Financial Statements and Related Announcement::First Quarter Results Page 1 of 2 FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::FIRST QUARTER RESULTS Issuer & Securities Issuer/ Manager VALUETRONICS HOLDINGS LIMITED Securities VALUETRONICS HOLDINGS LIMITED - BMG9316Y1084 - BN2 Stapled Security No Announcement Details Announcement Title Financial Statements and Related Announcement Date &Time of Broadcast 14-Aug-2019 07:05:47 Status New Announcement Sub Title First Quarter Results Announcement Reference SG190814OTHRLU5B Submitted By (Co./ Ind. Name) Tse Chong Hing Designation Chairman and Managing Director Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format) Please see attached: Presentation slides in relation to Q1FY2020 Results. Additional Details For Financial Period Ended 30/06/2019 Attachments VHL%201QFY2020%20Results%20-%20Presentation%20Slides.pdf https://links.sgx.com/1.0.0/corporate-announcements/IE3ZE67UF5R6R... 14-Aug-19
Financial Statements and Related Announcement::First Quarter Results Page 2 of 2 Total size =1744K MB https://links.sgx.com/1.0.0/corporate-announcements/IE3ZE67UF5R6R... 14-Aug-19
Q1FY20 Results Presentation Note: This presentation is to be read in conjunction with the announcement issued on SGXNET on 14 August 2019. 1
Important Notice This presentation contains forward-looking statements which can be identified by the context of the statement and generally arise when the Company is discussing its beliefs, estimates or expectations. Such statements may include comments on industry, business or market trends, projections, forecasts, and plans and objectives of management for future operations and operating and financial performance, as well as any related assumptions. Readers of this presentation should understand that these statements are not historical facts or guarantees of future performance but instead represent only the Company’s belief at the time the statements were made regarding future events, which are subject to significant risks, uncertainties and other factors, many of which are outside of the Company’s control. Actual results and outcomes may differ materially from what is expressed or implied in such forward-looking statements. The Company cautions readers not to place undue reliance on any forward-looking statements included in this presentation, which speak only as of the date made; and should any of the events anticipated by the forward-looking statements transpire or occur, the Company makes no assurances on what benefits, if any, the Company will derive therefrom. ��������������������������� �������������������� ������������������ ��������������������������������� �������������������������������� ����� �!"�!#$%�&'(( 2
Corporate Profile Bloomberg Code VALUE.SP Shareholding Reuters Code VLUE.SI 25% Stock Code BN2 Index FTSE ST Singapore, FT ST China, FTSE Global MicroCap Issued shares (M) 434.0 Mkt cap (SG$M) (7 Aug 2019) 271.3 Share price (SG$) (7 Aug 2019) 0.63 75% Average volume 3-mth ('000) 1,698 Average volume 3-mth ('000) 1,698 52 wk range (SG$) (7 Aug 2019) 0.59 – 0.79 Executive Directors Public Float Corporate Information Integrated EMS Provider • Electronic Manufacturing Services (“EMS”) player • Engineering Design & Development established in 1992 in Hong Kong • Product Design & Deployment • Listed on Main Board of SGX on 28 March 2007 • Plastic Injection Moulding • Production facilities in Daya Bay & Danshui Town, • Tool Design and Tool Fabrication Guangdong, PRC (60 minutes from Shenzhen) • Metal Stamping & Machining • Auditors: PricewaterhouseCoopers • Printed Circuit Box Assembly and Box Build Assembly • Around 4,000 employees (30 Jun 2019) • Supply Chain Management Accreditations ISO9001:2008,ISO14001:2004,ISO013485: 2003, TL9000 R5.5, TS16949: 2009, IPC J STD-001, IPC-A-610 QML Class 3 3
Business Model Value Add )�*�������+�������������,-���,�����*������ Design & Development Design & Development Engaging in Customers Engaging in Customers Value Chain Value Chain • Mechanical & electrical • Mechanical & electrical Integrated Integrated Integrated Integrated engineering engineering engineering engineering Manufacturing Services Manufacturing Services • Design for manufacturing • Design for manufacturing design from concept to design from concept to • Design & build test • Design & build test mass production mass production fixtures fixtures • SMT • SMT • Better manufacturability • Better manufacturability • Wire bonding • Wire bonding • Rapid prototyping • Rapid prototyping with enhanced with enhanced • Regulatory compliances • Regulatory compliances • FG assembly • FG assembly features & lower cost features & lower cost • Supply chain management • Supply chain management • Metal part machining • Metal part machining • Software development • Software development • Injection molding • Injection molding services services • Industrial design • Industrial design • Tool design & fabrication • Tool design & fabrication Proactive deployment of Design & Development capabilities 4
Key Milestones 1992 2002 2003 2005 2007 2008 Headquartered in Use of ROHS Adopted work cell Became Philips Listed on SGX- Became Phillips Hong Kong with equipment and management & preferred supplier Mainboard & preferred supplier manufacturing accredited with updated to for its consumer commenced for its Lighting facilities in Danshui TL9000 ISO9001:2000 lifestyle segment construction for segment Town PRC Daya Bay Facility 2008 2009 2012 2014 2015 2017 Celebrated 20 th Completed Phase 1 Opened Daya Bay Adoption of formal Received TS16949 Received 2016 construction of Facility, acquired anniversary with dividend policy certification Above & Beyond – Daya Bay Facility medical business revenue crossing Pinnacle Award for HKS2 billion Supplier Excellence from Delphi 5
Daya Bay Facility – Bird’s-Eye View • Land use rights acquired in 2006 • Total site area > 110,000 sq m 6
Customer & Product Portfolio Industrial & Commercial Industrial & Commercial Consumer Electronics Consumer Electronics Electronics Electronics Ability to accommodate customers requirement for various volume, mix and • complexity Customer base ranged from emerging enterprises in Northern American (low- • volume complex custom product) to top global Multi-National Corporations (high-volume standards product) 7
Industrial & Commercial Electronics Printers Nasdaq-listed Company Company owned by a UK PE Fund Barcode and Transaction Printing Solution Provider for Retail, Banking, Manufacturing, Logistics and Healthcare industries Banking, Manufacturing, Logistics and Healthcare industries Transaction Printer for Slot, POS & Teller Station Machines Global Brand owned by NYSE-listed MNC Thermal Label Printer for Industrial & Commercial Use 8
Industrial & Commercial Electronics Sensing Devices Unit of a NYSE-listed MNC Company owned by a UK PE Fund Cold Chain Temperature Monitor for Industrial Electronic Thermostats & Commercial Use Biotechnology company based in United States and Canada Networked Chemical Dispenser 9
Industrial & Commercial Electronics (Cont’d) Communication Products United States based Company Taiwan-listed Company Captioning phone for the hearing loss Company Based in North America High Precision GPS for Industrial Use 10
Industrial & Commercial Electronics (Cont’d) Electronic Products for Automotive Industry Tier 1 Automotive System Manufacturer Data and media connectivity module 11
Consumer Electronics Consumer Lifestyle Products Consumer Lifestyle Division of a Dutch MNC Subsidiary of Homax Group (Wholly-owned by PE firm) PCBA for Shavers & Electric Toothbrushes for Consumer Use 15W and 40W Bug Zappers 12
Consumer Electronics (Cont’d) Smart Lighting with IOT Features Wireless lighting contain various LED specially chosen to produce wide range of intensities and over 16 million colours; Wirelessly controlled by mobile application 13
Q1FY20 Financial Highlights 14
Financial Highlights HK$’M Q1FY20 Q1FY19 % Change Revenue 654.3 704.0 -7.1 Gross Profit Gross Profit 99.0 99.0 102.8 102.8 -3.7 -3.7 Gross Profit Margin 15.1% 14.6% 0.5% pt Net Profit for 48.1 49.7 -3.2 the period Net Profit Margin 7.4% 7.1% 0.3% pt 15
Financial Highlights Revenue Contribution Q1FY20 36.9% 63.1% HK$241M HK$413M Q1FY19 Q1FY19 38.0% 62.0% HK$267M HK$437M Consumer Electronics Industrial and Commercial Electronics 16
Revenue Trend HK$’ M 2,853.7 2,900.0 2,828.8 2,429.3 2,400.0 2,274.9 1,455.6 1,952.9 1,667.6 956.3 1,900.0 1,287.8 1,400.0 1,128.3 900.0 704.0 654.3 1,473.0 1,398.1 1,161.2 987.1 436.8 413.5 400.0 824.6 267.2 240.8 -100.0 FY15 FY16 FY17 FY18 FY19 Q1FY19 Q1FY20 Consumer Electronics Industrial & Commercial Electronics 17
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