Malaysian Pacific Industries Bhd. · MYX:MPI

Malaysian Pacific Industries Bhd — Q4 FY2020 Earnings Presentation

16 slides from Malaysian Pacific Industries Bhd's earnings presentation, January 2021

  1. Slide 1: Malaysian Pacific Industries Berhad Investors' Briefing Q4 FY20

    Malaysian Pacific Industries Berhad Investors’ Briefing Q4 FY20 DIFFERENTIATION THROUGH INNOVATION Differentiation Thru Innovation

  2. Slide 2: Industry Outlook

    INDUSTRY OUTLOOK MARKET WAS ALREADY HIT BY TRADE WAR AND NOW, CORONA VIRUS LED TO SEVERE DAMAGES IN SEMICON SALES ❑ Worldwide Semiconductor Revenue down by 12% in 2019 (USD 469B in 2018 to USD 412B in 2019) - World Semiconductor Trade Statistics ❑ In 2020 due to Covid-19, Semiconductor industry is e

  3. Slide 3: MPI Turnover & PATAMI

    MPI TURNOVER & PATAMI US$ Mil TURNOVER & PATAMI OVER 3 YEARS RM Mil 390 160 153 380 378 150 143 371 370 140 359 128 360 130 350 120 340 110 Trade War Covid-19 330 100 320 90 FY18 FY19 FY20 Revenue US$ PATAMI RM ❑ PATAMI 19% higher against FY19 with strategic cost control measures. ❑ Turnover is back

  4. Slide 4: MPI Sequential & Corresponding Quarter Growth

    MPI SEQUENTIAL & CORRESPONDING QUARTER GROWTH US$ Mil QUARTER GROWTH RM Mil 100 60 94 90 49 90 50 83 80 40 30 70 30 22 60 20 50 10 40 0 Q4 Q3 Q4 FY19 FY20 Revenue PATAMI ❑ Carsem is one of the few OSATs in the world which was always open and continued production during the lockdown. ❑ Carsem & DCI p

  5. Slide 5: Q4 FY20 Snapshot

    Q4 FY20 SNAPSHOT REVENUE Q4 FY20 Sequential Revenue Higher by 4% and 8% in USD & RM respectively. PATAMI Q4 PATAMI 122% Higher against Q3 FY20. (RM 49M in Q4 Vs RM 22.1M in Q3 FY20) EPS Q4 EPS at 25.73c Vs 11.59c of Q3 FY20 CASH Net cash increased to RM 826M vs RM 809M of Q3 FY20 DIVIDEND FY20 – 27

  6. Slide 6: MPI Group Results at a Glance

    MPI GROUP RESULTS AT A GLANCE Q4 FY20 Q3 FY20 Q4 FY19 Q4 vs Q3 Q4 vs Q4 YTD FY20 YTD FY19 YoY RM mil RM mil RM mil % % RM mil RM mil % Revenue 405.5 376.3 345.9 8% 17% 1,564.6 1,487.9 5% PAT 55.6 26.2 35.7 >100% 56% 178.8 160.0 12% PATAMI 49.0 22.1 30.1 >100% 63% 153.0 128.3 19% EPS (sen) 25.73 11.5

  7. Slide 7: Additional Cost Incurred During MCO

    ADDITIONAL COST INCURRED DURING MCO Additional Cost – RM 6M Q3 & Q4 Recurring/mth Carsem (M) RM'000 RM'000 Incentives 1,046 - Facemasks 557 144 Sanitizers/Disinfection 116 47 Extra busing/transport 194 110 Rental of equipmt 37 - Free meals 980 - Additional OT 653 - Total 3,584 301 DCI RM'000 RM'000

  8. Slide 8: MPI Group – Revenue by Geographical Location of Customers

    MPI GROUP – REVENUE BY GEOGRAPHICAL LOCATION OF CUSTOMERS EUROPE 21.6% YTD FY 2020 ASIA USA 23.8% YTD FY2019 13.8% YTD FY2020 64.6% YTD FY 2020 61.1% YTD FY2019 15.2% YTD FY2019 Differentiation Thru Innovation

  9. Slide 9: Revenue by End User Market

    REVENUE BY END USER MARKET REVENUE BY END USER MARKET Q4 FY20 REVENUE BY END USER MARKET Q3 FY20 Other 1% Other 1% PC / PC / Notebook Notebook 12% 11% Automotive Automotive 29% Consumer / 30% Communications Consumer / 31% Communications 31% Industrial Industrial 27% 27% Post Q2 FY20 – Beginning of C

  10. Slide 10: MPI Group – Revenue by Operating Units

    MPI GROUP – REVENUE BY OPERATING UNITS MPI REVENUE REVENUE BY OPERATING UNITS (%) 105 Carsem Dynacraft 120% 100 99 96% 96% 97% 98% 96% 100% 95 94 USD MIL 80% 90 90 88 60% 85 83 40% 80 20% 4% 4% 3% 2% 4% 75 0% Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY19 FY20 FY19 FY20 Differentiation Thru Innovation

  11. Slide 11: MPI Group – Capex

    MPI GROUP – CAPEX MPI EBITDA VS CAPEX MPI CAPEX EBITDA Capex Carsem Dynacraft 120 90 111 108 0.7 80 100 94 85 70 0.7 81 80 0.6 RM MIL RM MIL 80 60 65 61 50 60 0.1 40 80 42 40 30 0.4 65 61 24 20 42 20 10 24 - - Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY19 FY20 FY19 FY20 Differentiation Thru Innovation

  12. Slide 12: Automation – Industry 4.0

    AUTOMATION – INDUSTRY 4.0 Auto Visual Inspection (AVI) Flip Chip Inline System Before : Now : Customized AVI system for Assembly Level operations Intelligent Factory Program – Production Lines Smart Production Line – MEMS & Sensors Unit ➢ Connecting Shop Floor & Processes ➢ Fully Automated Line With

  13. Slide 13: Carsem Investment Plans

    CARSEM INVESTMENT PLANS CARSEM CONTINUES TO INVEST HUGELY IN SENSORS, 5G TESTING, SILICON CARBIDE TECHNOLOGY 5G TESTING SZ SILICON CARBIDE S MEMS SENSORS M Higher Efficiency (SiC) Silicon Carbide Technology Higher High Performance Speed Power Conversion and EV Charging Higher Operating Temperature ▪

  14. Slide 14: Cash Is King

    CASH IS KING IN GOOD & BAD TIMES, MPI IS PROFITABLE AND CONTINUES TO ACCUMULATE CASH RM Mil 900.0 808.9 826.0 797.7 800.0 760.7 713.4 677.2 689.0 700.0 643.9 600.0 572.6 547.3 500.0 443.8 387.0 400.0 300.0 284.0 200.0 100.0 0.0 MPIB GROUP Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Sep-18 Dec-18 Mar-19 Jun-1

  15. Slide 15: Summary

    SUMMARY MPI PATAMI up by 122% even though revenue increased only 8% in Q4 compared to Q3 FY20 Despite tough times, MPI gave dividend 27 Sen in FY20 Carsem’s sales pipeline is strong & intact but it has shifted few quarters due to the ongoing challenges across the world Carsem continues to invest in

  16. Slide 16: Thank You!

    THANK YOU! Differentiation Thru Innovation

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