Playmates Toys Limited · HKEX:869
Playmates Toys — H1 2024 Earnings Presentation
16 slides from Playmates Toys's earnings presentation, Aug 23, 2024
Slide 1: Playmates Toys Limited 2024 Interim Results Briefing
Playmates Toys Limited 2024 Interim Results Briefing 23 August 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 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 2024 Interim Results Reflected
Our 2024 Interim Results Reflected • Worldwide turnover during 1H 2024 was HK$445 million, an increase of 28% compared to the prior year period • Favourable comparison was driven by: • Successful relaunch of our Godzilla x Kong product line, supported by the March 2024 release of the Godzilla x Kong
Slide 7: Financial Performance: Income Statement Highlights
Financial Performance Income Statement Highlights HK$ Million 1H2024 1H2023 +/-% Revenue 445.1 347.2 +28.2% Gross Profit 249.4 187.4 +33.1% Marketing and Licensing (91.7) (59.3) +54.6% Selling & Distribution (31.7) (24.9) +27.3% Administration (57.6) (47.1) +22.3% Operating Profit 68.4 56.2 +21.7% P
Slide 8: Financial Performance: Margin Analysis
Financial Performance Margin Analysis Cost of Sales Marketing & Licensing 120% Selling & Distribution 100% 44.0% Administration 46.0% Others 80% Income Tax 20.6% 17.1% 60% Net Profit 7.1% 7.2% 40% 12.9% 13.6% 5.8% 20% 20.5% 25.0% 0% 1H2024 1H2023 8
Slide 9: Financial Performance: Revenue Breakdown by Regions
Financial Performance Revenue Breakdown by Regions 1H2024 1H2023 1.6% 2.1% 5.1% 2.7% 20.3% 23.2% 60.4% 5.8% 69.5% 8.9% HK$445.1M HK$347.2M U.S.A. Other Americas Europe Australasia Asia Others 9
Slide 10: Financial Performance: Balance Sheet Highlights
Financial Performance Balance Sheet Highlights HK$ Million 30/6/2024 30/6/2023 Inventories 51.9 61.7 Trade Receivables 134.0 173.0 Cash & Bank Balances 1,087.0 908.3 Net Current Assets 1,135.3 1,000.1 Net Assets 1,184.5 1,050.2 Net Asset per Share (HK$) 1.00 0.89 Gearing Ratio 0.0 0.0 Current Ratio
Slide 11: Looking Forward
Looking Forward 11
Slide 12: Looking Forward
Looking Forward • Cumulative impact of inflation over the past few years will continue to stretch household budgets across many markets around the world and lead to increasingly value-conscious purchasing • Lapping the TMNT movie release last year will continue to present challenging year-over-year
Slide 13: Sequel and animated series for Teenage Mutant Ninja Turtles
Paramount Pictures and Nickelodeon Movies are developing a sequel to Teenage Mutant Ninja Turtles: Mutant Mayhem and a two-season animated series that will serve as a “bridge” between the films The spinoff series Tales of The Teenage Mutant Ninja Turtles debuts on Paramount+ in August 2024 We are ac
Slide 14: Godzilla x Kong: The New Empire delivered strong box office results
Godzilla x Kong: The New Empire delivered strong box office results around the world in Spring 2024 and continues to drive strong toy sales We are developing extensions to our current product line of highly detailed action figures in various sizes and role play accessories for 2025 14
Slide 15: Power Rangers global license agreement with Hasbro
▪ Global license agreement with Hasbro to produce and distribute Power Rangers toys ▪ We are developing an extensive kid-targeted Mighty Morphin Power Rangers toy line, scheduled to debut in Fall 2025 15
Slide 16: Thank you!
Playmates Toys Limited Thank you!