Playmates Toys Limited · HKEX:869
Playmates Toys — H1 2015 Earnings Presentation
18 slides from Playmates Toys's earnings presentation, Aug 21, 2015
Slide 1: Playmates Toys Limited 2015 Interim Results Briefing
Playmates Toys Limited 2015 Interim Results Briefing 21 August 2015
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and subsequent discussion 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 events a
Slide 3: Content
Content About Playmates Toys Our Mission Our Latest Performance State of the Toy Industry Playmates Toys Results Financial Highlights Our Prospects 2H 2015 Outlook Longer Term Drivers 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 toy products worldwide More information – www.playmatestoys.com 4
Slide 5: Our Mission
Our Mission We create superior shareholder value by selectively investing in proprietary and licensed brands and delivering quality, safe, and innovative toys to 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 1H 2015: US economy remained on steady recovery path US consumer confidence supported at high level NPD reported US toy sales in retail dollars +6.5%* Disruptions at US west coast ports dissipated by Q2 Major action adventure movies prompted strong
Slide 8: Playmates Toys Results
Playmates Toys Results Our 1H 2015 results reflected: Sales of TMNT products continued to perform well driven by sustained popularity of the TV show & introduction of new product segments Lower comparative period-over-period sales due to shipments of TMNT movie products in 1H 2014 Lower sales in mos
Slide 9: Income Statement Highlights
Income Statement Highlights HK$ Million 1H 2014 1H 2015 +/-% Revenue 835.2 687.7 -17.7 Gross Profit 517.5 434.3 -16.1 Marketing (152.1) (132.2) -13.1 Selling & Distribution (38.6) (29.4) -23.8 Administration (59.9) (57.6) -3.9 Operating Profit 266.9 215.1 -19.4 Profit before taxation 263.9 210.5 -20
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights HK$ Million 30/06/14 30/06/15 Inventories 77.6 67.6 Trade Receivables 315.8 242.7 Cash & Bank Balances 630.2 987.5 Net Current Assets 737.6 1,009.5 Net Assets 777.5 1,077.9 Net Asset per Share (HK$) 0.65 0.89 Gearing Ratio 0.0 0.0 Current Ratio 3.2 4.0 10
Slide 11: Revenue Breakdown by Regions
Revenue Breakdown by Regions 1H 2014 1H 2015 3.6% 1.8% 4.3% 0.7% 2.7% 0.5% 11.4% 18.1% 4.2% 7.8% 77.7% 67.3% U.S.A. Other Americas Europe Australasia Asia Others 11
Slide 12: Margin Analysis
Margin Analysis 100% Cost of Sales 90% 38.04% 36.85% Marketing 80% 70% Selling & distribution 60% 18.21% 19.22% Administration 50% 4.62% 4.28% 7.18% 8.38% 0.66% Others 40% 0.36% 10.59% 7.88% Income Tax 30% 20% 22.73% Net Profit 21.01% 10% 0% 1H 2014 Revenue 1H 2015 Revenue HK835.2M HK687.7M 12
Slide 13: Our Prospects
Our Prospects nicxelodeon.
Slide 14: 2H 2015 Outlook
2H 2015 Outlook Competitive pressure will intensify Currency headwinds continue to impact international markets Period-over-period sales comparison will be more challenging due to significant boost of 1st TMNT Movie in 2014 14
Slide 15: Longer Term Drivers
Longer Term Drivers Resilience of TMNT franchise TMNT entertainment pipeline feeding multiple formats/platforms: TV series, movie, online game, mobile app Major New Brands Launching 2017 15
Slide 16: TMNT Pipeline
TMNT Pipeline Season 3 of Nickelodeon’s TMNT TV show maintains strong ratings Season 4 to premier in October 2015 Half Shell Heroes TV special to launch in November for younger fans TMNT Movie 2 scheduled for June 2016 Playmates continues to refresh and expand product line 16
Slide 17: New Brands
New Brands Ben 10 – Cartoon Network to re-launch powerful global franchise in fall 2016 with Playmates as master toy partner Mysticons – Brand new animated girls action TV series planned for 2017 with Playmates as global master toy partner Other opportunities under consideration 17
Slide 18: Playmates Toys Limited – Thank You!
Playmates Toys Limited Thank You!