Playmates Toys Limited · HKEX:869
Playmates Toys — H1 2018 Earnings Presentation
18 slides from Playmates Toys's earnings presentation, Aug 10, 2018
Slide 1: Playmates Toys Limited 2018 Interim Results Briefing
Playmates Toys Limited 2018 Interim Results Briefing 10 August 2018
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 Our 2018 Interim 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 | TEENAGE MUTANT NIM TURTLES a -
Slide 7: Our 2018 Interim Results Reflected
Our 2018 Interim Results Reflected Limiting supply of TMNT products to prepare for fresh beginning of next iteration in 4th quarter of 2018 Lower gross profit ratio due to: (i) higher proportion of sales outside U.S. (ii) product clearance in U.S. (iii) higher development costs Lower marketing, sell
Slide 8: Financial Highlights
Financial Highlights Income Statement HK$ Million 1H2017 1H2018 +/-% Revenue 322.3 136.7 -57.6% Gross Profit 180.6 64.5 -64.3% Marketing (75.2) (30.1) 60.0% Selling & Distribution (12.6) (7.0) 44.4% Administration (58.1) (59.5) -2.3% Operating Profit/Loss 34.7 (41.5) -219.7% Profit/Loss before taxat
Slide 9: Margin Analysis
Margin Analysis 100% Cost of Sales 90% Marketing 44.0% 52.8% 80% Selling & 70% Distribution 60% Administration 22.0% 50% 23.3% 5.1% 1.3% Others 40% 3.9% 30% 18.0% Income Tax 43.5% 20% 2.2% Net Profit 10% 11.4% 0% 1H2017 1H2018 Revenue: HK$322.3M HK$136.7M 9
Slide 10: Revenue Breakdown by Regions
Revenue Breakdown by Regions 1H 2017 1H 2018 10.1% 2.9% 1.3% 3.9% 0.9% 2.5% 19.9% 20.2% 51.3% 6.1% 66.2% 14.5% U.S.A. Other Americas Europe Australasia Asia Others 10
Slide 11: Financial Highlights
Financial Highlights Balance Sheet HK$ Million 30/06/17 30/06/18 Inventories 43.7 17.4 Trade Receivables 137.2 40.3 Cash & Bank Balances 1,040.0 1,011.9 Net Current Assets 1,027.5 937.4 Net Assets 1,086.6 984.6 Net Asset per Share (HK$) 0.90 0.83 Gearing Ratio 0.0 0.0 Current Ratio 5.2 5.7 11
Slide 12: Looking Forward
Looking Forward RISE oF THE TEENAGE MUTANT NINJA F f 7
Slide 13: Looking Forward
Looking Forward Expect stronger second half of 2018 driven by launch of Rise of the Teenage Mutant Ninja Turtles in 4th quarter and continuation of Ben 10 toy shipments Launch two internally-developed product lines, Kuroba and Tine Toes, in Fall 2018 Actively pursuing selective new opportunities 13
Slide 14: Rise of the Teenage Mutant Ninja Turtles launching Fall 2018
ALL-NEW animated series, Rise of the Teenage Mutant Ninja Turtles, launching in Fall 2018 Relaunch will be supported by significant promotions during 4th quarter Limited shipment in late 2017 provided fresh start for new product line in Fall 2018 Confident in TMNT’s prospects as evergreen entertainm
Slide 15: Cartoon Network's Ben 10 animated TV series
Cartoon Network’s Ben 10 animated TV series continues to be popular in US and in many international markets. Actively developing 2019 product line extensions. 15
Slide 16: Internally-developed toy line launching Fall 2018
Internally-developed toy line will be launched in Fall 2018 Unique way to play classic game of "rock, paper, scissors" with interactive twist! Early test under way at U.S. Target Stores; animated webisodes telling stories of Kuroba available on YouTube 16
Slide 17: Tiny Toes interactive baby dolls
Tiny Toes, collectible line of interactive baby dolls, will be launched during 4th quarter 2018 Each Tiny Toe interactive doll comes to life in your palm with numerous functions and play features 17
Slide 18: Thank You!
Playmates Toys Limited Thank You!