44 th Annual General Meeting 24 th August 2016 DEWAN BERJAYA, BUKIT KIARA EQUESTRIAN & COUNTRY RESORT Kumpulan Fima Berhad fima.com.my
DISCLAIMER This presentation may contain forward-looking statements by Kumpulan Fima Berhad that reflect management’s current expectations, beliefs, intentions or strategies regarding the future and assumptions in light of currently available information. These statements are based on various assumptions and made subject to a number of risks, uncertainties and contingencies. Actual results, performance or achievements may differ materially and significantly from those discussed in the forward-looking statements. Such statements are not and should not be construed as a representation, warranty or undertaking as to the future performance or achievements of Kumpulan Fima Berhad and Kumpulan Fima Berhad assumes no obligation or responsibility to update any such statements. No representation or warranty (either express or implied) is given by or on behalf of Kumpulan Fima Berhad or its related corporations (including without limitation, their respective shareholders, directors, officers, employees, agents, partners, associates and advisers) (collectively, the "Parties") as to the quality, accuracy, reliability or completeness of the information contained in this presentation (collectively, the "Information"), or that reasonable care has been taken in compiling or preparing the Information. None of the Parties shall be liable or responsible for any budget, forecast or forward-looking statements or other projections of any nature or any opinion which may have been expressed in the Information. The Information is and shall remain the exclusive property of Kumpulan Fima Berhad and nothing herein shall give, or shall be construed as giving, to any recipient(s) or party any right, title, ownership, interest, licence or any other right whatsoever in or to the Information herein. The recipient(s) acknowledges and agrees that this presentation and the Information are confidential and shall be held in complete confidence by the recipient(s). No part of this presentation is intended to or construed as an offer, recommendation or invitation to subscribe for or purchase any securities in Kumpulan Fima Berhad. fima.com.my Kumpulan Fima Berhad
KFIMA AT CHALLENGES AGENDA A GLANCE OPERATION PERFORMANCE OVERVIEW OVERVIEW FINANCIAL MOVING SNAPSHOT FORWARD 44 th Annual General Meeting fima.com.my
KFIMA AT A GLANCE 3 COUNTRIES 4 CORE BUSINESSES Manufacturing Production and and distribution trading of of canned fish security and and food confidential TOTAL MANUFACTURING FOOD packaging documents 3,232 WORKFORCE Male Female Bulk handling and storage of Oil Palm and various types of pineapple liquid; as well as cultivation and transportation processing PLANTATION BULKING and forwarding services 48% 52% fima.com.my Kumpulan Fima Berhad
PERFORMANCE OVERVIEW REVENUE NET ASSET PER SHARE RM541.11mil RM2.70 PROPOSED DIVIDEND EBITDA OF OF RM150.43mil 9.0% SHAREHOLDERS’ TOTAL TOTAL GROUP FUNDS CASH ASSETS BORROWINGS RM748.30mil RM247.59mil RM1,185.66mil RM32.73mil fima.com.my Kumpulan Fima Berhad
FINANCIAL SNAPSHOT VARIANCE FYE 2016 FYE 2015 % Revenue 541.11 544.79 (0.7) PBT 111.67 122.30 (8.7) EBITDA 150.43 159.44 (5.7) EARNING PER 20.51 21.26 (3.5) SHARE (EPS) NET ASSETS PER 1.89 2.70 2.65 SHARE fima.com.my Kumpulan Fima Berhad
CHALLENGES Cautious consumer Volatile Weakened spending & higher commodity prices Malaysian ringgit input costs due to affecting global against major tighter monetary demand & currencies policies products Adverse weather / Slowdown in major Climate change economies such as China and EU El Nino, El Nina Macroeconomic conditions not expected to change significantly in current financial year in light of prevailing challenges fima.com.my Kumpulan Fima Berhad
FINANCIAL SNAPSHOT – REVENUE BREAKDOWN FYE 2016 -0.7% Decrease Revenue Contribution By Geography (%) RM541.11mil Y-o-Y Revenue By Business 4.31 5.05 88.42 90.76 Indonesia 19.0% 67.45 66.81 Papua New Guinea 112.63 115.69 15.2% 268.3 266.48 Malaysia 65.8% FYE 2016 FYE 2015 Manufacturing Plantation Bulking Food Others fima.com.my Kumpulan Fima Berhad
FINANCIAL SNAPSHOT – PBT BREAKDOWN -8.7% Decrease FYE 2016 PBT Contribution By Geography (%) Y-o-Y RM111.67mil PBT By Core Business 0.28 4.72 Indonesia 38.08 19.2% 38.88 Papua New Guinea 4.2% 24.73 14.78 Malaysia 54.01 50.54 76.6% FYE 2016 FYE 2015 Manufacturing Plantation Bulking Food fima.com.my Kumpulan Fima Berhad
DIVIDEND DELIVERING SHAREHOLDERS’ VALUE Highest Ever Dividend Single Tier PROPOSED PAY OUT IS ON Entitlement Final Dividend 30 SEPTEMBER 2016 FYE 2016 of 9.0% FYE 2015 Dividend 8.5% fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW - MANUFACTURING Revenue (in RM million) Revenue Breakdown (in RM million) 268.30 266.48 152.28 149.06 + 0.7% Increased due Y-o-Y to improved sales volumes 86.94 87.94 2015/2016 2014/2015 PBT (in RM million) 54.01 + 6.9% PBT increased Y-o-Y 50.54 20.27 mainly due to 18.24 9.98 6.97 lower 1.57 1.53 depreciation Travelling Licenses Confidential Rental Others costs Documents Documents Income 2015/2016 2014/2015 2015/2016 2014/20152 fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW - MANUFACTURING MANUFACTURING PRIORITIES MANUFACTURING Focus On Core Enhance Product & Entry Into Activities Services Pipe-line New Markets Strengthen Strategic Turn Customer Alliance With Partners Into Key Account fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW - PLANTATION Revenue (in RM million) FYE 2016 115.69 Age Profile of Palms 112.63 (2.6%) Immature 4-9 Years 10-18 Years Y-o-Y 10-18 Years Immature 49% 38% Both revenue and PBT 2015/2016 2014/2015 reduced due PBT (in RM million) to lower of 4-9 Years 28.79 CPO Price 13% (48.8%) 14.78 FYE 2016 FYE 2016 Y-o-Y 21.26 mt 22.42% Yield Per Oil Extraction Hectare Rate 2015/2016 2014/2015 fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW - PLANTATION FFB Harvested (Mt) Cost of FFB (RM/Mt) - Malaysia 164,738 162,526 160,793 161,848 319.59 314.26 144,426 222.12 215.47 199.63 2016 2015 2014 2013 2012 2016 2015 2014 2013 2012 Processing Cost of FFB (RM/Mt) Cost of FFB (RM/Mt) - Indonesia 2016 2012 27.2 30.4 259.36 240.2 226.5 216.5 197.5 2015 2013 27.9 26.9 2014 26.2 2016 2015 2014 2013 2012 fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW – PLANTATION Gabungan Warisan Taka Worldwide Trading Sdn Bhd Amgreen GainSdn Bhd Sdn Bhd Gua Musang, Kelantan Ladang Amgreen Kuala Krai, Kelantan 202.30 ha. 4888.89 ha. 249.82 ha. Etika Gangsa Sdn Bhd Gua Musang, Kelantan 202.30 ha. Cendana Laksana Sdn Bhd Kemaman, Terengganu R.N.E. Plantation Sdn. Bhd 785.39 ha Sg. Siput, Perak PT Nunukan Jaya Lestari 2,000.00 ha. Pineapple Cannery of Malaysia Sdn Bhd Kalimantan Timur, Indonesia Johor 19,974.13 ha 1,241.67 ha (Oil Palm and Pineapple) 29,544.58 HA TOTAL AREA 12,545.7 HA PLANTED AREA fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW – PLANTATION Estate Update: Cendana Laksana Sdn Bhd (Kemaman, Terengganu) PHASE 1 PHASE 2 ACTIVITIES 380.38 ha 388.69 ha Authorities Approval land Clearing Road Terracing Phase 1 Field Drain Phase 1 Palm Planting Main Drain Field Drain Chambering Holing Maucuna Bracteata Planting Palm Planting Phase 2 Field Drain Phase 2 Terracing Palm planting will be completed by end of August 2016 In Progress Not Started Completed fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW – PLANTATION Estate Update: Gabungan Warisan Sdn Bhd (Kuala Krai, Kelantan) ACTIVITIES 250.00 ha Authorities Approval land Clearing Road Terracing Main Drain Field Drain Chambering Holing Maucuna Bracteata Planting Planting program have started in Palm Planting August 2016 In Progress Not Started Completed fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW – PLANTATION Estate Update: Taka Worldwide Trading Sdn Bhd & Etika Gangsa Sdn Bhd (Gua Musang, Kelantan) ARING 1 ARING 2 ACTIVITIES 202.34 ha 202.34 ha Authorities Approval Land Clearing Road Terracing Main Drain Field Drain Chambering Holing Maucuna Bracteata Planting Planting expected to Palm Planting commence in September 2016 In Progress Not Started Completed fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW – PLANTATION Estate Update: R.N.E Plantation Sdn Bhd (Sg. Siput, Perak) SG. SIPUT ACTIVITIES 2,000 HA Authorities Approval Land Clearing Road Terracing Main Drain Field Drain Chambering Holing Maucuna Bracteata Planting Palm Planting In Progress Not Started Completed fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW – PLANTATION Estate Update: Amgreen Gain Sdn Bhd (Miri, Sarawak) Plantable Area Net Area 4,610.37 ha 4713.76 ha 4,888.89 ha (96% of net 4,410.37 ha area) Balance 200 ha 103.39 ha to be completed in Q4 2016 PLANTED PLA MATURE IMMATURE IM fima.com.my Kumpulan Fima Berhad
OPERATIONAL OVERVIEW – PLANTATION Estate Update: Amgreen Gain Sdn Bhd (Miri, Sarawak) fima.com.my Kumpulan Fima Berhad
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