1q 2015 financial results announcement - singapore exchangeasia pacific 62.41 72.9 europe 22.10 25.8...
TRANSCRIPT
1Q 2015
Financial Results Announcement
27 April 2015
• Dynamic International Corporation with diversified business:
• Global Player with 8 Sales Offices, 4 R&D Centres and over 2,000 employees worldwide
• State-of-the-Art Electronics and LED Lighting Manufacturing facilities
• Quality Assurance – TL9000, TS16949, ISO9001, ISO14001
• Food Safety – ISO22000, HACCP SS444, SS590
Group Profile
2
1Q 2015 vs 1Q 2014 Financials
3
(S$’m)
100
60
20
0
40
80
1Q 2014
$85.6m
1Q 2015
$85.6m
(S$’m)
0
1
2
1Q 2014
$1.2m
1Q 2015
$1.7m
Turnover Net Profit
1Q 2015 vs 4Q 2014 Financials
4
(S$’m)
100
60
20
0
40
80
4Q 2014
$77.3m
1Q 2015
$85.6m
(S$’m)
0
1
2
4Q 2014 1Q 2015
$0.3m
Turnover Net Profit
$1.2m
5
S$’m 1Q 2015 1Q 2014 % change
Turnover 85.59 85.58 -
Gross Profit 7.85 8.51 (7.8)
Gross Profit Margin 9.2% 9.9% (0.7)
Net Profit After Tax 1.22 1.68 (27.5)
Net Profit Margin 1.4% 2.0% (0.6)
EBITDA 4.48 4.03 11.1
Financial Highlights
1Q 2015 vs 1Q 2014
6
S$’m 1Q 2015 4Q 2014 % change
Turnover 85.59 77.34 10.7
Gross Profit 7.85 8.42 (6.8)
Gross Profit Margin 9.2% 10.9% (1.7)
Net Profit After Tax 1.22 0.28 335.0
Net Profit Margin 1.4% 0.4% 1.0
EBITDA 4.48 3.50 28.0
Financial Highlights
1Q 2015 vs 4Q 2014
7
S$’m 31 Mar 2015 31 Dec 2014 % change
Current Assets 158.88 143.01 11.1
>> including Cash & Bank
Balance 29.02 20.48 41.7
Current Liabilities 132.68 119.18 11.2
Net Working Capital 26.30 23.83 10.4
Non-Current Assets 77.27 76.90 0.5
Non-Current Liabilities 15.10 14.33 5.3
Total Assets 236.14 219.91 7.4
Total Liabilities 147.68 133.52 10.6
Shareholders’ Equity 88.47 86.40 2.4
Balance Sheet Summary
8
Key Indicators
31 Mar 2015 31 Dec 2014 change
Debtors (S$’m) 66.33 61.12 8.5%
Debtor Turnover (Days) 67 58 9 Days
Creditors (S$’m) 63.07 54.21 16.4%
Creditor Turnover (Days) 80 58 22 Days
Inventory (S$’m) 52.76 48.37 9.1%
Inventory Turnover (Days) 69 59 10 Days
Capital Expenditure (S$’m) 3.91 17.01 (77.0%)
Current Ratio (x) 1.20 1.20 -
Quick Ratio (x) 0.80 0.80 -
Gearing Ratio (x) 0.53 0.57 (7.0%)
9
Operating Cash Flow Summary
n.m. - not meaningful
S$’m 1Q 2015
1Q 2014 % change
Profit before Income Tax 1.30 1.96 (34.0)
Depreciation & Amortisation 2.92 1.83 59.7
Other Non Cash-Flow
Adjustments 0.04 0.41 (90.2)
Operating Cash Flows before
Movement in Working Capital 4.26 4.20 1.5
Changes in Working Capital 3.16 (6.68) n.m
Interest & Income Tax Paid (0.64) (0.39) 66.0
Net Cash from (used in)
Operating Activities 6.78 (2.87) n.m.
1Q 2015 vs 1Q 2014
10
Operating Cash Flow Summary
n.m. - not meaningful
S$’m 1Q 2015 4Q 2014 % change
Profit before Income Tax 1.30 0.71 83.2
Depreciation & Amortisation 2.92 2.95 (0.1)
Other Non Cash-Flow
Adjustments 0.04 0.65 (93.8)
Operating Cash Flows before
Movement in Working Capital 4.26 4.31 (1.0)
Changes in Working Capital 3.16 6.54 (51.7)
Interest & Income Tax Paid (0.64) (1.54) (58.4)
Net Cash from Operating
Activities 6.78 9.31 (27.2)
1Q 2015 vs 4Q 2014
11
Business Segment S$’m %
Electronics 74.51 87.1
Material Supply & Marine
9.17 10.7
F&B Retail & Supplies 1.91 2.2
Total 85.59 100.0
Region S$’m %
Asia Pacific 62.41 72.9
Europe 22.10 25.8
North & South America 0.93 1.1
Others 0.15 0.2
Total 85.59 100.0
By Business Segment By Region
F&B
2.2%
Material Supply
& Marine
10.7%
Electronics
87.1% Europe
25.8%
Others
0.2%
North & South
America
1.1%
Asia Pacific
72.9%
1Q 2015 Turnover
Electronics Business
13
Operational Update
Continue to promote Aztech as the leading broadband and networking brand
Continue to innovate on faster speed HomePlug and Wireless Fibre Gateway
Expand Aztech HOME range of home appliances
Moving Forward
Sales of Electronics in 1Q 2015: S$74.5m
Introduced new Aztech HOME products – Bread Maker, Soup Maker etc.
Introduced networking products – Aztech WIPC410HD Enhanced HD IP Camera,
Aztech PSD500 Personal Storage Dongle etc.
Electronics Business
HL115EP HomePlug AV
500Mbps Gigabit Ethernet Adapter
with AC Pass Through
HL113EP HomePlug AV
200Mbps Ethernet Adapter with
AC Pass Through
HL117EP HomePlug AV
500Mbps Fast Ethernet Adapter with AC Pass
Through
HL119EP HomePlug AV2
600Mbps Gigabit Ethernet Adapter with Smart Link
HL129EP HomePlug AV2
1200Mbps Gigabit Ethernet Adapter with Smart Link
HL113EW HomePlug AV 200Mbps
with 150Mbps Wi-Fi Extender
HL117EW HomePlug AV 500Mbps
with 300Mbps Dual-band Wi-Fi Extender
Powerline Networking
Products
14
HL129EW HomePlug AV 1200Mbps with 300Mbps Dual-band
Wi-Fi Extender
WL559E 300Mbps Wireless
Repeater
WL580E Dual Frequency 300Mbps
Wireless Repeater
WL590E Dual Frequency 750Mbps
Wireless AC Repeater
MWR647 4G MiFi Router with Built-in Powerbank
Wireless Repeater & 4G Mi-Fi Powerbank
Wireless-N IP Camera
Products
15
HIPC700 500 Mbps HomePlug
IP Camera
WIPC409HD HD Wireless-N IP Camera
with 2-Way Audio Support
WIPC410HD Enhanced HD Wireless-N
Pan/Tilt IP Camera
FG7003GRV 4-Port Wireless-AC
(1600Mbps) Fibre Gateway
FG7008GRV(AC) 4-Port Wireless AC
(2400 Mbps) Fibre Gateway
FG7000GRV 4-Port 300 Mbps Wireless +
Voice Over IP Gateway
DSL5028EN(2T2R) 4-Port ADSL2/2+ 300Mbps
Wireless-N Modem Router with USB host
VDSL5038GRV 4-Port VDSL2 300Mbps
Wireless-N Gateway with USB 2.0 Host
FG8800GRV 4-Port Gigabit Dual-Frequency
Wireless-N Fibre Gateway
Fibre Gateway
ADSL / VDSL
Products
16
DSL5028EN(1T1R) 4-Port ADSL2/2+ 150Mbps Wireless-N Modem Router
with USB Host
Aztech Home
VC2000 Smart Robotic Vacuum Cleaner
AEK1700 Electric Kettle
EG008 LollieEgg Roll Maker
SJ1000 JuiceMAX Slow Juicer
MT400 Air Purifier
MT402 Air Purifier
Products
17
MF801 8-in-1 Multi Function Cooker
ABM750 Bread Maker
ASM800 Soup Maker
LED Lighting Business
19
Operational Update
New initiative in LED lighting through collaborative joint development programme
Expanded factory facilities in China to cater for manufacturing of LED lighting
New product launch – AZPOSE XL2 LED Floodlight, MONO Lamp, Moon Nite Lite Torch
Expand product offerings for retail market
Continue to increase brand awareness through participation in international trade shows
Continue to expand business in re-lamping and new projects
Moving Forward
LED Lighting
20
New LED Products
21
LF212 LF212B 2-feet, 9W 800lm
LF424 LF424B 4-feet, 21W 1600lm
LED Batten Fitting with
Sensor
LED Batten Fitting
LFE207 LFE207B 2-feet, 7W 750lm
LFE414 LFE414B 4-feet, 14W 1500lm
LF212S LF212BS 2-feet, 9W 800lm
LF424S LF424BS 4-feet, 21W 1600lm
LFE207S 2-feet, 7W 750lm
LFE414S 4-feet, 14W 1500lm
LED T5 Fitting
LFC2-104 1-feet, 4W 350lm
LFC2-208 2-feet, 8W 700lm
LFC2-312 3-feet, 12W 1050lm
LFC2-416 4-feet, 16W 1400lm
Lighting Products
AZCESS LF / LFE LED Batten Fitting
AZPAND LFC T5 LED Fitting
22
Lighting Products
AZSENCE LDR / LDS / LDRA / LDSA series LED Downlight
AZPRESS / AZPRESS+ LCR series LED Ceiling Light
LDR3H12 3.5-inch, 11W 850lm
LED Downlight
Dimmable LED
Downlight
LDRA824/830 8-inch, round 24/30W
LDR412 4-inch, 11W 850lm
LDS412 4-inch, 11W 850lm
LDR612E 6-inch, 11W 800lm
LDRA616/624/630 6-inch, round 16/24/30W
LDSA616/624/630 6-inch, square 16/24/30W
LCR1424 (Lunar) 20W, 1400lm
LCR1424 (Solar) 20W, 1400lm
14-inch LED Ceiling
Light
LCR1930M 30W, 2700lm Dimmable, adjustable colour temperature with Night Light
19-inch LED Ceiling
Light
Lighting Products
AZPLORE LBHR series LED Bulkhead / 2D Luminaire
Handheld Light / AZCEND Globe / AZIS Spot LED Bulb
LBHR1424 LBHR1424S 14-inch, 24W 1350lm
LBHR1424B LBHR1424BS 14-inch, 24W 1350lm
LED 2D Luminaire
LED Bulk Head
LBHR810 LBHR810S 8-inch, 10W 800lm
LBHR1120 LBHR1120S 10-inch, 20W 1600lm
LBHR1120B LBHR1120BS 10-inch, 20W 1600lm
LHE102 1-feet, 1.5W 170lm, USB rechargeable
LE27G58-6 E27, 6W 550lm
LMR16D24-6 LMR16D36-6 GU5.3, 6W 450lm
23
Lighting Products
AZCEL LT8 series LED Tube
LT8F210 2-feet, 10W 850lm
LT8F419 4-feet, 19W 1800lm
LT8S419 4-feet, 19W 1800lm
LT8B209E LT8BR209E LT8B209EP 2-feet, 9W, 825lm
LT8B418E LT8BR418E LT8B418EP 4-feet, 18W, 1650lm
LT8B522E LT8BR522E 5-feet, 22W 2000lm
LT8B208P LT8B208PEP 2-feet, 8W, 1000lm
LT8B416P LT8B416PEP 4-feet, 16W, 2000lm
LT8B525P 5-feet, 25W 3125lm
LT8G208 2-feet, 8W 800lm
LT8G416 4-feet, 16W 1600lm
24
Material Supply & Marine
26
Contributed S$9.2m to Group Turnover in 1Q 2015
A major sand importer with multiple sourcing capabilities, supported by sizable fleet of
marine vessels
Continue to explore new business opportunities
Provide full-fledged marine transportation &
offshore services
Expand service offerings
Moving Forward
Operational Update
27
One-stop centre with vertically integrated system
Bulk import of construction materials
Reclamation work
Material supply chain management
Comprehensive maritime logistics and husbanding support
Ship repair and maintenance
Customised fabrication works for oil & gas and offshore sector
Efficient lifting and supply support via wide water frontage and dedicated jetty
Provision of tugs and barges
Dredging Transportation Stevedoring Discharge
Services
AZ Marine Offshore Services (AMOS) shipyard occupying
site area of 251,500 square feet and water frontage of 2,475
feet long
Diversified service portfolio includes ship management,
vessel agency, ship chandling and ship brokerage services
Owns 11 tugs, 11 barges, 3 conveyor barges, 2 mooring
boats, 3 ferry boats and 1 passenger launch that can
support a wide range of operations
28
Warehouse and Workshop Storage, Small Craft refurbishments Tugboats
AMOS Shipyard
11 Barges • Az Chengdu • Az Xiamen • Az Qingdao • Az Fuzhou • Az Kunming
• Az Guangzhou • Az Tianjin • Az Dalian • Az Shanghai • Az Changi 9
• Az Nusa 14
29
Biden Az Xiamen Az Marigold
11 Tugboats • Az Rose • Az Sakura • Az Orchid • Az Lily • Az Sunflower
• Az Tulip • Az Peony • Az Lavender • Az Carnation • Az Iris
• Az Marigold
3 Conveyor Barges • Aiden • Biden • Az CHT
1 Launch Boat • Ciden
2 Mooring Boats • Az Zavier • Az Zoey
3 Ferry Boats • Az Jupiter • Az Mars • Az Pluto
Marine Fleet
30
F&B Retail & Supplies
31
F&B Retail & Supplies
Direct import and sales of premium food products
Agency / Distribution for brands such as Gourmet Chef Packers,
Aux Champs d'Élisé and Junta
Research and develop own range of products
Continue to expand product offerings and distribution services
Focus on promoting product range to food services and retail market in Singapore
With the acquisition of Kay Lee Roast Meat Joint, to expand and drive revenue growth
for the Group’s F&B Division
Moving Forward
Operational Update
32
Shiro F&B Products
Jade Canned Products
Seafood & Meat Products
Hokkaido Scallop UHP Lobster Meat Canadian Beef Kagoshima Wagyu Beef Brome Lake Duck
33
Ready-to-Cook
Food Business F&B Retail & Supplies
F&B Retail & Supplies
36
Kay Lee F&B
First Kay Lee branch opened in Suntec City in February 2015
offering a variety of food items
Second Kay Lee branched opened in Ubi in April 2015
Set up Central Kitchen in Senoko for preparation of roast items
Plan to open more Kay Lee outlets in Singapore
To expand and drive revenue growth for the Group’s F&B
Division
Moving Forward
Operational Update
Kay Lee Upper Paya Lebar
Kay Lee Suntec
Kay Lee Ubi
Kay Lee Food Items
Kay Lee Central Kitchen
Corporate Updates
HQ Showroom @ Ubi
40
IT Show, Singapore – Mar 2015
Events & Exhibitions
41
PC Expo, Malaysia – Feb 2015
Takashimaya CNY Fair,
Singapore – Jan-Feb 2015
Food & Beverage Fair, Singapore
– Mar 2015
Events & Exhibitions
42
CSR Activities
43
Green Corridor Run – March 2015
This presentation should be read in conjunction with Aztech Group’s Results for the period ended 31 March 2015 in the SGXNET announcement. This presentation may contain certain forward-looking statements which are based on Aztech Group’s current views, intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside Aztech Group’s control and that could cause actual results, performance or achievements for the Group to differ materially from such statements. Such risks and uncertainties include industry and economic conditions, competition, and legal, governmental and regulatory changes. Consequently, readers are cautioned not to place undue reliance on any forward-looking statements.
For more information, please visit www.aztech-group.com
Corporate Communications: Jesmine Ong [email protected] DID: +65 6594 2276
Disclaimer
44
THANK YOU