Slide 1: FY2024 Results Presentation
FY2024 Results Presentation 25 February 2025 DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 2: Note on Forward-Looking Statements
Note on Forward-Looking Statements 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 uncertain
Slide 3: FY2024 Results
FY2024 Results Performance Review Outlook Awards Proposed Final & Special Dividends Key Developments DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 4: Performance Review
Performance Review DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 5: FY2024 Financial Highlights
Performance Review FY2024 Financial Highlights ▪ Achieved FY2024 revenue of $621.6 million ▪ Delivered FY2024 net profit of $70.5 million and net profit margin of 11.3% ▪ Strong net cash position of $294.2 million as at 31 December 20241 ▪ NAV per share of 44 cents as at 31 December 20242 (1) During
Slide 6: FY2024 Performance Highlights
Performance Review FY2024 REVENUE NET PROFIT NET MARGIN Performance Highlights $621.6 $70.5 11.3% Million Million Recorded FY2024 revenue FY2024 net profit of $70.5 Stable net profit margin of $621.6 million, lower by million for FY2024, a for FY2024. 30.6% YoY due to lower decline of 29.5% YoY. The
Slide 7: FY2024 Financial Performance Summary
Performance Review FY2024 Financial $ Million FY2024 FY2023 % Change Performance Summary Revenue 621.6 896.3 (30.6) EBITDA 91.3 133.6 (31.7) Profit Before Tax 81.1 123.7 (34.5) PBT Margin (%) 13.0 13.8 - $ 70.5 Income Tax Expense (10.5) (23.7) (55.6) Net Profit of Effective Tax Rate (%) 12.6 13.4 -
Slide 8: 2H 2024 Financial Performance Summary
Performance Review 2H 2024 Financial $ Million 2H 2024 2H 2023 % Change Performance Summary Revenue 248.4 507.7 (51.1) EBITDA 31.4 77.9 (59.7) Profit Before Tax 26.5 72.7 (63.6) PBT Margin (%) 10.7 14.3 - 23.9 Income Tax Expense (2.6) (15.6) (83.4) $ 4.4% Effective Tax Rate (%) 9.6 11.7 - Net Profit
Slide 9: 4Q 2024 Financial Performance Summary
Performance Review 4Q 2024 Financial $ Million 4Q 2024 4Q 2023 % Change Performance Summary Revenue 81.7 224.3 (63.6) EBITDA 13.2 31.7 (58.4) Profit Before Tax 10.7 28.9 (63.0) PBT Margin (%) 13.1 12.9 - 10.1 Income Tax Expense (0.6) (2.7) (77.8) $ 4.4% Effective Tax Rate (%) 5.6 8.3 - Net Profit of
Slide 10: Strong Net Cash From Operating Activities & Position
Performance Review Strong Net Cash From Operating Activities & Position NET CASH POSITION $294.2 Continued to generate strong net cash from Million operating activities with positive working capital movements. Net cash position Net cash from increased by 17.8% YoY operating activities to $294.2 mill
Slide 11: Balance Sheet Summary
Performance Review Balance Sheet Summary ($ Million) 31 December 2024 31 December 2023 ($ Million) FY 2024 Cash & Bank Balances 292.1 231.4 Cash Flow From Operating Activities 113.3 Short-term Investments 19.2 40.6 Lease Liabilities (2.8) (4.9) Less Capital Expenditure (3.4) Total Bank Borrowings (1
Slide 12: Proposed Final & Special Dividends
Proposed Final & Special Dividends DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 13: Proposed Final Ordinary & Special One-Tier Tax-Exempt Dividends
2H 2024 Dividend Proposed Final Ordinary & Special One-Tier Tax-Exempt Dividends1 ▪ The Group has a disciplined approach to cash and capital management over the years. As at 31 December 2024, the Group’s cash reserve amounted to $311.3 million2 and retained earnings totalled $141.8 million. ▪ In vie
Slide 14: Proposed Final Ordinary & Special One-Tier Tax-Exempt Dividends
2H 2024 Dividend Proposed Final Ordinary & Special One-Tier Tax-Exempt Dividends1 Dividend Per Share (Cents) Dividend Payout Ratio % ▪ Including interim dividend of 5 cents a share, ordinary dividend payout would be 8 cents per share for FY2024 (FY2023: 8 cents), representing 15.01 a dividend payout
Slide 15: Key Developments
Key Developments DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 16: Building Resilience and Efficiency
Key Developments Building Resilience and Efficiency ▪ Digital Transformation to drive operational efficiency and excellence ❑ Progressively integrating MES, EDI and ERP systems to improve operational efficiency, production yield, transparency and traceability to reduce wastage and achieve lean manuf
Slide 17: Building Resilience and Efficiency (cont'd)
Key Developments Building Resilience and Efficiency (cont’d) ▪ Reorganisation of Manufacturing Operations ❑ Consolidated operations in Malaysia at 300,000 sq ft facility in Pasir Gudang, Johor for better economies of scale • Started mass plastic injection & tooling services in 4Q 2024. • Increase in
Slide 18: Building Resilience and Efficiency (cont'd)
Key Developments Building Resilience and Efficiency (cont’d) ▪ NPI portfolio & Customer Base ❑ Added 7 new customers in FY2024 with commercial production expected in FY2025. ❑ 5 new products commenced commercial production end of 4Q 2024. ❑ Continue to build on its pipeline of new products under dev
Slide 19: Awards
Awards DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 20: Hallmark of Excellence – Received a Record of 9 Awards in 2024
Awards Hallmark of Excellence – Received a Record of 9 Awards in 2024 ▪ Jan 2025, scored its third consecutive win as Singapore’s Fastest Growing Companies in 2025 by the Straits Times ▪ Nov 2024, added “Centurion Club 2024 Award - Highest Growth in Profit After Taxes over Three (3) Years” for the S
Slide 21: Outlook
Outlook DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 22: Outlook
Outlook Amid rising trade restrictions, geopolitical tensions and global economic uncertainties, the Group is encountering some demand volatility from customers. The Group is prioritising: ▪ Expanding its customer base; ▪ Strengthening relations with existing customers; ▪ Managing its cost; and ▪ En
Slide 23: Thank You
Thank You DELIGHTING PEOPLE WITH SMARTER SOLUTIONS