PDF Report issued on the 12/06/2015

SIME DARBY BERHAD

Company Profile

BURSA MALAYSIA / SIME / MYL4197OO009

Business Summary

Sector

Sime Darby Bhd. operates as an investment holding company, which engages in the management and operation of different
conglomerate.
It operates through the following divisions: Plantation, Property, Industrial, Motors, Energy and Utilities, and Other Businesses.

>> Industrial Conglomerates

Income Statement Evolution

The Plantation division grows, harvests, and processes oil palms in its own mills and refineries.
The Property division focuses on developing sustainable communities.
The Industrial Equipment division offers a list of heavy equipment and services from sales of new machines, engines, or used
equipment for rental.
The Motor division handles the importation, assembly, distribution, and retail of vehicles.
The Energy and Utilities division offers engineering and technical services, trading services, power, ports and logistics, and
water management.
The company was founded by William Middleton Sime, John Middleton Sime, Henry d'Esterre Darby and Herbert Mitford
Darby in 1910 and is headquartered in Kuala Lumpur, Malaysia.
Number of employees : 103 507 persons.

Sales per Businesses

2013
MYR (in Million)

2014
%

MYR (in Million)

EPS - Rate of surprise

Delta

Motors

17,266

36.9%

17,745

40.4%

+2.7%

Industrial

14,059

30%

11,665

26.6%

-20.52%

Plantations

11,672

24.9%

10,954

24.9%

-6.56%

Property

2,367

5.1%

2,792

6.4%

+15.23%

Energy and Utilities

1,378

2.9%

676.60

1.5%

-103.69%

Others

70.90

0.2%

75.80

0.2%

+6.46%

Corporate and Eliminations

Sales per Regions

2013
MYR (in Million)

2014
%

MYR (in Million)

Delta

Malaysia

13,822

29.5%

13,835

31.5%

+0.1%

Australasia

12,093

25.8%

9,539

21.7%

-26.77%

China

9,525

20.3%

10,105

23%

+5.74%

Singapore

4,529

9.7%

3,939

9%

-14.96%

Indonesia

2,436

5.2%

2,470

5.6%

+1.37%

Rest of South East Asia

2,297

4.9%

1,969

4.5%

-16.68%

Europe

1,455

3.1%

1,416

3.2%

-2.74%

655.80

1.4%

634.60

1.4%

-3.34%

Other Countries

Upcoming events on SIME DARBY BERHAD

08/27/15
11/27/15

FY 2015 Earnings Release (Projected)

Q1 2016 Earnings Release (Projected)

Managers
Name

Age

Since

Mohammed
Bakke bin Salleh

61

Abdul Ghani
Othman

68

2013

Independent Non-Executive
Chairman

Abdul Wahab bin

Maskan

64

2008

Group COO & Managing

Director-Property Division

Poh Keow Tong

60

2008

Group Chief Financial Officer

Samsudin bin
Osman

67

2008

Non-Independent NonExecutive Director

Q3 2015 Earnings Release

04/21/15

ex-dividend day for interim dividend

02/25/15

Interim 2015 Earnings Release

12/08/14

ex-dividend day for final dividend

President, Group CEO &

Executive Director

Shareholders

Past events on SIME DARBY BERHAD

05/22/15

Title

Name

Shares

Permodalan Nasional Bhd.

2,147,483,647

34.6%

Employees Provident Fund

837,616,430

13.5%

Bumiputra Investment Foundation

482,643,654

7.77%

Kumpulan Wang Persaraan

184,474,561

2.97%

Public Mutual Bhd.

118,675,334

1.91%

Company contact info

19 Floor, Wisma Sime Darby
Jalan Raja Laut
Kuala Lumpur, Wilayah Perseketuan (Federal Territory) 50350
Phone : +60.3.2691.4122
Fax : +60.3.2698.7398
Web : www.simedarby.com

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Page 1 of 4

PDF Report issued on the 12/06/2015

SIME DARBY BERHAD

Financials and Forecast

BURSA MALAYSIA / SIME / MYL4197OO009

Income Statement Evolution : Past and Forecast

Financial Ratios
Size

2015e

2016e

Capitalization

53 105 M MYR

Entreprise Value (EV)

58 591 M MYR

58 762 M MYR

Valuation

2015e

2016e

PER (Price / EPS)

22,2x

18,2x

Capitalization / Revenue

1,21x

1,13x

EV / Revenue

1,34x

1,25x

EV / EBITDA

12,6x

10,6x

3,04%

3,49%

1,74x

1,68x

Yield (DPS / Price)

Price to book (Price / BVPS)
Profitability

2015e

Operating Margin (EBIT / Sales)

7,99% 9,04%
#

operating Leverage (Delta EBIT / Delta Sales)

Annual Income Statement Data : Past and Forecast

Actuals in M MYR
Fiscal Period June
Sales

2012

2013

Estimates in M MYR
2014

2015

2016

2017

47 602

46 771

43 908

43 845

46 883

49 053

Operating income (EBITDA)

6 973

5 911

5 367

4 639

5 519

6 051

Operating profit (EBIT)

5 813

4 641

4 119

3 505

4 240

4 588

Pre-Tax Profit (EBT)

5 721

4 462

3 965

3 064

3 930

4 500

Net income

4 150

3 701

3 353

2 368

2 917

3 378

EPS (cts MYR)

69,1

61,6

55,6

38,5

46,9

55,1

Dividend per Share (cts MYR)

35,0

34,0

36,0

26,0

29,9

32,4

4,09%

3,98%

4,21%

3,04%

3,49%

3,78%

Yield
Announcement Date

08/29/2012
12:24am

08/30/2013
09:26am

08/29/2014
04:01am

2016e

3,03x

Net Margin (Net Profit / Revenue)

5,40% 6,22%

ROA (Net Profit / Asset)

4,48% 5,33%

ROE (Net Profit / Equities)

7,75% 9,36%

Rate of Dividend

67,6% 63,6%

Balance Sheet Analysis

2015e

2016e

CAPEX / Sales

8,09%

4,42%

Cash Flow / Sales (Taux d'autofinancement)

7,17%

8,30%

Capital Intensity (Assets / Sales)

1,20x

1,17x

Financial Leverage (Net Debt / EBITDA)

1,18x

1,02x

Revenue Revisions

Finances - Leverage : Past and Forecast

EPS Revisions

Disclaimer : 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered
investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities,
transaction or investment strategy is suitable for any specific person.

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Page 2 of 4

PDF Report issued on the 12/06/2015

SIME DARBY BERHAD

Analysts' Consensus

BURSA MALAYSIA / SIME / MYL4197OO009

Evolution of the average consensus target price

Consensus

Sell

Mean consensus

Buy
HOLD

Number of Analysts

20

Average target price

9,04 MYR

Last Close Price

8,55 MYR

Spread / Highest target

24%

Spread / Average Target

5,8%

Spread / Lowest Target

-11%

Consensus detail

Target Price consensus revisions : last 18 months

Consensus revision (last 18 months)

Disclaimer : 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered
investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities,
transaction or investment strategy is suitable for any specific person.

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PDF Report issued on the 12/06/2015

SIME DARBY BERHAD

Sector and Competitors

BURSA MALAYSIA / SIME / MYL4197OO009

Chart Sector

Subsector Industrial Conglomerates

1st jan.

Capitalisation (M$)

Growth (Revenue)

Profitability

9.34%

277 189

-3.21%

101 406

SIEMENS AG

1.90%

94 598

HONEYWELL INTERNATIONAL INC..

4.85%

82 001

E I DU PONT DE NEMOURS AND ..

-5.75%

63 149

MITSUBISHI CORP

27.35%

36 986

ILLINOIS TOOL WORKS INC.

-0.12%

34 868

HITACHI, LTD.

-6.28%

32 824

MITSUBISHI ELECTRIC CORPORA..

17.18%

29 198

-20.06%

22 615

16.37%

21 083

--.--%

18 615

-15.88%

15 149

0.96%

12 813

--.--%

10 490

-5.28%

10 378

-10.40%

9 726

WARTSILA OYJ ABP

10.37%

9 145

KAWASAKI HEAVY INDUSTRIES L..

11.96%

8 336

ORKLA ASA

20.67%

8 035

3M CO

INDUSTRIES QATAR Q.S.C.

MITSUBISHI HEAVY INDUSTRIES..
THE SIAM CEMENT PCL
TOSHIBA CORP
TORAY INDUSTRIES INC
AYALA CORPORATION
ALFA SAB DE CV
GRUPO CARSO S.A. DE C.V.

Best Growth (Revenue) : Mitsubishi Corp

Best Profitability : Industries Qatar Q.S.C.
Best Situation Fi. : Industries Qatar Q.S.C.
Best EPS revision 4m. : Mitsubishi Electric Cor
Best Valuation : Mitsubishi Corp
Best Investor Rating : Mitsubishi Electric Cor

Valuation

PER

EPS revision 4m.

14 157

SIME DARBY BERHAD

GENERAL ELECTRIC COMPANY

Finances

Worst Growth (Revenue) : Industries Qatar Q.S.C.

Worst Profitability : Alfa SAB de CV
Worst Situation Fi. : Ayala Corporation
Worst EPS revision 4m. : General Electric Compan
Worst Valuation : Industries Qatar Q.S.C.
Worst Investor Rating : General Electric Compan

Disclaimer : 4-traders.com is a website published by SURPERFORMANCE SAS. Surperformance or 4-traders.com is not a registered broker-dealer nor a registered
investment adviser. You understand that this web site and its content is furnished for your personal, noncommercial, informational purposes only, and that no mention
of a particular security in this website constitutes a recommendation to buy, sell, or hold any other security, nor that any particular security, portfolio of securities,
transaction or investment strategy is suitable for any specific person.

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Page 4 of 4