Ellipsiz Ltd · SGX:BIX
Ellipsiz — Q1 FY2014 Earnings Presentation
20 slides from Ellipsiz's earnings presentation, Nov 6, 2013
Slide 1: 1QFY14 Results Presentation
1QFY14 Results Presentation For Financial Period Ended 30 Sep 13 6 November 2013
Slide 2: Safe Harbor
Safe Harbor This presentation and the following discussion may contain forward looking statements by Ellipsiz Ltd ("Ellipsiz") relating to financial trends for future periods. Some of the statements contained in this presentation or arising from this discussion which are not of historical facts are
Slide 3: 1QFY14 Results Summary
1QFY14 Results Summary Results highlights Year on Year Sequential S$’million 1QFY14* 1QFY13 Change 4QFY13* Change Revenue 34.2 29.6 16% 30.7 11% Gross Profit 8.7 7.5 16% 8.2 6% Gross Profit Margin 25% 25% 0 ppt 27% (2 ppt) Net Profit after Tax & MI 6.3 0.3 1777% 2.8 123% Net Profit after Tax & MI Ma
Slide 4: 1QFY14 Results Summary (excluding specific items)
1QFY14 Results Summary Year on Year Sequential Results highlights 1QFY14 1QFY13 4QFY13 S$’million (excl SI) (excl SI) Change (excl SI) Change Revenue 34.2 29.6 16% 30.7 11% Gross Profit 8.7 7.5 16% 8.2 6% Gross Profit Margin 25% 25% 0 ppt 27% (2 ppt) Net Profit after Tax & MI 1.1 0.3 227% 3.1 (64%)
Slide 5: Results Summary: Specific Items
1QFY14 Results Summary Specific Items* (S$ million) 1QFY14 4QFY13 Relating to the business acquisition of Tokyo Cathode Laboratory (TCL) - Negative goodwill (11.5) - - Post-acquisition integration and restructuring cost 5.2 - - Business acquisition cost during the quarter 1.1 - Project cost relating
Slide 6: Revenue Trends
Revenue Trends Revenue (S$m) 200 150 100 150.5 175.7 144.3 124.2 50 34.2 0 FY10 FY11 FY12 FY13 1QFY14 6
Slide 7: Margin Trends
Margin Trends Margin as % of Revenue 24.7 25.5 23.8 21.8 20.4 18.4 13.8 5.9 4.1 3.8 4.0 3.2 2.8 1.6 3.0 FY10 FY11 FY12 FY13 1QFY14 Gross Profit Margin Net Profit Margin Net Profit Margin ex-SI 7
Slide 8: NPATMI Trends
NPATMI Trends S$ million EPS: 4.05 cts 20.7 EPS: 1.91 cts 10.3 EPS: 1.14 cts EPS: 0.41 cts EPS: 0.86 cts 6.3 2.2 5.0 7.2 4.3 4.4 4.8 1.1 Specific Items FY10 FY11 FY12 FY13 1QFY14 * 1QFY14 & FY13 EPS based on weighted average of approximately 553 million shares 8
Slide 9: Revenue Mix
Revenue Mix Revenue (S$m) 1QFY14 1QFY13 PCS S$11.8m 35% PCS 4QFY13 DSS S$8.7m DSS S$22.4m 29% S$26.7m 65% DSS PCS 71% DSS S$20.9m S$9.3m S$26.7m 71% 30% 71% DSS S$34.2 million S$21.4m 70% S$29.6 million DSS : Distribution and Services solutions PCS : Probe Card solutions S$30.7 million 9
Slide 10: Segment Performance
Segment Performance Year on Year Sequential Revenue (S$m) 1QFY14 1QFY13 Change 4QFY13 Change Probe Card 11.8 8.7 35% 9.3 27% solutions Distribution & 22.4 20.9 7% 21.4 5% Services solutions Total 34.2 29.6 16% 30.7 11% 10
Slide 11: Balance Sheet Highlights
ellipnsiz Balance Sheet Highlights
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights Maintaining healthy balance sheet 20.1 18.9 2.2 2.0 2.3 18.4 1.9 18.1 38.8 82.9 81.6 74.5 92.3 34.7 32.3 32.4 38.1 41.2 48.1 33.0 FY11 FY12 FY13 1QFY14 FY11 FY12 FY13 1QFY14 Cash & Cash Equivalents (S$m) NAV per Share (cts) Current Assets (S$m) Current Liabilities (S$m) Curr
Slide 13: Balance Sheet Highlights
Balance Sheet Highlights Debt to equity ratio 14% 10% 9% 9% 5% 96.7 97.6 101.5 104.5 111.1 13.2 9.7 9.2 4.8 9.9 FY10 FY11 FY12 FY13 1QFY14 Shareholders' Equity (S$m) Total Debt (S$m) Debt/Equity ratio 13
Slide 14: Capital Expenditure
1QFY14 Capital Expenditure 14
Slide 15: Capital Expenditure
Capital Expenditure Capital Distribution & Services Solutions Expenditure (S$m) Probe Card Solutions 4.3 3.8 3.8 0.6 Total $0.4m 0.3 2.6 DSS $0.1m 3.2 1.2 PCS $0.3m 3.5 3.7 1.4 0.6 FY10 FY11 FY12 FY13 1QFY14 15
Slide 16: Business Updates & Outlook
1QFY14 Business Updates & Outlook 16
Slide 17: 1QFY2014 Business Updates: Probe Card Solutions
1QFY2014 Business Updates Probe Card Solutions • Revenue (in US dollar terms) increased by 34% compared to the corresponding quarter of the previous financial year, mainly due to the revenue contribution from newly acquired business and activity. • Widespread uncertainty still exists in the semicond
Slide 18: Business Updates: Distribution & Services Solutions
1QFY14 Business Updates Distribution & Services Solutions • Sales increased by 5% sequentially and 7% year-on-year (y-o-y) • Growth momentum in 4QFY13 continued into 1QFY14 supported by trading activities and DSS’ focus on recurring revenues • Increase y-o-y came amidst a low base comparison in 1QFY
Slide 19: Industry Outlook
Industry Outlook We are cautious over our operating and performance prospects for the rest of 2013. Global economic, financial and geopolitical development remains volatile. 1) IMF had shaved its 2013 global growth forecast by 0.3 percentage point to 2.9% and 2014 forecast by 0.2 percentage points t
Slide 20: Thank you!
Thank you! www.ellipsiz.com Investor Relations Contact: Ong Suat Lian : +65 63118500 : ir@ellipsiz.com 20