Slide 1: Aztech Global Ltd. FY2022 Results Presentation
Aztech Global Ltd. FY2022 Results Presentation 17 February 2023
Slide 2: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 3: FY2022 Results
FY2022 Results 1. Financial Performance Review 2. Business Update 3. Outlook © 2022 Aztech Global Ltd.
Slide 4: Financial Performance Review
Financial Performance Review Design to Build Resilient & Sustainable Manufacturability © 2022 Aztech Global Ltd.
Slide 5: FY2022 Key Financial Highlights
FY2022 Key Financial Highlights Record Revenue Performance impacted by foreign exchange loss Higher net cash balance As at 31 December 2022 Revenue EBITDA Effective Tax Rate Net Cash NAV/Share $820.2M $90.3M 16.8% $210.9M 37 Cents 31 December 2021: 31 December 2021: $186.8 M 38 Cents Net Profi
Slide 6: Proposed Second and Final Dividend
Proposed Second and Final Dividend Proposed Second and Final Tax-Exempt Dividend Per Share of 1.5 cents Interim Dividend Per Share Proposed Second and Final Total Tax Exempt Dividend Paid on 23 Nov 2022 Tax Exempt Dividend Per Per Share for FY2022 Share 3 cents 1.5 cents 4.5 cents Total dividend p
Slide 7: Yearly Trend FY2018 – FY2022 Performance Trend
Yearly Trend FY2018 – FY2022 Performance Trend $ Million FY2018 FY2019 FY2020 FY2021 FY2022 Revenue 346.8 428.8 484.3 624.4 820.2 EBITDA 30.4 64.3 76.3 95.8 90.3 Pre-tax Profit 22.1 54.8 66.5 85.0 80.7 PBT Margin (%) 6.4 12.8 13.7 13.6 9.8 Income Tax Expense (2.1) (7.6) (10.8) (10.6) (13.5) Effectiv
Slide 8: FY2022 Results Y-o-Y Comparison
FY2022 Results Y-o-Y Comparison Achieved record revenue in FY2022 (FY2018-FY2022 CAGR: 24.0%) Revenue ($million) Growth 31.4% 820.2 624.4 484.3 428.8 346.8 FY2018 FY2019 FY2020 FY2021 FY2022 © 2022 Aztech Global Ltd. All currencies are in Singapore dollars unless otherwise specified.
Slide 9: FY2022 Net Profit stood at $67.2 million
FY2022 Results Y-o-Y Comparison FY2022 Net Profit stood at $67.2 million $ Million FY2022 FY2021 Change FY2022 performance benefited from productivity and operational efficiency Revenue 820.2 624.4 31.4% gains, cost control measures & increase EBITDA 90.3 95.8 (5.7%) in interest income but were part
Slide 10: 2H 2022 Results Y-o-Y Comparison
2H 2022 Results Y-o-Y Comparison Achieved Record 2H 2022 Revenue $ Million 2H 2022 2H 2021 Change 2H 2022 performance benefited from Revenue 455.7 374.7 21.6% record revenue, productivity and operational efficiency gains, cost control EBITDA 35.2 56.9 (38.1%) measures & increase in interest income P
Slide 11: 4Q 2022 Results Y-o-Y Comparison
4Q 2022 Results Y-o-Y Comparison 4Q 2022 Achieved a Net Profit of $3.5 million $ Million 4Q 2022 4Q 2021 Change 4Q 2022 performance was impacted by Revenue 213.3 233.7 (8.7%) foreign exchange loss. EBITDA 6.2 33.9 (81.7%) Profit Before Tax 4.1 31.1 (86.8%) PBT Margin (%) 1.9 13.3 (1,140 bps) Income
Slide 12: Foreign Exchange Risk Management Approach
Foreign Exchange Risk Management Approach Adopt Conservative Approach to Foreign Exchange Risk Management: Conservative & Hedge only operational needs denominated in foreign currencies Stringent Approach Establish foreign currency risk management framework with policy limits on duration, quantum and
Slide 13: FY2022 Revenue by Segments
FY2022 Revenue by Segments IoT Devices & Data-Communications Products – Key Revenue Contributor Revenue Segment Revenue Revenue by Countries (in $ million) (in %) (in %) 2021 2022 © 2022 Aztech Global Ltd. All currencies are in Singapore dollars unless otherwise specified.
Slide 14: Balance Sheet Summary as at 31 December 2022
Balance Sheet Summary as at 31 December 2022 Healthy Balance Sheet & Net Cash Position As at 31 December 2022, the Group reported a ($ million) 31 December 2022 31 December 2021 net cash of $210.9 million, while accumulated Cash & Bank Balances 216.2 201.5 profits increased by 5.9% to $96.7 million
Slide 15: Business Update
Business Update Design to Build Resilient & Sustainable Manufacturability © 2022 Aztech Global Ltd.
Slide 16: Acquired 300,000 sq ft Pasir Gudang Facility in Malaysia
Acquired 300,000 sq ft Pasir Gudang Facility in Malaysia Expansion of Manufacturing Capacity in Malaysia To meet anticipated demand growth from existing and potential new customers Built up area of 300,000 sq ft and is equipped with SMT, final assembly, test and packaging capabilities Expects
Slide 17: 4Q 2022 Order Book Update
4Q 2022 Order Book Update Strong Order Book -Order book as at 31 December 2022 was $633.9 million, and the Group has since received additional orders of $84.7 million as at 17 February 2023, thus bringing its total order book secured to date to $718.6 million, scheduled for completion in FY2023. Ord
Slide 18: Outlook
Outlook Design to Build Resilient & Sustainable Manufacturability © 2022 Aztech Global Ltd.
Slide 19: Navigating The Challenging Operating Landscape
Navigating The Challenging Operating Landscape Challenges: Supply chain challenges Inflationary cost pressures mainly from materials and components costs Softening of consumer electronic demand in major markets of US, EU and UK amidst tightening of monetary policies by major central banks to curb in
Slide 20: Cautiously Optimistic Outlook
Cautiously Optimistic Outlook The Group is cautiously optimistic of its business, and will continue to take various mitigation measures to manage the myriad of challenges: Mitigation measures - Disciplined balance sheet management and cost control measures - Conservative & stringent management of th
Slide 21: Thank You
Thank You 17 February 2023