Slide 1: 1H 2024 Results Presentation
1H 2024 Results Presentation 6 August 2024
Slide 2: Performance on track
Performance on track Revenue (S$’M) Net profit (S$’M) Margin (%) Revenue improved on a Net profit rose from 1Q24 to The Group maintained a strong sequential basis from 1Q24 to 2Q24 in line with higher net profit margin of 8.9% for 2Q24, led by majority of our revenue. 2Q24. tech domains. +7.6% +5.7%
Slide 3: Revenue growth driven by majority of tech domains
Revenue growth driven by majority of tech domains Revenue (S$’M) +7.6% QoQ 717 The sequential quarter growth from 1Q24 to 2Q24 was 667 driven largely by these technology domains: Advanced Industrial Technology, Semiconductor Related Products & Modules, Test & Measurement Instrumentation and Networki
Slide 4: Healthy cash flow and a strong balance sheet
Healthy cash flow and a strong balance sheet Cash generated from Venture continued to generate strong operating cash flow, led operating activities for 1H 2024 by the strength of its underlying business, as well as proactive management of working capital. S$302.3 million +4% YoY Net cash position Ne
Slide 5: Proactive management drove improvement in working capital position
Proactive management drove improvement in working capital position Our working capital position improved by S$143.4 million from 31 Dec 2023 to 30 Jun 2024, reflecting successful efforts in reducing inventories and optimising working capital. S$’m 30 Jun 2024 31 Dec 2023 Improvement Inventories 750.
Slide 6: Financial Review
Financial Review
Slide 7: 1H 2024 financials
1H 2024 financials Venture achieved a higher net profit margin of 8.9% for the first half of 2024, driven by our differentiated capabilities and a tight focus on cost optimisation. S$’m 1H 2024 1H 2023 YoY (%) Revenue 1,384.2 1,582.2 (12.5) Profit before tax 154.5 171.4 (9.9) PBT Margin (%) 11.2 10.
Slide 8: Balance sheet as at 30 June 2024
Balance sheet as at 30 June 2024 Our balance sheet remains strong, with higher cash balances and net asset value per share. S$’m 30 Jun 2024 31 Dec 2023 Cash & Bank Balances 1,190.8 1,056.3 Net Current Assets 1,920.1 1,908.5 Net Non-Current Assets 933.5 929.3 Total Net Assets 2,853.6 2,837.9 Accumul
Slide 9: Interim Dividend
Interim Dividend
Slide 10: Strong dividend track record
Strong dividend track record The Board of Directors have declared an interim dividend of 25 cents per share for 1H 2024, similar to the 1H 2023 dividend. Book Closure Date: 2 September 2024 Payment Date: 12 September 2024 75 75 75 75 70 70 60 50 Total DPS (S$ cents) 50 50 50 50 50 50 Final Dividend
Slide 11: Outlook
Outlook
Slide 12: Outlook
Outlook For the first half of 2024, Venture delivered on its target of sequential revenue growth from 1Q 2024 to 2Q 2024. The Group remains proactive in pursuing multiple initiatives to further improve our performance in the second half of 2024. These include the onboarding of new customers, new pro
Slide 13: Disclaimer
Disclaimer 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 uncertainties and other factors w
Slide 14: Thank you
Thank you For more information, please contact: Mr Jason Lim Head, Investor Relations, Corporate Communications & Sustainability Tel: +65 6484 8136 | Email: jason.lim-lj@venture.com.sg