New Hoong Fatt Holdings Bhd. · MYX:NHFATT
New Hoong Fatt Holdings Bhd — Investor Presentation (January 2024)
34 slides from New Hoong Fatt Holdings Bhd's investor presentation, January 2024
Slide 1: Corporate Presentation
NEW HOONG FATT HOLDINGS BERHAD Registration No. 199701010213 (425709-K) Corporate Presentation January 2024
Slide 2: Corporate Overview
Corporate Overview One of the largest automotive parts >40 years of Manufactures Distributes to the whole suppliers in experience in the >3,300 automotive of Malaysia and Replacement automotive parts parts in-house, exports to >50 Equipment industry supplies >15,000 countries worldwide Manufacturers
Slide 3: Table of Content
Table of Content 1 Corporate Profile & Structure 2 Business Overview c 3 Financial Highlights 4 Outlook & Strategy 5 Investment Merits 3
Slide 4: 1. Corporate Profile & Structure
1. Corporate Profile & Structure 4
Slide 5: Stock Information
Stock Information Stock Code : NHFATT/7060 Shariah Status : Shariah-compliant Share Price : RM3.29 (@ 29/12/23) Market Cap. : RM272 mil Listing : Main Market of Bursa Issued Cap. : 82.7 mil shares Malaysia Sector : Consumer Products & 52w Hi-Low : RM2.53 - RM3.60 Services (Automotive) 5
Slide 6: A Brief History of NHF: >40 years & counting
A Brief History of NHF: >40 years & counting Founded as a trading Listed on the (then) Established trading Achieved best- company in 1977 & Second Board of branches in Jakarta & ever revenue in carved a niche in the Bursa with 40 mil Shanghai. FY22. REM market. share capital. 1977 1989 1998 2001 201
Slide 7: Corporate Structure
Corporate Structure NEW HOONG FATT HOLDINGS BERHAD 100% owned subsidiaries Operating Divisions [ Marketing/Distribution/Trading/Export Auto Global International Sdn. Bhd. New Hoong Fatt Auto Supplies Sdn. Bhd. 99.8% | Manufacturing Auto Global Parts Industries Sdn. Bhd. MJ Manufacturing Industries S
Slide 8: 2. Business Overview
2. Business Overview 8
Slide 9: Business Overview
Business Overview Manufacturing Trading & Distribution Metal Parts Plastic Parts 9
Slide 10: Key REM Segments NHF Specialises In
Key REM Segments NHF Specialises In Tyres, Wheels, Rims, Valve Tyres Parts & Components Air Conditioning Parts Hood, Door, Fender, Compressor, Expansion Grille, Bumper, Trunk Valve, Condenser, Lid, Tail Gate Evaporator Key REM Segments Accessories & Customising Repair, Maintenance & Service LED Lamp
Slide 11: Our Product Groups
Our Product Groups Metal Group Plastic Group Door Tailgate Fender Bumper & Grille Hood Trunk Lid Head Lamp Panel Head & Tail Lamps Automotive Accessories Ignition Switch Fan Blade Radiator Door Mirror Windscreen 11
Slide 12: Our House Brands
Our House Brands Our House Brands Fit A Wide Range of Cars 12
Slide 13: Our Manufacturing Capabilities
Our Manufacturing Capabilities ✓ Capacity to manufacture up to 6 mil automotive body parts per annum ✓ Manufactures more than 3,300 items in-house (~1,200 metals and 2,100 plastics) 3D Imaging Scanner In-House Tooling Metal Stamping MIG Robot Plastic Injection Machine 3D Laser Welding & Cutting Mach
Slide 14: Local and Overseas Trading Branches
Local and Overseas Trading Branches Physical Ampire, Shanghai presence in 3 countries Headquarters - Klang Kota Kinabalu Branch PT NHF, Jakarta, Indonesia Segambut, KL Branch 14
Slide 15: Our Extensive Distribution Network
Our Extensive Distribution Network Malaysia Wholesalers & > 1,000 retailers in Malaysia Stock keeping > 15,000 units (SKUs) being distributed Overseas Export countries across Asia, > 50 Central & South America, Europe and Africa Overseas > 100 customers 15
Slide 16: Our Distribution Flow
Our Distribution Flow LOCAL EXPORT Trading Companies Importers from overseas • Wholesalers • Retailers • Wholesalers • Retailers Car Workshops Car workshops End Users 16
Slide 17: 3. Financial Highlights
3. Financial Highlights
Slide 18: Five-Year Group Financial Summary
Five-Year Group Financial Summary FOR THE PERIOD ENDED 31 DECEMBER 2022 2021 2020 2019 2018 Revenue (RM’000) 290,364 244,225 236,878^ 271,718^ 253,553^ Profit Before Tax (RM’000) 33,205 25,102 14,496 18,763 19,321 Profit After Tax (RM’000) 26,699 19,584 11,555 14,871 14,008 Total Assets (RM’000) 595
Slide 19: FY2022 Financial Highlights
FY2022 Financial Highlights Continued to pursue a consolidation strategy, delivered a solid performance in 2022 Revenue FY22 Revenue Profit Before Tax FY22 Profit Before Tax 272 290 RM 290 mil 33 RM 33 mil 254 244 25 237 +19% +32% RM mil 19 19 RM mil 14 YoY YoY FY21 Revenue FY21 Profit Before Tax 20
Slide 20: FY2022 Financial Highlights (cont'd)
FY2022 Financial Highlights (cont’d) Continued to deliver value Maintained to shareholders profitable Shareholders’ Equity Earnings Per Share Net Assets Per Share FY22 Total Dividend RM 509 mil 32 sen per share RM 6.16 per share 13 sen per share As at 31 Dec 2022 As at 31 Dec 2022 As at 31 Dec 2022
Slide 21: Revenue FY 2022 Breakdown by Geographical Segments
Revenue FY 2022 Breakdown by Geographical Segments Malaysia Segment 56% FY21: RM130 mil (53%) Non- ASEAN Malaysia RM 162 m ASEAN Non- ASEAN Segment 26% RM 76 m RM 52 m FY21: RM69 mil (29%) ASEAN Segment 18% FY21: RM45 mil (18%) 21
Slide 22: Financial Performance YTD 3Q 2023 vs. YTD 3Q 2022
Financial Performance YTD 3Q 2023 vs. YTD 3Q 2022 RM’000 YTD 3Q 2023 YTD 3Q 2022 % of Change Revenue 213.4 223.2 (4.4) Gross Profit 60.6 51.2 18.4 Gross Profit Margin (%) 28.4 22.9 Other Operating Income 23.3 31.1 (25.1) Operating Expenses -39.7 -49.1 (19.1) Finance Costs - -0.4 (100.0) Profit Befor
Slide 23: FY2023 Business Overview
FY2023 Business Overview Challenges faced in 2023: • Protectionist measures are on the rise, causing economic slowdown in countries relying on exports to US and China. • Weaker domestic sentiment in China largely due to the significant collapse of China’s real estate sector has caused a surge in exp
Slide 24: Our Responses
Our Responses Product & pricing management Diligent cost management Improvement in efficiency & productivity 24
Slide 25: 4. Outlook & Strategy
4. Outlook & Strategy 25
Slide 26: Outlook
Outlook • Growing pool of cars on the road drives demand • Geopolitical situations • Tighter monetary conditions 26
Slide 27: Our Strategy
Our Strategy Cost control & enhance operational efficiency Focus on the ASEAN market Consolidation strategy 27
Slide 28: ASEAN Automotive Market Overview
ASEAN Automotive Market Overview Total Market Opportunity: 234 million Total road motor vehicles Key ASEAN Motor Vehicles ASEAN Malaysia Thailand Indonesia Vietnam Philippines (“MV”) to population Total as at 2022* Total number of registered road MV 35,093 43,394 125,384 4,180^ 13,889 234,294 (‘000)
Slide 29: ASEAN Automotive Market Overview (cont'd)
ASEAN Automotive Market Overview (cont’d) Total No. of Registered Road Motor Vehicles (‘000) in ASEAN as at 2022 Indonesia 125.4 mil Thailand 43.4 mil Malaysia 35.1 mil Philippines 13.9 mil 234 mil Registered Road Motor Vehicles in ASEAN Myanmar 7.2 mil Vietnam ^4.2 mil Laos 3.1 mil Singapore 1.0 mi
Slide 30: ASEAN Automotive Market Overview (cont'd)
ASEAN Automotive Market Overview (cont’d) Total No. of Registered Road Motor Vehicles (‘000) in ASEAN for 2016 - 2022 Country 2016 2017 2018 2019 2020 2021 2022 Malaysia 27,613.3 28,738.2 29,956.5 31,214.8 32,378.2 33,570.2 35,092.7 Thailand 37,338.1 38,308.8 39,551.8 40,712.0 41,471.3 42,314.0 43,3
Slide 31: 5. Investment Merits
5. Investment Merits 31
Slide 32: Leading Replacement Equipment Manufacturer
Leading Replacement Equipment Manufacturer Capable & Largest REM in Healthy Macro Consistent Dividend Experienced Malaysia Fundamentals Payout Management ✓ 2nd generation ✓ REM market leadership; aided growth not tied to ✓ Specialises in by professionals. new vehicle sales automotive (unlike OEM co.
Slide 33: Disclaimer
Disclaimer • This presentation may contain forward-looking statements. All statements other than statements of historical facts contained in this presentation including, without limitation, those regarding our financial position, business strategies, plans and objectives of our Group for future oper
Slide 34: Thank you!
Thank you! +603-3392 6818 enquiries@newhoongfatt.com.my Lot 5043, Jalan Teratai Meru, 41050 Klang, Selangor www.newhoongfatt.com.my
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