14 slides from Willas-array Electronics (holdings)'s earnings presentation, Nov 18, 2014
Slide 1: Interim Results Briefing - First 6 Months Ended 30 Sep 2014
Interim Results Briefing First 6 Months Ended 30 Sep 2014 18 Nov 2014
Slide 2: Contents
Contents • Results Highlights • Business Review 2
Slide 3: Results Highlights
Results Highlights July 20093
Slide 4: Profit And Loss
Profit And Loss HK$’M 1H FY 15 1H FY 14 % Change Turnover 1,779.4 1,629.0 9.2% EBITDA 30.4 44.2 (31.3%) Depreciation & Amortization (6.0) (5.8) 3.2% Finance costs (8.1) (7.9) 2.5% Profit before tax 16.2 30.5 (46.7%) Income tax expense (5.1) (9.1) (43.2%) Profit after tax 11.1 21.4 (48.2%) Minority i
Slide 5: Inventory Level
Inventory Level In HK$’M 700 590 592 572 592 * 600 481 * 463 500 448 437 446 446 * 446 468 404 400 300 200 100 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 13 * 13 13 13 14 14 14 * 14 14 14 14 14 14 * * Excluding Goods-in-Transit 5
Slide 6: Inventory Turnover Ratio
Inventory Turnover Ratio No. of days 80 66 68 67 70 64 64 59 58 60 60 53 56 55 49 52 50 40 30 20 10 0 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep 13 13 13 13 14 14 14 14 14 14 14 14 14 6
Slide 7: Net Cash Per Share
Net Cash Per Share HK Cents 100 91.5 80 61.5 60 44.6 38.9 40 30.6 20 0 Mar 11 Mar 12 Mar 13 Mar 14 Sep 14 Net Cash: Cash and bank balances less bank borrowings 7
Slide 8: Business Review
LHe Fle F (A) SBR A Al Willas-Array Electronics (Holdings) Limited WILLAS-ARRAY™ X 8
Slide 9: Business Review
Business Review 1. Market Update 1.1. Home Appliance 1.2. Mobile Phone 1.3. Automotive 2. Segment Analysis 9
Slide 10: 1.1. Home Appliance
1.1. Home Appliance China has become one of world's biggest home appliance markets, and Chinese consumers have greater demand for high-end products. As much as 80% of home appliances sold in China in the first half of 2014 were domestic brands. Combined sales of home appliances in China may reac
Slide 11: 1.2. Mobile Phone
1.2. Mobile Phone According to data from IDC, China’s 4G smartphone shipments reached about 35 million units in H12014, versus the yearly forecast of 72.4 million units by IHS in the beginning of 2014. This is still lower than the industry expectation. With the availability of more 4G models in Q4
Slide 12: 1.3. Automotive
1.3. Automotive By July 2014, the China Association of Automobile Manufacturers [CAAM] had forecast that the market will expand 8.3% in 2014, slowing from the 13.9% yoy growth in 2013. In September 2014, total vehicle sales rose 2.5% from a year earlier to 1.98 million units. That was the slowes
Slide 13: Segments Analysis
2. Segments Analysis (in HK#039;000) Apr - Sep 2014 Apr - Sep 2013 Increase (Decrease) Turnover % % % Industrial 421,521 23.7% 416,104 25.5% 5,417 1.3% Telecommunications 299,981 16.9% 205,113 12.6% 94,868 46.3% Home Appliance 278,463 15.6% 192,388 11.8% 86,075 44.7% Dealer 260,235 14.6% 250,224 15.4%
Slide 14: Thank You!
LHe Fle F (A) SBR A Al Willas-Array Electronics (Holdings) Limited / WILLAS-ARRAY™