Panasonic Manufacturing Malaysia Bhd. · MYX:PANAMY
Panasonic Manufacturing Malaysia Bhd — Shareholder Meeting (August 2024)
25 slides from Panasonic Manufacturing Malaysia Bhd's shareholder meeting presentation, Aug 28, 2024
Slide 1: Panasonic Manufacturing Malaysia Berhad 59th Annual General Meeting
PANASONIC MANUFACTURING MALAYSIA BERHAD 59th ANNUAL GENERAL MEETING via Virtual Telecast Date : 28th August 2024 Time : 10:00 a.m Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserved
Slide 2: Agenda
1 FINANCIAL RESULTS AGENDA 2 BUSINESS REVIEW & DIRECTION 3 SUSTAINABILITY REPORTING
Slide 3: Financial Results
1 FINANCIAL RESULTS Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserved
Slide 4: Financial Highlights
FINANCIAL HIGHLIGHTS Revenue PBT Dividend Rate Shareholders’ Fund RM905,685 RM106,657 136 sen RM813,462 -8.7% +16.8% +14 sen +2.3% Net Assets per Share Earnings per Share Free Cash Flow RM13.39 153 sen RM121,445 +RM0.30 +21 sen +RM30,732 Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserv
Slide 5: Revenue
REVENUE Sales Decreased by 8.7% 75.9 Unit : Mil RM 25.9 56.3 18.5 Vacuum Cleaner (Middle East) FAN (Malaysia) FAN (Export) Business Termination (Kitchen Appliance) 991.6 905.7 (85.9) 2024 2023 Geographical Distribution Domestic 346.2 Mil RM Export 559.3 Mil RM (+ 3.1% vs 2023) (- 14.7% vs 2023)
Slide 6: Revenue of Distribution by Product Type & Region
REVENUE OF DISTRIBUTION BY PRODUCT TYPE & REGION Product Type Region Ventilating Fan Vacuum Cleaner Middle 2.0 % 15.3 % East Electric Iron 24.6% Japan 5.7 % (-0.6% vs 2023) ASIA 1.9% Ceiling Fan (+0% vs 2023) 45.1 % 31.5% (-4.2% vs 2023) Home Shower Electric Fan 16.2 % 14.8 % Domestic 38.2% (+4.4% v
Slide 7: Statement of Profit and Loss (Combined)
STATEMENT OF PROFIT AND LOSS (COMBINED) March 2024 March 2023 (RM’000) (RM’000) (85,943) Revenue 905,685 (9%) 991,628 Key Highlights (110,621) Operating expenses (855,524) (11%) (966,145) 1. Improved results from operating activities despite lower sales (20,361) a. Lower material cost as major raw O
Slide 8: Revenue and Profit by Segment: LAS
REVENUE AND PROFIT BY SEGMENT Living Appliances and Solutions (LAS) Revenue Unit : Mil RM Unit : K RM 2024 2023 75.9 249.2 Revenue 194,531 (54,621) 249,152 194.5 + 21.3 Business 173.2 Termination (KA) PBT 24,713 +2,539 22,174 Existing Business Profit/Sales 13% +4% 9% (%) 2024 (54.6) 2023 Key Highlig
Slide 9: Revenue and Profit by Segment: HVAC
REVENUE AND PROFIT BY SEGMENT Heating and Ventilation A/C (HVAC) Revenue Unit : Mil RM Unit : K RM 2024 2023 Revenue 707,343 (34,195) 741,538 Domestic + 22.3 PBT 47,385 (5,224) 52,609 Export (56.5) Profit/Sales (%) 7% Nil 7% 2023 → 2024 (34.2) Key Highlights PBT 1. Reduction in revenue mainly seen i
Slide 10: Key Financial Data
KEY FINANCIAL DATA Shareholder’s Equity (RM’000) Earning Per Share (SEN) 2022 765,718 2022 85 2023 794,926 2023 132 2024 813,462 2024 153 Net Assets Per Share (RM) Free Cash Flow (RM’000) 2022 12.60 2022 17,830 2023 13.09 2023 90,713 2024 13.39 2024 121,445 Copyright © 2024 PMMA 196501000304 (6100-K
Slide 11: Dividends
DIVIDENDS Higher dividends this year contributed from higher profitability 2024 2023 2022 121 + 14 107 Final 121 107 68 68 Interim 15 15 15 Total Dividends 136 122 83 Total payout ratio 100% 100% 100% 2024 * Based on Profit After Taxation of PMMA 2023 2022 Interim Final Copyright © 2024 PMMA 1965010
Slide 12: Business Review & Direction
2 BUSINESS REVIEW & DIRECTION Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserved
Slide 13: 2025 Business Outlook
2025 BUSINESS OUTLOOK Challenges Opportunities Downside Risks to Global Growth Ongoing geopolitical tensions. Resilient Malaysian Economy Higher-than-expected inflation. Leveraging Technology and Strong growth in the Malaysian economy, with Automation A sharp tightening in financial a 4.2% g
Slide 14: Ceiling Fan (CF)
Ceiling Fan (CF) Accelerated shift of DC motor products, Further growth in Asia Trend & Existing products Expand product lineup DC models on the rise across the industry Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserved 14
Slide 15: Vacuum Cleaner (VC)
Vacuum Cleaner (VC) Strengthening the lineup of stick-type products from existing products, developing products suited to each region Sales of models by region Growth with stick-type VC Lightweight Anywhere Canister-type (Bagless) All floors Washable Tank-type Canister-type (Bagged) Copyright © 2024
Slide 16: Home Shower (HS)
Home Shower (HS) Increase Sales through full model changes of entry models and expansion of exports ● New entry Instant models ● Expand sales through new channel Follows the design & spec of high-end models V/W-Series Launch in Jan 24 Launch in U-Series Safety 2nd Half 24 Launch in Aug 22 Hygiene Co
Slide 17: Panasonic's advanced water technology
Panasonic’s advanced water technology Utilizing water technology of Japan, We will challenge water-solution business to be next pillar of PMMA 60 years of experience at Panasonic Creating value for customers 2013 Panasonic water technology better Performance Release of reduced hydrogen water generat
Slide 18: Reverse Osmosis Water Purifier (ROWP)
Reverse Osmosis Water Purifier (ROWP) Launching the 1st PMMA ROWP in November 2023, strategically entering the growing Vietnamese market World water resources ranking Product features [Source] Environmental Performance Index Product Model TK-CA813 / 812/ 811 Country Rank Singapore 1 Japan 23 Malaysi
Slide 19: Water Purification System (WPS)
Water Purification System (WPS) Launching the 1st PMMA WPS in April 2024, Improve the quality of life for many Indonesians Domestic water in Indonesia Product features 70% of all households use well water Panasonic’s unique iron removal technology (Approx. 45 million households) [Source] BADAN PUSAT
Slide 20: Future direction
Future direction We provide “ONE STOP WATER SOLUTION” to customer. Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserved 20
Slide 21: Sustainability Reporting
3 SUSTAINABILITY REPORTING Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserved
Slide 22: PMMA uses solar power to reduce CO2 emissions
PMMA uses solar power to reduce CO2 emissions Achieved CO2 emission reduction of 1,293- ton for both SA1 and SA2 SA2 completed November 2022 ⑥ ② ③ ① ④ ⑤ Solving global environment issues 2 Zero Emission SA1 completed January 2024 Copyright © 2024 PMMA 196501000304 (6100-K). All Rights Reserved We wi
Slide 23: Sandbags, Flood Barrier and Increasing Machineries Height
Sandbags, Flood Barrier and Increasing Machineries Height Ongoing flood mitigation activities SA2 Plant Completed Completed Target completion July 2022 October 2023 September 2024 Flood level indicator Rebuilding and strengthening Installing flood the perimeter wall barrier gates for illustration on
Slide 24: The information contained in the presentation intended solely for informational purposes. All information in
The information contained in the presentation intended solely for informational purposes. All information in the presentation may contain forward-looking statements that involve risks and uncertainties. Actual performance, outcomes and results may differ materially from those expressed in forward-lo
Slide 25: Thank You
THANK YOU Panasonic Manufacturing Malaysia Berhad (Registration No.: 196501000304 (6100-K)) No 3, Jalan Sesiku 15/2, Section 15, Shah Alam Industrial Site, 40200 Shah Alam, Selangor Darul Ehsan, Malaysia Tel: +603-5891 5000 Fax: +603-5891 5101 Email: [email protected] pmma.panasonic.com.my
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