Slide 1: Q1 FY2021 Business Performance Update
Aztech Global Ltd. Q1 FY2021 Business Performance Update 21 April 2021
Slide 2: Key Financial Highlights
Key Financial Highlights • Q1 FY2021 revenue of $115.9 million • Q1 FY2021 net profit of $13.2 million • Earnings per share of $0.02 in Q1 FY2021 (1) • Q1 FY2021 EBITDA of $17.9 million • Strong Cash and bank balances of $261.3 million as at 31 March 2021 • Net Cash of $240.1 million as at 31 March
Slide 3: Financial Performance Review
FINANCIAL PERFORMANCE REVIEW
Slide 4: Q1 FY2021 Results – YoY Comparison
Q1 FY2021 Results – YoY Comparison ($ million) Q1 FY2021 Q1 FY2020 % change Revenue (1) 115.9 37.3 210.7 EBITDA 17.9 3.5 411.4 Profit Before Tax 15.2 1.2 1,166.7 PBT Margin (%) 13.1 3.2 990 bps Income Tax Expense (2.0) (0.6) (233.3) Effective Tax Rate % 13.1 N.M(2) Net Profit 13.2 0.6 2,100.0 Net Pr
Slide 5: Q1 FY2021 Results Snapshot
Q1 FY2021 Results Snapshot IoT Devices & Data-Com Products Key Driver of Revenue Growth Revenue IoT Devices and Datacom Products Q1 FY2021 Revenue (in $ million) 115.9 (Revenue in $ million) (by Geographical Region) 106.3 +210.7% 0.77% 1.11% 1Q2020 production was +330.4% affected by North America Co
Slide 6: Q1 FY2021 Results Snapshot (Cont'd)
Q1 FY2021 Results Snapshot (Cont’d) Demonstrated Improvement in Profitability and Margins EBITDA and EBITDA Margin (in $ million) 15.4% • The Group continued to generate positive EBITDA and EBITDA margin, which increased by 411.4% and 600 bps to $17.9 million 9.4% 17.9 and 15.4%, respectively for Q1
Slide 7: Financial Position and Cash Flow
FINANCIAL POSITION AND CASH FLOW
Slide 8: Balance Sheet Summary
Balance Sheet Summary Healthy Balance Sheet with Strong Cash Position ($ million) 31 March 2021 31 December 2020 Cash & Bank Balances 261.3 11.5 Net Current Assets 221.7 17.9 Net Non-current Assets 24.6 23.7 Total Net Assets 246.3 41.6 Accumulated Profits 45.5 32.3 Share Capital & Reserves 200.8 9.3
Slide 9: Comparison of Net Cash / (Net Debt) Position
Comparison of Net Cash / (Net Debt) Position ($ million) 31 March 2021 31 December 2020 Total Borrowings 21.2 33.0 Cash & Cash Equivalents 261.3 11.5 Net Cash / (Net Debt) 240.1 (21.5) • As at 31 March 2021, the Group recorded a net cash position of $240.1 million following the inclusion of net proc
Slide 10: Comparison of Working Capital (1)
Comparison of Working Capital (1) ($ million) 31 March 2021 31 December 2020 Current Assets 433.2 270.3 Current Liabilities 211.5 252.3 Working Capital 221.7 18.0 • Working capital position had increased from $18.0 million as at 31 December 2020 to $221.7 million as at 31 March 2021 due mainly to th
Slide 11: Comparison of Working Capital (2)
Comparison of Working Capital (2) 31 December 2020 31 March 2021 ($ million) (Include Net IPO proceeds) Current Assets 433.2 458.9 Current Liabilities 211.5 252.3 Working Capital 221.7 206.6 • For comparison purpose, the net IPO proceeds of $188.6 million has been included as at 31 December 2020. •
Slide 12: EBITDA Reconciliation
EBITDA Reconciliation ($ million) Q1 FY2021 Q1 FY2020 Profit for the financial year 13.2 0.6 Add: Finance Costs 0.2 0.1 Add: Income tax expense 2.0 0.6 EBIT 15.4 1.3 Add: Amortisation & Depreciation 2.5 2.2 expenses EBITDA 17.9 3.5 EBITDA Margin % 15.4 9.4 © 2021 Aztech Global Ltd. All currencies ar
Slide 13: Business Update & Outlook
BUSINESS UPDATE & OUTLOOK Aztech
Slide 14: New Customers & Projects Secured in Q1 FY2021
New Customers & Projects Secured in Q1 FY2021 Product Type Country of Target Market Customer Satellite Modem ODM Korea Global Smart IoT Hub CMS US US Smart Bridge Hub JDM Singapore ASEAN Countries, US Smart/IoT Rat & Mice Reusable Trap CMS US US Advanced Emergency Weather Warning CMS Sweden Europe R
Slide 15: Business Outlook
Business Outlook • The global components shortage situation is unlikely to abate in the next 12 months. Collaborative efforts with suppliers, customers and relevant business partners to continue to achieve smooth production and timely delivery of its customers’ orders. Leverage on strong customer-
Slide 16: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 17: Thank You!
THANK YOU! Aztech