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Investor Presentation Q3 2012/13


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Investor Presentation Q3 2012/13

  1. 1. HEMAS HOLDINGS PLC Investor Presentation Q3 2012/13
  2. 2. Sri Lanka: Macro Highlights Economic Growth 8.4% 8.3% 7.9% Decreased to 4.8% in Q3;Economic Growth 6.4% lowest in 3 years 4.8% Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 12 M T Bill rate 11.32% 12.88% 13.02% 11.69% Dropped to 11.25% posting 11.25%Interest Rates 9.31% a downward trend Q3 2011 Q4 2011 Q1 2012 Q2 2012 Q3 2012 Jan 2013 Exchange Rate 129.57 135.46 131.17 128.82 128.29 Showed a tendency ofExchange Rate 114.88 recovering: Rs 128.29/USD Dec 2011 March 2012 June 2012 Sept 2012 Dec 2012 Jan 2013 Inflation 9.1% 9.2% 9.8% 9.3% 4.9% 5.5% Moved upwards; YoY 9.8%Inflation Annual average for 2012 was recorded at 7.6% Dec 2011 March 2012 June 2012 Sept 2012 Dec 2012 Jan 2013 Source: CBSL
  3. 3. Hemas Group: A SnapshotShare Price (As at 26.02.2013) Rs. 27.90Market Capitalization Rs. 14.4Bn% of Total Market 0.65%PER 10.2*PBV 1.25No of Shares 515,290,620Public Shareholding 28.33% PER Sector & Market PER vs Hemas PER30. 5.0 - Sept 2011 Dec 2011 Mar 2012 June 2012 Sept 2012 Dec 2012 * PER based on annualized earnings Diversified Sector PER Market PER Hemas PER
  4. 4. Hemas Group: Performance HighlightsFigures are in Rs. Millions Q3 2012/13 Q3 2011/12 % ChangeGroup Turnover 19,244 15,255 26%PAT 1,196 917 30%Group Earnings 1,053 837 26%Cash from Operations 382 625 -39%Total Assets 24,926 20,385 22%Shareholders’ Funds 11,540 9,549 21%Capital Employed 18,745 15,240 23% Q3 2012/13 Q3 2011/12 % ChangeEPS 2.72 2.17 26%Net Assets per Share 22.40 18.53 21%ROE 13.3% 12.4% 8%ROCE 12.8% 11.3% 13% All financials as per SLAS
  5. 5. Q3: Revenue and Earnings HighlightsRs. Millions20,000 Group Revenue Growth 30%  Group revenue recorded a15,000 20% growth of 26.1%, YoY10,000 10%  Revenue growth was driven 5,000 0% by Power, Healthcare and FMCG sectors - -10% 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 Group Turnover YoY Growth Rs. Millions Growth 1,200 Group Earnings 80% 1,000  Group earnings recorded a 60% growth of 25.8%, YoY 800 40% 600  Earnings growth was driven 20% 400 by FMCG, Leisure, Healthcare 0% 200 and Transportation sectors - -20% 2007/08 2008/09 2009/10 2010/11 2011/12 2012/13 Group Earnings YoY Growth
  6. 6. Q3: Revenue and Earnings ContributionQ3: Revenue Contribution Q3: Earnings Contribution 4% 11% 23% 29% 16% 39% 4% 7% 6% 35% 27%FMCG Healthcare Leisure FMCG Healthcare LeisureTransportation Power Other Transportation Power
  7. 7. FMCG: Performance Highlights Q3 12/13 Q3 11/12 Change Turnover (Rs. Mn) 5,636 4,884 15% PAT (Rs. Mn) 548 431 27% Revenue growth was driven by strong performance in personal care and personal wash categories led by Baby Cheramy, Kumarika and Velvet brands Personal care category posted the highest market share achieved over two years Clogard recorded the highest market share since 2008, while Kumarika recorded the highest market share since its introduction Hemas entered the deodorant market by introducing two new variants under Gold and new fragrances under Goya & Pro Sport, strengthening our market position in the fragrance category VAT on large scale wholesalers and supermarkets by the 2013 Budget proposal impacted modern trade sales
  8. 8. Big Heart Project continues Continuing the Big Heart project which was commenced to fund the educational needs of disadvantaged children, a 20-20 cricket match was organized and played in January 2013 This cricket match reunited the 96 world cup champions who stepped forward as volunteers for this worthy cause and they played against Sri Lankan cricket legends Mr. Roshan Mahanama appeared as the honorary project ambassador for this project which was directed towards fulfilling a national need Funds raised from this event which was a great success, was donated to the ‘Nana Diriya’ program of the Ministry of Child Development and Women Affairs
  9. 9. Healthcare: Performance Highlights Q3 12/13 Q3 11/12 Change Turnover (Rs. Mn) 6,662 5,462 22% PAT (Rs. Mn) 360 270 33% Pharmaceutical business was the main contributor to sector revenue growth • Revenue growth of Pharma: 20.8% • Revenue growth of Hospitals: 28.1% Hemas Pharmaceuticals reinforced its position as the market leader with an improved market share of 17.77% (Source: IMS) Hemas Wattala Hospital celebrated its 4th year of operations during the quarter Construction of our 3rd hospital at Thalawathugoda is on schedule, and we expect to serve our first patient in mid 2013 Preliminary discussions were successfully concluded to introduce dialysis services in our hospitals with the aim of strengthening the healthcare service portfolio
  10. 10. Leisure: Performance Highlights Q3 12/13 Q3 11/12 Change Turnover (Rs. Mn) 1,084 725 50% PAT (Rs. Mn) 204 26 696% Strong performance of the Leisure sector was mainly driven by the hotel business which experienced an average occupancy over 70% resulting from an attractive winter season Gross operating profit of the Hotels grew by an impressive 147% over last year Avani Kalutara resort was officially declared open by Hon. Basil Rajapakse in November 2012 Serendib Leisure Hotels were recognized with the following accolades during Q3: Avani Bentota Resort & Spa - Agoda Gold Circle Award for excellence in on-line distribution Club Hotel Dolphin - Holiday Check Award 2013 for being one of the 99 most popular hotels worldwide in the “Family” category Avani Bentota Resort & Spa and Hotel Sigiriya - Merit Certificates awarded by the EU- SWITCH ASIA for conservation & waste management Our destination management company, Diethelm Travels enjoyed a healthy quarter with 41% increase in revenue
  11. 11. Transportation: Performance Highlights Q3 12/13 Q3 11/12 Change Turnover (Rs. Mn) 747 541 38% PAT (Rs. Mn) 217 160 36% Strong performance in Aviation and Maritime segments resulted 38% growth in revenue over the last year Aviation segment enjoyed a healthy quarter with outbound travel business continuing to increase its market share “MercMas”; joint venture with Mercantile Shipping which commenced its operations to transport crew and sea marshals continues to gain acceptance among key clients Feeder agency business enjoyed a good quarter serving new customers with maritime services, which contributed positively towards sector earnings Our Logistics segment expanded its service portfolio into contract warehousing apart from the empty container transport business
  12. 12. Power: Performance Highlights Q3 12/13 Q3 11/12 Change Turnover (Rs. Mn) 4,395 3,119 41% PAT (Rs. Mn) 212 247 -14% Revenue growth of the sector was mainly driven by growth of our thermal power plant Heladhanavi due to the pass-through effect of escalating fuel price Despite ‘Giddawa’ hydro power plant being affected by floods during the quarter, our hydro power plants recorded a revenue growth of 31.6%, led by the performance of Magal Ganga Hydro power segment recorded a 33% increase in energy generation headed by Magal Ganga plant supported by the healthy north‐east monsoonal rains Sector earnings reported a decline of 14% with higher costs of borrowing and exchange losses on foreign currency borrowings, most of which is unrealized Pre-development work on new projects in Sri Lanka and in the East-African region are expected to continue over the next quarter
  13. 13. Corporate Social Responsibility Our 36th “Piyawara” preschool was opened in Theethakarie, Mulativue in February 2013; this is the second community pre-school opened in Mulativue First model pre school in Kilinochchi is under construction and scheduled to be opened in March 2013 An Angel Christmas tree was set up to collect Christmas gifts to be distributed among underprivileged children in Killinochchi, Ambalnagar, Mulativue, Pudukuduiruppu and Dharmapuram
  14. 14. Hemas Investor Relations: Telephone: +94 11 4 731 731 Email: Web: Hemas Holdings PLCHemas House, 75, Braybrooke Place, Colombo 2, Sri Lanka