Sunpower Group Ltd. · SGX:5GD
Sunpower — Q2 2017 Earnings Presentation
19 slides from Sunpower's earnings presentation, August 2017
Slide 1: Corporate Presentation August 2017
SUNPOWER GROUP LTD. Corporate Presentation August 2017
Slide 2: Agenda
Agenda 1 Executive Summary 2 Business Overview 3 2Q&1H 2017 Financial Performance 4 Future Plans 5 Questions and Answers
Slide 3: Executive Summary
Executive Summary We are repositioning as an environmental protection services provider to capitalize on the enormous market opportunity in the anti-smog services sector in China We believe there is an enormous market opportunity in years to come and we are among the first movers Our past expe
Slide 4: Agenda
Agenda 1 Executive Summary 2 Business Overview 3 2Q2017 Financial Performance 4 Future Plans 5 Questions and Answers
Slide 5: Business Overview - 3 Main Business Segments
Business Overview - 3 Main Business Segments Established in 1997, listed on SGX since 2005 > 20 years of extensive experiences in environmental protection services Strong R&D capabilities, proprietary technology know-how with more than 120 patents In-depth knowledge of environmental protecti
Slide 6: Agenda
Agenda 1 Executive Summary 2 Business Overview 3 2Q&1H 2017 Financial Performance 4 Future Plans 5 Questions and Answers
Slide 7: Profit & Loss Highlights
Profit & Loss Highlights Actual (with financial effects Actual (without financial effects of Convertible Bonds) of Convertible Bonds) RMB 2Q2017 2Q2016 1-2Q2017 1-2Q2016 2Q2017 2Q2016 1-2Q2017 1-2Q2016 (million) Revenue 375.9 392.6 719.1 684.0 375.9 392.6 719.1 684.0 Gross profit 84.7 102.4 171.4 17
Slide 8: Profit & Loss Highlights (With financial effects of Convertible Bonds)
Profit & Loss Highlights (With financial effects of Convertible Bonds) 1 The Group’s revenue decreased by approximately RMB 16.7 million or 4.3% from RMB 392.6 million in 2Q2016 to RMB 375.9 million in 2Q2017. This was attributed to an aggregate decrease of RMB 46.3 million from the EPC Integrated S
Slide 9: Revenue Composition
Revenue Composition Environmental equipment manufacuring EPC integrated solutions Green investments 0% 0% 23.8% 34.6% 65.4% 76.2% 2Q2016 2Q2017 — 9—
Slide 10: Balance Sheet Summary
Balance Sheet Summary Actual (With financial effects of Actual (Without financial effects of Convertible Bonds) Convertible Bonds) RMB (million) FY2016 2Q2017 % Change FY2016 2Q2017 % Change Trade Receivables 1,018.3 1,113.2 9.3% 1,018.3 1,113.2 9.3% Inventories 209.8 252.9 20.5% 209.8 252.9 20.5% T
Slide 11: Financial Review
Financial Review The Group’s total current assets increased by RMB 1,127.7 million or 66.3% from RMB 1,699.9 million as at 31 December 2016 to RMB 2,827.6 million as at 30 June 2017 mainly due: 1 Increase in cash and cash equivalents of RMB 825.7 million, primarily due to the issuance of Convertible
Slide 12: Financial Review
Financial Review The Group’s total current liabilities increased by RMB 96.9 million or 6.6% from RMB 1,466.4 million as at 31 December 2016 to RMB 1,563.3 million as at 30 June 2017 mainly due to: 1 Increase in trade payables of RMB 131.6 million as a result of the increase in customer advances of
Slide 13: Cash Flow Highlights
Cash Flow Highlights Actual( With Actual( Without financial effects of financial effects of Convertible Bonds) Convertible Bonds) RMB (million) 2Q2016 2Q2017 2Q2016 2Q2017 From Operating Activities 104.5 90.7 104.5 90.7 From Investing Activities -142.9 -285.4 -142.9 -285.4 From Financing Activities
Slide 14: Financial Effects of Convertible Bonds
Financial Effects of Convertible Bonds Convertible Bonds were issued on 3 March 2017 with the carrying amount of the Convertible Bonds currently stated at fair value as at 31 March 2017. In accordance with Singapore Financial Reporting standards associated with the issuance of compound financial ins
Slide 15: Order Book Update
Order Book Update 1600 1450 1360 1200 1120 1100 1080 1100 940 800 400 0 Aug.2014 Feb.2015 Aug.2015 Feb.2016 Aug.2016 Feb.2017 Aug.2017 RMB (million) — 15 —
Slide 16: Robust Pipeline for Green Investments Projects with Good ROI
Robust Pipeline for Green Investments Projects with Good ROI Estimated Annual Designed Date Project Names Nature Investment Size Update Capacity Announced (RMB mn) Hebei Changrun Phase 1 30 years BOT of centralised steam plant 2 x 220 t/h 817 Trial operation in 2Q 2017 23-Dec-2015 Steam & Electricit
Slide 17: Agenda
Agenda 1 Executive Summary 2 Business Overview 3 Financial Performance 4 Future Plans 5 Questions and Answers
Slide 18: Future Plans
Future Plans Drive Earnings Growth Increase market share and capitalize on robust GI project pipeline Target recurring income from Green Investment to account for > 50% of total Grow Recurring Income revenue within 3 years Diversify Funding Source & Equity injection by CDH and healthy internally gen
Slide 19: Q&A
Q&A — 19 —