HALF YEAR RESULTS 30 JUNE 2006 PPB GROUP BERHAD Presented by Ms Koh Mei Lee, Senior Manager (Corporate Affairs)
Agenda 1. Group financial highlights 2. Dividend record 3. Share information 4. Prospects for 2006
Financial results Jan to June Change (restated) RM mil % Revenue5,2235,317(2) Profit from operations209242(14) Net profit from investing activities Share of associates/ JV Finance costs(11)(7)57 PBT Tax(54)(79)(32) PAT Minority interest(77)(37)108 Net profit EPS (sen)
Segmental information – Jan to June 2006 Sugar & cane 7% Grains trading, flour & feed milling8.3% Edible oils refining & trading 71.1% Oil palm plantations5.2%Waste management & utilities0.8% Filmexhibition1.1% Property0.4% Others6.1% Revenue Total RM5.2 billion
Segmental information – Jan to June 2006 Sugar & cane -0.2% Grains trading, flour & feed milling21.7% Edible oils refining & trading 26.1% Oil palm plantations38.2%Waste management & utilities0.6% Filmexhibition3.9% Property2.8% Others6.9% Operating profits Total RM216 million
Major contributors to group operating profit Reason for higher/ lower profits Sugar & cane High raw sugar prices. Grain trading, flour & feed milling Improved sales volume. Better margins Edible oils refining & trading Lower refining margins. Oil palm plantations Foreign exchange translation gain. Higher CPO prices. Average CPO price realised :- Jan to June 2006 RM1,376/tonne Jan to June 2005 RM1,354/tonne RM Million RM53mil (101%) RM4mil (6%) RM29mil (161%) RM14mil (22%)
Major contributors to group operating profit Reason for higher/ lower profits Waste management & utilities Divestment of loss making subsidiary, Marathon Equipment Asia Pte Ltd. Film exhibition Strong line up of blockbuster films. Contribution from new cinema. Property Most of the residential houses have been sold Others Livestock (down RM11.4million) Manufacturing & trading in chemical (down RM6.1million) Gloves (down RM3.4 million) RM Million RM0.5mil (8%) RM25mil (62%) RM3mil (169%) RM0.6mil (8%)
PBT for 5 years RM Million
Cash and borrowings RM Million As at 30 June 2006 ST borrowings RM million BA 379 ST loan 199 Total 578 LT borrowings/Equity 9.7%
Dividend record Dividend Per Share Net Dividend Net Dividend Payout ratio GrossNetPaid/payableYieldGroupCompany Year (sen) (RM Million)(%) 2006-Interim* * The Board declared an interim dividend of 5 sen for the financial year 2006 which is payable on 28 September 2006
Share performance /9/ /12/05 30/8/ Jan to June 2006 PPB KLCI High RM Low RM Closing RM
Prospect for 2006 Sugar refining operations are likely to record lower profits due to high raw sugar price. Oil palm plantation is expected to contribute better results. assuming CPO prices and forex (Rp vs USD) remains at current level. Other businesses are expected to maintain its profits as in previous year. The Group envisaged that the results for the year will be better than 2005