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1 PPB GROUP BERHAD Financial Results (unaudited) Presented by Koh Mei Lee Senior Manager (Corporate Affairs) Disclaimer: The contents of this presentation include materials which may be capable of being interpreted as forward-looking statements. Such statements are merely predictions and targets, based on circumstances and reasonable assumptions which apply only at the date of such statements. Accordingly, no reliance should be placed on any forward-looking statements, express or implied, contained in this presentation. for the year ended 31 December 2007
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2 Agenda 1.Group Financial Highlights 3. Share Information 4. Prospects for 2008 2. Dividend Record
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3 Group Financial Highlights
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4 Financial Results for year ended 31 December 2007 Continuing Operations Discontinued Operations ◘ Sugar & Cane Plantation ◘ Grains trading, flour & feed milling ◘ Waste management & utilities ◘ Film exhibition ◘ Property ◘ Others ◘ Edible oils refining & trading ◘ Oil palm plantations
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5 Revenue 2.591 bil Operating Expenses 2.989 bil 2.389 bil2.734 bil 2006 (RM) 2007 (RM) Change 15.4% 14.4% Continuing Operations PBT * 392.0 mil576.6 mil 47.1% EPS 23.77 sen 43.02 sen 81% *PBT includes share of Wilmar results from May 2007 amounting to RM226 million. * PBT also includes PPB’s 25% share of losses incurred by Trinity Coral Sdn Bhd amounting to RM35 million and allowance for doubtful debts to the same company of RM41 million. Financial Results for year ended 31 December 2007
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6 8.929 bil3.165 bil 8.584 bil3.056 bil 2006 (RM) 2007 (RM) Change 64.6% 64.4% Discontinued Operations Operating Revenue Operating Expenses PBT EPS (one-off gain) 448.0 mil199.5 mil >100% -535.30 sen Financial Results for year ended 31 December 2007 * Include one-off gain of RM6.346 billion from disposal of PGEO, PPBOP and KOG to Wilmar. EPS (exclude one-off gain) 23.52sen10.94 sen53.5% - Profit for the year* 367.7 mil 6.514 bil* 55.5%
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7 ROE 12.1%61.1% 20062007 Continuing & Discontinued Operations Total Borrowings / Equity 14.9%0.5% 589.26 sen 47.29 sen EPS Financial Ratios for year ended 31 December 2007 Net Assets per Share* RM3.92RM9.65 * Attributable to shareholders of the company
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8 Segmental Information for year ended 31 December 2007 Continuing operations Discontinued operations 48% 52% TOTAL REVENUE
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9 Sugar & cane 16.73% Grains trading, flour & feed milling 16.0% Edible oils refining & trading 47.96% Oil palm plantations 3.91% Waste management & utilities 1.46% Film exhibition 2.31% Property 1.36% Others 10.27% Total Revenue Continuing & discontinued operations Total RM6.154 billion Discontinued Operations ≈ 52% Segmental Information for year ended 31 December 2007
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10 Sugar & cane 34.95% Grains trading, flour & feed milling 33.44% Waste management & utilities 3.06% Film exhibition 4.82% Property 2.84% Others 20.89% Revenue Continuing operations Total RM2.989 billion Segmental Information for year ended 31 December 2007
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11 Segmental Information for year ended 31 December 2007 70% 30% Continuing operations Discontinued operations TOTAL OPERATING PROFITS
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12 Sugar & cane 30.77% Grains trading, flour & feed milling 29.42% Edible oils refining & trading 5.18% Oil palm plantations 24.85% Waste management & utilities 0.92% Film exhibition 5.27% Property 5.41% Others - 1.82% Total Operating profits Continuing & discontinued operations Total RM430.7 million Discontinued Operations ≈ 30% Segmental Information for year ended 31 December 2007
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13 Sugar & cane 44.2% Grains trading, flour & feed milling 42.2% Waste management & utilities 1.3% Film exhibition 7.6% Property 7.8% Others -3.1% Total Operating profits Continuing operations Total RM300.8 million Segmental Information for year ended 31 December 2007
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14 Major Contributors to Group Operating Profit Reason for higher profits Sugar & cane Higher sales volume. Grains trading, flour & feed milling Improved selling prices of specialty flour and animal feed products. Film exhibition Stronger performance of blockbuster films. More commercial films released. Property Gains from sale of Masera units. Higher rental income from Cheras Leisure Mall and Cheras Plaza
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15 5-year PBT RM Million Year *EI = Exceptional gain from disposal to Wilmar 2006 RM’000 2007 RM’000 Period for the period before EI* 694,250669,132 Profit for the period after EI* 694,2507,015,182 Profit attributable to shareholders before EI* 560,665639,585 Profit attributable to shareholders after EI* 560,6656,985,635
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16 5-year Profit Attributable to Shareholders RM Million Year
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17 RM Million Cash & Borrowing as at 31 December
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18 Dividend Record
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19 Dividend Record * The Board recommended a final dividend of 25 sen for the financial year 2007 which is payable on 6 June 2008. Net dividend for 2007 increased by 52% over that paid for 2006. # Based on earnings excluding the EI profit on disposal to Wilmar. DividendNet Payout ratio# Per ShareDividend GrossNetPaid/payableYieldGroupCompany Year (sen) (RM Million)(%) 2007 - Interim -Final 5 25 3.65 18.5 43.271 219.317 2.0 41.1 62.5 2006 2014.55172.4902.730.8103.6 2005 2014.40170.7123.543.3115.9 2004 1511.85140.4823.535.175.4 2003 12.510.26100.6753.127.172.3
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20 Share Information
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PPB Close →RM11 20062007 Share Performance Jan – Dec 2007PPBKLCI Closing Price (High)RM11.00 1447.04 Closing Price (Low)RM5.25 1106.06 Closing (31.12.07)RM11.00 1445.03 KLCI close → 1445.03 2008
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22 Prospects for 2008
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23 Prospects for 2008 For 2008, the business environment is expected to be complex with rising raw sugar and wheat prices whilst ocean freight rates remain volatile. The management of PPB Group has and will continue to overcome these challenges so that the operating results for 2008 will be comparable to 2007.
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24 Will be covered by individual companies. Expansion / Future Plans
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25 THE END
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