Playmates Toys Limited · HKEX:869
Playmates Toys — H1 2020 Earnings Presentation
18 slides from Playmates Toys's earnings presentation, Aug 21, 2020
Slide 1: Playmates Toys Limited 2020 Interim Results Briefing
Playmates Toys Limited 2020 Interim Results Briefing 21 August 2020
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 Our 2020 Interim Results Reflected Financial 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 Latest Performance
| Our Latest Performance |
Slide 7: Our 2020 Interim Results Reflected
Our 2020 Interim Results Reflected Turnover decline due to: (i) planned hiatus of Teenage Mutant Ninja Turtles (“TMNT”) and contraction in Ben 10 (ii) COVID-19 pandemic negatively impacted launch of new brands Gross profit ratio decrease due to: (i) higher product development & tooling expenses (ii)
Slide 8: Financial Performance: Income Statement Highlights
Financial Performance Income Statement Highlights HK$ Million 1H2019 1H2020 +/-% Revenue 157.2 84.0 -46.6 Gross Profit 80.0 38.7 -51.6 Marketing (41.2) (33.5) -18.7 Selling & Distribution (8.6) (6.5) -24.4 Administration (61.3) (53.0) -13.5 Operating Loss (31.1) (54.3) 74.6 Loss before Taxation (21.
Slide 9: Financial Performance: Margin Analysis
Financial Performance Margin Analysis Cost of Sales 180% 160% Marketing 53.9% 140% Selling & Distribution 120% Administration 49.1% 39.9% 100% 80% 7.8% 26.2% 60% 5.5% 63.0% 40% 39.0% 3.8% 20% 0% 1H2019 1H2020 Revenue: HK$157.2M HK$84.0M 9
Slide 10: Financial Performance: Revenue Breakdown by Regions
Financial Performance Revenue Breakdown by Regions 1H2019 1H2020 4.0% 0.3% 0.6% 1.7% 0.8% 0.6% 14.0% 8.9% 29.1% 54.7% 75.2% 10.3% HK$157.2M HK$84.0M U.S.A. Other Americas Europe Australasia Asia Others
Slide 11: Financial Performance: Balance Sheet Highlights
Financial Performance Balance Sheet Highlights HK$ Million 30/6/2019 30/6/2020 Inventories 18.6 10.6 Trade Receivables 31.9 12.0 Cash & Bank Balances 1,065.1 968.5 Net Current Assets 950.2 904.4 Net Assets 1,001.5 933.8 Net Asset per Share (HK$) 0.85 0.79 Gearing Ratio 0.0 0.0 Current Ratio 5.8 6.5
Slide 12: Looking Forward
Looking Forward 12
Slide 13: Looking Forward
Looking Forward COVID-19 pandemic expected to continue to severely challenge operating environment in the near term Continue to prudently manage operating costs and focus on selective new opportunities that are good fits for our core competence and reflect changing consumer behaviors Ben 10 expected
Slide 14: Cartoon Network's Ben 10 continues to attract significant fan base
Cartoon Network’s Ben 10 continues to attract significant fan base in US and many international markets Season 4 currently on air Animated movie Ben 10 vs. The Universe premiering in Fall 2020 Expect continued positive contribution from the brand BEN’S WAY BIG SPACESUIT
Slide 15: Toho's Classic Monsters and Godzilla vs. Kong product line
Products inspired by Toho’s Classic Monsters launched in Spring 2020 Godzilla vs. Kong movie from Legendary and Warner Bros. delayed to 2021 Product line for Godzilla vs. Kong movie to launch in Fall 2020 as previously planned
Slide 16: Power Players now streaming on Netflix
Following debut on Cartoon Network, Power Players now streaming on Netflix Products launched in US in early 2020; to roll out across major markets throughout rest of the year
Slide 17: Miraculous: Tales of Ladybug & Cat Noir global phenomenon
Miraculous: Tales of Ladybug & Cat Noir has become a global phenomenon, streams and airs in over 120 countries worldwide with new seasons and specials in production Collection of toys launching in Fall 2020 in selected international markets
Slide 18: Thank You!
Playmates Toys Limited Thank You!