AEM Holdings Ltd. · SGX:AWX
AEM — Q1 2020 Earnings Presentation
15 slides from AEM's earnings presentation, Apr 29, 2020
Slide 1: 1Q2020 Business Performance Presentation
1Q2020 Business Performance Presentation AEM Holdings Ltd
Slide 2: Disclaimer
Disclaimer This is a presentation of general information relating to the current activities of AEM Holdings Ltd (“AEM”). It is given in summary form and does not purport to be complete. The presentation may contain forward-looking statements relating to financial trends for future periods, compared
Slide 3: Executive Summary
Executive Summary Our priority in our Covid-19 response is the safety of our employees and those who work for our customers and suppliers. Many jurisdictions that we have employees in are under some level of social distancing measures and we are in full compliance. Q1 2020 was our best quarter on re
Slide 4: Corporate Profile
Corporate Profile AEM is a global leader offering application specific intelligent system test and handling solutions for semiconductor and electronics companies serving advanced computing, 5G and AI markets Listed on SGX Revenue Profit Before Tax 2018 : S$262.3m 2018 : S$40.0m Market Cap ~S$600m 20
Slide 5: Business & Operational Updates
Business & Operational Updates
Slide 6: COVID-19 and Operations Update
COVID-19 and Operations Update Worldwide business and manufacturing activities continue • No COVID-19 case within AEM employee and Completed Mu-TEST internal contractor populations. acquisition in March 2020 • As a results of the movement restrictions Mu-TEST, Afore, Turku, implemented by the author
Slide 7: Plans and outlook for 2020
Plans and outlook for 2020 Our business is on a solid foundation 1 HDMT platform is in full commercial deployment • The shift to telecommuting, work-from-home and virtual learning has created an increase in demand for semiconductor chips for servers, PCs and notebooks • Continue to see strong orders
Slide 8: Financial Highlights
Financial Highlights
Slide 9: 1Q2020 Financial Highlights
1Q2020 Financial Highlights Best quarter in terms of revenue and profits Revenue PBT PBT Margin PAT 1Q20: S$146.8m 1Q20: S$43.8m 1Q20: 29.9% 1Q20: S$36.1m S$94.1m S$35.8m +14.8ppts S$29.5m +178.5% +449.2% +447.8% 1Q19: S$52.7m 1Q19: S$8.0m 1Q19: 15.1% 1Q19 S$6.6m 9
Slide 10: 1Q2020 Financial Performance
1Q2020 Financial Performance S$’M 180.0 Revenue (Quarterly) Consumables & Services Tools & Machines 146.8 130.0 77.5 (53%) 88.6 80.0 48.6 (55%) 52.7 16.0 (30%) (47%) 30.0 69.3 36.7 40.0 (45%) (70%) -20.0 1Q19 4Q19 1Q20 S$’M Margin 50.0 PBT (Quarterly) 29.9% 32.0% 27.0% 40.0 22.8% 43.8 22.0% 30.0 15.
Slide 11: Profit & Loss Highlights
Profit & Loss Highlights Qtr year-on-year Qtr sequential FY2020 ($'000) 1Q2020 1Q2019 Change % 4Q2019 Change % Guidance Revenue 146,826 52,716 178.5% 88,647 65.6% 360M - 380M Material cost 86,473 32,559 165.6% 44,596 93.9% Staff cost 13,895 8,273 68.0% 17,213 -19.3% Depreciation & amortisation 1,946
Slide 12: Financial Position Highlights
Financial Position Highlights ($'000) 31-Mar-20 31-Dec-19 31-Mar-19 Property, plant and equipment 6,698 6,392 5,865 Right of use assets (“ROU”) 951 2,051 3,651 Intangible assets and goodwill 25,244 16,905 17,510 Cash and cash equivalents 100,241 107,676 54,693 Current assets less current liabilities
Slide 13: Cash Generated and Uses
Cash Generated and Uses S$'M 60.0 44.1 40.0 20.0 2.4 -3.4 6.7 - -20.0 -10.3 -40.0 -60.0 -80.0 1Q2019 2Q2019 3Q2019 4Q2019 1Q2020 Operating profit 9.7 20.5 18.3 28.1 45.3 Changes in working capital and tax -11.8 -10.7 -4.6 18.1 -44.4 Capex -0.9 -0.5 -0.5 -1.4 -0.3 M&A - - - - -8.5 Share buy back -0.2
Slide 14: Summary
Summary Proven ability to innovate and deliver solutions on the global stage • Strategic relationship with the world’s largest semiconductor company for >18 years in developing and manufacturing leading edge test handlers and consumables • AEM has gained recognition within semiconductor customers of
Slide 15: Thank You
Thank You Investor relations contact : Financial PR Pte Ltd Romil SINGH / Reyna Mei Tel: 6438 2990 / Fax: 6438 0064 E-mail: romil@financialpr.com.sg / reyna@financialpr.com.sg