Analogue Holdings Limited · HKEX:1977
Analogue — H1 2024 Earnings Presentation
45 slides from Analogue's earnings presentation, Aug 29, 2024
Slide 1: FY2024 Interim Results Investor Presentation
(Stock Code : 1977) ANALOGUE HOLDINGS LIMITED FY2024 Interim Results Investor Presentation 29 August 2024
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 app
Slide 3: Contents
CONTENTS OUTLOOK & COMPANY FINANCIAL BUSINESS GROWTH Q&A OVERVIEW REVIEW REVIEW STRATEGIES 1 2 2 3 4 5 3
Slide 4: Company Overview
COMPANY OVERVIEW A leading E&M engineering service & ICT Over 45 years of operating history with solutions provider with headquarters in an extensive client portfolio Hong Kong and offices in Macau, Mainland China, the UK and US, covering diverse sectors including: • One-stop E&M Services to Buildin
Slide 5: Key Highlights
KEY HIGHLIGHTS Solid Foundation for Business Going Forward ◼ High contracts-in-hand and strong tender activities, especially in Hong Kong & Macau where the markets are strong ◼ Strong recurring revenue streams Broad Base of Business Opportunities in Different Regions Based on New Technology, New Mar
Slide 6: Key Highlights
KEY HIGHLIGHTS Track Record in Talent Development ◼ Edge in competition for talents through long-established training programmes for graduate trainees and apprentices Enhancing ONE ATAL Synergy with New Headquarters ◼ ATAL Tower, our new headquarters, has been completed and will be fully operational
Slide 7: Financial Review
FINANCIAL REVIEW
Slide 8: Financial Highlights
FINANCIAL HIGHLIGHTS Sustained Market Leading Position Order Intake (HK$’M) Contracts-in-hand (HK$’M) 3,510.2 11,704.3 Revenue (HK$’M) Bank Balances and Cash (HK$’M) 3,265.4 1,147.3 + 14.9% Profit Attributable to Owners of the Company (HK$’M) Low Gearing Ratio 82.4^ 23.9% ^ Including a once-off net
Slide 9: Key Financial Data
KEY FINANCIAL DATA 1H2024 1H2023 Growth (HK$’M) (HK$’M) Revenue 3,265.4 2,841.1 14.9% Gross profit 477.7 453.8 5.3% Gross profit margin 14.6% 16.0% (1.4 p.p.) Profit attributable to owners of the Company 82.4^ 237.5* (65.3%) Basic earnings per share (cents) 6 17 (64.7%) Dividend per share (cents) 2.
Slide 10: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$’M) (HK$’M) 2,585.3 2,111.3 2,219.7 1,748.0 620.6 622.5 614.7 565.1 294.6 310.9 238.9 159.6 65.3 56.3 64.7% 19.0% 9.0% 7.3% 61.5% 21.9% 10.9% 5.6% 5.4% 79.2% 18.8% 78.1% 19.9% 2.0% 2.0% Total: 3,265.4 Total: 2841.1 Total: 3,265.4 6,132.9 Tot
Slide 11: Healthy Financial Position
HEALTHY FINANCIAL POSITION 30 Jun 2024 31 Dec 2023 (HK$’M) (HK$’M) Current assets 3,882.5 3,721.4 Current liabilities 2,779.9 2,730.1 Bank balances and cash 1,147.3 906.4 Net current assets 1,102.6 991.3 Total assets less current liabilities 2,565.5 2,409.2 Current ratio 1.4x 1.4x Gearing ratio 23.9
Slide 12: Stably & Proactively Returning Capital to Shareholders
STABLY & PROACTIVELY RETURNING CAPITAL TO SHAREHOLDERS 8.52 7.25 7.00 5.07 4.50 4.27 3.85 4.02 3.82 2.38 1.00 8.92 10.82 11.27 8.77 9.52 2.38 FY2019 FY2020 FY2021 FY2022 FY2023 1H2024 Dividend per share (HK cents) 12
Slide 13: Business Review
BUSINESS REVIEW
Slide 14: Building Services: Contracts-in-hand HK$5,585 million
Contracts-in-hand: HK$5,585 million Segment Revenue: (HK$’M) 1,905.9 1,561.5 205.1 184.4 +20.8% 0.3 2.1 1H2024 1H2023 Contracting work Maintenance work Sales of goods 14
Slide 15: Signature Projects
SIGNATURE PROJECTS Proposed Commercial Development at Caroline Hill Road on Lot No.8945, Causeway Bay Photo sources credited: 2023 Annual Report of Hysan 15
Slide 16: Signature Projects
SIGNATURE PROJECTS SKYCITY Commercial Development at Proposed Commercial Development at Proposed Development at Chek Lap Kok Lot No. 3, Lantau Island New Kowloon Inland Lot No. 6557, Inland Lot No. 9088, Kai Tak Development Site 3 New Central Harbourfront 16
Slide 17: Signature Projects — Universities
SIGNATURE PROJECTS — Universities United College Choi Kai Yau Residence of CUHK Student Hostel at Shaw Campus of CUHK Capital Development Complex at Pokfield Road Site of HKU Student Hostel at Tat Hong Avenue of PolyU 17
Slide 18: Signature Projects — Housing Authority
SIGNATURE PROJECTS — Housing Authority Public Housing Developments at Public Housing Development at Public Housing Development at Kai Tak Sites 2B5 & 2B6 Wah King Street Tai Wo Hau Road Phases 1 and 2 18
Slide 19: Signature Projects — Housing Authority
SIGNATURE PROJECTS — Housing Authority Public Housing Development at Public Housing Development at Tung Chung Area 103 Tung Chung Area 109 19
Slide 20: Signature Projects — Housing Society
SIGNATURE PROJECTS — Housing Society Housing Development at Kai Tak Area 1E1 Proposed Mixed Housing Development at Pak Wo Road, FSSTL 264, Fanling, N.T. 20
Slide 21: Signature Projects: Infrastructure and Healthcare
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector High voltage system installation and data centre fitting-out work for a major data centre service provider in Tseung Kwan O 21
Slide 22: Signature Projects: Infrastructure and Healthcare
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector HKIA Three Runway System Project – North Runway Modification Works 22
Slide 23: Signature Projects
SIGNATURE PROJECTS Galaxy Hotel Lot 4, Macau Hong Kong Jockey Club Conghua Racecourse Podium Construction Project at Training Centre Phase I and Phase II, Lee Gardens, Shanghai Mainland China 23
Slide 24: Environmental Engineering: Contracts-in-hand HK$4,514 million
Contracts-in-hand: HK$4,514 million Segment Revenue: (HK$’M) 363.5 365.6 223.9 232.9 33.2 24.1 1H2024 1H2023 Contracting work Maintenance work Sales of goods 24
Slide 25: Signature Projects
SIGNATURE PROJECTS Yuen Long Barrage and Nullah Improvement Schemes Leachate Treatment Works for West New Territories Landfill Extension (WENTX) 25
Slide 26: Signature Projects
SIGNATURE PROJECTS Yuen Long Effluent Polishing Plant In-situ Reprovisioning of Sha Tin Water New Leachate Treatment Plant for Treatment Works (South Works) North East New Territories Landfill Extension (NENTX) 26
Slide 27: Signature Projects
SIGNATURE PROJECTS Cheung Chau Sewage Treatment Sewage Treatment Works at Food Waste Pre-treatment facilities at and Disposal Facilities San Shek Wan Sha Tin Sewage Treatment Works 27
Slide 28: ICBT: Contracts-in-hand HK$938 million
Contracts-in-hand: HK$938 million Segment Revenue: (HK$’M) 227.1 202.7 68.3 58.0 23.5 25.8 1H2024 1H2023 Contracting work Maintenance work Sales of goods 28
Slide 29: Signature Projects
SIGNATURE PROJECTS Supply and Installation of Building Management System (BMS) for Hong Kong-Shenzhen Innovation and Technology Park Batch 1A 29
Slide 30: Signature Projects
SIGNATURE PROJECTS Supply and Installation of BMS for KIL 11262, West Kowloon Supply and Installation of Automatic Vehicle Clearance Support System in Shenzhen Bay Control Point 30
Slide 31: Signature Projects
SIGNATURE PROJECTS BMS Upgrade for Three Pacific Place Supply and Installation of CCTV Systems with Video Analytics for Southside Mall, Wong Chuk Hang 31
Slide 32: Signature Projects
SIGNATURE PROJECTS Supply and Installation of Extra Low Voltage Systems in Supply and Installation of Access Control Systems in LOHAS Park Phase 13, Tseung Kwan O Taikoo Place 32
Slide 33: Lifts and Escalators: Contracts-in-hand HK$667 million
Contracts-in-hand: HK$667 million, up 13.8% Segment Revenue: (HK$’M) 113.2 117.4 89.8 65.5 +49.4% 8.3 4.3 1H2024 1H2023 Contracting work Maintenance work Sales of goods 33
Slide 34: Signature Projects
SIGNATURE PROJECTS ATAL Tower, Design and Construction of Redevelopment of 45-51 Kwok Shui Road, Kwai Chung Queen Mary Hospital, Phase 1 34
Slide 35: Signature Projects
SIGNATURE PROJECTS ALLEGRO, 138 Carpenter Road, Yu Tak Court, On Muk Street, Porsche Show Room, Hong Kong Kowloon City Shek Mun, Shatin (1st Glazed Vehicle Lift in Hong Kong) 35
Slide 36: Signature Projects
SIGNATURE PROJECTS Design and Construction of Provision of Universal Accessibility Facilities at Footbridges, Joint-user Government Office Building in Tseung Kwan O Elevated Walkways and Subways 36
Slide 37: Signature Projects
SIGNATURE PROJECTS Automated Parking System at the Junction of Automated Parking System in Hoi Shing Road and Hoi Kok Street, Tsuen Wan Kai Tak Inland Revenue Tower 37
Slide 38: Signature Projects
SIGNATURE PROJECTS Beorma, Residential & Commercial Ferry Island, Residential Project in Waterhouse Garden, Residential Project in Project in Birmingham, UK London, UK Manchester, UK 38
Slide 39: Signature Projects
SIGNATURE PROJECTS Mexico Metro Station Line 12 Luz Station, Brazil 39
Slide 40: Maintenance Business: Generate Recurring Revenue
MAINTENANCE BUSINESS Generate Recurring Revenue 1H2024 1H2023 Contribution to the 1H2024 HK$614.7M HK$565.1M + 8.8% Group’s revenue 18.8% Housing Authority Hong Kong Zhuhai Macao Bridge Region ◼ 3-year Term Maintenance Contracts ◼ Triennial Term Contract for for Fire Service Installation and Water S
Slide 41: Maintenance Business
MAINTENANCE BUSINESS Maintenance Contract for Hong Kong Zhuhai Maintenance Contract for Central to Mid-Levels Macao Bridge Hong Kong Port and Escalator and Walkway System Shenzhen Bay Control Point ◼ Triennial Contract for Management, Operation and ◼ Maintenance Services of Automatic Vehicle Clearan
Slide 42: Outlook & Growth Strategies
THANK OUTLOOK YOU & GROWTH STRATEGIES
Slide 43: Growth Opportunities
GROWTH OPPORTUNITIES Core Market ◼ Strong contracts-in-hand, leadership in growth segments, strong tendering activities ◼ Government's planned capital works including housing, infrastructure and the Northern Metropolis ◼ Tremendous opportunities in healthcare, infrastructure, data centres, housing,
Slide 44: @ATAL
@ATAL
Slide 45: Thank You
THANK YOU