Hung Hing Printing Group Limited · HKEX:450
Hung Hing Printing — H1 2015 Earnings Presentation
13 slides from Hung Hing Printing's earnings presentation, Aug 27, 2015
Slide 1: Interim Results – 6 months to 30 June 2015
Interim Results 6 months to 30 June 2015 0
Slide 2: Highlights – Six months ended 30 June, 2015
Highlights – Six months ended 30 June, 2015 • Revenue grew +3.7% to HK$1,395 million • Gross profit margin increased by +1.9% point to 13.5% • Profit attributable to the shareholders HK$11 million compared to a loss of HK$52 million during the corresponding period in 2014 • Net cash on-hand HK$586 m
Slide 3: Group revenue increased 3.7% to HK$1,395 million
Group revenue increased +3.7% to HK$1,395 mil., driven by growths of Book & Packaging (BPP) and Paper Trading (PT) (HK$ million, Six-month period) 2,000 The group was able to secure businesses from new and existing customers to increase sales 1,707 +3.7% 165 1,379 1,395 Paper Trading 1,500 145 1,345
Slide 4: Group EBITDA to Sales recovered to 5% level
Group EBITDA to Sales recovered to 5% level EBITDA (HK$ million) Commentary vs. Prior Year EBITDA as % of Sales 200 10% Gross profit margin increased by +1.9% 9% points due to sales growth and improved operating efficiency (i.e. increase of 8% 150 7% HK$32m). 7% 6% Significantly reduced net fair val
Slide 5: BPP and PT increased in sales mix; segment profit contribution improved
BPP and PT increased in sales mix driven by favourable business growth; Segment profit contribution improved in general Segment revenue & profit contribution% (6-mth period) External revenue Intersegment revenue Segment profit contribution(%) Books and Package Printing (BPP) Consumer Product Packagi
Slide 6: Income Statement
Income Statement Six months ended 30 June External Sales Profit (Loss) Commentary (HK$ Mil.) 2015 % Chg 2015 2014 Chg Sales benefited from gradual Book & Package Printing 761 5% 25 (7) 32 recovery of the North America and UK markets, which offset Consumer Product Packaging 329 -3% (4) (5) 1 the soft
Slide 7: Strong Financial Position with Net Cash over HK$586m
Strong Financial Position with Net Cash over HK$586m *1: Compared to Jun 2014, current assets reduced by HK$78m with working capital (both inventory and receivables) improvement of HK$136m which enable the increase of cash & deposits by HK$59m to HK$971m *2: Bank loans paid down by HK$100m along wit
Slide 8: Earnings per Share (EPS) HK¢ 1.2
Earnings per Share (EPS) HK¢ 1.2 Profit (Loss) Attributable to Shareholders Basic Earnings (Loss) per share 60 6 5.0 45 40 4 1.3 1.7 16 2 1.2 20 12 11 (HK$ million) (HK Cents) 0 0 (2) (20) (4) (40) (6) (5.8) (52) (8) (60) 2012 4-9* 2012 1-6 2013 1-6 2014 1-6 2015 1-6 2012 4-9* 2012 1-6 2013 1-6 2014
Slide 9: Interim Dividends
Interim Dividends 8 Commentary 7 7 • Based on confidence in 6 improvement of business performance during the rest 5 5 of the year, and backed by 4 5.3 the Group’s strong cash and 4 2 financial position, the Board 3 resolved to pay an interim 3 2 dividend of HK¢ 1.5 2 2 3 1 2 1.7 1.5 1 0 FY11/12 FY 2
Slide 10: Appendix: Four Complementary Hung Hing Business Segments
Appendix: Four Complementary Hung Hing Business Segments Consumer Product Book & Package Printing Corrugated Box Paper Trading Packaging Leader globally Major player in China Major player in South China Major player in South China Market position % 2015 interim revenue 55% (HK$761mm) 23% (HK$329mm)
Slide 11: Appendix: Hung Hing established multi-locations infrastructure
Appendix: Hung Hing established multi-locations infrastructure Zhongshan Wuxi Printing & mfg. of folding cartons, litho Printing and manufacturing of folding lam and corrugated containers cartons, litho lam and corrugated Awarded certifications of ISO9001, containers ISO14001, BRC, etc. Awarded cert
Slide 12: Disclaimer
Disclaimer The presentation is prepared by Hung Hing Printing Group Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investment deci
Slide 13: Thank you
Thank you A Leading Printer in Asia With unrivalled market leadership, well-balanced portfolio and sustained growth for over six decades, Hung Hing is in an excellent position to take advantage of growing opportunities as our industry continues to build momentum. 12
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