Malaysian Pacific Industries Bhd. · MYX:MPI
Malaysian Pacific Industries Bhd — Q3 FY2020 Earnings Presentation
16 slides from Malaysian Pacific Industries Bhd's earnings presentation, January 2021
Slide 1: Malaysian Pacific Industries Berhad Investors' Briefing Q3 FY20
Malaysian Pacific Industries Berhad Investors’ Briefing Q3 FY20 DIFFERENTIATION THROUGH INNOVATION Differentiation Thru Innovation
Slide 2: Industry Outlook
INDUSTRY OUTLOOK SEMICONDUCTOR INDUSTRY WILL SEE A FURTHER DECLINE IN 2020 ➢ WW Semiconductor sales decreased by 12% in 2019 Semiconductor market as a whole will decline by 15% in 2020 Estimated change in semicon sales demand by application type in USD Billion - Semiconductor Industry Association Gl
Slide 3: Q3 FY20 Snapshot
Q3 FY20 SNAPSHOT Q3 Revenue Higher by 12% in USD & 14% in RM against corresponding quarter in FY19. Q3 FY20 Sequential REVENUE revenue lower by 9% in USD & RM PATAMI Q3 PATAMI 32% Higher against Q3 FY19. PATAMI in Q3 FY20 lower at RM 22.1M Vs RM 45.1M of Q2 FY20 EPS Q3 EPS at 11.59c Vs 23.73c of Q2
Slide 4: MPI Group Results at a Glance
MPI GROUP RESULTS AT A GLANCE Q3 FY20 Q2 FY20 Q3 FY19 Q3 vs Q2 Q3 vs Q3 YTD FY20 YTD FY19 YoY RM mil RM mil RM mil % % RM mil RM mil % Revenue 376.3 413.8 330.1 -9% 14% 1,159.1 1,142.0 1% PAT 26.2 53.6 21.5 -51% 22% 123.2 124.3 -1% PATAMI 22.1 45.1 16.8 -51% 32% 103.9 98.3 6% EPS (sen) 11.59 23.73 8
Slide 5: MPI Group – Revenue by Geographical Location of Customers
MPI GROUP – REVENUE BY GEOGRAPHICAL LOCATION OF CUSTOMERS EUROPE 22.4% YTD FY 2020 ASIA USA 24.1% YTD FY2019 13.7% YTD FY2020 63.9% YTD FY 2020 60.5% YTD FY2019 15.4% YTD FY2019 Differentiation Thru Innovation
Slide 6: Revenue by End User Market
REVENUE BY END USER MARKET REVENUE BY END USER MARKET Q3 FY20 REVENUE BY END USER MARKET Q2 FY20 Other 1% Other 1% PC / PC / Notebook Notebook 11% 9% Automotive Automotive 30% 32% Consumer / Consumer / Communications Communications 33% 31% Industrial Industrial 27% 25% Differentiation Thru Innovatio
Slide 7: MPI Group – Revenue by Operating Units
MPI GROUP – REVENUE BY OPERATING UNITS MPI REVENUE REVENUE BY OPERATING UNITS (%) 120 Carsem Dynacraft 120% 99 100 88 90 98% 100% 96% 96% 96% 97% 80 83 80 USD MIL 80% 60 60% 40 40% 20 20% 4% 4% 4% 3% 2% - 0% Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY2019 FY2020 FY2019 FY2020 Differentiation Thru Innovation
Slide 8: MPI Group – Capex
MPI GROUP – CAPEX MPI EBITDA VS CAPEX MPI CAPEX EBITDA CAPEX Carsem Dynacraft 120 90 111 0.7 80 100 94 85 70 0.7 79 80 RM MIL RM MIL 80 60 70 65 50 60 0.3 40 79 43 65 0.1 40 30 0.4 29 24 42 20 20 29 10 24 - - Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 FY2019 FY2020 FY2019 FY2020 Differentiation Thru Innovation
Slide 9: Additional Cost Incurred During MCO
ADDITIONAL COST INCURRED DURING MCO IN GOOD & BAD TIMES, MPI ISQ3PROFITABLE AND CONTINUES TO ACCUMULATE CASH & Q4 Recurring/mth Carsem (M) RM'000 RM'000 Incentives 1,046 - Facemasks 557 144 Sanitizers/Disinfection 116 47 Extra busing/transport 194 110 Rental of equipmt 37 - Free meals 980 - Addition
Slide 10: Cash Is King
CASH IS KING IN GOOD & BAD TIMES, MPI IS PROFITABLE AND CONTINUES TO ACCUMULATE CASH RM Mil 900.0 797.7 808.9 800.0 760.7 713.4 677.2 689.0 700.0 643.9 600.0 572.6 547.3 500.0 443.8 387.0 400.0 300.0 284.0 200.0 100.0 0.0 MPIB GROUP Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-
Slide 11: Unpredictable Corona Virus
UNPREDICTABLE CORONA VIRUS ❑ Carsem is one of the few OSATs in the world which was always open and continued production during the lockdown to support its customers. ❑ 23rd Jan 2020 – First company in Perak to start Covid-19 precautions. Increased the frequency of each measure during MCO ❑ Incentivi
Slide 12: Salaries, Overtime & Incentives to Employees
SALARIES, OVERTIME & INCENTIVES TO EMPLOYEES IN GOOD & BAD TIMES, MPI IS PROFITABLE AND CONTINUES TO ACCUMULATE CASH ❑ Carsem gave annual bonus to its employees in March ❑ Carsem & DCI paid overtime to the workforce during MCO ❑ Incentives paid apart from overtime & salaries to the workforce during
Slide 13: MITI Inspection Visit to Carsem
MITI INSPECTION VISIT TO CARSEM MITI ENDORSED CARSEM OF HAVING EXCELLENT SAFETY & PRECAUTIONARY MEASURES TO CURB COVID -19 Perak MITI (Ministry of International Trade and Industry) Director with Headquarter Officer had a surprise visit to Carsem on 15th May 2020 to benchmark on all of the safety mea
Slide 14: Assisting Wider Community
ASSISTING WIDER COMMUNITY Carsem carried out CSR activity by distributing 100,000 facemasks starting with employees and their families, then to frontliners and deprived section of society: • Medical personnel in various clinics & hospitals • Perak Police • Custom Department officials • Fire fighters
Slide 15: Summary
SUMMARY Carsem is one of the few OSATs in the world to remain always open during lockdown to support its customers Despite tough times, MPI declares dividend of 17 Sen MPI maintains profitability and continues to accumulate cash Carsem is still investing money in capital expenditure Battling externa
Slide 16: Thank You!
THANK YOU! Differentiation Thru Innovation
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