2 Key Slides Jardine Cycle & Carriage Ltd Investors Should See

Jardine Cycle & Carriage Ltd (SGX: CC3) is the one of the 30 stocks that make up the Straits Times Index (SGX: ^STI).

The conglomerate has diverse businesses, with segments such as automotive, financial services, heavy equipment and mining, agribusiness, information technology, and infrastructure, logistics and others.

Jardine C&C shared its mid-year presentation to analysts on Monday. Here’re two key slides that investors shouldn’t miss:

Jardine C&C, simplified

Jardine C&C had one slide which gave an overview of its many interests.

2016-09-06 Jardine C&C

Source: Jardine C&C’s earnings presentation

Jardine C&C’s business was broadly divided into three camps: the firm’s 50.1% ownership of PT Astra , Direct Motor Interests and other interests. In turn, PT Astra owns a bevy of businesses, ranging from agri-business to financial services to automotive distribution. The other portion includes Jardine C&C’s 24.9% stake in Siam Cement.  

… but it’s still the PT Astra show

As you can observe from the chart below, Astra dominates in terms of underlying profit.

2016-09-06 Jardine C&C Profit

Source: Singtel’s earnings presentation

As Astra goes, so does Jardine C&C at the moment. As Astra’s underlying profit contribution declined in 2013, so did Jardine C&C’s profit. For the first half of 2016, Astra contributed 75% of Jardine C&C’s underlying profit. This is a decline from the figure of 80% a year ago.   

The two slides above gives investors a sense of what Jardine C&C’s business looks like, and how it might change in the future.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.