2q2007 results announcement - listed...
TRANSCRIPT
12Q2007 RESULTS ANNOUNCEMENT
3 AUGUST 2007
2
AGENDA
5:00 pm Arrival & Registration
5.15 pm Commencement of MeetingDistribution of Results Announcement
5.20 pm Results Presentation
5.45 pm Q&A
6.15 pm Refreshments
3
Summary of Financial Results
Overall Performance
Outlook
SCOPE OF BRIEFING
4
SUMMARY FINANCIAL RESULTS
5
S$ ’m 1H 2007 1H 2006 % 2Q 2007 2Q 2006 %
Revenue 1,973.6 1,484.5 32.9 1,004.7 750.6 33.8
Profit before Tax 147.7 104.4 41.5 79.1 55.5 42.6
Tax 2.8 (1.4) 0.2 (2.2)
Net Profit 150.4 103.0 46.1 79.3 53.3 48.9
Net Margin (%) 7.6 6.9 7.9 7.1
PATMI 149.4 101.9 46.6 78.7 52.6 49.6
SUMMARY OF FINANCIAL RESULTS
* include Forex
Key Income Statement Items
6
S$ ‘m As at 30 June 2007 As at 31 Dec 2006
Cash & Bank Balances 324.6 329.0
Trade Receivables 636.4 624.1
Other Receivables & Prepayments 50.7 44.8
Inventories 607.9 581.4
Trade Payables (431.8) (445.1)
Total Investments 268.1 282.0
Intangibles Assets 164.3 174.2
Goodwill 630.4 630.4
Total Loans (602.0) (631.2)
Shareholders’ Equity 1,803.1 1,759.0
SUMMARY OF FINANCIAL RESULTS
Key Balance Sheet Items
7
Key Financial Ratios 1H 2007 1H 2006 2Q 2007 2Q 2006
EBITDA (S$ ‘m) 180.3 109.2 94.5 58.0
EPS (fully diluted basis – cents) 54.7 37.6 25.9 18.2
ROE (annualised - %) 16.8 12.4 n.a. n.a.
Net Asset Value per share (cents) 658.0 601.5 n.a. n.a.
SUMMARY OF FINANCIAL RESULTS
8
OVERALL PERFORMANCE
9
734751 799 841
969 1,005
0
200
400
600
800
1,000
1,200
1Q06 2Q06 3Q06 4Q06 1Q07 2Q07
S$m
SOLID REVENUE GROWTH
Consecutive six quarters of revenue expansion culminating in highest ever revenue exceeding S$1b for 2Q07
10
366,039
323,643
597,692
299,784
386,397
1,484,454
1,973,555
0
500,000
1,000,000
1,500,000
2,000,000
REVENUE GROWTH
Healthy revenue growth of 33%Healthy revenue growth of 33%
1H06 1H07
33%S$’000
Retail Store Solutions /Industrial Products
PC Peripherals & Data Storage
Networking & Communications
Printing & Imaging
Test & Measurement /Medical / Others
1H07
11
REVENUE CONTRIBUTION
PRODUCT CATEGORIES
NO. OFCUSTOMERS
PRODUCTS
Retail Store Solutions / Industrial Products
42 POS products, electronic payment terminals, PIN pads & systems, secure financial transaction products, money counting/dispensing machines, protection relay for power transmission, industrial controllers, industrial lasers
Test & Measurement / Medical / Others
43 signal & source analysers, electronic test & measurement equipment, industrial x-ray machines, oscilloscopes & meters, digital receivers for wireless network, defibrillators, life science analytical equipment.
Printing & Imaging
13
state-of-the-art mobile printers & multi-functional printers, large- format printers, industrial printers which includes thermal bar code & receipt printers & label printers
Networking & Communications
20 host bus adapters (HBA), transponders, transceivers, switches, wireless sensor network, microwave components and multiplexers
PC Peripherals & Data Storage
13 ultra mobile PC, data terminals, storage blades, storage archival systems, storage products
12
49.7 53.359.5
78.471.1
79.3
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
1Q06 2Q06 3Q06 4Q06 1Q07 2Q07
S$m
HEALTHY PROFITABILITY
Record quarterly earnings of S$79.3mRecord quarterly earnings of S$79.3m
13
50.1 53.3
79.3
95.0 103.0
150.4
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2Q05 2Q06 2Q07 1H05 1H06 1H07
PROFIT CONTRIBUTION
S$m
New High Margin Products More ODM ProductsHigh Throughput of High Mix Products
Improvement in ProductivityEffective Cost Management Good Supply Chain Management
14
6.47.1
7.9
6.26.9
7.6
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2Q05 2Q06 2Q07 1H05 1H06 1H07
NET PROFIT MARGIN
%
15
DIVIDEND
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DIVIDEND
Name of Dividend One-time special interimDividend Type Cash
Dividend Amount per share 8 cents
Tax Rate 18%
Ex-dividend Date ]
Book Closure Date ] To be announced at a later date
Payment Date ]
The Company declared a one-time special interim dividend to utilise the dividend franking credit in
the Company’s Section 44 account
17
OUTLOOK
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LONG-TERM DIRECTION
A leading player in the ESP business:-
dominance in selected technology areas
leadership in high mix, highly diversified manufacturing environment
innovative business models
sustained operational excellence
strong core values
19
OUTLOOK FOR THE NEXT 12 MONTHS
Industry Challenges & OpportunitiesGlobalisationIntense competitionDynamic changesConsolidationFurther outsourcing by OEM Growth potential within supply chain related operations
Whilst the overall business landscape remains competitive, the Group has a well mapped out strategy to propel the Group forward. With the
Group’s broad range of competencies and capabilities, we are now well positioned to become a world leading ESP company with excellence in selected domain technology
20
2Q2007 RESULTS ANNOUNCEMENT Q&A
21
THANK YOU
22
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Group to differ materially from any future results, performance or achievements expressed or implied by those projected in the forward-looking statements. Consequently, readers are cautioned not to place undue reliance on any forward- looking statements.