AEM Holdings Ltd. · SGX:AWX
AEM — Q2 2019 Earnings Presentation
17 slides from AEM's earnings presentation, August 2019
Slide 1: 2Q2019 Results Presentation
2Q2019 Results Presentation AEM Holdings Ltd | August 2019
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to the current activities of AEM Holdings Ltd (“AEM”). It is given in summary form and does not purport to be complete. In addition, the presentation may contain forward- looking statements relating to financial trends for future peri
Slide 3: Corporate Profile
Corporate Profile Global Provider of Equipment Systems Solutions and Manufacturing Services Listed on SGX Revenue Profit Before Tax Market Cap 2017 : S$221.6m 2017 : S$37.5m ~S$300m 2018 : S$262.3m 2018 : S$40.0m AEM Holdings Limited 2019: Guidance of (AWX.SI) S$265m - S$280m 3
Slide 4: 2Q2019 Financial Highlights
2Q2019 Financial Highlights AEM’s Record Quarter Revenue PBT PBT Margin PAT Interim Dividend 2Q19: S$97.9m 2Q19: S$19.0m 2Q19: 19.4% 2Q19: S$15.7m 2Q19: 2.0 SGP cents S$25.3m S$7.5m 350 basis S$6.2m 34.8% 64.8% points 65.4% 0.5 SGP cent 2Q18: S$72.7m 2Q18: S$11.5m 2Q18: 15.9% 2Q18: S$9.5m 2Q18: 1.5
Slide 5: 2Q2019 Financial Performance
2Q2019 Financial Performance S$’M Revenue (Half-yearly) S$’M 200.0 150.0 Revenue (Quarterly) Consumables & Services Tools & Machines Consumables & Services Tools & Machines 150.6 97.9 150.0 138.3 124.0 100.0 67.1 (45%) 72.7 69.6 (51%) 100.0 52.6 (42%) 52.7 49.8 (51%) 50.0 36.7 (51%) 17.3 (33%) 50.0
Slide 6: Profit & Loss Highlights
Profit & Loss Highlights Qtr year-on-year Qtr sequential YTD year-on-year FY19 ($'000) 2Q2019 2Q2018 Change % 1Q2019 Change % 1H2019 1H2018 Change % Guidance Revenue 97,919 72,658 34.8% 52,716 85.7% 150,635 138,309 8.9% 265M - 280M Material margin 35,147 22,870 53.7% 20,157 74.4% 55,304 45,310 22.1%
Slide 7: Financial Position Highlights
Financial Position Highlights ($'000) 30-Jun-19 31-Dec-18 30-Jun-18 Property, plant and equipment 5,651 5,725 4,663 Right of use assets 3,056 - - Intangible assets and goodwill 17,380 17,717 15,811 Cash and cash equivalents 57,371 58,890 46,271 Current assets less current liabilities 80,241 65,112 5
Slide 8: Cash and Cash Flow
Cash and Cash Flow S$'M 25.0 20.0 16.0 15.0 10.0 5.0 2.4 - -5.0 -4.4 -3.6 -10.0 -15.0 -20.0 S$'M -25.0 3Q2018 4Q2018 1Q2019 2Q2019 Dividends -4.0 - - -5.1 Share buy back -0.7 -0.1 -0.2 -1.0 Capex -2.9 -1.0 -0.9 -0.5 Operating profit 14.9 6.7 9.6 20.5 Changes in working capital and tax -11.7 10.4 -11
Slide 9: Business & Operational Updates
Business & Operational Updates
Slide 10: Plans and outlook for 2019
Plans and outlook for 2019 Our business is on a solid footing as our investments continue to pay off 1 HDMT platform is in full commercial deployment - expect occasional quarterly burst demand • Continue to see orders for HDMT in 2019 • Dependent on customer replacement of older generation equipment
Slide 11: Introducing AEM in trade shows
Introducing AEM in trade shows Semicon West: (San Francisco) • Large presence for us to create brand awareness • Marketed AMPS Solution • Displayed AEM family of solutions (Afore, TMS, SLTi) 11
Slide 12: What is AEM solving?
What is AEM solving? Data Centricity -> massive speed connectivity of sensors and data storage with complex processors on the edge and cloud to deliver productivity in the form of Artificial Intelligence and Autonomous Machines Parts per billion assurance on a systems level Without exponentially inc
Slide 13: TMS Business Updates
TMS Business Updates • Revenue in 2Q19 was above S$1M, more than FY2018. • A few fiber cable test systems have been shipped and accepted by a key customer. • Looking to expand the fiber cable test solutions with global customers and their suppliers. 13
Slide 14: Afore Received Order From A Major German Sensor Manufacturer
Afore Received Order From A Major German Sensor Manufacturer • Successfully received an order from a major German sensor supplier in the automotive and consumer industries for an Aiolos system. • Aiolos system AIOLOS is a versatile, high throughput and fully automated wafer probe station which allow
Slide 15: Focus on commercial development for Handler extensions, SLTi, TMS and MEMS
Focus on commercial development for Handler extensions, SLTi, TMS and MEMS Current generation of test handlers expected to hit maturity in 2019. Earnings will be driven by new handler platforms, consumables, new account programs, and new business units from 2019 and beyond 2017 2018 2019 • Strong gr
Slide 16: Summary
Summary Proven ability to innovate and deliver solutions on the global stage Strategic relationship with one of the world’s largest semiconductor companies for >18 years in developing and manufacturing leading –edge test handlers and consumables Strong financial position Low debt and capital expendi
Slide 17: Thank You
Thank You Investor relations contact : Financial PR Pte Ltd Romil SINGH / Reyna Mei Tel: 6438 2990 / Fax: 6438 0064 E-mail: romil@financialpr.com.sg / reyna@financialpr.com.sg