Ellipsiz Ltd · SGX:BIX
Ellipsiz — FY2014 Earnings Presentation
29 slides from Ellipsiz's earnings presentation, Aug 19, 2014
Slide 1: 4Q FY14 Results Presentation
4Q FY14 Results Presentation For Financial Period Ended 30 Jun 14 19 Aug 2014
Slide 2: Safe Harbor
Safe Harbor This presentation and the following discussion may contain forward looking statements by Ellipsiz Ltd ("Ellipsiz") relating to financial trends for future periods. Some of the statements contained in this presentation or arising from this discussion which are not of historical facts are
Slide 3: FY2014 Highlights
FY2014 Highlights Revenue: $144.5 million (+16% Y-o-Y) NPATMI: $13.5 million (+183% Y-o-Y) NPATMI(Exclude specific items) : $6.4 million (+28% Y-o-Y) 4Q FY14 Revenue and NPATMI improved Y-o-Y and sequentially NAV per share: 21.13 cents Proposed a final cash dividend of 0.18cent per share and a speci
Slide 4: FY2014 Financial Performance
FY2014 Financial Performance 4
Slide 5: FY2014 Results Summary
FY2014 Results Summary Results highlights Year on Year S$’million FY14* FY13* Change Revenue 144.5 124.2 16% Gross Profit 38.8 30.7 26% Gross Profit Margin 27% 25% 2 ppt Net Profit after Tax & MI* 13.5 4.8 183% Net Profit after Tax & MI Margin 9% 4% 5 ppt Basic EPS (cts) 2.44 0.86 184% Diluted EPS (
Slide 6: FY2014 Results Summary (excluding specific items)
FY2014 Results Summary Year on Year Results highlights FY14 FY13 Change S$’million (excl SI) (excl SI) Revenue 144.5 124.2 16% Gross Profit 38.8 30.7 26% Gross Profit Margin 27% 25% 2 ppt Net Profit after Tax & MI 6.4 5.0 28% Net Profit after Tax & MI Margin 4% 4% 0 ppt Basic EPS (cts) 1.17 0.91 29%
Slide 7: FY2014 Results Summary: Specific Items
FY2014 Results Summary Specific Items* (S$ million) FY14 FY13 Relating to the business acquisition of Tokyo Cathode Laboratory (TCL) - Negative goodwill (13.2) - - Post-acquisition integration and related costs 4.6 - - Business acquisition cost 1.1 - Provision for retrenchment costs 0.3 Loss on disp
Slide 8: Revenue Trends
Revenue Trends Revenue (S$m) 200 150 100 150.5 175.7 144.3 144.5 124.2 50 0 FY10 FY11 FY12 FY13 FY14 8
Slide 9: Margin Trends
Margin Trends Margin as % of Revenue 27.0 23.8 24.7 21.8 20.4 13.8 9.0 5.9 4.1 3.8 4.0 4.0 2.8 1.6 3.0 FY10 FY11 FY12 FY13 FY14 Gross Profit Margin Net Profit Margin Net Profit Margin ex-SI 9
Slide 10: NPATMI Trends
NPATMI Trends S$ million EPS: 4.05 cts 20.7 EPS: 2.44 cts EPS: 1.91 cts 13.5 10.3 EPS: 0.41 cts EPS: 0.86 cts 2.2 4.8 7.2 6.4 4.3 4.4 5.0 Specific Items FY10 FY11 FY12 FY13 FY14 *FY14 & FY13 EPS based on weighted average of approximately 553 million shares 10
Slide 11: Revenue Mix
Revenue Mix Revenue (S$m) FY2014 FY2013 PCS PCS S$34.3m DSS S$62.9m 28% S$26.7m 44% DSS DSS 71% S$89.9m S$81.6m 72% 56% DSS : Distribution and Services solutions PCS : Probe Card solutions 11
Slide 12: Segment Performance
Segment Performance Year on Year Revenue (S$m) FY14 FY13 Change Probe Card solutions 62.9 34.3 83% Distribution & Services 81.6 89.9 (9%) solutions Total 144.5 124.2 16% 12
Slide 13: 4Q FY14 Financial Performance
4Q FY14 Financial Performance 13
Slide 14: 4Q FY14 Results Summary
4Q FY14 Results Summary Results highlights Year on Year Sequential S$’million 4Q FY14 4Q FY13 Change 3Q FY14* Change Revenue 37.3 30.7 22% 33.0 13% Gross Profit 12.1 8.2 47% 9.0 33% Gross Profit Margin 32% 27% 5 ppt 27% 5 ppt Net Profit after Tax & MI 5.4 2.8 92% 0.6 879% Net Profit after Tax & MI M
Slide 15: 4Q FY14 Results Summary (excluding specific items)
4Q FY14 Results Summary Year on Year Sequential Results highlights 4Q FY14 4Q FY13 3Q FY14 S$’million (excl SI) (excl SI) Change (excl SI) Change Revenue 37.3 30.7 22% 33.0 13% Gross Profit 12.1 8.2 47% 9.0 33% Gross Profit Margin 32% 27% 5 ppt 27% 5 ppt Net Profit after Tax & MI 3.5 3.1 16% 0.6 542
Slide 16: 4Q FY14 Results Summary: Specific Items
4Q FY14 Results Summary Specific Items* (S$ million) 4QFY14 4QFY13 Relating to the business acquisition of Tokyo Cathode Laboratory (TCL) - Negative goodwill (1.7) - - Post-acquisition integration and related costs (0.6) - - Business acquisition cost 0.0 - Provision for retrenchment costs 0.3 Loss o
Slide 17: Segment Performance
Segment Performance Year on Year Sequential Revenue (S$m) 4Q FY14 4Q FY13 Change 3Q FY14 Change Probe Card 19.6 9.3 110% 16.5 18% solutions Distribution & 17.7 21.4 (17%) 16.5 8% Services solutions Total 37.3 30.7 22% 33.0 13% 17
Slide 18: Balance Sheet Highlights
ellipnsiz Balance Sheet Highlights
Slide 19: Balance Sheet Highlights
Balance Sheet Highlights Maintaining healthy balance sheet 21.1 2.2 2.0 2.3 2.2 18.9 18.1 18.4 82.9 81.6 74.5 79.0 34.7 32.3 32.4 32.0 38.1 41.2 33.0 35.3 FY11 FY12 FY13 FY14 FY11 FY12 FY13 FY14 Cash & Cash Equivalents (S$m) NAV per Share (cts) Current Assets (S$m) Current Liabilities (S$m) Current
Slide 20: Balance Sheet Highlights
Balance Sheet Highlights Debt to equity ratio 14% 10% 9% 8% 5% 104.5 116.8 96.7 97.6 101.5 13.2 9.7 9.2 4.8 9.6 FY10 FY11 FY12 FY13 FY14 Shareholders' Equity (S$m) Total Debt (S$m) Debt/Equity ratio 20
Slide 21: FY14 Capital Expenditure
ellipnsiz FY14 Capital Expenditure
Slide 22: Capital Expenditure
Capital Expenditure Capital Distribution & Services Solutions Expenditure (S$m) Probe Card Solutions 5.8 4.3 0.9 3.8 3.8 0.3 0.6 2.6 3.2 4.9 1.2 3.5 3.7 1.4 0.6 FY10 FY11 FY12 FY13 FY14 22
Slide 23: FY2014 Proposed Final & Special Dividends
FY2014 Proposed Final & Special Dividends 23
Slide 24: Proposed Dividends
Proposed Dividends Proposed a final cash dividend of 0.18cent per share and a special cash dividend of 0.18cent per share subject to the approval by Members at the Nineteenth Annual General Meeting Books closure date – 27 October 2014 Payment date – 13 November 2014 The proposed final and special di
Slide 25: 4Q FY14 Business Updates & Outlook
4Q FY14 Business Updates & Outlook 25
Slide 26: 4Q FY14 Business Updates: Probe Card Solutions
4Q FY14 Business Updates Probe Card Solutions • Revenue increased by 110% compared to the corresponding quarter of the previous financial year & increased by 18% quarter on quarter. (Growth rate computed based on Singapore dollar.) • Growth for Advanced Vertical products was strongly driven by smart
Slide 27: 4Q FY14 Business Updates: Distribution & Services Solutions
4Q FY14 Business Updates Distribution & Services Solutions • Sales for the quarter declined by 17% compared with the corresponding quarter in the preceding year but was an improvement of 8% from the third quarter. • The decline was mainly a result of a drop in revenue from Test & Measurement facilit
Slide 28: Industry Outlook
Industry Outlook We are cautiously optimistic of our operating and performance prospects for the rest of 2014. • Business activities improved in recent months amidst prospects of new device launches into 2H 2014 but we remained vigilant as to the sustainability of the improvement. • Capital spending
Slide 29: Thank you!
Thank you! www.ellipsiz.com Investor Relations Contact: Ong Suat Lian : +65 63118500 : ir@ellipsiz.com 29