Xmh Holdings Ltd. · SGX:BQF
Xmh — Q3 FY2015 Earnings Presentation
17 slides from Xmh's earnings presentation, Mar 26, 2015
Slide 1: 3Q2015 Results Presentation
3Q2015 PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD Results Presentation
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the "Information") is provided by XMH Holdings Ltd. (the "Company") to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and may not contain all
Slide 3: Presentation Outline
Presentation Outline Financial Highlights Outlook & Recent Developments 1 PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD
Slide 4: Financial Highlights
Financial Financial Highlights Highlights 2
Slide 5: P&L Snapshot (3Q2015)
P&L Snapshot Profit & Loss 3Q2015 3Q2014 Change S$’000 S$’000 % Revenue decreased due mainly to Revenue 23,081 33,141 (30.4) lower sales in the distribution and after-sales business segments. Gross Profit 7,322 8,966 (18.3) In line with drop in revenue Due mainly to the overall increase Gross Profit
Slide 6: P&L Snapshot (9M2015)
P&L Snapshot Profit & Loss 9M2015 9M2014 Change S$’000 S$’000 % Revenue decreased due mainly to Revenue 68,087 81,592 (16.6) lower sales in the distribution and after-sales business segments. Gross Profit 19,690 20,555 (4.2) In line with drop in revenue Due mainly to the overall increase Gross Profi
Slide 7: Revenue
Revenue Revenue Quarterly S$’ million Analysis 120.0 9M2014 9M2015 S$81.6m S$68.1m 90.0 23.6 4Q 33.1 3Q 60.0 23.1 97.6 74.5 70.2 27.1 2Q 19.2 30.0 62.2 21.4 1Q 25.8 - 5 PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD
Slide 8: Profitability Trend (Gross Profit / Gross Profit Margin)
Profitability Trend (Gross Profit / Gross Profit Margin) Gross Profit Gross Profit Margin S$’ million 30.0 27.8% 26.0% 30.0% 25.2% 28.9% 27.8% 23.5% 6.8 4Q 20.0% 15.0 9.0 3Q 7.3 22.9 9.9 19.5 5.7 10.0% 15.7 6.3 2Q 5.3 6.7 1Q - 0.0% PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD 6
Slide 9: Profitability Trend (Net Profit / Net Profit Margin)
Profitability Trend (Net Profit / Net Profit Margin) Net Profit S$’ million Net Profit Margin 20.0 23.6% 25.0% 15.0 Quarterly Analysis 20.0% 15.3% 10.0 12.8% 15.0% 17.6 11.7% 11.4 3.2 3Q 5.0 9.0 9.5 10.0% 2.0 2Q 2.7 2.6 1Q 0.7 7.1% - 5.8% 1.4 5.0% -1.7 4Q (5.0) 0.0% 7 PRIVATE & CONFIDENTIAL © 2014 X
Slide 10: Balance Sheet
Balance Sheet Balance Sheet 31 Jan 2015 30 Apr 2014 S$’000 S$’000 Property, plant and equipment 21,258 7,455 Inventories 19,917 22,525 Trade and other receivables 10,907 15,380 Contract work-in-progress 8,082 10,805 Total borrowings 11,816 14,845 Cash and cash equivalents 23,930 36,388 Total equity
Slide 11: Outlook & Strategies
Outlook Outlook&& Strategies Strategies 9
Slide 12: Recent Developments
Recent Developments • Mar 2015 – Completion of Z-Power Automation (ZPA) acquisition o A profitable entity and immediately earnings accretive o Promote business growth leveraging on ZPA’s sales network and existing customer base o Gradually implement ZPA’s technical knowledge and capabilities into XM
Slide 13: Recent Developments
Recent Developments • Jun 2014 – MPG Group secures multiple contracts worth a total of S$10.57 million o Total of five contracts, three that provide a flow of activities through to Jan 2016 o The remaining two sets were for the provision of Mitsubishi and MTU generator sets, to be fully delivered by
Slide 14: Growth Strategies
Growth Strategies • Exploration of new revenue streams o Focus on expansion of supplier base and secure new distributorships from other manufacturers o Received orders for new products XMH currently represents o Increase market share in relevant markets by forming strategic partnerships of joint ven
Slide 15: Outlook
Outlook • Slowdown in the Offshore & Marine industry o Extended decline of oil prices are weighing on our distribution business o Long term supply and demand dynamics of oil are still sound o Low oil prices may possibly translate into a growth in consumption towards the tail end of 2015, leading to
Slide 16: Share Statistics
Share Statistics Bloomberg code XMH SP EQUITY Reuters code XMHL.SI Share Price S$0.200 Market Capitalization S$86.8 million (434.13M shares) P/E 29.85 NAV per share S$0.13 Free Float 22.0% Substantial Shareholders Insiders 50.7% Credence Capital 19.3% House Call / Target Price RHB (Lee Yue Jer) BUY
Slide 17: Thank You
THANK YOU Investor Relations | Financial PR Pte Ltd | Romil SINGH | Jonathan YEOH | Reyna MEI T: +65 6438 2990 F: +65 6438 0064 | staff@financialpr.com.sg