Taklimat Projek Perladangan TDM di Kalimantan, Indonesia … › Upload › Docs › TDM › Slide Presentation... · 2015-05-07 · • 2014 was challenging but still a rewarding

1 3 June 2014

50th Annual General

Meeting

7 May 2015

Contents

1 2014 Financial Highlights 2 Contribution of Plantation Division 3 Contribution of Healthcare Division 4 Conclusion

• 2014 was challenging but still a rewarding year. • Our (CPO) production declined by 6%. • MPOB’s CPO’s Price was flat. • Profit from Healthcare Division declined by 15%. • Despite that, TDM still made very good progress.

3

Challenging but rewarding year

2014 Financial Highlights

Financial Highlights (2014)

RM386.1 million

3.82 sen RM0.90

RM68.4 million

Revenue Profit

Before Tax

Net Assets Per Share

Earnings Per Share

5

2014 - Key Financial Highlights

Group Revenue (RM’ mil)

125

197

228 205

159 145

171

238 230

200 194

267

381

336

394

516

455

371

386

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

2x

Annual average = RM184 mil


6

Group Profits (RM’ mil)

11 6 28

(21)

(49) (8)

6 29 26 23 27

60

141

77

130

222

149

67 68

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

|

300x

Annual average = RM0.3 mil


7

Net Assets per Share

0.22

0.49 0.53

0.46

0.25 0.21

0.41 0.42 0.44 0.46 0.46 0.48 0.56 0.59

0.64

0.99 1.02

0.85 0.90

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

| 2x

Annual average = RM0.37

Annual average = RM0.67

8 Note: Figures are adjusted for share split

Bonus Issue

Earnings per Share (EPS)

0.03 0.01 0.05

(0.01) (0.12) (0.02)

0.08

1.39 1.40 1.54 1.44

3.59

9.07

5.01

8.13

13.53

8.33

3.18 3.82

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

|

30x

Annual average = 0.18 sen

Annual average = 5.37 sen

9 Note: Figures are adjusted for share split

Split + Bonus Issue

Contribution by Plantation Div.

Better CPO

Pricing

11

TDM’s better CPO price contributes to better profit

YEAR

MPOB

TDM

2014

RM2,383

RM2,432

2013

RM2,371

RM2,360

12

2%

0%

-1%

3%

Other Progress by Plantation Div.

14

+1,484 +5,660

* Included new planted areas from Kalimantan, Indonesia

Total Planted Area (Ha)

32,710 33,222 33,374

39,034 40,518

44,005 45,389

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

2008 2009 2010 2011 2012 2013 2014

+152 +512

+3,487 +1,384

Growth in the Plantation Size

Terengganu mill rejuvenation program 2nd Bio-Composting plant KPOM

First plant (in STOM) operational since 2011

2nd is in construction (target operational in Q3 2015)

STOM produces 15,000t organic compost, while KPOM will produce 24,000t per annum.

15

Terengganu mill rejuvenation program Continuous sterilizer in KPOM and STOM

Will reduce cost of processing FFB by about 25%

16

Terengganu mill rejuvenation program Bio-Gas Plant in KPOM and STOM

17 Note: This is not an actual picture at our mills

Rejuvenation of Terengganu Estates (New Replanting Technique @ 4% p.a.)

A 2012 A 2013 A 2014 F 2015 F 2016 Replanting (Ha) 1,474 1,671 1,103 1,537 1,624

- 200 400 600 800

1,000 1,200 1,400 1,600 1,800

Replanting (Ha)

Replacing low yield, old trees with new high-yielding seedlings and high planting density and better irrigation system - to improve oil palm productivity

18

Many small innovations:

Gerobok

19


NETTING BAG FOR LOOSE FRUIT COLLECTION

RAKE AS LOOSE FRUIT COLLECTION TOOL

20


CONCRETE FFB PLATFORM

ASSISTED FFB COLLECTION USING BUFFALOES

21

Progress on Kalimantan Estates

Our estate in Kalimantan

22

Planted Area (Inti)

453 1,808

6,575

8,081

11,546

13,281

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

2009 2010 2011 2012 2013 2014

Planted (Ha)

23

Kabupaten Melawi, Kalimantan Barat

Pre-Nursery in Kalimantan

24


Main Nursery

25


Kalimantan Estate – Immature area

26


Kalimantan Estate – Immature area

27


Matured Palm

28


Matured Palm (2014 - 3,359 mt FFB)

29

Healthy Production

30


Mill Complex under construction

31


Main Building – the mills

32

Contribution by Healthcare Div.

Healthcare Revenue (RM’mil)

0.4 4.2 8.7

15.1 13.7 19.9 21.9 21.6 24.2

31.3

42.4

58.0 65.4

78.0

90.3

106.7 115.1

130.3

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

|



34

6x

Profits declined by 15% because of expansion

(1.1)

(3.2)

(5.1)

(6.9)

(4.1)

(1.5)

(4.9) (4.2)

(0.9) (0.9)

3.1

6.1

8.3

10.7 10.6 10.0

13.1

11.1

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

|

Annual average = (RM3.8 mil)

Annual average = RM4.1 mil Profit RM’mil

35

2x

Double capacity by 2017 Hospital Current

(Bed No.) Target

(Bed No.)

Kuantan Medical Centre 84 150

Kuala Terengganu Specialist 33 130

Taman Desa Medical Centre 45 90

Kelana Jaya Medical Centre 42 80

Total 204 450 x2

2015 2016 2017 2017

Commencement of new KMC Commencement of new KTS

New Hospital

36 Expansion for TDMCH

37

New KMC in 2015 In operation 2015

38

New KTS, Target Operation in Q1 2016

39

• Rehabilitation of our business requires very high CAPEX.

• In 2014, this rehabilitation costs us RM30 mil (in term of start-up losses).

• However, this investment is necessary to provide sustainable growth in the future.

• Hence, we adopt the approach of balancing dividends – investment for growth – and cash reserve.

40

Investment for future

37%

63%

2014 Actual

Group OPEX & CAPEX

41

61%

39%

2015 Budget

Opex Capex

Actual annual spending = RM495 mil Annual Budget = RM890 mil

35%

48%

17%

2014 Actual

Group CAPEX

42

16%

39%

45%

2015 Budget

Kalimantan Malaysia

RM182 mil RM546 mil Healthcare

Dividends Distribution (2014)

1. 30% of PATAMI

2. As the business is growing, so should be the dividend

44

Dividend Policy

Recommend 1.5 sen dividend per share (40% of PATAMI)

TDM paid RM219 mil in dividends (2007-2014)

4.3

12.1

23.1 26.4

38.3

45.4

54.3

14.8

22.2

0

10

20

30

40

50

60

2007 2008 2009 2010 2011 2012 2013 2014 2015

Dividend (RM'mil)

Maiden Dividend

45

Reinvest for future growth

Thank you

46

Documents

Taklimat Projek Perladangan TDM di Kalimantan, Indonesia … › Upload › Docs › TDM › Slide Presentation... · 2015-05-07 · • 2014 was challenging but still a rewarding