Playmates Toys Limited · HKEX:869
Playmates Toys — FY2015 Earnings Presentation
21 slides from Playmates Toys's earnings presentation, Mar 24, 2016
Slide 1: Playmates Toys Limited 2015 Full Year Results Briefing
Playmates Toys Limited 2015 Full Year Results Briefing 24 March 2016
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 State of the Toy Industry Playmates Toys Financial Highlights 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 6
Slide 7: State of the Toy Industry
State of the Toy Industry Operating Environment in 2015: US remained on steady economic recovery NPD reported US retail toy $ sales up by about 6.7%, strongest industry performance in many years* Currency weaknesses as well as economic and political uncertainties continued to impact businesses in in
Slide 8: Playmates Toys: Our 2015 results reflected
Playmates Toys Our 2015 results reflected: TMNT business sustained by Nickelodeon TV series alone – no movie driver Continued strong product execution – refreshment & extension of core action figure line + introduction of new segments Higher development and tooling expenses to launch new product seg
Slide 9: Financial Highlights
Financial Highlights Income Statement HK$ Million 2014 2015 +/-% Revenue 2,160.2 1,551.5 -28.2 Gross Profit 1,336.3 956.0 -28.5 Marketing (398.7) (324.4) -18.6 Selling & Distribution (130.7) (91.1) -30.3 Administration (158.7) (144.5) -8.9 Operating Profit 648.2 396.1 -38.9 Profit before taxation 63
Slide 10: Margin Analysis
Margin Analysis Cost of Sales 100% 90% 38.1% 38.4% Marketing 80% Selling & distribution 70% Administration 60% 18.5% 20.9% 50% Others 6.1% 5.9% 0.4% 40% 7.3% 0.6% 9.3% Income Tax 6.7% 30% 7.3% Net Profit 20% 22.7% 17.8% 10% 0% 2014 2015 Revenue: HK2,160.2M HK$1,551.5M 10
Slide 11: Revenue Breakdown by Regions
Revenue Breakdown by Regions 2014 2015 1.5 1.2% 2.5% 0.8% 2.9% 0.7% 17.0% 14.3% 5.9% 5.0% 72.3% 75.9% HK2,160.2M HK$1,551.5M U.S.A. Other Americas Europe Australasia Asia Others 11
Slide 12: Financial Highlights
Financial Highlights Balance Sheet HK$ Million 31/12/2014 31/12/2015 Inventories 44.2 28.2 Trade Receivables 529.7 311.0 Cash & Bank Balances 785.8 877.5 Net Current Assets 978.4 1,087.2 Net Assets 1,036.4 1,133.6 Net Asset per Share (HK$) 0.86 0.94 Gearing Ratio 0.0 0.0 Current Ratio 3.4 5.3 12
Slide 13: Looking Forward
Looking Forward \Wayaon” LEGENDARY TEFEWTEH
Slide 14: 2016 Externalities
2016 Externalities Uncertainties in global economic outlook Challenges continue in international markets Strong entertainment-driven competition 14
Slide 15: INT
INT ~~ Zn OF THE SHAT O wrss
Slide 16: TMNT Entertainment Pipeline
TMNT Entertainment Pipeline Continued development of popular TMNT TV series on Nickelodeon – Season 4 premiered in October 2015 Paramount’s 2nd TMNT movie, Teenage Mutant Ninja Turtles: Out of the Shadows to premier in June 2016 16
Slide 17: TMNT Product Pipeline
TMNT Product Pipeline Continued refreshment and extension of core TMNT action figure categories + established new segments: Half Shell Heroes and T-Machines Introduction of new TMNT product segments: Movie II line launched in Spring 2016 T-Blast and T-Sprint launched in Spring 2016 Actively developi
Slide 18: New Brand – Ben 10
New Brand – Ben 10 Cartoon Network to re-launch Ben 10, the powerful global franchise, for new generation of fans in 2016 The original 2006 series spawned: 4 animated TV series 1 animated movie 2 live-action movies Global merchandise success Playmates to launch all-new Ben 10 toy line in 2017 18
Slide 19: New Brand – Voltron
New Brand – Voltron DreamWorks Animation re-imagines Voltron, the classic robot franchise, as a Netflix Original Series in 2016 According to Netflix, it currently has: Over 75 million members in Over 190 countries enjoying Over 125 million hours of TV shows and movies a day A dedicated section of ki
Slide 20: New Brand – Mysticons
New Brand – Mysticons Brand new animated action TV series developed by Nelvana Studio, Nickelodeon and Topps Company Targeting girls audience, Mysticons tells the epic tale of 4 girls who transform into legendary warriors To debut on Nickelodeon in 2017 20
Slide 21: Thank You!
Playmates Toys Limited Thank You!