Fit Hon Teng Limited · HKEX:6088
Fit Hon Teng — H1 2019 Earnings Presentation
18 slides from Fit Hon Teng's earnings presentation, 2019
Slide 1: FIT Hon Teng Limited 2019 Interim Results Announcement
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Slide 2: Disclaimer
• The information in this presentation is intended solely for solely for informational purposes invitation of any offer, to buy or subscribe for any securities, nor should it or any part of it form and does not constitute a recommendation regarding the securities of the FIT Hon Teng the basis of, or
Slide 3: Short-Term / Long-Term Strategy
Short-Term / Long-Term Strategy Medical Industrial Devices LONGER TERM NEW OFFERS Creating new end markets and & ASSETS acquiring new customers. Smart Accessory Optical Smart Home Tech (Including Wireless) SHORT & MEDIUM TERM EXTEND Innovating new applications and OFFERS & Auto deepening customer re
Slide 4: Financial Overview
Financial Overview FY2019 1H REVENUE +11.6% GROSS +27.7% NET - 5.4% PROFIT INCOME 1,918 376 1,719 295 108 102 17.1% 19.6% 6.3% 5.3% 2018 1H 2019 1H 2018 1H 2019 1H 2018 1H 2019 1H 4
Slide 5: Financial Overview
Financial Overview FY2019 1H DISTRIBUTION COSTS & SELLING EXPENSES 57 30 OPERATING -12.9% PROFIT 2018 1H 2019 1H ADMINISTRATIVE EXPENSES 86 140 122 51 2018 1H 2019 1H R&D EXPENDITURE 121 90 8.1% 6.4% 2018 1H 2019 1H 2018 1H 2019 1H 5
Slide 6: Revenue Mix
Revenue Mix MOBILE DEVICES AUTO, INDUSTRY 740 & MEDICAL 671 62 31 2018 1H 2019 1H 2018 1H 2019 1H COMMUNICATIONS SMART INFRASTRUCTURE 454 ACCESSORIES 263 441 34 2018 1H 2019 1H 2018 1H 2019 1H COMPUTER & CONNECTED CONSUMER 456 HOME 124 ELECTRONICS 358 4 2018 1H 2019 1H 2018 1H 2019 1H 6
Slide 7: Financial Highlight
Financial Highlight CASH CONVERSION CYCLE 80 2018 78 2019 1H TURNOVER DAYS Inventory 65 80 Trade Receivables 88 83 Trade Payables 73 85 2018 2019 1H 7
Slide 8: Financial Highlight
Financial Highlight EBITDA MARGIN 2019 1H 13.0% 2018 1H 14.6% CASH FLOW FROM OPERATIONS 2019 1H 200 MUSD 2018 1H 338 MUSD 8
Slide 9: Optical Network Connectivity
Optical Network Connectivity 9
Slide 10: Solutions for Optical Network Connectivity
Solutions for Optical Network Connectivity DATA CENTER / ENTERPIRSE $3,659M 10G | 40G | 100G 200G | 400G | 800G GAGR SAN: 8G, 16G, 32G SAN: 64G, 128G (2019-2023) = 15% SWITCH / ROUTER $1,607M 1G | 10G | 25G| 40G | 50G | 400G | 800G GAGR 100G (2019-2023) = 12% CAMPUS / METRO $1,053M 10G | 40G | 100G
Slide 11: FIT-Belkin Integration Update
FIT-Belkin Integration Update 11
Slide 12: Integration Update
Integration Update We are on schedule to meeting the objectives of the Belkin acquisition • Belkin leveraging FIT’s manufacturing expertise and scale. • Belkin manufacturing in process of transitioning outside of China. • Expansion opportunities in Asia, leveraging FIT relationships. 12
Slide 13: Growth Drivers: 2H 2019 and 2020
Growth Drivers: 2H 2019 and 2020 Belkin facilitating and driving total FIT growth and profitability. • Belkin is leading sales opportunities across all of FIT. • Focused on expanding key FIT technologies, including 5G and smart home. • Prioritizing top sales accounts featuring some of the top techno
Slide 14: Growth Drivers: Connected Things
Growth Drivers: 2H 2019 and 2020 Connected Things • Secure key industry leadership in transition from wired to wireless in Connectivity, Power and Audio. • Leverage Belkin’s market leadership in Mobile Power and global distribution channels to grow Digital Audio category. • Continued growth in Scree
Slide 15: Growth Drivers: Connected Home
Growth Drivers: 2H 2019 and 2020 Connected Home • Linksys Velop as the preferred neutral platform of home networking for ISP’s. • New features, capabilities, revenues, enabled by software over Velop platform, including security, motion sensing, and health and wellness. • 5G and Wi-Fi 6 products laun
Slide 16: Growth Drivers: Connected Home
Growth Drivers: 2H 2019 and 2020 Connected Home • New Wemo product launches and integrations planned for 2020. • Phyn - Continued sales expansion opportunities, new products and new features coming. 16
Slide 17: Growth Drivers: Channel Expansion
Growth Drivers: 2H 2019 and 2020 Channel Expansion • Accelerate our e-commerce business by leveraging customized products, marketing and operations strategy. • Greater focus on winning at telecom providers and ISP’s globally. • Further acceleration in Asia, focused on China, utilizing FIT’s relation
Slide 18: Foxconn Interconnect Technology Limited
Foxconn Interconnect Technology Limited (Incorporated in the Cayman Islands and carrying on business in Hong Kong as FIT Hon Teng Limited) 鴻騰精密科技股份有限公司 (於開曼群島成立，並以鴻騰六零八八精密科技股份有限公司於香港經營業務） 18