Hung Hing Printing Group Limited · HKEX:450
Hung Hing Printing — H1 2021 Earnings Presentation
18 slides from Hung Hing Printing's earnings presentation, 2021
Slide 1: Interim Results, 6 months ended 30 Jun 2021
lnterim Results 6 months ended 30 Jun 2021 中期業績簡報 截至2021年6月30日止6個月 At Hung Hing, we are proud of our 70 years of printing and packaging excellence, which has seen the Group grown from a small printing house to one of the largest printing solution providers in Asia with an extensive global outreach.
Slide 2: 2021 Interim Results highlights
Hung Hing Printing Group Ltd. - 2021 Interim Results 鴻興印刷集團2021年度中期業績 Profit attributable to shareholders jumped +650% to 36.4 mil. Sales increased significantly by +36.6% to 1,501 mil. 股東應佔溢利增加 650% 至 36.4百萬元; 營業額上升 36.6% 至 15.01 億元 (Unit: HK$ million / 單位: 港 幣 百 萬 元 ) 1H 2021 1H 2020 • Group reven
Slide 3: Group Income Statement - 2021 Interim Results
Group Income Statement - 2021 Interim Results • Gross margin down by 1.6% pt.; mainly due to abrupt paper price inflations, order mix (manual work intensive) and RMB appreciation brought pressure to production costs • Profit increased significantly to 36.7 mil. tally with robust sales growth of +36.
Slide 4: Financial position: 2021 Interim
Financial position: 2021 Interim Strong financial position with net cash 898m (incl. 375m structured deposits) and low gearing 3.7% despite challenging market conditions; Propose to uplift interim dividend by 33% to HK 4 cents, reflecting confidence to maximize shareholder return in line with divide
Slide 5: Sales Revenue - 2021 Interim (External Customers)
Sales Revenue - 2021 Interim (External Customers) Sales improved across all segments; Overall +36.6% growth vs. 1H/2020 (HK$ million, Six-month period) 1,600 1,464 1,501 % vs. 1H2020 1,436 +36.6% 1,400 1,394 248 Paper Trading 210 169 233 (PT) +73% 1,200 102 123 125 80 1,099 1,000 291 144 Corrugated
Slide 6: Group EBITDA - 2021 Interim
Group EBITDA - 2021 Interim EBITDA almost doubled to 107mil driven by robust export revenue growth, contribution of paper trading and paper sourcing support under exceptional market conditions, and favorable exchange / forward hedging performance EBITDA (HK$ million, Six-month period) EBITDA as % of
Slide 7: Segment revenue & profit contribution% - 2021 Interim
Segment revenue & profit contribution% - 2021 Interim All segments reported significant Sales growth and Profit Contribution improvement Books and Package Printing (BPP) Consumer Product Packaging (CPP) Revenue (HK$mil.) Revenue (HK$mil.) 1,000 5.0% 300 4.0% 877 251 3.2% 3.0% 750 2.0% 654 200 201 1.
Slide 8: Proposed Interim Dividend
Proposed lnterim Dividend ©2021 Hung Hing Printing Group Ltd.
Slide 9: Earnings / (Loss) per Share (EPS / LPS)
Earnings / (Loss) per Share (EPS / LPS) 公司權益持有人應佔溢利 / (虧損)及每股盈利 / (虧損) Profit / (Loss) Basic Attributable to Shareholders EPS / (LPS) 40 36 5 4.0 30 4 3 20 14 2 1.6 10 (HK$ million) 5 5 0.5 0.5 (HK Cents) 1 0 0 (1) (10) (2) (20) (3) (30) (4) (3.9) (40) (35) (5) 1H2017 1H2018 1H2019 1H2020 1H2021 1H2
Slide 10: Proposed Interim Dividend for 2021
Proposed lnterim Dividend for 2021 (HK¢ per share) Commentary • Propose to uplift shareholders return in 35.0 line with dividend policy, and to offer the 32 utmost in rewarding shareholders whenever business performance allows. 30.0 • Despite global economic & geo-political uncertainties remain, we
Slide 11: Uplift Interim Dividend by 33% to HK 4 cents
Hung Hing Printing Group Ltd. - 2021 Interim Results 鴻興印刷集團2021年度中期業績 Uplift Interim Dividend by 33% to HK 4 cents 增加派發中期股息至 4 仙 (Unit: HK$ million / 單位: 港 幣 百 萬 元 ) 1H 2021 1H 2020 • Group revenue increased by 36.6% 1,501 1,099 集團營業額上升36.6% • Gross profit margin 14.1% (down 1.6% pt. vs. 2020) 14.1%
Slide 12: Appendices
Appendices ©2021 Hung Hing Printing Group Ltd.
Slide 13: Strategic Investments
Strategic Investments ©2021 Hung Hing Printing Group Ltd. I p. 13
Slide 14: Innovation Hub at HH
Innovation Hub at HH Our team is specialized in creative design and product development for a brand new and exciting category of 'print + digital' products using innovative and patented technologies. Improve Creative De-Spec and cost Creating new re-assessment concepts and formats Problem Solving Ba
Slide 15: We operate sustainably
HUNG HING FSC® Forest Stewardship Council - Chain of Custody to ensure paper originates from well-managed Forest since 2007 PEFCPEFC re, Programme for the Endorsement of Forest Certification Schemes - Chain of Custody - provides link between PEFC paper products and sustainably managed forest ISO 500
Slide 16: Going forward
Going forward 1992 1950 Founded as a small printing 1959 1966 1970 1989 Listed on the Stock Diversified into Began operation Expanded into Relocated to Tai shop in Central, Hong Kong, by Exchange of the printing and in corrugated paper trading Po Industrial Mr. Yam Cheong Hung. Hong Kong. manufactur
Slide 17: Disclaimer
Disclaimer The presentation is prepared by Hung Hing Printing Group Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investment deci
Slide 18: Thank you.
Thank you. ©2021 Hung Hing Printing Group Ltd. I p. 18
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