Pax Global Technology Limited · HKEX:327
Pax Global Technology — H1 2017 Earnings Presentation
14 slides from Pax Global Technology's earnings presentation, 2017
Slide 1: 2017 Interim results
PAX Your Payment Partner of Choice 2017 Interim results
Slide 2: Disclaimer
Disclaimer The information contained in these presentation materials has been prepared by PAX Global Technology Limited ( “Company” or “PAX”) solely for use at the presentation to prospective investors for introduction of the Company. By accepting this document, you are agreeing to maintain absolute
Slide 3: Agenda
Agenda 1. 2017 Interim financial highlights & results 2. Full year guidance 2 PAX Global – 2017 Interim results
Slide 4: 2017 Interim financial highlights & results
2017 Interim financial highlights & results 3
Slide 5: 2017 interim highlights
2017 interim highlights • Interim revenue: HKD 1,606M - YoY change: +20.5% - Overseas market, YoY change: +47.2% • Interim gross profit margin: 41.7% - YoY change: -190 basis points • Interim R&D expenses: HKD 119M - YoY change: +92.1% • Interim profit attributable to the owners of the Company: HKD
Slide 6: Financial results – Revenue by region
Financial results – Revenue by region 1H 2017: HKD 149M 36% USCA 1H 2017: HKD 570M LACIS +55.4% 1H 2016: HKD 96M +146.8% 9% 1H 2016: HKD 231M HKD 1,606M 7% 1H 2017: HKD 105M APAC* +20.5% +22.6% 1H 2016: HKD 85M 16% 32% 1H 2017: HKD 263M 1H 2017: HKD 519M EMEA China -19.2% -12.7% 1H 2016: HKD 326M 1H
Slide 7: Financial highlights – Regional updates
Financial highlights – Regional updates +55.4% USCA (HKD 149M) US: i) PAX is in growth stage ii) Keeps on gaining more new customers -12.7% iii) Will target three market segments: • integrated multilane for large chain stores China (HKD 519M) • new generation cash registers for small to -19.2% i) Ma
Slide 8: Financial results – Operating expenses
Financial results – Operating expenses For the period ended 30 June 2017 For the period ended 30 June 2016 +/- (HKD ‘000) (HKD ‘000) Selling expenses 195,083 125,759 +55.1% Administrative expenses 209,885 132,917 +57.9% R&D expenses 119,290 62,105 +92.1% (included in administrative expenses) • Selli
Slide 9: Financial results – Key balance sheet items movement
Financial results – Key balance sheet items movement As at 30 June 2017 As at 31 December 2016 As at 30 June 2016 Key Items (HKD ‘000) (HKD ‘000) +/- (HKD ‘000) +/- Trade and bills receivables 1,743,572 1,347,446 +29.4% 1,453,756 +19.9% Goodwill 87,026 64,583 +34.8% 69,157 +25.8% Prepayment for land
Slide 10: Full year guidance
Full year guidance 9
Slide 11: FY 2017 guidance
FY 2017 guidance • Topline: +5-15% • Gross profit margin: 40%~42% • Operating profit: approximate the trend as interim 10 PAX Global – 2017 Interim results
Slide 12: Q&A
Q&A 11
Slide 13: Appendix: New products & services
Appendix: New products & services QR 55 E500 • Launched in 1H 2017 • Launching by 2H 2017 • Configured with camera & color screen • Facing small and medium merchants • Target NFC & QR code payment market • Address customers’ need for one-stop payment platform with payment functions Omni-payment gate
Slide 14: Investor relations – IR contacts
Investor relations – IR contacts • Ethan Cheung, Chief Financial Officer • Calvin Pei, Assistant Vice President - Corporate Strategy & Finance • Steven Chen, Assistant Vice President - Corporate Strategy & Finance Email: ir@pax.com.hk TEL: +852 2500 8510 13 PAX Global – 2017 Interim results
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