Analogue Holdings Limited · HKEX:1977
Analogue — FY2022 Earnings Presentation
42 slides from Analogue's earnings presentation, Apr 4, 2023
Slide 1: Analogue Holdings Limited FY2022 Annual Results
ANALOGUE HOLDINGS LIMITED FY2022 Annual Results Investor Presentation 4 Apr 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 OUTLOOK & COMPANY FINANCIAL BUSINESS GROWTH Q&A OVERVIEW OVERVIEW REVIEW STRATEGIES 1 2 3 4 5 3
Slide 4: Company Overview
COMPANY OVERVIEW Leading E&M engineering 45 years of operating history with an service provider in Hong Kong 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 61 pa
Slide 5: Key Highlights
KEY HIGHLIGHTS Business Ethics Research and Development Capabilities ◼ Enhanced governance of operations through re-organisation, ◼ In-house research and development teams stand ready to drive innovation and new appointments and newly established procedures respond to changing trends Expansion to Ov
Slide 6: Extensive Market Recognition
EXTENSIVE MARKET RECOGNITION 6
Slide 7: Financial Review
FINANCIAL REVIEW
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS Sustained Market Leading Position Order Intake (HK$’M) Contracts-in-hand (HK$’M) 6,822 11,656.3 + 41.8% + 3.1% Revenue (HK$’M) Bank Balances and Cash (HK$’M) 6,474.7 976.0 + 21.0% + 21.7% Net Profit (HK$’M) Low Gearing Ratio 114.6 13.5% High Dividend Payout Ratio Special 45th An
Slide 9: Key Financial Data
KEY FINANCIAL DATA FY2022 FY2021 (HK$’M) (HK$’M) Growth Revenue 6,474.7 5,350.7 21.0% Gross profit 1,011.5 878.4 15.2% Gross profit margin 15.6% 16.4% (0.8 p.p.) Profit attributable to owners of the company 114.6 314.3 (63.6%) Basic earnings per share (cents) 8 22 (63.6%) Dividend per share (cents)
Slide 10: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$’M) (HK$’M) 4,257.1 5,394.4 3,378.7 4,249.7 1,233.5 944.7 1,117.3 947.3 631.4 16.5% 494.7 156.3 132.9 360.0 352.6 9.3% Revenue: +21.0% 83.3% 14.6% 2.1% 79.4% 17.7% 2.9% 65.7% 19.1% 9.8% 5.4% 5.4% 63.1% 20.9% 9.3% 6.7% 2.1% 2.9% Total: 6,474.
Slide 11: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31 Dec 2022 31 Dec 2021 (HK$’M) (HK$’M) Current assets 3,519.8 3,068.4 Current liabilities 2,413.5 1,972.1 Bank balances and cash 976.0 801.7 Net current assets 1,106.3 1,096.3 Total assets less current liabilities 2,398.8 2,477.1 Current ratio 1.5x 1.6x Gearing ratio 13.5
Slide 12: Stably & Proactively Returning Capital to Shareholders
STABLY & PROACTIVELY RETURNING CAPITAL TO SHAREHOLDERS 7.00 7.25 2022 Annual Payout Ratio* 3.85 5.07 3.82 4.02 4.27 4.50 52% 2022 Annual Dividend Yield^ 6.7% 8.92 10.82 11.27 8.77 FY2019 FY2020 FY2021 FY2022 Interim Second Interim/ Special Dividend Dividend per share (HK cents) *Excluding special di
Slide 13: Business Review
BUSINESS REVIEW
Slide 14: Building Services: Contracts-in-hand HK$5,438 million
Contracts-in-hand: HK$5,438 million, up 11.1% Segment Revenue (HK$’M) 3,975.8 3,103.0 274.8 268.8 +26.0% 6.6 6.9 FY2022 FY2021 Contracting work Maintenance work Sales of goods 14
Slide 15: 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 having Actively exploring opportunities in ◼
Slide 16: 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 Contract sum: Over HK$230M Contract sum: Over HK$860M Contract sum: Over HK$700M 16
Slide 17: Signature Projects
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector HKIA Three Runway System Project - North Runway Modification Works Contract sum: Over HK$740M 17
Slide 18: Signature Projects
SIGNATURE PROJECTS Construction of Data Centre for Construction, Operation and Maintenance of Government Data Centre Complex large local colocation company Contract sum: Over HK$1,070M Contract sum: Over HK$300M 18
Slide 19: Signature Projects
SIGNATURE PROJECTS Involvement in Greater Bay Area Hong Kong Jockey Club Conghua Racecourse Training Centre Galaxy Hotel Lot 4, Macau Phase II, Mainland China Contract sum: Over RMB170M Contract sum: Over MOP1,000M 19
Slide 20: Environmental Engineering: Contracts-in-hand HK$4,791 million
Contracts-in-hand: HK$4,791 million Segment Revenue (HK$’M) 790.4 628.5 383.7 407.5 59.4 81.3 +10.4% FY2022 FY2021 Contracting work Maintenance work Sales of goods 20
Slide 21: 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 Advance technologies and innovative New projects secured Public Private Partnership (
Slide 22: Signature Projects
SIGNATURE PROJECTS Organic Resources Recovery Centre Phase 1 Yuen Long Sewage Treatment Works (OPARK 1) and Yuen Long Effluent Polishing Plant Contract sum: Over HK$2,300M Contract sum: Over HK$1,200M 2022 Edmund Hambly Medal of the Institution of Civil Engineers (ICE), U.K. 22
Slide 23: Signature Projects
SIGNATURE PROJECTS Cheung Chau Sewage Treatment and Design, Build and Operate Food Waste Pre-treatment Facilities Disposal Facilities at Sha Tin Sewage Treatment Works Contract sum: Over HK$300M Contract sum: Over HK$110M 23
Slide 24: Signature Projects
SIGNATURE PROJECTS Maintenance Works in Castle Peak Power Station Term Contract for Inspection, Overhaul and Testing of E&M and Black Point Power Station Installations at Stonecutters Island Sewage Treatment Works Contract sum: Over HK$100M Contract sum: Over HK$410M 24
Slide 25: Signature Projects
SIGNATURE PROJECTS New Leachate Treatment Plant for Wastewater Treatment Plant, Croatia North East New Territories Landfill Extension (NENTX) Contract sum: Over HK$200M Contract sum: Over HK$27M 25
Slide 26: ICBT: Contracts-in-hand HK$888 million, up 1.3%
Contracts-in-hand: HK$888 million, up 1.3% Segment Revenue (HK$’M) 453.0 368.6 126.1 108.3 52.3 17.8 +27.6% FY2022 FY2021 Contracting work Maintenance work Sales of goods 26
Slide 27: 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 28: Signature Projects
SIGNATURE PROJECTS Comprehensive Solution of Smart Building Platform covering AI Energy Analytics, IoT Applications, Video Analytics, Installation of BMS, IoT and Energy Analytics for Walkable PV and Digital Twin for Proposed World Class Smart Fortune's Shopping Malls Office Building at 2 Murray Roa
Slide 29: Signature Projects
SIGNATURE PROJECTS IoT-based Smart Hostel Solution with IT Systems for the Multi-functional Smart Lampposts Pilot Scheme New Student Residence of HKU MiC project Contract sum: Around HK$30M Contract sum: Around HK$20M 29
Slide 30: Lifts and Escalators: Contracts-in-hand HK$540 million
Contracts-in-hand: HK$540 million Segment Revenue (HK$’M) 175.2 162.8 149.6 160.1 50.3 14.6 FY2022 FY2021 Contracting work Maintenance work Sales of goods 30
Slide 31: 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 Acclaimed Lifts and Escalators Brand New Technology New Market New Business Model ◼ Anlev Predictive Maintenance and ◼
Slide 32: Signature Projects
SIGNATURE PROJECTS Central-Mid-Levels Escalator and Walkway System Contract sum: Around HK$130M 32
Slide 33: Signature Projects
SIGNATURE PROJECTS Provision of Universal Accessibility Facilities at Footbridges, Series Projects of Puzzle Stacking Automated Parking System Elevated Walkways and Subways Contract sum: Around HK$10M Contract sum: Over HK$20M 33
Slide 34: Signature Projects
SIGNATURE PROJECTS Design and Construction of Joint-user Government Office Victoria Riverside, Iconic and Prestigious Residential Project Building in Tseung Kwan O in Manchester, United Kingdom Contract sum: Around HK$56M Contract sum: Over GBP£1.5M 34
Slide 35: Signature Projects
SIGNATURE PROJECTS Residential and Heavy-duty Lifts, Singapore Contract sum: Over HK$1M 35
Slide 36: Signature Projects
SIGNATURE PROJECTS Mass transportation in São Paulo, Brazil Hotels in Monterrey, Mexico Contract sum: Around US$0.52M Contract sum: Over US$0.3M 36
Slide 37: Maintenance Business
MAINTENANCE BUSINESS Generate Recurring Revenue FY2022 FY2021 Contribution to the FY2022 HK$947.3M HK$944.7M Group’s revenue 14.6% + 2.8% Term Contract of MTR Shatin Maintenance Contracts for Central Link Tuen Ma Line Two ifc and ifc mall Contract sum: over HK$100M Contract sum: around HK$10M ◼ Mech
Slide 38: Outlook & Growth Strategies
OUTLOOK & GROWTH STRATEGIES
Slide 39: Market Opportunities
MARKET OPPORTUNITIES Infrastructure ◼ Major infrastructure projects, including new towns in the New Territories and expansion of the Hong Kong-Zhuhai-Macau Bridge ◼ Demand for residential and commercial property to grow steadily in Hong Kong’s property market Data Centre ◼ Hong Kong remains one of t
Slide 40: New Chapter of Growth
NEW CHAPTER OF GROWTH New Technology ◼ Achieve continuous improvement and adopt new technologies across all business segments ◼ Further invest in R&D of Digital Twin, IoT, AI, Big Data Analytics, MiC, MiMEP, BIM, and robotic solutions New Market ◼ Seek opportunities for synergistic business partners
Slide 41: @ATAL
@ATAL
Slide 42: Thank You
THANK YOU