CB Industrial Product Holding Berhad Equipping Palm Oil Industries Around The World. Fourth Quarter 2015 Results Update

Transcription

1 CB Industrial Product Holding Berhad Equipping Palm Oil Industries Around The World Fourth Quarter 2015 Results Update

2 Review of Performance Quarterly Review Continuing Operations Quarter ended 31 December % change Financial year ended 31 December % change (RM 000) (RM 000) (RM 000) (RM 000) Revenue 196, ,033 (4.48) 554, ,893 (7.79) Profit from operations 62,515 31, , , Share of results of associates and jointly-controlled entity 3,952 1, ,412 6, Movement of CBIP mimics the movement of the Bursa Malaysia Plantation Index, which is largely dependent upon the price of CPO Profit before taxation 66,027 32, , , Profit after taxation 46,349 27, ,709 97, Revenue for the quarter and financial year ended decreased by 4.48% and 7.79% respectively mainly due to lower billing by the palm oil engineering and special purpose vehicles division Profit after taxation were higher for both the quarter and financial year ended 2015 mainly due to margin improvements in the palm oil engineering division and the special purpose vehicles division as well as lower losses incurred by the oil palm plantation division 2

3 Review of Performance Revenue Breakdown Financial year ended 31 December 2015 Special Purpose Vehicles 22% Special Purpose Vehicles 25% Financial year ended 31 December 2014 Palm Oil Engineering 78% Palm Oil Engineering 75% 1 Profit Before Taxation Breakdown Profit Before Taxation Financial year ended 31 December % change (RM 000) (RM 000) Palm Oil Engineering 114,181 92, Oil Palm Plantation (6,796) (11,015) (38.30) Special Purpose Vehicles 25,797 20, Share of results of associates and jointly-controlled entity 6,412 6, Total 139, ,

4 Palm Oil Engineering RM , , , , , , , , , , , Q2014 1Q2015 2Q2015 3Q2015 4Q2015 Orderbook Orderbook as at 3Q2015 stands at RM517 million The orderbook is expected to bode well for the performance of the palm oil engineering sector for the financial year ending 2016 and

5 Special Purpose Vehicles 180, , , , ,000 80,000 60,000 40, , , ,000 90,000 Orderbook 20, ,000 4Q2014 1Q2015 2Q2015 3Q2015 4Q2015 Orderbook for the special purpose vehicles as at the end of 2015 is approximately RM35 million 5

6 Oil Palm Plantation - Indonesia With current landbank of approximately 86,000 ha in Central Kalimantan, Indonesia aggressive plantation development has commenced since first half of 2013 Revenue from the Indonesian plantation is expected to be realized in the first half of 2017, when the first mill is expected to be completed Of the 86,000 ha in Indonesia, approximately 7,500 ha has been planted as at fourth quarter of 2015 with approximately 2,000 ha targeted to be planted for the year

7 Oil Palm Plantation - Indonesia 7

8 Oil Palm Plantation Associates and JV With effective planted area attributable to CBIP of 7,000 ha, the associates and JV plantation assets has posted a combined profit of RM6.4 million for the financial year ended 2015 as compared to a profit of RM6.3 million over the same corresponding period in 2014 With a non-controlling interest, performance of the associates and JV plantation assets is to a large extent, dependent upon the crude palm oil selling price and yield. Planted: 2,319 ha Planted: 1,264 ha Planted: 3,448 ha 8

9 Further Information Registered Office CB Industrial Product Holding Berhad Registered Lot 4, Jalan Waja Office 15 Kawasan Perusahaan Telok Panglima Garang Telok Panglim Garang Selangor Darul Ehsan Telephone No.: Facsimile No.: Website: Contact Person Lim Zee Yang Investor Relations & Corporate Affairs CB Industrial Product Holding Berhad Telephone No.: Cellphone No.: Facsimile No.: Disclaimer Certain statements in this presentation are based on historical results which may not be reflective of future results. Other statements, including without limitation, those regarding our future prospects, strategies and objectives of our Group, which are forward-looking in nature, are subject to uncertainties and contingencies. Although we believe that the expectations reflected in such forward-looking statements are reasonable at this time, there can be no assurance that such expectations will subsequently materialise. The inclusion in this presentation should not be regarded as a representation or warranty by our Group or our management team that the plans and objectives of our Group will be achieved. 9