China Kunda Technology Holdings Limited · SGX:GU5
China Kunda Technology — FY2009 Earnings Presentation
18 slides from China Kunda Technology's earnings presentation, May 27, 2009
Slide 1: FY2009 Performance Overview
5/27/2009 Leading the way in innovation The initial public offering of the Company was sponsored by Provenance Capital Pte. Ltd. (the "Issue Manager"). The Issue Manager assumes no responsibility for the contents of this document. FY2009 Performance Overview Revenue 0.8% HKD99.8 million Gross Profit
Slide 2: Financial Highlights: Revenue and Technical Fee
5/27/2009 Financial i i l Highlights i hli h Revenue and Technical Fee HK$’ million 160 18.8 41.7 40.7 140 120 100 80 7.6 120.1 60 100.6 99.8 1.0 40 58 0 58.0 20 33.0 0 FY2005 FY2006 FY2007 FY2008 FY2009 Revenue Technical Fees 2
Slide 3: Revenue by Geographic and Business Segment
5/27/2009 Revenue by Geographic Segment FY2009 FY2008 South Others America 0% 0% Others South Asia except p America Asia except 9% PRC 11% PRC Europe Europe 25% 24% 13% 10% PRC 16% N h North America North America PRC 38% 0% 54% Revenue by Business Segment FY2009 FY2008 Others Others Plastic Injectio
Slide 4: Gross Profit and Margin
5/27/2009 Gross Profit and Margin HK$’ million Percentage 45 40% 39.8 40 31.4% 34.1% 35% 35 34.0 33 1% 33.1% 31 9 31.9 30% 30 25.0% 25% 25 21.2% 20% 20 14.5 15% 15 10% 10 70 7.0 5 5% 0 0% FY2005 FY2006 FY2007 FY2008 FY2009 Margin by Business Segment 60% 48.4% 50% 44.1% 44.8% 42.5% 40% 39.2% 38.1% 38
Slide 5: Net Profit and Selected Financials
5/27/2009 Net Profit HK$’ million 60 50 40 30 56.5 51.9 45.1 44.7 20 38.5 10 14.4 14 4 4.1 0 FY2005 FY2006 FY2007 FY2008 FY2009 FY2008 FY2009 Profit Attributable to Shareholders Operational Profit less IPO expenses Selected Financials HK$’ 000 FY2009 FY2008 % Change Revenue 99,773 100,570 (0.8) Gros
Slide 6: Strong Balance sheet to ride through uncertainty
5/27/2009 Strong Balance sheet to ride through uncertainty HK$’ 000 FY2009 FY2008 % Change Total Assets 207,350 150,069 38.2 Trade Receivables 30,836 29,221 5.5 Trade and other payables 26,317 6,189 325.2 Gross Cash 18,649 3,630 413.7 Net Cash 15,142 2,423 524.9 Total Shareholder’s Equity q y 156,40
Slide 7: High Dividend Yield and Order Books
5/27/2009 High Dividend Yield Singapore cents FY2009 Final Dividend 0.5 Special Dividend 0.5 Dividend Yield* 6.67% Payout Ratio 42.3% *Dividend yield is calculated based on share price of S$0.15 at 26th May 09 Order Books Order books comprised solely of moulds‐under‐construction Stronger customer en
Slide 8: Mould Peers
5/27/2009 Peers Mould peers Mkt Cap Sales Net Inc Company Name Price S$ S$mln S$mln S$mln PE ROE % Gross gearing Div Yield % Cash S$m CHINA KUNDA 0.15 48.00 19.60 7.56 6.6 38.12 3.5 6.67 3.66 MEIBAN GROUP LTD 0.26 86.33 480.92 21.15 4.27 16.42 7.24 ‐ 26.92 Singapore SUNNINGDALE TECH 0.1 74.08 365.01
Slide 9: IMD Peers
5/27/2009 IMD peers Mkt Cap Sales Net Income Gross Div Yield Cash Price S$ S$mln S$mln S$mln PE ROE % gearing % S$m Singapore CHINA KUNDA 0.15 48.00 19.60 7.56 6.6 38.12 3.5 6.67 3.66 TONGDA GROUP HLD 0.02 88.85 263.61 7.32 7.32 19.99 15.26 5.66 146.63 China MAE HOLDINGS LTD 0.17 91.24 6.70 ‐7.80 90
Slide 10: Our Business
5/27/2009 Our Business China Kunda is a leading provider of plastic engineering and tooling services for the electronics, electrical, automotive and specialised devices industries. industries. Th Group The G id one stop, provides t t k solutions, turnkey l ti ith capabilities with biliti ranging fro
Slide 11: Brand name automotive mould customers
5/27/2009 Brand name automotive mould customers Direct Description Moulds supplied Final product customer Mecaplast German Interior & exterior parts, engine BMW, GM, Group manufacturer parts, air-intake manifold, low Renault pressure mould for A,B,C,D pillars FAW- Sino-German JV Low-pressure mould,
Slide 12: Ingrained R&D Expertise and IMD Products
5/27/2009 Ingrained R&D Expertise Group currently has 8 foreign technical experts, 16 professors & Phds, 4 with advanced professional credentials, 18 with intermediate professional credentials and 68 inaugural batch of nationally‐certified y Mould Designer g Chairman and CEO, Mr Cai Kaoqun, has been
Slide 13: IMD Products
5/27/2009 IMD Products Over the past year, our IMD product range had been growing from traditional applications such as hand phones, digital devices, control panels to..… IMD Products ….more innovative applications. Air-con Desktop computer Portable hard disk Laptop Water heater 13
Slide 14: Diverse list of IMD customers; Business Developments
5/27/2009 Diverse list of IMD customers Business Developments Established Manufacturing Capabilities Acquisition of Mould and IMD production facilities of Shenzhen Precision on 10 Dec 2008 Establishes a manufacturing capability for the Group and allows of future expansion of production facilities fo
Slide 15: Import substitution trend of mould sector
5/27/2009 Industry d Outlook O l k Import substitution trend of mould sector Annual global demand for moulds is about US$70 billion China imports about RMB 10b to 15b of mould annually for the past few years, with auto mould accounting for RMB 5b to 7b 60% to 80% of electrical, telecommunications &
Slide 16: Lack of High end moulds in China
5/27/2009 Lack of High end moulds in China Industry suffers from weak innovative capabilities, outdated technologies and low industry efficiencies Production time is much longer than developed countries, but useful life of mould is only 10% to 50% of developed countries O l 10% off Chi Only China ma
Slide 17: China Automotive Market and Electronics Sector
5/27/2009 China Automotive Market 07-09 Auto Sales 07-09 Auto Growth Rate April Vehicle Breakdown Auto sales forecast Source: CAAM, CITIC Securities, Greatwall Securities Electronics Sector China consumer electronics market expected to grow at CAGR of 12% from 2007‐2011, according to research firm R
Slide 18: Thank You
5/27/2009 Thank You KD KUNDA 18
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