Qes Group Bhd · MYX:QES
Qes Group Bhd — Q1 2023 Earnings Presentation
28 slides from Qes Group Bhd's earnings presentation, May 22, 2023
Slide 1: QES Investor Briefing Q1-2023
QES INVESTOR BRIEFING Q1-2023 (22 May 2023) Assuring you our best, always © 2023 QES Group Berhad. All rights reserved.
Slide 2: Disclaimer
Disclaimer This Presentation has been prepared by QES Group Berhad and is preliminary in nature and solely for information and discussion purposes and must not be relied upon for any other purpose. The “Presentation” that follows shall mean and include the slides that follow, the oral presentation o
Slide 3: Corporate Vision
Corporate Vision Mission Statement Vision QES is determined to excel in every area of our technology-driven We aim to be the leading integrated products and services and be sustainable. We achieve that by solutions provider serving customers making sure we are customer-centric, continuously developi
Slide 4: Company Overview - Corporate Structure
Company Overview - Corporate Structure DISTRIBUTION DIVISION MANUFACTURING DIVISION 100% 100% 100% 100% QES Intra Pacific QES (Asia-Pacific) QS Instruments QES Sdn. Bhd. Sdn. Bhd. Sdn. Bhd. Manufacturing Sdn. Bhd. 100% 87.7% QES (Thailand) Co., Ltd. QES Technology Philippines, Inc 100% 82.5% 100% 85
Slide 5: Business Overview - Business Segments
Business Overview - Business Segments Distribution Manufacturing Semiconductor Semiconductor Inspection, Test Materials & Analytical Inspection & Automated & Measurement Engineering Instruments Measuring Handling Equipment Solutions Equipment Equipment © 2023 QES Group Berhad. All rights reserved.
Slide 6: Business Overview - Sector & Product Diversity
Business Overview -Sector & Product Diversity Manufacturing ❖ Diversified into 3 core sectors Core Business ❖ Counter cyclical Distribution ❖ Spare parts and service provide strong recurring Spare Parts and Service revenue ❖ Sustainable revenue Electrical & growth Semiconductor Electronics Automotiv
Slide 7: Financial Highlights - Quarterly Results QoQ and YoY
Financial Highlights - Quarterly Results QoQ and YoY For the period ended RM'million Q1'23 Q4'22 QoQ% Mar'23 Mar'22 YoY% Revenue Distribution 51.5 60.1 -14.3% 51.5 60.4 -14.7% - Product 35.0 38.7 -9.6% 35.0 40.6 -13.8% - Materials 3.1 6.6 -53.0% 3.1 9.4 -67.0% - Spares & Service 13.4 14.8 -9.5% 13.4
Slide 8: Financial Highlights – Quarterly Results Comparison
Financial Highlights – Quarterly Results Comparison In RM‘million For Period Ended Q1'23 Q1'23 Mar'23 vs Q1'23 Q1'22 Q4'22 Mar'23 Mar'22 Q1'22 Q4'22 Mar'22 Revenue 57.3 66.3 73.0 -13.6% -21.5% 57.3 66.3 -13.6% PATMI 4.8 6.7 5.4 -28.4% -11.1% 4.8 6.7 -28.4% PATMI Margin 8.4% 10.1% 7.4% 8.4% 10.1% EBI
Slide 9: Financial Highlights – Quarterly Revenue and PBT trend
Financial Highlights – Quarterly Revenue and PBT trend Quarterly Financial Highlights 2020 - 2023 Q1 20.0% 72.0 73.0 18.2% 18.0% 17.1% 66.3 64.2 16.0% 57.3 54.3 14.2% 14.0% 52.6 53.1 51.7 11.9% 11.3% 12.0% 39.8 40.6 38.9 10.3% 10.0% 35.9 9.9% 8.9% 8.3% 9.3% 8.0% 7.7% 6.4% 6.2% 6.0% 13.1 4.0% 9.0 9.4
Slide 10: Financial Highlights – Annual Revenue and PATMI trend
Financial Highlights – Annual Revenue and PATMI trend Financial Highlights 300.0 2019 - 3M 2023 12.0% 264.4 250.0 10.0% 10.0% 222.8 8.5% 8.4% 200.0 8.0% 161.4 155.2 150.0 6.0% 5.6% 100.0 4.0% 57.3 50.0 2.0% 2.0% 26.4 19.0 3.3 8.7 4.8 - 0.0% 2019 2020 2021 2022 3M-2023 Revenue (RM'million) PATMI (RM'
Slide 11: Financial Highlights of FYE23 – 3M cumulative period
Financial Highlights of FYE23 – 3M cumulative period Revenue (RM’million) GP (RM'million) PBT (RM'million) PATMI (RM'million) 66.3 16.9 9.4 57.3 6.7 6.5 4.8 14.8 3M-2022 3M-2023 3M-2022 3M-2023 3M-2022 3M-2023 3M-2022 3M-2023 • Overall revenue decreased due to a drop in sales from both distribution
Slide 12: Financial Highlights – Cash & Cash Equivalents
Financial Highlights – Cash & Cash Equivalents Cash and cash equivalents (RM’million) 85.4 79.4 70.9 70.3 45.7 2019 2020 2021 2022 3M-2023 © 2023 QES Group Berhad. All rights reserved.
Slide 13: Financial highlights – Gearing ratio
Financial highlights – Gearing ratio 170 0.40 159.0 159.8 160 150 0.35 140 135.7 130 0.30 120 117.3 0.28 110 0.25 100 89.1 RM' million 90 0.20 80 0.19 0.20 0.21 70 0.16 0.15 60 50 0.10 40 33.3 28.3 31.4 30 25.0 20 17.0 0.05 10 0 - 2019 2020 2021 2022 3M-2023 Total debts (RM'million) Shareholders’ Eq
Slide 14: Financial highlights – Other ratios
Financial highlights – Other ratios Earnings before Interest, Taxes, Depreciation and Profit attributable to Owners of the Company Amortisation (RM'million) (RM'million) 39.3 26.4 29.0 19.0 15.4 8.7 8.7 8.3 4.8 3.3 2019 2020 2021 2022 3M-2023 2019 2020 2021 2022 3M-2023 Basic Earnings per Share (sen
Slide 15: Analysis: Revenue Breakdown – By Country/Region
Analysis: Revenue Breakdown – By Country/Region 4.8% 3.0% 8.3% 8.5% 9.0% 48.0% 57.8% 50.2% 47.6% 53.4% 49.0% 41.3% 43.4% 37.4% 38.3% 2019 2020 2021 2022 3M-2023 Malaysia ASEAN Others © 2023 QES Group Berhad. All rights reserved.
Slide 16: Analysis: Revenue Breakdown – By Division
Analysis: Revenue Breakdown – By Division 4.4% 11.4% 10.1% 16.2% 13.9% 26.5% 21.1% 23.4% 19.3% 25.8% 69.1% 67.5% 66.8% 66.5% 58.0% 2019 2020 2021 2022 3M-2023 Distribution Division - Product Distribution Distribution Division - Services & Supply of Spare Parts Manufacturing Division © 2023 QES Group
Slide 17: Analysis: Revenue Breakdown – By Industry
Analysis: Revenue Breakdown – By Industry 10.7% 9.3% 11.5% 12.5% 14.5% 17.6% 18.8% 18.9% 24.5% 20.0% 21.9% 23.4% 24.8% 20.3% 25.2% 51.2% 43.9% 45.2% 46.2% 39.6% 2019 2020 2021 2022 3M-2023 Semicon Automotive E&E Others © 2023 QES Group Berhad. All rights reserved.
Slide 18: Analysis: Equipment Installed Base - Cumulative
Analysis: Equipment Installed Base - Cumulative Manufacturing Total QES Group * 441 13,961 422 13,827 450 14,000 400 344 13,500 12,933 350 300 13,000 300 265 12,291 12,500 250 12,000 11,642 200 11,500 150 100 11,000 50 10,500 - 10,000 FY 19 FY 20 FY 21 FY 22 3M-2023 FY 19 FY 20 FY 21 FY 22 3M-2023 *
Slide 19: Resilient in an uncertain economy
Resilient in an uncertain economy - SUSTAINABILITY 1) Diverse Market 2) Geographical spread 3) Strong financials Segments & Products Extensive subsidiaries network ▪ Cash and cash equivalents of > ▪ > 30 years of being a one stop in ASEAN region. specialist in manufacturing, RM 70.3 million as at 31
Slide 20: Corporate Updates
Corporate Updates Event Planned activities and updates QES @ Glenmarie ❖ Had a successful grand opening ceremony in Mar 2023 officiated by MIDA official ❖ Appointed the project consultant for QES @ Batu Kawan on Oct 22 QES @ Batu Kawan ❖ Target ground-breaking by Q3 2023 (slight delay from original
Slide 21: Utilisation of Private Placement Proceeds - Updates
Utilisation of Private Placement Proceeds - Updates As of 31st March 2023 Revised Revised Proposed Actual Expected Utilisation Utilisation Balance Timeframe Purposes RM'000 RM'000 RM'000 for Utilisation (i) Factory capacity expansion 8,200 8,200 - Within 18 months from 30 Oct 2020 (ii) R&D on future
Slide 22: Semiconductor Market Outlook 5-Year
Semiconductor Market Outlook 5-Year Revenue | USD 2021-2026 CAGR +4.5% IDC Semiconductor Market Outlook 23Q1
Slide 23: Semiconductor Market Outlook
Semiconductor Market Outlook © 2023 QES Group Berhad. All rights reserved.
Slide 24: Semiconductor Market Outlook
Semiconductor Market Outlook “Semiconductor sales continued to slip during the first quarter of 2023 due to market cyclicality and macroeconomic headwinds, but month-to-month sales were up in March for the first time in nearly a year, providing optimism for a rebound in the months ahead,” said John
Slide 25: Semiconductor Market Outlook
Semiconductor Market Outlook TECHCET is forecasting continued strong growth for silicon carbide (SiC) wafer through 2023, despite the slowdown in the general global economy and other semiconductor materials markets. This market is expected to grow even further in 2023, reaching 1072k wafers (just ov
Slide 26: ESG Targets and Action Plans - Environmental
ESG Targets and Action Plans Environmental ❖ QES promoting WEEE/ROHS analytical equipment to check and monitor hazardous elements (lead, mercury, cadmium etc) coming 237 metric tons into consumer electronic products.. QES has installed more than 912,209 km 1,600 equipment to ensure compliances of th
Slide 27: ESG Targets and Action Plans - Social Governance
ESG Targets and Action Plans Social Governance ❖ Appropriate checks and balance via separate roles and ❖ Gender and racial diversity within employees. functions of Chairman and Managing Director / Approximately 30% female; 70% male President. employee in the entire Group. ❖ Strong oversight and acco
Slide 28: Thank You
THANK YOU QES Group Berhad Tel: (603) 5882 6668 No 2, Jalan Jururancang U1/21, Fax: (603) 5567 0811 HICOM Glenmarie Industrial Park, Email: investor.relations@qesnet.com Seksyen U1, 40150 Shah Alam, Selangor, Website: www.qesnet.com Malaysia © 2023 QES Group Berhad. All rights reserved.