Grand Banks Yachts Limited · SGX:G50
Grand Banks Yachts — Shareholder Meeting (October 2022)
11 slides from Grand Banks Yachts's shareholder meeting presentation, Oct 27, 2022
Slide 1: Grand Banks Yachts Limited FY2022 Annual General Meeting
Grand Banks Yachts Limited FY2022 Annual General Meeting 27 OCTOBER 2022
Slide 2: Chairman’s Statement
Chairman’s Statement
Slide 3: CEO’s Statement
CEO’s Statement
Slide 4: FY2022 Operations Review
FY2022 OPERATIONS REVIEW • Almost 2.5 months of work stoppages amid MCO in Malaysia; Group recognised a loss in 1H FY2022 • Strong recovery in 2H FY2022 as the Group accelerated business operations and made up for lost production time • Resumption of physical boat shows as travel restrictions eased
Slide 5: Financial Highlights FY2022
FINANCIAL HIGHLIGHTS FY2022 Annual General Meeting FY2022 5
Slide 6: Balance Sheet as at 30 June 2022
BALANCE SHEET AS AT 30 JUNE 2022 S$ (‘000) 30 Jun 22 30 Jun 21 Change (%) Total Assets 112,994 107,428 5.2 Total Liabilities 49,509 46,556 6.3 Total Equity 63,485 60,872 4.3 Cash and Cash 36,337 45,213 (19.6) Equivalents Total Borrowings 4,663 4,633 0.6 Net Asset Value Per 34.28 32.97 4.3 Share (cen
Slide 7: Financial Snapshot FY2022
FINANCIAL SNAPSHOT FY2022 S$ (‘000) FY2022 FY2021 Change (%) Revenue 75,177 96,061 (21.7) Gross Profit 19,963 20,690 (3.5) Gross Profit Margin (%) 26.6 21.5 5.1 ppt* Total Operating Expenses (17,289) (15,513) 11.4 Profit Before Tax 2,948 5,643 (47.8) Net Profit 4,014 4,226 (5.0) Earnings Per Share 2
Slide 8: Financial Review FY2022
FINANCIAL REVIEW FY2022 • FY2022 revenue totalled S$75.2 million (FY2021: S$96.1 million), as the Group recorded less than ten months of production amid business disruptions • 31 new boat orders recorded; absence of lower-margin trade-in boat orders lifted gross profit margin to 26.6% in FY2022 from
Slide 9: Financial Review 1Q FY2023
FINANCIAL REVIEW 1Q FY2023 • Resumption of boat building activities lifted revenue to S$22.4 million, nearly double compared to S$11.5 million in 1Q FY2022 • In line with higher revenue, Group recorded gross profit of S$6.0 million, compared to gross loss of S$0.3 million in 1Q FY2022 • 7 new boat o
Slide 10: Group Outlook
GROUP OUTLOOK • Demand for luxury yachts remains strong, as pandemic has raised the appeal of boating • The Group will continue to develop bigger, sleeker yachts with greater fuel efficiency • Barring unforeseen circumstances, business momentum is expected to accelerate, as the Group plans to increa
Slide 11: Q&A Thank You
Q&A THANK YOU GB MARINE GROUP GRAND BANKS
Grand Banks Yachts — Shareholder Meeting (October 2022) on 6ix