Slide 1: 1H 2024 Results Presentation
1H 2024 Results Presentation DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 2: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 3: 1H 2024 Results
1H 2024 Results Outlook Performance Review Order Book Interim Dividend Key Developments DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 4: Performance Review
Performance Review DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 5: 1H 2024 Financial Highlights
Performance Review 1H 2024 Financial Highlights ▪ Delivered strong 1H net profit of $46.7 M ▪ Achieved 1H basic EPS of 6.04 cents1 ▪ Declared interim tax-exempt cash dividend of 5 cents a share2 ▪ Healthy net cash position of $274.1 M as at 30 June 20243 ▪ NAV per share of 46 cents as at 30 June 202
Slide 6: Higher 2Q 2024 Revenue
Performance Review Higher 2Q 2024 Revenue +7.8% Y-o-Y 244.6 ▪ 2Q 2024 revenue increased by 7.8% 227 +90.2% yoy to $244.6 million and Q-o-Q contributed about 66% of 1H 2024 Revenue 34% revenue. $373.2 M 128.6 1Q 2024 ▪ 1H 2024 revenue was $373.2 million, 66% 2Q 2024 down 4% yoy. Heavy snowstorms in C
Slide 7: Achieved Higher Profitability in 1H 2024
Performance Review Achieved Higher Profitability in 1H 2024 Profit ($ Million) Profit Margin (%) Basic EPS (cents) 59.9 55.0 55.7 54.6 50.4 51.0 6.04 46.7 5.55 5.56 42.8 42.9 16.1% 15.1% 14.3% 14.6% 13.8% 13.1% 12.5% 11.8% 11% Weighted average number of 771,952,945 shares were used for the computati
Slide 8: 1H 2024 Financial Performance Summary
Performance Review 1H 2024 Financial Performance Summary $ Million 1H 2024 1H 2023 % Change Revenue 373.2 388.6 (4.0) EBITDA 59.9 55.7 7.5 Profit Before Tax 54.6 51.0 7.0 PBT Margin (%) 14.6 13.1 150bps 8.7% Income Tax Expense (7.9) (8.1) (2.3) Net Profit Effective Tax Rate (%) 14.5 15.9 (140bps) In
Slide 9: 2Q 2024 Financial Performance Summary
Performance Review 2Q 2024 Financial $ Million 2Q 2024 2Q 2023 % Change Performance Summary Revenue 244.6 227.0 7.8 EBITDA 38.4 38.1 0.8 Profit Before Tax 35.7 35.5 0.6 PBT Margin (%) 14.6 15.6 (100bps) 4.4% Income Tax Expense (4.9) (6.0) (18.3) Net Profit Effective Tax Rate (%) 13.7 16.9 (320bps) I
Slide 10: Higher Net Cash, Working Capital and NAV Per Share
Performance Review Higher Net Cash, Working Capital and NAV Per Share Net Cash 274.1 Working Capital Net Asset Value / Share ($ Million) ($ Million) (Cents) 334.0 249.8 324.3 45 46 As at 31 Dec 2023 As at 30 Jun 2024 As at 31 Dec 2023 As at 30 Jun 2024 As at 31 Dec 2023 As at 30 Jun 2024 (1) 771,952
Slide 11: Balance Sheet Summary as at 30 June 2024
Performance Review ($ Million) 30 June 2024 31 December 2023 Balance Sheet Summary Cash & Bank Balances 279.0 231.4 as at 30 June 2024 Short-term Investments 14.9 40.6 Lease Liabilities (3.9) (4.9) Total Bank Borrowings (15.9) (17.3) Net Cash 274.1 249.8 274 Current Assets 615.0 551.5 $ Current Liab
Slide 12: Interim Dividend
Interim Dividend DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 13: Declared Interim One-Tier Tax-Exempt Cash Dividend of 5 cents a Share
1H 2024 Dividend Declared Interim One-Tier Tax-Exempt Cash Dividend of 5 cents a Share Interim Dividend Per Share (Cents) Interim Dividend Payout Ratio % ▪ Consistently delivers dividend pay-out that is above the 30% 83 target pay-out ratio +66.7% 5.0 Y-o-Y ▪ 1H 2024 interim dividend totalling $38.6
Slide 14: Key Developments
Key Developments DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 15: Growing Competencies in R&D, Technologies & Manufacturing
1H 2024 Key Developments Growing Competencies in R&D, Technologies & Manufacturing ▪ Increased R&D headcount by 11% to enhance R&D capabilities ▪ Implemented Manufacturing Execution System to automate better workflow at SMT lines to improve operational efficiency, production yield and product qualit
Slide 16: Setting up of Plastic Injection Machines in Malaysia facility
1H 2024 Key Developments Setting up of Plastic Injection Machines in Malaysia facility ▪ Commenced the setting up of plastic injection machines at the Pasir Gudang plant in Johor, Malaysia to expand its offerings ▪ Completion is expected in 3Q 2024 with mass production to start from 4Q 2024 ▪ Positi
Slide 17: New Product Activities from New & Existing Customers
1H 2024 Key Developments New Product Activities from New & Existing Customers ▪ 3 products from health-tech and consumer segments successfully entered commercial production ▪ There are 5 new products in the communication, consumer and health-tech segments scheduled to achieve commercial production b
Slide 18: Order Book
Order Book DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 19: Order Book Update
Order Book Order Book Update ▪ Secured an order book of $304.4 million as at 30 July 2024 ▪ Majority of the order book is scheduled for completion in the current financial year DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 20: Awards & Accolades
Awards & Accolades DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 21: Achieved 3 Accolades during 1H 2024
Awards & Accolades Achieved 3 Accolades during 1H 2024 Fortune Singapore’s Fastest Growing Companies 2024 Asia Pacific High Growth Companies 2024 Southeast Asia 500 by the Straits Times by the Financial Times DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 22: Outlook
Outlook DELIGHTING PEOPLE WITH SMARTER SOLUTIONS
Slide 23: Outlook
Outlook The Group is cautious about economic prospects and inflationary cost pressure for the rest of the year1 due to trade and geopolitical tensions as well as increased competition. It will continue to leverage: ▪ strong balance sheet and healthy net cash position to build its capabilities; ▪ cus
Slide 24: Thank You
Thank You DELIGHTING PEOPLE WITH SMARTER SOLUTIONS