Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Armstrong Industrial — Q1 2009 Earnings Presentation
10 slides from Singapore Exchange's earnings presentation, May 8, 2009
Slide 1: Armstrong Industrial Corporation Limited 1Q09 Results Briefing
ARMSTRONG Auto Component Mfr of The Year (Spore) ARMSTRONG 200 Best Under A Billion in 2008 Armstrong Industrial Corporation Limited 1Q09 Results Briefing 8th May 2009 Presented by Steven Koh, Deputy CEO/Executive Director 1 Prepared by Grace Wong
Slide 2: Contents
Contents ARMSTRONG • Introduction • Financial Review • Business Review • Business Outlook • Business Risk Management 2
Slide 3: Introduction
Introduction ARMSTRONG Armstrong Industrial Corporation Limited is a leading foam and rubber components manufacturer specializing in Noise and Vibration reduction for the automotive and electronics industries. 3
Slide 4: Financial Review
ARMSTRONG Financial Review 4
Slide 5: Comparative Financial Results (1Q2009 vs 1Q2008)
Comparative Financial Results ARMSTRONG (S$’000) 1Q2009 1Q2008 % Chg Turnover 32,754 46,614 -29.7 Gross Profit 7,088 12,877 -45.0 Gross Margin (%) 21.6 27.6 Operating Profit 890 6,104 -85.4 Profit Before Tax 799 6,059 -86.8 Net Profit 432 4,923 -91.2 Net Profit attributable to 699 4,173 -83.2 shar
Slide 6: Comparative Financial Results (1Q2009 vs 4Q2008)
Comparative Financial Results ARMSTRONG (S$’000) 1Q2009 4Q2008 % Chg Turnover 32,754 41,939 -21.9 Gross Profit 7,088 11,250 -37.0 Gross Margin (%) 21.6 26.8 Operating Profit 890 4,261 -79.1 Profit Before Tax 799 2,182 -63.4 Net Profit 432 1,856 -76.7 Net Profit attributable to 699 1,492 -53.2 shar
Slide 7: Key Financial Ratios
Key Financial Ratios ARMSTRONG Ratios 1Q2009 1Q2008 Turnover Ratio (Days) - Inventory Turnover 94 55 - Receivable Turnover 92 84 - Payable Turnover 64 49 Liquidity Ratio - Current Ratio (x) 2.45 2.41 - Gearing (Gross) 0.08 0.07 Return (%) - ROE 3.25 20.68 - ROA 1.81 22.03 NTA (cents) 17.45 16.46 7
Slide 8: Key Financial Ratios
Key Financial Ratios ARMSTRONG Ratios 1Q2009 FY2008 Turnover Ratio (Days) - Inventory Turnover 94 66 - Receivable Turnover 92 80 - Payable Turnover 64 49 Liquidity Ratio - Current Ratio (x) 2.45 2.21 - Gearing (Gross) 0.08 0.08 Return (%) - ROE 3.25 16.02 - ROA 1.81 16.04 NTA (cents) 17.45 16.94 8
Slide 9: Selected Balance Sheet Items
Selected Balance Sheet Items ARMSTRONG (S$’000) 31 Mar 09 31 Dec 08 % Chg Fixed Assets 43,375 41,615 +4.2 Working Capital 51,709 51,668 -1.0 (CA-CL) Total Assets 132,481 137,959 -4.0 Cash 26,387 26,506 -0.4 Total Borrowings 7,019 7,195 -2.4 Total Equity 95,172 92,598 +2.7 9
Slide 10: Questions & Answers
ARMSTRONG Questions & Answers 10