Hung Hing Printing Group Limited · HKEX:450
Hung Hing Printing — H1 2016 Earnings Presentation
13 slides from Hung Hing Printing's earnings presentation, Jun 30, 2016
Slide 1: Interim Results
Interim Results 6 months to 30 June 2016 0
Slide 2: Highlights – Six months ended 30 June, 2016
Highlights – Six months ended 30 June, 2016 ► Revenue dropped 6.2% to HK$1,323 mil. ► Gross profit margin decreased 1.6% pt to 12.8% ► Loss attributable to the shareholders HK$22 mil. (vs. 11m gain PY) ► Net cash on-hand HK$515 mil. ► Proposed interim dividend HK¢1 per share Outlook • Exports orders
Slide 3: Group external revenue in 1H dropped 6.2% to HK$1,323 mil.
Group external revenue in 1H dropped 6.2% to HK$1,323 mil. (HK$ million, Six-month period) 1,600 1,397 1,368 1,358 1,410 1,400 1,323 165 123 Paper Trading 190 221 (PT) 218 1,200 116 101 89 84 66 1,000 345 358 339 Corrugated Box 329 278 (CB) 800 600 Consumer 786 Product 400 771 775 760 Packaging (CPP
Slide 4: Group EBITDA to Sales in 1st Half came down to 2%
Group EBITDA to Sales in 1st Half came down to 2% EBITDA declined mainly due to reduced sales, less high margin special projects, and the related unfavorable capacity utilization efficiency EBITDA (HK$ million) EBITDA as % of Sales 90 6.0% 5.4% 5.6% 80 77 75 66 4.7% 5.0% 70 60 4.0% 50 3.0% 40 27 2.0
Slide 5: BPP & PT sales were relatively stable; Subdued order intake in general for 1H
BPP & PT sales were relatively stable; Subdued order intake in general for 1H due to added economic uncertainties and weak domestic demand Segment revenue & profit contribution% (6-mth period) Books and Package Printing (BPP) Consumer Product Packaging (CPP) Revenue (HK$mil.) Revenue (HK$mil.) 400 2
Slide 6: Group Income Statement – 1st Half 2016
Group Income Statement – 1st Half 2016 Six months ended 30 June External Sales Profit (Loss) Commentary (HK$ Mil.) 2016 % Chg 2016 2015 Chg Revenue: Subdued order intake Book & Package Printing 760 -2% (12) 25 (37) due to added eco. uncertainty and softened domestic demand Consumer Product Packaging
Slide 7: Strong Financial Position: Net Cash HK$515m as at Jun-16
Strong Financial Position: Net Cash HK$515m as at Jun-16 • Movements of Assets/Liabilities mostly related to reduction of RMB cash holding & bank loans • Equity changes in 1st Half mainly driven by reduced exchange reserves 20mil (RMB depreciated 2.5% from Dec-15), payout of dividend 23mil and losse
Slide 8: Earnings / Losses per Share (EPS/LPS): 1st Half 2016
Earnings / Losses per Share (EPS/LPS): 1st Half 2016 Profits/Losses Attributable to Shareholders Basic EPS / (LPS) 20 16 3 12 11 2 1.7 10 1.3 1.2 1 0 0 (10) (HK$ million) (HK Cents) (1) (20) (2) (22) (3) (2.4) (30) (4) (40) (5) (50) (6) (52) (5.8) (60) (7) 1H2012 1H2013 1H2014 1H2015 1H2016 1H2012 1
Slide 9: Proposed Interim Dividend of 2016
Proposed Interim Dividend of 2016 (HK¢ per share) 8.0 Commentary 7 7.0 With good confidence in 6.0 continued improvements 5 of business performance 5.0 5.3 during the rest of the 4 year, and backed by the 4.0 2.0 Group’s strong cash and 3 3.0 financial position, the 2.5 Board resolved to pay an 2.0
Slide 10: Appendix: Four Complementary Hung Hing Business Segments
Appendix: Four Complementary Hung Hing Business Segments Consumer Product Book & Package Printing Corrugated Box Paper Trading Packaging Leader globally Major player in China Major player in South China Major player in South China Market position % Share of 2016 57% (HK$760mil.) 21% (HK$278mil.) 5%
Slide 11: Appendix: Hung Hing established multi-locations infrastructure
Appendix: Hung Hing established multi-locations infrastructure Zhongshan Wuxi Printing & mfg. of folding cartons, litho Printing and manufacturing of folding lam and corrugated containers cartons, litho lam and corrugated Awarded certifications of ISO9001, containers ISO14001, BRC, etc. Awarded cert
Slide 12: Disclaimer
Disclaimer The presentation is prepared by Hung Hing Printing Group Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or to form any basis of investment deci
Slide 13: Thank you
Thank you A Leading Printer in Asia With unrivalled market leadership, well-balanced portfolio and sustained growth for over six decades, Hung Hing is in an excellent position to take advantage of growing opportunities as our industry continues to build momentum. 12
Hung Hing Printing Group — H1 2016 Earnings Presentation on 6ix