Sam Engineering & Equipment (m) Bhd · MYX:SAM
Sam Engineering & Equipment (m) Bhd — Q4 FY2024 Earnings Presentation
25 slides from Sam Engineering & Equipment (m) Bhd's earnings presentation, May 30, 2024
Slide 1: Investors' Briefing Fourth Quarter FY2024
Investors’ Briefing Fourth Quarter FY2024 30th May 2024 Proprietary information of SAM, all rights reserved Proprietary Information of SAM 1
Slide 2: Safe Harbour
Safe Harbour The information contained in this presentation reflect the views and opinions of the management of SAM Engineering & Equipment (M) Berhad (“SAMEE”) with regard to the sources referenced and is part of the group business update. All sources of information are believed to be factual and c
Slide 3: SAMEE at a glance
SAMEE at a glance Full suite of services FY2024 Revenue Vertically integrated Precision machining, sheet- Contract Manufacturer metal fabrication, and surface RM 1.50 Billion Employs > 2000 staff serving Aerospace & treatment to equipment in 3 countries integration and automation 29% Aerospace Equip
Slide 4: Agenda
01 FY2024 milestones 02 Aerospace & equipment business outlook Agenda 03 Operations update 04 FY2024 financial Proprietary Information of SAM 4
Slide 5: FY2024 milestones
01 FY2024 milestones Proprietary Information of SAM 5
Slide 6: FY2024 Milestones
FY2024 Milestones Thailand RJ1 First Solar and BB1 Ban Beung 2 Aero Acquisition Panel started mass AS9100 Business of Aviatron System production Certified Turnaround Completed of front end Installed equipment Proprietary Information of SAM 6
Slide 7: FY2024 Milestones
FY2024 Milestones RM’ Mil CAGR (FY2007 to FY2024) : 14% Record Year 1600 1,497 1,445 1400 1200 1,148 COVID 1000 939 874 800 755 620 619 600 531 537 453 452 383 400 303 308 179 214 200 0 FY2007 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY
Slide 8: Aerospace & equipment business outlook
02 Aerospace & equipment business outlook Proprietary Information of SAM 8
Slide 9: Production of Commercial Aircraft
Production of Commercial Aircraft 2500 2,111 2,104 2,143 2,133 2,134 2,065 2,027 2,060 2000 1,827 1,606 1,574 1500 1,243 1,263 1,141 1000 951 723 500 0 2018 2019 2020 2021 2022 2023 2024F 2025F 2026F 2027F 2028F 2029F 2030F 2031F 2032F 2032F Airbus Boeing Actual Delivery Forecasted Production Rate S
Slide 10: Aerospace Market Long Term Outlook
Aerospace Market Long Term Outlook 1. Airbus highest order backlog record Airbus Apr-24 Apr-23 yoy chg Ø delivered 12% more aircraft (year-on-year) in 1st 4 months of CY2024 Deliveries 203 181 12% Ø All time high backlog - 10.8 years Ø Focus on production ramp-up Net orders 222 144 54% (Note: Due to
Slide 11: SAMEE Aerospace Business
SAMEE Aerospace Business Aircraft Programs Twin Aisle Aircraft Regional/Business Aircraft Single Aisle Aircraft • Airbus 350XWB • Embraer E2 190/195 • Airbus 220 • Boeing 777/X • Bombardier CRJ700/900 • Airbus 320ceo/neo • Boeing 787 • Gulfstream G200 • Boeing 737 Max • Dassault Falcon 200EX • Comac
Slide 12: SAMEE Aerospace Short Term Outlook
SAMEE Aerospace Short Term Outlook Boeing’s Aircraft Actual Plan Platform 2019 May 2024 2026 737Max 52 38 50 Airbus 777/X 2 3 4 787 12 5 10 Increase demand in beams: • A220 • A320neo Boeing • A350 Decrease demand in engine casings: • GENX (B787) Actual Airbus’s Plan • LEAP-B Aircraft Platform May La
Slide 13: Semiconductor Outlook
Semiconductor Outlook • The electronics and IC markets are recovering from a slump in 2023 with growth expected in 2024. • IC sales posted robust 22% YoY growth in Q1 2024 and are expected to surge 21% in Q2 2024 as shipments of high- performance computing (HPC) chips increase and memory pricing con
Slide 14: Semiconductor Equipment Outlook
Semiconductor Equipment Outlook March’24: 2024 is expected to be flat (1%) against 2023 2025 is expected to grow 20% SEMI: Worldwide 300mm fab equipment investment is expected to increase 20% to US$116.5 billion in 2025 and 12% to US$130.5 billion in 2026 before hitting a record high in 2027 on the
Slide 15: Secured New Business for Future Growth
Secured New Business for Future Growth • 4 First Article (FA) have been delivered to customers in March & April 2024. • Work-in-progress for new project to be transferred from the US • 3 new projects finalizing details with customers Proprietary Information of SAM 15
Slide 16: Operations update
03 Operations update Proprietary Information of SAM 16
Slide 17: SAM Thailand (Rojana and Ban Bueng)
SAM Thailand (Rojana and Ban Bueng) Rojana, Ayutthaya Ban Bueng, Chonburi RJ 1 RJ 2 BB 1 BB 2 Non-Cleanroom Sheetmetal Machining + Engine Casings Assembly Fabrication Cleanroom Assembly Mass Production Industrialization Phase Proprietary Information of SAM 17
Slide 18: SAM Thailand (Casing Business in Ban Bueng 2 Plant)
SAM Thailand (Casing Business in Ban Bueng 2 Plant) Factory Machines & Special New Equipment's Factory Restoration Full Production Renovation Process Qualifications & Machines Arrival Proprietary Information of SAM 18
Slide 19: FY2024 financial
04 FY2024 financial Proprietary Information of SAM 19
Slide 20: Financial Highlights
Financial Highlights Record Year Record Year Revenue Profit Before Tax RM’ mil CAGR = 12% RM’ mil CAGR = 7% 1,445.4 1,497.4 143.8 115.0 1,147.6 81.8 100.5 94.8 99.7 938.7 873.7 1,066.1 755.0 1,116.3 49.2 62.3 129.7 895.8 112.1 116.9 489.1 104.0 295.4 701.8 45.6 37.4 14.1 459.6 449.6 -1.9 431.3 -11.6
Slide 21: Financial Highlights
Financial Highlights Profit For The Year/Period Basic Earnings Per Share RM’ mil Sen 19.53 108.6 16.41 88.8 14.76 14.52 13.94 78.5 79.8 75.5 11.04 59.7 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 Proprietary Information of SAM 21
Slide 22: Financial Highlights
Financial Highlights Return On Equity Net Gearing Impacted by 0.56 15.6% Rights Issue completed in Investment in 13.9% Feb 2024 Thailand & Cash generated higher working from operations 11.4% 11.8% capital and proceeds requirement from rights 9.7% 10.1% issue 0.26 0.18 0.14 0.11 0.12 FY2019 FY2020 FY
Slide 23: Summary
Summary 1. Industrialisation of engine casing with the product qualifications in Thailand Ban Bueng 2 facility. 2. Thailand is ready to ride on the next wave when the semiconductor equipment industry recovers. 3. Secured 8 new programs to support future growth. Proprietary Information of SAM 23
Slide 24: Proprietary Information of SAM
Proprietary Information of SAM 24
Slide 25: Thank You
Thank You - All Things Are Possible - Proprietary Information of SAM 25
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