Scientex Bhd. · MYX:SCIENTX
Scientex Bhd — 1H FY2020 Earnings Presentation
21 slides from Scientex Bhd's earnings presentation, Mar 11, 2020
Slide 1: Powered by Twin Engines: 1H20 Corporate Update & Financial Results
(Company No.: 7867-P) Powered by Twin Engines Corporate Presentation 1H20 Corporate Update & Financial Results 11 March 2020 IR Adviser
Slide 2: Financial Performance
Powered by Twin Engines FINANCIAL PERFORMANCE
Slide 3: Revenue Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 21.0% topline growth on stronger contributions from manufacturing and property divisions… ❖ 1H20 manufacturing revenue increased 16.9% from Revenue higher sales volume and contribution from newly by segment acquired
Slide 4: Profit Performance
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix 1H20 operating profit outpaced revenue growth on higher sales in both segments and favourable manufacturing product mix… ❖ Stronger growth in 1H20 operating profit due to: Operating profit ❖ Favourable sales mix and
Slide 5: Cash Flow
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Healthy operating cash flow despite funding expansion plans including CAPEX for machinery and landbank for future growth... Net cash used Net cash from operations in investing activities RM’m 1H19 1H20 557 380 392 34
Slide 6: Income Statement Summary
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Strong 2Q20 with double-digit growth recorded across both topline and bottomline… 2Q20 2Q19 Change RM'mil 1H20 1H19 Change Remarks 914.4 766.6 19.3% Revenue 1,791.7 1,480.2 21.0% 140.8 103.9 35.5% Operating Profit 25
Slide 7: Balance Sheet (Highlights)
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Strong operational cashflow to fund future expansion plans… As at As at Balance Sheet (RM ‘000) Remarks 31.01.2020 31.7.2019 Property, Plant & Equipment 1,287,484 1,247,750 Investment Property & Other Investments 41,
Slide 8: Manufacturing Review
Powered by Twin Engines MANUFACTURING REVIEW
Slide 9: Segment Performance: Manufacturing
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Exports the larger proportion although domestic sales growing quicker due to converting businesses…Better product mix boosts manufacturing profitability Revenue Operating Operating Profit Revenue Profit Operating Pro
Slide 10: Growth Plans: Manufacturing
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Constant revenue growth proves the success of expansion plans… Revenue Operating Profit (Quarterly) (Quarterly) 379.7 411.9 442.8 435.3 469.1 456.4 452.1 527.0 575.8 549.0 602.8 630.3 655.9 659.4 23.8 30.2 25.2 34.7
Slide 11: Growth Plans: Manufacturing
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Focusing on building our fundamentals to drive growth… E c o n o m i c E n g i n e EXPANDING INCREASING VALUE-ADDED GOING CAPACITY CAPABILITES PRODUCTS DOWNSTREAM • Increasing economies of • Continu
Slide 12: Growth Strategies: Manufacturing
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Capacity expansions complemented with continuous efficiency enhancements and greater innovation…sustainable properties a key advantage of FPP Growth supported by 19 manufacturing Efficiency Driven O
Slide 13: Property Development Review
Powered by Twin Engines PROPERTY DEVELOPMENT REVIEW
Slide 14: Segment Performance: Property Development
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Continuing to capitalise on steady demand for affordably-priced homes… Revenue Operating Profit Operating Profit (Annual) Operating Margin (Annual) RM447.5m GDV RM’m RM’m 1H20 new property launches 34.0% 32.4% yoy •
Slide 15: Operations Review: Property Development
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Maiden launch in Pulai 2 further solidifies Scientex’s status as a leading developer of affordable homes… Lot selection event Adjacent to the existing flagship project Taman Pulai Mutiara • Launched in December 2019
Slide 16: Growth Plans: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix Continuously consolidating presence across multiple states to further solidify reputation as a reliable property developer… Land acquisitions in 2019 Location: Penang (Tasek Gelugor) Enlarged develo
Slide 17: Growth Strategies: Property Development
Operations Review Growth Strategies Growth Strategies Financial Highlights Investment Merits Appendix A focus on developing affordable homes to stand out amongst other property developers… Vision 2028 Growth Strategies ❖ To deliver 50,000 affordable ❖ Continue cost optimization homes to the public b
Slide 18: Investment Merits
Powered by Twin Engines INVESTMENT MERITS
Slide 19: Investment Merits
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix A high-growth proposition all-round... attractive proxy to the burgeoning packaging sector and Malaysia’s affordable property market Regional leader in total solutions for packaging •Among top producers of FPP in the
Slide 20: Dividend History
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Final dividend of 10 sen per share in respect of FY2019 paid on 10 January 2020… RM’m Dividend History 74.0% 49.2% 48.0% 49.8% 52.1% 36.6% 36.1% 35.9% 31.4% 28.7% 28.8% 32.1% 33.4% 31.7% 30.7% 30.2% 33.7% 30.9% 26.6%
Slide 21: Thank You
Powered by Twin Engines Thank You Contacts: • Ms. Choo Pooi Luen plchoo@scientex.com.my T: 03-5524 8888/03-5519 1325 • Ms. Julia Pong julia@aquilas.com.my T: 03-2711 1391