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1 PPB GROUP BERHAD Final Results Year Ended 31 Dec 2005 Presented by Koh Mei Lee Senior Manager (Corporate Affairs)
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2 Agenda 1. Group financial highlights 2. Dividend record 3. Share information 4. Capital commitments 5. Prospects for 2006
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3 Financial results FY2005FY2004Change RM mil % Revenue10,68811,000(3) Profit from operations517602(14) Net profit from investing activities6081(26) Share of associates/ JV68663 Finance costs(16)(15)3 PBT629734(14) Tax(161)(184)(13) PAT468550(15) Minority interest(74)(149)(50) Net profit394401(2) EPS (sen)33.337.9(12)
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4 Segmental information Sugar & cane 7% Grains trading, flour & feed milling8% Edible oils refining & trading 71% Oil palm plantations5%Waste management & utilities1% Filmexhibition1% Property0.4% Others6.6% Revenue Total RM10.7 billion
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5 Segmental information Sugar & cane 17% Grains trading, flour & feed milling11% Edible oils refining & trading 24% Oil palm plantations31%Waste management & utilities-1% Filmexhibition3% Property4% Others11% Operating profits Total RM517 million
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6 Major contributors to group operating profit Reason for higher/ lower profits Sugar & cane Higher raw sugar prices. Grains trading, flour & feed milling Higher sales. Edible oils refining & trading Higher sales volume & better refining margins. Oil palm plantations Lower CPO prices. Higher operating cost. Average CPO price realised :- Year 2004RM1,610 per tonne Year 2005RM1,349 per tonne RM million RM52 m (37%) RM59m (26%) RM14m (34%) RM11m (10%)
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7 Major contributors to group operating profit Reason for higher/ lower profits Waste management & utilities Due to losses from a Singapore subsidiary, Marathon Equipment Asia Pte Ltd which has since been divested. Film exhibition Stronger performance of blockbuster films. Opening of new cineplexes. Property Most of the residential houses have been sold. Others Livestock (up RM16.3million) Manufacturing & trading (up RM8million) RM million RM7m (>100%) RM6m (51%) RM9m (32%) RM11m (21%)
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8 Share of associates/ JV’s results Registered higher profits mainly contributed by :- Kerry-Glory Flour Mills Co Ltd (up RM4.6 million). RM million RM2m (3.3%)
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9 PBT for 5 years RM Million Year
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10 Cash and borrowings RM Million
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11 Dividend record Dividend Per Share Net Dividend Net Dividend Payout ratio GrossNetPaid/payableYieldGroupCompany Year (sen) (RM Million)(%) 2005 -Interim -Final 5.015.03.610.842.678128.0343.543.3115.9 170.712 2004 30.023.7140.4823.535.175.4 2003 25.020.5100.6753.127.172.3 2002 46.543.0210.96810.986.897.6 2001 20.015.868.6884.840.349.1 * The final dividend for year 2005 is payable on 7 June 2006 and is based on the enlarged share capital of 1,185,499,882.
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12 Share performance Y2005 Y2006 RM3.35 (adj. for BI) RM4.16RM4.12 871 900 929 31 24 31-3-05 31-12-0528-2-06 Bonus issue on 8.6.05 Closing price - Pre BIRM7.10 Closing price - Post BIRM3.60 HighRM4.50 (on 7.10.05) LowRM3.58 (8.6.05)
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13 Capital commitment as at 31 Dec 2005 RM660 million Capital commitments RM457mRM140mRM25mRM29m PPBOPFFMMSMPPB Leisure RM9m Others
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14 Capital commitment as at 31 Dec 2005 PPB Leisure MSMFFMPPBOP PPE & Others RM - Malaysia4m -Sabah55m -Sarawak10m -Indonesia184m Total253m Plantation development -Sabah61m -Sarawak11m -Indonesia132m Total204m Construction, upgrading & acquisition of land RM Kernel crushing plant 16m Processing plants at West Port 38m Flour mill project at Prai 46m Others40m Total140m Upgrading and replacement New cinema and upgrading RM New multiplex 28.3m Cinema upgrading expenditure 0.7m Total29m Capital commitments Refined sugar silo RM 6m Melting & packaging 16m Others3m Total25m
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15 Prospects for 2006 2006 is expected to be another challenging year for the Group. The oil palm plantations division should be contributing higher profits with the increase in crop production and based on current prices. Sugar division is expected to face higher raw material prices. Other core operations are expected to perform satisfactorily.
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