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Umw Holdings Berhad Corporate Presentation

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Umw Holdings Berhad Corporate Presentation BEYOND BOUNDARIES UMW HOLDINGS BERHAD CORPORATE PRESENTATION FEBRUARY 2020 UMW HOLDINGS BERHAD OUR BUSINESS DIVERSIFIED PORTFOLIO AUTOMOTIVE EQUIPMENT MANUFACTURING LANDBANK & ENGINEERING • Manufacture • Distribution • Manufacture of • Unlocking value • Assembly • Trading fan case of our vast landbank in • Distribution • Leasing • Manufacture of automotive Serendah • Sales & service • After-sales components service • Blending & distribution of lubricants UMW HOLDINGS BERHAD 2 OUR STRENGTH LEADER IN OUR CORE BUSINESS SEGMENTS AUTOMOTIVE EQUIPMENT MANUFACTURING & ENGINEERING • Leader in the Malaysian • Distribute Komatsu heavy • First Malaysian company to automotive industry with equipment in 5 countries in manufacture and assemble 51.4% market share (2019) the Asia-Pacific region. fan cases for Rolls-Royce as through Toyota, Lexus and a Tier 1 supplier. Perodua marques. • Hold more than 50% market share for Toyota forklift in • Manufacture and export Malaysia and Singapore; have KYB shock absorbers to 38 operations in 5 countries in countries from Malaysia. Asia-Pacific. UMW HOLDINGS BERHAD 3 OUR REVENUE AND PBT CONTRIBUTION SEGMENTAL BREAKDOWN 2014 2015 2016 2017 2018 1% 2% 6% 5% 6% 7% 6% 7% 7% 7% 13% 13% 14% 20% 13% 13% 14% 21% 22% 21% 86% 81% 81% 78% 81% 81% 79% 72% 71% 72% REVENUE PBT REVENUE PBT REVENUE PBT * REVENUE PBT * REVENUE PBT * Automotive Equipment Manufacturing & Engineering * Excluding Aerospace sub-segment (within Manufacturing & Engineering) which was loss-making due to start-up operations UMW HOLDINGS BERHAD 4 OUR INTERNATIONAL PRESENCE 12 KEY MARKETS Automotive Myanmar Equipment Manufacturing & Engineering WORKFORCE Seychelles 18,342 China Vietnam Malaysia Papua AA2 New Guinea Singapore CREDIT RATING Sri Lanka Fiji RAM Ratings Indonesia Mauritius Brunei * Key markets and Workforce are inclusive of UMW and Perodua UMW HOLDINGS BERHAD 5 OUR SHAREHOLDERS AS AT 31 JANUARY 2020 PNB 60.57 ▪ Permodalan Nasional Berhad & PNB Managed Unit Trust Funds, 60.57% RM4.6b EPF 31/1/2020 Foreign Shareholders 11.31 Market Capitalisation ▪ Employees Provident Fund Board, ▪ Foreign Shareholders, 5.33% 11.31% 5.33 15.74 7.05 Other Local Shareholders KWAP ▪ Other Local Shareholders, 15.74% ▪ Kumpulan Wang Persaraan (Diperbadankan), 7.05% Bloomberg ticker UMWH:MK Total number of shares 1,168,293,932 FTSE4Good Bursa Malaysia Index constituent Bursa Malaysia Listing sector Main Market, Consumer Products & Services UMW HOLDINGS BERHAD 6 GROUP FINANCIAL HIGHLIGHTS HISTORICAL PERFORMANCE 1 2 ▪ Revenue (RM million) ▪ PATAMI (RM million) 3 4 ▪ Gross Dividend Per Share of RM0.50 each (sen) ▪ Dividend Payout Ratio (%) UMW HOLDINGS BERHAD 7 AUTOMOTIVE SEGMENT UMW HOLDINGS BERHAD AUTOMOTIVE SEGMENT STRUCTURE 51% 38% Investment holding, UMW Toyota Motor Perusahaan Otomobil Kedua Investment holding and importation and distribution provision of management and Sdn. Bhd.* of Toyota vehicles and Sdn. Bhd.** administrative services related parts Marketing and distribution of 100% Perodua Sales motor vehicles, related spare 100% Assembly Services Assembler of Sdn. Bhd. parts and other related activities Sdn. Bhd. vehicles 49% Investment holding and Perodua Auto provision of management and 100% Automotive Industries Manufacturer and Corporation Sdn. Bhd.*** administrative services supplier of exhaust Sdn. Bhd. systems 51% Manufacturer and assembler of Perodua Manufacturing motor vehicles and other related Manufacturer of car 65% Toyota Boshoku 49% activities seats, door trims, Sdn. Bhd. UMW Sdn. Bhd. headlining, etc. 51% Manufacturer and assembler of Perodua Global Manufacturing motor vehicles and other related 49% Sdn. Bhd. activities Manufacturer and dealer in 49% Perodua Engine Manufacturing component parts including 51% Sdn. Bhd. engines, couplings and 30% UMW Toyotsu Motors Sales and service of Toyota transmission components and Lexus vehicles and Sdn. Bhd. parts 30% Ingress Technologies Manufacturer of complete door Sdn. Bhd. assemblies and press parts 30% Toyota Capital Malaysia Hire purchase financing of Toyota customers Sdn. Bhd. 51% Daihatsu Motor Co., Ltd 49% Daihatsu Perodua Engine Manufacturer of engine and Manufacturing Sdn. Bhd. engine components for Energy Efficient Vehicles ** 4.2% Mitsui & Co., Ltd ******* 41% Daihatsu Motor Co., Ltd *39% Toyota Motor Corporation 2.8% Mitsui & Co., ( Asia Pacific) Pte Ltd UMW6% HOLDINGS Mitsui Co., Ltd BERHAD 10% Toyota Tsusho Corporation 9 5% Daihatsu (Malaysia) Sdn Bhd 4% Mitsui & Co., ( Asia Pacific) Pte Ltd UMW GROUP MARQUES AND MODELS LS ES NX RX LX LC COMPLETELY KNOCKED-DOWN (CKD) VIOS YARIS HILUX INNOVA FORTUNER RUSH HIACE COMPLETELY BUILT-UP (CBU) THAILAND INDONESIA JAPAN CAMRY COROLLA C-HR AVANZA ALPHARD VELLFIRE HARRIER COMPLETELY KNOCKED-DOWN (CKD) MYVI AXIA BEZZA ARUZ ALZA UMW HOLDINGS BERHAD 10 TOTAL INDUSTRY VOLUME (TIV) MALAYSIA AUTOMOTIVE ASSOCIATION (MAA) Unit sales % Growth Year-on-Year 655,744 666,487 666,677 627,733 605,156 600,123 598,598 604,287 607,000 580,085 576,625 536,905 12.7% 4.6% 4.5% 3.8% 1.6% 0.0% 1.0% -2.0% -0.8% -0.6% -13.0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020T ▪ Low industry growth due to no end-of-life policy, no scrap policy, high car ownership. ▪ In 2019,TIV grew 1.0% to register sales of 604,287 units, fueled by the passenger vehicles (PV) segment which saw sales of 550,179 units. Within the PV segment, passenger cars continued to form the biggest segment with 69.4%. ▪ MAA is forecasting a marginal TIV growth in 2020, with a sales target of 607,000 units. UMW HOLDINGS BERHAD 11 UNIT SALES UMW TOYOTA MOTOR - TOYOTA AND LEXUS MODELS Unit sales Market Share 17.0% 15.3% 15.6% 15.2% 14.8% 14.1% 14.4% 12.2% 11.2% 11.1% 11.6% 106,622 103,636 95,861 91,990 88,662 92,521 82,089 70,445 70,009 65,110 66,562 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ▪ Importation of CBU vehicles and CKD components are transacted in US Dollar. ▪ UMWT launched the all-new Vios, Yaris and Corolla in 2019. ▪ Vios and Yaris are produced at UMWT’s new Bukit Raja plant whilst the Corolla is a CBU model from Thailand. Vios and Yaris share the same platform, with local content above 80%. UMW HOLDINGS BERHAD 12 UNIT SALES PERODUA – 38%-OWNED ASSOCIATE Unit sales Market Share 39.8% 38.0% 35.7% 35.5% 31.1% 31.2% 32.0% 30.0% 30.1% 29.9% 29.3% 240,341 240,000 227,243 213,307 207,110 196,071 195,579 204,887 188,641 179,989 189,137 166,736 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020T ▪ Perodua maintained its No.1 position in overall market share for the 14th consecutive year in 2019. ▪ The all-new 7-seater SUV, Perodua Aruz was launched in January 2019. Enhanced Perodua Axia was introduced in September 2019. ▪ Exports to 7 countries - Indonesia, Singapore, Mauritius, Fiji, Sri Lanka, Brunei and Seychelles. UMW HOLDINGS BERHAD 13 AUTOMOTIVE INDUSTRY – MARKET SHARE UMW GROUP MARKET SHARE GREW TO 51.4% IN 2019 • UMW Group sold 310,350 2018 units in 2019 with a market 227,243 38.0% share of 51.4% (2018 – 49.1%) 2018 39.8% 66,562 11.1% Perodua 11.6% 240,341 UMW Toyota 70,009 Other Carmakers’ Sales and Market Share Brand 2019 2018 48.6% Units Market Units Market Others Share % Share % 293,937 Proton 100,183 16.6 64,744 10.8 Honda 85,418 14.1 102,282 17.1 Nissan 21,239 3.5 28,610 4.8 Mazda 11,651 1.9 16,038 2.7 Other brands 75,446 12.5 93,119 15.6 2018 304,909 Total TIV 604,287 598,598 50.9% Source: Malaysian Automotive Association UMW HOLDINGS BERHAD 14 AUTOMOTIVE INDUSTRY OUTLOOK AUTO SALES GROWTH LARGELY DEPENDS ON THE STATE OF THE ECONOMY INDICATORS Real private consumption growth (% y-o-y) Private consumption have normalized towards its long- 8.9 8.4 7.9 7.6 7.8 term average trend after the exceptional period during 7.1 6.9 6.6 7.0 the GST-free phase of June to August 2018. 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 Malaysia TIV 2018-2020F (units) 612,000 Sustained private consumption growth could underpin 600,000 598,714 TIV growth in 2020 2018 2019F 2020F Source: MAA UMW HOLDINGS BERHAD 15 UMW TOYOTA MOTOR OPTIMISE COSTS WHILE ELEVATING REVENUE Improve Cost optimisation Competitiveness 1 Expansion of model line-up 1 Higher localisation 2 Attractive financing packages – 2 Higher automation in partnership with Toyota Capital 3 Highly-efficient Bukit Raja plant 3 Collaboration with dealers to boost after-sales 4 Network rationalisation • 4 new SUV models 2020 • Market share of 12% UMW HOLDINGS BERHAD 16 UMW TOYOTA MOTOR ATTRACTIVE STEP-UP FINANCING PACKAGES TOYOTA EZ BELI CAMPAIGN • 9-year financing plan – 3-tier step-up • Currently for Yaris, Vios, Avanza and Hilux – with plans for other models • Mainly to target first time buyers UMW HOLDINGS BERHAD 17 PERODUA LEVERAGE ON EXCELLENT BRAND PERCEPTION FOR ENTRY-LEVEL SEGMENT 1 Strategic planning of future car 2 Ride on Perodua’s success in the models entry-level segment • To ensure it can compete effectively against • Perodua introduced an all-new SUV model, its direct competitors Aruz in January 2019 • Enhanced Perodua Axia was introduced in September 2019 • Facelift Perodua Bezza to be launched in early 2020 UMW HOLDINGS BERHAD 18 FINANCIAL HIGHLIGHTS AUTOMOTIVE 11,498.1 10,766.0 10,722.0 10,023.0 8,451.0 8,972.2 8,946.7 Revenue (RM million) 2012 2013 2014 2015 2016 2017 2018 1,796.8 1,413.5 1,475.3 PBT * 860.9 550.0 (RM million) 496.9 446.1 2012 2013 2014 2015 2016 2017 2018 * PBT includes contribution from Perodua UMW HOLDINGS BERHAD 19 EQUIPMENT SEGMENT UMW HOLDINGS BERHAD EQUIPMENT SEGMENT DISTRIBUTOR OF GLOBALLY-KNOWN BRANDS IN SOME PARTS OF THE REGION • Agriculture HEAVY • Construction EQUIPMENT
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