Analogue Holdings Limited · HKEX:1977
Analogue — H1 2022 Earnings Presentation
38 slides from Analogue's earnings presentation, Sep 1, 2022
Slide 1: Analogue Holdings Limited FY2022 Interim Results
ANALOGUE HOLDINGS LIMITED FY2022 Interim Results Investor Presentation 1 September 2022
Slide 2: Disclaimer
DISCLAIMER Disclaimer • All information including statements, views and opinions contained herein this report, this presentation and accessory discussions whether in writing, orally provided or in any other form (the “Information”) does not constitute an offer of any form for the purposes of any app
Slide 3: Contents
CONTENTS OUTLOOK & COMPANY FINANCIAL BUSINESS GROWTH Q&A OVERVIEW OVERVIEW REVIEW STRATEGIES 1 2 3 4 5 3
Slide 4: Company Overview
COMPANY OVERVIEW Leading E&M engineering 45 years of operating history with an service provider in Hong Kong extensive client portfolio Provide comprehensive E&M engineering and technology services to private and public sectors Pioneer technical excellence and • Building Services R&D; garnered 60 pa
Slide 5: Outstanding Achievements
OUTSTANDING ACHIEVEMENTS Application of Advanced Technologies Expansion to Overseas Markets ◼ Building Information Modelling (BIM) ◼ Strategic alliance with TEI in US ◼ Established Greater Bay Area (GBA) BIM team ◼ First foothold in UK for Lifts and Escalators business ◼ 1,000+ internal training hou
Slide 6: Financial Review
FINANCIAL REVIEW
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS Sustained Market Leading Position Revenue (HK$’M) 3,021.7 Contracts-in-hand (HK$’M) + 29.5% 12,918.5 + 8.8% High Dividend Payout Ratio* 50%* Bank Balances and Cash (HK$’M) 1,073.7 Order Intake (HK$’M) 4,631 Net Profit (HK$’M) + 96.6% 119.2* Low Gearing Ratio + 5.9%* 13.6% * Befo
Slide 8: Key Financial Data
KEY FINANCIAL DATA 1H2022 1H2021 (HK$’M) (HK$’M) Growth Revenue 3,021.7 2,333.6 29.5% Gross profit 457.6 323.0 41.6% Gross profit margin 15.1% 13.8% 1.3% point Profit attributable to owners of the company 59.2* 112.5 (47.4%) Basic earnings per share (cents) 4 8 (50%) Dividend per share (cents) 4.27
Slide 9: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$’M) (HK$’M) 2,503.0 2,035.6 1,789.3 1,416.7 511.2 499.5 472.3 460.0 303.4 226.3 72.0 58.7 183.2 179.5 Revenue: 67.4% 16.5% 10.0% 6.1% 60.7% 21.9% 9.7% 7.7% +29.5% 82.8% 15.2% 1.9% 76.7% 20.2% 3.1% 1.9% 3.1% Total: 3,021.7 Total: 2,333.6 Tota
Slide 10: Healthy Financial Position
HEALTHY FINANCIAL POSITION 30 June 2022 31 Dec 2021 (HK$’M) (HK$’M) Current assets 3,284.2 3,068.4 Current liabilities 2,191.1 1,972.1 Bank balances and cash 1,073.7 801.7 Net current assets 1,093.2 1,096.4 Total assets less current liabilities 2,424.7 2,477.1 Current ratio 1.5x 1.6x Gearing ratio 1
Slide 11: Stably & Proactively Returning Capital to Shareholders
STABLY & PROACTIVELY RETURNING CAPITAL TO SHAREHOLDERS 7.25 7.00 5.07 4.27 2022 Interim 3.85 3.82 4.02 Payout Ratio1 50% 8.92 10.82 11.27 FY2019 FY2020 FY2021 1H2022 Interim Second Interim Dividend per share (HK cent) 1 Before a special provision of HK$60 million for the legal proceeding as describe
Slide 12: Business Review
BUSINESS REVIEW
Slide 13: Building Services: Contracts-in-hand HK$6,391 million
Contracts-in-hand: HK$6,391 million, up 24.4% Segment Revenue (HK$’M) 1,910.3 1,275.9 122.5 136.4 +43.7% 2.8 4.4 1H2022 1H2021 Contracting work Maintenance work Sales of goods 13
Slide 14: Building Services one-stop E&M services
Largest business segment* providing one-stop E&M services (HVAC, FS, P&D, EL and ELV) Institutional Industrial Healthcare Infrastructure Data Centre Residential Commercial New Technology New Market New Business Model Over 50% of building services projects Actively exploring opportunities in More tha
Slide 15: Signature Projects
SIGNATURE PROJECTS Reprovisioning of Proposed Commercial Development at AIRSIDE, Fu Shan Public Mortuary New Kowloon Inland Lot No. 6557, Kai Tak Development Kai Tak Development Contract sum: Over HK$230M Contract sum: Over HK$860M Contract sum: Over HK$700M 15
Slide 16: Signature Projects
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector Great Opportunities in Infrastructure and Healthcare Sector Hong Kong West Hospital Clusters HKIA Three Runway System Project - North Runway Modification Works Contract sum: Over HK$360M Contract sum: Over HK$740M 16
Slide 17: Signature Projects
SIGNATURE PROJECTS Leading Data Centre Infrastructure Service Provider Construction of Government Data Construction of Data Centre for Maintenance Services of Data Centre for Centre Complex large local colocation company financial institution Contract sum: Over HK$25M Contract sum: Over HK$900M Cont
Slide 18: Signature Projects
SIGNATURE PROJECTS Involvement in Greater Bay Area Hong Kong Jockey Club Conghua Racecourse, Mainland China Galaxy Hotel Lot 4, Macau Contract sum: Over RMB170M Contract sum: Over MOP1,000M 18
Slide 19: Environmental Engineering: Contracts-in-hand HK$4,953 million
Contracts-in-hand: HK$4,953 million Segment Revenue (HK$’M) 281.5 269.7 190.7 199.5 42.0 27.3 1H2022 1H2021 Contracting work Maintenance work Sales of goods 19
Slide 20: Environmental Engineering total solutions
Delivering total solutions covering design, build, operation and maintenance (DBO) of environmental engineering facilities Water Sewage Sludge Solid Wastes Gas Treatment New Technology New Market New Business Model Advance technologies and innovative Active overseas tendering Public Private Partners
Slide 21: Signature Projects
SIGNATURE PROJECTS Yuen Long Sewage Treatment Works New Leachate Treatment Plant for and Yuen Long Effluent Polishing Plant North East New Territories Landfill Extension (NENTX) Contract sum: Over HK$200M Contract sum: Over HK$1,200M 21
Slide 22: Signature Projects
SIGNATURE PROJECTS Cheung Chau Sewage Treatment and Maintenance Works in Castle Peak Power Station Disposal Facilities and Black Point Power Station Contract sum: Over HK$300M Contract sum: Over HK$100M 22
Slide 23: Signature Projects
SIGNATURE PROJECTS Food Waste Pre-treatment Facilities at Term Contract for Inspection, Overhaul and Testing of E&M Sha Tin Sewage Treatment Works Installations at Stonecutters Island Sewage Treatment Works Contract sum: Over HK$110M Contract sum: Over HK$410M 23
Slide 24: ICBT: Contracts-in-hand HK$1,059 million
Contracts-in-hand: HK$1,059 million, up 13.0% Segment Revenue (HK$’M) 221.1 165.2 64.6 51.5 17.7 9.6 +34.1% 1H2022 1H2021 Contracting work Maintenance work Sales of goods 24
Slide 25: Green and intelligent building solutions
Offering green and intelligent building solutions with integrated ICT and building energy & management technologies to facilitate Hong King’s evolution towards a Smart City Smart Mobility Smart Living Smart Environment Smart People Smart Economy New Technology New Market New Business Model Seize opp
Slide 26: Signature Projects
SIGNATURE PROJECTS Comprehensive Solution of AI Energy Management Platform, IoT Applications, Video Analytics and Digital Twin for BMS, IoT and Energy System Installation for Proposed World Class Smart Office Building at 2 Murray Road Fortune’s Shopping Malls Contract sum: Around HK$90M Contract sum
Slide 27: Signature Projects
SIGNATURE PROJECTS IoT-based Smart Hostel Solution with IT systems for the Multi-functional Smart Lampposts Pilot Scheme New Student Residence of HKU MiC project Contract sum: Around HK$30M Contract sum: Around HK$10M 27
Slide 28: Lifts and Escalators: Contracts-in-hand HK$516 million
Contracts-in-hand: HK$516 million Segment Revenue (HK$’M) 90.0 82.3 78.5 84.9 16.1 10.9 +2.1% 1H2022 1H2021 Contracting work Maintenance work Sales of goods 28
Slide 29: Lifts and Escalators one-stop solutions
Providing one-stop solutions from design, manufacturing, sales, installation, maintenance and modernisation of lifts & escalators Lifts Escalators Moving Walkways Acclaimed Lifts and Escalators Brand New Technology New Market New Business Model ◼ Predictive Maintenance and Remote ◼ Increase resource
Slide 30: Signature Projects
SIGNATURE PROJECTS Central-Mid-Levels Escalator and Walkway System Contract sum: Around HK$130M 30
Slide 31: Signature Projects
SIGNATURE PROJECTS Series Projects of Puzzle Stacking Automated Parking System Provision of Universal Accessibility Facilities at Footbridges, Elevated Walkways and Subways Contract sum: Around HK$10M Contract sum: Over HK$20M 31
Slide 32: Signature Projects: Global Expansion
SIGNATURE PROJECTS New Market: Global Expansion ◼ Serving millions of users in Asia, the Americas, and Europe United Kingdom United States Capacity Expansion Tap into the US Market with Transel ◼ Our first foothold in Europe Elevator & Electric (“TEI”) ◼ Expansion of Anlev’s manufacturing plant in ◼
Slide 33: Maintenance Business
MAINTENANCE BUSINESS Generate Recurring Revenue Contribution to the 1H2022 Group’s revenue 15.2% Term contract of MTR Shatin Maintenance contract for Central Link Tuen Ma Line Two ifc and ifc mall Contract sum: over HK$100M Contract sum: around HK$10M ◼ Mechanical and Electrical Maintenance Services
Slide 34: Outlook & Growth Strategies
OUTLOOK & GROWTH STRATEGIES
Slide 35: Market Opportunities
MARKET OPPORTUNITIES Infrastructure Healthcare ◼ Annual construction output in Hong Kong is estimated to reach HK$300 billion ◼ An expenditure of HK$200 billion is expected as part ◼ Varies mass transit railway expansion projects in of the 10-year Hospital Development Plan with a Tung Chung, Tuen Mu
Slide 36: New Chapter of Growth
NEW CHAPTER OF GROWTH New Technology New Market ◼ Achieve continual improvement and adopt new ◼ Seek synergistic business partners to expand our technologies across all of our business segments footprint, create new business opportunities and build ◼ Further invest in R&D of IoT, AI, Big Data Analyt
Slide 37: @QATAL | &
@QATAL | &
Slide 38: Thank You
THANK YOU