Evergreen Fibreboard Bhd. · MYX:EVERGRN
Evergreen Fibreboard Bhd — Shareholder Meeting (May 2017)
11 slides from Evergreen Fibreboard Bhd's shareholder meeting presentation, May 2017
Slide 1: Question 1: Chairman's Statement and MD&A - restructuring cost savings
Question 1 Chairman’s Statement And Management’s Discussion & Analysis (pages 22-27 of the Annual Report 2016) a) During the financial year, the restructuring programme on the Group’s wood products plant, Craft Master Timber Products Sdn. Bhd. had enabled it to reduce losses. The Group foresees a tu
Slide 2: Costs associated with the restructuring
ii) What are the costs associated with it? Answer: There are no other cost incurred aside from those reported in 1) a (i) above as the restructuring CMPT was focus to cut off losses derived from production operations. We have now leased out part of the assets and receiving a fix lease income that is
Slide 3: Production volume and FY2017 targets
b) The Group has already established its markets in Europe, Australia and Japan for its Ready to Assemble Furniture products and China for its Solid Wood Furniture, aiming to increase its production volume in order to gain more market share in these markets and at the same time penetrate into potent
Slide 4: European market share and challenges
ii) With regard to the market share, we noted that Europe had only contributed 5% to the Group’s total market share. What would be the targeted (in terms of percentage) market share from Europe moving forward? Answer: Europe constituted 3% of the Group’s total turnover in 2016. Out of the 3%, 2% con
Slide 5: New markets and FY2017 operational improvements
iv) What other markets that the Group is planning to penetrate into? Answer: In respect of RTA, the Group is currently focusing on increasing its market share in our existing markets and plans to penetrate into the US market with higher end products. c) In terms of operation, what are other improvem
Slide 6: Particle Board Line features and capacity
d) With the introduction of the state-of-the-art technology Particle Board Line, the Group would focus on penetrating its local market and China’s niche market in order to have a higher profit margin. i) Please share with shareholders on the special features of the state-of-the-art technology Partic
Slide 7: Local and China market targets; premium product orders
iii) In terms of market share, how many percent of the local and China’s niche markets are being targeted by the Company? Please brief on the China’s niche market and the challenges. Answer: In the initial stage of operations, PB will be supplied mainly to the local market which has a shortage of PB
Slide 8: Key performance areas and FY2017 financial targets
f) What are the key performance areas and financial targets that have been set by the Group for FY2017 and forward? Answer: The Group Key Performance Areas for 2017 is on increasing Quality Control, Cost Control, Reduction of inventory holding, penetrating new markets and higher financial targets ha
Slide 9: Question 2: Trade receivables
Question 2 Trade receivables (Amount past due and impairment) The Group’s trade receivables that are more than 120 days past due but not impaired had increased significantly by more than 100% from RM197.8k in FY2015 to RM1.3 million in FY2016. The Group had also impaired RM124k of the receivables at
Slide 10: Question 3: Corporate Governance
Question 3 Corporate Governance Request :- We noted that there is no resolution pertaining to approval of payment of directors’ other benefits pursuant to Section 230 (1) of the Companies Act 2016. Does it mean that during FY2017, no allowances or benefits-in-kind or any other benefits would be paid
Slide 11: Thank You
THANK YOU
Evergreen Fibreboard — Shareholder Meeting (May 2017) on 6ix