Nordic Group Limited · SGX:MR7
Nordic — H1 2023 Earnings Presentation
19 slides from Nordic's earnings presentation, Aug 28, 2023
Slide 1: 1H2023 Results Presentation
Building Momentum, Capturing Opportunities 1H2023 Results Presentation 28 August 2023
Slide 2: Disclaimer
Disclaimer • This presentation (this “Presentation”) has been prepared by Nordic Group Limited (“Nordic” or the “Company”) for information purposes only and has not been independently verified. It is not the intention to provide, and you may not rely on this Presentation as providing, a complete or
Slide 3: Accolade: Forbes Asia's Best Under A Billion
Accolade Nordic named in Forbes Asia’s Best Under A Billion list for the second consecutive year The accolade featured 200 Asia-Pacific public companies with less than $1 billion in sales and have consistently achieved top- and bottom-line growth. 3
Slide 4: Financial Highlights for 1H2023
Financial Highlights for 1H2023 Revenue Net profit EBITDA $89.4m ↑12% $10.1m ↓13% $15.0m ↓12% 1H22: $79.8m 1H22: $11.6m 1H22: $17.1m GPM NPM EBITDA margin 25% ↓4ppts 11% ↓4ppt 17% ↓4ppts 1H22: 29% 1H22: 15% 1H22: 21% Order book EPS NAV per share $202.4 m 2.5 cents 28.9 cents ↓17% ↑5% as at 30 Jun 20
Slide 5: Financial Review: Income Statement Highlights
Financial Review Income Statement Highlights S$'000 Unaudited 1H2023 Unaudited 1H2022 Change (%) Revenue 89,413 79,763 12 Gross Profit 22,095 23,047 (4) Gross Profit Margin 25 29 (4) ppts[1] Net Profit after Tax 10,100 11,616 (13) Net Profit Margin 11 15 (4) ppt EBITDA 15,013 17,143 (12) EBITDA Marg
Slide 6: Financial Review: Revenue, GP, NP, EBITDA Margins
Financial Review Revenue, GP, NP, EBITDA Margins 35 33 200 31 30 28 28 27 26 26 162.8 25 25 24 22 25 150 23 25 20 22 20 20 18 17 17 19 17 16 16 16 17 16 103.1 100 15 91.5 91.7 89.4 1.4 3.8 84.6 14 15 80.5 81.9 80.8 13 72.4 66.2 13 94.6 60.3 12 10 11 9 48.4 10 49.8 11 50 9 41.6 39.3 8 50.1 53.5 55.7
Slide 7: Net profit
Net profit 25 Covid-19 20 20.9 15 15.3 13.9 12.7 10 11.3 10.5 10.1 8.5 7.9 7.1 5 6.1 5.5 4.6 1.8 0 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 1H2023 7
Slide 8: Financial Review: Balance Sheet Highlights
Financial Review Balance Sheet Highlights Unaudited as Unaudited as S$'000 at 30 Jun 2023 at 31 Dec 2022 Current Assets 153,701 139,083 Non-current Assets 96,133 98,726 Current Liabilities 120,508 102,537 Non-current Liabilities 13,777 25,256 Total Equity 115,549 110,016 Cash and Cash Equivalents 56
Slide 9: Financial Review: Borrowings, Cash and Net Gearing
Financial Review As at end of S$’000 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 1H2023 Total 25,320 32,155 28,085 46,612 48,807 44,069 45,873 60,262 72,107 81,916 Borrowings Cash and Cash 32,799 35,566 32,325 40,291 39,232 43,200 57,512 75,337 55,915 56,472 Equivalents Net (7,479
Slide 10: Order Book
Order Book (S$m) 270 232.5 220 202.4 170 166 139.5 120 149.3 98.7 92.7 92 105.6 89 70 48.3 48 42.9 61.4 30 30.9 39.2 93.0 19.4 21.6 60.4 20 39.2 50.4 44.7 49.1 53.1 19.4 30 30.9 21.6 27.6 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 1H2023 -30 - Project - Maintenance
Slide 11: Contracts Win (August 2023)
Contracts Win August 26, 2023 - Total value: S$40.8 m ➢ System Integration: manufacture of valves and actuators, control and tank gauging systems and E&I work ➢ Precision Engineering: capital contracts for machining and mechanical assembly. Certain contracts are for green energy components ➢ Scaffol
Slide 12: Contracts Win (April 2023)
Contracts Win April 5, 2023 - Total value: S$22.6 m ➢ System Integration: manufacture of valves and actuators, control and tank gauging systems and maiden contribution of E&I work from a new customer ➢ Precision Engineering: capital contracts for machining and mechanical assembly ➢ Scaffolding and i
Slide 13: Revenue Contribution by Services
Revenue Contribution by Services FY2020 FY2021 FY2022 1H2023 18.7, 8.9, 13.4, 13% 27.7, 17% 12% 14.5, 16% 10% 16.7, 20% 20.1, 25% 23.6, 23% 12.0, 14% 25.2, 15% 21.1, 20% 13.1, 16% 9.2, 10% 10.4, 13% 13.9, 14% 45.1, 28% 15.4, 9% 32.1, 36% 17.2, 4.7, 5% 9.7, 12% 11.1, 14% 8.0, 12.1, 12% 19.0, 18% 13.5
Slide 14: Revenue Contribution by Industry
Revenue Contribution by Industry FY2020 FY2021 FY2022 1H2023 14% 12% 9% 17% 17% 16% 20% 26% 1% 4% 14% 18% 18% 10% 1% 9% 2% 16% 25% 6% 1% 16% 1% 2% 5% 2% 2% 10% 31% 3% 10% 4% 4% 5% 8% 2% 37% 1% 1% Onshore/Downstream Reclassification of 4% was done from EMS to Semiconductor in Marine/Upstream 12M2022
Slide 15: Dividends Paid
Dividends Paid Final / Interim / Amount per Total annual Payment date Financial Year Payout ratio Special share (cents) dividend (cents) Sep 4, 2023 2023 Interim 1.001 1.001 40% May 17, 2023 Final 0.906 2.068 40% 2022 Sep 2, 2022 Interim 1.162 40% May 17, 2022 Special 0.152 1.74 10% May 17, 2022 Fin
Slide 16: Dividend Per Share and Dividend Yield
Dividend Per Share and Dividend Yield Dividend yield (%) and dividend per share (cents) 7.000 5.87 6.000 Extrapolated 5.000 4.53 4.52 4.60 4.35 4.24 4.000 2.94 2.98 2.87 2.78 Extrapolated 3.000 2.55 2.48 2.36 2.34 2.002 2.068 2.000 1.740 1.526 1.268 1.132 1.050 0.848 1.000 0.530 0.500 0.549 0.250 0.
Slide 17: Nordic's Share Buyback
Nordic’s Share Buyback – renewed on 24 April 2023 AGM CUMULATIVE % OF TOTAL NO MONTH OF ACQUISITION QUANTITY CUMULATIVE VOLUME OF ISSUED SHARES ** Share Buyback by way of Market Acquisition May 2022 263,900 263,900 0.07 VOLUME WEIGHTED AVERAGE PRICE $0.4243 Source : SGX Announcement ** Up to a maxim
Slide 18: Insider Share Purchases
Insider Share Purchases 9 November 2010 – IPO : Director No. of shares held % shareholdings Chang Yeh Hong 200,480,625 50.12% Eric Lin Choon Hin 43,500,000 10.88% Dorcas Teo Ling Ling 29,000,000 7.25% 272,980,625 68.25% 22 August 2023: Director / Executive Officer No. of shares held % shareholdings*
Slide 19: Thank you for your time
Thank you for your time . 2 Tuas Avenue 10, Singapore 639126 +65 6848 4400 ir@nordicgrouplimited.com www.nordicgrouplimited.com For more information, please contact Financial PR Pte Ltd Investor Relations Consultants Building Momentum, Capturing Opportunities Kamal Samuel: kamal@financialpr.com.sg +