Sunpower Group Ltd. · SGX:5GD
Sunpower — FY2014 Earnings Presentation
24 slides from Sunpower's earnings presentation, Feb 13, 2015
Slide 1: FY2014 Result Briefing
FY2014 Result Briefing 13 Feb 2014
Slide 2: Disclaimer
Disclaimer Any statements regarding the potential future performance of the Group are based upon a range of assumptions which Sunpower’s management, from their experience, believe are reasonable. However, these statements are estimates only and no assumption can be guaranteed. Any differences betwee
Slide 3: Presentation Outline
Presentation Outline Corporate Overview FY2014 Results Highlights Growth Strategies & Plans Investment Merits Questions and Answers
Slide 4: Corporate Overview
Corporate Overview Dat 852 SUNPOWER GROUP LTD
Slide 5: Corporate Overview
Corporate Overview Established in 1997, listed on SGX in 2005. A leading EPC supplier for energy-saving and energy efficiency related business, namely as Heat Exchanger and Pressure Vessel, Heat Pipe and Heat Pipe Exchanger, Pipe Supports and Energy-Saving & Environmental Protection Systems. W
Slide 6: Business Model
Business Model Products & Services Provided MNCs Customers BP BASF Mobil CTCI CNPC Technip Heat Exchanger Shenhua SINOPEC and Pressure Vessel Pipe Supports CREC CNOOC Dupont Flour Dow Uhde Heat Pipe and Heat Pipe Samsung Alcoa Exchanger Celanese Bayer FosterWheeler Sasol TOYO Shell Energy-Saving and
Slide 7: Patents
Patents 119 Heat Pipes and Heat Pipe Exchangers Heat Exchangers and Pressure Vessels 54 25 Pipe Supports 17 Energy Saving and Environmental Protection Systems 23
Slide 8: Growth Drivers
Growth Drivers Chinese government has formally issued the new environmental protection law recently which would make many companies continue to increase investment in environmental protection in the future. Chinese government still makes efforts to achieve the localization of the key technology
Slide 9: FY2014 Results Highlights
FY2014 Results Highlights Dat 852 SUNPOWER GROUP LTD
Slide 10: FY2014 Result Highlights
FY2014 Result Highlights Revenue decreased 5.2% to RMB1,235.2 million. Pre-tax profit increased 5.7 % to RMB72.0 million. PATMI increased 4.2 % to RMB56.1 million. Gross profit margin increased from 21.3% to 21.9%.
Slide 11: FY2014 Result Highlights
FY2014 Result Highlights The Group’s revenue decreased by RMB 67.4 million or 5.2% from RMB 1,302.6 million in FY2013 to RMB 1,235.2 million in FY2014 mainly due to the decrease in revenue from the Heat Exchangers and Pressure Vessels segment of RMB 159.3 million which outweighed the increase in E
Slide 12: Profit & Loss Highlights
Profit & Loss Highlights RMB (million) FY2014 FY2013 % Change Revenue 1,235.2 1,302.6 -5.2 Gross Profit 270.4 278.1 -2.7 Pre-tax Profit 72.0 68.2 5.7 PATMI 56.1 53.8 4.2 Gross Margin 21.9% 21.3% 0.6pp PATMI Margin 4.5% 4.1% 0.4pp EPS (RMB cents) 15.11 16.36 -7.6
Slide 13: Profit & Loss Highlights
Profit & Loss Highlights RMB (million) 1302.6 1400 1235.2 -5.2% 1200 1000 FY2013 800 FY2014 600 400 5.7% 4.2% 68.2 72.0 53.8 56.1 200 0 Revenue Pre-tax Profit PAMIT
Slide 14: Revenue Composition
Revenue Composition Heat pipes and heat pipe exchangers Pipe supports Heat exchangers and Pressure vessels Energy saving and environmentalprotection systems 15.2% 14.0% 10.6% 11.4% 18.6% 9.6% 55.6% 65.0% FY2014 FY2013
Slide 15: Balance Sheet Summary
Balance Sheet Summary RMB (million) FY2014 FY2013 % Change Trade Receivables 1,058.6 1,162.7 -9.0% Inventories 265.3 252.3 5.2% Total Current Assets 1,573.3 1,690.8 -7.0% Non Current Assets 350.0 347.3 0.8% Current Liabilities 1,225.0 1,438.8 -14.9% Equity 695.5 596.8 16.5% Total Liabilities & Equit
Slide 16: Financial Review
Financial Review The Group’s total current assets decreased by RMB 117.5 million or 7.0% from RMB 1,690.8 million as at 31 December 2013 to RMB 1,573.3 million as at 31 December 2014. The decrease was mainly due to: a) Decrease in cash and cash equivalents of RMB 8.3 million; b) Decrease in pledged
Slide 17: Financial Review
Financial Review The Group’s total current liabilities decreased by RMB 213.8 million or 14.9% from RMB 1,438.8 million as at 31 December 2013 to RMB 1,225.0 million as at 31 December 2014. The decrease was mainly due to: a) Decrease in trade payables of RMB 143.5 million largely due to a fall in cu
Slide 18: Cash Flow Highlights
Cash Flow Highlights RMB (million) FY2014 FY2013 From Operating Activities 27.2 17.2 From Investing Activities -51.6 -72.9 From Financing Activities 16.1 32.6 Net Cash Flow (outflow) 110.5 118.8
Slide 19: Growth Strategies & Plans
Growth Strategies & Plans Dat 852 SUNPOWER GROUP LTD
Slide 20: Growth Strategies & Plans
Growth Strategies & Plans Increase the R&D investment especially in some new promising industries. Expands to more business such as industrial wastewater treatment, air pollution control and related industries with the product structure’s adjustment and optimization, new business mode including
Slide 21: Order book Update
Order book Update RMB (million) 1600 1,335 1,290 1,360 1400 1,160 1,120 1,130 1,120 1200 1000 800 600 400 200 0 Feb.12 Aug.12 Feb.13 Aug.13 Feb.14 Aug.14 Feb.15
Slide 22: Investment Merits
Investment Merits Dat 852 SUNPOWER GROUP LTD
Slide 23: Investment Merits
Investment Merits A leading player with high reputation and brand recognition in energy-saving & environmental protection and related industries. Long term demands for energy-saving and environmental protection industry as a result of worldwide low carbon economy wave and the policy of sustainab
Slide 24: Questions & Answers Thank you!
Questions & Answers Thank you!