Presentation is loading. Please wait.

Presentation is loading. Please wait.

SCMP GROUP LIMITED 2015 ANNUAL RESULTS 14 March 2016.

Similar presentations


Presentation on theme: "SCMP GROUP LIMITED 2015 ANNUAL RESULTS 14 March 2016."— Presentation transcript:

1 SCMP GROUP LIMITED 2015 ANNUAL RESULTS 14 March 2016

2 Summary 2015 Annual Result -Net profit attributable to shareholders was $316.2 million in 2015, which included a $191.4 million fair value gain on investment properties and a $65.1 million gain on partial disposal of interests in an associate of the Group. -Carving out these exceptional items, net profit attributable to shareholders was $59.7 million, compared with $125.4 million in 2014. The lower net profit was mainly due to lower advertising sales resulting from the slowdown in retail sales in Hong Kong. -Basic Earnings Per Share – HK 20.3 cents (2014: HK 8.8 cents) -Full-year Dividend Per Share – HK 2.8 cents (2014: HK 6.0 cents) Final Dividend Per Share – HK 1.5 cents (2014: HK 3.8 cents) Very substantial disposal transaction -In December 2015, the Group announced that it has entered into an agreement to dispose its media business to Alibaba Investment Limited for a cash consideration of HK$2,060.6 million. -Accordingly, the media business of the Group has been reclassified as discontinued operations. The Group will focus on its property business upon completion of the disposal.

3 (In HK$m, unless stated otherwise)For the year ended Dec 31 20152014 (Restated) Change Revenue1,121.71,241.2(10%) Continuing Operations52.847.012% Discontinued Operations1,068.91,194.2(10%) Net profit from normal operation ^59.7125.4(52%) Continuing Operations28.620.440% Discontinued Operations31.1105.0(70%) Net profit attributable to shareholders316.2136.8* Continuing Operations285.131.8* Discontinued Operations31.1105.0(70%) Basic EPS (HK cents)20.38.8* Continuing Operations18.32.0* Discontinued Operations2.06.8(70%) DPS (HK cents)2.86.0(53%) * Represents a change in excess of 100% ^ Net profit from normal operations excluded a fair value gain on investment properties of $191.4 million (FY 2014: $11.4 million) and a gain on partial disposal of interests in an associate of $65.1 million in FY 2015 (FY 2014: nil) Financial Highlights

4 Revenue contribution

5 (In HK$m, unless stated otherwise) Adjusted EBITDA ^Adjusted Operating profit # For the year ended Dec 31 20152014 (Restated) Change20152014 (Restated) Change Continuing operations Property39.536.39%34.331.110% Discontinued operations Newspaper55.5103.5(46%)8.151.6(84%) Magazine83.695.6(13%)75.186.7(13%) Others(17.4)(0.1)*(19.3)(1.7)* 121.7199.0(39%)63.9136.6(53%) Total161.2235.3(31%)98.2167.7(41%) * Represents a change in excess of 100% ^ Adjusted EBITDA is defined as earnings before interest, tax, depreciation and amortization, other income and fair value gain on investment properties. # Adjusted operating profit is defined as operating profit before other income and a fair value gain on investment properties Performance across businesses

6 Cost structure – Continuing & Discontinued operations * Above breakdown is based on operating expenses before depreciation & amortization

7 Cost structure – Continuing operation * Above breakdown is based on operating expenses before depreciation & amortization

8 Balance Sheet Highlights (In HK$m, unless stated otherwise) 31 Dec 201531 Dec 2014Change Property, plant and equipment97531(434)^ Investment properties1,9231,732191 Available-for-sale financial assets139185(46) Bank balance & deposits39464(425)^ Net cash39457(418)^ Net assets of disposal group classified as held for sale 1,230- ^ Net assets to shareholders3,3183,116202 NAV per share (HK$)2.12.00.1 No. of shares in issue1,561,057,596 - ^The decrease of Property, plant and equipment, Bank balance & deposits and Net cash were mainly due to the assets of the disposal group being reclassified as assets held for sale as at 31 Dec 2015.


Download ppt "SCMP GROUP LIMITED 2015 ANNUAL RESULTS 14 March 2016."

Similar presentations


Ads by Google