Post on 05-Jan-2016
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PPB GROUP BERHADPPB GROUP BERHAD
Final ResultsFinal ResultsYear Ended 31 Dec 2005Year Ended 31 Dec 2005
Presented by Koh Mei Lee
Senior Manager (Corporate Affairs)
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Agenda
1. Group financial highlights1. Group financial highlights
2. Dividend record2. Dividend record
3. Share information3. Share information
4. Capital commitments4. Capital commitments
5. Prospects for 20065. Prospects for 2006
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Financial results
FY2005 FY2004 Change
RM mil RM mil %
Revenue 10,688 11,000 (3)
Profit from operations 517 602 (14)
Net profit from investing activities 60 81 (26)
Share of associates/ JV 68 66 3
Finance costs (16) (15) 3
PBT 629 734 (14)
Tax (161) (184) (13)
PAT 468 550 (15)
Minority interest (74) (149) (50)
Net profit 394 401 (2)
EPS (sen) 33.3 37.9 (12)
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Segmental information
Sugar & caneSugar & cane7%7%
Grains trading,Grains trading,flour & feedflour & feed
milling milling 8%8%
Edible oilsEdible oilsrefining & tradingrefining & trading
71%71%
Oil palmOil palmplantationsplantations
5%5%
Waste Waste management & management &
utilities utilities 1%1%
Film Film exhibitionexhibition
1%1%
PropertyProperty0.4%0.4%
OthersOthers6.6%6.6%
RevenueRevenueTotal RM10.7 billionTotal RM10.7 billion
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Segmental information
Sugar & caneSugar & cane17%17%
Grains trading,Grains trading,flour & feedflour & feed
milling milling 11%11%
Edible oilsEdible oilsrefining & tradingrefining & trading
24%24%
Oil palmOil palmplantationsplantations
31%31%
Waste Waste management & management &
utilities utilities -1%-1%
Film Film exhibitionexhibition
3%3%
PropertyProperty4%4%
OthersOthers11%11%
Operating profitsOperating profitsTotal RM517 millionTotal RM517 million
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Major contributors to group operating profit
Reason for higher/ lower profitsSugar & caneHigher raw sugar prices.
Grains trading, flour & feed millingHigher sales.
Edible oils refining & tradingHigher sales volume & better refining margins.
Oil palm plantationsLower CPO prices.Higher operating cost.Average CPO price realised :- Year 2004 RM1,610 per tonne Year 2005 RM1,349 per tonne
143
91
4357
115126
224
165
0
50
100
150
200
250
Sugar & cane Grainstrading, flour& feed milling
Edible oilsrefining &trading
Oil palmplantations
Y2004 Y2005RM million
RM52 m (37%)
RM59m (26%)
RM14m (34%)
RM11m (10%)
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Major contributors to group operating profit
Reason for higher/ lower profitsWaste management & utilities Due to losses from a Singapore
subsidiary, Marathon Equipment Asia Pte Ltd which has since been divested.
Film exhibition Stronger performance of blockbuster
films. Opening of new cineplexes.
Property Most of the residential houses have
been sold.
Others Livestock (up RM16.3million) Manufacturing & trading (up RM8million)
1
-6
12
18
28
19
54
65
-10
0
10
20
30
40
50
60
70
Wastemanagement
& utilities
Film exhibition Property Others
Y2004 Y2005RM million
RM7m (>100%)
RM6m (51%)
RM9m (32%)
RM11m (21%)
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Share of associates/ JV’s results
Registered higher profits mainly contributed by :-
Kerry-Glory Flour Mills Co Ltd (up RM4.6 million).
66
68
60
62
64
66
68
Y2004 Y2005
RM million
RM2m (3.3%)
9
PBT for 5 years
322
501
707
734
629
0
100
200
300
400
500
600
700
800
2001 2002 2003 2004 2005
RM Million
Year
10
Cash and borrowings
538
508
150
358
753
517
150
367
30
236Net cash
Cash & deposits
Total borrowings
LT borrowings
ST borrowings
Y2004 Y2005RM Million
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Dividend record
DividendPer Share
NetDividend
NetDividend
Payout ratio
Gross Net Paid/payable Yield Group Company
Year (sen) (sen) (RM Million) (%) (%) (%)
2005-Interim-Final
5.05.015.015.0
3.63.610.810.8
42.67842.678128.034128.034
3.53.5 43.343.3 115.9115.9
170.712170.712
2004 30.0 23.7 140.482 3.5 35.1 75.4
2003 25.0 20.5 100.675 3.1 27.1 72.3
2002 46.5 43.0 210.968 10.9 86.8 97.6
2001 20.0 15.8 68.688 4.8 40.3 49.1
* The final dividend for year 2005 is payable on 7 June 2006 and is based on the enlarged share capital of 1,185,499,882.
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Share performance
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
Mac Apr May Jun July Aug Sept Oct Nov Dec Jan Feb
PPB
Shar
e Pr
ice
(RM
)
820
840
860
880
900
920
940
960
Com
pos
ite In
dex
PPB Close (Last Trade) KLCI Close (Last Trade)
Y2005 Y2006
RM3.35 (adj. for BI)
RM4.16 RM4.12
871
900
929
31 24
31-3-05
31-12-05 28-2-06
Bonus issue on 8.6.05
Closing price - Pre BI RM7.10
Closing price - Post BI RM3.60
High RM4.50 (on 7.10.05)
Low RM3.58 (8.6.05)
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Capital commitment as at 31 Dec 2005
RM660 million
Capital commitments
RM457mRM457m RM140mRM140m RM25mRM25m RM29mRM29m
PPBOP FFM MSM PPB Leisure
RM9mRM9m
Others
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Capital commitment as at 31 Dec 2005
PPB Leisure
PPB LeisureMSMMSMFFMFFMPPBOPPPBOP
PPE & Others RM
- Malaysia 4m
-Sabah 55m
-Sarawak 10m
-Indonesia 184m
Total 253m
Plantation development
-Sabah 61m
-Sarawak 11m
-Indonesia 132m
Total 204m
Construction, upgrading & acquisition of land RM
Kernel crushing plant
16m
Processing plants at West Port 38m
Flour mill project at Prai
46m
Others 40m
Total 140m
Upgrading and replacement
New cinema and upgrading RM
New multiplex
28.3m
Cinema upgrading expenditure
0.7m
Total 29m
Capital commitments
Refined sugar silo
RM
6m
Melting & packaging 16m
Others 3m
Total 25m
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Prospects for 2006
2006 is expected to be another challenging year for the Group.
• The oil palm plantations division should be contributing higher profits with the increase in crop production and based on current prices.
• Sugar division is expected to face higher raw material prices.
• Other core operations are expected to perform satisfactorily.
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