Analogue Holdings Limited · HKEX:1977
Analogue — FY2020 Earnings Presentation
34 slides from Analogue's earnings presentation, Apr 1, 2021
Slide 1: FY2020 Annual Results Investor Presentation
(Stock code : 1977) ANALOGUE HOLDINGS LIMITED FY2020 Annual Results Investor Presentation 1 April 2021
Slide 2: Disclaimer
DISCLAIMER Disclaimer All information including statements, views and opinions contained herein this report, this presentation and accessory discussions whether in writing, orally provided or in any other form (the “Information”) does not constitute an offer of any form for the purposes of any appli
Slide 3: Contents
CONTENTS 01 COMPANY OVERVIEW 02 FINANCIAL REVIEW 03 BUSINESS REVIEW 04 GROWTH STRATEGIES 05 Q&A 3
Slide 4: Company Overview
COMPANY OVERVIEW A leading E&M Over 40 years of engineering operating history, over Latest Recognition service provider 2,500 employees and an headquartered in extensive portfolio of Hong Kong clients Provide comprehensive E&M Pioneer in Innovative E&M engineering and technology services engineering
Slide 5: Financial Review
@ATAL FINANCIAL REVIEW
Slide 6: Sustained Market Leading Position
HIGHLIGHTS Sustained Market Leading Position Record high value of outstanding contracts HK$11.8 billion + 25.9% Awarded 281 tenders* with total value of HK$6.1 billion Total value of tenders and quotations achieves HK$7.6 billion +16.9% Revenue at HK$5.1 billion +14.4% High dividend payout ratio at
Slide 7: Key Financial Data
KEY FINANCIAL DATA FY2019 FY2020 (HK$’M) (HK$’M) Growth Revenue 4,481.9 5,125.2 14.4% Gross Profit 786.7 909.1 15.6% Gross Profit Margin 17.6% 17.7% 0.1% Profit attributable to Owners of the Company 245.0 301.4 23.0% Basic Earnings per Share (cents) 20 22 2.0 Dividend per Share (cents) 8.92 10.82 21
Slide 8: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$’M) (HK$’M) 5,125.2 5,125.2 142.5 2.8% 4,481.9 605.5 11.8% 4,481.9 881.5 17.2% 274.3 6.1% 222.8 5.0% 453.3 8.8% 444.4 9.9% 15.1% 679.1 896.6 17.5% 1,086.9 24.3% Revenue: +14.4% 4,101.2 80.0% 3,580.0 79.9% 3,169.8 61.8% 2,676.3 59.7% FY2019 F
Slide 9: Healthy Financial Position
HEALTHY FINANCIAL POSITION FY2019 FY2020 (HK$’M) (HK$’M) Growth Current assets 3,000.8 3,148.0 4.9% Current liabilities 1,619.8 1,791.8 10.6% Bank balances and cash 686.5 1,116.1 62.6% Net current assets 1,381.0 1,356.2 (1.8%) Total assets less current liabilities 1,803.5 2,077.9 15.2% Current ratio
Slide 10: Business Review
@ATAL BUSINESS REVIEW
Slide 11: Building Services
BUILDING SERVICES Record high revenue: HK$ 3,170 million Outstanding contracts: HK$ 5,347 million Segment Revenue (HK$’M) 17.6 6.7 236.8 170 2,926 2,488 FY2019 FY2020 Contracting work Maintenance work Sales of goods
Slide 12: Innovative Technologies in Pioneering Projects
BUILDING SERVICES Innovative Technologies in Pioneering Projects InnoCell, HKSTP Fu Shan Public Mortuary Contract sum: HK$ 164M Contract sum: HK$ 237M –The first completed project in HK adopting MiC –Apply ATAL Building Services Prefabrication & Modularisation –Integrate BIM and MEP Modularisation t
Slide 13: Innovative Technologies in Pioneering Projects
BUILDING SERVICES Innovative Technologies in Pioneering Projects Temporary Quarantine Facilities (Phase IV), Penny’s Bay The Podium Development of Pavilia Farm, Tai Wai Contract sum: HK$ 27M Contract sum: HK$ 210M –Fast track temporary quarantine facility completed with MiC –Use BIM from detailed de
Slide 14: Contributing to CBD2 in Kai Tak
BUILDING SERVICES Contributing to CBD2 in Kai Tak NKIL 6557, Kai Tak Area 1E Site 2 NKIL 6568, Kai Tak Area 1F Site 1 Major department store and landmark Luxury residential complex for smart lifestyle Contract sum: HK$ 865M Contract sum: HK$ 202M – One of AHL’s largest Building Services contracts –I
Slide 15: Leading Data Centre Infrastructure Service Provider
BUILDING SERVICES Leading Data Centre Infrastructure Service Provider Government Data Centre Complex, Cheung Sha Wan Data Centre, Fo Tan Contract sum: HK$ 900M Contract sum: HK$ 340M − Provide E&M and maintenance services − Utilise BIM and off-site prefabrication and modularisation technologies − Cu
Slide 16: Key Infrastructure and Healthcare Facilities
BUILDING SERVICES Key Infrastructure and Healthcare Facilities MTR Shatin Central Link and Tuen Ma Line Kowloon East and Kowloon Central Hospital Clusters Contract sum: HK$ 108M Contract sum: HK$ 380M – 5-year E&M maintenance service contract for five stations − E&M works in 11 public hospitals and
Slide 17: Connecting Greater Bay Area (GBA) to the World
BUILDING SERVICES Connecting Greater Bay Area (GBA) to the World Intermodal Transfer Terminal Phase 1A, 1B & 2 at Lot No. 894 (Site A2) and 923 (Site A3), SKYCITY Contract sum: HK$ 277M Package projects: HVAC, Contract sum: HK$ 485M –Strengthen connection with GBA EL, P&D, sea water –Biggest indoor
Slide 18: Strong Demand in Macau and Mainland China
BUILDING SERVICES Strong Demand in Macau and Mainland China Galaxy Hotel Phase 3 Xujiahui Center Hong Qiao Block, Shanghai Contract sum: HK$ 300M Contract sum: HK$ 360M –World-class Resort –One of the largest commercial developments in Shanghai –A 38-storey hotel tower with over 600 guest rooms and
Slide 19: Environmental Engineering
ENVIRONMENTAL ENGINEERING Outstanding contracts: HK$ 5,039 million, up 115.8% YOY Segment Revenue (HK$’M) 172.1 87.4 278.4 292.6 636.4 516.6 FY2019 FY2020 Contracting work Maintenance work Sales of goods
Slide 20: Pioneering Projects with New Technologies
ENVIRONMENTAL ENGINEERING Pioneering Projects with New Technologies Sha Tin Water Treatment Works (South Works) Yuen Long Effluent Polishing Plant (Main Works for Stage 1) Covering full development cycle Contract sum: HK$ 1.2B Advance Works In-Situ Reprovisioning –The first phosphorous removal plant
Slide 21: Pioneering Projects with New Technologies
ENVIRONMENTAL ENGINEERING Pioneering Projects with New Technologies San Wai Sewage Treatment Works (Phase 1) Qingdao Jimo Sewage Treatment Plant SENTX Landfill Leachate Treatment Contract sum: HK$ 3.1B Contract sum: HK$ 124M Contract sum: HK$ 176M –Design, Build and Operation (DBO) contract –First B
Slide 22: Information, Communications & Building Technologies
INFORMATION, COMMUNICATIONS & BUILDING TECHNOLOGIES Outstanding contracts: HK$ 854 million, up 2.4% YOY Segment Revenue (HK$’M) 6.4 13.1 98.6 108.7 339.4 331.5 FY2019 FY2020 Contracting work Maintenance work Sales of goods
Slide 23: Smart Mobility
INFORMATION, COMMUNICATIONS & BUILDING TECHNOLOGIES Smart Mobility Transport Department Hong Kong Science Park Smart Parking System Hong Kong-Zhuhai-Macao Bridge Vehicle Examination Complex (TDVEC) Contract sum: HK$ 203M Contract sum: HK$ 12M Contract sum: HK$ 160M –All-in-one examination hub empowe
Slide 24: Transforming Hong Kong into a World-class Smart City
INFORMATION, COMMUNICATIONS & BUILDING TECHNOLOGIES Transforming Hong Kong into a World-class Smart City 28 Hennessy Road Expansion of Queen Mary Hospital Two Taikoo Place Award-winning proprietary cloud-based Modern Health Sciences Centre Commercial and Office Development Chiller Plant Energy Manag
Slide 25: Lifts & Escalators
LIFTS & ESCALATORS Outstanding contracts: HK$ 607 million, up 39.3% YOY Segment Revenue (HK$’M) 35.3 243.3 26.7 131.7 326.8 115.9 FY2019 FY2020 Contracting work Maintenance work Sales of goods
Slide 26: Acclaimed Lifts and Escalators Brand
LIFTS & ESCALATORS Acclaimed Lifts and Escalators Brand Central-Mid-Levels Escalator and Walkway System 22 Wing Kin Road, Kwai Chung Contract sum: HK$ 128M Contract sum: HK$ 20M –Supply, modernise and install escalators & moving walkways –Design, supply and install lifts and –ELEVATOR WORLD “2021 Pr
Slide 27: Global Expansion
LIFTS & ESCALATORS Global Expansion Tap into the US Market with Transel Elevator & Electric (“TEI”) United Kingdom –TEI is one of the largest independent lifts –New company in the UK, and escalators companies in New York the first foothold in Europe –Capture overseas business opportunities –Further
Slide 28: Manufacturing Plant in Nanjing
LIFTS & ESCALATORS Manufacturing Plant in Nanjing –Customised design and manufacturing of lifts, escalators and moving walkways –Capacity enhancement to support global expansion plan –Target completion: 2022 28
Slide 29: Maintenance Business: Strong Driver for Revenue Growth
MAINTENANCE BUSINESS Strong Driver for Revenue Growth Contribution to the 15.1% 17.2% Group’s revenue (HK$’M) More adaptable to changes in the economic cycle 1000 Bring in stable and recurring revenue 900 800 Maintain ties with customers 700 +29.8% 600 500 882 400 679 300 200 100 0 FY2019 FY20
Slide 30: Maintenance Business: Opportunities for Recurring Revenue
MAINTENANCE BUSINESS Opportunities for Recurring Revenue Public Estates Two International Finance Centre Hong Kong Housing Authority –3-year term contract for BMS maintenance Contract sum: HK$ 122M –Maintenance of P&D and FS works in public estates in Tai Po, North District, Sha Tin and Sai Kung reg
Slide 31: Growth Strategies
GROWTH STRATEGIES
Slide 32: The Way Forward
THE WAY FORWARD Record high Strong financial position to Growth strategy outstanding contracts: support future expansion − New Market HK$ 11.8 billion − New Technology − New Business Model Opportunities in Nurturing young engineers maintenance business Long-term graduate trainee and − Maintenance co
Slide 33: Market Outlook
MARKET OUTLOOK • Favourable Government policies and priorities create development opportunities • Rapid expansion of digital infrastructure in Mainland China, esp. Greater Bay Area • Further expansion on public works, Hospital Development Plan, large-scale infrastructure projects • Continuous govern
Slide 34: Thank You
@ATAL THANK YOU