Slide 1: FY2020 Financial Results Presentation
FY2020 Financial Results Presentation 28 April 2021
Slide 2: Disclaimer
This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for shares (“Shares”) in VICOM Ltd (the "Company"). The value of shares and the income derived from them may fall as well as rise. Shares are not obligations of, deposits in, or
Slide 3: Contents
Contents • Review of Financial Results • Dividend Payout and Shareholder Return Page 3
Slide 4: Review of Financial Results
REVIEW OF FINANCIAL RESULTS Page 4
Slide 5: Income Statement – 2020
Income Statement – 2020 Page 5
Slide 6: Income Statement – 2020 vs 2019
Income Statement – 2020 2020 vs 2019 • Revenue ↓$17.2m • Mainly from lower business volumes affected by the impact of COVID-19, resultant Circuit Breaker from 7th April 2020 to 1st June 2020 and the subsequent Safe Management Measures • Non-vehicle testing services serving the construction, marine a
Slide 7: Income Statement – Quarter-to-Quarter 2020
Income Statement – Quarter-to-Quarter 2020 1Q 2020 2Q 2020 3Q 2020 4Q 2020 $’m $’m $’m $’m Revenue 25.3 14.5 22.2 24.5 Operating Costs (16.4) (12.0) (13.9) (14.8) Operating Profit 8.9 2.5 8.3 9.6 Profit After Tax 7.4 2.5 7.0 8.1 Profit after Tax and Minority Interest (PATMI) 7.3 2.4 6.8 8.0 EBITDA 1
Slide 8: Income Statement – Quarter-to-Quarter 2020
Income Statement – Quarter-to-Quarter 2020 1Q 2020 – Performance was comparable with 4Q 2019 and not impacted by COVID-19. 2Q 2020 – Performance was impacted by the Circuit Breaker. Revenue at fell by $10.8m or 42.7% from $25.3m in 1Q 2020 to $14.5m in 2Q 2020. Operating profit fell by $6.4m or 71.9
Slide 9: Balance Sheet
Balance Sheet • Balance sheet remains strong with healthy cash & cash equivalent of $93.2m to weather prevailing uncertainties • Other current assets were lower by $5.7m as trade receivables fell in line with lower revenues • Non-current assets increased by $8.2m mainly from capital projects in prog
Slide 10: Cashflow
Cashflow $’m $’m Cash from Operating Activities 36.7 36.0 Utilisation of Cash: Dividends to Shareholders and non-controlling interests (21.7) (41.1) CAPEX (15.0) (5.4) Payments under lease liability (1.4) (1.1) Purchase of unquoted equity instruments held at FVTOCI - (1.4) Total Utilisation of Cash
Slide 11: CAPEX
CAPEX CAPEX 2020 vs 2019 $15.0m • CAPEX ↑ $9.6m • Progressive payments of $12.9m for capital $9.6m projects at the new premises in Bukit Batok offset by decrease of $3.3m in CAPEX for $12.9m equipment and others $5.4m • The decrease of $3.3m in CAPEX for equipment $3.3m and others was due to deferme
Slide 12: Financial Summary
Financial Summary Financial Performance Financial Position Cash Flow • The 2020 results were impacted • Strong and resilient balance sheet • Conserved cash by deferring by the effects of COVID-19. non-essential CAPEX & lower Group PATMI at $24.5m fell • Cash balance of $93.2m to dividend payout $3.9
Slide 13: Dividend Payout and Shareholder Return
DIVIDEND PAYOUT AND SHAREHOLDER RETURN Page 13
Slide 14: Financial Year 2020 Dividend Payout
Financial Year 2020 Dividend Payout 2020 2019* Inc/(Dec) cents cents cents % Earnings Per Share (EPS) 6.91 8.01 (1.10) (13.7) Interim Dividend - 3.53 (3.53) (100.0) Final Dividend 6.22 6.07 0.15 2.5 Total 6.22 9.60 (3.38) (35.2) Dividend Payout Ratio 90.0% 120.0% Dividend Yield 2.9%(a) 5.0%(b) a) VI
Slide 15: Thank You
THANK YOU Page 15 W™.... LTD