Ellipsiz Ltd · SGX:BIX
Ellipsiz — FY2017 Earnings Presentation
28 slides from Ellipsiz's earnings presentation, Aug 21, 2017
Slide 1: 4QFY17 Results Presentation
4QFY17 Results Presentation For Financial Period Ended 30 June 2017 21 August 2017
Slide 2: Safe Harbor
Safe Harbor This presentation and the following discussion may contain forward looking statements by Ellipsiz Ltd ("Ellipsiz") relating to financial trends for future periods. Some of the statements contained in this presentation or arising from this discussion which are not of historical facts are
Slide 3: FY17 Highlights
FY17 Highlights Key Financial Highlights FY17 FY16 Revenue ($ million) 116.7 118.7 NPATNCI ($ million) 8.5 9.6 NPATNCI exclude Specific items (refer to slide 7 for details of Specific Items or SI) ($ million) 9.0 8.2 Basic & Diluted EPS exclude SI (cents) 5.41 4.94 NAV per share (cents) 78.67 76.43
Slide 4: FY17 Financial Performance
FY17 Financial Performance 4
Slide 5: FY17 Results Summary
FY17 Results Summary Results highlights Year on Year S$ million FY17 FY16 Change Revenue 116.7 118.7 (2%) Gross Profit 42.1 41.9 0% Gross Profit Margin 36% 35% 1 ppt Net Profit after Tax & NCI* 8.5 9.6 (11%) Net Profit after Tax & NCI Margin 7% 8% (1 ppt) Basic EPS (cts) 5.09 5.74 (11%) Diluted EPS
Slide 6: FY17 Results Summary (excluding specific items)
FY17 Results Summary Year on Year Results highlights FY17 FY16 S$ million (excl SI) (excl SI) Change Revenue 116.7 118.7 (2%) Gross Profit 42.1 41.9 0% Gross Profit Margin 36% 35% 1 ppt Net Profit after Tax & NCI 9.0 8.2 10% Net Profit after Tax & NCI Margin 8% 7% 1 ppt Basic EPS (cts) 5.41 4.94 10%
Slide 7: FY17 Results Summary: Specific Items
FY17 Results Summary Specific Items (S$ million) FY17 FY16 Gain on liquidation of subsidiary (0.2) - Gain on disposal of an associate (1.2) - Insurance compensation Income (0.4) - Expenses relating to cash offer 0.2 - Capital gain tax on disposal of an associate 0.6 - Impairment of investment on oth
Slide 8: Revenue Trends
Revenue Trends Revenue (S$ million) 200 150 100 124.2 144.5 112.5 118.7 116.7 50 0 FY13 FY14 FY15 FY16 FY17 8
Slide 9: Margin Trends
Margin Trends Margin as % of Revenue 35.7 35.3 36.0 27.0 24.7 9.0 8.1 6.9 7.3 7.8 5.9 6.6 3.8 4.0 4.0 FY13 FY14 FY15 FY16 FY17 Gross Profit Margin Net Profit Margin Net Profit Margin ex-SI 9
Slide 10: NPATNCI Trends
NPATNCI Trends S$ million EPS: 8.15 cts NPATNCI 13.5 NPATNCI ex-SI EPS: 5.74 cts EPS: 5.09 cts EPS: 4.01 cts 9.6 8.5 9.0 EPS: 2.87 cts 8.2 7.4 6.4 6.7 4.8 5.0 FY13 FY14 FY15 FY16 FY17 *FY17 & FY16 EPS based on weighted average of approximately 167 million shares. 10
Slide 11: Revenue Mix
Revenue Mix Revenue (S$ million) FY17 FY16 Change FY17 Probe Card solutions 74.9 76.5 (2%) DSS 36% PCS PCS 64% Distribution & Services solutions 41.8 42.2 (1%) FY16 DSS DSS 36% PCS 64% Total 116.7 118.7 (2%) 11
Slide 12: 4QFY17 Financial Performance
4QFY17 Financial Performance 12
Slide 13: 4QFY17 Results Summary
4QFY17 Results Summary Results highlights Year on Year Sequential S$ million 4QFY17 4QFY16 Change 3QFY17 Change Revenue 29.9 30.2 (1%) 29.5 1% Gross Profit 11.8 11.3 4% 10.4 14% Gross Profit Margin 39% 37% 2 ppts 35% 4 ppts Net Profit after Tax & NCI* 3.9 3.8 3% 2.3 74% Net Profit after Tax & NCI Ma
Slide 14: 4QFY17 Results Summary (excluding specific items)
4QFY17 Results Summary Year on Year Sequential Results highlights 4QFY17 4QFY16 3QFY17 S$ million (excl SI) (excl SI) Change (excl SI) Change Revenue 29.9 30.2 (1%) 29.5 1% Gross Profit 11.8 11.3 4% 10.4 14% Gross Profit Margin 39% 37% 2 ppts 35% 4 ppts Net Profit after Tax & NCI 3.9 3.9 (1%) 1.3 21
Slide 15: 4QFY17 Results Summary: Specific Items
4QFY17 Results Summary Specific Items (S$ million) 4QFY17 4QFY16 3QFY17 Income from an insurance claim (0.1) - (0.3) Gain on disposal of an associate - - (1.2) Capital gain tax on disposal of an associate 0.1 - 0.5 Loss of disposal of JV - 0.1 - Net (income) / expenses (0.0) 0.1 (1.0) 15
Slide 16: Segment Performance
Segment Performance Year on Year Sequential Revenue (S$m) 4QFY17 4QFY16 Change 3QFY17 Change Probe Card 18.5 20.4 (9%) 19.3 (4%) solutions Distribution & 11.4 9.8 16% 10.2 11% Services solutions Total 29.9 30.2 (1%) 29.5 1% 16
Slide 17: Balance Sheet Highlights
ellipnsiz Balance Sheet Highlights
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights Maintaining healthy balance sheet 78.67 76.43 3.2 3.8 2.7 72.67 2.2 70.43 53.8 79.0 83.0 86.3 96.6 40.3 40.0 32.0 35.3 31.0 27.0 25.5 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 Current Assets (S$m) Current Liabilities (S$m) Cash & Cash Equivalents (S$m) Current Ratio NAV per Sh
Slide 19: Balance Sheet Highlights
Balance Sheet Highlights Debt to equity ratio 8% 7% 5% 3% 1% 121.5 127.7 1131.51 116.8 104.5 4.8 9.6 8.3 3.8 1.2 FY13 FY14 FY15 FY16 FY17 Shareholders' Equity (S$m) Total Debt (S$m) Debt/Equity ratio 19
Slide 20: FY17 Capital Expenditure
ellipnsiz FY17 Capital Expenditure
Slide 21: Capital Expenditure
Capital Expenditure Capital Distribution & Services Solutions Expenditure (S$ million) Probe Card Solutions 5.8 4.3 0.9 3.7 3.2 0.6 0.4 2.9 0.2 0.1 4.9 3.7 3.3 3.0 2.8 FY13 FY14 FY15 FY16 FY17 21
Slide 22: FY17 Proposed Final & Final Special Dividends
FY17 Proposed Final & Final Special Dividends 22
Slide 23: Proposed Dividends
Proposed Dividends Proposed a final cash dividend of 2.00 cents per share and a final special cash dividend of 4.50 cents per share subject to the approval by Members at the 22nd Annual General Meeting Books closure date – 30 October 2017, after 5.00 pm Payment date – 21 November 2017 The proposed f
Slide 24: 4QFY17 Business Updates & Outlook
4QFY17 Business Updates & Outlook 24
Slide 25: 4QFY17 Business Updates: Probe Card Solutions
4QFY17 Business Updates Probe Card Solutions • Achieved 4Q revenues of US$13.7 million, up 1% from Q3. • Improving QoQ revenue growth in the US and Japan regions; up by 16% and 8% respectively. • FY17 revenues was US$54.2M. Advanced Trio™ Vertical • Robust production order demand for Multiplexer™ pr
Slide 26: 4QFY17 Business Updates: Distribution & Services Solutions
4QFY17 Business Updates Distribution & Services Solutions • Sales increased by 11% sequentially and 16% year-on- year (y-o-y) to account for about 38% of the Group’s total revenue for 4QFY17. • DSS recorded better sales growth for the quarter as 4Q has traditionally been a better quarter, and its ac
Slide 27: Industry Outlook
Industry Outlook We are cautiously optimistic of our business and financial prospects for the rest of 2017 as market conditions remained mixed and volatile. Worldwide sales of new semiconductor manufacturing equipment are projected to increase by 19.8% to total US$49.4 billion in 2017 and is expecte
Slide 28: Thank you!
Thank you! www.ellipsiz.com Investor Relations Contact: Ong Suat Lian : +65 6518 2200 : ir@ellipsiz.com 28