Playmates Toys Limited · HKEX:869
Playmates Toys — FY2023 Earnings Presentation
17 slides from Playmates Toys's earnings presentation, Mar 15, 2024
Slide 1: Playmates Toys Limited 2023 Full Year Results Briefing
Playmates Toys Limited 2023 Full Year Results Briefing 15 March 2024
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 2023 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 We create, design, market & distribute branded promotional toys 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: 2023 Operating Environment
2023 Operating Environment Our operating environment was once again challenging in 2023 US overall Toy sales declined by 8% in both unit and dollar terms compared to 2022 Inflationary pressures dampened demand for discretionary goods 6
Slide 7: Our 2023 Results Reflected
Our 2023 Results Reflected Higher turnover compared to 2022 driven by: the successful relaunch of our Teenage Mutant Ninja Turtles toy line supported by the global release of Teenage Mutant Ninja Turtles: Mutant Mayhem animated film during the summer of 2023 Higher gross profit margin due to: favour
Slide 8: Financial Performance
Financial Performance Income Statement Highlights HK$ Million 2022 2023 +/-% Revenue 504.2 1,109.4 120% Gross Profit 235.7 636.7 170% Other revenue 29.2 - N/A Marketing and licensing (97.4) (203.2) 109% Selling & Distribution (38.6) (99.3) 157% Administration (94.4) (124.4) 32% Operating profit 34.5
Slide 9: Margin Analysis
Margin Analysis 100% Cost of Sales Marketing & licensing 90% 42.6% Selling & Distribution 80% 53.3% Administration 70% Income Tax Net Profit 60% 18.3% 50% 19.3% 9.0% 40% 11.2% 30% 7.7% 3.3% 20% 18.7% 10% 1.0% Net profit 1.9% Net profit 20.2% 0% 2022 2023 Revenue: HK$504.2M HK$1,109.4M 9
Slide 10: Revenue Breakdown by Regions
Revenue Breakdown by Regions 2022 2023 1.5% 0.1% 2.0% 0.5% 2.7% 2.9% 25.4% 20.3% 60.1% 6.2% 69.0% 9.3% HK$504.2M HK$1,109.4M U.S.A. Other Americas Europe Australasia Asia Others 10
Slide 11: Financial Performance: Balance Sheet Highlights
Financial Performance Balance Sheet Highlights HK$ Million 31/12/2022 31/12/2023 Inventories 23.7 58.9 Trade Receivables 61.0 328.8 Investments 58.6 68.6 Cash & Bank Balances 927.9 1,002.8 Net Current Assets 946.3 1,107.7 Net Assets 986.8 1,163.9 Net Asset per Share (HK$) 0.84 0.99 Gearing Ratio 0.0
Slide 12: Looking Forward
| Looking Forward "VRENAGE MUTANT MALT ng
Slide 13: Looking Forward
Looking Forward Lapping the 2023 release of the Teenage Mutant Ninja Turtles: Mutant Mayhem movie will present more challenging year‐over‐ year comparisons in 2024 However, Paramount is planning to release a spinoff animated series on Paramount+ during 2024 that should provide support for the brand
Slide 14: Teenage Mutant Ninja Turtles: Mutant Mayhem
The Paramount Pictures animated movie Teenage Mutant Ninja Turtles: Mutant Mayhem, developed by Paramount Animation and produced by Seth Rogen’s Point Grey Pictures, delivered solid box office results and drove strong toy sales in 2023. The movie is available for streaming on Paramount+ and other
Slide 15: Godzilla x Kong: The New Empire
In Spring 2024, Legendary Pictures’ cinematic Monsterverse will follow up the explosive showdown of Godzillavs.Kong with the anticipated sequel Godzillax Kong: The New Empire As the global master licensee, Playmates Toys is producing highly detailed action figures in various collectible sizes, d
Slide 16: Miraculous: Tales of Ladybug & Cat Noir
Disney has acquired seasons six and seven of the popular Miraculous: Tales of Ladybug & Cat Noir animated series, along with three new hour‐long specials. All of this new content will premiere on Disney Channels worldwide starting Fall 2024, and will subsequently roll out on Disney+ The animated mus
Slide 17: Thank You!
Playmates Toys Limited Thank You!