Ann Joo Resources Bhd. · MYX:ANNJOO
Ann Joo Resources Bhd — Shareholder Meeting (May 2025)
15 slides from Ann Joo Resources Bhd's shareholder meeting presentation, May 30, 2025
Slide 1: 29th Annual General Meeting
29th ANNUAL GENERAL MEETING Presents by: Dato’ Lim Hong Thye, Group Managing Director 30 May 2025
Slide 2: Part 01: 2024 Review
Part 01 2024 Review 2
Slide 3: Key Factors That Impacted 2024 Performance
KEY FACTORS THAT IMPACTED 2024 PERFORMANCE Coke supply from Last shipment of index base coke received in 3Q24 1 Japan based on Majority of coke used were index base coke in 2024 Australia PHCC index Price differential between formula base price and spot price was formula as high as USD200/mt 2
Slide 4: Coking Coal & Coke Price Trends
COKING COAL & COKE PRICE TRENDS NARROWING OF COKE VS COAL PRICES IMPACTED OUR RELATIVE COST STRUCTURE 2019 to YTD2025 Premium Hard Coking Coal (PHCC) & Met Coke Price USD/MT PHCC FOB Australia Price Met Coke Price CSR 64/62 FOB North China 700 600 500 400 300 As at 29 May 2025 PHCC FOB Australia @ U
Slide 5: International Steel Prices vs Domestic Steel Price
INTERNATIONAL STEEL PRICES VS DOMESTIC STEEL PRICE STEEL PRICE AFFECTED BY DEMAND- SUPPLY IMBALANCES & GEOPOLITICAL CONCERNS RM/MT MALAYSIA vs INTERNATIONAL STEEL PRICE (RM/MT) Malaysia Bar Price China Domestic Shanghai Rebar HRB400 2023 2024 1Q2023 : Steel price increased on China demand Jan – Apri
Slide 6: Part 02: Financial Highlights
Part 02 Financial Highlights 6
Slide 7: Group Performance Highlights (2024 vs 2023)
GROUP PERFORMANCE HIGHLIGHTS (2024 VS 2023) PERFORMANCE IMPACTED BY CHALLENGING STEEL MARKET CONDITIONS, HIGH COKE PRICES AND 2-MONTH SCHEDULE PLANT SHUTDOWN (DEC’24 – JAN’25) REVENUE LOSS AFTER TAX NET ASSETS NET GEARING RATIO RM2,524M (RM296.65M) RM1,104M 1.29X LAT Margin: -11.75% (2023: RM1,287M)
Slide 8: Balance Sheet Highlights
BALANCE SHEET HIGHLIGHTS RM’000 2024 2023 Y-o-Y % FINANCIAL Inventories 807.6 970.3 ↓ 16.77% POSITION Trade Receivables 442.6 454.3 ↓ 2.58% Net Borrowings 1,314.7 1,337.5 ↓ 1.70% Shareholders’ Funds 1,020.7 1,198.9 ↓ 14.86% Net Gearing Ratio 1.29 1.12 ↑ 15.18% CASH FLOW Operating Cash Flow 44.7 (114
Slide 9: Part 03: Industry Outlook & Strategic Direction
Part 03 Industry Outlook & Strategic Direction 9
Slide 10: Key Factors in 2025
KEY FACTORS IN 2025 CHALLENGES & AREAS TO MONITOR Ongoing uncertainty about US tariff and trade policies Expected steel output curbs in China Lack of clarity on timing and magnitude of Malaysia large infra spending MITI POLICY Reviewing potential anti-dumping import duties, which are propose
Slide 11: Key Initiatives
KEY INITIATIVES 1 Asset Exploring monetisation of prime freehold industry land bank Monetisation Ownership of more than 600 acres in Prai, Penang and Gurun, Kedah Strategic Expanding steel servicing business for the Automotive industry 2 Downstream Electrification infra – design, EPCC & fabr
Slide 12: Prai, Penang: Prime Industrial Land
PRAI, PENANG: PRIME INDUSTRIAL LAND HIGHLIGHT REMARKS Land Tenure Freehold Total Land 200+ acres Size Land under Approx. 106 acres EOI Relevant Majlis Bandaraya Pulau Pinang Local (MBPP) / Pejabat Tanah dan Authority/ Galian Pulau Pinang Land Office Zoning Medium and Heavy Industrial PARCEL CURRENT
Slide 13: Gurun Heavy Industrial Park
GURUN HEAVY INDUSTRIAL PARK Strategic Freehold Industrial Land in Gurun, Kedah Overview Located adjacent to North South Expressway, less than 7km (about 8 2 Gurun Toll less than 7 km minutes drive) from Gurun toll, less than 26km (about 20 minutes drive) (about 8 min drive) from Sg. Petani North
Slide 14: Automotive Expansion & Electrification Opportunities
AUTOMATIVE EXPANSION & ELECTRIFICATION OPPORTUNITIES Automotive Expansion Recurring income from automotive sector customers Commission of Oscillating Shear Line (OSS) & Tailor Welded Blank (TWB) facilities on 25 Feb 25 First in Malaysia to offer both OSS and TWB facilities for the automotive
Slide 15: Thank You
THANK YOU KEY STEEL INDUSTRY WEBSITES INCLUDE: 1. miti.gov.my 2. steelbb.com 3. mysteel.net 4. seaisi.org 5. worldsteel.org