Qes Group Bhd · MYX:QES
Qes Group Bhd — Q3 2023 Earnings Presentation
31 slides from Qes Group Bhd's earnings presentation, Nov 27, 2023
Slide 1: QES Investor Briefing Q3-2023
QES INVESTOR BRIEFING Q3-2023 (27 Nov 2023) Assuring you our best, always © 2023 QES Group Berhad. All rights reserved.
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by QES Group Berhad and is preliminary in nature and solely for information and discussion purposes and must not be relied upon for any other purpose. The “Presentation” that follows shall mean and include the slides that follow, the oral presentation o
Slide 3: Corporate Vision
Corporate Vision Mission Statement Vision QES is determined to excel in every area of our technology-driven We aim to be the leading integrated products and services and be sustainable. We achieve that by solutions provider serving customers making sure we are customer-centric, continuously developi
Slide 4: Company Overview - Corporate Structure
Company Overview - Corporate Structure DISTRIBUTION DIVISION MANUFACTURING DIVISION 100% 100% 100% 100% QES Intra Pacific QES (Asia-Pacific) QS Instruments QES Sdn. Bhd. Sdn. Bhd. Sdn. Bhd. Manufacturing Sdn. Bhd. 100% 87.7% QES (Thailand) Co., Ltd. QES Technology Philippines, Inc 100% 82.5% 100% 85
Slide 5: Business Overview - Products Diversity
Business Overview - Products Diversity Distribution Manufacturing Semiconductor Semiconductor Inspection, Test Materials & Analytical Inspection & Automated & Measurement Engineering Instruments Measuring Handling Equipment Solutions Equipment Equipment © 2023 QES Group Berhad. All rights reserved.
Slide 6: Business Overview - Sector & Business Segments
Business Overview -Sector & Business Segments Manufacturing ❖ Diversified into 3 core sectors Core Business ❖ Counter cyclical Distribution ❖ Spare parts and service provide strong recurring Spare Parts and Service revenue ❖ Sustainable revenue Electrical & growth Semiconductor Electronics Automotiv
Slide 7: Financial Highlights - Quarterly Results QoQ and YoY
Financial Highlights - Quarterly Results QoQ and YoY For the period ended RM'million Q3'23 Q2'23 QoQ% Sep'23 Sep'22 YoY% Revenue Distribution 44.1 56.8 -28.8% 152.3 167.5 -9.1% - Product 25.1 36.8 -31.8% 96.8 109.2 -11.4% - Materials 3.1 5.0 -38.0% 11.2 22.2 -49.5% - Spares & Service 15.9 15.0 6.0%
Slide 8: Financial Highlights – Quarterly Results Comparison
Financial Highlights – Quarterly Results Comparison In RM‘million For Period Ended Q3'23 Q3'23 Sep'23 vs Q3'23 Q3'22 Q2'23 Sep'23 Sep'22 Q3'22 Q2'23 Sep'22 Revenue 54.2 72.0 67.0 -24.7% -19.1% 178.4 191.4 -6.8% PATMI 4.3 9.5 6.9 -54.7% -37.7% 16.0 21.0 -23.8% PATMI Margin 7.9% 13.2% 10.3% 9.0% 11.0%
Slide 9: Financial Highlights – Quarterly Revenue and PBT trend
Financial Highlights – Quarterly Revenue and PBT trend Quarterly Financial Highlights 2020 - 2023 Q3 20.0% 72.0 73.0 18.2% 18.0% 17.1% 66.3 67.0 64.2 16.0% 57.2 14.5% 54.3 14.2% 54.2 14.0% 52.6 53.1 51.7 11.9% 11.4% 12.0% 39.8 40.6 38.9 10.3% 10.1% 10.0% 35.9 9.9% 8.9% 8.3% 9.3% 8.0% 7.7% 6.4% 6.2%
Slide 10: Financial Highlights – Annual Revenue and PATMI trend
Financial Highlights – Annual Revenue and PATMI trend Financial Highlights 300.0 2019 - 9M 2023 12.0% 264.4 250.0 10.0% 10.0% 222.8 9.0% 8.5% 200.0 8.0% 178.4 161.4 155.2 150.0 6.0% 5.6% 100.0 4.0% 50.0 2.0% 2.0% 26.4 19.0 16.0 3.3 8.7 - 0.0% 2019 2020 2021 2022 9M-2023 Revenue (RM'million) PATMI (R
Slide 11: Financial Highlights of FYE23 – 9M cumulative period
Financial Highlights of FYE23 – 9M cumulative period Revenue (RM Mil) Gross Profit (RM Mil) PBT (RM Mil) PATMI (RM Mil) 51.7 28.8 21.0 47.8 191.4 178.4 21.7 16.0 9M-2022 9M-2023 9M-2022 9M-2023 9M-2022 9M-2023 9M-2022 9M-2023 • Overall revenue decreased due to a drop in sales from distribution divis
Slide 12: Financial Highlights – Cash & Cash Equivalents
Financial Highlights – Cash & Cash Equivalents Cash and cash equivalents (RM'million) 85.4 79.4 80.3 70.9 45.7 2019 2020 2021 2022 9M-2023 © 2023 QES Group Berhad. All rights reserved.
Slide 13: Financial highlights – Gearing ratio
Financial highlights – Gearing ratio 180 0.40 171.4 170 159.0 160 0.35 150 140 135.7 0.30 130 120 117.3 110 0.28 0.25 100 RM' million 89.1 90 0.20 0.19 0.21 0.19 80 70 0.16 0.15 60 50 0.10 40 33.3 32.8 28.3 25.0 30 20 17.0 0.05 10 0 - 2019 2020 2021 2022 9M-2023 Total debts (RM'million) Shareholders
Slide 14: Financial highlights – Other ratios
Financial highlights – Other ratios Earnings before Interest, Taxes, Depreciation and Profit attributable to Owners of the Company Amortisation (RM'million) (RM'million) 39.3 26.4 29.0 26.1 19.0 16.0 15.4 8.7 8.7 3.3 2019 2020 2021 2022 9M-2023 2019 2020 2021 2022 9M-2023 Basic Earnings per Share (s
Slide 15: Analysis: Revenue Breakdown – By Country/Region
Analysis: Revenue Breakdown – By Country/Region 4.8% 8.3% 6.8% 8.5% 9.0% 57.8% 50.2% 47.6% 53.8% 53.4% 41.3% 43.4% 37.4% 38.3% 39.4% 2019 2020 2021 2022 9M-2023 Malaysia ASEAN Others © 2023 QES Group Berhad. All rights reserved.
Slide 16: Analysis: Revenue Breakdown – By Division
Analysis: Revenue Breakdown – By Division 4.4% 11.4% 13.9% 16.2% 14.6% 26.5% 21.1% 19.3% 24.8% 25.8% 69.1% 67.5% 66.8% 58.0% 60.6% 2019 2020 2021 2022 9M-2023 Distribution Division - Product Distribution Distribution Division - Services & Supply of Spare Parts Manufacturing Division © 2023 QES Group
Slide 17: Analysis: Revenue Breakdown – By Industry
Analysis: Revenue Breakdown – By Industry 10.7% 9.3% 12.5% 14.5% 13.4% 17.6% 24.5% 18.8% 17.6% 20.0% 21.9% 22.2% 24.8% 20.3% 25.2% 51.2% 45.2% 46.8% 43.9% 39.6% 2019 2020 2021 2022 9M-2023 Semicon Automotive E&E Others © 2023 QES Group Berhad. All rights reserved.
Slide 18: Analysis: Semiconductor Industry Breakdown
Analysis: Semiconductor Industry Breakdown Group Revenue % of Semiconductor Semiconductor Applications % Revenue Breakdown Industry (JAN - SEP) (JAN - SEP) 62.6% 39.8% 51.0% 32.6% 32.8% 49.0% 37.4% 24.2% 19.4% 19.8% 13.1% 10.5% 3.9% 3.9% Automotive IC Memory & Mobile 5G OSD (Opto, Sensors Others TA
Slide 19: Analysis: Manufacturing equipment series revenue trend
Analysis: Manufacturing equipment series revenue trend Manufacturing Division - Revenue Breakdown (YoY) by Product Series © 2023 QES Group Berhad. All rights reserved.
Slide 20: Analysis: Equipment Installed Base - Cumulative
Analysis: Equipment Installed Base - Cumulative Manufacturing Total QES Group * 468 500 16,000 14,446 422 13,827 450 12,933 14,000 12,291 400 11,642 344 12,000 350 300 300 265 10,000 250 8,000 200 6,000 150 4,000 100 50 2,000 - - FY 19 FY 20 FY 21 FY 22 9M-2023 FY 19 FY 20 FY 21 FY 22 9M-2023 * Some
Slide 21: Resilient in an uncertain economy - Sustainability
Resilient in an uncertain economy - SUSTAINABILITY 1) Diverse Market 2) Geographical spread 3) Strong financials Segments & Products Extensive subsidiaries network ▪ Cash and cash equivalents of > ▪ > 30 years of being a one stop in ASEAN region. specialist in manufacturing, RM 80.3 million as at 30
Slide 22: Corporate Updates
Corporate Updates Event Planned activities and updates ❖ Target ground-breaking by Dec 2023/Jan 2024 (delayed from original timeline) QES @ Batu Kawan ❖ Expected completion by Q4 2024 ❖ On 7 July ‘23, QES appointed Messrs. KPMG PLT as the new external auditors, Change of External Auditors upon recei
Slide 23: Utilisation of Private Placement Proceeds - Updates
Utilisation of Private Placement Proceeds - Updates As of 30th September 2023 Revised Revised Proposed Actual Expected Utilisation Utilisation Balance Timeframe Purposes RM'000 RM'000 RM'000 for Utilisation (i) Factory capacity expansion 8,200 8,200 - Within 18 months from 30 Oct 2020 (ii) R&D on fu
Slide 24: Semiconductor Market Outlook 5-Year
Semiconductor Market Outlook 5-Year Revenue | USD 2021-2026 CAGR +4.5% IDC Semiconductor Market Outlook 23Q1
Slide 25: Semiconductor Market Outlook
Semiconductor Market Outlook © 2023 QES Group Berhad. All rights reserved.
Slide 26: Semiconductor Market Outlook
Semiconductor Market Outlook © 2023 QES Group Berhad. All rights reserved.
Slide 27: Semiconductor Market Outlook
Semiconductor Market Outlook © 2023 QES Group Berhad. All rights reserved.
Slide 28: ESG Targets and Action Plans: Environmental
ESG Targets and Action Plans Environmental ❖ QES promoting WEEE/ROHS analytical equipment to check and monitor hazardous elements (lead, mercury, cadmium etc) coming into consumer electronic products.. QES has installed more than 1,600 equipment to ensure compliances of these ozone depleting and haz
Slide 29: Harnessing Solar Power for a Sustainable Tomorrow
HARNESSING SOLAR POWER FOR A SUSTAINABLE TOMORROW The PV System size in place is 233.2kWp with an expected output of 302,011kWh per year. With these solar panels in place, we are looking to offset 237 tonnes of carbon dioxide, which is also saving the equivalent of:- Our solar journey showcases our
Slide 30: ESG Targets and Action Plans: Social and Governance
ESG Targets and Action Plans Social Governance ❖ Appropriate checks and balance via separate roles and ❖ Gender and racial diversity within employees. functions of Chairman and Managing Director / Approximately 30% female; 70% male President. employee in the entire Group. ❖ Strong oversight and acco
Slide 31: Thank You
THANK YOU QES Group Berhad Tel: (603) 5882 6668 No 2, Jalan Jururancang U1/21, Fax: (603) 5567 0811 HICOM Glenmarie Industrial Park, Email: investor.relations@qesnet.com Seksyen U1, 40150 Shah Alam, Selangor, Website: www.qesnet.com Malaysia © 2023 QES Group Berhad. All rights reserved.