Grand Banks Yachts Limited · SGX:G50
Grand Banks Yachts — Shareholder Meeting (2020)
8 slides from Grand Banks Yachts's shareholder meeting presentation, 2020
Slide 1: Grand Banks Yachts Limited FY2020 Annual General Meeting
GRAND BANKS YACHTS LIMITED FY2020 ANNUAL GENERAL MEETING GRAND BANKS YACHTS 2018 ANNUAL GENERAL MEETING
Slide 2: Chairman & CEO Statement
CHAIRMAN & CEO STATEMENT GRAND BANKS YACHTS 1
Slide 3: Financial Highlights FY2020
FINANCIAL HIGHLIGHTS FY2020 GRAND BANKS YACHTS 3
Slide 4: Financial Highlights FY2020
FINANCIAL HIGHLIGHTS FY2020 • 5th consecutive full-year profit despite the challenges faced due to the ongoing COVID-19 pandemic • FY2020 revenue increased to S$103.2 million from S$79.6 million in FY2019 • Gross profit increased to S$18.9 million in FY2020 from S$16.9 million in FY2019 • Gross prof
Slide 5: Financial Snapshot FY2020
FINANCIAL SNAPSHOT FY2020 S$ (‘000) FY2020 FY2019 Change (%) Revenue 103,234 79,568 29.7 Gross Profit 18,884 16,933 11.5 Gross Profit Margin (%) 18.3% 21.3% (3.0) ppt^ Total Operating Expenses (16,690) (14,405) 15.9 Profit Before Tax 864 1,223 (29.4) Tax Credit 191 277 (31.0) Net Profit After Tax 1,
Slide 6: Balance Sheet as at 30 Jun 2020
BALANCE SHEET AS AT 30 JUN 2020 S$ (‘000) 30 Jun 20 30 Jun 19 Change (%) Total Assets 89,158 93,616 (4.8) Total Liabilities 32,128 38,513 (16.6) Total Equity 57,030 55,103 3.5 Cash and Cash Equivalents 10,717 8,552 25.3 Total Borrowings 6,733 16,010 (57.9) Net Asset Value Per Share 30.89 29.91 3.3 (
Slide 7: Financial Review 1Q FY2021
FINANCIAL REVIEW 1Q FY2021 • Revenue of S$24.6 million achieved, from S$26.0 million in 1Q FY2020 • 11 boats sold (despite pandemic), all built-to-order • Gross profit maintained at S$6.2 million in 1Q FY2021 despite lower revenue • Gross profit margins increased to 25.1% in 1Q FY2021 (1Q FY2020:23.
Slide 8: Thank You
T H A N K YO U MEDIA & INVESTOR CONTACT WeR1 Consultants Pte Ltd Tel: (65) 6737 4844 Isaac Tang: grandbanks@wer1.net GRAND BANKS YACHTS 8