Financial Statements and Related Announcement::Second Qua... Page 1 of 2 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 13-Nov-2019 07:28:43 Status New Announcement Sub Title Second Quarter and/ or Half Yearly Results Announcement Reference SG191113OTHRQSWN 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 Q2FY2020 Results. Additional Details For Financial Period Ended 30/09/2019 Attachments https://links.sgx.com/1.0.0/corporate-announcements/POO86H... 13/11/2019
Financial Statements and Related Announcement::Second Qua... Page 2 of 2 VHL%202QFY2020%20Results%20-%20Presentation%20Slides.pdf Total size =2023K MB https://links.sgx.com/1.0.0/corporate-announcements/POO86H... 13/11/2019
Q2FY20 Results Presentation Note: This presentation is to be read in conjunction with the announcement issued on SGXNET on 13 November 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. ��������������������������� �������������������� ������������������ ��������������������������������� �������������������������������� ����� �!"�!#$%�&'(( 2
Corporate Profile Bloomberg Code VALUE.SP Shareholding Reuters Code VLUE.SI 25% Stock Code BN2 Index FTSE ST Small Cap, FTSE ST China, FTSE Global Micro Cap Issued shares (M) 435.6 Mkt cap (SG$M) (12 Nov 2019) 296.2 Share price (SG$) (12 Nov 2019) 0.680 75% Average volume 3-mth ('000) 28,830 52 wk range (SG$) (12 Nov 2019) 0.587 – 0.755 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 Sep 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 2008 Headquartered Use of ROHS Adopted work Became Philips Listed on SGX- Became Phillips Completed in Hong Kong equipment and cell management preferred Mainboard & preferred Phase 1 with accredited with & updated to supplier for its commenced supplier for its construction of manufacturing TL9000 ISO9001:2000 consumer construction for Lighting segment Daya Bay Facility facilities in lifestyle segment Daya Bay Facility Danshui Town PRC 2009 2012 2014 2015 2017 2019 2019 Opened Daya Celebrated 20 th Adoption of Received Received 2016 Awarded 2019 Established Bay Facility, anniversary with formal dividend TS16949 Above & Beyond Sustainability Manufacturing acquired medical revenue crossing policy certification – Pinnacle Award Award, Small footprint in business HKS2 billion for Supplier Cap – Runner Up Vietnam Excellence from from SIAS 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
Q2FY20 Financial Highlights 14
Financial Highlights HK$’M 1HFY20 1HFY19 % Change Q2FY20 Q2FY19 % Change Q1FY20 Revenue 1,367.1 1,420.2 -3.7 712.8 716.2 -0.5 654.3 Gross Profit 205.9 209.8 -2.0 106.9 107.1 -0.5 99.0 Gross Profit Margin 15.0% 14.8% 0.2% pt 15.0% 14.9% 0.1% pt 15.1% Net other operating - (13.6) NM - (13.6) NM - loss# Net Profit for 104.1 94.0 10.8 56.0 44.3 26.3 48.1 the period Net Profit Margin 7.6% 6.6% 1% pt 7.9% 6.2% 1.7% pt 7.4% 15
Financial Highlights Revenue Contribution 1HFY20 Q2FY20 54.0% 46.0% 58.4% 41.6% HK HK HK HK $328M $385M $569M $798M 1HFY19 Q2FY19 39.7% 41.5% 60.3% 58.5% HK HK HK HK $297M $856M $564M $419M Consumer Electronics Industrial and Commercial Electronics 16
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