Aem Holdings Ltd. · SGX:AWX
Aem — Q3 2019 Earnings Presentation
21 slides from Aem's earnings presentation, Nov 6, 2019
Slide 1: 3Q2019 Results Presentation
3Q2019 Results Presentation AEM Holdings Ltd | 6 November 2019
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to the current activities of AEM Holdings Ltd (“AEM”). It is given in summary form and does not purport to be complete. In addition, the presentation may contain forward- looking statements relating to financial trends for future peri
Slide 3: Corporate Profile
Corporate Profile Global Provider of Equipment Systems Solutions and Manufacturing Services Listed on SGX Revenue Profit Before Tax Market Cap 2017 : S$221.6m 2017 : S$37.5m ~S$440m 2018 : S$262.3m 2018 : S$40.0m AEM Holdings Limited 2019: Guidance of 9M19: S$43.5m (AWX.SI) S$305m - S$315m 3
Slide 4: Market & Corporate Updates
= Market & Corporate Updates
Slide 5: Executive Summary
Executive Summary 9M 2019 PBT has exceeded full year FY 2018 PBT which was in turn the best year in AEM’s corporate history. Our performance underscores the transformation in the semiconductor industry as it embraces the solutions needed to bring 5G and AI together New testing solutions will be need
Slide 6: AEM is benefiting from the drive towards Data-Centricity
AEM is benefiting from the drive towards Data-Centricity 5G and AI initiatives are catalyzing new CAPEX and the way they are tested • Infrastructure spending is just beginning. • Vertical industrial solutions will need customized edge infrastructure that will be software defined • IoT devices that t
Slide 7: New test paradigm
Complex SiP devices and test requirements will require System Level Test Asynchronous Modular Parallel Smart solution platform (AMPS) • Singular Test framework that supports different testers or same testers /different-programs to New test paradigm coexist. • Common, configurable test environment fo
Slide 8: AEM Corporate Priorities
AEM Corporate Priorities Grow with our key customers as they seek market share in an expanded TAM • AEM will continue to invest in R&D to develop customized test handling solutions for our key customers for their wafer, package, panel and interconnect system level test needs. • AEM will continue to
Slide 9: Business Unit Updates
Business Unit Updates
Slide 10: Near term updates for SBUs
Near term updates for SBUs Our business is on a solid footing as our investments continue to pay off 1 Key customer – introduces new products with advanced semicon nodes for data- centric needs • Continue to see demand for AEM high density handlers for testing complex and sophisticated chips • Expec
Slide 11: TMS Business Updates
TMS Business Updates • Looking to expand the fiber cable test solutions with global customers and their suppliers of 5G connectivity, electric vehicle, autonomous driving and data centre. • Granted 2 patents for (MMVNA) Mixed Mode Vector Network Analyser and the method and system for measuring a pro
Slide 12: MEMS (Afore) Business Updates
MEMS (Afore) Business Updates • Expected delivery in 4Q2019 for the order from a major German sensor supplier in the automotive and consumer industries for an AIOLOS system. In the midst of discussing other orders from this customer. • In discussion to get orders for CRYOGENIC PROBER systems . For t
Slide 13: SLT-i Business Updates
SLT-i Business Updates • Initial systems have been shipped to 1st AMPS customer, and expecting more orders from this customer • Building up eco-system partners and support structure, targeting market in North America and China • Scaling up in their product and technological capabilities • Engaging n
Slide 14: Financial Updates
Financial Updates
Slide 15: 3Q2019 Financial Highlights
3Q2019 Financial Highlights Heading towards a record year Revenue PBT PBT Margin PAT 3Q19: S$83.8m 3Q19: S$16.6m 3Q19: 19.8% 3Q19: S$13.7m -S$0.8m S$2.8m 3.6% S$2.3m -1.0% 20.5% 20.4% 3Q18: S$84.7m 3Q18: S$13.8m 3Q18: 16.2% 3Q18: S$11.4m 15
Slide 16: 3Q2019 Financial Performance
3Q2019 Financial Performance S$’M S$’M 120.0 Revenue (Quarterly) 350.0 Revenue (9M) Consumables & Services Tools & Machines Consumables & Services Tools & Machines 100.0 97.9 300.0 84.7 83.8 250.0 234.5 80.0 223.0 49.8 (51%) 200.0 35.4 (42%) 60.0 44.6 (53%) 105.0 (47%) 111.8 (48%) 150.0 40.0 100.0 2
Slide 17: Profit & Loss Highlights
Profit & Loss Highlights Qtr year-on-year Qtr sequential YTD year-on-year FY19 Change Change Change ($'000) 3Q2019 3Q2018 % 2Q2019 % 9M2019 9M2018 % Guidance Revenue 83,848 84,668 -1.0% 97,919 -14.4% 234,483 222,976 5.2% 305M - 315M Material margin 31,681 27,216 16.4% 35,147 -9.9% 86,985 72,527 19.9
Slide 18: Financial Position Highlights
Financial Position Highlights 30-Sep-19 31-Dec-18 30-Sep-18 ($'000) Property, plant and equipment 5,316 5,725 6,249 Right of use assets 2,449 - - Intangible assets and goodwill 17,297 17,717 16,324 Cash and cash equivalents 64,813 58,890 42,539 Current assets less current liabilites 88,710 65,112 59
Slide 19: Cash and Cash Flow
Cash and Cash Flow S$'M 25.0 20.0 16.0 15.0 10.0 6.7 5.0 - 2.4 -3.6 -5.0 -10.0 -15.0 -20.0 4Q2018 1Q2019 2Q2019 3Q2019 9M2019 Dividends - - -5.1 -5.4 -10.5 Share buy back -0.1 -0.2 -1.0 -0.3 -1.5 Capex -1.0 -0.9 -0.5 -0.5 -1.9 Operating profit 6.7 9.6 20.5 18.3 48.4 Changes in working capital and ta
Slide 20: Summary
Summary Proven ability to innovate and deliver solutions on the global stage Strategic relationship with one of the world’s largest semiconductor companies for >18 years in developing and manufacturing leading –edge test handlers and consumables Strong financial position No debt and low capital expe
Slide 21: Thank You
Thank You Investor relations contact : Financial PR Pte Ltd Romil SINGH / Reyna Mei Tel: 6438 2990 / Fax: 6438 0064 E-mail: romil@financialpr.com.sg / reyna@financialpr.com.sg