Fraser & Neave Ltd. · SGX:F99
Fraser & Neave — F&N Holdings Berhad — H1 2008 Earnings Presentation
10 slides from Fraser & Neave's earnings presentation, May 9, 2008
Slide 1: Financial Highlights Group
Food & Beverage (Non-beer) F&N Holdings Bhd Mr Tan Ang Meng Chief Executive Officer Financial Highlights Group • Group revenue grew strongly, +45% against 1H2007 • 12% arising from organic growth • Record CNY soft drinks sales in first half • 33% from acquired business (CY 6 months vs LY 2 months) •
Slide 2: Financial Highlights Group: Key Ratios
Financial Highlights Group Key Ratios 1H2008 1H2007 Change Per share EPS (sen) 25.9 20.8 24.5% NAV (RM) 3.2 3.1 2.9% DPS (net) (sen) - Special ^ 5.0 - - Interim * 12.6 12.0 17.6 12.0 46.7% ^ Special tax exempt dividend to commemorate the 125th anniversary of the Group * Current year gross interim di
Slide 3: Revenue and Operating Profit (PBIT) Group
Revenue Group ◊ Strong double-digit growth of 12% from organic business ◊ Acquired business contributed RM584 mil +45% RM mil Acquired business Acquired +33% business Organic Organic business business +12% Slide 5 Fraser and Neave, Limited FY2008 Half Year Results Briefing (09 May 2008) F&B (Non-bee
Slide 4: Segment Revenue and PBIT Group
Segment Revenue and PBIT Group ◊ Soft drinks maintained as largest profit contributor RM (55%) 26m (1%) 100% Property 10m (7%) 199m (11%) Glass ◊ Dairies is the largest 18m (13%) revenue contributor to 80% Dairies- acquired 14m (10%) group (53%) 584m (33%) business 22m (15%) 60% ◊ Dairies margins af
Slide 5: Operations Review Soft Drinks and Dairies
Operations Review Soft Drinks ◊ Strong festive sales coupled with focused marketing & distribution drive during HRP & CNY contributed to record volume ◊ Revenue grew 13%, while PBIT gained 21% due to higher volume (+9%) and selling prices ◊ Against CNY07, volume grew 19% this year ◊ CNY08 star perfo
Slide 6: Operations Review Dairies (Acquired Business) and Glass
Operations Review Dairies (Acq Business) ◊ Revenue at RM 584 mil and PBIT at RM 14 mil ◊ Soft market conditions & delayed government approval on price increase resulted in PBIT decline for Q2; One price increase in Q1 ◊ Shifted focus to higher margin non-price controlled products Slide 11 Fraser and
Slide 7: Operations Review Properties and Dividend
Operations Review Properties Phase II : Zon.e@Fraser Business Park ◊ Half year revenue RM 26 mil, PBIT RM 7 mil (1H2007 revenue & PBIT purely from Phase I) ◊ Construction work progressing, with slight delay ◊ Construction cost hikes no impact on cost, lump sum tender ◊ HELP University College settin
Slide 8: Market Outlook and Going Forward
Market Outlook ◊ Post general elections, government development expenditure and mega project implementation are expected to slow and could dampen economic activities in Malaysia ◊ In Thailand, efforts to strengthen economy still yet to show results ◊ High energy and food prices have dampened consump
Slide 9: Going Forward Negatives, Conclusion, Thank You
Going Forward Negatives ◊ Weak consumer sentiments in Malaysia & Thailand ◊ Thai Government approval for price increase uncertain ◊ Conditions not conducive to launch new property projects Conclusion ◊ Expecting a challenging second half Slide 17 Fraser and Neave, Limited FY2008 Half Year Results Br
Slide 10: Raw Material and Packaging Cost Trend
Raw Material and Packaging Cost Trend Slide 19 Fraser and Neave, Limited FY2008 Half Year Results Briefing (09 May 2008) F&B (Non-beer) Raw Material and Packaging Cost Trend Slide 20 Fraser and Neave, Limited FY2008 Half Year Results Briefing (09 May 2008) F&B (Non-beer) 10