rgb fy2 15 · pdf filethis presentation contains forward-looking statements (including,...
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RGB fy2 15CO P RA E REVIE
This presentation contains forward-looking statements (including, without limitation, statementsregarding the enhancement of shareholder value, and information and future guidance on our goals,priorities, orders, revenues, demand, growth opportunities, customer service and innovation plans,new product introductions, financial condition, earnings, liquidity, capital structure, operatingperformance, cost structure, cyclicality, the continued strengths and expected growth of the marketswe sell into, operations, operating earnings, balance sheet models and our ability to be free cash flowpositive under any normal economic environment) that involve risks and uncertainties that couldcause results of RGB to differ materially from management's current expectations. Factors that couldcause demand to be different from RGB’s expectations include customer acceptance of RGB andcompetitors’ products; changes in customer order patterns, including order cancellations; changes inthe level of inventory at customers; and changes in business and economic conditions and the timingof award exercises by employees. RGB’s results could be impacted by unexpected economic, social,political and physical/infrastructure conditions in the countries in which RGB, its customers or itssuppliers operate, including military conflict and other security risks, natural disasters, infrastructuredisruptions, health concerns and fluctuations in currency exchange rates.
Safe Harbor Statement
2
Content
Page
Financial Overview 4
Business Segment Updates 7
ESOS and Shareholders Statistical Report 11
Year 2016 Outlook 14
3
4
Financial Overview
FY2015 Financial Overview
5
2015RM’mil
2014RM’mil
2013RM’mil
2012RM’mil
2011RM’mil
2010RM’mil
2009RM’mil
2008RM’mil
2007RM’mil
Revenue 233 215 140 187 118 159 170 228 276
Profit/(Loss) Before Tax 25 20 6 6 (33) (60) (65) (3) 40
EBITDA 62 55 49 52 41 31 23 82 89
Net Profit/(Loss) 21 18 6 6 (33) (59) (65) (4) 39
Cash and Bank Balances 75 45 27 26 27 16 22 31 35
Property, Plant & Equipment 119 108 115 108 122 176 280 237 204
Total Assets 302 268 217 231 251 308 444 410 404
Total Borrowing 36 67 74 90 107 128 147 153 141
Shareholders’ Equity 175 105 75 60 59 86 140 178 177
Performance highlight§ During the financial year under review, the Group has achieved double digit improvement for both Net Profit (+17%) and
Shareholders’ Equity (+67%) Y-O-Y basis§ The management is confident to achieve better performance and yield from both SSM and TSM division in Year 2016
Dividends§ The Board of Directors has approved an interim single-tier dividend of 0.25 sen per ordinary shares for FY2015. The entitlement
date is fixed on 31 Mar 2016 and payment will be made on 15 April 2016§ The Board has further proposed a final single-tier dividend of 0.25 sen per ordinary shares for the FY 2015. The said proposal is
subject to Shareholders’ approval at the forthcoming Annual General Meeting
Borrowing - CP/MTN§ As at 31 Dec 2015, outstanding CP and MTN is RM16.7mil (7% interest pa) and RM10.0mil (5% interest pa) respectively§ The Group will redeem the entire RM17.5mil CP by 14 March 2016 via its internally generated funds
FY2015 Financial Overview
* EBITDA = Earnings before interest, tax, depreciation and amortization6
FY201512 mthsRM’000
FY201412 mthsRM’000
Change%
Revenue 233,006 214,646 +9%EBITDA* 62,323 55,081 +13%Profit After Tax 21,289 18,156 +17%Unrealized Forex (Loss)/Gain (trade) (64) 535 -112%Unrealized Forex Loss (non-trade) (2,832) (3,295) -14%Realized Forex Loss (1,137) (410) +177%Shareholders’ Equity 175,253 104,708 +67%
Earnings Per Share (sen) 1.7 1.6 +4%Net Asset Per Share (sen) 13 9 +44%Current Ratio 2.0 1.4 +43%Net Gearing Ratio 0 0.2 -100%PE Ratio 10.5 9.1 +15%
Business Segment Updates
7
FY2015 Segmental PerformanceFY2015 Group Revenue and PBT is approximately RM18.4mil (9%) and RM5.4mil (27%) higher than FY2014, reasonsbeing :
Notes:Others: consist of revenue from leasing of Chateau
Building, manufacturing activities, research &development activities, inter-segment transactionand unallocated expenses 8
SSMRevenue +2%EBITDA +13%PBT +15%
• Sales of different product mix with better profit margin
• Favourable impact from foreign exchange rates
TSMRevenue +22%EBITDA +19%PBT +34%
• Better TSM performance across all regions
• Additional revenue contribution from new outlets
• Favourable impact from foreign exchange rates
2015 Revenue
2015 PBT
(20)
-
20
40
60
80
100
120
140
160
SSMRM'mil
TSMRM'mil
OthersRM'mil
FY'15 Rev 145 87 1FY'14 Rev 143 71 1FY'15 PBT 17 23 (15)FY'14 PBT 14 17 (12)
RM'mil
SSM, 42%
TSM, 58%
SSM, 63%
TSM, 37%
FY2015 SSM Revenue and PBT increased by RM2.4mil (2%) and RM2.2mil (15%) respectively as compared to FY2014.This is mainly due to sales of mixture of slot machines and casino related equipment with better profit margin, andfavourable impact from foreign exchange rate.
FY2015 SSM Performance Review
Country
SSM Revenue by Location / ProductFY2015RM’mil
FY2014RM’mil
Variance%
Philippines 109 129 -15%
Indochina 23 10 +142%
Malaysia 12 2 +393%
Singapore 1 2 -59%
Others 0 0 -53%
Total 145 143 +2%
Slot Machines 107 104 +3%
Casino Equipment 38 39 -3%
Total SSM Revenue 145 143 +2%
9
Country
Machines Sold by LocationFY2015
UnitsFY2014
UnitsDiff
%
Philippines 950 1,340 -29%
Indochina 190 70 +171%
Malaysia 80 20 +300%
Singapore 10 20 -50%
Total Qty Sold 1,230 1,450 -15%
New 240 (20%)
570(39%)
-58%
Replacement 990(80%)
880(61%)
+12%
Total Qty Sold 1,230 1,450 -15%
FY2015 TSM Performance Review
No. of Machines placed (units) TSM RevenueFY2015
37 Outlets
FY201437
OutletsChanges
%
FY201512 mthsRM’mil
FY201412 mthsRM’mil
FY2015 vs FY2014
%
Philippines ^ 2,740 2,830 -3% 48 41 +17%
Indochina 3,570 3,540 +1% 35 30 +17%
Others 150 - +100% 4 0 +7900%
Total 6,460 6,370 +1% 87 71 +22%
^ As at FY2015, there was 450 (2014: 420) Bingo machines operated over 29 (2014: 20) outlets in Philippines, generatingapproximately USD0.2mil (2014 : USD0.1mil) net revenue
10
FY2015 TSM Revenue and PBT is improved by RM15.9mil (22%) and RM5.9mil (34%) respectively as compared toFY2014. This is mainly due to:• Better TSM performance at existing outlets across all regions and additional income from new outlets• Favourable impact from foreign exchange rates• Cessation of Macau concessions in 1H2014
ESOS & Shareholders Statistical Report
11
ESOS as at 29 February 2016
12
Total Senior Management
Non-Senior Management
No of sharesmillion
No of sharesmillion
No of sharesmillion
Granted 102 66 36
Lapsed (17) (6) (11)
Exercised (43) (35) (8)
Unexercised ESOS as at 29 Feb 2016 42 25 17
Balance of Unallocated ESOS 46 18 28
Shareholders Statistical Report as at 29 February 2016
Shareholders Statistical Report
13
Number of Shares (million) % Holding
Malaysian Foreign Total Malaysian Foreign Total
Individual 878 19 897 67% 1% 68%
Financial Institution 3 - 3 0% 0% 0%
Other Corporate Body 144 0 144 11% 0% 11%
Nominees 256 11 267 20% 1% 21%
Total 1,281 30 1,311 98% 2% 100%
YEAR 2016 Outlook
14
2016 Outlook
15
2016 Positive Outlook
SSM has successfully awarded exclusive
Aristocrat distributorship in Laos and Goa (new market)
SSM will be launching new products to
Vietnam and Singapore Local Clubs in April 2016
SSM will introduce new table games products in
2Q16Early redemption of the entire RM17.35mil
Commercial Paper by mid March 2016 via internal generated
funds, resulting RM0.64mil Interest
saving
TSM - Placement of new machines of
approximately USD3.2mil at existing
outlets (for expansion and upgrade purposes) to improve the overall
TSM yield
New TSM concession at Royce Casino,
Philippines, in Jan 2016. Additional concessions
in Nepal is in the pipeline and we will explore more TSM
opportunities in Goa and Vietnam
Year 2016 Product Distributorship
16
SLOT MACHINES & PARTS CASINO EQUIPMENT & PARTS
17
THANK YOU
For information, please contact RGB International Bhd. at Telephone: +604-2631111 | Email: [email protected]