AEM Holdings Ltd. · SGX:AWX
AEM — FY2019 Earnings Presentation
15 slides from AEM's earnings presentation, Feb 26, 2020
Slide 1: 4Q and FY2019 Results Presentation
4Q and FY2019 Results Presentation AEM Holdings Ltd | 26 February 2020
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. The presentation may contain forward-looking statements relating to financial trends for future periods, compared
Slide 3: Corporate Profile
Corporate Profile AEM is a global leader offering application specific intelligent system test and handling solutions for semiconductor and electronics companies serving advanced computing, 5G and AI markets Listed on SGX Revenue Profit Before Tax 2017 : S$221.6m 2017 : S$37.5m Market Cap ~S$600m 20
Slide 4: 4Q2019 Financial Highlights
4Q2019 Financial Highlights Best quarter in terms of profits …. Revenue PBT PBT Margin PAT 4Q19: S$88.6m 4Q19: S$20.2m 4Q19: 22.8% 4Q19: S$16.7m S$49.3m S$15.5m +10.9% pp S$12.3m +125.3% +331.4% +281.4% 4Q18: S$39.3m 4Q18: S$4.7m 4Q18: 11.9% 4Q18: S$4.4m 4
Slide 5: FY2019 Financial Highlights
FY2019 Financial Highlights Record revenue and profits driven by new orders across all product lines and consumables. Guiding a stronger year ahead… Revenue PBT PBT Margin PAT Cash Balance FY19: S$323.1m FY19: S$63.7m FY19: 19.7% FY19: S$52.8m 31Dec19: S$107.7m S$60.8m S$23.7m +4.5% pp S$19.3m S$48.
Slide 6: 4Q2019 and FY2019 Financial Performance
4Q2019 and FY2019 Financial Performance 120.0 S$’M Revenue (Quarterly) 400.0 S$’M Revenue (FY) Consumables & Services Tools & Machines Consumables & Services Tools & Machines 350.0 100.0 323.1 88.6 83.8 300.0 80.0 262.3 250.0 158.8 (49%) 60.0 44.7 (53%) 48.7 (55%) 200.0 122.2 (47%) 39.3 150.0 40.0 1
Slide 7: Profit & Loss Highlights
Profit & Loss Highlights Qtr year-on-year Qtr sequential FY year-on-year FY19 ($'000) 4Q2019 4Q2018 Change % 3Q2019 Change % FY2019 FY2018 Change % Guidance Revenue 88,647 39,349 125.3% 83,848 5.7% 323,130 262,325 23.2% 305M - 315M Material cost 44,863 22,772 97.0% 52,167 -14.0% 192,361 173,222 11.0
Slide 8: Financial Position Highlights
Financial Position Highlights ($'000) 31-Dec-19 31-Dec-18 Property, plant and equipment 6,272 5,725 Right of use assets (“ROU”) 2,171 - Intangible assets and goodwill 16,905 17,717 Cash and cash equivalents 107,676 58,890 Current assets less current liabilities 106,712 65,112 Financial liabilities -
Slide 9: Cash Generated and Uses
Cash Generated and Uses S$'M 50.0 44.1 40.0 30.0 20.0 10.0 6.7 2.4 - -3.4 -10.0 -20.0 -30.0 1Q2019 2Q2019 3Q2019 4Q2019 FY2019 Dividends - -5.1 -5.4 - -10.5 Share buy back -0.2 -1.0 -0.3 -0.2 -1.7 Capex -0.9 -0.5 -0.5 -1.4 -3.3 Operating profit 9.7 20.5 18.3 28.1 76.6 Changes in working capital and
Slide 10: Business & Operational Updates
Business & Operational Updates
Slide 11: TAM of system level test equipment & consumables
TAM of system level test equipment & consumables The TAM of System Level Test equipment and consumables is expected to grow by CAGR of 21.6% from US$1.2B in 2019 to US$3.2B in 2024. $3.2 billion 5 Year CAGR + 21.6 % System Level Test Boards $1.2 billion Sockets Handlers Testers 2019 2020 2021 2022 2
Slide 12: AEM's technology and product portfolio
AEM’s technology and product portfolio Non-Digital Probers Test Handlers Semiconductor Testers Pressure, Temperature, Motion, Optical Wafer, Strip, Package, Module, Panel Digital, Mixed Signal, Power/ DPS MEMS, Quantum Computing System Level Test MEMS Test Low Cost ATE Intelligent Load Boards TAM: U
Slide 13: Plans and outlook for 2020
Plans and outlook for 2020 Our business is on a solid foundation, sales guidance of S$360m to S$380m for FY2020 1 HDMT platform is in full commercial deployment • Continue to see growth in orders for handlers and their consumables with sales orders of $338m for delivery in 2020 • Dependent on custom
Slide 14: Summary
Summary Proven ability to innovate and deliver solutions on the global stage • Strategic relationship with the world’s largest semiconductor company for >18 years in developing and manufacturing leading edge test handlers and consumables Profitable, cash generating business and strong financial posi
Slide 15: 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