Chin Well Holdings Bhd. · MYX:CHINWEL
Chin Well Holdings Bhd — Shareholder Meeting (November 2023)
8 slides from Chin Well Holdings Bhd's shareholder meeting presentation, Nov 29, 2023
Slide 1: Corporate Presentation: FY23 Results & Corporate Update
Corporate Presentation FY23 Results & Corporate Update 29 November 2023
Slide 2: Background
One of the largest carbon steel fastener producers in the world Founded by Group MD Tsai Yung Chuan in Prai, Penang in 1989, and listed on Main board of KLSE on 1999. Chin Well is today one of the world’s largest suppliers of carbon steel fasteners (Bolts and nuts). Chin Well has production faci
Slide 3: Corporate Structure
Focused on integrated manufacturing and trading of fasteners Asia Angel Holdings Limited 100% 40% 100% 100% 100% 60% Chin Well Fasteners Chin Well Service Chin Herr Industries Chin Well Fasteners Co. Sdn Bhd Centre Sdn Bhd (M) Sdn Bhd (Vietnam) Co., Ltd Trading of screws, nuts, Manufacturing of scre
Slide 4: Industry Updates
Steel Industry Updates China Europe USA Other ASIA • With optimisms on • ADD on carbon steel • USD 1 Trillion for • Tension between property sector, fasteners from infrastructure China and Us steel prices starts China starts 17 Feb approved to boost among Taiwan to climb in Nov 2022 with tax rate lo
Slide 5: FY2023 Operations Review
Group’s revenue reflects market slowing down FY23 fastener revenue decreased by 30% y-o-y to 180.0 Fastener Revenue & ASP Trend 10 160.0 RM345.66mil 140.0 8 • Sales volume had dropped by 32% in the current financial year as 120.0 compared to FY22. 100.0 6 • The demand is reduced reflected the redu
Slide 6: Revenue Analysis: Geographical & Product
Global market shows slowing down 100% FY23 Revenue Segmentation: Product 32% 28% 33% 80% 38% 47% 32.7% 1% 0% 4% yoy 0% 5% 60% 1% 9% 14% 1% Wire 10% 28% 43% 32% 40% 31% 18% RM456.45mil 20% 29% 23% 21% 29% 11% 0% 6% 1% 2% 4% 1% 2019 2020 2021 2022 2023 Fasteners 29.9% Others North America Europe Other
Slide 7: Investment Merits
Expanding product portfolio to serve wider range of clientele… Currently at single-digit valuation Wider product Globally- portfolio established impetus to fastener customer manufacturer expansion Positive trend of Wire products high-margin DIY making headway segment to overseas enhance bottom line
Slide 8: Thank you
Thank you Bloomberg: CWH MK, Reuters: CWHB.KL
Chin Well Holdings — Shareholder Meeting (November 2023) on 6ix