Slide 1: FY2020 Results Presentation
Aztech Global Ltd. FY2020 Results Presentation 22 March 2021
Slide 2: Key Technology Enabler for the Connected World of Tomorrow
Key Technology Enabler for the Connected World of Tomorrow 34 290 4 2,685 3 Years of Operating Track Customers Globally in more R&D Centres in Singapore, Employees Worldwide (2) Factories in Dongguan, Record (1) Hong Kong, China China and Johor, than 40 countries (2) (Shenzhen and Dongguan) Malaysia
Slide 3: Key Financial Highlights
Key Financial Highlights • FY2020 net profit of $55.7 million on revenue of $484.3 million, translating to net profit margin of 11.5% • Earnings per share of $0.09 in FY2020 (1) • Cash position of $11.5 million as at 31 December 2020 • EBITDA increased by 18.7% y-o-y to $76.3 million • Net asset val
Slide 4: Financial Performance Review
FINANCIAL PERFORMANCE REVIEW
Slide 5: FY2020 Results Snapshot
FY2020 Results Snapshot Strong Growth Boosted by Stellar 4Q2020 Revenue IoT Devices and Datacom Products (in $ million) (Revenue in $ million) 1Q2020 production was affected by 428.1 484.3 Covid-19 pandemic 292.5 428.8 215.3 216.5 326.2 262.2 9M19 9M20 FY19 FY20 IoT and Data-communication products c
Slide 6: FY2020 Results Snapshot (Cont'd)
FY2020 Results Snapshot (Cont’d) Demonstrated Improvement in Profitability and Margins EBITDA and EBITDA Margin (in $ million) • The Group continued to generate positive EBITDA 160 .0 16.8% 20. 0% 160 .0 15.8% 20. 0% and EBITDA margin, which increased by 18.7% 140 .0 14.7% 18. 0% 140 .0 15.0% 18. 0%
Slide 7: FY2020 Results – YoY Comparison
FY2020 Results – YoY Comparison ($ million) FY2020 FY2019 % change Revenue 484.3 428.8 12.9 Profit Before Tax 66.5 54.8 21.4 PBT Margin (%) 13.7 12.8 90 bps Income Tax Expense (10.8) (7.6) (41.7) Effective Tax Rate % 16.2 13.9 Net Profit 55.7 47.2 18.1 Net Profit Margin (%) 11.5 11.0 50 bps EPS (cen
Slide 8: EBITDA Reconciliation
EBITDA Reconciliation ($ million) FY2020 FY2019 Profit for the financial year 55.7 47.2 Add: Finance Costs 1.2 0.9 Add: Income tax expense 10.8 7.6 EBIT 67.7 55.7 Add: Amortisation & Depreciation 8.6 8.6 expenses EBITDA 76.3 64.3 EBITDA Margin % 15.8 15.0 © 2021 Aztech Global Ltd. All currencies are
Slide 9: Financial Position and Cash Flow
FINANCIAL POSITION AND CASH FLOW
Slide 10: Balance Sheet Summary
Balance Sheet Summary ($ million) 31 December 2020 31 December 2019 Cash & Bank Balances 11.5 14.3 Net Current Assets 17.9 0.7 Net Non-current Assets 23.7 22.0 Total Net Assets 41.6 22.7 Accumulated Profits 32.3 17.6 Share Capital & Reserves 9.3 5.1 Total Equity 41.6 22.7 Net Asset Value per Share (
Slide 11: Comparison of Net Debt / (Net Cash) Position
Comparison of Net Debt / (Net Cash) Position ($ million) 31 December 2020 31 December 2019 Total Borrowings 33.0 10.4 Cash & Cash Equivalents 11.5 14.3 Net Debt / (Net Cash) 21.5 (3.9) • As at 31 December 2020, the Group recorded a higher loan amount as it utilised more trade financing to fund the i
Slide 12: Comparison of Working Capital (1)
Comparison of Working Capital (1) ($ million) 31 December 2020 31 December 2019 Current Assets 270.3 135.9 Current Liabilities 252.3 135.3 Working Capital 18.0 0.6 • Higher current assets as at 31 Dec 2020 was mainly due to (i) increase in trade receivables in tandem with the increase in sales in 4Q
Slide 13: Comparison of Working Capital (2)
Comparison of Working Capital (2) 31 December 2020 ($ million) (Include Net IPO 31 December 2020 proceeds) Current Assets 458.9 270.3 Current Liabilities 252.3 252.3 Working Capital 206.6 18.0 • Changes in working capital includes the estimated net proceeds of $188.6 million raised from the issuance
Slide 14: Proposed Final Dividend
PROPOSED FINAL DIVIDEND Aztech
Slide 15: Proposed Final Dividend of $0.02 per share
Proposed Final Dividend of $0.02 per share • The Board of Directors has recommended a final dividend of $0.02 per share on a one- tier tax-exempt basis. Subject to the approval by the shareholders at the forthcoming Annual General Meeting, the total estimated dividend to be paid is $15,474,400. • Th
Slide 16: Outlook
OUTLOOK Aztech
Slide 17: Business Outlook
Business Outlook • The Group continues to take all precautionary measures in the on-going COVID-19 pandemic to minimize any disruption in its operations. • Focus remains on expanding its robust product portfolio catering to the growing IoT, Data-communication and LED lighting industries. o Building
Slide 18: Business Outlook
Business Outlook • The Group’s R&D division is working on healthtech related products to tap on growth opportunities offered by the proliferation of IoT in the healthtech industry. • The Group will continue to work closely with its suppliers and other stakeholders to manage the challenging material
Slide 19: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 20: Thank You!
THANK YOU! Aztech