Lee Swee Kiat Group Bhd. · MYX:LEESK
Lee Swee Kiat Group Bhd — Investor Presentation (October 2022)
22 slides from Lee Swee Kiat Group Bhd's investor presentation, October 2022
Slide 1: Corporate Presentation
CORPORATE PRESENTATION October 2022 This presentation has been prepared by Esente Advisory Sdn Bhd pursuant to the Investor Relations and Public Relations Incentive Program administered by Bursa Malaysia Berhad. This report has been produced independent of any influence from Bursa Malaysia Berhad. B
Slide 2: Company Overview
COMPANY OVERVIEW w w w. l s k . c o m . m y
Slide 3: Company Overview: Quick snapshot
COMPANY OVERVIEW Quick snapshot Lee Swee Kiat Group Berhad (LSK) is a public company listed on the Bursa Malaysia Securities Bhd. It was established in year 1975. We are one of the most extensive mattress manufacturers in South East Asia with one stop production lines including natural latex foam, a
Slide 4: Board of Directors
COMPANY OVERVIEW Board of Directors LEE SWEE KIAT Founder Executive Chairman DATO’ ERIC LEE Executive Directors In-charge of overall Managing Director Cum CFO Group operations & finance VINCENT LEE In-charge of PU foaming Executive Director & Lamination business LEE KONG HOOI Non Independent Non- De
Slide 5: Business Overview
BUSINESS OVERVIEW w w w. l s k . c o m . m y
Slide 6: Largest natural latex bedding manufacturer in Malaysia
BUSINESS OVERVIEW Largest natural latex bedding manufacturer in Malaysia LSK operates as a niche player focusing on high value added 100% natural latex & premium branded bedding. We produce both finished mattresses, which are sold under its own brands, as well as semi-finished goods (latex foam). In
Slide 7: Geographical business presence
BUSINESS OVERVIEW Geographical business presence Export Domestic 45% Export to countries including Korea, 55% China, Europe, Canada, United States, Japan etc. TOWARDS GREEN & SUSTAINABILITY IN SLEEP TECHNOLOGY 7
Slide 8: Portfolio of Brands
BUSINESS OVERVIEW Portfolio of Brands Mattress Brands Malaysia Largest Top 10 American bedding Leading Visco-elastic Mattress A sub-brand under Englander Natural Latex bedding brand established since 1894 in the World for Memory foam Others Specialised bedding Mattress Leading Recliner Italian Mattr
Slide 9: Awards and Recognitions
BUSINESS OVERVIEW Awards and Recognitions 01. CERTIFIED AS THE LARGEST NATURAL LATEX BEDDING MANUFACTURER 02. 2019 03. THE FIRST CERTIFIED GLOBAL ORGANIC LATEX MANUFACTURER 2020 TOWARDS GREEN & SUSTAINABILITY IN SLEEP TECHNOLOGY 9
Slide 10: Awards and Recognitions
BUSINESS OVERVIEW Awards and Recognitions TOWARDS GREEN & SUSTAINABILITY IN SLEEP TECHNOLOGY 10
Slide 11: Awards and Recognitions
BUSINESS OVERVIEW Awards and Recognitions TOWARDS GREEN & SUSTAINABILITY IN SLEEP TECHNOLOGY 11
Slide 12: Operating Highlights
OPERATING HIGHLIGHTS w w w. l s k . c o m . m y
Slide 13: Strategic collaborations bearing fruit
OPERATING HIGHLIGHTS Strategic collaborations bearing fruit • A synergistic collaboration between Cuckoo and LSK to launch Cuckoo Napure mattress a “rental business model” • This model would allow LSK to receive recurring monthly rental cash flow through a fixed number of instalments • Spearheading
Slide 14: Complete acquisition of Italhouse
OPERATING HIGHLIGHTS Complete acquisition of Italhouse The Group entered into deed The Group proposed to settlement over shortfall of acquire the goodwill profit guarantee. and assets of Italhouse furniture retail The controlling shareholder of showroom business TMH and AIH agreed to from TMH and AI
Slide 15: Financial Highlights
FINANCIAL HIGHLIGHTS w w w. l s k . c o m . m y
Slide 16: Financial Highlights: Revenue
FINANCIAL HIGHLIGHTS Revenue Q2 Revenue (RM’000) Q1 Revenue 104,633 • We achieved record revenue of RM104.6 million for 2021, 100,031 101,748 an increased 8.3% from RM96.6 million in 2020, despite the 96,608 EMCO of 3 months during Q3 of 2021. 74,930 • The revenue for the first half improved by 17%
Slide 17: Financial Highlights: Profitability
FINANCIAL HIGHLIGHTS Profitability RM (‘000) FYE2017 FYE2018 FYE2019 FYE2020 FYE2021 1HFY2021 1HFY2022 PBT 6,840 11,736 9,712 8,309 9,047 5,745 8,097 PBT margin 9% 9% 12% 10% 9% 11% 13% PATAMI 6,033 10,246 8,053 6,497 7,517 4,867 6,801 PATAMI margin 8% 10% 8% 7% 7% 9% 11% EPS (sen) 3.7 6.3 4.9 4.0 4
Slide 18: Net cash with ample space for any opportunity expansion
FINANCIAL HIGHLIGHTS Net cash with ample space for any opportunity expansion Turnover days Balance sheet 1HFY22 (RM’000) 99 99 Asset Liability 88 90 90 78 Cash Conversion Cycle 64 (Days) 58 61 58 42 Inventory Turnover (Days) Days 25 30 30 28 15 Debtor Turnover (Days) 7 52,298 -2 1 -13 2017 2018 2019
Slide 19: Consistent dividend payout to shareholders
FINANCIAL HIGHLIGHTS Consistent dividend payout to shareholders As part of the management principles, we have a dividend policy of minimum 30% of consolidated profit as dividend to reward our shareholders. Dividend per share(sen) and Dividend Yield (%) Dividend Pay-Out (RM million) Dividend Dividend
Slide 20: Investment Highlights
INVESTMENT HIGHLIGHTS w w w. l s k . c o m . m y
Slide 21: Summary Investment Highlights
SUMMARY INVESTMENT HIGHLIGHTS We are Malaysia’s largest natural latex manufacturer in 01 terms of production capacity. We are streamlining our process through automation as part of our effort to reinforce our market leading position The Group has well established brands under its portfolio 02 with s
Slide 22: Thank You
THANK YOU Wisma LSK, Lot 6122, Jalan Haji Abdul Manan, Off Jalan Meru, 41050 Klang, Selangor Darul Ehsan Tel: 603 3392 4488
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