Serba Dinamik Annual Report 2019

72 2019 ANNUAL REPORT MANAGEMENT DISCUSSION & ANALYSIS SERBA DINAMIK HOLDINGS BERHAD 5-YEAR PERFORMANCE REVIEW The Group delivered another strong financial performance FYE2019 with significant increase in revenue of RM4.53 billion as compared to RM3.28 billion for FYE2018. The Group’s revenue shows Year-on-Year (“YoY”) growth of 37.93%and5-yearCumulativeAnnualGrowthRate(“CAGR”) of 34.04% from FYE2015 to FYE2019. Increase in tendering activities and continuous success in securing renewal of existing contracts both locally and oversea are the main driver for the revenue’s growth. Operation and maintenance (“O&M”) segment have contributed the highest revenue of 86.01% from the total Group’s revenue while Engineering, Procurement, Construction & Commissioning (“EPCC”) segment contribute 11.24% through our asset ownership business model and the remaining contributed by other supporting products & services segment. In FYE2019 also shows new geographical present in country such as Uzbekistan & Laos. The Group made amarked improvement in gross profit from operations from RM582.32 million in FYE2018 to RM810.83 million in FYE2019 shows YoY growth of 39.24% which in line with the YoY revenue growth of 37.93%. Our gross profit margin also improved registered at 17.90% as compared to 17.74% last year. On CAGR basis from FYE2015 to FYE2019 the gross profit recorded increase of 36.66%. About 87.68% of the gross profit contributed by our O&M segment for the year while the EPCC segment and other supporting products & services segment provided 9.59% and 2.73% of the gross profit for the year respectively. The Group turned in another set of high earnings with profit before tax (“PBT”) and profit after tax (“PAT”) for FYE2019 both grew by 35.93% and 33.55% on a 5-year CAGR basis respectively. Our YoY profit before tax increased by RM107.20 million or 24.50% from RM437.63 million in FYE2018 to RM544.83 million in FYE2019. Similarly, profit after tax grew RM105.14 million or 26.76% from RM392.84 million in FYE2018 to RM497.98 million in FYE2019. The growth of PBT and PAT was lower than the revenue growth of 37.93% as a result of higher finance cost incurred which translated to reduce PBT and PAT margins of 12.03% and 11.00%, as compare to 13.33% and 11.97% PBT and PAT margins achieved in FYE2018. F I N A N C I A L P E R F O R M A N C E RM Millions 2019 2018 2015 2016 2017 Gross Profit 810.83 483.93 232.46 373.72 582.32 RM Billions 2019 2018 2015 2016 2017 Revenue 4.53 2.72 1.40 2.17 3.28 RM Millions 2019 2018 2015 2016 2017 Profit Before / After Tax 159.57 156.56 267.93 245.81 346.07 304.79 544.83 497.98 PBT PAT Margin PAT 437.63 392.84 11.00% 11.97% 11.20% 11.34% 11.16%