Qian Hu Corporation Limited · SGX:BCV
Qian Hu — H1 2003 Earnings Presentation
21 slides from Qian Hu's earnings presentation, 2003
Slide 1: 1H 2003 Results - Qian Hu Corporation Limited
1H 2003 Results Qian Hu Corporation Limited
Slide 2: Corporate Highlights
Corporate Highlights Ö Attained IHQ status Ö Obtained CITES II licence for successfully breeding second generation of Arapaima – largest freshwater fish in the world Ö Acquisition of Kim Kang completed Ö Formed a 49% joint venture with Pet Safari to grow distribution and retail business in Malaysia
Slide 3: 1H 2003 Results
1H 2003 Results
Slide 4: Financial Highlights
Financial Highlights 1H03 1H02 Growth 2Q03 2Q02 Growth (S$m) (S$m) (%) (S$m) (S$m) (%) Turnover 33.2 27.8 19.4 17.3 15.3 12.9 EBITDA 5.0 4.4 13.5 2.9 2.6 11.2 Profit after tax 3.3 2.9 11.5 1.9 1.9 3.7 before EI Earnings per 3.14 3.15 - 1.87 2.03 - share (fully cents cents diluted) Return on equity 1
Slide 5: Turnover By Activities
Turnover By Activities 1st Half ended 30 June Plastics & Others Plastics & Others 10% 12% Ornamental Ornamental Fish Fish 39% 43% 51% 45% Aquarium & Pet Aquarium & Pet Accessories Accessories 1H2003 1H2002
Slide 6: Turnover By Regions
Turnover By Regions 1st Half ended 30 June Overseas Overseas 44% 48% 52% Singapore 56% Singapore 1H 2003 1H 2002
Slide 7: Profit By Activities
Profit By Activities 1st Half ended 30 June Plastics & Others Plastics & Others 4% 9% Ornamental Ornamental Fish Fish 40% 46% 45% 56% Aquarium & Pet Aquarium & Accessories Pet Accessories 1H 2003 1H 2002
Slide 8: Profit By Regions
Profit By Regions 1st Half ended 30 June Overseas Overseas 47% 50% 50% 53% Singapore Singapore 1H2003 1H2002
Slide 9: Comparing Q2 vs Q1
Comparing Q2 vs Q1 Q2/2003 Q1/2003 Growth (S$m) (S$m) (%) Turnover 17.3 15.9 8.3 Net Profit 1.9 1.3 48.4
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights 30/6/03 31/12/02 (S$m) (S$m) Total Assets 43.9 43.8 Total Liabilities 13.3 15.5 Total Shareholders’ 30.2 27.9 Funds
Slide 11: Cash Flow Statement
Cash Flow Statement 1H2003 1H2002 (S$m) (S$m) Cash generated from - 2.0 operating activities Cash used in investing (0.8) (0.9) activities Cash generated from (used (0.9) 3.8 in) financing activities Net increase (decrease) in (1.7) 4.9 cash and equivalents Cash and cash equivalent 6.1 6.2 at end of
Slide 12: Inventory & Trade Debtors Turnover
Inventory & Trade Debtors Turnover 30/6/03 31/12/02 Inventory 88 days 88 days Turnover Trade Debtors 62 days 62 days Turnover
Slide 13: Segmental Review
Segmental Review
Slide 14: Ornamental Fish
Ornamental Fish Turnover Operating Growth Profit Growth 2Q03 vs 2Q02 3.9% 42.6% 1H03 vs 1H02 9% 19.4% 2Q03 vs 1Q03 7.3% 117% Ö Higher contributions from Thai Qian Hu and fish division in Guan Guan (Malaysia) Ö Sales to retail outlets in Singapore remain relatively consistent Ö Improved profit due to
Slide 15: Ornamental Fish
Ornamental Fish Ö Successful breeding of the largest freshwater fish in the world – Arapaima ■ On 9 May 2003, our 8 Arapaima bore 187 fry ■ On 12 June 2003, we harvested another 2385 fry ■ Awarded CITES 2
Slide 16: Acquisition of Kim Kang
Acquisition of Kim Kang Ö Acquisition of 65% of Kim Kang Aquaculture completed on 16 July 03 Ö Based in Batu Pahat, Kim Kang is the third largest Dragon Fish exporter with more than 1,000 pieces of Brooder Stock Ö Expect to contribute towards an increase in Group turnover and profit in the current y
Slide 17: Accessories
Accessories Turnover Operating Growth Profit Growth 2Q03 vs 2Q02 26.5% (14.0%) 1H03 vs 1H02 34.4% 7.6% 2Q03 vs 1Q03 10.8% (5.5%) Ö Increased in sales contributions from PRC operations while Singapore experienced lower demands due to SARS impact Ö Dip in profit due to: ■ Keener competition and more p
Slide 18: Accessories
Accessories Ö Focus on Branding for Accessories
Slide 19: Joint Venture: The Pet Safari in Malaysia
Joint Venture: The Pet Safari in Malaysia Ö 49% stake (RM300K) through Guan Guan Ö Pet Safari will run pet supermarts (pets, pet supplies, boarding, grooming, pet food, pet accessories and other ancillary services) in Malaysia ■ Plans to open a 30,000 sq ft one-stop centre in IKEA Power Centre in Da
Slide 20: Fish Nuggets
Fish Nuggets Ö We are a growth company ■ All core activities registered turnover growth ■ IHQ: Recognition from Government that we are a regional and global player ■ Acquisition of Kim Kang will have positive impact on our Group turnover and profitability in 2003 ■ Joint venture with Pet Safari in M
Slide 21: Qian Hu Corporation Limited
1H 2003 Results Qian Hu Corporation Limited