Xmh Holdings Ltd. · SGX:BQF
Xmh — FY2017 Earnings Presentation
19 slides from Xmh's earnings presentation, Jul 5, 2017
Slide 1: FY2017 Results Presentation
FY2017 Results Presentation PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the "Information") is provided by XMH Holdings Ltd. (the "Company") to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and may not contain all
Slide 3: Presentation Outline
Presentation Outline Financial Highlights Outlook, Strategies and Recent Developments PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD 3
Slide 4: Financial Highlights
Financial Financial Highlights Highlights
Slide 5: Financial Summary
Financial Summary Group remained operationally profitable but results were weighed down by weak market sentiments and strong competition 4QFY2017 4QFY2016 Change FY2017 FY2016 Change Financial Highlights S$’000 S$’000 % S$’000 S$’000 % Revenue 26,109 31,879 (18.1) 90,151 108,385 (16.8) Gross Profit
Slide 6: Revenue
Revenue Revenue Quarterly Analysis S$’ million 120.0 FY2016 FY2017 S$108.4m S$90.2m 90.0 31.9 4Q 26.1 Decrease in Revenue 60.0 26.9 Project and After-sales 105.2 3Q 19.5 business segments 97.6 91.5 were affected by weak 25.8 25.1 30.0 62.2 2Q market sentiments and lower contract value 23.8 19.4 1Q a
Slide 7: Profitability Trend (Gross Profit / Gross Profit Margin)
Profitability Trend (Gross Profit / Gross Profit Margin) Gross Profit Gross Profit Margin S$’ million Quarterly Analysis 40.0 40.0% FY2016 FY2017 S$26.9m S$21.8m 30.1% 30.0 30.0% 25.2% 26.0% 24.8% 23.5% 24.2% 7.3 Decrease in Gross Profit 20.0 4Q 20.0% 7.9 and GPM 7.0 3Q 27.3 27.6 Gross profit declin
Slide 8: Profitability Trend (Net Profit / Net Profit Margin)
Profitability Trend (Net Profit / Net Profit Margin) Net Profit S$’ million Net Profit Margin 20.0 25.0% 18.0 Quarterly Analysis 15.3% 16.0 FY2016 FY2017 15.0% 14.0 11.7% S$7.9m S$1.6m* Lower Net Profit and NPM 7.3% 12.0 5.8% 5.7% Tough conditions, higher 10.0 5.0% 1.7%* depreciation charges 8.0 and
Slide 9: Profitability Trend (EBITDA / EBITDA Margin)
Profitability Trend (EBITDA / EBITDA Margin) EBITDA S$’ million EBITDA Margin 20.0 25.0% 19.4% Quarterly Analysis 18.0 FY2016 FY2017 16.0 14.2% S$13.4m S$8.7m 12.4% 15.0% 14.0 10.1% 8.5% 9.7% 12.0 10.0 5.6 5.0% 4Q 8.0 2.0 Lower EBITDA and EBITDA 13.9 2.5 6.0 12.1 3Q Margin 9.3 2.7 -5.0% 4.0 8.9 3.7
Slide 10: Dividend Trend (Dividends / Dividend Yield)
Dividend Trend (Dividends / Dividend Yield) Dividend Singapore Cents Dividend Yield 3.0 4-to-1 share consolidation on 10.0% Feb 22, 2016 2.5 6.0% 5.0% 2.0 3.6% 3.1% 3.6% 5.0% 1.5 1.6% 1.0 0.2 0.2 2.0 0.0% 0.5 1.0 1.0 1.0 0.8 0.5 - -5.0% Dividend Special Dividends Dividend Yield PRIVATE & CONFIDENTIA
Slide 11: Balance Sheet
Balance Sheet 30 April 2017 30 April 2016 Balance Sheet S$’000 S$’000 Property, plant and equipment 68,707 76,324 Intangible assets 11,833 15,373 Inventories 30,550 35,325 Trade and other receivables 23,068 33,493 Contract work-in-progress 10,980 7,894 Cash and short-term fixed deposits 25,618 12,84
Slide 12: Outlook, Strategies & Developments
Outlook &Strategies Outlook, Strategies & Developments
Slide 13: Outlook
Outlook Challenging operating circumstances and heightened competition • Softer demand for marine related products and lower activity in the offshore marine industry • Intense competition across all segments pressuring profit margins Exploring opportunities in the region • Rise in coal prices and go
Slide 14: Growth Strategies
Growth Strategies Exploration of New Prudence, Productivity Revenue Streams and Economisation Securing new Capitalize on customers in larger working emerging markets area Concerted efforts Focus on efficient when pitching for practices projects • Actively exploring potential new • Build on establish
Slide 15: Recent Developments
Recent Developments • Feb 2017 – Entered into a non-binding MOU with Myanmar MarcoPolo − Entered into a non-binding memorandum of understanding (“MOU”) with Myanmar MarcoPolo Co., Ltd (“MMP”) in relation to the incorporation of a joint venture company in Myanmar • Feb 2016 – Completion of the move i
Slide 16: Recent Developments
Recent Developments • Jun 2015 – XMH secures new contracts worth over S$23.1 million − MPG secured two contracts in different industries, one for a data centre and the other for a healthcare centre totalling S$15.5 million − ZPA secured a total of six consecutive contract wins in the recent month to
Slide 17: Share Statistics
Share Statistics Bloomberg code XMH SP EQUITY Reuters code XMHL.SI Share Price S$0.280 Market Capitalization S$31.2 million (111.3M shares) P/E 20.0x+ NAV per share S$0.597 Free Float 26.3% Substantial Shareholders Insiders 46.2% Credence Capital 18.8% Source: Company Statements, Bloomberg as at 28
Slide 18: Summary
Summary • Negative macro factors persist − Traditional sectors that the Group operates in continue to be pinned down by softer demand and lower commodity prices − The resultant intensified competition in the market continues to drive margins downward • Business remained operationally profitable − Th
Slide 19: Thank You
THANK YOU Investor Relations | Financial PR Pte Ltd | Romil SINGH | Jonathan YEOH T: +65 6438 2990 F: +65 6438 0064 | staff@financialpr.com.sg