Fima Corp. Bhd. · MYX:FIMACOR
Fima Corp. Bhd — Shareholder Meeting (September 2015)
24 slides from Fima Corp. Bhd's shareholder meeting presentation, Sep 22, 2015
Slide 1: 40th Annual General Meeting
40th Annual General Meeting 22nd September 2015 DEWAN BERJAYA, BUKIT KIARA EQUESTRIAN & COUNTRY RESORT www.fimacorp.com
Slide 2: Agenda
SECTION 1 FimaCorp at a glance SECTION 2 2015 Performance Overview AGENDA SECTION 3 2015 Financial Snapshot SECTION 4 2015 Operation Overview SECTION 5 Moving Forward Fima Corporation Berhad www.fimacorp.com.
Slide 3: FimaCorp at a Glance
FIMACORP AT A GLANCE Production and trading Oil production and of security and processing MANUFACTURING PLANTATION confidential documents OTHERS Investment holding and Core Businesses property investment Other Businesses Fima Corporation Berhad www.fimacorp.com.
Slide 4: 2014/2015 Performance Overview
2014/2015 PERFORMANCE OVERVIEW SHAREHOLDERS’ CASH & CASH TOTAL ASSETS PROFIT AFTER TAX EQUITY EQUIVALENTS 2015: RM530.5 mil 2015: RM172.6 mil 2015: RM712.8 mil 2015: RM60.3 mil 2014: 489.5 mil 2014: RM195.2 mil 2014: RM598.8 mil 2014: RM72.0 mil Net Asset per share Earnings per share RM2.20 36.15 se
Slide 5: Group Financial Snapshot 2014/2015
GROUP FINANCIAL SNAPSHOT 2014/2015 Challenges RM’000 VARIANCE FY 2014/2015 FY 2013/2014 % Revenue 378.0 348.4 8.5 Less PBT 87.8 101.2 (13.3) favourable sales mix PAT 60.3 72.0 (16.2) Profit attributable Maintaining to Equity Holders 55.8 67.7 GP margins (17.6) of the Company Strong competition Fima
Slide 6: Group Financial Snapshot
GROUP FINANCIAL SNAPSHOT REVENUE BY BUSINESS SEGMENTS (RM’000) PRETAX PROFIT BY BUSINESS SEGMENTS (RM’000) Total: 378.0 4.2 Total: 348.4 Total: 101.2 4.0 7.1 107.1 Total: 87.8 102.8 2.4 30.0 34.4 266.7 241.6 64.1 51.0 2014/2015 2013/2014 2014/2015 2013/2014 Manufacturing Plantation Property Manageme
Slide 7: Dividend
DIVIDEND DELIVERING SHAREHOLDERS’ VALUE 2014/2015 DIVIDEND PAYOUT Entitlement date Single tier final dividend of 25 September 2015 Interim Dividend (sen) Final Dividend (sen) 15.0% or 7.5 sen per share Payment date Special Dividend (sen) of RM0.50 sen 45.0% 38.5% 35.0% 9 October 2015 40.0% 35.0% Sin
Slide 8: Operational Overview - Manufacturing
OPERATIONAL OVERVIEW -MANUFACTURING Revenue (RM’000) 149.06 147.21 Revenue Breakdown (RM’000) 266.75 +10.4% Solid result due 241.61 to improve sales volume arising from the launch of new product 87.94 in mid 2013 2014/2015 2013/2014 71.95 PBT (RM’000) PBT decreased 63.4 due to increase in 18.26 50.5
Slide 9: Operational Overview - Manufacturing: Moving Forward
OPERATIONAL OVERVIEW -MANUFACTURING Focus On Core Activities Strengthen Develop New Continues to Strategic Products & MANUFACTURING pursue its long Alliance With Solutions Partners MOVING FORWARD term strategy to enhance its products and services Enhance Turn Product & Customer into Services Key Acc
Slide 10: Operational Overview - Plantation
OPERATIONAL OVERVIEW -PLANTATION Revenue (RM’000) Cost of FFB (RM/Mt) 115.69 240.2 226.5 225.4 +4.7% 216.5 197.5 110.48 2015 2014 2013 2012 2011 2014/2015 2013/2014 PBT (RM’000) Processing Cost of FFB 28.79 (RM/Mt) +8.8%a 26.46 30.4 27.9 26.9 27.2 26.2 2015 2014 2013 2012 2011 2014/2015 2013/2014 Fi
Slide 11: Operational Overview - Plantation
OPERATIONAL OVERVIEW -PLANTATION FFB Harvested (Mt) 2014/2015 Age Profile of Palms 154,995 149,304 150,703 139,144 4-9 Years 8-12 Years >12 Years 117,975 26% 5% 69% 2015 2014 2013 2012 2011 Yield Per Mature Hectare (YPH) Oil Extraction Rate (OER %) 24.6 23.8 23.4 23.31 24.05 24.4 21.83 18.79 22.7 22
Slide 12: Operational Overview - Plantation
OPERATIONAL OVERVIEW -PLANTATION Gabungan Warisan Sdn Bhd Kuala Krai, Kelantan Cendana Laksana Sdn Bhd Kemaman, Terengganu - Ladang Fima Dabong 249.82 ha - Ladang Fima Cendana 785.39 ha Taka Worldwide Trading Sdn Bhd Gua Musang, Kelantan 202.30 ha - Ladang Fima Aring Etika Gangsa Sdn Bhd Gua Musang,
Slide 13: Estate Update: Cendana Laksana, Kemaman
OPERATIONAL OVERVIEW -PLANTATION Estate Update: Cendana Laksana Sdn Bhd (Kemaman, Terengganu) Pre-Nursery Main Nursery Main Nursery Main Nursery Terracing works completed (Phase 1) Terracing works completed (Phase 1) Fima Corporation Berhad www.fimacorp.com.
Slide 14: Estate Update: Cendana Laksana, Kemaman
OPERATIONAL OVERVIEW -PLANTATION Estate Update: Cendana Laksana Sdn Bhd (Kemaman, Terengganu) Palms ready for planting Planting in progress (Phase 1) New palms Clearing works in progress (Phase 2) Road construction - Phase 2 Fima Corporation Berhad www.fimacorp.com.
Slide 15: Plantation: Moving Forward
OPERATIONAL OVERVIEW -PLANTATION PLANTATION Continuous agriculture Pursue land bank Yield improvement & MOVING FORWARD cost management practice (GAP) & expansion efficiency improvement practices Fima Corporation Berhad www.fimacorp.com.
Slide 16: Moving Forward to 2015/2016
MOVING FORWARD TO 2015/2016 Maintain Strengthen Leverage on Establish Prudent core market strong pillars Financial business opportunities for future Profile growth Fima Corporation Berhad www.fimacorp.com.
Slide 17: Reply to Minority Shareholder Watchdog Group (MSWG)
REPLY TO MINORITY SHAREHOLDER WATCHDOG AGENDA GROUP (“MWSG”) LETTER DATED 15 SEPTEMBER 2015 fima.com.my
Slide 18: Reply to MSWG Q1 (Strategy/Financials)
Reply to MSWG Q1 (Strategy/Financials) Q1.The Company’s revenue increased from RM348.3 million in FY2014 to RM378.0 million in FY2015. However, profit before tax for the year was lower at RM87.8 million compared with RM101.2 million. What were the main reasons for the lower profit before tax? Could
Slide 19: Reply to MSWG Q2 (Strategy/Financials)
Reply to MSWG Q2 (Strategy/Financials) Q2. It was reported in the Chairman’s Statement that the Company has completed the acquisition of the entire interest of GWSB in Kuala Krai, Kelantan on 17 October 2014 and of 2 parcels of leasehold land in Gua Musang, Kelantan by subsidiary FCB Plantation Hold
Slide 20: Reply to MSWG Q3 (Strategy/Financials)
Reply to MSWG Q3 (Strategy/Financials) Q3.Plantation Division expected to maintain high FFB production in the coming years as more planted areas are into prime age. (i) What will be the projected growth of FFB production over the next 3 years? (ii)What is the targeted new planting activities and exp
Slide 21: Reply to MSWG Q4 (Strategy/Financials)
Reply to MSWG Q4 (Strategy/Financials) Q4.Why was there a substantial increase in impairment made on trade receivable during the year amounting to 1.1 million compared to FY2014? Please explain and whether the amount is recoverable? A4.Impairment on trade receivables during the year comprised of pro
Slide 22: Reply to MSWG (Corporate Governance)
Reply to MSWG (Corporate Governance) (a) The Board has two (2) independent Non-Executive Directors who have served more than twelve (12) years and they are still being retained subject to shareholders’ approval to continue to act as independent Non-Executive Directors. Please comment on the Board’s
Slide 23: Reply to MSWG (Corporate Governance)
Reply to MSWG (Corporate Governance) (b) Publishing the summary of the minutes of the AGM proceedings and Memorandum & Articles of Association on the Company’s website in line with the spirit of transparency and good corporate governance based on the ASEAN CG Scorecard which is being used to assess
Slide 24: Thank You
THANK YOU fima.com.my
Fima Corporation Berhad — Shareholder Meeting (September 2015) on 6ix