Sime Darby Berhad Investor Presentation Invest Malaysia 2017 Kuala Lumpur 25 & 26 July 2017
Agenda Table of Contents A Sime Darby’s Financial Highlights B Key Divisional Highlights C Sime Darby’s Pure Play Strategy 2
5-Year Financial Summary A Revenue, PBIT and PATAMI In RM billion 46.6 46.1 R EV ENUE 44.0 43.9 43.7 5.8 4.8 4.4 PBIT 3.4 3.1 4.3 3.8 3.5 PA TA MI 2.4 2.4 FY2012 FY2013 FY2014 FY2015 FY2016 3
Nine Months ended 31 March 2017 A YoY Comparison (vs. 9MFY2016) In RM million YOY% 9MFY2017 9MFY2016 8% 34,884 32,235 REVENUE 30% 2,622 2,015 PBIT 48% 2,557 1,727 PBT 40% 1,786 1,272 PATAMI 33% 27.1 20.4 BASIC EPS (sen) 4
9MFY2017 Divisional PBIT B YoY Comparison (vs. 9MFY2016) 9MFY2017 1 Commentary PLANTATION RM1,573mn 3QFY17 9MFY17 +184% YoY 2.46mn MT 7.33mn MT FFB Production (+18% YoY) (-2% YoY) 9MFY16: RM3,088/MT RM2,861/MT Average CPO RM553mn Price Realised (+40% YoY) (+35% YoY) RM39mn RM160mn Midstream & Downstream (-36% YoY) (-2% YoY) PROPERTY RM376mn • Lower profit in 3QFY17 due to: -51% YoY • Gain on disposal of SD Property (Dunearn) and SD Property (Kilang) of RM406mn registered in 3QFY16 9MFY16: • Gain on disposal of 403 acres of land in Glengowrie RM771mn Estate of RM202mn • Provision for unsold stocks and the abortive cost on the proposed acquisition of Japan Residential Assets Manager Limited and new units in Saizen Real Estate Investment Trust, totalling RM118mn • 9MFY17’s profit included a share of profit from the Battersea Power Station Project of RM87mn, the gain on partial disposal of the Group’s interest in E&O Berhad of SD = Sime Darby RM35mn E&O = Eastern & Oriental ¹ Excludes corporate expenses 5
9MFY2017 Divisional PBIT B YoY Comparison (vs. 9MFY2016) 9MFY2017 1 Commentary MOTORS RM392mn • Higher contributions from Malaysia, China/HK, Australia/NZ +29% YoY despite weaker profit from SE Asia ex. Malaysia 9MFY16: RM305mn INDUSTRIAL RM188mn • Higher contributions from Australasia, China and Malaysia in -11% YoY 3QFY17 • Lower engine deliveries to the oil & gas and marine sectors 9MFY16: in Singapore RM211mn LOGISTICS RM36mn • Higher water consumption & higher throughput in Weifang -48% YoY Port offset by lower throughput at Jining ports due to tighter environmental control by Jining authority 9MFY16: • 9MFY16’s profit included the recognition of RM19mn RM69mn government grant OTHERS RM38mn • Higher contribution from the Healthcare business following +192% YoY the increase in both inpatient and outpatient visits • RM10mn in 3QFY17 (+25% YoY) 9MFY16: • In 9MFY16, the Group recognised a share of losses in Tesco RM13mn of RM19mn ¹ Excludes corporate expenses 6
Key Divisional Highlights - Plantation B FY2016 9MFY2017 External RM11,877mn, +16% YoY RM10,771mn (+23% YoY) Revenue FY2015: RM10,269mn 9MFY16: RM8,779mn PBIT RM1,052mn, -19% YoY RM1,573mn (+184% YoY) FY2015: RM1,291mn 9MFY16: RM553mn Upstream RM811mn, -30% YoY RM1,413mn, +263% YoY & Others (FY2015: RM1,201mn) (9MFY16: RM389mn) FFB production 9.62mn MT, -0.2% YoY 7.33mn MT, -2% YoY FFB production (FY2015: 9.64mn MT) (9MFY16: 7.52mn MT) OER 21.89%, +0.18% YoY 21.3%, -0.7% points YoY OER (FY2015: 21.71%) (9MFY16: 22.0%) Average CPO RM2,242/MT, +2% YoY Average CPO RM2,861/MT, +35% YoY price realised (FY2015: RM2,193/MT) price realised (9MFY16: RM2,113/MT) Midstream RM242mn, >+100% YoY RM160mn, -2% YoY & Downstream (FY2015: RM90mn) (9MFY16: RM164mn) 7 Note: OER – Oil Extraction Rate
Key Divisional Highlights - Plantation B FFB Production (mn MT) More young areas have come into maturity • (FY2017 cumulative mature area from Average mature ha: -2% YoY replanting: ~68,000 ha*) 514k 504k FY16 FY17 • Boost our production and age profile in coming quarters -2% 7.52 7.33 NBPOL’s 9MFY17 FFB production improved • significantly (+10% YoY), outperforming its -24% +5% +18% achievement over the past 2 years 2.83 • The counter-cyclical crop trend in PNG & 2.72 2.60 2.46 2.15 2.09 Solomon Islands complements the peaks and lows experienced in Indonesia and Malaysia 1Q 2Q 3Q 9M *for replanting done since FY2010 Average CPO Price Realised (RM/MT) FY16 FY17 Supported by strong improvement in • +40% average CPO price realised in 9MFY17 +24% +37% +35% 3,088 2,861 2,835 2,592 CPO prices expected to trend lower on the • 2,200 back of rising CPO stocks and FFB production 2,113 2,088 2,066 8 1Q 2Q 3Q 9M
Key Divisional Highlights - Plantation B 5-Year Historical FFB Production 5-Year Historical Average CPO Price (mn MT) Realised (RM/MT) 10.13 9.76 9.64 9.62 9.42 2,925 2,451 2,317 2,242 2,193 FY2012 FY2013 FY2014 FY2015 FY2016 FY2012 FY2013 FY2014 FY2015 FY2016 9
Key Divisional Highlights - Property B FY2016 9MFY2017 External RM2,865mn, -17% YoY RM1,443mn (-24% YoY) Revenue FY2015: RM3,455mn 9MFY16: RM1,894mn PBIT RM1,065mn, +20% YoY RM376mn (-51% YoY) FY2015: RM889mn 9MFY16: RM771mn Property RM598mn, -28% YoY RM282mn, -25% YoY Development (FY2015: RM831mn) (9MFY16: RM374mn) Property RM467mn, >+100% YoY RM94mn, -76% YoY Investment (FY2015: RM58mn) (9MFY16: RM397mn) 10
Key Divisional Highlights - Property B Key Operational Highlights Upcoming Launches in 4QFY2017 Unbilled Sales ( RM’mn ) Casira 1 and 2, 1,781 Bandar Bukit Raja 1,465 1,217 +22% +20% 193 units of linked houses As at 30 Sep'16 31 Dec'16 31 Mar'17 Est. GDV of RM141mn Gross Sales Value ( RM’mn ) 449.6 435.9 395.2 Phase G3A, -9% +14% Elmina East 14 units of 2 & 3 1QFY2017 2QFY2017 3QFY2017 storey shop offices Est. GDV of RM27mn Units Sold 626 +46% 435 430 -1% Take-up Rate of 64% as at 31 Mar’17 vs 61% as at 31 Mar’16 1QFY2017 2QFY2017 3QFY2017 GDV – Gross Development Value 11
Key Divisional Highlights - Motors B FY2016 9MFY2017 External RM18,924mn, +1% YoY RM15,162mn (+8% YoY) Revenue FY2015: RM18,646mn 9MFY16: RM14,083mn PBIT RM503mn, +6% YoY RM392mn (+29% YoY) FY2015: RM474mn 9MFY16: RM305mn Malaysia RM87mn, -57% YoY RM70mn, +150% YoY (FY2015: RM204mn) (9MFY16: RM28mn) SE Asia ex RM192mn, >+100% YoY RM100mn, -28% YoY M’sia (FY2015: RM28mn) (9MFY16: RM139mn) China/HK RM134mn, +8% YoY RM155mn, +74% YoY (FY2015: RM124mn) (9MFY16: RM89mn) Australia/ RM90mn, -24% YoY RM67mn, +37% YoY NZ (FY2015: RM118mn) (9MFY16: RM49mn) 12
Key Divisional Highlights - Motors B New Models Launched in 3QFY2017 Ford Ranger Black WildTrak BMW 1-Series March 2017, Malaysia March 2017 China All New BMW 5-Series Enhanced dynamics, unmatched connectivity and an innovative operating system March 2017 China, Malaysia & Singapore Key Highlights • Sold 62,984 units of vehicles, +3% YoY in 9MFY17 • Proposed disposal of the Citroen & Peugeot businesses in Australia and New Zealand to focus on the expansion of its retail car and commercial truck footprints in both countries Expected completion on 1 st Jun’17 • • Opening of new BMW 4S Centre of Shenzhen Bow Chuang Nanshan Branch in Qianhai (March 2017) 13
Key Divisional Highlights - Industrial B FY2016 9MFY2017 External RM9,618mn, -9% YoY RM7,245mn (+0.4% YoY) Revenue FY2015: RM10,558mn 9MFY16: RM7,217mn PBIT RM326mn, -37% YoY RM188mn (-11% YoY) FY2015: RM521mn 9MFY16: RM211mn Malaysia RM53mn, -40% YoY RM51mn, +65% YoY (FY2015: RM88mn) (9MFY16: RM31mn) SE Asia ex RM99mn, -24% YoY RM6mn, -93% YoY M’sia (FY2015: RM130mn) (9MFY16: RM82mn) China/HK RM102mn, -9% YoY RM63mn, -6% YoY (FY2015: RM112mn) (9MFY16: RM67mn) Australasia RM73mn, -62% YoY RM68mn, +119% YoY (FY2015: RM192mn) (9MFY16: RM31mn) 14
Key Divisional Highlights - Industrial B MALAYSIA RM1.25 • Improvement in equipment deliveries & product support sales , billion driven by the construction sector Order book as at • Potential new job opportunities from mega-infrastructure 31 Mar’17 projects in Malaysia (e.g. LRT, MRT, WCE, HSR, Pan Borneo HW) AUSTRALASIA DIVISION’S PADE BREAKDOWN • Better performance from the Product Support business segment Equipment Sales for 3QFY17 (+17% YoY for Parts, +111% YoY for Services) as ~ 10% mining industry sentiment improved following the stabilisation of coal prices • However the Adani project in Galilee Basin , Queensland is further delayed pending the decision by the local government on 9M royalty regime to mining companies FY2017 CHINA • Buoyant construction industry – stronger demand for HEX machines but lower engines delivery to the marine sector Product Support • HEX sales in Feb & Mar 2017 - all time high in CEL history ~ 90% Note : PADE - Profit After Direct Expenses , CEL – China Engineers Ltd, HEX – Hydraulic Excavator 15 WCE – West Coast Expressway, HSR – KL-Spore High Speed Rail, Pan Borneo HW – Pan Borneo Highway
Key Divisional Highlights - Logistics B FY2016 9MFY2017 External RM629mn, -14% YoY RM222mn (+2% YoY) Revenue FY2015: RM730mn 9MFY16: RM217mn PBIT RM106mn, -16% YoY RM36mn (-48% YoY) FY2015: RM126mn 9MFY16: RM69mn Weifang and RM98mn, +27% YoY RM20mn, -66% YoY Jining Ports (FY2015: RM77mn) (9MFY16: RM58mn) Weifang Water RM8mn, -84% YoY RM16mn, +46% YoY Management (FY2015: RM49mn) (9MFY16: RM11mn) Note: TEUs – Twenty-foot equivalent units 16
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