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Hong Leong Asia · PDF fileHONG LEONG ASIA LTD ANNUAL GENERAL MEETING FY2012 . MACROECONOMIC...
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HONG LEONG ASIA L TD ANNUAL GENERAL MEETING FY2012
Transcript of Hong Leong Asia · PDF fileHONG LEONG ASIA LTD ANNUAL GENERAL MEETING FY2012 . MACROECONOMIC...
HONG LEONG ASIA LTD ANNUAL GENERAL MEETING
FY2012
MACROECONOMIC
ENVIRONMENT
IN PERSPECTIVE
Macroeconomic Factors
2012
Global economy affected by Euro crisis and weakness in US economy
China GDP slowed to 7.8%
Labour cost continue to increase as a result of increase in minimum wage
Singapore economy grew at a lower pace of 1.3% in 2012 compared with 4.9% in 2011
Robust construction industries in Singapore/Malaysia have a positive impact on building materials
Macroeconomic Factors
Challenges
Highly competitive industries
Slow down in economy in major market
Cost escalation – labour costs
Opportunities
Buoyant construction industry in Singapore and
Malaysia
HLA Group Financials
(In S$’million)
-
1,000
2,000
3,000
4,000
5,000
6,000
2008 2009 2010 2011 2012
Revenue 11%
-60
-40
-20
0
20
40
60
80
100
120
140
2008 2009 2010 2011 2012
PATMI (In S$’million) 142%
0
100
200
300
400
500
600
700
2008 2009 2010 2011 2012
EBITDA (In S$’million) (In S$’million)
-
200
400
600
800
1,000
1,200
1,400
2008 2009 2010 2011 2012
Cash & ST Deposits 32% 21%
YUCHAI
Financial Highlights
6,000
8,000
10,000
12,000
14,000
16,000
18,000
2008 2009 2010 2011 2012
Revenue
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2008 2009 2010 2011 2012
PAT
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
2008 2009 2010 2011 2012
Cash
-
100
200
300
400
500
600
2008 2009 2010 2011 2012
Unit Sales
(RMB million)
(RMB million)
(RMB million)
(thousand units)
13% 34%
16% 20%
Market Overview: Commercial Vehicles
China Truck Market
Market Overview: Commercial Vehicles
China Bus Market
Unit Sales: 2008-2012
-
100,000
200,000
300,000
400,000
500,000
600,000
2008 2009 2010 2011 2012
XINFEI
Financial Highlights
-
1,000
2,000
3,000
4,000
5,000
6,000
2008 2009 2010 2011 2012
Revenue
-800.0
-600.0
-400.0
-200.0
0.0
200.0
400.0
2008 2009 2010 2011 2012
PAT
0
50
100
150
200
250
300
350
400
450
500
2008 2009 2010 2011 2012
Cash
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2008 2009 2010 2011 2012
Unit Sales
(RMB million)
(RMB million)
(RMB million)
(thousand units)
24%
5% 22%
185%
The Revitalized Brand
Revitalized the brand in Q3 of 2012.
This is to reach out to the young and sophisticated consumers in China.
Expand Frestec to the International markets outside of China.
BUILDING MATERIALS
Financial Highlights
0.0
100.0
200.0
300.0
400.0
500.0
600.0
2008 2009 2010 2011 2012
Revenue
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
2008 2009 2010 2011 2012
PAT
0
50
100
150
200
250
300
2008 2009 2010 2011 2012
Cash
-
1,000
2,000
3,000
4,000
5,000
6,000
2008 2009 2010 2011 2012
Unit Sales
Cement
Precast
RMC
(‘000 MT/’000 m3)
(S$ million)
(S$ million)
(S$ million) 11%
6%
0%
(‘000 MT)
(‘000 m3)
(‘000 m3)
Value of Construction Activities
2012: Preliminary Actual
2013 BCA Forecast is $26-32 billion. Average is $29 billion (shown above).
Source: BCA Media Release: Public sector projects to boost construction demand in 2013
15.5 13.9
8.6
15.3
9.3
15.5
20.2
8.6 19.0
20.2
18.8
13.5
0
5
10
15
20
25
30
35
40
2008 2009 2010 2011 2012 (P) 2013 (F)
Private Sector
Public Sector
Contracts Awarded-Singapore SGD Billion
REX
Key Investment Highlights
Serves high profile customers
Wide product range
Good geographical spread
Higher raw material costs/labour costs in PRC
80
82
84
86
88
90
92
94
96
98
2008 2009 2010 2011 2012
Revenue
Financial Highlights (excluding GPac)
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
2008 2009 2010 2011 2012
PAT
16,000
18,000
20,000
22,000
24,000
26,000
28,000
2008 2009 2010 2011 2012
Unit Sales (MT)
(S$ million) (S$ million) 3%
5%
100%
High Profile Customers
Wide Product Range
Geographical Spread
Thank You
