Plover Bay Technologies Ltd. · HKEX:1523
Plover Bay Technologies — FY2019 Earnings Presentation
15 slides from Plover Bay Technologies's earnings presentation, February 2020
Slide 1: 2019 Results Presentation
Plover Bay Technologies Limited (1523 HK) February 2020 2019 Results Presentation 0
Slide 2: Disclaimer
Disclaimer Plover Bay Technologies Limited is incorporated in the Cayman Islands with limited liability. The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice, its accuracy is not guaranteed and it may not
Slide 3: Who We Are?
Who We Are? We provide Unbreakable Connectivity Anytime Anywhere ▪ Founded in 2006 and listed in July 2016 on Stock Exchange of Hong Kong ▪ Develop and market enterprise networking products under “Peplink”, “Pepwave” and integrated cloud platform ▪ SpeedFusion – Unique capability to combine multiple
Slide 4: Our Capabilities
Our Capabilities SpeedFusion combines Wireless first – reliable multiple wired and wireless wireless routers enable links to form a high-speed, enterprise workloads in a wide highly resilient and secure range of situations, including connection on vehicles and ships Unbreakable connectivity Cloud ma
Slide 5: 5G: Enlarging wireless connectivity market
5G: Enlarging wireless connectivity market Draw factors for enterprise Issues holding back companies wireless adoption in 5G-era from adopting wireless 5G Promises Potential issues ▪ Bandwidth and latency that matches ▪ Common perception that mobile network is fiber… without fiber’s last-mile proble
Slide 6: Making 5G wireless enterprise happen
Making 5G wireless enterprise happen Seamless end-to-end Unbreakable Connectivity solutions from 5G-ready proven reliability with routers, cloud and SIM multiple mobile connections management, warranty and support Cloud management eases the management and support of a large number of enterprise bran
Slide 7: Business Outlook: Key initiatives in 2020
Business Outlook Key initiatives in 2020 ▪ Launch of FusionSIM, a technology that enables instant injection of SIM cards from cloud to any device, simplifying FusionSIM the deployment of wireless enterprise networks ▪ Launch of PrimeCare subscription: one single subscription for router device, cloud
Slide 8: Financial Highlights
Financial Highlights Financial year ended 31 December 2018 2019 Change (USD’000) Revenue 41,806 45,910 +10% Gross profit 26,189 28,774 +10% Operating expense, Other income (13,976) (14,780) +6% & Finance cost Profit before tax 12,213 13,994 +15% Reported net profit 10,620 12,089 +14% Gross profit ma
Slide 9: Revenue Analysis
Revenue Analysis Revenue by product (USD million) Software licenses Others 5% Wired Asia 2% 45.9 2.1 17% 41.8 Warranty & 4% SD-WAN 14% 2% 1.8 20% 15% 37.1 support 11.3 25%23% 9.5 6.7 28.4 Segment Region North 21.9 5.2 Breakdown Breakdown America 24.7 (2019 outside) 24%25% (2019 outside) 58% 3.9 21.4
Slide 10: Gross Margin Analysis
Gross Margin Analysis Gross profit by product Segment Gross Profit Margin (USD million) Warranty & 28.8 92.3% support and 89.3% 90.2% SW licenses 26.2 2.1 87.3% 93.3% 23.0 1.8 10.4 17.9 8.7 5.9 12.7 67.1% 67.5% 68.1% 4.5 66.4% Wired SD- 3.4 WAN 61.6% 10.5 10.3 11.4 7.1 63.3% 61.9% 62.6% Overall GPM
Slide 11: Operating Expenses Analysis
Operating Expenses Analysis Year ended 31 December USD’000 Percentage of revenue 2018 2019 2018 2019 Selling & distribution expenses 2,107 2,411 5.0% 5.3% Admin expenses 4,814 5,537 11.5% 12.1% R&D expenses 7,318 7,221 17.5% 15.7% Total operating expenses 14,239 15,169 34.1% 33.0% Total staff cost (
Slide 12: Net profit, EPS and Dividend
Net profit, EPS and Dividend For the year ended 2018 2019 Net profit (USD million) Profit before tax 12,213 13,994 12.1 Pretax operating margin 29.2% 30.5% 10.6 Income tax (1,593) (1,902) Effective tax rate 13.0% 13.6% Net profit 10,620 12,089 2018 2019 EPS data (US cents) Dividend per share Basic E
Slide 13: Cash Flow and Balance Sheet Summaries
Cash Flow and Balance Sheet Summaries Cash Flow Statement Summary 2018 2019 Year ended 31 December (USD’000) Cash flows from operating activities 19,491 15,951 Cash flows from investing activities 5,822 (777) Cash flows from financing activities (8,078) (13,094) Balance Sheet Summary 2018 2019 At 31
Slide 14: Investment Highlights
Investment Highlights Revenue Core net profit (USD million) 45.9 (USD million) 12.1 41.8 10.6 37.1 8.8 28.4 6.5 21.9 4.4 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 ▪ Consistent revenue growth ▪ Strong profitability and return on equity ▪ Efficient and scalable business model ▪ Increasing recu
Slide 15: Enquiries
Enquiries: Christopher Tse Phone: +852 2990 7667 Chief Financial Officer Email: Christophert@ploverbay.com
Plover Bay Technologies — FY2019 Earnings Presentation on 6ix