Playmates Toys Limited · HKEX:869
Playmates Toys — FY2018 Earnings Presentation
18 slides from Playmates Toys's earnings presentation, Feb 28, 2019
Slide 1: Playmates Toys Limited 2018 Full Year Results Briefing
Playmates Toys Limited 2018 Full Year Results Briefing 28 February 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and subsequent discussion may contain forward-looking statements with respect to the financial condition, results of operation and business of Playmates Toys Limited. Such forward-looking statements represent expectations or beliefs concerning future even
Slide 3: Content
Content About Playmates Toys Our Mission Our Latest Performance Operating Environment Our 2018 Results Reflected Financial Performance Looking Forward 3
Slide 4: About Playmates Toys
About Playmates Toys Founded: 1966 First Group listing: 1984 HKSE#0869 – Playmates Toys Limited A leading manufacturer of promotional toys Create, design, market & distribute branded products worldwide More information – www.playmatestoys.com 4
Slide 5: Our Mission
Our Mission We strive to create superior shareholder value by selectively investing in proprietary and licensed brands and delivering quality, safe, and innovative toys to the consumers while managing costs prudently to maximize operational leverage. 5
Slide 6: Our Latest Performance
Our Latest Performance {OCB ,
Slide 7: Operating Environment
Operating Environment During 2018: Challenging retail environment driven by Toys “R” Us bankruptcy Softening consumer sentiments in the fourth quarter Competition from video games NPD Group reported US toy market contracted 2.0% in 2018* * Source: The NPD Group / Retail Tracking Service Annual 2018
Slide 8: Our 2018 Results Reflected
Our 2018 Results Reflected Nickelodeon re-launched TMNT franchise in an all- new animated series, Rise of the Teenage Mutant Ninja Turtles, during Fall 2018. Cartoon Network’s Ben 10 animated TV series continues to be popular in US and many international markets. Lower recurring operating expenses:
Slide 9: Financial Performance: Income Statement Highlights
Financial Performance Income Statement Highlights HK$ Million 2017 2018 +/-% Revenue 758.3 474.2 -37.0% Gross Profit 411.3 250.9 -39.0% Marketing (187.3) (109.6) 41.5% Selling & Distribution (30.6) (27.1) 11.4% Administration (119.2) (122.2) -2.5% Impairment Loss on Trade Receivables - (5.3) N/A Ope
Slide 10: Margin Analysis
Margin Analysis Cost of Sales 100% Marketing 90% Selling & Distribution 45.8% 47.1% 80% Administration 70% Others Income Tax 60% Net Profit 50% 24.7% 23.1% 40% 4.0% 5.7% 30% 15.7% 20% 25.8% 4.3% Net Profit 10% Others 7.4% 0.1% 0.8% ‐1.9% Others 0% ‐2.6% 2017 2018 Revenue: HK$758.3M HK$474.2M 10
Slide 11: Revenue Breakdown by Regions
Revenue Breakdown by Regions 2017 2018 2.8% 0.7% 5.1% 1.0% 3.1% 1.9% 21.6% 19.8% 63.9% 6.5% 65.4% 8.4% HK$758.3M HK$474.2M U.S.A. Other Americas Europe Australasia Asia Others 11
Slide 12: Financial Performance: Balance Sheet Highlights
Financial Performance Balance Sheet Highlights HK$ Million 31/12/2017 31/12/2018 Inventories 22.7 24.2 Trade Receivables 169.4 140.0 Cash & Bank Balances 1,021.2 1,008.1 Net Current Assets 1,020.2 972.6 Net Assets 1,064.7 1,017.7 Net Asset per Share (HK$) 0.89 0.86 Gearing Ratio 0.0 0.0 Current Rati
Slide 13: Looking Forward
Looking Forward and more to come... 13
Slide 14: Looking Forward
Looking Forward Rise of the Teenage Mutant Ninja Turtles Season 2 will premiere in Fall 2019. Ben 10 product line extensions in active development for Fall 2019 and beyond. ZAG HEROEZ: Power Players, brand new show to debut in Fall 2019, multi-segment toy line in development to launch in early 2020.
Slide 15: Nickelodeon re-launched TMNT franchise with Rise of the Teenage Mutant Ninja Turtles
Nickelodeon re-launched TMNT franchise in all-new animated series, Rise of the Teenage Mutant Ninja Turtles, during Fall 2018 TV show off to a good start, will be supported by regular airings, on-air promotions, and additional short-form content throughout 2019 Nickelodeon announced Season 2 will pr
Slide 16: Cartoon Network's Ben 10 continues to be popular
Cartoon Network’s Ben 10 continues to be popular in US and in many international markets Season 3 will premiere in Spring 2019 and introduce plenty of transformations and never-before-seen aliens and foes Product line extensions in active development for Fall 2019 and beyond 16
Slide 17: Playmates secured master toy rights of ZAG HEROEZ: Power Players
Playmates secured master toy rights of ZAG HEROEZ: Power Players Brand new show scheduled to debut on Cartoon Network in Fall 2019 Multi-segment toy line in development to launch in early 2020 17
Slide 18: Thank You!
Playmates Toys Limited Thank You!