2018/11/12 Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly Results Financial Statements and Related Announcement::Second Quarter and/ or Half Yearly 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 12-Nov-2018 06:40:11 Status New Announcement Sub Title Second Quarter and/ or Half Yearly Results Announcement Reference SG181112OTHRGS26 Submitted By (Co./ Ind. Name) Tse Chong Hing Designation Chairman and Managing Director Description (Please provide a detailed PLEASE SEE ATTACHED: description of the event in the box below - Refer to the Online help for the format) Presentation slides in relation to Q2FY2019 Results. Additional Details For Financial Period Ended 30/09/2018 Attachments VHL FY2019Q2 Results - Presentation Slides.pdf Total size =2039K Tweet Share http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementToday&F=IQYS7UBJV0YKSJOF&H=02b8933f1538c620d3f9a… 1/1
Q2FY19 Results Presentation Note: This presentation is to be read in conjunction with the announcement issued on SGXNET on 12 November 2018. 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. Investor Relations Contact: Name: Mr Gerald Woon Name: Ms Candy Soh Email: woon@cogentcomms.com Email: candysoh@cogentcomms.com Tel: + 65 6704 9288 2
Corporate Profile Bloomberg Code VALUE.SP Shareholding Reuters Code VLUE.SI 25% ISIN Code BN2 Index FTSE ST Small Cap, FT ST China, FTSE ST Shariah Issued shares (M) 434.0 Mkt cap (SG$M) (1 Nov 2018) 277.8 5% 70% Share price (SG$) (1 Nov 2018) 0.64 Average volume 3-mth ('000) 3,384 52 wk range (SG$) (1 Nov 2018) 0.59 – 1.12 Executive Directors HSBC Global AM 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 Sept 2018) • 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
Business Model Value Add A Premier Design and Manufacturing Partner Design & Development Engaging in Customers Value Chain • Mechanical & electrical Integrated engineering • Design for manufacturing Manufacturing Services design from concept to • Design & build test mass production • SMT • Better manufacturability fixtures • Rapid prototyping • Wire bonding with enhanced • FG assembly • Regulatory compliances features & lower cost • Supply chain management • Metal part machining • Software development • Injection molding • Industrial design services • 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 Completed Phase 1 Opened Daya Bay Celebrated 20 th 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 Consumer 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 Temperature Sensing Devices Nasdaq-listed Company Unit of a NYSE-listed MNC Transaction Printer for Slot, POS & Teller Station Machines Company owned by a UK PE Fund Cold Chain Temperature Monitor for Industrial & Commercial Use Company owned by a UK PE Fund Barcode and Transaction Printing Solution Provider for Retail, Banking, Manufacturing, Logistics and Healthcare industries Global Brand owned by NYSE-listed MNC Electronic Thermostats Thermal Label Printer for Industrial & Commercial Use 8
Industrial & Commercial Electronics (Cont’d) Communication Products Toronto-listed Company Taiwan-listed Company Company Based in North America High Precision GPS for Industrial Use 9
Industrial & Commercial Electronics (Cont’d) Electronic Products for Others Automotive Industry Tier 1 Automotive System Manufacturer In-vitro Diagnostic Medical Equipment Data and media connectivity module for Testing Human Tissue Samples 10
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 11
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 12
Q2FY19 Financial Highlights 13
Financial Highlights HK$’M 1HFY19 1HFY18 % Change Q2FY19 Q2FY18 % Change Q1FY19 Revenue 1,420.2 1,421.4 -0.1 716.2 725.7 -1.3 704.0 Gross Profit 209.8 209.2 0.3 107.1 104.8 2.1 102.8 Gross Profit Margin 14.8% 14.7% 0.1% pt 14.9% 14.4% 0.5% pt 14.6% Net other operating (13.6) - NM (13.6) - NM - loss# Net Profit for 94.0 99.6 -5.6 44.3 50.8 -12.8 49.7 the period Net Profit Margin 6.6% 7.0% -0.4% pt 6.2% 7.0% -0.8% pt 7.1% # Impairment loss recognised in respect of flash floods that occurred on 17 September 2018 at the Danshui Factory
Financial Highlights Revenue Contribution Q2FY19 1HFY19 58.5% 39.7% 41.5% 60.3% HK HK HK HK $564M $419M $297M $856M 1HFY18 Q2FY18 47.5% 52.5% 51.0% 49.0% HK HK HK HK $345M $381M $724M $697M Consumer Electronics Industrial and Commercial Electronics
Revenue Trend HK$’ M 2,853.7 2,900.0 2,433.3 2,429.3 2,400.0 2,274.9 1,455.6 1,952.9 780.0 956.3 1,900.0 1,287.8 1,420.2 1,421.4 1,400.0 1,128.3 724.5 856.1 900.0 1,653.3 1,473.0 1,398.1 987.1 400.0 824.6 696.9 564.1 -100.0 FY14 FY15 FY16 FY17 FY18 1HFY18 1HFY19 Consumer Electronics Industrial & Commercial Electronics 16
Quarterly Revenue HK$’ M 900 788.3 800 725.7 716.2 704.0 695.7 700 636.1 644.0 587.6 600 387.2 345.3 379.2 419.3 500 436.8 343.9 346.0 316.7 400 300 200 401.1 380.4 316.5 300.1 296.9 290.1 270.9 267.2 100 0 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Consumer Electronics Industrial & Commercial Electronics 17
Revenue by Shipment Destination 100% 10.0% 12.6% 13.8% 90% 80% 70% 42.7% 42.6% Europe 43.1% 60% 50% China & Asia Pacific 40% North 30% America 47.3% 44.8% 43.1% 20% 10% 0% FY17 FY18 1HFY19 18
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