Playmates Toys Limited · HKEX:869
Playmates Toys — H1 2023 Earnings Presentation
16 slides from Playmates Toys's earnings presentation, Aug 25, 2023
Slide 1: Playmates Toys Limited 2023 Interim Results Briefing
Playmates Toys Limited 2023 Interim Results Briefing 25 August 2023
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 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 2023 Interim Results Reflected
Our 2023 Interim Results Reflected 30% year-over-year increase in turnover driven by: Initial shipments of our Teenage Mutant Ninja Turtles toy line supported by the global release of the Teenage Mutant Ninja Turtles: Mutant Mayhem animated movie Gross profit ratio increased from 49% to 54% due to:
Slide 8: Financial Performance: Income Statement Highlights
Financial Performance Income Statement Highlights HK$ Million 1H2023 1H2022 +/‐% Revenue 347.2 267.5 +29.8% Gross Profit 187.4 130.6 +43.5% Marketing and Licensing (59.3) (56.0) +5.9% Selling & Distribution (24.9) (14.0) +77.9% Administration (47.1) (41.8) +12.5% Operating Profit 56.2 18.7 +199.9% P
Slide 9: Financial Performance: Margin Analysis
Financial Performance Margin Analysis Cost of Sales Marketing & Licensing 120% Selling & Distribution 100% Administration 46.0% 51.2% Others 80% Income Tax 60% 17.1% Net Profit 7.2% 20.9% 40% 13.6% 5.2% 15.6% 20% 25.0% 7.1% 0% 1H2023 1H2022 9
Slide 10: Financial Performance: Revenue Breakdown by Regions
Financial Performance Revenue Breakdown by Regions 1H2023 1H2022 2.1% 0.2% 2.1% 5.1% 3.9% 23.2% 25.3% 60.5% 58.5% 8.9% 9.6% HK$347.2M HK$267.5M U.S.A. Other Americas Europe Australasia Asia Others 10
Slide 11: Financial Performance: Balance Sheet Highlights
Financial Performance Balance Sheet Highlights HK$ Million 30/6/2023 30/6/2022 Inventories 61.7 67.8 Trade Receivables 173.0 59.3 Cash & Bank Balances 908.3 912.2 Net Current Assets 1,000.1 923.3 Net Assets 1,050.2 970.2 Net Asset per Share (HK$) 0.89 0.82 Gearing Ratio 0.0 0.0 Current Ratio 4.8 5.0
Slide 12: Looking Forward
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Slide 13: Looking Forward
Looking Forward We continue to be very optimistic about the second half of the year The relaunch of our Teenage Mutant Ninja Turtles toy line is off to a strong start in all major markets Actively developing new products to coincide with the upcoming animated series and sequel to Teenage Mutant Ninj
Slide 14: Teenage Mutant Ninja Turtles: Mutant Mayhem movie
The Paramount Pictures animated movie: Teenage Mutant Ninja Turtles ‐ Mutant Mayhem has delivered strong box office results globally since its release in Aug 2023 Consumer response to both the movie and our TMNT toy line has been very positive Paramount Pictures and Nickelodeon Movies are developing
Slide 15: Miraculous: Tales of Ladybug & Cat Noir
The highly popular Miraculous: Tales of Ladybug & Cat Noir TV show continues to air in over 120 countries worldwide and stream across multiple digital platforms The animated musical feature, Miraculous Ladybug & Cat Noir: The Movie, had a strong debut on Netflix during the summer We are hopeful that
Slide 16: Thank you!
Playmates Toys Limited Thank you!