Ge-shen Corp. Bhd. · MYX:GESHEN
Ge-shen Corp. Bhd — Q4 FY2021 Earnings Presentation
29 slides from Ge-shen Corp. Bhd's earnings presentation, Feb 28, 2022
Slide 1: Ge-Shen Corporation Berhad: Corporate Profile & Q4FYE2021 Results
GE-SHEN CORPORATION BERHAD Corporate Profile & Q4FYE2021 Results 28 February 2022 “Globally recognized engineering & manufacturing solutions provider” in collaboration with
Slide 2: Table Of Contents
Table Of Contents Page 1 Company Overview 4 2 Business Overview 9 4 Financial Overview 15 5 Key Investment Highlights 23 6 Moving Forward 25 7 Stock Information 27 2
Slide 3: Disclaimer
DISCLAIMER Information contained in our presentation is intended solely for your personal reference and is strictly confidential. It is not intended to form the basis of any investment decision or any decision to purchase any securities or any decision to participate in the process. It does not cons
Slide 4: Company Overview
COMPANY OVERVIEW 4
Slide 5: Company Snapshot
COMPANY OVERVIEW Company Snapshot Headquartered in Kuala Lumpur, Malaysia with a combined workforce Specializes in design, development Listed since 2004 on the Main of over 1,500 staff across: and technology-driven Market of Bursa Malaysia Securities • 4 factories located in Malaysia manufacturing,
Slide 6: Key Milestones
Polyplas Sdn Bhd was incorporated Ge-Shen Plastic (M) Sdn Bhd was incorporated Demand Options Sdn Bhd Ezec Technology (M) Sdn Bhd was incorporated was incorporated with KEY ‘Pioneer Status’ Ge-Shen Corporation Berhad MILESTONES was incorporated Listed on Bursa Malaysia Ge-Shen (Vietnam) Co Ltd was i
Slide 7: Corporate Structure
CORPORATE STRUCTURE 100% 7
Slide 8: Board of Directors
BOARD OF DIRECTORS CHEW HOY PING CHAN CHOONG KONG LOUIS LAU PUONG KIET (Independent Non-Executive Chairman) (Managing Director) (Executive Director) SURESH A/L THIRUGNANAM TEE BOON HIN NOOR AIEDA BINTI AHMAD (Independent Non-Executive Director) (Independent Non-Executive Director) (Independent Non-E
Slide 9: Business Overview
BUSINESS OVERVIEW 9
Slide 10: What We Do
WHAT WE DO Injection Moulding Metal Fabrication OUR FOCUS WE PROVIDE Surface Finishing ➢ engineering & (Printing, To bring customers’ ideas to life. Painting etc) manufacturing Our well-engineered manufacturing solutions Components solutions are critical for smooth Assembly delivery of products to t
Slide 11: Our Locations
OUR LOCATIONS No. of machines: 50 (Injection Moulding – 40 to 1100 tonnes) No. of machines: 65 Capabilities: (Injection Moulding Hai Duong, Vietnam Plastic Moulding, Toolroom, – 25 to 1100 tonnes) Injection Moulding Spray painting, Printing and Factory Assembly Capabilities: Penang, Malaysia Plastic
Slide 12: Our Industry Coverage
OUR INDUSTRY COVERAGE Products and components manufactured include:- HOME & LIFESTYLE HOME & OFFICE MEDICAL, INDUSTRIAL LIFESTYLE AUTOMATION LIFE AUDIO & DATA SCIENCES & STORAGE DENTAL • Fan • Testing equipment • Bar code machines • Hearing Devices • Audio units front • Vacuum cleaner • 3D Printers
Slide 13: Our Capabilities
OUR CAPABILITIES DESIGN ENGINEERING SUPPLY CHAIN AND MOULD & TOOL LIQUID SILICONE PLASTIC INJECTION CNC MACHINING SERVICES PROJECT MANAGEMENT FABRICATION RUBBER MOULDING nay U | a ieee * Tool and mould designs * Competitive sourcing + 2K injection mould + Food grade silicone rubber ‘© Thermal cyclin
Slide 14: Certification & Sustainability
CERTIFICATION & SUSTAINABILITY ISO 9001: Quality Management Systems Underwriters Laboratories ISO 14001: Environmental Management Systems OHSAS 18001: Occupational Health and Safety Management Certification ISO/TS 16949: Automotive Products QMS ISO 13485: Medical Devices QMS Ge-Shen adopts a United
Slide 15: Financial Overview
FINANCIAL OVERVIEW 15
Slide 16: Group Revenue 2021
Revenue is based on shipment destination. All our sites are “Licensed Manufacturing Warehouse” (LMW) GROUP REVENUE 2021 in Malaysia & “Export Processing Enterprise” (EPE) in Vietnam - hence we are not required to charge sales tax. BY SECTOR TOTAL REVENUE: BY REGION 8% 3% 7% RM 239.8 Mil 46% 6% 20% E
Slide 17: Annual Performance FY2018-2021
FINANCIAL OVERVIEW Annual Performance FY2018-2021 RM (Mil) 239.8 202.3 195.8 159.0 13.1 4.5 2.1 FY2018 FY2019 -8.7 FY2020 FY2021 Revenue PATAMI • Ge-Shen Corporation recorded RM239.8 million in revenue in FYE2021, representing an increase of 22.5% from RM195.8 million in the preceding financial year
Slide 18: Q4FY2021 Revenue and Geographical Segmental Breakdown
FINANCIAL OVERVIEW Q4FY2021 Revenue and Geographical Segmental Breakdown Revenue dip in Q4FYE 2021 primarily attributed to: Revenue (RM Mil) i. supply chain disruptions e.g semiconductors, special grade of plastic resins and steel; and ii. labour shortage – depletion of foreign worker from Malaysia.
Slide 19: Q4FY2021 PBT, PAT and PATAMI
FINANCIAL OVERVIEW Q4FY2021 PBT, PAT and PATAMI Profit Before Tax (RM Mil) Profit After Tax (RM Mil) Profit After Tax and Minority Interest (RM Mil) 15.5 13.9 13.1 4.6 5.2 5.7 4.4 2.1 5.4 1.3 4.4 2.1 -10.0 -10.0 -10.0 Q42020 Q42021 FY2020 FY2021 Q42020 Q42021 FY2020 FY2021 Q42020 Q42021 FY2020 FY202
Slide 20: Quarterly Performance FY2019-FY2021
FINANCIAL OVERVIEW Quarterly Performance FY2019-FY2021 RM (Mil) 70.5 65.1 65.6 9% 57.3 6% 57.9 6% 4% 51.2 44.2 4% 3% 42.1 2% 38.5 37.5 -2% 30.5 -5% -5% 4.4 3.7 5.4 -13% 2.2 2.7 1.4 0.5 -1.9 -1.0 -2.2 -4.9 Q2FY2019 Q3FY2019 Q4FY2019 Q1FY2020 Q2FY2020 Q3FY2020 Q4FY2020 Q1FY2021 Q2FY2021 Q3FY2021 Q4FY2
Slide 21: Annual Financial Position 2019-2021
FINANCIAL OVERVIEW Annual Financial Position 2019-2021 (RM’000) 2019 2020 2021 Assets Total Tangible Assets 204,174 221,500 211,248 Net Assets 98,873 100,042 118,592 Current Assets 76,357 97,142 114,193 Liabilities and Shareholders’ Funds Current Liabilities 80,024 100,472 103,988 Paid-up Share Capi
Slide 22: As at December 2021
FINANCIAL OVERVIEW As at 31 December 2021 RM 274.7M RM 118.5M Total Assets Total Equity RM 6.5M Cash and Bank Balances RM 1.03 RM 156.2M Net Assets Per Share Total Liabilities 1.10x Current Ratio 0.80x RM 94.5M Gross Gearing Total Ratio Borrowings 0.71x Net Gearing Ratio 22
Slide 23: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS 23
Slide 24: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Diversified product offering with strong order demand • Provider of wide range of products from metal fabrication to injection moulding and surface finishing. • Strong order demand with constant engagement in the manufacturing process to cater to customers’ unique requireme
Slide 25: Moving Forward
MOVING FORWARD 25
Slide 26: Future Prospects and M&A Opportunities
MOVING FORWARD Future Prospects • The successful rollout of the vaccination programme has brought about slow movement towards pre-pandemic normality. However, Ge-Shen is cautious on the persistent issue affecting manufacturers which include labour shortages and supply chain shortages for components
Slide 27: Stock Information
STOCK INFORMATION nf GE- SHEN 1)
Slide 28: Stock Information
STOCK INFORMATION Stock Quote GSCB:MK Stock Number 7197 Market Cap (RM Million) 130.92 Shares Outstanding (Million) 110.02 52-Week Range (High) 2.38 52-Week Range (Low) 1.02 30-Day Average Volume 63,797 Substantial Shareholders Interest % CIMSEC Nominees (Tempatan) Sdn Bhd CIMB for Pelita Niagamas S
Slide 29: Thank You!
THANK YOU! 13-05 Menara MBMR, No. 1 Jalan Syed Putra, 58000 Kuala Lumpur, Malaysia 29
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