Analogue Holdings Limited · HKEX:1977
Analogue — H1 2023 Earnings Presentation
47 slides from Analogue's earnings presentation, Aug 28, 2023
Slide 1: FY2023 Interim Results Investor Presentation
(Stock Code : 1977) ANALOGUE HOLDINGS LIMITED FY2023 Interim Results Investor Presentation 28 August 2023
Slide 2: Disclaimer
DISCLAIMER Disclaimer • All information including statements, views and opinions contained herein this report, this presentation and accessory discussions whether in writing, orally provided or in any other form (the “Information”) does not constitute an offer of any form for the purposes of any app
Slide 3: Contents
CONTENTS NEW OUTLOOK & COMPANY FINANCIAL BUSINESS HEADQUARTERS GROWTH Q&A OVERVIEW REVIEW REVIEW ATAL TOWER STRATEGIES 1 2 3 4 5 6 2 3
Slide 4: Company Overview
COMPANY OVERVIEW Leading E&M engineering Over 45 years of operating history with service provider in Hong Kong an extensive client portfolio Provide comprehensive E&M engineering and technology services to private and public sectors Pioneer technical excellence and R&D; • Building Services garnered
Slide 5: Key Highlights
KEY HIGHLIGHTS Commitment to Innovation Business Ethics ◼ Invest in digital transformation of smart building technologies and timely ◼ Enhance operational and management effectiveness and to fully implement introduction of innovative solutions industry governance practices through reorganisation, ne
Slide 6: Financial Review
FINANCIAL REVIEW
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS Sustained Market Leading Position Order Intake (HK$’M) 3,460.8 Contracts-in-hand (HK$’M) 12,276.0 Revenue (HK$’M) 2,841.1 Bank Balances and Cash (HK$’M) 835.1 Net Profit (HK$’M) 237.5^ Low Gearing Ratio + 301.4% 12.2% High Dividend Payout Ratio - 1.3p.p. 50% ^ Including the dilu
Slide 8: Key Financial Data
KEY FINANCIAL DATA 1H2023 1H2022 (HK$’M) (HK$’M) Growth Revenue 2,841.1 3,021.7 (6.0%) Gross profit 453.8 457.6 (0.8%) Gross profit margin 16.0% 15.1% 0.9 p.p. Profit attributable to owners of the company 237.5^ 59.2* 301.4% Basic earnings per share (cents) 17 4 297.8% Dividend per share (cents) 8.5
Slide 9: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$’M) (HK$’M) 2,503.0 2,219.7 2,035.6 1,748.0 622.5 565.1 499.5 460.0 310.9 303.4 159.6 183.2 56.3 58.7 61.5% 21.9% 11.0% 5.6% 67.4% 16.5% 10.0% 6.1% 78.1% 19.9% 82.8% 15.2% 2.0% 1.9% Total: 2,841.1 Total: 3,021.7 Total: 2,841.1 Total: 3,021.7
Slide 10: Healthy Financial Position
HEALTHY FINANCIAL POSITION 30 June 2023 31 Dec 2022 (HK$’M) (HK$’M) Current assets 3,411.1 3,519.8 Current liabilities 2,222.5 2,413.5 Bank balances and cash 835.1 976.0 Net current assets 1,188.7 1,106.3 Total assets less current liabilities 2,509.8 2,398.8 Current ratio 1.5x 1.5x Gearing ratio 12.
Slide 11: Stably & Proactively Returning Capital to Shareholders
STABLY & PROACTIVELY RETURNING CAPITAL TO SHAREHOLDERS 8.52 7.25 7.00 5.07 2023 Interim 4.02 4.27 4.50 Payout Ratio 3.85 3.82 50% 8.92 10.82 11.27 8.77 8.52 FY2019 FY2020 FY2021 FY2022 1H2023 Dividend per share (HK cents) 11
Slide 12: Business Review
BUSINESS REVIEW @ATAL
Slide 13: Building Services: Contracts-in-hand HK$6,150.3 million
Contracts-in-hand: HK$6,150.3 million Segment Revenue: (HK$’M) 1,910.3 1,561.5 184.4 122.5 2.1 2.8 1H2023 1H2022 Contracting work Maintenance work Sales of goods 13
Slide 14: Building Services: one-stop E&M services
Largest business segment providing one-stop E&M services (HVAC, FS, P&D, EL and ELV) Institutional Industrial Healthcare Infrastructure Data Centre Residential Commercial New Technology New Market New Business Model Over 50% of building services projects adopted Huge potential for Data Centres HK$54
Slide 15: Signature Projects
SIGNATURE PROJECTS Reprovisioning of Proposed Commercial Development at AIRSIDE, Fu Shan Public Mortuary New Kowloon Inland Lot No. 6557, Kai Tak Development Kai Tak Development 15
Slide 16: Signature Projects
SIGNATURE PROJECTS United College Choi Kai Yau Residence Student Hostel at Shaw Campus of CUHK Capital Development Complex at of CUHK Pokfield Road Site of HKU 16
Slide 17: Signature Projects
SIGNATURE PROJECTS Term Maintenance Contracts from Hong Kong Housing Authority 17
Slide 18: Signature Projects
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector HKIA Three Runway System Project – North Runway Modification Works 18
Slide 19: Signature Projects
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector Various Large-Scale Data Centre Projects for a Hong Kong Major Data Centre Service Provider 19
Slide 20: Signature Projects
SIGNATURE PROJECTS Involvement in Greater Bay Area Hong Kong Jockey Club Conghua Racecourse Galaxy Hotel Lot 4, Macau Training Centre Phase II, Mainland China 20
Slide 21: Environmental Engineering: Contracts-in-hand HK$4,598.9 million
Contracts-in-hand: HK$4,598.9 million Segment Revenue: (HK$’M) 365.6 281.5 232.9 190.7 +24.6% 24.1 27.3 1H2023 1H2022 Contracting work Maintenance work Sales of goods 21
Slide 22: Environmental engineering total solutions
Delivering total solutions covering design, build, operation (DBO) and maintenance of environmental engineering facilities Water Sewage Sludge Solid Wastes Gas Treatment New Technology New Market New Business Model Advanced technologies and innovative Active overseas tendering Public Private Partner
Slide 23: Signature Projects
SIGNATURE PROJECTS In-situ Reprovisioning of Sha Tin Water Treatment Works Term Contract for Inspection, Overhaul and Testing of E&M (South Works) Installations at Stonecutters Island Sewage Treatment Works 23
Slide 24: Signature Projects
SIGNATURE PROJECTS Cheung Chau Sewage Treatment and Disposal Facilities Organic Resources Recovery Centre Phase 1 (O PARK1) 24
Slide 25: Signature Projects
SIGNATURE PROJECTS Design, Build and Operate Food Waste West New Territories (WENT) Landfill Gas New Leachate Treatment Plant for Pre-treatment Facilities at Phase II Development North East New Territories Landfill Sha Tin Sewage Treatment Works Extension (NENTX) 25
Slide 26: Signature Projects
SIGNATURE PROJECTS Maintenance Works in Castle Peak Power Station ATAL Multi-Stages Flocculation Sedimentation III (AMSFS III) and Black Point Power Station 26
Slide 27: ICBT: Contracts-in-hand HK$940.8 million
Contracts-in-hand: HK$940.8 million Segment Revenue: (HK$’M) 227.1 221.2 58.0 64.5 +2.5% 25.8 17.7 1H2023 1H2022 Contracting work Maintenance work Sales of goods 27
Slide 28: Green and intelligent building solutions for Smart City
Offering green and intelligent building solutions with integrated ICT and building energy & management technologies to facilitate Hong King’s evolution towards a Smart City Smart Mobility Smart Living Smart Environment Smart People Smart Economy New Technology New Market New Business Model ◼ AI-enab
Slide 29: Signature Projects
SIGNATURE PROJECTS Comprehensive Solution of Smart Building Platform covering Installation of BMS, IoT and Energy Analytics for AI Energy Analytics, IoT Applications, Video Analytics, Fortune's Shopping Malls Walkable PV and Digital Twin for Proposed World-Class Smart Office Building on 2 Murray Roa
Slide 30: Signature Projects
SIGNATURE PROJECTS IoT-based Smart Hostel Solution for Multi-functional Smart Lampposts Pilot Scheme New Student Residence and Staff Quarters of HKU 30
Slide 31: Signature Projects
SIGNATURE PROJECTS BMS, IoT, ELV System and ICT Systems in a World-Class Video Analytics Technology in one of the Smart Office and Commercial Building in Causeway Bay Biggest Shopping Malls in Tai Wai 31
Slide 32: Lifts and Escalators: Contracts-in-hand HK$586.0 million
Contracts-in-hand: HK$586.0 million, up 13.7% Segment Revenue: (HK$’M) 89.8 90.0 82.3 65.5 10.9 4.3 1H2023 1H2022 Contracting work Maintenance work Sales of goods 32
Slide 33: One-stop lifts, escalators and moving walkways solutions
Providing one-stop solutions from design, manufacturing, sales, installation, maintenance and modernisation of lifts, escalators and moving walkways Lifts Escalators Moving Walkways A New Lift and Escalator Vision New Technology New Market New Business Model ◼ Anlev Predictive Maintenance and ◼ Incr
Slide 34: Signature Projects: Central to Mid-Levels Escalator
SIGNATURE PROJECTS Central to Mid-Levels Escalator and Walkway System 34
Slide 35: Signature Projects
SIGNATURE PROJECTS Design and Construction of Joint-user Government Provision of Universal Accessibility Facilities at Footbridges, Office Building in Tseung Kwan O Elevated Walkways and Subways 35
Slide 36: Signature Projects
SIGNATURE PROJECTS Construction Project of Elevator Reconstruction Project of Sunken Plaza and Visitor Centre in North Square of Nanjing South Railway Station, Mainland China 36
Slide 37: Signature Projects
SIGNATURE PROJECTS Victoria Riverside, Iconic and Prestigious Residential Project Mixed-use Residential Building, Canada in Manchester, United Kingdom 37
Slide 38: Signature Projects: Lifts, Singapore
SIGNATURE PROJECTS Residential and Heavy-duty Lifts, Singapore 38
Slide 39: Signature Projects: Brazil and Mexico
SIGNATURE PROJECTS Mass Transportation, Brazil Hotels in Monterrey, Mexico 39
Slide 40: Maintenance Business
MAINTENANCE BUSINESS Generate Recurring Revenue 1H2023 1H2022 Contribution to the 1H2023 HK$565.1M HK$460.0M + 22.9% Group’s revenue 19.9% + 4.7 p.p. Housing Authority Maintenance Contracts for ◼ 3-year Term Maintenance Contracts for Two ifc and ifc mall Fire Service Installation and Water Supply Sy
Slide 41: New Headquarters: ATAL Tower
NEW HEADQUARTERS: ATAL TOWER
Slide 42: Green Transformation of New Headquarters – ATAL Tower
GREEN TRANSFORMATION OF NEW HEADQUARTERS – ATAL TOWER 42
Slide 43: Outlook & Growth Strategies
THANK OUTLOOK YOU & GROWTH STRATEGIES
Slide 44: Market Opportunities
MARKET OPPORTUNITIES Infrastructure ◼ Total annual construction output in Hong Kong is projected to reach approximately HK$300 billion annually in next 10 years ◼ Government plans to increase annual capital works expenditure to over HK$100 billion in coming years ◼ Significant investments in housing
Slide 45: New Chapter of Growth
NEW CHAPTER OF GROWTH New Technology ◼ Apply new technologies across business segments ◼ Further invest in R&D of Digital Twin, IoT, AI, Big Data Analytics, BIM, MiC, MiMEP, other construction technologies and robotic solutions New Market ◼ Explore suitable synergistic business partnerships to furth
Slide 46: Q&A
Q&A
Slide 47: Thank You
THANK YOU