Xmh Holdings Ltd. · SGX:BQF
Xmh — H1 2016 Earnings Presentation
19 slides from Xmh's earnings presentation, Dec 15, 2015
Slide 1: 1H2016 Results Presentation
1H2016 Results Presentation PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the "Information") is provided by XMH Holdings Ltd. (the "Company") to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and may not contain all
Slide 3: Presentation Outline
Presentation Outline Financial Highlights Outlook, Strategies and Recent Developments PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD 3
Slide 4: Financial Highlights
Financial Financial Highlights Highlights
Slide 5: Financial Summary
Financial Summary 1H2016 Revenue was stronger y-o-y, well-supported by the “projects” segment; GPM decreased slightly due to tighter competition; Net profit and NPM increased in line with higher revenue, and higher finance income Profit & Loss 1H2016 1H2015 Change % S$’000 S$’000 Revenue 49,558 45,0
Slide 6: Revenue
Revenue Revenue Quarterly Analysis S$’ million Increase in Revenue 120.0 1H2015 1H2016 Primarily supported by S$45.0m S$49.6m the increase in the “projects” segment, 90.0 23.4 4Q following the inclusion of ZPA’s results 60.0 Offset by a decrease in 105.2 23.1 3Q 97.6 revenue from the 30.0 70.2 62.2
Slide 7: Profitability Trend (Gross Profit / Gross Profit Margin)
Profitability Trend (Gross Profit / Gross Profit Margin) Gross Profit Gross Profit Margin S$’ million 40.0 Quarterly Analysis 40.0% 1H2015 1H2016 Higher Gross Profit, S$12.4m S$12.58m 30.0 27.8% 30.0% Lower GPM 25.2% 26.0% 27.5% 23.5% 25.4% Higher gross profit in line with increase in 20.0 20.0% rev
Slide 8: Profitability Trend (EBITDA / EBITDA Margin)
Profitability Trend (EBITDA / EBITDA Margin) EBITDA S$’ million EBITDA Margin 20.0 25.0% Quarterly Analysis 18.0 1H2015 1H2016 16.0 14.9% 14.0% S$4.0m S$5.35m 13.1% 15.0% 14.0 10.8% 8.3% 8.8% 12.0 EBITDA and EBITDAM 10.0 5.0% improved 8.0 EBITDA increased in line 6.0 13.7 with increased revenue 10.5
Slide 9: Profitability Trend (Net Profit / Net Profit Margin)
Profitability Trend (Net Profit / Net Profit Margin) Net Profit S$’ million Net Profit Margin 20.0 25.0% 18.0 15.3% Quarterly Analysis 16.0 1H2015 1H2016 12.8% 11.7% 15.0% 14.0 S$2.1m S$3.57m 12.0 5.8% 7.2% Net profit and NPM 4.7% 10.0 5.0% improved 8.0 Net profit increased in 6.0 11.4 -5.0% line wi
Slide 10: Balance Sheet
Balance Sheet 31 October 2015 30 April 2015 Balance Sheet S$’000 S$’000 Property, plant and equipment 57,519 32,467 Intangible assets 15,892 16,470 Inventories 31,063 32,367 Trade and other receivables 32,507 31,113 Contract work-in-progress 12,965 9,443 Cash and cash equivalents 9,855 24,698 Loans
Slide 11: Outlook, Strategies & Developments
Outlook &Strategies Outlook, Strategies & Developments
Slide 12: Outlook
Outlook Challenging operating environment • Increased competition in marine and coal industries pressuring profit margins • Slow down in offshore and marine industry Riding on developments in the region • Indonesia’s mega plans for shipbuilding and investments into the economy • Increased enquiries
Slide 13: Growth Strategies
Growth Strategies • Expansion of supplier base Securing new • Securing new distributorships customers in emerging markets Deploy Exploration marketing of New staff and establish Revenue representatives Streams in new markets Concerted • Increase market share efforts when pitching for projects • Pitc
Slide 14: Growth Strategies
Growth Strategies • New 7-storey facility Capitalize on • Establish assembly line for in-house larger brands working area Optimization, Expand in- Development house range and of products and services Prudence • Working closely with identified Focus on stronger partners financials • Further develop a
Slide 15: Recent Developments
Recent Developments • Jun 2015 – XMH secures new contracts worth over S$23.1 million − MPG secured two contracts in different industries, one for a data centre and the other for a healthcare centre totalling S$15.5 million − ZPA secured a total of six consecutive contract wins in the recent month to
Slide 16: Recent Developments
Recent Developments • Mar 2015 – Completion of ZPA acquisition − A profitable entity and immediately earnings accretive − Promote business growth leveraging on ZPA’s sales network and existing customer base − Gradually implement ZPA’s technical knowledge and capabilities into XMH − Complementary sui
Slide 17: Share Statistics
Share Statistics Bloomberg code XMH SP EQUITY Reuters code XMHL.SI Share Price S$0.13 Market Capitalization S$57.9 million (445.1M shares) P/E 12.50 NAV per share S$0.14 Free Float 23.5% Substantial Shareholders Insiders 49.7% Credence Capital 18.8% House Call / Target Price RHB (Lee Yue Jer) BUY /
Slide 18: Summary
Summary • Business was well-supported − “Projects” segment underpinned the Group’s performance; − Increased synergies from concerted efforts of pitching for projects as a group • Macro conditions will only recover gradually − Offshore and Marine industries are still suffering the backlash of lower o
Slide 19: Thank You
THANK YOU Investor Relations | Financial PR Pte Ltd | Romil SINGH | Jonathan YEOH T: +65 6438 2990 F: +65 6438 0064 | staff@financialpr.com.sg