Slide 1: PAX Global Technology Limited Annual Results 2024
2024 PAX Global Technology Limited Annual results (327.HK)
Slide 2: Disclaimer
Disclaimer The information contained in these presentation materials has been prepared by PAX Global Technology Limited ( “Company” or “PAX”) (incorporated in Bermuda with limited liability) solely for use at the presentation to prospective investors for introduction of the Company. By accepting thi
Slide 3: Agenda
Agenda 01 2024 annual results snapshot 02 Corporate development strategies PAX Global 2024 annual results 3
Slide 4: 2024 annual results snapshot
2024 annual results snapshot PAX Global 2024 annual results 4
Slide 5: PAX achieved profitable performance in 2024
2024 annual results snapshot PAX achieved profitable performance in 2024 47.2% 44.6% 41.4% 41.0% 39.3% 8,063 7,196 6,709 6,045 5,651 Profit for the year 721 HK$ million 904 1,092 1,268 1,165 721 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY Revenue (HK$ million) Profit for the year (HK$ million) Gross pro
Slide 6: PAX emphasizes on creating more shareholder value
2024 annual results snapshot PAX emphasizes on creating more shareholder value Proposed final dividend 30 100% YoY 9% 90% 25 25 cents 80% HK 20 70% per share 60% 15 50% 40% 10 Repurchases 30% 20% 5 10% HK$ 57 million 0 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 0% Interim dividend (HK cents) Proposed f
Slide 7: PAX recorded robust operating cash inflow
2024 annual results snapshot PAX recorded robust operating cash inflow Key non-recurring cash outflows FY 2024 HK$ 558 M Paid dividends & share repurchases Net cash from Net increase operating activities in cash Capital expenditures in HK$ 93 M headquarters & industrial park 1,163 HK$ 69 M Strategic
Slide 8: PAX prudently manages working capital
2024 annual results snapshot PAX prudently manages working capital Trade and bills receivables (YoY -5%) • Delayed customers’ settlement due to the strong US dollar (Turnover days: 163) • Tightened credit management strategy Inventories (YoY -13%) (Turnover days: 220) • Optimized inventory managemen
Slide 9: Other financial items analysis
2024 annual results snapshot Other financial items analysis Gross profit margin • Change in sales mix (YoY +260 bps) • RMB depreciation impact Selling expenses • Increased sales commissions in certain markets (YoY +15%) • Increased advertising and promotional expenses • Increased R&D costs Administr
Slide 10: PAX achieved a more diversified global footprint
2024 annual results snapshot PAX achieved a more diversified global footprint LACIS EMEA (HK$ 1,888 M) (HK$ 2,203 M) • Mexico & Argentina: Increasingly important • Europe: Strong demand for A920Pro contributors • Mexico: Large-scale deployment of A-series Android smart payment terminals 31% 2024 FY
Slide 11: PAX continues to expand the SaaS ecosystem
2024 annual results snapshot PAX continues to expand the SaaS ecosystem 14M+ Connected terminals* SaaS solutions revenue YoY 31% 14K+ 3.7K+ HK$ 138 M Applications* Application developers* *As of 31 Dec 2024 PAX Global 2024 annual results 11
Slide 12: Corporate development strategies
Corporate development strategies PAX Global 2024 annual results 12
Slide 13: Corporate development strategies
Corporate PAX development strategies [-] Strengthen Drive Android Expand Android Deepen global market smart terminal commercial POS SaaS ecosystem presence adoption business development
Slide 14: Strengthen global market presence
Corporate development strategies Strengthen global market presence Adopt specialized approaches to increase market share Markets with strategic value Open markets Drive innovation in smart payment terminals by partnering Introduce cost-effective Cooperate with key local with banks and independent so
Slide 15: Drive Android smart terminal adoption
Corporate development strategies Drive Android smart terminal adoption Increasing Android terminal Increase the value of terminal products by expanding to more business application scenarios sales proportion Retail & catering Hospitality & tourism 63% 59% • Grocery stores • Duty-free stores 55% • z
Slide 16: Expand Android commercial POS business
Corporate development strategies Expand Android commercial POS business Focus on providing commercial IoT solutions for business scenarios such as retail & catering Empowering merchants with Android- based commercial POS systems to reduce the high maintenance costs of traditional commercial POS, imp
Slide 17: Deepen SaaS ecosystem development
Corporate development strategies Deepen SaaS ecosystem development Drive digital business innovation Establish a Enhance Strengthen the universal Support smart & competitive moat of value-added management traditional payment Saas ecosystem with services terminals, commercial self-developed & platfor
Slide 18: Investor relations contacts
Investor relations contacts Calvin Pei – Vice President Corporate Finance & Strategy Mina Pang – Senior Investor Relations Manager Email: ir@pax.com.hk Tel: +852 2500 8510 PAX Global 2024 annual results 18
Slide 19: PAX is included in the key market indexes
Appendix – market indexes PAX is included in the key market indexes MSCI Hong Kong Small Cap Index Hang Seng Sub-indexes Market-Cap Composite Industry Index - Composite MidCap & Composite SmallCap weighted Information Technology SmallCap Index Index indexes Sector Information Technology SCHK Informa
Slide 20: Consolidated income statement
Appendix – financial summary Consolidated income statement For the year ended 31 December 2024 2023 HK#039;000 HK#039;000 Revenue 6,044,878 6,709,324 Cost of sales (3,191,489) (3,715,323) Gross profit 2,853,389 2,994,001 Other income 85,372 95,126 Other gains, net 861 12,620 Selling expenses (772,428) (67
Slide 21: Consolidated balance sheet
Appendix – financial summary Consolidated balance sheet As at 31 December 2024 2023 HK#039;000 HK#039;000 Total non-current assets 1,523,386 1,522,108 Property, plant and equipment 939,396 950,811 Right-of-use assets 207,281 239,374 Others 376,709 331,923 Total current assets 7,646,119 7,553,221 Cash and
Slide 22: Working capital summary
Appendix – financial summary Working capital summary At 31 Dec 2024 At 31 Dec 2023 HK$ ‘000 HK$ ‘000 Inventories 1,587,039 1,826,091 Trade and bills receivables 2,543,884 2,679,525 Trade payables 937,211 888,621 Cash and cash equivalents* 3,083,598 2,863,597 Turnover days Inventories 220 236 Trade a