets 22.6 22.9 Inventories 1.7 2.3 Cash & Bank Balances 3.3 2.9 Trade & Other Receivables 4.3 4.3 Others 4.8 5.2 TOTAL ASSETS 42.9 44.1 Equity attributable to Owners of the Company 6.8 6.1 Perpetual Sukuk 1.0 1.1 Net Assets Per Share (RM) 3.50 3.14 Gearing Ratio (times)*: Gross Net 0.58 0.19 0.61 0.28 Return on Equity (%) 7.51 (7.52) Return on Capital Employed (%) Note: * Based on Total Equity 5.01 0.86 RCCPS 0.7 1.3 Non-controlling Interest 2.0 1.9 Short Term Borrowings (include OD) 2.3 2.2 Long Term Borrowings 3.8 4.1 Banking Related Liabilities 19.1 20.0 Others 7.2 7.4 TOTAL EQUITY & LIABILITIES 42.9 44.1 11
Shareholders of DRB-HICOM As at 5 January 2018 (%) 3.9 3.9 3.9 3.5 3.4 4.7 4.7 5.0 4.7 5.8 5.6 5.2 4.7 5.3 6.0 8.7 8.6 8.8 6.5 6.0 3.3 7.1 5.8 8.4 55.9 55.9 55.9 55.9 55.9 55.9 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Etika Strategi Sdn Bhd Foreign Shareholders Employees Provident Fund Lembaga Tabung Haji Kumpulan Wang Persaraan (Diperbadankan) 12
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