FINANCIAL RESULTS SUMMARY
FY 2020FINANCIAL RESULTSSUMMARY26TH FEBRUARY 20210MEWAH INTERNATIONALINC.
Cash FlowStatementBalance SheetIncomeStatementPerformanceSummaryCONTENTS1
FY 2020PERFORMANCESUMMARY2
PERFORMANCE SUMMARYNET PROFIT*In US million86.511.6FY 2019FY 2020* Profit after tax attributable to equity holders of the Company3
CPO PRICES vs OM PER MTCPO Prices - US 1,0002020— CPO Prices (USD)— CPO Prices (MYR)--- Operating Margin 01,6003.7%2001,20049.9100-2,000CPO Prices - Ringgit Malaysia201980040023.1FY2019FY20204
FY 2020INCOMESTATEMENT5
FY 2020 INCOME STATEMENTIn US million, unless stated otherwiseFY 2020FY 322.3%49.923.1116.0%Operating margin ("OM")240.5105.4128.3%Operating margin (%)7.0%3.7%89.2%Sales volume (MT'000)Average selling price ("ASP") per MT (US )RevenueOM per MT (US )% changeOther .1%(8.8)(15.1)-41.6%Finance costsProfit before tax112.53.13503.5%Income rolling interestNet profit ** Profit after tax attributable to equity holders of the Company6
SEGMENTAL PERFORMANCEFY 2020BULKFY 2020Sales Volume (MT’000)Average Selling Price per MT (US )Revenue (US ’million)Operating Margin per MT (US )Operating Margin (US ’million)FY 2019CONSUMER PACKChangeFY 2020FY 2%59.734.0%80.07
SALES VOLUME & REVENUEFY 2020In US million, unless stated otherwiseTotal2,817.3 5.6% 15.8%3,445.9Sales Volume (MT’000)Average Selling Priceper MT (US ) 22.3%FY 2019VolumeASP per MTRevenueFY 2020FY 92,817.322.3%FY 20208
SEGMENTAL SALES VOLUME & REVENUEFY 2020In US million, unless stated otherwiseBULK1,991.5 10.7%CONSUMER PACK 20.1%2,647.3825.8-10.4% 32.9%FY 2019VolumeBulkSales Volume (MT’000)Average Selling Priceper MT (US )Revenue 7.9%798.5-3.3%ASP per MTFY 2019FY 2020Change%VolumeFY 2020Change%FY 2020FY 2019Sales Volume (MT’000)995.91,111.4-10.4%20.1%Average Selling Priceper MT (US )801.8743.07.9%32.9%Revenue798.5825.8-3.3%FY 2020FY sumer PackASP per MT9
GEOGRAPHICAL SPREAD - REVENUETOTALFY 2020Rest of Asia,24%FY 2019Europe, 4% Americas, 2%Pacific Oceania, 2%Middle East,10%Middle East,6%Africa, 10%Rest of Asia,17%Malaysia/Singapore, 52%Europe, 8% Americas, 2%Pacific Oceania, 2%Malaysia/Singapore, 51%Africa, 10%Based on Billing address of the customer10
GEOGRAPHICAL SPREAD - REVENUEBULKFY 2020Rest of Asia,25%FY 2019Europe, 2%Americas, 0.3%Pacific Oceania, 1%Rest of Asia,17%Europe, 7%Americas, 1%Pacific Oceania, 1%Middle East,7%Middle East,4%Africa, 3%Malaysia/Singapore, 65%Malaysia/Singapore, 67%Based on Billing address of the customer11
GEOGRAPHICAL SPREAD - REVENUEPACKFY 2020FY 2019Europe, 11%Europe, 8%Rest of Asia,19%Americas, 6%Pacific Oceania, 5%Rest of Asia,17%Pacific Oceania, 5%Malaysia/Singapore, 11%Malaysia/Singapore, 13%Middle East,13%Americas, 6%Middle East,16%Africa, 36%Africa, 34%Based on Billing address of the customer12
OPERATING MARGINFY 2020In US million, unless stated otherwiseTotal240.5105.4 5.6% 116.0%Sales Volume(MT’000)OperatingMargin per MT(US ) 128.3%FY 2019VolumeOM per MTFY 2020OperatingMarginFY 2020FY 5.4128.3%13
OPERATING MARGINFY 2020In US million, unless stated otherwiseBULK45.7 10.7%CONSUMER PACK 218.2%59.7160.5-10.4% 34.0% 251.2%FY 2019VolumeBulkSales Volume (MT’000)Operating Margin perMT (US )Operating Margin80.0 49.5%OM per MTFY 2020FY 2019VolumeOM per MTFY 2020FY 2020FY 2019Change%Sales Volume (MT’000)995.91,111.4-10.4%218.2%Operating Margin perMT (US )80.353.749.5%251.2%Operating Margin80.059.734.0%FY 2020FY sumer Pack14
FY 2020BALANCESHEET15
SOURCE & APPLICATION OF CAPITALIn US million31 Dec 8.5Investment31 Dec 2019861.6816.3Current net debt20.9%170.5Non-current net 96.2861.6Current net debt 36.2%311.9Non-current net .7%InvestmentCapital16
SOURCE & APPLICATION OF CAPITALIn US million31-Dec-20%31-Dec-19%ChangeLong-term investments448.554.9%465.454.0%-3.6%Working capital367.845.1%396.246.0%-7.2%Total investments816.3Equity610.3Gross debt284.2400.8-29.1%Cash78.261.826.5%Net debt (Gross debt less Cash)206.0Total 7%39.3%16.8%-39.2%-5.3%17
LIQUIDITYIn US millionCash & cash equivalentsTerm loan repayment scheduleGross debt andnet debt to equityFY 2018FY 20190.870.780.770.650.77Net debt, 206Gross debt, 284Net debt, 339Gross debt, 401Net debt, 402Net debt, 335FY 2017Gross debt, 451Non-current debtGross debt, 404Gross debt andnet debtCurrent debtFY 2020Gross debt to equityNet debt to equity0.650.47FY 202113.6FY 20228.9FY 20239.2FY 20248.1FY 20253.7After FY 20255.6Total49.1Trade finance facilities utilisationFacility*568.6Utilised*279.8Unutilised Facility (A)288.8Cash and Cash equivalents (B)78.2Total Liquidity (A) (B)367.049.2%0.34FY 2017FY 2018FY 2019FY 2020*Including BG/LC18
CYCLE TIME*Inventory days49FY 2017Trade receivable days5244FY 2018FY 2019343431FY 2020FY 2017Trade payable daysFY 2017FY 2018FY 2019(20)(17)FY 20183230FY 2019FY 2020Cycle timeFY 202060(18)27615948(16)(17)FY 2017FY 2018FY 2019FY 2020* Cycle time is calculated as Inventory days Trade receivable days - Trade payable days19
FY 2020CASH FLOWSTATEMENT20
CASH FLOW STATEMENTIn US millionFY 2020Operating cash flows before working capital changesFY 2019166.233.87.4105.7Net interest and income tax payment(12.5)(15.3)Net cash flows from operating activities161.2124.1Net cash flows used in financing activities(121.4)(62.6)Net cash flows used in investing activities(24.2)(48.1)Net change in cash and cash equivalents15.613.5Changes in operating assets and liabilities21
Thank youAny questions, contact:Rajesh Shroff, Chief Financial OfficerPh: (65) 6829 5255 mail: ir@mewahgroup.com22
FINANCIAL RESULTS SUMMARY MEWAH INTERNATIONAL INC. 26TH FEBRUARY 2021 0. CONTENTS Performance Summary Income Statement Balance Sheet Cash Flow Statement 1. FY 2020 PERFORMANCE SUMMARY 2. PERFORMANCE SUMMARY NET PROFIT* FY 2019 FY 2020 11.6 86.5 * Profi
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