Aem Holdings Ltd. · SGX:AWX
Aem — H1 2023 Earnings Presentation
11 slides from Aem's earnings presentation, Aug 11, 2023
Slide 1: AEM Investor Update
AEM Investor Update August 11, 2023 AEM | Investor Update
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to Accordingly, such statements are not and should not be the current activities of AEM Holdings Ltd. (“AEM”). It is construed as a representation as to the future of AEM, and given in summary form and does not purport to be are not i
Slide 3: AEM Corporate Profile
AEM Corporate Profile AEM is a global leader in the fast growing Test 2.0 market, delivering application-specific intelligent system test and handling solutions for semiconductor and electronics companies serving the advanced computing, 5G, and AI markets. Leader in Fast Full Stack Deploy 2016-2022
Slide 4: 1H2023 Highlights
1H2023 Highlights • The Group posted revenue of S$275.2 million in 1H2023, with profit before tax of S$23.9 million over the same period • The Group has updated its FY2023 guidance to fall within the range of S$460M to S$490M • Customer traction for the Group’s Test 2.0 solutions continues to grow w
Slide 5: 1H2023 Financials
1H2023 Financials AEM | Investor Update
Slide 6: Financial Highlights
1H2023 Financial Highlights Revenue at S$275.2M and PBT at S$23.9M Revenue PBT NAV per share S$275.2M S$23.9M 158.7 cents AEM | Investor Update 6
Slide 7: 1H2023 Financial Performance
1H2023 Financial Performance S$M 1H2023 1H2022 Revenue 275.2 540.5 Revenue declined due to the state of the semiconductor industry in 1H2023, where a surplus of inventory existed leading to low test equipment utilization and constrained test Gross profit 83.0 166.3 equipment capex budgets at the lea
Slide 8: Revenue Mix
Revenue Mix S$M Revenue 540.5 113.4 (21%) 226.2 (42%) 275.2 150.2 (55%) Services comprises 200.9 manufacturing, engineering, 79.9 (37%) (29%) and FSE revenue 45.1 (16%) 1H2022 1H2023 Test & Automation Equipment Consumables Services AEM | Investor Update 8
Slide 9: A Robust Balance Sheet
A Robust Balance Sheet Sound capital structure – Debt / Equity ratio of 0.3X As at Jun’23 Dec’22 S$M S$M Cash 92.8 127.8 Inventories 365.7 367.7 Trade and other receivables 114.9 92.9 Trade and other receivables (+S$22.0M) Increased mainly due to higher revenue Total assets 799.7 805.6 towards the e
Slide 10: 1H2023 Source and Applications of Funds
1H2023 Source and Applications of Funds S$M 1H2023 1H2022 Beginning cash 127.8 216.2 Profit after tax 19.7 83.1 Operating Activities Depreciation & amortisation 13.2 10.8 Inflow: S$3.4M Lower cash balance of S$92.8M (decreased by Changes in working capital & others (29.5) (66.7) S$35.0M), largely du
Slide 11: Thank You
Thank You Investor Relations Contact Samir MOWLA samir.mowla@aem.com.sg Financial PR Pte Ltd Kamal SAMUEL / Shivam SARAF Tel: 6438 2990 / Fax: 6438 0064 kamal@financialpr.com.sg shivam@financialpr.com.sg AEM | Investor Update