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Hemas Holdings PLC Investor Presentation Q3, 2013/14

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Hemas Holdings PLC Investor Presentation Q3, 2013/14

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Hemas Holdings PLC Investor Presentation Q3, 2013/14

  1. 1. HEMAS HOLDINGS PLC Investor Presentation Q3 2013/14
  2. 2. Hemas Group: A Snapshot Share Price (As at 20.02.2014) : Rs. 37.50 Market Capitalization : Rs. 19.3Bn % of Total Market : 0.82% PER : 9.84* PBV : 1.48 No of Shares : 515Mn Public Shareholding : 28.73% * PER based on annualized YTD Q3 earnings Sector & Market PER vs Hemas PER 30.0 25.0 20.0 Diversified Sector PER Market PER 15.0 Hemas PER 10.0 5.0 Sept 2012 Dec 2012 Mar 2013 Jun 2013 Sept 2013 Dec 2013
  3. 3. Hemas Group: Performance Highlights Figures are in Rs. Mn YTD Q3 2013/14 YTD Q3 2012/13 Group Turnover 23,665 19,312 23% Operating Profit 2,281 1,651 38% Group Earnings 1,473 1,067 38% Cash from Operations 2,279 375 507% Figures are in Rs. Mn YTD Q3 2013/14 31 March 2013 Total Assets 32,210 26,008 24% Net Current Assets 4,160 4,156 0.1% Shareholders’ Funds 13,084 12,153 8% Capital Employed 23,754 19,339 23% YTD Q3 2013/14 YTD Q3 2012/13 EPS* 3.81 2.76 38% Net Assets per Share 25.39 21.62 17% ROE* 16.2% 13.8% ROCE* 14.5% 13.1% % Change % Change % Change * Annualized based on YTD Q3 results
  4. 4. Group Revenue Growth Exceeds 20% Rs.Mn 25,000 Group Revenue 30% 25% 20,000 20% 15% 15,000 10% 10,000 5% 0% 5,000 -5% 0 -10% YTD Q3 2009/10 YTD Q3 2010/11 YTD Q3 2011/12 YTD Q3 2012/13 YTD Q3 2013/14 Revenue • • • Growth Group Revenue for the period ending 31st December 2013 was recorded at Rs. 23.6 Bn, a growth of 23% Revenue growth was driven by the Healthcare, FMCG and Transportation sectors New acquisitions, J.L Morison and Panasian power contributed Rs. 1,495Mn and Rs. 175Mn to Group Revenue respectively
  5. 5. Underlying Earnings Grow by 19% Group Earnings Rs.Mn 1,600 70% 1,400 60% 1,200 50% 40% 1,000 30% 800 20% 600 10% 400 0% 200 -10% 0 -20% YTD Q3 2009/10 YTD Q3 2010/11 YTD Q3 2011/12 Earnings • • • YTD Q3 2012/13 YTD Q3 2013/14 Growth Group Earnings for the period ending 31st December 2013 was reported at Rs. 1,473Mn, a growth of 38% Earnings growth was primarily driven by the capital gain of Rs. 375Mn recognized during the last quarter The underlying earnings growth adjusted for the capital gain, hotels closure and startup losses of Thalawathugoda hospital was 18.5%
  6. 6. Revenue and Earnings Composition Revenue Composition Other, 5% Earnings Composition FMCG, 31% Power, 13% FMCG, 38% Power, 19% Transporta tion, 18% Transportati on, 5% Leisure, 2% Leisure, 4% Healthcare, 37% Healthcare , 29% “Other” segment – (7%)
  7. 7. FMCG, Focused on Innovation YTD Q3 2013/14 Turnover (Rs.Mn) YTD Q3 % Change 2012/13 7,237 5,706 27% 607 567 7% PAT (Rs.Mn) YTD Q3 Revenue and PAT Rs.Mn • • Rs.Mn 8,000 700 7,000 600 6,000 500 • 5,000 400 4,000 • 300 3,000 2,000 200 1,000 100 0 0 2009/10 2010/11 2011/12 Revenue 2012/13 PAT 2013/14 • FMCG sector posted a revenue of Rs. 7.2 Bn, a growth of 27% Revenue growth was led by the strong performance of personal wash and personal care categories Sector operating profits grew by 24% led by growth in volumes Profit after tax growth was impacted by the increased tax burden due to expiration of the tax holiday Dandex, Diva and PRO were relaunched during the quarter enhancing the customer appeal
  8. 8. Hemas Pharma Outperforms Market • YTD Q3 2013/14 PAT (Rs.Mn) % Change 8,822 6,662 32% 417 Turnover (Rs.Mn) YTD Q3 2012/13 355 17% YTD Q3 Revenue and PAT Rs.Mn • 500 8,000 300 4,000 200 2,000 • 400 6,000 100 0 • 0 2009/10 2010/11 2011/12 Revenue 2012/13 PAT 2013/14 Hemas Pharmaceuticals reinforced its market leadership with an increased share of 19.2% (Source: IMS) Rs.Mn 10,000 Healthcare sector revenue was Rs. 8.8Bn with a growth of 32%, driven by the Pharmaceuticals revenue which grew by 19% • The business acquired a 35,000 sqft. modern warehouse at Elakanda, Wattala to expand the storage capacity Hospitals revenue experienced a growth of 29%, boosted with the revenue from our new hospital, Thalawathugoda Healthcare sector profits were impacted by the startup losses of the new hospital
  9. 9. Hotels Geared up for the Winter YTD Q3 YTD Q3 % Change 2013/14 2012/13 Turnover (Rs.Mn) 891 1,082 -18% PAT (Rs.Mn) 20 207 -90% YTD Q3 Revenue and PAT Rs.Mn 1,200 Rs.Mn 250 1,000 200 800 100 400 50 200 0 • 150 600 • 0 • • -50 2009/10 2010/11 2011/12 Revenue 2012/13 PAT 2013/14 • Club Hotel Dolphin was re-opened after the refurbishment on 1st November 2013 and enjoys occupancy levels over 80% Leisure Sector revenue was negatively impacted during the 1st two quarters of the year due to the closure of the two key hotels for refurbishment All our four hotels received the ‘Travelife GOLD’ certification in recognition of the highest level of commitment towards sustainable tourism practices Avani Kalutara was awarded as the ‘Top Hotel 2014’ by Holiday check travel site All our hotels are geared up to close the year on a stronger note
  10. 10. Container Yard Begins Operations YTD Q3 YTD Q3 % Change 2013/14 2012/13 Turnover (Rs.Mn) 1,080 216 • 45% 289 PAT (Rs.Mn) 747 • 34% • Revenue and PAT Rs.Mn Rs.Mn 1,200 350 1,000 300 250 800 • 200 600 150 400 100 200 • 50 0 0 2009/10 2010/11 2011/12 Revenue 2012/13 PAT 2013/14 • Transportation sector revenue surpassed Rs. 1Bn mark posting an impressive growth of 45% Revenue growth was driven by the logistics and the aviation segments Maritime segment was positively impacted by the growth in transshipment volumes Sector operating profits grew by 25% to record at Rs. 335Mn Hemas Logistics declared open its first container yard at Welisara in November The container yard can store and service over 3000 TEUs at any time using state-of-the-art container handlers
  11. 11. Healthy 9 Months for Hydro Power YTD Q3 YTD Q3 % Change 2013/14 2012/13 Turnover (Rs.Mn) PAT (Rs.Mn) 4,416 4,395 0.5% 358 212 69% YTD Q3 Revenue and PAT Rs.Mn • • Rs.Mn 5,000 400 350 4,000 300 • 250 3,000 200 2,000 150 • 100 1,000 50 0 0 2009/10 2010/11 2011/12 Revenue 2012/13 PAT 2013/14 • Power sector revenue growth was hindered by the thermal power generation curtailment imposed by the CEB Hydro power segment enjoyed a healthy period with increased rainfall in catchment areas and the increase in avoided-costtariff Hydro power revenue (excluding Panasian Power) grew by an impressive 89% Panasian Power contributed Rs. 175Mn to the sector revenue Sector operating profits grew by 56% to record Rs. 433Mn, for which Panasian Power contributed Rs. 129Mn
  12. 12. J.L Morison PAT Improves by 25% YTD Q3 YTD Q3 % Change 2013/14 2012/13 Turnover (Rs.Mn) 1,905 -12% 144 PAT (Rs.Mn) 2,163 115 25% YTD Q3 Revenue and PAT Rs.Mn • Rs.Mn 2,500 • 200 2,000 150 1,500 100 • 1,000 50 500 0 0 2009/10 2010/11 2011/12 Revenue 2012/13 PAT 2013/14 • J.L Morison recorded a revenue of Rs. 1.9Bn for the 9 months with the revenue of Pharmaceuticals and Agro segments growing by 15% and 14% respectively Operating profit and profit after tax improved by 23% and 25% respectively despite the drop in overall revenue Profit growth was largely driven by the pharmaceuticals segment of which operating profit grew by 33% J.L Morison contributed 6% to the Group revenue and 8% to Group profit after tax
  13. 13. Corporate Social Responsibility • • • “Piyawara” brand ambassador, Mr. Roshan Mahanama came forward to build the 39th Piyawara community pre-school with his personal funds, in Veheratenna, south of Mullathivu Christmas gifts were collected from the Hemas staff and were distributed among children in Malhawa, Bibile and Veheratanna, a resettled village in Welioya “Ape Sihiniya”, an exhibition to showcase the paintings and handicrafts of differently abled children from Hambantota Piyawara school was held at Hemas House on 9th and 10th of January 2014
  14. 14. In Our Efforts of Going Green… • • • • The environmental club of J.L Morison, “Thuruliya Committee” greeted the new year by planting Mahogani trees in their premises The top management of Hemas appreciated and rewarded the staff at Dankotuwa Factory for maintaining over 3,500 plants of jak, mahagony, kohomba and maadang Hemas Green club embarked on a pilot project to produce compost with food waste at Hemas House canteen The club also organized a lecture by Mr. Srilal Mittapala, a well-known wildlife activist in Sri Lanka, on Udawalawe’s iconic tusker “The Walawe Raja” on 6th December 2013
  15. 15. Hemas Investor Relations: Telephone: +94 11 4 731 731 Email: ir@hemas.com Web: http://www.hemas.com Hemas Holdings PLC Hemas House, 75, Braybrooke Place, Colombo 2, Sri Lanka

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