CB Industrial Product Holding Bhd. · MYX:CBIP
CB Industrial Product Holding Bhd — Investor Presentation (June 2013)
26 slides from CB Industrial Product Holding Bhd's investor presentation, June 2013
Slide 1: CB Industrial Product Holding Berhad Investor Presentation
CB Industrial Product Holding Berhad Equipping Palm Oil Industries Around The World Investor Presentation
Slide 2: Table of Contents
Table of Contents 1 Our Group 2 Key Group Financial Highlights 3 Equipment and Engineering 4 Plantation and Milling 5 Special Purpose Vehicles 6 Latest Quarterly Update 2
Slide 3: Our Group
Our Group Share Performance Our Special Purpose Vehicles Background RM Volume Listed on Main Board of Bursa Malaysia Securities Berhad in June 2005 3.5 6000000 Primarily involved in three (3) business 3 5000000 segments: 2.5 1) Equipment and Engineering 4000000 2) Plantation and Milling 2 300000
Slide 4: Our Group
Our Group Plantation & Milling Equipment & Engineering Special Purpose Vehicles Cultivation of Oil Palm Palm Oil Equipments Specialised Vehicles Total Group • Flagship Modipalm • Fire fighting vehicles & effective Continuous Sterilisation ambulances landbank : 71,652 ha mills and conventional mills
Slide 5: Key Group Financial Highlights
Key Group Financial Highlights Financial Year Ended 31 December 2008 2009 2010 2011 2012 RM’000 Revenue 409,903 331,468 270,893 322,611 521,728 Gross Profit 85,885 79,351 62,561 70,547 109,723 Gross Profit Margin (%) 20.95 23.94 23.09 21.87 21.03 PBT 70,562 49,083 52,476 70,890 99,318 PATAMI 60,686
Slide 6: Key Group Financial Highlights
Key Group Financial Highlights Revenue Profit Before Taxation (RM million) (RM million) 600 120 500 100 522 99 400 80 410 300 60 71 71 331 323 200 271 40 49 53 100 20 0 0 FY08 FY09 FY10 FY11 FY12 FY08 FY09 FY10 FY11 FY12 Shareholders’ Funds PATAMI (RM million) (RM million) 600 300 500 250 499 400 20
Slide 7: Key Group Financial Highlights
Key Group Financial Highlights Revenue FY11 FY12 Special Special Purpose Purpose Vehicles Vehicles 18% 35% Engineering Engineering & & Equipment Equipment 82% 65% Profit Before Taxation FY11 FY12 Share of Profit of Plantation 9% Share of Profit Special Purpose of Plantation Vehicles 32% Engineering
Slide 8: Key Group Financial Highlights
Key Group Financial Highlights Strength of Balance Sheet Low Gearing Ratio Attractive Dividend Payout RM’000 Times sen % of PATAMI 40 90% 100% 200,000 0.9 35 180,000 80% 0.8 0.8 30 160,000 25 60% 0.7 20 140,000 40% 0.58 0.6 15 26% 120,000 10 17% 17% 0.5 11% 20% 100,000 0.46 5 5 35 15 0.4 0 2.5 2.5 0
Slide 9: Modipalm Continuous Sterilisation System
Equipment and Engineering Modipalm Continuous Sterilisation System Less Machinery FROM FFB RECEPTION HOPPERS Cost Saving BUNCH CONDITIONER Better Safety STEAM AT DOUBLE Environmental INLET FLAP VALVE ATMOSPHERIC DECKED PRESSURE CONVEYOR Friendly Efficient Use of Energy Less Oil and Kernel loss OUTLE
Slide 10: Conventional Steriliser vs Modipalm Continuous Steriliser
Equipment and Engineering Conventional Steriliser Modipalm Continuous Steriliser 10
Slide 11: Competitive Advantages of the Modipalm Continuous Sterilisation
Equipment and Engineering Competitive Advantages of the Modipalm Continuous Sterilisation What this means for users of Modipalm Continuous Conventional Sterilisation Modipalm Continuous Sterilisation Sterilisation Type Batch by batch manual process Continuous automated process Eliminates arduous m
Slide 12: Competitive Advantages of the Modipalm Continuous Sterilisation
Equipment and Engineering Competitive Advantages of the Modipalm Continuous Sterilisation Modipalm Continuous What this means for users of Conventional Sterilisation Sterilisation Modipalm Continuous Sterilisation Feeding of fresh Fresh fruit bunches are stacked Fresh fruit bunches are Promote ste
Slide 13: Track Record of Modipalm Mills
Equipment and Engineering Competitive Advantages of the Modipalm Continuous Sterilisation Track Record of Modipalm Mills Oil Extraction Rate (%) Oil Extraction Rate (%) 20.6 21 20.4 20.5 20.2 20 20 19.5 19.8 19 20.4 20.4 Mill 2 19.6 20.27 18.5 19.4 Mill 1 18 18.89 18.51 19.2 19.47 17.5 19 Before Yea
Slide 14: Historical Performance and Major Customers
Equipment and Engineering Historical Performance Major Customers and Project References Continuous Sterilisation Secured Contracts Country Customer No. of mills RM’000 Contracts Malaysia Felda Palm Industries Sdn Bhd 11 400,000 8 Tradewinds Plantation Berhad 4 7 7 TH Plantations Berhad 3 350,000 7 S
Slide 15: MCS Project References: Malaysia
Equipment and Engineering Jerangau 30MT/H MCS Project References: Liziz 45MT/H POM Felda Kuala Suai 40MT/H POM Liziz Plantations Tradewinds Plantation Malaysia Sachiew 30MT/H POM Sachiew Plantations Tapis 30MT/H POM Syarikat Ladang Sg Terah Mamahat 20MT/H POM Tabung Haji Trolak 45MT/H POM Padang Pio
Slide 16: MCS Project References: Indonesia
Equipment and Engineering Swarkaya Sawit Raya 60MT/H POM Jakluay 80MT/H POM MCS Project References: Swarkaya Sawit Raya PT Smart Indonesia Karyanusa Eka Daya 2 45MT/H POM Sumber Agro Makmur 45MT/H POM Citau Riau Sarana 30MT/H POM Astra Astra Wilmar Bukit Kapur 45MT/H POM Karyanusa Eka Daya 45MT/H PO
Slide 17: MCS Project References: Central America and Africa
Equipment and Engineering MCS Project References: Central America and Africa Naisa 15MT/H POM Tik Industrias 15MT/H POM Padesa 22MT/H POM Sumberipa 30MT/H POM Mamba 30MT/H POM Nacional Agro Industrial Tik Industrial S.A. Padesa CTP CTP Guatemala Papua New Guinea 17`
Slide 18: Strategy Moving Forward: New Mills and Replacement Mills
Equipment and Engineering Strategy Moving Forward New Mills Replacement Mills Palm Oil Mature Area (‘000 ha) Global Palm Oil Mature Area (‘000 ha) 8000 15000 14806 6900 7000 6500 14800 6080 14600 6000 14400 14187 5000 4280 4360 4450 14200 4000 14000 13800 13566 3000 13600 2000 13400 13200 1000 13000
Slide 19: Strategy Moving Forward: New Markets and Civil Engineering
Equipment and Engineering Strategy Moving Forward New Market In-house Civil Engineering Services Palm Oil Mature Area (‘000 ha) Costa Rica 1800 1600 Papua New 1400 Guinea Ivory Coast 1200 1000 Ecuador 800 600 Colombia 400 Thailand 200 0 2011 2012 2013 Source: World Oil (forecast) • New emerging mark
Slide 20: Plantation and Milling
Plantation and Milling Immature Plantation Assets 20
Slide 21: Immature Plantation Assets: Planting Schedule
Plantation and Milling Immature Plantation Assets Planting Schedule (ha) 9,000 8,000 7,687 7,781 7,000 6,500 6,500 6,500 6,000 6,132 5,718 5,000 5,340 4,841 Planned Planting 4,000 4,021 4,021 3,000 2,000 1,000 - 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 21
Slide 22: Mature Plantation Assets
Plantation and Milling Mature Plantation Assets Kumpulan Kris Jati Effective Group Interest Breakdown Land area: 16,567 ha Planted: 11,492 ha Effective Jointly- Effective group controlled entity/ Total planted equity planted Associate area interest area Solar Green (ha) (%) (ha) Land area: 5,567 ha
Slide 23: Special Purpose Vehicles
Special Purpose Vehicles • Revenue grew 213% yoy while PBT contribution grew 409% yoy • Managed by professionals with the technical know-hows and acting independently • Long term contracts with 2 – 3 years completion timeline provides sustainable income and diversification away from engineering busi
Slide 24: Latest Quarterly Update
Latest Quarterly Update Comparison Of Latest Quarter Result Equipment and Engineering (Unaudited) Lower quarter billing 1Q13 1Q12 Change Outstanding order book as at 31 (RM’000) (RM’000) (%) March 2012 amounts to RM389.5 Revenue 148,334 113,319 +30.9 million PBT 22,993 21,395 +7.47 PATAMI 18,668
Slide 25: Latest Quarterly Update: Prospects
Latest Quarterly Update Prospect Points RM Movement of CBIP mimics the movement of the Bursa Malaysia Plantation Index, 10000 3.5 which is largely dependent upon the price CAGR: 7.5% 9000 of CPO 3 8000 With expectations that CPO price will 2.5 7000 increase to the range of RM2,500 – 6000 RM2,600
Slide 26: Further Information
Further Information Registered Office Contact Person CB Industrial Product Holding Berhad Lim Zee Yang Registered Office Lot 4, Jalan Waja 15 Investor Relations Kawasan Perusahaan Telok Panglima Garang CB Industrial Product Holding Berhad 42500 Telok Panglim Garang Selangor Darul Ehsan Telephone No.
CB Industrial Product Holding Berhad — Investor Presentation (June 2013) on 6ix