Nordic Group Limited · SGX:MR7
Nordic — H1 2021 Earnings Presentation
19 slides from Nordic's earnings presentation, Aug 12, 2021
Slide 1: 1H2021 Results Presentation
Building Momentum, Capturing Opportunities 1H2021 Results Presentation 12 August 2021
Slide 2: Disclaimer
Disclaimer • This presentation (this “Presentation”) has been prepared by Nordic Group Limited (“Nordic” or the “Company”) for information purposes only and has not been independently verified. It is not the intention to provide, and you may not rely on this Presentation as providing, a complete or
Slide 3: Financial Highlights for 1H2021
Financial Highlights for 1H2021 Revenue Net profit EBITDA $49.2 ↑49% $7.8m ↑317% $10.4m ↑137% 1H20: $33.0m 1H20: $1.9m 1H20: $4.4m GPM NPM EBITDA margin 28% ↑6 ppts 16% ↑10 ppts 21% ↑8 ppts 1H20: 22% 1H20: 6% 1H20: 13% Order book EPS NAV per share $135.3m 2.0 cents 24.5 cents ↑7% ↑300% 31 Dec 20: 22
Slide 4: Financial Review
Financial Review Unaudited Unaudited Change Unaudited Unaudited Change S$'000 2Q2021 2Q2020 (%) 1H2021 1H2020 (%) Revenue 24,716 12,561 97 49,172 33,015 49 Gross Profit 7,636 4,123 85 13,989 7,227 94 Gross Profit Margin (1) 31% 33% (2) ppts 28% 22% 6 ppts Net Profit after Tax 4,343 311 1,296 7,797 (
Slide 5: Financial Review
Financial Review Revenue, GP, NP, EBITDA Margins 100 33 35 31 90 91.7 30 28 91.5 28 80 84.6 26 26 81.9 80.8 25 25 24 80.5 25 70 23 72.4 22 22 22 66.2 21 60 20 20 60.3 20 17 17 17 50 16 16 16 16 15 49.8 41.6 39.3 49.2 13 15 40 53.5 50.1 16 12 11 23.7 10 13 30 9 9 33.0 10 8 58.9 60.5 7 15.1 20 44.1 48
Slide 6: Financial Review
Financial Review Balance Sheet Highlights Unaudited as Unaudited as at S$'000 at 30 June 31 March 2021 2021 Current Assets 102,804 88,788 Non-current Assets 66,524 67,195 Current Liabilities 64,524 52,452 Non-current Liabilities 9,618 11,344 Total Equity 95,186 92,187 Cash and Cash Equivalents 56,19
Slide 7: Financial Review
Financial Review As at end of S$’000 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 1H2021 Total 21,539 25,320 32,155 28,085 46,612 48,807 44,069 45,873 43,647 Borrowings Cash and Cash 14,852 32,799 35,566 32,325 40,291 39,232 43,200 57,512 56,194 Equivalents Net 6,687 (7,479) (3,411) (4,24
Slide 8: Order Book
Order Book (S$m) 160 140 135.3 120 98.7 92.7 92.0 100 89.0 75.2 80 48.3 48 42.9 61.4 60 40 50.4 49.1 60.1 20 39.2 44.7 19.4 30 30.9 21.6 27.6 0 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 1H2021 - Project - Maintenance Note: The order book from FY2011 to FY2016 does not include ma
Slide 9: Contracts Win
Contracts Win Aug 4, 2021 - Total value: S$35.6m Cleanroom: ad-hoc and maintenance services contracts to supply, install, tools hook-up services and supply of spares Precision Engineering: capital contracts for machining and mechanical assembly Insulation: capital project for insulation work
Slide 10: Contracts Win
Contracts Win May 24, 2021 - Total value: S$24.2m Insulation: newly acquired maintenance contract for thermal spray aluminium work Petrochemical: newly acquired tank cleaning work. Mechanical repairs and renewal of operation and maintenance of waste to energy plant. Cleanroom: supply and insta
Slide 11: Revenue Contribution by Services
Revenue Contribution by Services FY2018 FY2019 FY2020 1H2021 3.8, 4% 5.7, 7.1, 14% 7% 12.1, 13% 12.5, 15% 12.1, 25% 16.7, 20% 13.9, 15% 20.1, 25% 15.0, 18% 16.0, 19% 9.4, 19% 19, 21% 13.1, 16% 10.4, 13% 19.8, 22% 13.3, 15% 6.3, 13% 7.0, 14% 22.0, 26% 9.7, 12% 11.1, 14% 23.1, 25% 7.3, 15% System Inte
Slide 12: Revenue Contribution by Industry
Revenue Contribution by Industry FY2018 FY2019 FY2020 1H2021 13% 16% 15% 19% 4% 18% 20% 20% 26% 4% 4% 3% 5% 7% 22% 5% 16% 24% 3% 4% 16% 4% 2% 7% 41% 38% 4% 3% 7% 10% 4% 4% 4% 7% 1% Onshore/Downstream Marine/Upstream Electronics Manufacturing System Onshore/Infrastructure The acquisition of Multiheig
Slide 13: Dividends Paid/Payable
Dividends Paid/Payable Final / Interim / Amount per share Payment date Financial Year Payout ratio Special (cents) Sep 3, 2021 2021 Special 0.200 10% Sep 3, 2021 2021 Interim 0.780 (1) 40% May 14, 2021 Final 0.362 2020 Sep 4, 2020 Interim 0.187 May 14, 2020 Final 0.419 2019 Sep 5, 2019 Interim 0.429
Slide 14: Nordic's Share Buyback
Nordic’s Share Buyback – renewed on 26 April 2021 AGM CUMULATIVE % OF TOTAL NO MONTH OF ACQUISITION QUANTITY CUMULATIVE VOLUME OF ISSUED SHARES ** Share Buyback by way of Market Acquisition 2015 4,669,200 4,669,200 1.17 2016 2,155,400 6,824,600 1.71 2017 62,500 6,887,100 1.72 2018 593,800 7,480,900
Slide 15: Directors' and Executive Officer's Share Purchases
Directors’ and Executive Officer’s Share Purchases 9 November 2010 – IPO : Director No. of shares held % shareholdings Chang Yeh Hong 200,480,625 50.12% Eric Lin Choon Hin 43,500,000 10.88% Dorcas Teo Ling Ling 29,000,000 7.25% 272,980,625 68.25% 21 May 2021 : Director / Executive Officer No. of sha
Slide 16: 2021 Outlook
2021 Outlook • Recovery remained resilient despite labour challenges • Business momentum remains strong with orderbook at all time high • Barring any unforeseen circumstances, 2021 outlook remains positive with a J shape recovery: higher profits, stronger cashflow and increased dividends compared to
Slide 17: 2021 Recovery
NORDIC Group Limited 18 16 14 12 ca o ~ nN 12.7 7.9 7.1 2021 Recovery Net profit pn A --$15.6 m-if 2H2021 runrate is the same as 1H2021 B - $13.8m assuming certain. disruptions in the transitioning to the new normal Pre-Coyid Fy2010 FY2011 FY2012 FY2013 FY2014 FY2015 ‘FY2016 FY2017 FY2018 FY2019° 3F
Slide 18: Dividends
Dividends Dividends (cents per share) and EBITDA 2.5 20.8 20.7 20.0 18.3 A – After dividend 2 payout of 50%: 1.96 16.2 cents; dividend 16.0 yield1 5.6% A 15.0 B – After dividend payout of 50%: 1.725 13.5 cents; dividend 1.5 12.5 yield1 4.9% 12.0 B 10.4 10.0 9.4 9.7 1 0.2 1.526 1.2682 5.0 4.6 1.05 1.
Slide 19: Thank you for your time
Thank you for your time . 2 Tuas Avenue 10, Singapore 639126 +65 6848 4400 ir@nordicgrouplimited.com www.nordicgrouplimited.com For more information, please contact Financial PR Pte Ltd Investor Relations Consultants Building Momentum, Capturing Opportunities Romil Singh: romil@financialpr.com.sg +6