Pax Global Technology Limited · HKEX:327
Pax Global Technology — FY2022 Earnings Presentation
20 slides from Pax Global Technology's earnings presentation, 2023
Slide 1: PAX Global Technology Limited 2022 annual results
PAX Global Technology Limited (327.HK) 2022 annual results
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 Three-year key achievements 02 FY 2022 results snapshot 03 Key development strategies PAX Global 2022 annual results 3
Slide 4: Three-year key achievements
Three-year key achievements PAX Global 2022 annual results 4
Slide 5: Revenue & net profit boomed
Three-year key achievements Revenue & net profit boomed +64% +103% Revenue* Net profit 2022: HK$ 8,063 M 2022: HK$ 1,268 M (2019: HK$ 4,926 M) (2019: HK$ 625 M) *Note: 2022 revenue level exceeded the three-year target (set in 2020) PAX Global 2022 annual results 5
Slide 6: PAX Android solutions achieved incredible sales growth
Three-year key achievements PAX Android solutions achieved incredible sales growth +311% +438% Android payment terminals SaaS solutions 2022: HK$ 4,438 M 2022: HK$ 86 M (2019: HK$ 1,080 M) (2019: HK$ 16 M) ❑ No. 1 in Europe and North America ❑ MAXSTORE is the largest platform in the industry ❑ Total
Slide 7: PAX spent over HK$1 billion in corporate actions
Three-year key achievements PAX spent over HK$1 billion in corporate actions （HK cents） （Payout ratio) HK$ 1B+ 40 35% 31% 35 30% 27% Dividends & repurchases* 30 25% 21% 25 (FY 2020, FY 2021, FY 2022) 20% 18% 20 15% 15 +260% 10 5 10% 5% Annual dividend 0 0% 2022: 36 HK cents per share 2019 2020 2021
Slide 8: FY 2022 results snapshot
FY 2022 results snapshot PAX Global 2022 annual results 8
Slide 9: Revenue, net profit & proposed final dividend all hit record highs
FY 2022 results snapshot Revenue, net profit & proposed final dividend all hit record highs Revenue +12% HK$ 8,063 M Gross profit Gross profit margin +27% +17% Final dividend HK$ 3,306 M 41.0％ (2021: 39.3%) （proposed） 19 HK cents per share 31% Operating profit Operating profit margin +12% 17.7％ (202
Slide 10: PAX continues the growth momentum in EMEA & USCA
FY 2022 results snapshot PAX continues the growth momentum in EMEA & USCA EMEA (+42%) Europe • Strengthened PAX position in Europe, with the UK, Italy & Germany becoming strong growth drivers for the group HK$ • Gained more market share of A920, A920Pro & IM30 HK$ USCA 1,074 M EMEA 2,662 M The Middl
Slide 11: PAX maintains its market leader position in APAC & LACIS
FY 2022 results snapshot PAX maintains its market leader position in APAC & LACIS APAC (+5%) India • Reached record-high sales • Increased the sales proportion of Android products HK$ HK$ USCA 1,074 M EMEA 2,662 M Japan • Garnered greater customer recognition with growing adoption & certification of
Slide 12: PAX's working capital maintained at a healthy level
FY 2022 results snapshot PAX’s working capital maintained at a healthy level As at 31 December 2022 HK$ '000 yoy Turnover days yoy Inventories 2,527,293 + 22.0% 194 + 19 Trade and bills receivables 2,350,368 + 12.9% 106 + 10 Trade payables 1,699,530 + 1.8% 129 +2 Cash and cash equivalents* 3,160,238
Slide 13: PAX invests in enhancing the supply chain competitiveness
FY 2022 results snapshot PAX invests in enhancing the supply chain competitiveness Contracted Expected CAPEX incurred Projects under construction but not recognised completion (before 2023) (as at 31 Dec 2022) (the earliest) HK$ '000 HK$'000 PAX Smart Terminals Industrial Park (Huizhou) 486,706 64,0
Slide 14: Key development strategies
Key development strategies PAX Global 2022 annual results 14
Slide 15: Key development strategies
Key development strategies PAX invests for future success 1 Develop diversified solutions Key development strategies 2 Expand potential markets PAX Global 2022 annual results 15
Slide 16: PAX focuses on R&D of diversified solutions
Key development strategies PAX focuses on R&D of diversified solutions Terminal products MAXSTORE • Launch a new product line: Commercial POS Elys Series • Expand MAXSTORE ecosystem • Strengthen the Android product portfolio: A910S, A920MAX, • Explore more application scenarios A960 etc. Elys Series
Slide 17: PAX strives to expand potential markets
Key development strategies PAX strives to expand potential markets • Continue to expand market shares in Europe & North America • Strengthen the presence in Asia Pacific, the Middle East & Africa Europe North America The Middle East Africa Asia Pacific PAX Global 2022 annual results 17
Slide 18: Investor relations contacts
Investor relations contacts Calvin Pei – Vice President Corporate Finance & Strategy Mina Pang – Senior Investor Relations Manager Email: ir@pax.com.hk Tel: +852 2500 8510 PAX Global 2022 annual results 18
Slide 19: Consolidated income statement
Appendix – financial summary Consolidated income statement For the year ended 31 December 2022 2021 HK$'000 HK$'000 Revenue 8,062,702 7,195,982 Cost of sales (4,756,561) (4,368,785) Gross profit 3,306,141 2,827,197 Other income 64,915 96,315 Other (losses)/ gains, net (2,178) 50,459 Selling expenses
Slide 20: Consolidated balance sheet
Appendix – financial summary Consolidated balance sheet As at 31 December 2022 2021 HK$'000 HK$'000 Total non-current assets 1,317,315 1,031,172 Property, plant and equipment 769,372 485,527 Right-of-use assets 230,567 282,477 Others 317,376 263,168 Total current assets 8,173,014 7,790,106 Cash and