Valuetronics Holdings Limited · SGX:BN2
Valuetronics — FY2025 Earnings Presentation
30 slides from Valuetronics's earnings presentation, May 28, 2025
Slide 1: FY2025 Results Briefing
FY2025 Results Briefing Note: This presentation is to be read in conjunction with the announcement issued on SGXNET on 28 May 2025 1
Slide 2: Important Notice
Important Notice This presentation is for information purposes only and does not constitute or form part of an offer, solicitation, recommendation or invitation for the sale or purchase or subscription of securities in Valuetronics Holdings Limited (the “Company”). No part of it nor the fact of its
Slide 3: About Us
About Us Corporate Information Accreditations • Established in 1992 in Hong Kong • ISO9001:2015 • An integrated Electronics Manufacturing Services • ISO14001:2015 (EMS) provider • TL9000:2016(H) R6.3/5.7 • Listed on SGX Mainboard on 28 March 2007 • IATF16949: 2016 • Auditors: PricewaterhouseCoopers
Slide 4: Business Overview
Business Overview Valuetronics is a one-stop, integrated EMS provider that offers a full range of services to its customers Design and development Manufacturing with integrated covers engineering design manufacturing sites in China and and development, product Vietnam design and deployment, and tool
Slide 5: A Premier Design and Manufacturing Partner
A Premier Design and Manufacturing Partner Offer value-added services across our vertically integrated Design & business model Engaged in Development Customers’ From highly customised Integrated Value Chain upstream solutions to tailor- Manufacturing Services made downstream services Proactive deplo
Slide 6: Key Milestones
Key Milestones Incorporation of Daya Bay Facility Recognised for Vietnam Campus Diversified into AI- company Phase I service excellence takes off related services Incepted in Hong Completed Phase 1 Received Above & Vietnam Campus Established 55%- Kong with construction of Daya Beyond – Pinnacle comm
Slide 7: Multinational Footprint
Multinational Footprint China Campus • Land use rights acquired in 2006 • Total site area > 110,000 sq m Shenzhen China Hong Kong Hanoi HQ Vietnam Vietnam Campus • Land use rights acquired in 2019 • Total site area > 52,000 sq m 7
Slide 8: Industrial & Commercial Electronics
Industrial & Commercial Electronics Printers Printers Sensing Devices Automotive Parts Nasdaq-listed Company Unit of a NYSE-listed MNC Tier 1 Automotive System Manufacturer (Transaction Printer for Slot, POS (Cold Chain Temperature Monitor (Data and media connectivity module) & Teller Station Machin
Slide 9: Industrial & Commercial Electronics
Industrial & Commercial Electronics Communication Printers Products Network & HPC Products Industrial & Commercial Applications United States-based Company United States & Canada-based Company Startup Owned by PE Fund (Cooling solutions for HPC environment) (Hardware provider for retail chain stores
Slide 10: Consumer Electronics
Consumer Electronics Consumer Lifestyle Products Smart Lighting with IOT Features Immersive Entertainment Products Consumer Lifestyle Division World leader in lighting for professionals Leading Global of a Dutch MNC and consumers and lighting for IOT Entertainment Conglomerate (PCBA for Shavers & El
Slide 11: FY2025 Financial Highlights
FY2025 Financial Highlights 11
Slide 12: FY2025 Financial Highlights
FY2025 Financial Highlights HK$’M FY2025 FY2024 % Change Revenue 1,729.1 1,669.9 3.5 Gross Profit 293.7 265.2 10.8 Gross Profit Margin 17.0% 15.9% 1.1% pt Net Profit 166.5 159.6 4.3 Net Profit Margin 9.6% 9.6% 0% pt 12
Slide 13: Revenue Contribution
Revenue Contribution By Segment By Shipment Destination 37.0% 42.7% 46.0% 42.4% 53.7% 65.1% 70.2% 78.5% 75.0% 78.8% 43.1% 42.3% 35.6% 38.7% 28.9% 34.9% 29.8% 21.5% 25.0% 21.2% 19.9% 18.4% 18.9% 17.4% 15.0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Europe China & Apac N. America Consumer Elec
Slide 14: Half-Year Revenue Trend
Half-Year Revenue Trend By HK$’M 891.3 862.1 866.9 778.5 656.6 668.7 693.4 595.4 234.7 193.4 183.1 173.5 1HFY24 2HFY24 1HFY25 2HFY25 Consumer Electronics Industrial & Commercial Electronics 14
Slide 15: Gross Profit & Net Profit Trend
Gross Profit & Net Profit Trend 300 17.0% 16.9% 16.2% 16.8% 17.2% 15.6% 14.2% 13.6% 13.0% 12.5% 250 9.9% 10.5% 8.4% 9.2% 8.8% 8.1% 6.8% 200.3 5.6% 5.6% 5.5% 200 185.9 143.6 144.8 148.9 150 138.9 131.2 131.2 130.5 126.3 91.5 95.6 90.5 100 82.1 77.5 76.1 65.1 56.6 56.9 57.9 50 0 1HFY21 2HFY21 1HFY22 2
Slide 16: Market Capitalisation, NAV & Net Cash Balance (HK$'m)
Market Capitalisation, NAV & Net Cash Balance (HK$’m) NAV Market Cap Net Cash balance 1,765.6 1,456.1 1,521.1 1,465.5 1,399.6 1,368.6 1,348.8 1,362.0 1,340.5 1,347.1 1,093.8 1,129.4 1,164.5 1,009.9 936.7 FY21 FY22 FY23 FY24 FY25 # Share price as at respective period/year end date *SGD/HKD Ex rate as
Slide 17: Earnings Per Share & Dividends Per Share
Earnings Per Share & Dividends Per Share Committed to formal dividend policy of 30-50% payout ratio FY25: Final dividend of 11 HK cents and special dividend of 8 HK cents HK$ cents 60.0 Interim Dividend EPS* Dividend per share Dividend Yield 7.5% 7.7% 5.3%* 6.3% 7.2% 6.0% 6.5% 7.4% 6.7% 50.0 4.2% 4.
Slide 18: Summary of Cash Flows
Summary of Cash Flows HK$’000 FY25 FY24 Operating Activities Net cash generated from operating activities 207,930 233,700 Investing Activities Net cash (used in) / generated from investing activities (171,772) 35,705 - CAPEX (228,012) (21,083) - Interest received 52,719 55,191 - Others 3,521 1,597 F
Slide 19: Balance Sheet & Key Ratios
Balance Sheet & Key Ratios HK$’M FY25 FY24 Turnover Days FY25 FY24 Working capital Inventories 43.7 45.0 Inventories 171.7 173.1 Trade Receivables 78.8 83.5 Trade Payables (69.6) (61.7) Trade Receivables 373.4 381.9 52.9 66.8 Trade Payables (273.6) (237.3) 271.5 317.7 Net Current Assets 952.9 1,068.
Slide 20: Key Financial Ratios
Key Financial Ratios FY25 FY24 FY25 FY24 Price (SGD)# 0.70 0.58 Current ratio 2.3 2.6 NAV per share (SGD)* 0.61 0.59 ROE 11.4% 11.4% Cash per share (SGD)* 0.46 0.49 ROA 7.6% 7.6% Cash to Mkt Cap ratio 62% 80% PB ratio 1.13 0.98 # Share price as at respective period/year end date *SGD/HKD Ex rate as
Slide 21: Business Outlook
Business Outlook 21
Slide 22: Business Segments
Business Segments Recap for FY2025 Outlook for FY2026 • Encouraging revenue • Expect growth from entertainment- contributions from new focused customer, driven by growing entertainment-focused customer global adoption of immersive supplying electronic products to a entertainment technologies in them
Slide 23: Strategic Direction
Strategic Direction • Expansion of regional manufacturing footprint, sharper customer acquisition focus, and product portfolio rebalancing towards higher- margin offerings. • Focus on scalable, high-potential customers; exit from low-margin legacy CE projects Disclaimer: Reader should refer to secti
Slide 24: Macroeconomic Environment
Macroeconomic Environment Key Factors Series of announcements by the United States since 2 April 2025 regarding reciprocal tariffs on its trading partners, including China and Vietnam. While subsequent measures have led to a partial de- escalation, tariff levels have yet to return to those prior
Slide 25: Looking Ahead
Looking Ahead • Positioned to navigate growing complexity in global operating environment • Integrated manufacturing platform in Vietnam • Core core design and development strengths in China operations • Dual-site capabilities • Enhanced flexibility, supply chain resilience, and responsiveness to cu
Slide 26: Share Buyback
Share Buyback Feb 2022: Announced HK$250.0 million Share Buyback Program to increase shareholder value and improve return on equity. To-date FY2025: Regular share buybacks totaling approximately 34.1 million company shares for approximately HK$107.1m. Intend to continue Share Buyback Program in FY20
Slide 27: AI Investment Still In Infancy Phase
AI Investment Still In Infancy Phase Oct 2024 Jun 2024 Founding Aug 2024 Sep 2024 member of Incorporated Hong Kong Completed Embarked on Trio AI Institute of AI Phase I Phase II for Science Harnessing opportunities from the AI industry • Partnership with Sinnet • Completed Phase 1 • Order an additio
Slide 28: Corporate Awards
Corporate Awards Multi-time winner at the SIAS Investors’ Choice Awards Both 2024 and 2023 • Joint Winner of Most Transparent Company Award (Technology Category) • Joint Winner of Singapore Corporate Governance Award (Small Cap Category) 2019 • Runner Up of Sustainability Award (Small Cap Category)
Slide 29: Corporate Sustainability Highlights
Corporate Sustainability Highlights Local Community Engagement Environmental Compliance Carried out such engagements at least Achieved ISO14000 accreditation, standards for once every quarter environmental management since 2008 CLIK HERE Carbon Reduction Diversity Installed solar panels for China ca
Slide 30: Thank You!
(V) vatuctronies Thank You!