Nordic Group Limited · SGX:MR7
Nordic — FY2022 Earnings Presentation
17 slides from Nordic's earnings presentation, Apr 5, 2023
Slide 1: FY2022 Results Presentation
Building Momentum, Capturing Opportunities FY2022 Results Presentation 5 April 2023
Slide 2: Disclaimer
Disclaimer • This presentation (this “Presentation”) has been prepared by Nordic Group Limited (“Nordic” or the “Company”) for information purposes only and has not been independently verified. It is not the intention to provide, and you may not rely on this Presentation as providing, a complete or
Slide 3: Financial Highlights for FY2022
Financial Highlights for FY2022 Revenue Net profit EBITDA $162.8 ↑58% $20.9m ↑50% $31.6m ↑66% FY21: $103.1m FY21: $13.9m FY21: $19.0m GPM NPM EBITDA margin 28% ↑1 ppt 13% ↓1 ppt 19% ↑1 ppt FY21: 27% FY21: 14% FY21: 18% Order book EPS NAV per share $232.5m 5.3 cents 27.5 cents ↑47% ↑9% as at 31 Dec 2
Slide 4: Financial Review: Income Statement Highlights
Financial Review Income Statement Highlights Unaudited Unaudited Unaudited Audited S$'000 Change (%) Change (%) 2H2022 2H2021 FY2022 FY2021 Revenue 82,995 53,893 54 162,758 103,065 58 Gross Profit 22,699 13,809 64 45,746 27,798 65 Gross Profit Margin 27.3 25.6 1.7 ppts[1] 28.1 27.0 1.1 ppts Net Prof
Slide 5: Financial Review: Revenue, GP, NP, EBITDA Margins
Financial Review Revenue, GP, NP, EBITDA Margins 180 35 33 31 162.8 160 30 28 28 27 140 26 26 25 25 24 25 23 120 22 22 20 20 103.1 100 90.1 91.7 20 18 17 17 17 15 19 16 16 81.9 84.6 80 80.5 80.8 72.4 15 13 16 16 13 94.6 66.2 12 60.3 11 60 48.4 13 49.8 10 9 10 8 41.6 39.3 9 53.5 50.1 7 40 4 58.9 60.5
Slide 6: Financial Review: Balance Sheet Highlights
Financial Review Balance Sheet Highlights Unaudited as Unaudited as S$'000 at 31 Dec 2022 at 31 Dec 2021 Current Assets 139,083 127,057 Non-current Assets 98,726 65,209 Current Liabilities 102,537 85,932 Non-current Liabilities 25,256 8,699 Total Equity 110,016 97,635 Cash and Cash Equivalents 55,91
Slide 7: Financial Review: Borrowings and Net Gearing
Financial Review As at end of S$’000 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 9M2022 FY2022 Total 25,320 32,155 28,085 46,612 48,807 44,069 45,873 60,262 80,443 72,107 Borrowings Cash and Cash 32,799 35,566 32,325 40,291 39,232 43,200 57,512 75,337 45,296 55,915 Equivalents Net (15,07
Slide 8: Order Book
Order Book (S$m) 270 232.5 220 166 170 139.5 120 98.7 92.7 92 89 105.6 70 48.3 48 42.9 61.4 93.0 50.4 44.7 49.1 60.4 20 30 30.9 39.2 21.6 27.6 19.4 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 -30 - Project - Maintenance Note: The order book from FY2011 to FY2016 does
Slide 9: Contracts Win
Contracts Win April 5, 2023 - Total value: S$22.6 m ➢ System Integration: manufacture of valves and actuators, control and tank gauging systems and maiden contribution of E&I work from a new customer ➢ Precision Engineering: capital contracts for machining and mechanical assembly ➢ Scaffolding and i
Slide 10: Revenue Contribution by Services
Revenue Contribution by Services FY2019 FY2020 FY2021 FY2022 18.7, 5.7, 13.4, 13% 7% 27.7, 17% 12% 12.5, 15% 16.7, 20% 23.6, 23% 20.1, 25% 15.0, 18% 25.2, 15% 21.1, 20% 16.0, 19% 13.1, 16% 13.9, 14% 45.1, 28% 15.4, 9% 13.3, 15% 10.4, 13% 17.2, 12.1, 12% 19.0, 18% 13.5, 11% 22.0, 26% 9.7, 12% 11.1, 1
Slide 11: Revenue Contribution by Industry
Revenue Contribution by Industry FY2019 FY2020 FY2021 12M2022 14% 17% 12% 16% 20% 17% 20% 26% 1% 4% 3% 18% 18% 10% 7% 16% 25% 1% 4% 16% 1% 4% 2% 5% 2% 38% 10% 4% 3% 10% 4% 31% 4% 5% 8% 2% 1% 1% Reclassification of 4% was done from EMS to Onshore/Downstream Semiconductor in 12M2022 for Precision Mari
Slide 12: Dividends Paid
Dividends Paid Final / Interim / Amount per Total annual Payment date Financial Year Payout ratio Special share (cents) dividend (cents) May 17, 2023 2022 Final (proposed) 0.906 40% Sep 2, 2022 2022 Interim 1.162 2.068 40% May 17, 2022 2021 Special 0.152 10% May 17, 2022 2021 Final 0.608 40% Sep 3,
Slide 13: Dividend Per Share and Dividend Yield
Dividend Per Share and Dividend Yield Dividend yield (%) and dividend per share (cents) 7.000 5.87 6.000 5.000 4.53 4.52 4.60 4.24 4.000 2.94 2.98 2.87 2.78 3.000 2.55 2.48 2.36 2.34 2.068 2.000 1.740 1.526 1.268 1.132 1.050 0.848 1.000 0.530 0.500 0.549 0.250 0.250 0.250 0.000 2010 2011 2012 2013 2
Slide 14: Nordic's Share Buyback
Nordic’s Share Buyback – renewed on 25 April 2022 AGM CUMULATIVE % OF TOTAL NO MONTH OF ACQUISITION QUANTITY CUMULATIVE VOLUME OF ISSUED SHARES ** Share Buyback by way of Market Acquisition May 2022 263,900 263,900 0.07 VOLUME WEIGHTED AVERAGE PRICE $0.4243 Source : SGX Announcement ** Up to a maxim
Slide 15: Insider Share Purchases
Insider Share Purchases 9 November 2010 – IPO : Director No. of shares held % shareholdings Chang Yeh Hong 200,480,625 50.12% Eric Lin Choon Hin 43,500,000 10.88% Dorcas Teo Ling Ling 29,000,000 7.25% 272,980,625 68.25% 14 November 2022: Director / Executive Officer No. of shares held % shareholding
Slide 16: FY2022 Corporate Briefing Details
FY2022 Corporate Briefing Details Nordic Group would like to invite you to our corporate briefing where management will provide updates on the corporate developments for the 12 months ended 31 December 2022. Date : 5 April 2023, Wednesday Time : 3pm Venue : 4 Robinson Road #04-01 House of Eden Singa
Slide 17: Thank you for your time
Thank you for your time . 2 Tuas Avenue 10, Singapore 639126 +65 6848 4400 ir@nordicgrouplimited.com www.nordicgrouplimited.com For more information, please contact Financial PR Pte Ltd Investor Relations Consultants Building Momentum, Capturing Opportunities Kamal Samuel: kamal@financialpr.com.sg +