Wuxi Apptec Co., Ltd. Class A · SSE:603259
Wuxi Apptec Co., Ltd. Class A — Investor Day (2024)
10 slides from Wuxi Apptec Co., Ltd. Class A's investor day presentation, 2024
Slide 1: CRDMO: Driving Sustainable Financial Strength
2 0 2 4 W u X i A p p Te c I n v e s t o r D a y CRDMO: Driving Sustainable Financial Strength Florence Shi Chief Financial Officer 1 603259.SH / 2359.HK
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain certain statements that are or may be forward looking, which can be recognized by the use of words such as “expects”, “plans”, “will”, “estimates”, “projects”, “intends”, or words of similar meaning. Such forward-looking statements are not his
Slide 3: CRDMO: Navigating Through Cycles and Expanding Competitive Edge
CRDMO: Navigating Through Cycles and Expanding Competitive Edge +3.4 Bn Biotech Funding 2) 2016 2017 2018 2019 2020 2021 2022 2023 1H’24 WuXi AppTec Revenue 5 China Competitors Revenue 1) 1) 5 Top China Competitors in CRO & CDMO segment, same definition in the following pages. 3 2) Biotech Funding d
Slide 4: CRDMO: Boosting D&M Orders and Enhancing Future Growth Visibility
CRDMO: Boosting D&M Orders and Enhancing Future Growth Visibility 37% CAGR in Backlog Orders, D&M’s 55% Surge 2X “R” Orders Amplifies 11X “D&M” Orders (RMB in Bn) 43.1 35.2 32.8 29.1 31.6 15.9 12.0 7.8 2.8 2018 2019 2020 2021 2022 2023 1H’24 D&M COVID Backlog D&M Non-COVID Backlog R & WuXi ATU Backl
Slide 5: CRDMO: Driving Organizational Agility and Operational Efficiency
CRDMO: Driving Organizational Agility and Operational Efficiency Technological Advancements and R&D Project Transition to Large Scale Production: Nearly Doubling Per Capita Output Over Five Years 981 +81% (RMB in ‘000) 542 2018 2019 2020 2021 2022 2023 WuXi AppTec Per Capita Output 1) 5 1) Per Capit
Slide 6: CRDMO: Delivering Industry Insights for Optimal Capacity Planning
CRDMO: Delivering Industry Insights for Optimal Capacity Planning to Seize High-Value Opportunities Adj. Non-IFRS GP% @ CER1) 41% 41% 41% 40% 42% 42% Stable 40 35 30 25 D&M CAPEX Spending Portion 20 Increased from 28% to ~80% 15 10 5 0 2018 2019 2020 2021 2022 2023 2024E Established CRDMO base Focus
Slide 7: CRDMO: Enhancing Profitability Through Platform Advantages
CRDMO: Enhancing Profitability Through Platform Advantages Adj. Non-IFRS NI% 18% 18% 22% 22% 24% 27% Stable (RMB in Bn) Estimated 6 Years Growth CAGR +35% 10.9 9.4 5.1 3.6 2.3 1.7 Adj. Non-IFRS NI 2018 2019 2020 2021 2022 2023 2024E 7
Slide 8: CRDMO: Generating Sustained and Substantial Cash Flow
CRDMO: Generating Sustained and Substantial Cash Flow Strong OCF Driven by Operating Efficiency Gains & Large Commercial Orders (RMB in Bn) 12.6 Sustain 10.2 3.8 4.4 2.5 1.5 2018 2019 2020 2021 2022 2023 2024E WuXi AppTec - IFRS OCF 8
Slide 9: CRDMO: Enabling Value Creation and Consistent Shareholders Returns
CRDMO: Enabling Value Creation and Consistent Shareholders Returns Continuously Improved EPS, Dividends & Share Buyback for Cancellation: Despite Market Dynamics ~70% of Adj. Non-IFRS Net Income Basic Earning Per Share Dividend Payout & Stock Buyback for Cancellation 8 (RMB) (RMB in Bn) 7.1 7 6 4.2
Slide 10: CRDMO Works
CRDMO Works Navigating Through Cycles, Expanding Competitive Edge and Enhancing Future Growth Visibility 01 02 Driving Organizational Agility and Operational Efficiency 03 Delivering Industry Insights for Optimal Capacity Planning to Seize High-Value Opportunities Enhancing Profitability Through Pla