New Hoong Fatt Holdings Bhd. · MYX:NHFATT
New Hoong Fatt Holdings Bhd — Investor Presentation (May 2024)
33 slides from New Hoong Fatt Holdings Bhd's investor presentation, May 2024
Slide 1: Corporate Presentation
NEW HOONG FATT HOLDINGS BERHAD Registration No. 199701010213 (425709-K) CORPORATE PRESENTATION May 2024
Slide 2: Corporate Overview
Corporate Overview One of the largest >40 years of experience Manufactures >3,300 Distributes to the whole automotive parts in the automotive parts automotive parts in- of Malaysia and exports suppliers in industry house, supplies to >50 countries Replacement >11,000 outsourced worldwide Equipment a
Slide 3: Table of Contents
Table of Contents 1 Corporate Profile & Structure 2 Business Overview c 3 Financial Highlights 4 Outlook & Strategy 5 Investment Merits
Slide 4: Corporate Profile & Structure
Corporate Profile & Structure 4
Slide 5: Stock Information
Stock Information Stock Code : NHFATT/7060 Shariah Status : Shariah-compliant Share Price : RM3.93 (@ 10/05/2024) Market Cap. : RM325.0 mil Listing : Main Market of Bursa Malaysia Issued Cap. : 82.7 mil shares Sector : Consumer Products & 52w Hi-Low : RM2.70 – RM4.15 Services (Automotive) 5
Slide 6: A Brief History of NHF: >40 years & counting
A Brief History of NHF: >40 years & counting Founded as a trading Listed on the (then) Established trading Achieved best- company in 1977 & Second Board of Bursa branches in Jakarta & ever revenue in carved a niche in the REM with RM40 mil share Shanghai. FY22. market. capital. 1977 1989 1998 2001 2
Slide 7: Corporate Structure
Corporate Structure NEW HOONG FATT HOLDINGS BERHAD 100% owned subsidiaries Operating Divisions [ Marketing/Distribution/Trading/Export Auto Global International Sdn. Bhd. New Hoong Fatt Auto Supplies Sdn. Bhd. 99.8% | Manufacturing Auto Global Parts Industries Sdn. Bhd. MJ Manufacturing Industries S
Slide 8: Business Overview
Business Overview 8
Slide 9: Business Overview
Business Overview Manufacturing Trading & Distribution Metal Parts Plastic Parts 9
Slide 10: Key REM Segments NHF Specialises In
Key REM Segments NHF Specialises In Tyres, Wheels, Rims, Valve Tyres Parts & Components Air Conditioning Parts Hood, Door, Fender, Compressor, Expansion Grille, Bumper, Trunk Valve, Condenser, Lid, Tail Gate, Lamp Evaporator Key REM Segments Accessories & Customising Repair, Maintenance & Service LE
Slide 11: Our Product Groups
Our Product Groups Metal Group Plastic Group Door Tailgate Fender Bumper & Grille Hood Trunk Lid Head Lamp Panel Head & Tail Lamps Automotive Accessories Ignition Switch Fan Blade Radiator Door Mirror Windscreen 11
Slide 12: Our House Brands
Our House Brands Our House Brands Fit A Wide Range of Cars 12
Slide 13: Our Manufacturing Capabilities
Our Manufacturing Capabilities ✓ Capacity to manufacture up to 6 mil pcs of automotive body parts per annum ✓ Manufactures more than 3,600 items (SKUs) in-house (~1,400 metals and 2,200 plastics) 3D Imaging Scanner In-House Tooling Metal Stamping MIG Robot Plastic Injection Machine 3D Laser Welding
Slide 14: Local and Overseas Trading Branches
Local and Overseas Trading Branches Physical Ampire, Shanghai presence in 3 countries Headquarters - Klang Kota Kinabalu Branch PT NHF, Jakarta, Indonesia Segambut, KL Branch 14
Slide 15: Our Extensive Distribution Network
Our Extensive Distribution Network Malaysia Wholesalers & > 1,000 retailers in Malaysia Stock keeping > 13,000 units (SKUs) being distributed Overseas Export countries across Asia, > 50 Central & South America, Europe and Africa Overseas > 100 customers 15
Slide 16: Our Distribution Flow
Our Distribution Flow LOCAL EXPORT Importers from overseas Wholesalers and retailers (Auto spare parts shop) Wholesalers and retailers Car workshops Car workshops End users 16
Slide 17: Financial Highlights
Financial Highlights
Slide 18: Five-Year Group Financial Summary
Five-Year Group Financial Summary FOR THE PERIOD ENDED 31 DECEMBER 2023 2022 2021 2020 2019 Revenue (RM’000) 281,245 290,364 244,225 236,878^ 271,718^ Profit Before Tax (RM’000) 52,638 33,205 25,102 14,496 18,763 Profit After Tax (RM’000) 47,707 26,699 19,584 11,555 14,871 Total Assets (RM’000) 630,
Slide 19: FY2023 Financial Highlights
FY2023 Financial Highlights Continued to pursue a consolidation strategy, delivered a solid performance in 2023 Revenue FY23 Revenue Profit Before Tax FY23 Profit Before Tax 272 290 281 RM281 mil 53 RM 53 mil 237 244 -3% 33 +61% RM mil RM mil 25 YoY 19 14 YoY FY22 Revenue FY22 Profit Before Tax 2019
Slide 20: FY2023 Financial Highlights (cont'd)
FY2023 Financial Highlights (cont’d) Continued to deliver value Maintained to shareholders profitable Shareholders’ Equity Earnings Per Share Net Assets Per Share FY23 Total Dividend RM 549 mil 58 sen per share RM 6.64 per share 15 sen per share As at 31 Dec 2023 As at 31 Dec 2023 As at 31 Dec 2023
Slide 21: Revenue FY2023 Breakdown by Geographical Segments
Revenue FY2023 Breakdown by Geographical Segments Malaysia Segment 52% FY22: RM162 mil (56%) Non- ASEAN Malaysia RM147m ASEAN Non- ASEAN Segment 29% RM 81 m RM 53 m FY22: RM76 mil (26%) ASEAN Segment 19% FY22: RM52 mil (18%) 21
Slide 22: FY2023 Business Overview
FY2023 Business Overview Challenges faced in 2023: • Protectionist measures are on the rise, causing economic slowdown in countries relying on exports to US and China. • Weaker domestic sentiment in China, largely due to the significant setback of its real estate sector and slower- than-expected eco
Slide 23: Our Responses
Our Responses Product & pricing management Diligent cost management Improvement in efficiency & productivity 23
Slide 24: Outlook & Strategy
Outlook & Strategy 24
Slide 25: Outlook
Outlook • Growing pool of cars on the road drives demand • Geopolitical situations • Tighter monetary conditions 25
Slide 26: Our Strategy
Our Strategy Cost control & enhance operational efficiency Focus on the ASEAN market Consolidation strategy 26
Slide 27: ASEAN Automotive Market Overview
ASEAN Automotive Market Overview Total Market Opportunity: 234 million Total road motor vehicles Key ASEAN Motor Vehicles (“MV”) ASEAN Malaysia Thailand Indonesia Vietnam Philippines to population as at Total 2022* Total number of registered road MV 35,093 43,394 125,384 4,180^ 13,889 234,294 (‘000)
Slide 28: ASEAN Automotive Market Overview (cont'd)
ASEAN Automotive Market Overview (cont’d) Total No. of Registered Road Motor Vehicles (‘000) in ASEAN as at 2022 Indonesia 125.4 mil Thailand 43.4 mil Malaysia 35.1 mil Philippines 13.9 mil 234 mil Registered Road Motor Vehicles in ASEAN Myanmar 7.2 mil Vietnam ^4.2 mil Laos 3.1 mil Singapore 1.0 mi
Slide 29: ASEAN Automotive Market Overview (cont'd)
ASEAN Automotive Market Overview (cont’d) Total No. of Registered Road Motor Vehicles (‘000) in ASEAN for 2016 - 2022 Country 2016 2017 2018 2019 2020 2021 2022 Malaysia 27,613.3 28,738.2 29,956.5 31,214.8 32,378.2 33,570.2 35,092.7 Thailand 37,338.1 38,308.8 39,551.8 40,712.0 41,471.3 42,314.0 43,3
Slide 30: Investment Merits
Investment Merits 30
Slide 31: Leading Replacement Equipment Manufacturer
Leading Replacement Equipment Manufacturer Capable & Largest REM in Healthy Macro Consistent Dividend Experienced Malaysia Fundamentals Payout Management ✓ 2nd generation ✓ REM market ✓ Specialises in leadership; aided growth not tied to automotive by professionals. new vehicle sales replacement par
Slide 32: Disclaimer
Disclaimer • This presentation may contain forward-looking statements. All statements other than statements of historical facts contained in this presentation including, without limitation, those regarding our financial position, business strategies, plans and objectives of our Group for future oper
Slide 33: Thank you!
Thank you! +603-3392 6818 enquiries@newhoongfatt.com.my Lot 5043, Jalan Teratai Meru, 41050 Klang, Selangor www.newhoongfatt.com.my
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