Aem Holdings Ltd. · SGX:AWX
Aem — Q1 2019 Earnings Presentation
18 slides from Aem's earnings presentation, May 8, 2019
Slide 1: 1Q2019 Results Presentation
1Q2019 Results Presentation AEM Holdings Ltd | 8 May 2019
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to the current activities of AEM Holdings Ltd (“AEM”). It is given in summary form and does not purport to be complete. In addition, the presentation may contain forward- looking statements relating to financial trends for future peri
Slide 3: 1Q2019 Financial Performance
1Q2019 Financial Performance S$’M Revenue (Quarterly) S$’M PBT & Margin (Quarterly) 70.0 12.0 20.0% 60.0 65.7 10.0 10.0 18.0% 50.0 8.0 52.7 8.0 40.0 15.2% 15.1% 16.0% 39.3 6.0 30.0 4.7 14.0% 4.0 20.0 11.9% 2.0 12.0% 10.0 - - 10.0% 1Q18 4Q18 1Q19 1Q18 4Q18 1Q19 • Quarterly sales improved sequentially
Slide 4: Profit & Loss
Profit & Loss Qtr year-on-year Qtr sequential FY19 ($'000) 1Q2019 1Q2018 Change % 4Q2018 Change % Guidance Revenue 52,716 65,650 -19.7% 39,349 34.0% 225M - 250M Material cost (excl obsol) 32,515 43,585 -25.4% 22,546 44.2% Staff cost 8,273 8,305 -0.4% 7,296 13.4% Depreciation & amortisation 1,512 345
Slide 5: Cash and Cash Flow
Cash and Cash Flow S$'M Positive Cash Generated 65.0 Cash Balance Accumulated dividend payments & share buyback 55.0 Accumulated cash used for investment 58.9 54.7 45.0 46.3 42.5 35.0 25.0 15.0 5.0 1Q2018 2Q2018 3Q2018 4Q2018 1Q2019 S$'M Cash From Operations (before working capital changes) 14.0 11.
Slide 6: Financial Position
Financial Position 31-Mar-19 31-Dec-18 31-Mar-18 Financial position S$’000 S$’000 S$’000 Property, plant and equipment 5,865 5,725 4,381 Right of use assets 3,651 0 0 Intangible assets and goodwill 17,510 17,717 15,799 Cash and cash equivalents 54,693 58,890 42,986 Current assets less current liabil
Slide 7: Revenue Breakdown
Revenue Breakdown S$'M 70 1.9 (3%) 60 1.2 (2%) 50 30.8 (47%) 40 1.1 (3%) 34.2 (65%) 30 20.9 (53%) 20 32.9 (50%) 10 17.3 17.2 (33%) (44%) 0 1Q2019 1Q2018 4Q2018 Tools / Machine Kits, Spares & Services Precision Components Period S$'M % of Total Sales S$'M % of Total Sales Kits, Spares & Services Tool
Slide 8: Business & Operational Updates
Business & Operational Updates
Slide 9: How are we pulling our acquisitions together?
How are we pulling our acquisitions together? To enable our customers to deliver parts per billion assurance in an interconnected world with smarter testing The Interconnected 5G World IoT & AI, Cloud & Electric Mobile/ 5G Sensors Datacenters Vehicles/ AD Device & Infra Afore – MEMS, Wafer Level Qua
Slide 10: Grow Core Competencies and win new business
Grow Core Competencies and win new business 10
Slide 11: Plans and outlook for 2019
Plans and outlook for 2019 Our business is on a solid footing as our investments continue to pay off 1 HDMT platform is in full commercial deployment - expect occasional quarterly burst demand • Continue to see orders for the HDMT in 2019 • Dependent on customer replacement of older generation equip
Slide 12: Huawei Engagement for WideOptix
Huawei Engagement for WideOptix Multimode High bandwidth of 100Gbps to enable fiber for high data rate and low latency for 5G front-haul devices in dense areas Lower cost compared to single mode fiber Comprehensive bandwidth testing of cables Huawei’s required to ensure 5G quality Challenge No porta
Slide 13: Served Markets By AEM-TMS
Served Markets By AEM-TMS Premise Copper and fiber cable test Networks/ 2020 - 150M TAM (USD) Digital 2023 – 175M Automated Testing Infrastructure 2020: 535M Copper and fiber cable test Data 2023: 1B Copper connector and cord test automation 2020 - 50M Centers 2020 - 5M 2023 – 75M 2023 – 50M Exploit
Slide 14: Quantum Computing By Afore
Quantum Computing By Afore • 2018 Afore in co-operation with another Finnish company, Bluefors, stepped into agreement with Intel to develop Cryogenic prober • The system is first which enables testing of whole 300 mm wafers in temperatures close to absolute zero. • Shifts the testing from single-ch
Slide 15: NovoFlex Update
NovoFlex Update sAiLTM Customized Cards – unique logos, more secure, simpler manufacturing process, existing equipment • Letter of Authorisation with MasterCard and VISA • Protected by global patents • Securing pilots with several banks globally with backing from MasterCard • Growing ecosystem of ch
Slide 16: Focus on commercial development for Handler extensions, TMS and MEMS
Focus on commercial development for Handler extensions, TMS and MEMS Current generation of test handlers expected to hit maturity in 2019. Earnings will be driven by new handler platforms, consumables, new account programs, and new business units from 2019 and beyond 2017 2018 2019 • Strong growth r
Slide 17: Summary
Summary Proven ability to innovate and deliver solutions on the global stage Strategic relationship with one of the world’s largest semiconductor companies for >18 years in developing and manufacturing leading –edge test handlers and consumables Strong financial position Low debt and capital expendi
Slide 18: Thank You
Thank You Investor relations contact : Financial PR Pte Ltd Romil SINGH / Reyna Mei Tel: 6438 2990 / Fax: 6438 0064 E-mail: romil@financialpr.com.sg / reyna@financialpr.com.sg