Pax Global Technology Limited · HKEX:327
Pax Global Technology — H1 2019 Earnings Presentation
9 slides from Pax Global Technology's earnings presentation, 2019
Slide 1: PAX Global Technology Limited 2019 Interim results
PAX Global Technology Limited (327.HK) 2019 Interim results 1
Slide 2: Disclaimer
The information contained in these presentation materials has been prepared by PAX Global Technology Limited ( “Company” or “PAX”) (incorporated in Bermuda with limited liability) solely for use at the presentation to prospective investors for introduction of the Company. By accepting this document,
Slide 3: 2019 Interim results snapshot
❖ 2019 Interim results snapshot 3 PAX Global Technology Limited (327.HK) – 2019 Interim results
Slide 4: Revenue, gross profit, operating profit and profit highlights
• Revenue: HKD 2,366.3M YoY up 26.2%, driven by strong overseas market performance (+38.7%) • Gross profit: HKD 914.4M YoY up 26.6%, gross profit margin: 38.6% • Operating profit: 370.5M YoY up 22.4%, operating profit margin: 15.7% • Profit attributable to the owners of the Company: HKD325.5 M YoY u
Slide 5: Current challenges in China market
Current challenges in China market 1. Intensifying market competitions leading to deterioration of margins 2. Increasing credit risk of certain payment market stakeholders 3. Uncertainties brought by the ongoing international trade disputes Strategic and structural adjustments (expected to be comple
Slide 6: Sales by region: LACIS, EMEA, APAC, China
LACIS +50% EMEA +18% 1,339 M 462 M Brazil • Recorded notable sales growth in UK, Germany, Poland & Italy • Leading position in the Brazilian payment terminal market • Rising interests from European PSPs & acquiring banks for • Robust growth of traditional & smart terminals SmartPOS & Smart ECR solut
Slide 7: Selling, administrative and R&D expenses
For the six months ended 30 June 2019 For the six months ended 30 June 2018 +/- HKD ‘000 (unaudited) (unaudited) Selling expenses 227,040 192,394 +18.0% Administrative expenses 326,513 262,848 +24.2% R&D expenses 187,608 143,894 +30.4% (included in administrative expenses) • Selling expenses increas
Slide 8: Working capital and cash position
HKD ‘000 As at 30 June 2019 As at 31 December 2018 As at 30 June 2018 Trade and bills receivables 2,090,407 1,919,408 1,885,139 Inventories 1,217,279 1,182,015 1,328,727 Trade and bills payables 1,610,925 1,190,447 1,314,216 Cash and cash equivalents 2,577,076 2,160,192 1,965,876 Turnover days Trade
Slide 9: Investor relations contacts
• Ethan Cheung, Chief Financial Officer • Calvin Pei, Assistant Vice President - Corporate Finance & Strategy • Mina Pang, Investor Relation Manager Email: ir@pax.com.hk TEL: +852 2500 8510 9 PAX Global Technology Limited (327.HK) – 2019 Interim results
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