Regina Miracle International (holdings) Limited · HKEX:2199
Regina Miracle International (holdings) — 1H FY2021 Earnings Presentation
18 slides from Regina Miracle International (holdings)'s earnings presentation, November 2020
Slide 1: FY20/21 Interim Results Presentation
FY20/21 Interim Results Presentation November 2020
Slide 2: Agenda
Agenda 1 Business Review 2 Production Capability 3 Financial Highlights 4 Future Strategies
Slide 3: Business Review
Business Review
Slide 4: Results Highlights in 1H FY21
Results Highlights in 1H FY21 Revenue Gross Profit Adjusted EBITDA* HK$2,517.6 million HK$487.0 million HK$332.8 million Sales improved … with narrowing Gross Profit Margin Adjusted EBITDA Margin significantly in Q2… year-on-year sales decline 19.3% 13.2% (1H FY20: 22.5%) (1H FY20: 14.1%) YoY Change
Slide 5: Segment Results Overview (1H FY21)
Segment Results Overview (1H FY21) A sudden shift in lifestyle and an emergence of the stay-at-home trend… Resilient and sustainable Work, Play, and Live-at-home growth in demand for Dress code comfortable loungewear & activewear Bras and Intimate Wear Bra Pads and Other Molded Products Revenue Gros
Slide 6: Production Capacity
Production Capacity eens
Slide 7: Factory layout in Vietnam has largely completed
Factory layout in Vietnam has largely completed Vietnam Shenzhen, China ⚫ R&D hub and production base Hài Phò ng - Vietnam Singapore Industrial Park ⚫ Underwent upgrade and transformation with the All-category production capability built with agility cross-industry production of fabric processing an
Slide 8: Financial Highlights
Financial Highlights
Slide 9: Financial Highlights
Financial Highlights F1H20 F1H21 YoY Change HK$ mm Margin HK$ mm Margin $ Margin Revenue 3,128.7 2,517.6 -19.5% Gross Profit 703.7 22.5% 487.0 19.3% -30.8% -3.2pp Net Profit/(Loss) 141.4 4.5% (32.4) -1.3% -122.9% -5.8pp EBITDA 441.8 14.1% 288.3 11.5% -34.7% -2.6pp Excluding Restructuring Costs Adjus
Slide 10: Revenue
Revenue HK$MM 4,000 6.5% 14.8% 3,128.7 11.0% - -19.5% 15.5 202.8 % 345.6 2,517.6 9.2% 373.4 82.5% 60.5% 2,000 390.7 232.4 F1H20 F1H21 2,580.3 1,521.0 Pandemic Prevention Products Functional Sports Products Bra Pads and Other Molded Products 0 Bras and Intimate Wear F1H20 F1H21 10
Slide 11: Gross Profit Margin
Gross Profit Margin F1H20 F1H21 Gross Profit Margin 22.5% 19.3% Gross Profit Margin (excl. deprecation and amortisation) 27.7% 26.9% 11
Slide 12: Gross Profit by Segment
Gross Profit by Segment Bra Pads and Functional Sports Pandemic Prevention Bras and Intimate Wear Other Molded Products Products Products HK$MM HK$MM HK$MM HK$MM 1,200 22.9% 19.7% 300 21.6% 22.0% 300 19.1% 17.2% 300 -- 18.7% 800 200 200 200 590.3 400 100 100 100 298.9 74.7 69.7 67.2 51.2 38.7 -- 0 0
Slide 13: Operating Expenses and Finance Cost
Operating Expenses and Finance Cost Operating Expenses to Total Revenue % of Total Revenue F1H20 F1H21 F1H20 F1H21 Distribution and Selling 2.6% 2.5% General and Administrative 10.6% 11.8% Research and Development 3.4% 3.6% 16.7% 17.9% Operating Expenses 16.7% 17.9% Operating Expenses to Total Reven
Slide 14: Turnover Days and Gearing Ratio
Turnover Days and Gearing Ratio As at 30 Sep 2020 Trade Receivables Turnover Trade Payables Turnover 63 37 Days Days Average Trade Receivables / Average Trade Payables / Revenue * 183 days Cost of Sales * 183 days Net Gearing Ratio Adjusted net gearing as at 30 Sep 2020 was 109.0% when excluding the
Slide 15: Future Strategies
Future Strategies
Slide 16: "Post-Pandemic" Key Industry & Market Trends
“Post-Pandemic” Key Industry & Market Trends New landscape in the “Post-Pandemic Era” Brands Adapt to New Normal Growing Health Consciousness ❖ Prudent product inventory ❖ Fitness is a mainstream trend, with management increased concerns about wellness mindsets and healthy lifestyles ❖ More short-tu
Slide 17: Seeing Meaningful Rebound in Order Demand
Seeing Meaningful Rebound in Order Demand Business Trends & Strategic Plans Production Capacity • Double-digit YoY order book volume growth in 2H FY21 • Current dual-regions production facility layout • Recovery of core business of bras & intimate wear is sufficient for supporting the Group’s develo
Slide 18: Q&A
Q&A
Regina Miracle International (Holdings) — 1H FY2021 Earnings Presentation on 6ix