Aztech Global Ltd. · SGX:8AZ

Aztech Global — H1 2021 Earnings Presentation

22 slides from Aztech Global's earnings presentation, Jul 30, 2021

  1. Slide 1: Aztech Global Ltd. 1H 2021 Results Presentation

    Aztech Global Ltd. 1H 2021 Results Presentation 30 July 2021

  2. Slide 2: Financial Performance Review

    FINANCIAL PERFORMANCE REVIEW

  3. Slide 3: Key Financial Highlights

    Key Financial Highlights • 1H 2021 net profit of $29.4 million on revenue of $249.7 million • Earnings per share of 4.12 cents in 1H 2021 (1) • 1H 2021 EBITDA of $39.0 million • Lower effective tax rate of 12.5% for 1H 2021 (2) • Net Cash of $191.1 million as at 30 June 2021 • Net asset value per sh

  4. Slide 4: Q2 2021 Results – YoY Comparison

    Q2 2021 Results – YoY Comparison ($ million) Q2 2021 Q2 2020 % change Revenue (1) 133.7 91.8 45.6 EBITDA 21.1 16.8 25.6 Profit Before Tax 18.4 14.2 29.6 PBT Margin (%) 13.8 15.5 (170 bps) Income Tax Expense (2.2) (1.7) (29.4) Effective Tax Rate % 11.9 12.0 Net Profit 16.2 12.5 29.6 Net Profit Margin

  5. Slide 5: Q2 2021 Results – QoQ Comparison

    Q2 2021 Results – QoQ Comparison ($ million) Q2 2021 Q1 2021 % change Revenue 133.7 115.9 15.4 EBITDA 21.1 17.9 17.9 Profit Before Tax 18.4 15.2 21.7 PBT Margin (%) 13.8 13.1 70 bps Income Tax Expense (2.2) (2.0) (10.0) Effective Tax Rate % 11.9 13.1 Net Profit 16.2 13.2 22.7 Net Profit Margin (%) 1

  6. Slide 6: 1H 2021 Results Comparison

    1H 2021 Results Comparison ($ million) 1H 2021 1H 2020 % change Revenue (1) 249.7 129.1 93.4 EBITDA 39.0 20.3 92.1 Profit Before Tax 33.6 15.3 119.6 PBT Margin (%) 13.4 11.9 150 bps Income Tax Expense (4.2) (2.3) (82.6) Effective Tax Rate % 12.5 15.0 Net Profit 29.4 13.0 126.1 Net Profit Margin (%)

  7. Slide 7: 1H 2021 Results Snapshot

    1H 2021 Results Snapshot IoT Devices & Data-Com Products Key Driver of Revenue Growth Revenue IoT and Datacom Products (in $ million) 249.7 (Revenue in $ million) 1.30% 0.80% 0.90% 232.6 +93.4% North America Internet of Things +128.7% Europe 129.1 25.60% 93.2% China 101.7 Data Singapore Communicatio

  8. Slide 8: Financial Position and Cash Flow

    FINANCIAL POSITION AND CASH FLOW

  9. Slide 9: Balance Sheet Summary

    Balance Sheet Summary Healthy Balance Sheet with Strong Cash Position ($ million) 30 June 2021 31 December 2020 Cash & Bank Balances 203.0 11.5 Net Current Assets 224.7 17.9 Net Non-current Assets 23.2 23.7 Total Net Assets 247.9 41.6 Accumulated Profits (1) 46.3 32.3 Share Capital & Reserves 201.6

  10. Slide 10: Comparison of Net Cash / (Net Debt) Position

    Comparison of Net Cash / (Net Debt) Position ($ million) 30 June 2021 31 December 2020 Total Borrowings 11.9 33.0 Cash & Cash Equivalents 203.0 11.5 Net Cash (Net Debt) 191.1 (21.5) • As at 30 June 2021, the Group recorded a net cash position of $191.1 million. following the inclusion of net proceed

  11. Slide 11: Comparison of Working Capital

    Comparison of Working Capital ($ million) 30 June 2021 31 December 2020 Current Assets 413.3 270.3 Current Liabilities 188.6 252.3 Working Capital 224.7 18.0 • Working capital position had increased from $18.0 million as at 31 December 2020 to $224.7 million as at 30 June 2021 due mainly to the incl

  12. Slide 12: EBITDA Reconciliation

    EBITDA Reconciliation ($ million) 1H 2021 1H 2020 Profit for the financial year 29.4 13.0 Add: Finance Costs 0.4 0.7 Add: Income tax expense 4.2 2.3 EBIT 34.0 16.0 Add: Amortisation & Depreciation 5.0 4.3 expenses EBITDA 39.0 20.3 EBITDA Margin % 15.6 15.7 © 2021 Aztech Global Ltd. All currencies ar

  13. Slide 13: Business Update & Outlook

    BUSINESS UPDATE & OUTLOOK Aztech

  14. Slide 14: Business Update – COVID-19 Impact

    Business Update – COVID-19 Impact • The global components shortage intensified as the supply chain was affected by COVID- 19 infection-related shut down to stem the spread. The Group continued with its close collaboration with customers and suppliers to secure the required key components to ensure c

  15. Slide 15: Business Update – COVID-19 Impact (Cont'd)

    Business Update – COVID-19 Impact (Cont’d) • As at 30 July 2021, vaccination statistics of our employees in Dongguan, China and Johor, Malaysia are as follows: Location Vaccinated – 2 Vaccinated – 1 Not Vaccinated doses dose Dongguan, China 74% 26% 0% Johor, Malaysia 0.4% 7.51% 92.09% • In Malaysia,

  16. Slide 16: Business Update – Production Capacity

    Business Update – Production Capacity • Capacity utilisation rates remained inline with historical pattern. Q-o-q improvement on higher demand and shipment of IoT devices and Data-communication products. China continued to account for the bulk of Q2 2021 production volume. • Completed the expansion

  17. Slide 17: Outstanding Order Book

    Outstanding Order Book Order Book Remains Strong Outstanding Order Book (in $ million) 604.4 • Order book as at 1 July 2021 was $530.4 million, and 454.4 the Group has since received additional orders of $74.0 million as at 30 July 2021.  Barring worsening of infection by COVID-19 virus 35% and sup

  18. Slide 18: Strategic Growth Roadmap – Reimagining Growth

    Strategic Growth Roadmap – Reimagining Growth Enhance R&D capabilities to develop new products and technologies Reimagining Growth – Building Expand ODM/JDM business to capitalise on opportunities in the growing IoT markt Faster, Better, Stronger Improve production efficiencies doing more and better

  19. Slide 19: Strategic Growth Roadmap – IoT & Data-Comm

    Strategic Growth Roadmap – IoT & Data-Comm Positive Growth Prospects of the IoT & Data-Communication Markets IoT Market 2019-2023 CAGR: 20.8% @ Est. $425.2B(2023) Data-Comm Mk 2019-2023 CAGR: 5.9% @ Est. US$59.0B(2023) Consumer IoT Non-Consumer IoT Data-Communications Est. 2019-2023 CAGR: 23.4% @ US

  20. Slide 20: Business Outlook

    Business Outlook • The global component shortage situation is unlikely to abate in the next 6-12 months. Collaborative efforts with suppliers, customers and relevant business partners to continue to achieve smooth production and timely delivery of its customers’ orders.  Leverage on strong customer

  21. Slide 21: Note on Forward-Looking Statements

    Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain

  22. Slide 22: Thank You!

    THANK YOU! Aztech

Aztech Global — H1 2021 Earnings Presentation on 6ix