AEM Holdings Ltd. · SGX:AWX
AEM — FY2018 Earnings Presentation
15 slides from AEM's earnings presentation, Feb 25, 2019
Slide 1: FY2018 Results Presentation
FY2018 Results Presentation AEM Holdings Ltd | 25 February 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: Financial performance – Key Highlights
Financial performance – Key Highlights • AEM delivers on FY 2018 guidance, achieving Revenue of $262.3M (up 18.4% y-o-y) and operating PBT (up 11.5% y-o-y) of S$42.6M. • Higher revenue and profits in FY2018 supported by increased deliveries of test handlers and pans/kits. • Sales orders received for
Slide 4: FY 2018 is a record year even with moderation in Q4
FY 2018 is a record year even with moderation in Q4 18 S$’M Revenue (Quarterly) S$’M Revenue (Full Year) 90.0 280.0 80.0 84.7 70.0 260.0 262.3 60.0 50.0 59.0 240.0 40.0 220.0 30.0 39.3 221.6 20.0 200.0 10.0 - 180.0 4Q17 3Q18 4Q18 FY17 FY18 S$’M Operating PBT & Margin (Quarterly) S$’M Operating PBT &
Slide 5: Operating PBT
Operating PBT Quarterly Results FY Results 4Q2018 4Q2017 Change* FY2018 FY2017 Change* S$'000 S$'000 % S$'000 S$'000 % PBT 4,684 10,619 -55.9% 39,968 36,836 8.5% Share of loss of equity- accounted investee 245 (151) 262.3% (38) (105) 63.4% Non-operating items : Loss on liquidation dormant subsidiari
Slide 6: Profit & Loss
Profit & Loss Qtr year-on-year Qtr sequential FY year-on-year FY18 ($'000) 4Q2018 4Q2017 Change % 3Q2018 Change % FY2018 FY2017 Change % Guidance Revenue 39,349 59,048 -33.4% 84,668 -53.5% 262,325 221,622 18.4% 255,000 Material cost (excl obsol) 22,546 37,190 -39.4% 57,452 -60.8% 173,448 149,291 16.
Slide 7: Cash and Cash Flow
Cash and Cash Flow S$'M Cash From Operations (before working capital changes) 14.0 12.4 11.7 12.0 10.8 Cash Generated (FY18) S$'M 10.0 8.8 Cash from operations (before 8.1 39.4 8.0 working capital changes) 6.0 Cash Paid (FY18) S$'M 4.0 M&A 8.3 2.0 Dividend 8.4 - 4Q2017 1Q2018 2Q2018 3Q2018 4Q2018 Sh
Slide 8: Financial Position
Financial Position 31-Dec-18 30-Sep-18 31-Dec-17 Financial position S$’000 S$’000 S$’000 Property, plant and equipment 5,606 6,249 3,623 Intangible assets and goodwill 16,815 16,324 3,449 Cash and cash equivalents 58,890 42,539 46,095 Current assets less current liabilites 64,324 59,487 47,191 Finan
Slide 9: Revenue Breakdown
Revenue Breakdown S$'M 300 Revenue Type (2%) 5.7 250 (3%) 6.8 200 134.4 (51%) 104.1 (47%) 150 100 1.2 (1%) (50%) 122.2 (47%) (2%) 110.7 1.5 48.1 (57%) 50 22.8 (39%) 1.1 (3%) 21.0 (53%) 34.8 (59%) 35.4 (42%) 17.2 (44%) 0 FY2017 FY2018 4Q2017 3Q2018 4Q2018 Tools / Machine Kits, Spares & Services Preci
Slide 10: Business & Operational Updates
Business & Operational Updates
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: Focus on commercial development for HDMT extensions, AMPS and TMS
Focus on commercial development for HDMT extensions, AMPS and TMS HDMT program expected to hit maturity in 2019. Earnings will be driven through HDMT consumables, new key account programs, and new business units from 2019 and beyond 2017 2018 2019 • Strong growth ramp for HDMT u u Core account • HDM
Slide 13: Corporate Vision and Strategy
Corporate Vision and Strategy Vision: To enable our customers to deliver parts per billion assurance in an interconnected world Tag Line: Test Smarter The Interconnected 5G World IoT & AI, Cloud & Electric Mobile/ 5G Sensors Datacenters Vehicles/ AD Device & Infra Afore – MEMS, Wafer Level Cryogenic
Slide 14: Recap: investment highlights
Recap: investment highlights • Provider of strongly differentiated high-end test handlers with proven, defensible competitive positioning • Proven ability to service the most demanding large-scale manufacturing customers: microprocessors, solar, smart cards • Strategic relationship with one of the w
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