3Q 2014 / Jan-Sep FY2014 Financial ... - Singapore ExchangeAsia Pacific 191.93 76.1 Europe 55.62...

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3Q 2014 / Jan-Sep FY2014 Financial Results Announcement 23 October 2014

Transcript of 3Q 2014 / Jan-Sep FY2014 Financial ... - Singapore ExchangeAsia Pacific 191.93 76.1 Europe 55.62...

Page 1: 3Q 2014 / Jan-Sep FY2014 Financial ... - Singapore ExchangeAsia Pacific 191.93 76.1 Europe 55.62 22.1 North & South America 3.82 1.5 Others 0.70 0.3 ... maker, and Electric Kettle

3Q 2014 / Jan-Sep FY2014

Financial Results Announcement

23 October 2014

Page 2: 3Q 2014 / Jan-Sep FY2014 Financial ... - Singapore ExchangeAsia Pacific 191.93 76.1 Europe 55.62 22.1 North & South America 3.82 1.5 Others 0.70 0.3 ... maker, and Electric Kettle

• Dynamic International Corporation with diversified business:

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• Acquired shipyard and set up as AZ Marine Offshore Services (AMOS) to

strengthen the Group’s core marine logistics capability, and expand its ship

repair and maintenance capacity.

• Announced agreement to acquire Kay Lee Roast Meat Joint and set up Kay

Lee Pte Ltd to expand the Group’s food business.

Group Profile

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3Q / 9M 2014 Turnover

3

(S$’m)

100

60

20

0

40

80

3Q 2013

$66.86m

3Q 2014

$79.31m

0 9M 2013

$158.02m

9M 2014

$252.08m

(S$’m)

150

50

100

200

250

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(S$’m)

0

1

2

3

3Q 2013

$2.01m

3Q 2014

$2.44m

(S$’m)

0

1

2

3

9M 2013

$3.42m

9M 2014

$5.50m

3Q / 9M 2014 Net Profit

4

5

6

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S$’m Jan-Sep 2014 Jan-Sep 2013 % change

Turnover 252.08 158.02 59.5

Gross Profit 26.30 21.37 23.1

Gross Profit Margin 10.4% 13.5% (3.1)

Net Profit After Tax 5.50 3.42 60.6

Net Profit Margin 2.2% 2.2% -

Earnings Per Share 1.13 cts 0.70 cts 61.4

EBITDA 13.56 10.05 34.9

Financial Summary

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S$’m Jan-Sep 2014 FY 2013 % change

Current Assets 148.27 115.16 28.8

>> including Cash & Bank

Balance; and 28.39 25.68 10.6

>> Bonds (Liquid Assets) 4.24 2.16 96.3

Current Liabilities 131.53 87.40 50.5

Net Working Capital 16.74 27.76 (39.7)

Non-Current Assets 72.00 58.42 23.3

Non-Current Liabilities 2.26 1.52 48.7

Total Assets 220.27 173.57 26.9

Total Liabilities 133.79 88.92 50.5

Shareholders’ Equity 86.48 84.65 2.2

Balance Sheet Summary

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Key Indicators

Jan-Sep 2014 FY 2013 change

Debtors (S$’m) 62.50 44.09 41.7%

Debtor Turnover (Days) 58 54 4 Day

Creditors (S$’m) 46.52 30.66 51.7%

Creditor Turnover (Days) 50 58 (8 Days)

Inventory (S$’m) 48.19 38.57 24.9%

Inventory Turnover (Days) 57 65 (8 Days)

Capital Expenditure (S$’m) 20.74 8.94 132.0%

Current Ratio (x) 1.13 1.35 (16.3%)

Quick Ratio (x) 0.76 0.88 (13.6%)

Gearing Ratio (x) 0.89 0.51 74.5%

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Operating Cash Flow Summary

n.m. - not meaningful

S$’m Jan-Sep 2014

Jan-Sep 2013 % change

Profit before Income Tax 6.50 4.05 60.6

Depreciation & Amortisation 6.32 5.64 12.1

Other Non Cash-Flow

Adjustments 0.37 1.14 (67.5)

Operating Cash Flows before

Movement in Working Capital 13.19 10.83 21.8

Changes in Working Capital (10.62) (19.52) (45.6)

Interest & Income Tax Paid (1.41) (0.92) 53.3

Net Cash from (used in)

Operating Activities 1.16 (9.61) n.m.

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Business Segment S$’m %

Electronics 131.27 52.1

Materials Supply & Marine Logistics

117.46 46.6

Food & Beverage 3.34 1.3

Total 252.07 100.0

Region S$’m %

Asia Pacific 191.93 76.1

Europe 55.62 22.1

North & South America

3.82 1.5

Others 0.70 0.3

Total 252.07 100.0

By Business Segment By Region

F&B

1.3%

Materials Supply

& Marine Logistics

46.6%

Electronics

52.1%

Europe

22.1%

Others

0.3%

North & South

America

1.5%

Asia Pacific

76.1%

Jan-Sep 2014 Turnover

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Electronics Business

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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 9M 2014: S$131.27m (increase of 6.3% compared to 9M 2013))

Launch of Aztech HOME new range of home appliances –Slow Juicer, Egg Roll

maker, and Electric Kettle

Introduced Aztech MWR647 4G MI-FI with Built-in PowerBank

Electronics Business

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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

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WL559E 300Mbps Wireless Repeater

WL580E Dual Frequency 300Mbps

Wireless Repeater

WL590E Dual Frequency 750Mbps

Wireless AC Repeater

WIPC408HD HD Wireless-N IP Camera

with Pan/Tilt

WIPC403 Wireless-N IP Camera

with Pan/Tilt

HIPC700 500 Mbps HomePlug

IP Camera

Wireless Repeater

Wireless-N IP Camera

Products

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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

DSL5018EN(1T1R) 4-Port ADSL2/2+ 150Mbps Wireless-N

Modem Router with USB Host

DSL5018EN(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

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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

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LED Lighting Business

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Operational Update

Stable revenue contribution from LED lighting business

Set up new factory facilities in China to expand production capacity for LED lighting

New product launch – AZPOSE LED Floodlight and AZEL LED Bedside Lamp

Expand product offerings for commercial and retail markets

Continue to increase brand awareness through participation in

international trade shows, e.g. Hong Kong International Lighting Fair

(Autumn Edition) on 27-30 Oct 2014

Continue to expand business in re-lamping and new projects

Moving Forward

LED Lighting

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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

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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

LDR612 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

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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

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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

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Business Update

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Total contribution of 46.6% to Group Turnover in 9M 2014 (S$117.46m)

A major sand importer with multiple sourcing capabilities, supported by sizable fleet of

marine vessels

Acquired shipyard and set up as AZ Marine Offshore Services Pte Ltd

Strengthen core marine logistics capability and expand ship repair and maintenance

capacity

Continue to explore new business opportunities

Provide full-fledged marine transportation &

offshore services

Expand service offerings

Moving Forward

Operational Update

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Services

Vertical integrated system – a one-stop centre

Construction materials in bulk importer

Reclamation

Material supply chain management

Comprehensive and full Maritime Logistic and Husbanding support

Ship repair and maintenance

Customise fabrication works for oil and gas and offshore sector

Efficient lifting and supply support via wide water frontage and dedicated jetty

Provision of barges and tugs support

Dredging Transportation Stevedoring Discharging

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Shipyard with 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, 13 barges, 2 conveyor barges, 2 mooring

boats and 1 passenger launch that can support a wide

range of operations

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Shipyard

Warehouse And Workshop Storage, Small Craft refurbishments Tugboats

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13 Barges

• Az Beijing

• Az Chengdu

• Az Xiamen

• Az Qingdao

• Az Fuzhou

• Az Kunming

• Az Guangzhou

• Az Tianjin

• Az Dalian

• Az Shanghai

• AZ Changi 9

• AZ CHT

• NUSA 14

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Fleet

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

2 Conveyor Barges

• Aiden

• Biden

1 Launch Boat

• Ciden

2 Mooring Boats

• Az Zavier

• Az Zoey

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Food Business

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Food Business

Shiro’s Business Models:

Jade Brand – canned and frozen products

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, expand and drive revenue growth for

the Group’s Food Division.

Moving Forward

Operational Update

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Jade Brand

Jade Canned Products

Jade Frozen Products

Finger Food Basa White Fillet Shrimp & Mulluscs

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Premium Food Range

UHP Lobster Meat Canadian Beef

Brome Lake Duck Kurobuta Pork &

Miyazaki Herb Pork

Kagoshima Wagyu Beef

H2O Baked Lobster Foie Gras

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Ready-to-Cook

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Comex Show, Singapore –

Sep 2014 Hong Kong Computer &

Communications Festival – Aug 2014

Events & Exhibitions

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IT Fair, Malaysia

– Aug 2014

Digital Lifestyle Expo, Malaysia

– Aug 2014

Events & Exhibitions

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Events & Exhibitions

Epicurean Market, Singapore

– Sep 2014

Canadian Beef Launch, Singapore

– Sep 2014

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• Walk for Our Children (17 August 2014) – fund raising

for Singapore Children’s Society

• Mooncake Donation to Charities (Sep 2014) – in

support of Lions Home For the Elderly, Thye Hua Kwan

Family Service Centre and Food from the Heart

CSR Events

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Page 37: 3Q 2014 / Jan-Sep FY2014 Financial ... - Singapore ExchangeAsia Pacific 191.93 76.1 Europe 55.62 22.1 North & South America 3.82 1.5 Others 0.70 0.3 ... maker, and Electric Kettle

• SPARK 2014 Table Tennis Tournament (August 2014) –

participated in table tennis competition organised by

Hong Kong Science & Technology Parks

• Yellow Ribbon Prison Run (14 Sep 2014) – charity run to

raise funds for ex-offenders

CSR Events

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Page 38: 3Q 2014 / Jan-Sep FY2014 Financial ... - Singapore ExchangeAsia Pacific 191.93 76.1 Europe 55.62 22.1 North & South America 3.82 1.5 Others 0.70 0.3 ... maker, and Electric Kettle

This presentation should be read in conjunction with Aztech Group’s Results for the period ended 30 September 2014 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

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Page 39: 3Q 2014 / Jan-Sep FY2014 Financial ... - Singapore ExchangeAsia Pacific 191.93 76.1 Europe 55.62 22.1 North & South America 3.82 1.5 Others 0.70 0.3 ... maker, and Electric Kettle

THANK YOU