Slide 1: Serial System Ltd 1H2025 Results Presentation
SERIAL SYSTEM LTD 1H2025 Results Presentation Thursday, 7 August 2025 1
Slide 2: Agenda
By moving forward and thinking forward, Serial System helps its partners to be more competitive in the marketplace, today and in the future AGENDA FINANCIAL RESULTS CORPORATE OVERVIEW OUTLOOK
Slide 3: Financial Results
tis FINANCIAL Ra _ RESULTS oa
Slide 4: Snapshot Of 1H2025 Performance
Snapshot Of 1H2025 Performance US$’000 1H2025 1H2024 Change (%) Sales 392,664 374,716 5 Gross Profit 32,609 27,860 17 Gross Profit Margin (%) 8.3 7.4 0.9 ppt Net Profit/(Loss) After Tax 810 (5,180) NM (Attributable to equity holders of the Company) EPS/(LPS) - fully diluted (US cents)(1) 0.09 (0.57)
Slide 5: 1H2025 Highlights
1H2025 Highlights Revenue in 1H2025 increased 5% to US$392.7M from US$374.7M in 1H2024 Turnover for the electronic components distribution business increased marginally by 0.03% to US$332.0 million, due to higher sales in the household appliances, automotive and mobile sectors, benefiting from t
Slide 6: Revenue Trend
Revenue Trend Revenue (US#039; million) 1,600 1,527 1,492 1,403 1,400 1,222 2% 1,200 1,036 6% 1,000 896 907 817 15% 792 789 731 759 800 1% 658 18% 616 -48% 48% 4% 600 545 27% 22% -16% 16% -8% 8% 375 393 24% 400 7% 200 5% 13% - 6
Slide 7: Profitability: Gross Profit & Margin
Profitability Gross Profit & Gross Profit Margin (US#039; million) 10.0% 9.5% 140.0 9.3% 9.3% 9.0% 8.7% 9.0% 8.3% 7.8% 8.1% 8.1% 120.0 7.5% 7.8% 8.0% 7.4% 7.4% 7.0% 6.9% 6.8% 7.0% 118.6 100.0 6.3% 91.5 97.4 105.1 6.0% 90.4 13% 80.0 5.0% 8% -54% 73.5 73.0 73.8 6% 1% 60.0 4.0% 62.6 58.8 57.5 59% 58.5 1%
Slide 8: Profitability: Net Profit & Margin
Profitability Net Profit & Net Profit Margin (US#039; million) 2.2% 20.0 2.5% 18.0 16.1 17.7 16.0 2.0% 1.6% 44% 1.6% 85% 14.0 -55% 1.4% 1.5% 1.2% 11.0 12.0 1.2% 1.2% 12.0 9.6 1.0% -59% 10.0 11.2 11.1 10.1 1.0% 7.9 0.9% 4,181% 8.0 110% 8.0 41% 0.6% 6.0 -31% 0.3% -142% 0.5% -21% 0.2% 0.04% 4.0 4.6 0.5 -1
Slide 9: Profitability: EBITDA
Profitability EBITDA (US#039; million) 50.0 44.8 45.0 40.0 35.0 30.8 30.0 27.4 26.0 24.4 25.0 64% 23.7 22.0 20.2 20.8 19.9 12% -47% 20.0 18.9 -6% 16.3 -44% 15.0 -15% 13.2 -54% 40% 9.6 10.0 58% 7.3 17% 462% 135% 5.0 -5% 2.9 3.1 -2% -69% - FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
Slide 10: Financial Position: Healthy Current Ratio
Financial Position Maintaining Healthy Current Ratio 1.6 500.0 1.5 1.5 1.4 1.4 468.6 1.4 1.4 458.5 1.3 1.3 1.3 430.6 1.4 1.3 1.3 1.2 398.3 382.6 1.2 397.5 400.0 1.2 1.2 1.2 371.5 373.6 1.2 372.0 349.7 351.6 347.8 340.8 341.7 332.2 324.1 295.6 300.2 1.0 300.0 277.0 274.0 258.2 264.5 254.2 230.7 234.0
Slide 11: Financial Position: Net Gearing Ratio
Financial Position Net Gearing Ratio 140% 180.0 166.5 168.2 119% 116% 161.4 155.9 157.2 120% 160.0 115% 151.7 108% 147.2 148.6 113% 100% 139.7 140.0 138.0 145.0 131.8 89% 124.8 139.3 144.5 125.8 100% 122.2 120.2 112% 133.2 133.4 133.6 120.0 119.4 90% 98% 72% 104.5 110.0 83% 80% 100.0 98.7 97.9 86.5
Slide 12: Financial Position: Cash Conversion Cycle
Financial Position Cash Conversion Cycle (days) 145 125 127 113 108 105 105 96 99 87 89 82 85 78 72 70 81 70 67 66 66 69 62 58 75 65 66 65 51 56 65 55 60 58 61 61 54 62 51 61 54 41 53 49 51 40 45 44 40 37 43 36 33 38 41 38 32 42 30 30 30 32 33 35 29 25 33 32 33 31 30 FY10 FY11 FY12 FY13 FY14 FY15 FY
Slide 13: Dividend Yield
Dividend Yield FY22 0.11 1.2% 0.22 0.45 6.0% FY21 0.11 1.3% Total Dividend Payout (In Cents (SGD)) FY20 0.22 0.13 4.3% FY19 0.40 1.00 0.46 21.9% FY18 FY17 0.29 0.46 4.6% 0.18 0.17 2.4% FY16 FY15 0.35 0.50 6.3% FY14 0.30 0.75 8.0% FY13 0.24 0.25 0.30 6.3% FY12 0.22 0.30 5.0% FY11 0.30 0.16 0.33 7.9%
Slide 14: Corporate Overview
CORPORATE OVERVIEW 14
Slide 15: Serial System At A Glance
Serial System At A Glance Electronic Components* One of Asia Pacific’s 1H2025 : 85% largest electronic FY2024 : 88% distribution networks 1H2025 FY2024 Hong Kong 52% 50% Total Shares: China 22% 21% 905 million Free Float: 38% SERIAL Southeast Asia & India 14% 18% SYSTEM South Korea 7% 6% listed in T
Slide 16: Outlook
OUTLOOK
Slide 17: Industry Outlook
Industry Outlook Bright Spots China’s ongoing investments to achieve semiconductor self-sufficiency will continue to create new partnership opportunities as well as expand our businesses with existing Chinese semiconductor suppliers Structural growth in artificial intelligence, cloud computing,
Slide 18: Group Outlook
Group Outlook • The Group’s electronic components distribution business remains focused on broadening its product portfolio in AI, cloud computing, electric vehicles and renewable energy sectors and enhancing our capabilities in AI-related solutions and strategic technologies • The Group’s consumer
Slide 19: Forward-looking statements disclaimer
The presentation herein may contain forward-looking statements by the management of Serial System Ltd (“Serial System”) that pertain to expectations for financial performance of future periods versus past periods. Forward–looking statements involve certain risks and uncertainties because they relate
Slide 20: Thank You
Thank You Serial System Ltd 8 Ubi View #05-01 Serial System Building Singapore 408554 Tel: (65) 6510 2408 Fax: (65) 6547 1462 ecomm@serialsystem.com