Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — BIGL — Q3 2013 Earnings Presentation
22 slides from Singapore Exchange's earnings presentation, Nov 5, 2013
Slide 1: 3Q2013 Investor Briefing
3Q2013 Investor Briefing 5 Nov 2013 1
Slide 2: Agenda
Agenda 1. Overview of 3Q2013 performance 2. Financial performance 3. Business review & outlook Strictly Confidential
Slide 3: 3Q2013 Overview
3Q2013 Overview 3Q2013 revenue increased 20.8% y-o-y to Financial S$162.4m driven by increased growth in all Highlights for segments 3Q2013 3Q2013 net profit increased 222.9% y-o-y to S$0.7m The growth in the foam plastics revenue was driven by the higher revenue of the Business packaging and
Slide 4: Corporate Strategy
Corporate Strategy Increase sharehold er value Sustainable Long-Term Growth Strategies Balanced distribution of Innovation as driver for income streams sustainable profitability 4
Slide 5: Financial Review
Financial Review By Mrs. Wendy Soh Chief Financial Officer 5
Slide 6: Sales Performance
Sales Performance • Growth in all segments (Y-o-Y) • High growth in Non-HDD ( > 121% Y-o-Y) mainly due to higher semi-conductor industry revenue and the acquisition of new customers on the consumer device sector 180.0 158.6 162.4 160.0 150.2 145.2 19.5 19.4 134.4 9.7 140.0 12.0 8.8 120.0 41.2 53.2 5
Slide 7: Core EBIT
Core EBIT* *Less forex & exceptional gains/losses 3Q2013 core EBIT improved in all business segments – Y-o-Y 8 2.7 0.4 6 (6.2) 0.8 4 6.7 0.8 0.5 (4.3) 4.4 2 3.0 2.7 1.7 0 -0.1 -0.4 S$ mil -1.5 -2.8 -1.4 -2 -3.3 -1.3 -0.9 -4 -8.0 -1.1 -2.3 -6 -8 -1.0 -10 -1.6 -12 3Q12 4Q12 1Q13 2Q13 3Q13 Foam Plastic
Slide 8: Core EBIT Margin
Core EBIT Margin* *Less forex & exceptional gains/losses 18.00% 13.50% 13.00% 8.20% 7.40% 8.00% 5.10% 4.20% 3.00% 3.40% 2.50% -0.10% -2.00% -2.40% -3.30% -1.50% -4.00% -7.00% -10.70% -9.30% -10.50% -12.00% 3Q12 4Q12 1Q13 2Q13 3Q13 Foam Plastics 4.20% 8.20% 13.50% 7.40% 5.10% HDD -3.30% -9.30% -4.00%
Slide 9: Core EBITDA
Core EBITDA* *Less forex & exceptional gains/losses 16 13.7 13.1 14 1.8 11.2 3.7 12 2.4 4.3 10 6.0 8 0.8 4.4 5.8 5.5 Corporate S$mil 0.1 Non-HDD 6 3.9 HDD 4 8.6 Foam Plastics 6.3 4.9 4.6 2 3.6 0 -0.5 -1.1 -1.3 -1.3 -2 -1.5 -2.3 -4 3Q12 4Q12 1Q13 2Q13 3Q13 Note: Figures may not add up due to rounding
Slide 10: Core PATMI
Core PATMI* *Less forex & exceptional gains/losses 1.0 0.09 0.0 3Q12 4Q12 1Q13 2Q13 3Q13 -1.0 -1.1 -2.0 -1.7 -3.0 -4.0 -5.0 -4.7 -6.0 -7.0 -8.0 -7.6 (‘mil) 3Q12 4Q12 1Q13 2Q13 3Q13 PATMI (reported) 1 0.3 3.2 0.5 0.2 0.7 Net Forex 1.3 1.6 1.1 1.3 2.4 Exceptional 3.7 9.2 (0.7) (0.0) 0.0 1: includes bo
Slide 11: Key Ratios
Key Ratios 1Q13 2Q13 3Q13 Turnover Ratio (days) Inventory Turnover 63 62 63 Receivables Turnover 64 68 70 Payables Turnover 57 59 62 Cash Conversion Cycle 70 71 71 Net Gearing ([Total Borrowings – Cash Balance]/ Equity) 0.63 0.67 0.78 Current Ratio 1.02 0.96 1.01 EPS (cents) 0.12 0.04 0.16 NAV (cent
Slide 12: Projected 2013 Capex
Projected 2013 Capex 90 80 70 124.0 60 S$ mil 50 40 30 53.0 47.5 20 36.0 25.2 10 0 FY2010 FY2011 FY2012 Incurred YTD Sep FY2013 2013 12
Slide 13: Business Review & Outlook
BUSINESS REVIEW & OUTLOOK By Mr Jeremy Lee Acting Chief Executive Officer 13
Slide 14: Highlights of Foam Plastics Business
Highlights of Foam Plastics Business Foam Plastics Maintaining double-digit growth and continues to drive revenue and profit Key customers for packaging business launching new products in 3Q2013 Expanding Market Growth in automotive, Share industrial insulation and consumer products 14
Slide 15: Highlights of HDD Business
Highlights of HDD Business HDD Restructure existing organization to optimize business effectiveness • Allocate excess capacity to non-HDD business Returned to become cash generating business of the Group • Stabilization of prices Reorganising • Improved productivity operations • Do not foresee capex
Slide 16: HDD Market Long Term Forecast
HDD Market Long Term Forecast Source: TrendFocus, 14 Aug 2013 16
Slide 17: Highlights of Non-HDD Business
Highlights of Non-HDD Business AIC Division (Consumer devices) Non - HDD • Secured order from a leading Chinese mobile handset company with growing demand • Newly clinched order with Korea’s second largest mobile handset manufacturer FCD Division (Semiconductors) Diversification of revenue streams •
Slide 18: Worldwide Smartphone Market Forecast
Worldwide Smartphone Market Forecast Source: IDC Worldwide Quarterly Mobile Phone Tracker Press Release, 4June13 18
Slide 19: WW Wafer Fab Eqmt Capex Trend & Outlook
WW Wafer Fab Eqmt Capex Trend & Outlook Feb 2013 Forecast 2013F: $31.7b (-0.4%) 2014F: $39.3b (24.0%) *Including used and in-house Source: SEMI World Fab Forecast reports. May 2013 Update 19
Slide 20: Summary of business divisions
Summary of business divisions 1. Foam Plastics 2. HDD 3. Non - HDD Expanding Market Reorganizing Diversification of Share operations revenue streams Leader in China 2nd largest globally 1.Leader in flow control devices 2.New foray into mobile devices 20
Slide 21: Overall Outlook
Overall Outlook Cautious on FY2013 prospects Foam HDD Non-HDD Plastics Maintain growth momentum with packaging and Flat market growth component products driven by China’s Continue to diversify economic recovery revenue streams by increasing growth in semi-conductors and consumer devices Reorganizing
Slide 22: Disclaimer
Disclaimer These slides may contain forward looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward‐looking statements as a result of a number of uncertainties, risks and assumptions. Representativ