apwc 2012 annual general meeting 2012 half year results

9
www.apwcc.com APWC 2012 Annual General Meeting 2012 Half Year Results October 5, 2012

Upload: darva

Post on 21-Jan-2016

34 views

Category:

Documents


0 download

DESCRIPTION

APWC 2012 Annual General Meeting 2012 Half Year Results. October 5, 2012. Revenue and GP Analysis. 20116/30 2012/6/30. In USD ‘000. G.P. ratios are derived by dividing individual country/segment G.P. against each country/segment revenue. Locations and Facilities. As of June 30, 2012. - PowerPoint PPT Presentation

TRANSCRIPT

Page 1: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com

APWC 2012 Annual General Meeting2012 Half Year Results

October 5, 2012

Page 2: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com2

Revenue and GP Analysis Revenue and GP Analysis

G.P. ratios are derived by dividing individual country/segment G.P. against each country/segment revenue

In USD ‘000 20116/30 2012/6/30

Thailand 100,593 37.2% 82,266 38.2% -18.2%

Australia 26,905 9.9% 29,029 13.5% 7.9%

Singapore 26,034 9.6% 26,948 12.5% 3.5%

China 88,574 32.7% 59,192 27.5% -33.2%TOTAL MANUFACTURE 242,106 89.5% 197,435 91.7% -18.5%

Distribution 15,604 5.8% 16,231 7.5% 4.0%

SDI 12,823 4.7% 1,628 0.8% -87.3%

TOTAL SALES 270,533 100.0% 215,294 100.0% -20.4%

GP

Thailand 12,482 12.4% 11,216 13.6% -10.1%

Australia 5,165 19.2% 6,037 20.8% 16.9%

Singapore 2,629 10.1% 2,593 9.6% -1.3%

China 7,328 8.3% 3,287 5.6% -55.1%TOTAL MANUFACTURE 27,604 11.4% 23,133 11.7% -16.2%

Distribution 1,716 11.0% 439 2.7% -74.4%

SDI 5 0.0% (822) -50.5.% -16540.0%

TOTAL GP 29,325 10.8% 22,750 10.6% -22.4%

Page 3: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com

THAILAND

AUSTRALIA

CHINA

SINGAPORE

Headquarters

372

828

149

77

14

27.5%

38.2%

13.5%

13.3%

Locations and FacilitiesLocations and Facilities

Others: Distributed products of 7.5% include Sigma Cable, SEI, Australia, and CTW.

TOTAL HEADCOUNT: 1,440

As of June 30, 2012

3

• Pacific Electric Wire & Cable (Shenzhen) Co., Ltd.• Shanghai Yayang Electric Co., Ltd.• Shandong Pacific Rubber Cable Co., Ltd.• Shandong HuaYu Fiber Optics Cable• CCH (Crown Century Holding) Hong Kong• Ningbo Pacific Wire Co., Ltd.

• Charoong Thai Wire & Cable Public Co., Ltd.• Siam Fiber Optics Co., Ltd.• Siam Pacific Electric Wire & Cable Co., Ltd.

• Australia Pacific Electric Cables Pty., Ltd.

• Sigma Cable Co., Pte Ltd.• Sigma-Epan International

Pte., Ltd.SDI project

engineering

Power cable

Distributed products

Fiber optic cable

Enameled wire

Employee headcount

% Revenue contribution (1H09)

Factories/op units

Electronic wire

Page 4: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com

Products and Services Rev. & GM Products and Services Rev. & GM

Revenue ($ millions) Gross Margin %

Products 2011/6/30 2012/6/30 2011/6/30 2012/6/30

Telecommunication Cable 32.3 9.0 21.4 35.0

Power Cable 95.0 104.2 13.2 13.8

Enameled Wire 114.8 84.2 7.1 6.7

Distributed Products 15.6 16.2 11.0 2.7

Electronic Cable - - - -

SDI Project Engineering Services 12.8 1.6 0.0 -50.5

4

Page 5: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com5

Summary Income StatementSummary Income Statement

(USD '000) 2010 (audited) 2011/6/30 2012/6/30

Total Sales $446,594 $270,533 (a) 215,294

Cost of Sales (389,571) (241,208) (192,544)

Gross Profit 57,023 29,325 (a) 22,750

Income from Operations 28,652 12,714 11,048

Income Before Taxes 31,832 12,051 12,422 (b)

Net Income (Loss) attributable to APWC

14,140 5,138 5,294

Basic and Diluted Income (Loss) per Share (USD)

$1.02 $0.37 0.38

a. Sales up to 2011/6/30 included SPFO revenue of 16.6 million, gross profit of 2.9 million.b. SP recognizes other income of Thai Baht 143.4 million (US$ 4,527K) from settlement of flood loss.

Page 6: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com6

Summary Balance SheetSummary Balance Sheet

As of (USD ‘000) 2011/12/31 2012/6/30

Cash and Cash Equivalents 76,672 54,227

Current Assets 288,697 319,444

Other Assets 48,592 50,497

TOTAL ASSETS 337,289 369,941

Bank Loans and Trust Receipts 52,813 47,140

Current Liabilities 117,741 131,347

Other Liabilities 4,859 17,930

TOTAL LIABILITIES 122,600 149,277

Total Shareholders’ Equity 214,689 220,664

TOTAL LIABS and SHS’ EQUITY 337,289 369,941

Net Book Value per Share 10.59 11.06

Page 7: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com

Summary Analyses (i)Summary Analyses (i)

• Gross Margin Ratio Erosion GM ratio down from 10.8% to 10.6%, a 1.9% decreased than that of last

year’s. Major reasons being:• Decrease in copper price by 14% year over year• Decrease in distributed product margin from 11.0% to 2.7%

• Decrease in SG&A expenses by 1.5 million (detail next slide)

7

Page 8: APWC 2012 Annual General Meeting 2012 Half Year Results

www.apwcc.com

Summary Analyses (ii)Summary Analyses (ii)

8

Detail SG&A Account AnalysisBalance as of 06/30/2011

16,976

(in US '000)Items Country/site Reason

Saving on SG&A expenses due to disposal of Shangdong Fiber Optic Cable

SPFO, China Savings on commissions, entertainment, transportation and others

(3,026)

Freight cost increase APEC, Australia Sales increase hence transportation increases 355

Flood damage Siam Pacific, Thailand

Additional flooding damages identified in 2012 749

Salaries NPC, ChinaAPEC, Australia

Headcount increase in NPC and APEC salary adjustment due to an overall 4% increase, sales commission increase, and a new hire of operational manager.

471

(1,451)

Balance as of 06/30/2012

15,525

Page 9: APWC 2012 Annual General Meeting 2012 Half Year Results

This Presentation of APWC was developed by the Company and CCG and is intended solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy the Company’s stock. This presentation is based upon information available to the public, as well as other information from sources which management believes to be reliable, but is not represented by APWC or CCG as being fully accurate nor does it purport to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice.