Serial System Ltd · SGX:S69
Serial System — Shareholder Meeting (April 2025)
25 slides from Serial System's shareholder meeting presentation, Apr 30, 2025
Slide 1: Serial System Ltd FY2024 Corporate Presentation
SERIAL SYSTEM LTD FY2024 Corporate Presentation Wednesday, 30 April 2025 1
Slide 2: Agenda
By moving forward and thinking forward, Serial System helps its partners to be more competitive in the marketplace, today and in the future AGENDA CORPORATE OVERVIEW FINANCIAL RESULTS OUTLOOK 2
Slide 3: Corporate Overview
CORPORATE OVERVIEW eoee5ee eoveee eo5eeee
Slide 4: Serial System At A Glance
Serial System At A Glance Electronic Components* One of Asia Pacific’s FY2024 : 85% largest electronic FY2023 : 88% distribution networks FY2024 FY2023 Hong Kong 50% 43% Total Shares: China 21% 22% 905 million Free Float: 38% SERIAL Southeast Asia & India 18% 22% SYSTEM South Korea 6% 8% listed in T
Slide 5: Diversified Business
Diversified Business Supporting a network of global brands, Serial System is a leading distributor of electronic components and consumer and enterprise IT products in Asia. It also diversified its businesses into printing and managed print services, medical devices assembly and distribution, hospita
Slide 6: Strong Asia Pacific Presence Extensive Distribution Network
Strong Asia Pacific Presence The Group’s offices and 20 13 800 Employees Offices and Warehouses in Asia Pacific representations Representations Extensive Distribution SINGAPORE CHINA INDIA JAPAN MALAYSIA Network • (Headquarter) • North China* • Bangalore • Tokyo • Penang Beijing • New Delhi • Kuala
Slide 7: Operational Excellence
Operational Excellence IT infrastructure to support our business model South Korea Shanghai Hong Kong Taiwan Thailand Shenzhen Malaysia Singapore (HQ) Philippines 9 Product Distribution Demand Creation VMI/JIT/Consignment/ ERP and EDI Links Centers, 4 Third Party Tracking System & Same SAP platform
Slide 8: Electronic Components Distribution
Electronic Components Distribution Partnering Leading Suppliers … more than 90 Franchised Product Lines in Serial System Group 8
Slide 9: Consumer Products Distribution
Consumer Products Distribution Consumer and Enterprise IT Products ▪ Serial Achieva Limited, a 77.64%-owned subsidiary of Serial System Ltd, successfully completed the reverse takeover of Axington Inc., listed on the Catalist Board of SGX ▪ Acquired equity interests: 100% in Achieva Technology Sdn.
Slide 10: Consumer Products Distribution: Printing and Managed Print Services
Consumer Products Distribution Printing and Managed Print Services Swift-Value Business Pte. Ltd. (100% equity interest) Print-IQ Singapore Pte. Ltd. (91.43% equity interest) ▪ Major suppliers include Kyocera, Hewlett-Packard (HP), Epson and Canon products and also ▪ Print-IQ Singapore Pte. Ltd., is
Slide 11: Other Businesses
Other Businesses Serial MultiVision Pte. Ltd. (100% equity interest) ▪ Hospitality and Healthcare solutions ▪ Leading player in the hospitality and healthcare solutions space with a remarkable 90% coverage across hospitals in Singapore ▪ Healthcare solutions offer integrated systems for inpatient an
Slide 12: Financial Results
FINANCIAL RESULTS eoee5ee eoveee
Slide 13: Snapshot of FY2024 Performance
Snapshot of FY2024 Performance US$’000 FY2024 FY2023 Change (%) Sales 788,663 758,951 4 Gross Profit 58,493 58,830 -1 Gross Profit Margin (%) 7.4 7.8 -0.4 ppt Net Profit/(Loss) After Tax 516 (14,831) NM (Attributable to equity holders of the Company) EPS/(LPS) - fully diluted (US cents)(1) 0.06 (1.6
Slide 14: FY2024 Highlights
FY2024 Highlights ❑ Revenue in FY2024 increased 4% year-on-year to US$788.7M from US$759.0M in FY2023 ▪ Turnover for the electronic components distribution business increased by 1%, due to higher sales by Hong Kong and China as a result of increase in demand from the mobiles, household appliances, n
Slide 15: Revenue Trend
Revenue Trend Revenue (US$' million) 1,600 1,527 1,492 1,403 1,400 1,222 1,200 2% 1,036 1,000 6% 907 896 817 792 1% 15% 759 789 800 -48% 731 658 18% -16% 616 600 545 27% 22% 4% 24% 414 382 370 389 375 400 354 -8% 315 7% 228 186 184 183 13% 6% 200 92 43% 44 1% 8% - 15
Slide 16: Profitability
Profitability Gross Profit & Gross Profit Margin (US$' million) 10.0% 9.5% 140.0 9.3% 9.3% 9.0% 8.7% 9.0% 7.8% 8.1% 8.1% 8.0% 120.0 7.5% 13% 7.8% 8.0% 7.4% 7.5% 7.4% 7.4% 7.0% 6.9% 6.8% 7.0% 118.6 100.0 90.4 91.5 6.3% 97.4 105.1 6.0% 8% 80.0 73.5 -54% 73.0 73.8 5.0% 62.6 6% 1% 58.8 58.5 57.5 60.0 54
Slide 17: Profitability
Profitability Net Profit & Net Profit Margin (US$' million) 20.0 3.0% 18.0 2.2% 16.1 17.7 16.0 44% 1.6% 85% 2.0% 14.0 1.6% 1.4% 12.0 1.2% 1.4% 11.0 1.2% 1.2% 12.0 9.6 1.0% 10.0 10.1 110% 11.1 1.0% 8.0 11.2 0.9% 0.6% 4,181% 7.9 0.3% 8.0 6.0 -31% 0.04% 41% -55% 0.1% 4.0 -21% -142% 59% 5.7 0.0% 4.6 2.0
Slide 18: Profitability
Profitability EBITDA (US$' million) 50.0 44.8 40.0 30.8 64% 30.0 27.4 -47% 26.0 24.4 23.7 22.0 -15% 12% 20.8 20.2 19.9 20.0 18.9 -6% -44% 16.3 40% 13.2 13.2 13.3 17% 58% 9.6 97% 10.0 462% 6.8 6.7 -5% -54% 2.9 3.1 -2% -69% - FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 1
Slide 19: Financial Position
Financial Position US$’ million 31/12/24 31/12/23 31/12/22 Current Assets 349.7 341.7 398.3 Current Liabilities 274.0 254.2 300.2 Current Ratio 1.3 1.3 1.3 Shareholders’ Equity 133.4 131.8 148.6 Net Borrowings 133.6 157.2 168.2 Net Gearing Ratio 100% 119% 113% Trade Receivable Turnover (days) 78 82
Slide 20: Dividend Yield
Dividend Yield FY22 0.11 1.2% 0.22 0.45 6.0% FY21 0.11 1.3% Total Dividend Payout (In Cents (SGD)) FY20 0.22 0.13 4.3% FY19 0.40 1.00 0.46 21.9% FY18 FY17 0.29 0.46 4.6% 0.18 0.17 2.4% FY16 FY15 0.35 0.50 6.3% FY14 0.30 0.75 8.0% FY13 0.24 0.25 0.30 6.3% FY12 0.22 0.30 5.0% FY11 0.30 0.16 0.33 7.9%
Slide 21: Outlook
OUTLOOK eoee5ee eoveee eo5eeee
Slide 22: Industry Outlook
Industry Outlook Bright Spots ▪ Rising global demand for artificial intelligence, new energy and electric vehicle applications ▪ China’s push for semiconductor self-sufficiency to create new partnership opportunities and boost business growth with existing Chinese semiconductor suppliers Challenges
Slide 23: Group Outlook
Group Outlook • The Group’s electronic components distribution business will focus on the AI, new energy and electric vehicle sectors • The Group’s consumer products distribution business will continue to expand its range of product offerings and enhance its portfolio in gaming, cloud storage and AI
Slide 24: Forward-looking statements disclaimer
The presentation herein may contain forward-looking statements by the management of Serial System Ltd (“Serial System”) that pertain to expectations for financial performance of future periods versus past periods. Forward–looking statements involve certain risks and uncertainties because they relate
Slide 25: Thank You
Thank You Serial System Ltd 8 Ubi View #05-01 Serial System Building Singapore 408554 Tel: (65) 6510 2408 Fax: (65) 6547 1462 ecomm@serialsystem.com 25