Analogue Holdings Limited · HKEX:1977
Analogue — FY2024 Earnings Presentation
49 slides from Analogue's earnings presentation, Mar 28, 2025
Slide 1: FY2024 Annual Results Investor Presentation
ANALOGUE HOLDINGS LIMITED (Stock Code : 1977) FY2024 Annual Results Investor Presentation 28 March 2025
Slide 2: Disclaimer
DISCLAIMER Disclaimer • All information including statements, views and opinions contained herein this report, this presentation and accessory discussions whether in writing, orally provided or in any other form (the “Information”) does not constitute an offer of any form for the purposes of any app
Slide 3: Contents
CONTENTS OUTLOOK & COMPANY FINANCIAL BUSINESS GROWTH Q&A OVERVIEW REVIEW REVIEW STRATEGIES 1 2 2 3 4 5 3
Slide 4: Company Overview
COMPANY OVERVIEW A leading provider of E&M engineering Over 47 years of operating history with solutions and ICT services for smart cities, an extensive client portfolio with headquarters in HK and operations in Macau, Mainland China, the US and UK, covering diverse sectors including: • One-stop E&M
Slide 5: Solid Foundation for Business Going Forward
KEY HIGHLIGHTS High contracts-in-hand, strong tender activities and recurring revenue streams Broad base of 4 segments in different markets contributes to solid profit by allowing the Group to capture shifting market priorities toward smart solutions, data centres, environmental engineering and
Slide 6: Various Business Opportunities Based on New Technology, New Market & New Business Model
KEY HIGHLIGHTS Lifts & Escalators business made progress in the United Kingdom and expanded to additional cities in the South of the United States Smart Data Automation was set up as a new business development unit to bring Various Business to market the new environmental technologies for clean
Slide 7: Commitment to Innovation, Track Record in Synergy
KEY HIGHLIGHTS Leadership in new construction technologies including MiMEP, DfMA and BIM, by leveraging our extensive experience to systematically develop our own methodology established to achieve significantly improved Commitment to quality, duration required, productivity, safety and sustainabi
Slide 8: Financial Review
FINANCIAL REVIEW
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Sustained Market Leading Position Order Intake (HK$’M) Contracts-in-hand (HK$’M) 6,043.3 + 3.7% 11,052.7 Revenue (HK$’M) Bank Balances and Cash (HK$’M) 6,450.1 1,035.9 + 5.2% + 14.3% Profit Attributable to Owners of the Company (HK$’M) Gearing Ratio 135.3^ 26.2% ^ Including a on
Slide 10: Key Financial Data
KEY FINANCIAL DATA FY2024 FY2023 Growth (HK$’M) (HK$’M) Revenue 6,450.1 6,132.9 5.2% Gross profit 1,002.3 833.3 20.3% Gross profit margin 15.5% 13.6% 1.9 p.p. Profit attributable to owners of the Company 135.3^ 251.5* (46.2%) Basic earnings per share (cents) 10 18 (44.4%) Dividend per share (cents)
Slide 11: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$’M) (HK$’M) 3,933.0 5,081.0 3,735.8 4,926.9 1,348.1 1,355.7 1,230.1 1,069.8 640.2 663.4 528.8 378.0 139.0 136.2 61.0% 20.9% 9.9% 8.2% 60.9% 22.1% 10.8% 5.4% 6.2% 78.8% 19.0% 2.2% 80.3% 17.5% 2.2% Total: 6,450.1 Total: 6,132.9 Total: 6,450.1
Slide 12: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31 Dec 2024 31 Dec 2023 (HK$’M) (HK$’M) Current assets 3,699.4 3,721.4 Current liabilities 2,632.6 2,730.1 Bank balances and cash 1,035.9 906.4 Net current assets 1,066.9 991.3 Total assets less current liabilities 2,567.5 2,409.2 Current ratio 1.4x 1.4x Gearing ratio 26.2
Slide 13: Stably & Proactively Returning Capital to Shareholders
STABLY & PROACTIVELY RETURNING CAPITAL TO SHAREHOLDERS 8.52 7.25 7.00 5.07 4.50 4.27 3.85 4.02 3.82 2.38 2.00 1.00 8.92 10.82 11.27 8.77 9.52 4.38 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Dividend per share (HK cents) 13
Slide 14: Business Review
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Slide 15: Building Services: Contracts-in-hand HK$5,107 million
Contracts-in-hand: HK$5,107 million Segment Revenue: (HK$’M) 3,506.7 3,430.6 421.5 300.4 +5.3% 4.8 4.7 FY2024 FY2023 Contracting work Maintenance work Sales of goods 15
Slide 16: Leadership in MiMEP
LEADERSHIP IN Multi-trade Integrated Mechanical, Electrical and Plumbing (MiMEP) Manufacturing • “MiMEP Design and Manufacturing Centre” and “MiMEP High Productivity Research Centre” in Zhuhai • Other MiMEP manufacturing facilities in Hong Kong Standardisation • The development of our own systematic
Slide 17: We Exchange Valuable MiMEP Experiences and Insights
We Exchanges Valuable MiMEP Experiences and Insights We exchanged valuable MiMEP experiences and insights with the Government, industry leaders and technical experts to driving innovation in MiMEP and shaping the future of buildability. Participated in the MiMEP Symposium 2024 Co-organised “A Sustai
Slide 18: 85% MiMEP Adoption
The Highest Rates of MiMEP Application in Hong Kong A Grade A office building at Caroline Hill Road in Causeway Bay 85% MiMEP Adoption The development of quality assurance MiMEP aims to ensure win-win benefits for various stakeholders and to enhance quality and productivity. Advanced MiMEP can addre
Slide 19: Captured the Shifting Market with Various Sectors
Captured the Shifting Market with Various Sectors Data Centres Infrastructure Housing Hospitals Private Development 19
Slide 20: Signature Projects
SIGNATURE PROJECTS Data Centre Hospital Data Centre Fitting-out Work for Expansion of Buildings at a Major Hospital in Lai King a Major Data Centre Service Provider in Tseung Kwan O Hospital Photo sources credited: Architectural Services Department Website 20
Slide 21: Signature Projects
SIGNATURE PROJECTS Private Development Commercial Development Commercial Development Commercial Development in Kai Tak in Central in West Kowloon 21
Slide 22: Signature Projects
SIGNATURE PROJECTS Shanghai, Mainland China Macau Commercial Development Mega Integrated Construction Podium Construction Significant Hotel Project Project Project Project 22
Slide 23: Public Housing Development in Various Districts
SIGNATURE PROJECTS Kwun Tung North Fanling Southern Kwai Chung Public Housing Development in Various Districts Kai Tak Tung Chung 23
Slide 24: Signature Projects
SIGNATURE PROJECTS Universities Residence and Student Hostels at Different Universities Infrastructure HKIA Three Runway System – North Runway Modification Works 24
Slide 25: Environmental Engineering: Contracts-in-hand HK$4,330 million
Contracts-in-hand: HK$4,330 million, up 4.0% Segment Revenue: (HK$’M) 851.7 860.5 426.1 450.2 70.3 45.1 FY2024 FY2023 Contracting work Maintenance work Sales of goods 25
Slide 26: Continuous Optimisation of Environmental and Climate Solutions
Continuous Optimisation of Environmental and Climate Solutions Leveraging our own design, research and talent training, advanced technologies and innovative solutions were introduced into water, wastewater and solid waste design-and-build projects, as well as operation and maintenance projects for E
Slide 27: Signature Projects
SIGNATURE PROJECTS Sewage Yuen Long Effluent Polishing Plant Cheung Chau Sewage Treatment San Shek Wan Sewage Treatment Works and Disposal Facilities Flood Prevention Water In-situ Reprovisioning of Sha Tin Tsuen Wan Water Treatment Works Yuen Long Barrage and Nullah Ceramic Membrane Pilot Test Wate
Slide 28: Signature Projects
SIGNATURE PROJECTS Solid Waste Gas Treatment Leachate Treatment Works for New Leachate Treatment Plant for West New Territories (WENT) Landfill West New Territories Landfill North East New Territories Landfill Gas Power Generation Phase II Extension (WENTX) Extension (NENTX) Development Project 28
Slide 29: Signature Projects
SIGNATURE PROJECTS Laundry Service System Automatic Storage & Transportation System Supply and Installation of Laundry Service System Supply and installation of Automatic Storage & for Garment Sorting and Finishing, Shum Wan Laundry Transportation System for Hospital Authority Services Centre 29
Slide 30: Operation and Maintenance Projects
SIGNATURE PROJECTS Organic Resources Recovery Centre Food Waste Pre-treatment facilities at Food Waste Pre-treatment facilities at (O PARK1) Tai Po Sewage Treatment Works Sha Tin Sewage Treatment Works Operation and Maintenance Projects (Operation Stage) Pillar Point Sewage Treatment Works San Wan S
Slide 31: ICBT: Contracts-in-hand HK$959 million
Contracts-in-hand: HK$959 million, up 13.8% Segment Revenue: (HK$’M) 450.4 465.6 141.9 130.2 47.9 67.6 FY2024 FY2023 Contracting work Maintenance work Sales of goods 31
Slide 32: Go Forward with the Trends in Advanced Technology
Go Forward with the Trends in Advanced Technology Based on our own design, research and talent development edges, the green and intelligent building solutions offered by the ICBT segment integrate a wide range of information and communications technologies : • AI-enabled Digital Twin • Energy Manage
Slide 33: Signature Projects
SIGNATURE PROJECTS Supply and installation of advanced technologies into the projects (e.g. BMS, ICT, ELV, IoT Systems and etc.) Private Development Commercial Development in Commercial Development Commercial Development Private Residence Causeway Bay in West Kowloon in Central in Tseung Kwan O 33
Slide 34: Signature Projects
SIGNATURE PROJECTS Laundry Service System Infrastructure Supply and Installation of BMS for Supply and Installation of Automatic Vehicle Clearance Hong Kong-Shenzhen Innovation and Technology Park Support System in Shenzhen Bay Control Point 34
Slide 35: Supply and Installation of BMS and Security Solutions for Public Hospitals
SIGNATURE PROJECTS Public Hospitals Supply and Installation of BMS and Security Solutions for Public Hospitals Public Hospitals 35
Slide 36: Lifts & Escalators: Contracts-in-hand HK$656 million
Contracts-in-hand: HK$656 million, up 3.0% Segment Revenue: (HK$’M) 272.2 240.6 189.0 170.2 +39.9% 16.0 18.8 FY2024 FY2023 Contracting work Maintenance work Sales of goods 36
Slide 37: Extending the Quality Service from Hong Kong to Global Market
Extending the Quality Service from Hong Kong to Global Market Global Market United Kingdom • Success in securing United States overseas projects contributed • Anlev made progress with to positive revenue growth Hong Kong & Mainland China its UK business • Extending the benefits of our • Two acquired
Slide 38: Signature Projects
SIGNATURE PROJECTS Private Sector ATAL Tower Data Centre Vehicle Show Room Private Residence in Kwai Chung in Fanling in Hong Kong in Kowloon City 38
Slide 39: Signature Projects
SIGNATURE PROJECTS Public Sector Design and Construction of Provision of Universal Accessibility Design and Construction of Public Housing Joint-user Government Office Facilities at Footbridges, Elevated Redevelopment of Public Hospital in Shatin Building in Tseung Kwan O Walkways and Subways 39
Slide 40: Signature Projects
SIGNATURE PROJECTS Laundry Service System Automated Parking System Tsuen Wan Kai Tak Inland Revenue Tower 40
Slide 41: Overseas Projects
SIGNATURE PROJECTS London, UK Manchester, UK Sao Paulo, Brazil Overseas Projects Florida, US New York, US Mexico City 41
Slide 42: Maintenance Business
MAINTENANCE BUSINESS Generate FY2024 FY2023 Contribution to the FY2024 Recurring Revenue HK$1,230.1M HK$1,069.8M + 15.0% Group’s revenue 19.1% Hong Kong Zhuhai Macao Bridge Region CLP Castle Peak Power Station Contracts for Maintenance of Provision of Integrated Mechanical Installations, and Mai
Slide 43: Maintenance Business
MAINTENANCE BUSINESS Housing Authority Hong Kong Zhuhai Macao Bridge Hong Kong A Maintenance Contracts Port and Shenzhen Bay Control Point for Fire Service Installation and Water Supply Maintenance Services of Automatic Vehicle Clearance System for Tai Po, North and Shatin Region Support System
Slide 44: Maintenance Business
MAINTENANCE BUSINESS Central to Mid-Levels Escalator and Walkway System Ocean Park Management, Operation and Maintenance Maintenance Contract for Lifts Contract for Central to Mid-Levels Escalator and and Escalators System Walkway System 44
Slide 45: Outlook & Growth Strategies
THANK OUTLOOK YOU & GROWTH STRATEGIES
Slide 46: Continuous Improvement of Core Strengths and Investment in Innovation
GROWTH OPPORTUNITIES Continuous Improvement of Core Strengths and Investment in Innovation Building Core Strengths Innovating for Quality Distinct from peers, a leading provider of E&M Achieved leadership in MiMEP with own systematic engineering solutions and ICT services for smart cities decisi
Slide 47: Capturing the Valuable Business Opportunities Arising in the Multiple Markets
GROWTH OPPORTUNITIES Capturing the Valuable Business Opportunities Arising in the Multiple Markets Hong Kong Mainland China Overseas Mainland China remains resilient Productive facilities in Mainland Continue to build on expanded and capital works expenditure of China and Hong Kong are linked
Slide 48: @ATAL
@ATAL
Slide 49: Thank You
THANK YOU