Scientex Bhd. · MYX:SCIENTX
Scientex Bhd — Q1 FY2015 Earnings Presentation
16 slides from Scientex Bhd's earnings presentation, Dec 17, 2014
Slide 1: Powered by Twin Engines: 1Q15 Corporate Update & Financial Results
(Company No.: 7867-P) Powered by Twin Engines Corporate Presentation 1Q15 Corporate Update & Financial Results 17 December 2014 IR Adviser
Slide 2: Contents
CONTENTS Powered by Twin Engines • Operations Review & Growth Plans • 1Q15 Financial Review • Investment Merits 2
Slide 3: Operations Review & Growth Plans
Powered by Twin Engines OPERATIONS REVIEW & GROWTH PLANS
Slide 4: Operations Review: Manufacturing
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Consumer packaging grew steadily on expanded PE film capacity and larger clientele…slower stretch film exports offset by higher ASPs 1Q15 Stretch Film Revenue RM157.5 mil Stretch film 1Q15 revenue marginally declined
Slide 5: Operations Review: Property
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Sizeable unbilled sales of RM631.1 million to be recognized over the next 2-3 years… 1Q15 Property Update Property development revenue up 46.5% yoy to RM110.8 Ongoing GDV RM283 mil mil in 1Q15 Ongoing GDV RM539 mil U
Slide 6: Growth Plans: Manufacturing
Operations Review Growth GrowthStrategies Strategies Financial Highlights Investment Merits Appendix On track to become the largest blown film manufacturer in Malaysia by 2015…embarking on vertical expansion in consumer packaging 2013 2016 New blown film lines currently in installation phases, on tr
Slide 7: 1Q15 Financial Review
Powered by Twin Engines 1Q15 FINANCIAL REVIEW
Slide 8: 1Q15 Income Statement Summary
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Revenue records double-digit growth from higher manufacturing and property sales… 1Q15 1Q14 Change RM'mil Remarks Dri ven by hi gher property devel opment a nd 431.1 364.8 18.2% Revenue cons umer pa cka gi ng s a l e
Slide 9: Revenue & EBITDA Segmentation
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Strong growth in property segment from affordable housing demand offsets weaker manufacturing earnings for the quarter... 1Q14 Group Revenue: RM364.8 mil 1Q15 Group Revenue: RM431.1 mil +46.5% +10.8% 20.7% yoy yoy 25
Slide 10: Financial Review: Manufacturing
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Manufacturing sales mainly driven by consumer packaging although penetration strategy to increase market share resulted in temporarily softer margins… Manufacturing Revenue & Gross Margin Stretch Film Sales RM’mil RM
Slide 11: Financial Review: Property Development
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Property segment continues commendable performance…growth going forward to be enhanced by demand for affordable housing in Johor Revenue & Gross Margin RM’mil 44.2% 47.0% 44.1% 44.2% 42.6% 42.2% 37.8% Steady demand f
Slide 12: Balance Sheet (Highlights)
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Net gearing at comfortable level even as capacity expansions are ongoing…larger asset base reflecting recent landbanking and expanded manufacturing operations As at As at Balance Sheet (RM ‘000) Remarks 31.10.2014 31
Slide 13: Investment Merits
Powered by Twin Engines INVESTMENT MERITS
Slide 14: Investment Merits
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix A high-growth proposition all-round... attractive proxy to the burgeoning packaging sector and Southern Malaysia property market MANUFACTURING PROPERTY DEVELOPMENT • Top 3 stretch film producer in the world • Reputab
Slide 15: Dividend History
Operations Review Growth Strategies Financial Highlights Investment Merits Appendix Declared final single tier dividend of 13 sen per share… FY14 Dividend Payout RM’mil 74.0% Dividend History RM47.1Million 49.2% 48.0% 49.8% 52.1% RM29.4 mil 36.6% 36.1% 33.4% 35.9% payable on 28.7% 28.8% 32.1% 31.7%
Slide 16: Thank You
Powered by Twin Engines Thank You Contacts: Ms. Jocelyn Ng jocelynbnng@scientex.com.my T: 03-5519 1325 Ms. Julia Pong julia@aquilas.com.my T: 03-2711 1391