Singapore Exchange Ltd. · SGX:S68
Singapore Exchange — Adampak — Q3 2009 Earnings Presentation
21 slides from Singapore Exchange's earnings presentation, Nov 19, 2009
Slide 1: Adampak Limited Q3FY09 Results Briefing
ADAMPAK LIMITED Q3FY09 Results Briefing 19th November 2009 1
Slide 2: Contents
CONTENTS Q3FY09 AT A GLANCE REVENUE NET PROFIT 9 MONTHS ENDED 30 SEP 2009 AT A GLANCE REVENUE NET PROFIT CASH FLOW, LIQUIDITY & WORKING EFFICICENCY PROFITABILITY & DIVIDEND Q4FY09 OUTLOOK SUPPLEMENTAL FINANCIAL HIGHLIGHTS 2
Slide 3: Quarterly Results Q3FY09
Quarterly Results Q3FY09 3
Slide 4: Q3FY09 at a Glance
Q3FY09 AT A GLANCE QoQ % YoY % In US$'000 Q3FY09 Q2FY09 Variance Q3FY08 Variance Revenue 14,842 13,181 12.6% 14,845 0.0% Gross Profit 4,777 3,923 21.8% 4,688 1.9% Gross profit margin 32.2% 29.8% 31.6% PBT 2,390 1,910 25.1% 2,553 -6.4% PBT margin 16.1% 14.5% 17.2% Net Profit 1,973 1,449 36.2% 2,198 -
Slide 5: Revenue
REVENUE (in US$’000) 15,000 Increase in revenue in Q3FY09: 12,000 . 6% 12 • higher demand from HDD sector • sales to all business sectors 9,000 increase quarter on quarter . 6% 36 14,842 14,845 13,181 6,000 9,651 3,000 - Q1FY09 Q2FY09 Q3FY09 Q3FY08 5
Slide 6: Revenue Distribution by Industry
REVENUE DISTRIBUTION BY INDUSTRY (US$’000) 15,000 1,399 .4% 22 1,143 Q1FY09 Q2FY09 Q3FY09 Q3FY08 YoY USD'000 USD'000 USD'000 USD'000 Change 12,000 1% .3% 3,936 2. 18 HDD 5,346 7,799 8,413 6,914 22% 3,328 Telecom 714 911 1,094 1,602 -32% Other electronics 2,472 3,328 3,936 4,786 -18% % 1,119 .6 Elect
Slide 7: Revenue Distribution by Product Type
REVENUE DISTRIBUTION BY PRODUCT TYPE (US$’000) 52 15,000 32 Q1FY09 Q2FY09 Q3FY09 Q3FY08 YoY USD'000 USD'000 USD'000 USD'000 Change 12,000 6,403 % Labels 5,556 7,112 8,387 9,208 -9% 64 6.1 Die-cuts 4,031 6,037 6,403 5,551 15% 6,037 Others 64 32 52 86 -40% .8% 9,651 13,181 14,842 14,845 0% 9,000 49 4,
Slide 8: Revenue Distribution by Geographical Markets
REVENUE DISTRIBUTION BY GEOGRAPHICAL MARKETS % of revenue 3.5% 2.5% 3.0% 3.7% 3.5% 5.9% 5.0% 5.7% 7.8% Q3FY09 Q2FY09 Q3FY08 QoQ YoY 18.2% 18.0% 19.7% 21.2% USD'000 USD'000 USD'000 Change Change Singapore 1,665 1,625 1,988 2% -16% China 4,816 4,600 4,201 5% 15% Thailand 4,047 3,530 3,832 15% 6% 27.9%
Slide 9: Net Profit
NET PROFIT (in US$’000) 2,400 Higher net profit quarter on quarter 2,000 mainly due to improved sales and gross profit margin 1,600 . 2% Lower net profit year on year mainly 36 due to foreign exchange loss in 1,200 2009 vs. foreign exchange gain in 2,198 1,973 2008 800 2.2 % 1,449 13 400 624 - Q1FY0
Slide 10: Results for 9 Months ended 30 Sep 2009
Results for 9 Months ended 30 Sep 2009 10
Slide 11: 9 Months Ended 30 Sep 2009 at a Glance
9 MONTHS ENDED 30 SEP 2009 AT A GLANCE % In US$'000 2009 2008 Variance Revenue 37,674 42,861 -12.1% Gross Profit 11,200 12,968 -13.6% Gross profit margin 29.7% 30.3% PBT 4,999 6,099 -18.0% PBT margin 13.3% 14.2% Net Profit 4,046 5,294 -23.6% Net profit margin 10.7% 12.4% EBITDA 6,505 7,826 -16.9% 11
Slide 12: Revenue
REVENUE (in US$’000) 50,000 45,000 42,861 9MFY09 9MFY08 % 40,000 37,674 USD'000 USD'000 Change 14,845 Q1 9,651 14,023 -31.2% 35,000 Q2 13,181 13,993 -5.8% 30,000 14,842 Q3 14,842 14,845 0.0% 25,000 37,674 42,861 -12.1% 20,000 13,993 15,000 13,181 10,000 14,023 5,000 9,651 - 2009 2008 Q1 Q2 Q3 12
Slide 13: Revenue Distribution by Industry
REVENUE DISTRIBUTION BY INDUSTRY % of revenue 10.5% 10.2% 9MFY09 9MFY08 % USD'000 USD'000 Change HDD 21,558 19,761 9% 25.2% Telecom 2,719 4,171 -35% 33.9% Other electronics 9,736 14,537 -33% Electronics 34,013 38,469 -12% 7.1% Non-electronics 3,661 4,392 -17% 9.8% 37,674 42,861 -12% 57.2% 46.1% • HD
Slide 14: Revenue Distribution by Product Type
REVENUE DISTRIBUTION BY PRODUCT TYPE % of revenue 0.2% 0.6% 0.4% 0.4% 0.5% 9M 2009 9M 2008 % USD'000 USD'000 Change 35.1% Labels 21,055 27,602 -24% 43.7% Die-cuts 16,471 15,031 10% Others 148 228 -35% 37,674 42,861 -12% 64.4% 55.9% 2009 2008 Labels Die-cuts Others 14
Slide 15: Revenue Distribution by Geographical Markets
REVENUE DISTRIBUTION BY GEOGRAPHICAL MARKETS % of revenue 3.1% 4.4% 5.5% 8.2% 9M 2009 9M 2008 % USD'000 USD'000 Change 18.7% Singapore 4,799 6,630 -28% 21.5% China 12,297 10,608 16% Thailand 10,271 11,029 -7% Malaysia 7,052 9,229 -24% 27.3% Philippines 2,077 3,498 -41% 25.7% Others 1,178 1,866 -37%
Slide 16: Net Profit
NET PROFIT (in US$’000) 6,000 5,294 9M 2009 9M 2008 % 5,000 USD'000 USD'000 Change Q1 624 1,642 -62.0% 4,046 2,198 Q2 1,449 1,454 -0.3% 4,000 Q3 1,973 2,198 -10.2% 3,000 1,973 4,046 5,294 -23.6% 1,454 2,000 1,449 1,000 1,642 624 - 2009 2008 Q1 Q2 Q3 16
Slide 17: Cash Flow, Liquidity & Working Capital Efficiency
CASH FLOW, LIQUIDITY & WORKING CAPITAL EFFICIENCY In US$'000 Q3FY09 Q2FY09 Q3FY08 9MFY09 9MFY08 Net operating cash flow 768 156 910 4,819 5,910 Capex-equipment (507) (195) (206) (742) (435) Free cash flow 261 (39) 704 4,077 5,475 Cash and cash equivalents 10,324 11,370 8,840 10,324 8,840 Current rat
Slide 18: Profitability & Dividend
PROFITABILITY & DIVIDEND Q3FY09 Q2FY09 Q3FY08 9MFY09 9MFY08 Gross Profit Margin 32.2% 29.8% 31.6% 29.7% 30.3% Net Profit Margin 13.3% 11.0% 14.8% 10.7% 12.4% EPS (US cents) 0.74 0.55 0.84 1.53 2.01 Net assets/share (US cents) 13.63 13.30 12.87 13.63 12.87 ROE (annualised) * 15.2% 21.3% ROA (annualis
Slide 19: Q4FY09 Outlook
Q4FY09 Outlook • Business sentiments improved • Economic uncertainties however continue to pose challenges • Cautiously optimistic for Q4FY09 19
Slide 20: Supplemental Financial Highlights - 7 Quarter Trend
SUPPLMENTAL FINANCIAL HIGHLIGHTS - 7 QUARTER TREND Q1FY08 Q2FY08 Q3FY08 Q4FY08 Q1FY09 Q2FY09 Q3FY09 All figures in US$'000 Revenue 14,023 13,993 14,845 12,695 9,651 13,181 14,842 Gross Profit 4,404 3,876 4,688 3,805 2,500 3,923 4,777 Profit Before Tax 1,862 1,684 2,553 1,574 699 1,910 2,390 Net Prof
Slide 21: Thank You
Ep ADAMPAK LIMITED ADAMPAK® THANK YOU