Playmates Toys Limited · HKEX:869
Playmates Toys — H1 2014 Earnings Presentation
21 slides from Playmates Toys's earnings presentation, Aug 29, 2014
Slide 1: Playmates Toys Limited 2014 Interim Results Briefing
Playmates Toys Limited 2014 Interim Results Briefing 29 August 2014
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and subsequent discussion may contain forward-looking statements with respect to the financial condition, results of operation and business of Playmates Toys Limited. Such forward-looking statements represent expectations or beliefs concerning future even
Slide 3: Content
Content About Playmates Toys Our Mission Our Latest Performance State of the Toy Industry Playmates Toys Financial Highlights Our Prospects Growth Drivers 3
Slide 4: About Playmates Toys
About Playmates Toys Founded: 1966 First Group listing: 1984 HKSE#0869 – Playmates Toys Limited A leading manufacturer of promotional toys Create, design, market & distribute branded products worldwide More information – www.playmatestoys.com 4
Slide 5: Our Mission
Our Mission We strive to create superior shareholder value by selectively investing in proprietary and licensed brands and delivering quality, safe, and innovative toys to the consumers while managing costs prudently to maximize operational leverage. 5
Slide 6: Our Latest Performance
Our Latest Performance 6
Slide 7: State of the Toy Industry
State of the Toy Industry Operating Environment in 1H 2014: Continued economic recovery in the US US consumer confidence at highest level since 2008 NPD reported US retail toy $ sales up by about *1% European retail & distribution activities dampened by Crimean crisis Keen competition among action-f
Slide 8: Playmates Toys: 1H 2014 results reflected
Playmates Toys Our 1H 2014 results reflected: Strong initial shipments of TMNT movie products intended for retail sales in 2H 2014 may have skewed normal sales seasonality pattern Higher tooling and marketing & promotional expenses to launch new product segments Expanded distribution territories to
Slide 9: Financial Highlights: Income Statement
Financial Highlights Income Statement HK$ Million 1H 2013 1H 2014 +/-% Revenue 596.2 835.2 40.1 Gross Profit 373.4 517.5 38.6 Marketing (105.0) (152.1) 44.9 Selling & Distribution (19.5) (38.6) 97.9 Administration (48.9) (59.9) 22.6 Operating Profit 200.0 266.9 33.4 Profit before taxation 195.6 263.
Slide 10: Financial Highlights: Balance Sheet
Financial Highlights Balance Sheet HK$ Million 30/06/13 30/06/14 Inventories 42.7 77.6 Trade Receivables 192.2 315.8 Cash & Bank Balances 362.0 630.2 Net Current Assets 374.5 737.6 Net Assets 417.9 777.5 Net Asset per Share (HK$) 0.36 0.65 Gearing Ratio 0.0 0.0 Current Ratio 2.6 3.2 10
Slide 11: Revenue Breakdown by Regions
Revenue Breakdown by Regions 1H 2013 1H 2014 2% 3.6% 0.5% 2.7% 0.4% 6.5% 22.3% 18.1% 61.9% 7.8% 67.3% 6.8% U.S.A. Other Americas Europe Australasia Asia Others 11
Slide 12: Margin Analysis
Margin Analysis 100% Cost of Sales 37.39% 38.04% Marketing 80% Selling & distribution 60% 17.61% 18.21% 3.27% Administration 4.62% 8.20% 7.17% 40% 0.74% 0.36% Others 10.58% 35.39% Income Tax 20% 21.01% Net Profit 0% ‐2.58% 1H 2013 Revenue 1H 2014 Revenue ‐20% HK596.2M HK835.2M 12
Slide 13: Our Prospects
Our Prospects 13
Slide 14: Growth Drivers
Growth Drivers Strong Viacom entertainment pipeline Global distribution coverage Strong Playmates product pipeline 14
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Slide 16: Entertainment Pipeline
Entertainment Pipeline Season 2 of Nickelodeon’s TMNT TV show maintains top ratings Season 3 of TV show to start in Fall 2014 Season 4 confirmed for 2015 Paramount’s TMNT movie began global rollout in August 2014 TMNT movie sequel announced for 2016 16
Slide 17: TMNT Global Distribution Coverage
TMNT Global Distribution Coverage 2014 2013 2012 17
Slide 18: Global Reach
Global Reach TMNT products distribution reached all major markets worldwide China launched in 1H 2014 along with regional rollout of TV show; movie release expected late September Japan launched in 1H 2014 as show premiered on TV Tokyo; movie release in December 18
Slide 19: Product Pipeline
Product Pipeline 19
Slide 20: Product Pipeline
Product Pipeline Continued refreshment and extension of core product categories New TMNT segments to be launched: Half Shell Heroes; Mutations; Die-cast Vehicles, and more… Actively pursuing new opportunities 20
Slide 21: Thank You!
Playmates Toys Limited Thank You!