Playmates Toys Limited 2019 Interim Results...
Transcript of Playmates Toys Limited 2019 Interim Results...
Playmates Toys Limited2019 Interim Results Briefing
12 August 2019
Forward-Looking Statements
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This presentation and subsequent discussion may contain forward-looking statements with respect to the financial condition, results of operation and business of Playmates Toys Limited. Such forward-looking statements represent expectations or beliefs concerning future events and involve known and unknown risks and uncertainties which could cause actual results, performance or events to differ materially from those expressed or implied in such statements.
About Playmates Toys
Our Mission
Our Latest PerformanceOur 2019 Interim Results ReflectedFinancial Performance
Looking Forward
ContentContent
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Founded: 1966
First Group listing: 1984
HKSE#0869 – Playmates Toys Limited
A leading manufacturer of promotional toys
Create, design, market & distribute branded products worldwide
More information – www.playmatestoys.com
About Playmates ToysAbout Playmates Toys
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We strive to create superior shareholder value by selectively investing in proprietary and licensed brands and delivering quality, safe, and innovative toys to the consumers while managing costs prudently to maximize operational leverage.
Our MissionOur Mission
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Our Latest PerformanceOur Latest Performance
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Rollout of Rise of Teenage Mutant Ninja Turtles TV show and products around the world
Gross profit ratio increase due to:(i) fewer clearance of non-carry forward products(ii) lower tooling expenses
Higher marketing, selling & distribution costs in line with increase in sales, and stable overhead expenses
Our 2019 Interim Results ReflectedOur 2019 Interim Results Reflected
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Income Statement HighlightsHK$ Million 1H2018 1H2019 +/-%
Revenue 136.7 157.2 15.0Gross Profit 64.5 80.0 24.1Marketing (30.1) (41.2) 37.1Selling & Distribution (7.0) (8.6) 22.9Administration (59.5) (61.3) 3.1Impairment Loss on Trade Receivables (9.5) - N/AOperating Loss (41.5) (31.1) -25.2Loss before Taxation (33.8) (21.3) -37.0Income Tax credit 3.2 1.4 -57.2Net Loss (30.5) (19.9) -34.8
Loss per Share (HK¢) (2.58) (1.69) -34.5
Financial PerformanceFinancial Performance
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0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1H2018 1H2019
1.3%‐6.2%43.5% 39.0%
5.1% 5.5%
22.0% 26.2%
52.8% 49.1%
Cost of Sales
Marketing
Selling & Distribution
Administration
Others
Income Tax
Net Profit
OthersOthers
Income Tax‐0.9%
Income Tax‐2.4%
Revenue: HK$136.7M HK$157.2M9
Margin Analysis
51.3%20.2%
14.5%
2.5%
9.9% 1.5%
U.S.A. Other Americas Europe Australasia Asia Others
HK$136.7M
1H2018 1H2019
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Revenue Breakdown by Regions
54.7%
10.3%
29.1%
1.7%4.0% 0.3%
HK$157.2M
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Balance Sheet Highlights
Inventories 17.4 18.6Trade Receivables 40.3 31.9Cash & Bank Balances 1,011.9 1,065.1Net Current Assets 937.4 950.2Net Assets 984.6 1,001.5
Net Asset per Share (HK$) 0.83 0.85Gearing Ratio 0.0 0.0Current Ratio 5.7 5.8
HK$ Million 30/6/2018 30/6/2019
Financial PerformanceFinancial Performance
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Looking ForwardLooking Forward
Expect macroeconomic uncertainties and competitive pressure to persist and intensify in 2nd half 2019
Rise of the Teenage Mutant Ninja Turtles - season 2 to premiere in Fall 2019
Ben 10 - product line extensions in active development for 2019 and 2020
ZAG HEROEZ: Power Players - brand new show to debut in Fall 2019, initial shipments may occur in late 2019
Godzilla vs. Kong - full toy line in development for the blockbuster move in 2020
Pikwik - complete line of figures, playsets, vehicles, plush and role play toys scheduled to launch in 2020
Looking ForwardLooking Forward
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TMNT35th Anniversary!
TMNT celebrating its 35th anniversary!
Nickelodeon’s Rise of the Teenage Mutant Ninja Turtles TV Show and our TMNT toys rolling out across many international markets
Season 2 scheduled to premiere in Fall 2019, supported by continued flow of digital content
Confident in TMNT as evergreen entertainment franchise
Cartoon Network’s Ben 10 animated TV series continues to be popular in US and in many international markets
Actively developing product line extensions
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Playmates secured master toy rights of ZAG HEROEZ: Power Players
Brand new show scheduled to debut on Cartoon Network in Fall 2019
Multi-segment toy line in development to launch in early 2020
Initial shipments may occur in late 2019
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Godzilla vs. Kong, legendary, Toho and Warner Bros. bring together Godzilla and King Kong in on-screen battle in 2020
Full toy line for Godzilla vs. Kong blockbuster movie immerse kids in epic monster battle play
Pikwik, brand new pre-school series, collaborate with Toronto-based Guru Studio
Complete line of figures, playsets, vehicles, plush and role play toys scheduled to launch in 2020
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Thank You!
Playmates Toys Limited