Venture Corporation Limited · SGX:V03
Venture — H1 2022 Earnings Presentation
16 slides from Venture's earnings presentation, Aug 5, 2022
Slide 1: 1H 2022 Executive Summary and General Comments
1H 2022 Executive Summary and General Comments 5 August 2022
Slide 2: 1H 2022 Results Highlights
1H 2022 Results Highlights Profit Before Net Revenue EPS2 Tax (PBT) Profit1 S$1,796.1m S$212.8m S$174.3m 59.8 cents 25.4% YoY 31.6% YoY 24.1% YoY 24.3% YoY PBT Margin Net Profit Margin NAV/ Share 1H 2022: 11.8% 1H 2022: 9.7% S$9.513 31 Dec 2021: 1H 2021: 11.3% 1H 2021: 9.8% S$9.35 1. Net Profit refe
Slide 3: Broad-Based Growth Across Domains
Broad-Based Growth Across Domains 1H 2022 vs 1H 2021 Portfolio A 1. Life Science, Genomics, Molecular Diagnostics and Related Materials Growth Technology 2. Medical Devices and Equipment Growth 3. Healthcare & Wellness Technology, Lifestyle Consumer Tech, Health Growth Improvement Products and Other
Slide 4: Financial Performance
Financial Performance Revenue (S$’m) 3,485 3,633 1H 4,500 3,107 4,000 3,013 3,500 3,000 2,500 2,000 1,500 1,000 1,808 1,832 1,796 1,366 1,432 500 0 2018 2019 2020 2021 2022 Net Profit (S$’m) 400 370 363 1H 350 312 297 300 250 200 150 100 182 182 174 131 140 50 0 2018 2019 2020 2021 2022 Page 4
Slide 5: Financial Performance Review
FINANCIAL PERFORMANCE REVIEW
Slide 6: 1H 2022 Performance
1H 2022 Performance (S$’m) 1H 2022 1H 2021 YoY (%) Revenue 1,796.1 1,432.2 25.4 Profit Before Tax 212.8 161.7 31.6 PBT Margin (%) 11.8 11.3 - Income tax expense (38.3) (21.3) 79.4 Effective Tax Rate (%) 18.0 13.2 - Net profit 174.3 140.4 24.1 Net Margin (%) 9.7 9.8 - EPS (cents) 59.8 48.1 24.3 Resil
Slide 7: 2Q 2022 Performance
2Q 2022 Performance 2Q 1Q 2Q QoQ YoY (S$’m) 2022 2022 2021 (%) (%) Revenue 906.8 889.3 745.5 2.0 21.6 Profit Before Tax 110.2 102.6 86.7 7.4 27.0 PBT Margin (%) 12.2 11.5 11.6 - - Income tax expense (19.8) (18.5) (11.7) 7.4 69.5 Effective Tax Rate (%) 18.0 18.0 13.5 - - Net profit 90.2 84.0 75.1 7.4
Slide 8: Financial Position and Cash Flow
FINANCIAL POSITION AND CASH FLOW
Slide 9: Balance Sheet Highlights (S$'m)
Balance Sheet Highlights 30 June 31 December (S$’m) 2022 2021 Cash & Bank Balances 704.3 807.9 Net Current Assets 1,884.4 1,830.0 Net Non Current Assets 885.2 889.4 Total Net Assets 2,769.6 2,719.5 Accumulated Profits 1,975.8 1,948.3 Share Capital & Reserves 790.7 768.0 Non-Controlling Interests 3.2
Slide 10: Changes in Working Capital (S$'m)
Changes in Working Capital 30 June 31 December (S$’m) 2022 2021 Trade Receivables 848.2 829.2 Trade Payables (660.6) (643.6) AR- AP 187.6 185.7 Inventories 1,250.4 1,049.4 Working Capital 1,438.0 1,235.1 In response to continued supply chain constraints, the Group held higher inventories to support
Slide 11: Declared Interim Dividend
DECLARED INTERIM DIVIDEND
Slide 12: Interim Dividend
Interim Dividend The Board of Directors has declared an interim dividend of S$0.25 per share on a one-tier tax-exempt basis, consistent with the 1H 2021 interim dividend of S$0.25 per share. 0.75 0.75 Final Dividend 0.70 0.70 Total Interim Dividend DPS 0.60 (S$) 0.50 0.50 0.50 0.50 0.50 0.25 0.20 0.
Slide 13: Outlook
OUTLOOK —————e
Slide 14: Outlook
Outlook For the first half of 2022, Venture recorded 25.4% YoY increase in revenue and 24.1% YoY increase in net profit. Expansion was broad-based across all of its technology domains. Based on customer/business partnerships’ order patterns, Venture expects demand to remain unabated in 2H 2022. The
Slide 15: Disclaimer
Disclaimer This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertainties and other factors w
Slide 16: Thank You
Thank You For enquiries, please contact: Judy Tan Investor Relations & Corporate Communications +65 6484 8136 judy.tan-th@venture.com.sg