Slide 1: PAX Global Technology Limited 2018 Annual results
PAX Global Technology Limited (327.HK) 2018 Annual results
Slide 2: Disclaimer
Disclaimer The information contained in these presentation materials has been prepared by PAX Global Technology Limited ( “Company” or “PAX”) solely for use at the presentation to prospective investors for introduction of the Company. By accepting this document, you are agreeing to maintain absolute
Slide 3: Agenda
Agenda 01 Key milestones in 2018 02 2018 Annual results snapshot 03 03 2019 Full year guidance 3 PAX Global Technology Limited (327.HK) – 2018 Annual results
Slide 4: PAX's key milestones in 2018
tt PAX’s key milestones in 2018
Slide 5: PAX's key milestones in FY 2018
PAX’s key milestones in FY 2018 Record high of 2018 full year global shipment guidance achieved volume over 10 million units Overseas market Sales of LACIS achieved double- region over digit growth for HKD 2 billion five consecutive years 5 PAX Global Technology Limited (327.HK) – 2018 Annual result
Slide 6: 2018 Annual results snapshot
2018 Annual results snapshot
Slide 7: 2018 Annual results snapshot
2018 Annual results snapshot • Revenue: HKD 4,415.4 M YoY change: +23.0% Overseas market, YoY change: +43.4% • Gross profit: HKD 1,626.7 M (GPM: 36.8 %) YoY change: +11.6% • Profit for the year: HKD 515.4 M YoY change: +53.1% • Profit attributable to the owners of the Company: HKD 522.5 M YoY change
Slide 8: 2018 annual – Revenue by region
2018 annual – Revenue by region LACIS +62.7% EMEA +11.7% 54.6% • Refer to slide 9 • Achieved important certifications in France, Spain, Denmark, etc • Established a joint venture with CCV, focusing on unattended 15.4% payment solutions HKD 4,415.4 M • Growing demand from Western Africa China -30.9%
Slide 9: LACIS
LACIS LACIS - Annual revenue FY 2018 HKD 2,409M (+62.7% yoy) Brazilian market ( About 84% of LACIS revenue) FY 2017 HKD 1,480M (+114.5% yoy) Leading position in Brazilian mPOS and traditional POS markets Successful rollout of smart terminals in Brazil FY 2016 Close relationship with renowned b
Slide 10: China market
China market 1. Government’s implementation of reform policies on payment industry 2. Pax’s successful setup of China Business Unit in 2018 • Successful launch of a range of products with quicker production turnover and lower cost • Growing shipment of smart terminals 3. Provision of trade receivabl
Slide 11: 2018 annual – Operating expenses
2018 annual – Operating expenses +/- FY 2018 FY 2017 HKD ‘000 Selling expenses 437,809 426,432 +2.7% Administrative expenses 590,819 498,780 +18.5% R&D expenses 332,016 287,230 +15.6% (included in administrative expenses) • Administrative expenses increased by 18.5% - Increase in staff cost - Increa
Slide 12: 2018 annual – Working capital
2018 annual – Working capital HKD ‘000 FY 2018 FY 2017 +/- Trade and bills receivables 1,919,408 1,703,414 +12.7% Inventories 1,182,015 918,452 +28.7% Trade and bills payables 1,190,447 953,084 +24.9% Cash and cash equivalents 2,160,192 2,165,224 -0.2% Turnover days FY 2018 FY 2017 +/- Trade and bil
Slide 13: FY 2019 guidance
FY 2019 guidance • Topline： Flattish • Gross profit margin： 36 to 38% • Operating profit margin: 13 to 15% 13 PAX Global Technology Limited (327.HK) – 2018 Annual results
Slide 14: Appendix: New products in 2019
Appendix: New products in 2019 E700 A60 14 PAX Global Technology Limited (327.HK) – 2018 Annual results
Slide 15: Investor relations contacts
Investor relations contacts • Ethan Cheung, Chief Financial Officer • Calvin Pei, Assistant Vice President - Corporate Finance & Strategy • Mina Pang, Investor Relation Manager Email: ir@pax.com.hk TEL: +852 2500 8510 15 PAX Global Technology Limited (327.HK) – 2018 Annual results