FY2023 RM1,408.3 million | FY2022 RM 1,514.8 million
400
200
-
Sales decline due to:
On the back of exceptional growth in year 2020 & 2021 and a marginal growth in FY2022;
Weaker demand for health & wellness products & home appliances.
Surge in inflationary pressure dampening consumer sentiment and spending ability; and
Consumer priorities shifting away from pandemic-specific health concerns.
Sales (RM' Million)
1,4861,515
1,408
+29%
1,153
966
+19%
+2%
-7%
2019
2020
2021
2022
2023
Sales
Growth Rate
35%
30%
25%
20%
15%
10%
5%
0%
-5%
-10%
Profit Before Tax (RM'mil)
10.80%
6.80%
152.6
103.1
FY2022
FY2023
Profit Margin (PBT/Sales)
Profit Before Tax (PBT)
The significantincrease in PBT (48.0%) is mainly attributableto:
Lower ABO incentives payout in tandem with lower sales; and
Price increase.
48.0% vs PY
+4.0% profitability
FY2023RM152.6 million | FY2022 RM103.1 million
70
60
50
40
sen
30
20
10
0
Dividend
107%
60.0
81% 84%
38.0
40
24.018
4
202020
FY2021
FY2022
FY2023
Interim Dividend
Special Dividend
Payout Ratio
Dividend Payout
Dividendpolicy:
Dividend payout ratio of no less than 80% of current year's net earnings
Dividendpayout 2023:
Totaldividend : 60.0sen (2022:38.0 sen)
Dividend payout: RM98.6mil (2022: RM62.5mil)
BUSINESS
HIGHLIGHTS
Last Year…
Post
Ongoing
Inflation, FX
Pandemic
Conflict
Impact, Petrol
Impact to Direct Selling Industry?
In Globe
SALES VS PRIOR YEAR
Amway
(1.4%)
Peer Set Mean
(9.3%)
Herbalife
(3.4%)
NuSkin*
(14.0%)
D I R E C T
Natura*
2.0%
S E L L I N G
Medifast
(25.9%)
P E E R S E T
Oriflame
(9.0%)
USANA
(5.2%)
Q2 2023 (YTD)
2022
2023 Constant Dollar
In Malaysia
-10% to -60% Decline
Projected for some Malaysian
Direct Selling Companies
*Includes non-direct selling businesses
Amway Malaysia's Growth Journey: After Exponential Growth
+29%
+2%
Decline
7%
Unit: M RM
+19%
1,485
1,515
1,408
1,154
966
FY19
FY20
FY21
FY22
FY23
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Disclaimer
Amway (M) Holdings Bhd published this content on
29 February 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
04 March 2024 04:14:07 UTC.
Amway (Malaysia) Holdings Berhad is a Malaysia-based investment holding company, which is engaged in the distribution of consumer products under the Amway trademark. The Company's product range includes health supplements and energy products to skincare, personal care, and durables. The Company is engaged in the direct selling of consumer products, primarily under the Amway trademark. The Company's product range includes health supplements and energy products to skincare, personal care, and durables. The Company manufactures and distributes approximately 450 consumer products. The Company has approximately 20 stores nationwide. The Company's brands include Nutrilite vitamin, mineral and dietary supplements; XS sports nutrition; ARTISTRY skincare products and color cosmetics; the eSpring water treatment system; G&H; Bodykey by Nutrilite; GLISTER; SATINIQUE; the L.O.C household cleaning products. Amway (Malaysia) Sdn. Bhd. is a subsidiary of the Company.
AMWAY (MALAYSIA) HOLDINGS 
