Playmates Toys Limited · HKEX:869
Playmates Toys — H1 2022 Earnings Presentation
16 slides from Playmates Toys's earnings presentation, Aug 19, 2022
Slide 1: Playmates Toys Limited 2022 Interim Results Briefing
Playmates Toys Limited 2022 Interim Results Briefing 19 August 2022
Slide 2: Forward-Looking Statements
Forward‐Looking Statements This presentation and subsequent discussion may contain forward‐looking statements with respect to the financial condition, results of operation and business of Playmates Toys Limited. Such forward‐looking statements represent expectations or beliefs concerning future even
Slide 3: Content
Content About Playmates Toys Our Mission Our Latest Performance Our 2022 Interim Results Reflected Financial Performance Looking Forward 3
Slide 4: About Playmates Toys
About Playmates Toys Founded: 1966 First Group listing: 1984 HKSE#0869 – Playmates Toys Limited A leading manufacturer of promotional toys Create, design, market & distribute branded products worldwide More information – www.playmatestoys.com 4
Slide 5: Our Mission
Our Mission We strive to create superior shareholder value by selectively investing in proprietary and licensed brands and delivering quality, safe, and innovative toys to the consumers while managing costs prudently to maximize operational leverage. 5
Slide 6: Our Latest Performance
Our Latest Performance 6
Slide 7: Our 2022 Interim Results Reflected
Our 2022 Interim Results Reflected 25% year-over-year increase in turnover driven by: The expansion of our Miraculous: Tales of Ladybug & Cat Noir toy line Partially offset by a contraction in Godzilla vs Kong products sales Gross profit ratio contraction from 52% to 49% due to: Higher ocean freight
Slide 8: Financial Performance: Income Statement Highlights
Financial Performance Income Statement Highlights HK$ Million 1H2022 1H2021 +/‐% Revenue 267.5 214.0 +25.0% Gross Profit 130.6 111.0 +17.6% Marketing (56.0) (34.1) +64.1% Selling & Distribution (14.0) (11.9) +17.3% Administration (41.8) (49.5) ‐15.4% Operating Profit 18.7 15.5 +21.0% (Loss)/Profit b
Slide 9: Financial Performance: Margin Analysis
Financial Performance Margin Analysis Cost of Sales Marketing 120% Selling & Distribution 100% Administration 51.2% 48.1% Others 80% Income Tax 60% Net Profit 20.9% 16.0% 40% 5.6% 5.2% 15.6% 23.1% 20% 7.6% 6.8% 0% 1H2022 1H2021 9
Slide 10: Financial Performance: Revenue Breakdown by Regions
Financial Performance Revenue Breakdown by Regions 1H2022 1H2021 2.1% 0.5% 3.9% 3.8% 2.6% 25.3% 23.1% 58.6% 63.9% 9.6% 6.6% HK$267.5M HK$214.0M U.S.A. Other Americas Europe Australasia Asia Others 10
Slide 11: Financial Performance: Balance Sheet Highlights
Financial Performance Balance Sheet Highlights HK$ Million 30/6/2021 30/6/2022 Inventories 18.7 67.8 Trade Receivables 62.6 59.3 Cash & Bank Balances 985.8 912.2 Net Current Assets 923.9 923.3 Net Assets 966.6 970.2 Net Asset per Share (HK$) 0.82 0.82 Gearing Ratio 0.0 0.0 Current Ratio 5.6 5.0 11
Slide 12: Looking Forward
Looking Forward 12
Slide 13: Looking Forward
Looking Forward Headwinds in operating environment include: Persistent high inflation leading to a slowdown in consumer demand for non‐essential goods Pull‐forward in inventory purchases in response to supply chain disruptions over the past year has led to elevated inventory levels Continuation of M
Slide 14: Miraculous: Tales of Ladybug & Cat Noir TV show continues to air
The highly popular Miraculous: Tales of Ladybug & Cat Noir TV show continues to air in over 120 countries worldwide and streams across multiple digital platforms An upcoming animated musical move, Ladybug & Cat Noir Awakening, is scheduled for global release in 2023 We are actively working on produc
Slide 15: STAR TREK
STAR TREK We are making a much-anticipated return as the global master licensee for figures, vehicles and ships, role play and other categories for Star Trek Summer 2022 toy launch includes some of the most iconic characters in the Star Trek universe, including its most famous Captains and First Off
Slide 16: Thank you!
Playmates Toys Limited Thank you!