Slide 1: Annual Results 2020
Annual Results 2020 2020年業績簡報 At Hung Hing, we are proud of our 70 years of printing and packaging excellence, which has seen the Group grown from a small printing house to one of the largest printing solution providers in Asia with an extensive global outreach. ©2021 Hung Hing Printing Group Ltd.
Slide 2: 2020 Results
Hung Hing Printing Group Ltd. - 2020 Results 鴻興印刷集團2020年度業績 Profit Attributable to Shareholders increased over 44% to 109.4 mil.; Despite Sales came off 17%, Net Cash* jumped 28% above 2019 to 1,238 mil. 股東應佔溢利增加超過44%至一億零九百四十萬元； 儘管營業額下調17% ，淨現金* 跳升28%至十二億三仟八百萬元。 (Unit: HK$ million / 单位: 港 幣 百 萬 元 )
Slide 3: Group Income Statement
Group Income Statement Profit significantly increased, driven by: a) operational improvements (product innovation, workflow design, portfolio diversification, labor cost control via increased automation and prudent inventory management); and b) one-off gains including WX land resumption, fav. curren
Slide 4: Robust financial position: Strong net cash and liquidity
Robust financial position: Strong net cash and liquidity Strong financial position with net cash increased over 28% to 1,238m (incl. structured deposits); allowing resources and providing flexibility to enhance shareholders’ return and pursue growth / investment opportunities at the same time. As at
Slide 5: Sales Revenue - External Customers
Sales Revenue - External Customers 2020 Overall Sales -17.2%: BPP -17.8% / CPP -22.0% / CB -14.0% / PT -6.6% (HK$ million) 3,500 3,277 3,136 3,084 2,956 388 -17.2% Paper Trading 3,000 425 306 (PT) 414 286 2,554 150 186 278 2,500 286 753 688 603 239 Corrugated 2,000 626 Box (CB) 470 1,500 Consumer 1,
Slide 6: Group EBITDA
Group EBITDA EBITDA jumped up to 233mil. with margin as % of Sales pushed up to 9.1%. Key Drivers: a) operational improvements; and b) one-off gains including WX land resumption, favorable currency hedging and pandemic-related gov’t support programs EBITDA (HK$ million) EBITDA as % of Sales 1,500 1,
Slide 7: Segment revenue & profit contribution
Operational improvements were in place to counteract, but margins of all 4 BUs were suppressed by the impact of Covid-19 & geo-political tensions. Segment revenue & profit contribution% Books and Package Printing (BPP) Consumer Product Packaging (CPP) Revenue (HK$mil.) Revenue (HK$mil.) 2,500 6.0% 5
Slide 8: Proposed Final & Special Dividends
Proposed Final & Special Dividends ©2021 Hung Hing Printing Group Ltd.
Slide 9: Earnings / (Loss) per Share (EPS / LPS)
Earnings / (Loss) per Share (EPS / LPS) 公司权益持有人应佔溢利 / (虧損)及每股盈利 / (虧損) Profit / (Loss) Basic Attributable to Shareholders EPS / (LPS) 1200 140 1050 120 116.7 1000 100 800 80 (HK$ million) (HK Cents) 600 60 400 40 200 109 76 20 4.5 8.4 12.1 38 41 4.2 0 0 (75) (8.3) (200) (20) 2016 2017 2018 2019 2020
Slide 10: Proposed Final & Special Dividends for 2020
Proposed Final & Special Dividends for 2020 (With the slightly amended policy, see next page, the Board deliberates and decides to approve the proposed pay out as follows) (HK¢ per share) Commentary • Proposed to increase total “Final + 35.0 Special” dividends by HK¢ 3 (+43% vs. 32 PY) to HK¢ 10, an
Slide 11: 2020 Results: Proposed final dividend 4 cents and special dividend 6 cents
Hung Hing Printing Group Ltd. - 2020 Results 鸿兴印刷集团2020年度业绩 Proposed final dividend 4 cents and Special dividend 6 cents 建议派发末 期 股 息 4 仙 及特 別 股 息 6仙 (Unit: HK$ million / 单位: 港 幣 百 萬 元 ) Year 2020 Year 2019 • Group revenue declined by 17.2% 2,554 3,084 集團營業額下降17.2% • Gross profit margin 16.6% (down 0
Slide 12: Appendices
Appendices ©2021 Hung Hing Printing Group Ltd.
Slide 13: Business Structure
Business Structure Hung Hing Printing Group Limited Book & package Consumer product Corrugated Paper Beluga printing packaging box trading % 9% 2020 61% HK$1,559mm 19% HK$239mm 11% N.A. HK$470mm HK$286mm Market Leader Top 5 in Major player in Leader in Innovative position globally China South China
Slide 14: Our Office and Production Plants
Our Office and Production Plants Hong Kong Shenzhen Zhongshan Wuxi Heshan Shunde Vietnam • Printing and • Printing and • Printing and • Established in • Relocated to manufacturing of • Printing and • Land area manufacturing of manufacturing of 2007 for printing manufacturing Tai Po folding cartons,
Slide 15: Our Global Presence
Our Global Presence Sales Offices: Benelux Scandinavia United Kingdom Germany France Turkey USA South America Vietnam Production Plant ©2021 Hung Hing Printing Group Ltd. I p. 15
Slide 16: Strategic Investments
Strategic Investments ©2021 Hung Hing Printing Group Ltd. I p. 16
Slide 17: Innovation Hub at HH
Innovation Hub at HH Our team is specialized in creative design and product development for a brand new and exciting category of 'print + digital' products using innovative and patented technologies. Improve Creative De-Spec and cost Creating new re-assessment concepts and formats Problem Solving Ba
Slide 18: Environmental & Social Care
HUNG HING Environmental & Social Care
Slide 19: We care about the environment
We care about the environment In year 2018, we consumed over PEFC FSC Programme for the Endorsement of 55,100 Tons FSC and Forest Certification Schemes - Forest Stewardship Council PEFC certified paper. High recycle Chain of Custody provides link - Chain of Custody to between paper products and ensu
Slide 20: We care about people
We care about people ICTI-Care International Council of Toy Industries– Ethical Toy Program, an ethical standard adopted by toy industries worldwide Happy Company We care about our employees, customers and community , our factories have accredited We participated in Happy Company program to provide
Slide 21: We care about our products
We care about our products GMI Graphic Measures EN71 Our raw materials and International Ltd, an approach adopted by some large European toy safety retailing companies to monitor standard products comply with and measure the quality performance of packaging international safety suppliers. CNAS stand
Slide 22: Going forward
Going forward 1992 1950 Founded as a small printing 1959 1966 1970 1989 Listed on the Stock Diversified into Began operation Expanded into Relocated to Tai shop in Central, Hong Kong, by Exchange of the printing and in corrugated paper trading Po Industrial Mr. Yam Cheong Hung. Hong Kong. manufactur
Slide 23: Disclaimer
Disclaimer The presentation is prepared by Hung Hing Printing Group Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investment deci
Slide 24: Thank you.
Thank you. ©202 Hung Hing Printing Group Ltd. I p. 24