Analogue Holdings Limited · HKEX:1977
Analogue — FY2023 Earnings Presentation
48 slides from Analogue's earnings presentation, Mar 26, 2024
Slide 1: FY2023 Annual Results Investor Presentation
(Stock Code : 1977) ANALOGUE HOLDINGS LIMITED FY2023 Annual Results Investor Presentation 26 March 2024
Slide 2: Disclaimer
DISCLAIMER Disclaimer • All information including statements, views and opinions contained herein this report, this presentation and accessory discussions whether in writing, orally provided or in any other form (the “Information”) does not constitute an offer of any form for the purposes of any app
Slide 3: Contents
CONTENTS OUTLOOK & COMPANY FINANCIAL BUSINESS GROWTH Q&A OVERVIEW REVIEW REVIEW STRATEGIES 1 2 3 4 5 2 3
Slide 4: Company Overview
COMPANY OVERVIEW A leading E&M Engineering & Technology Over 45 years of operating history with services provider with headquarters in an extensive client portfolio Hong Kong and offices in Macau, Mainland China, Europe and America, and covering diverse sectors including: • One-stop E&M Services to
Slide 5: Key Highlights
KEY HIGHLIGHTS Solid Foundation for Business Going Forward ◼ High contracts-in-hand and active in tendering, especially in Hong Kong & Macau where the markets are strong ◼ Strong recurrent maintenance revenue Broad Base of Business Opportunities in Different Regions Based on New Technology, New Mark
Slide 6: Key Highlights
KEY HIGHLIGHTS Track Record in Talent Development ◼ Edge in competition for talents through long-established training programmes for graduate trainees and apprentices Enhancing ONE ATAL Synergy with New Headquarters ◼ ATAL Tower, the new headquarters, is scheduled to come on stream in 2024 to enhanc
Slide 7: Extensive Market Recognition
EXTENSIVE MARKET RECOGNITION 7
Slide 8: Financial Review
FINANCIAL REVIEW
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS Sustained Market Leading Position Order Intake (HK$’M) Contracts-in-hand (HK$’M) 5,830.1 11,459.6 Revenue (HK$’M) Bank Balances and Cash (HK$’M) 6,132.9 906.4 Profit Attributable to Owners of the Company (HK$’M) Low Gearing Ratio 251.5 15.1% + 119.5% 9
Slide 10: Key Financial Data
KEY FINANCIAL DATA FY2023 FY2022 (HK$’M) (HK$’M) Growth Revenue 6,132.9 6,474.7 (5.3%) Gross profit 833.3 1,011.5 (17.6%) Gross profit margin 13.6% 15.6% (2.0 p.p.) Profit attributable to owners of the company 251.5 114.6 119.5% Basic earnings per share (cents) 18 8 125.0% Dividend per share (cents)
Slide 11: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$’M) 4,257.2 (HK$’M) 5,394.5 3,735.8 4,926.9 1,355.7 1,233.5 1,069.8 947.3 663.4 631.4 378.0 352.6 136.2 132.9 60.9% 22.1% 10.8% 6.2% 65.8% 19.1% 9.8% 5.4% 80.3% 17.5% 83.3% 14.6% 2.2% 2.1% Total: 6,132.9 Total: 6,474.7 Total: 6,132.9 Total:
Slide 12: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31 Dec 2023 31 Dec 2022 (HK$’M) (HK$’M) Current assets 3,721.4 3,519.8 Current liabilities 2,730.1 2,413.5 Bank balances and cash 906.4 976.0 Net current assets 991.3 1,106.3 Total assets less current liabilities 2,409.2 2,398.8 Current ratio 1.4x 1.5x Gearing ratio 15.1%
Slide 13: Stably & Proactively Returning Capital to Shareholders
STABLY & PROACTIVELY RETURNING CAPITAL TO SHAREHOLDERS 8.52 7.25 7.00 5.07 4.50 4.27 3.85 4.02 3.82 1.00 8.92 10.82 11.27 8.77 9.52 FY2019 FY2020 FY2021 FY2022 FY2023 Dividend per share (HK cents) 13
Slide 14: Business Review
BUSINESS REVIEW @ATAL
Slide 15: Building Services: Contracts-in-hand and Segment Revenue
Contracts-in-hand: HK$5,815 million, up 6.9 % Segment Revenue: (HK$’M) 3,975.8 3,430.6 300.4 274.8 4.7 6.6 FY2023 FY2022 Contracting work Maintenance work Sales of goods 15
Slide 16: Building Services: One-stop E&M Services
Largest business segment providing one-stop E&M services (HVAC, FS, P&D, EL and ELV) Institutional Industrial Healthcare Infrastructure Data Centre Residential Commercial New Technology New Market New Business Model Over 50% of building services projects adopted A prime commercial project in Causewa
Slide 17: Signature Projects
SIGNATURE PROJECTS Skycity Commercial Development at Proposed Commercial Development at AIRSIDE, Chek Lap Kok Lot No. 3, Lantau Island New Kowloon Inland Lot No. 6557, Kai Tak Development Kai Tak Development 17
Slide 18: Signature Projects — Universities
SIGNATURE PROJECTS — Universities United College Choi Kai Yau Residence Student Hostel at Shaw Campus of CUHK Capital Development Complex at of CUHK Pokfield Road Site of HKU 18
Slide 19: Signature Projects — Housing Authority
SIGNATURE PROJECTS — Housing Authority Public Housing Developments at Public Housing Development at Public Housing Development at Kai Tak Sites 2B5 & 2B6 Tung Chung Area 109 Ching Hong Road North, Tsing Yi Phase 1 and Phase 2 19
Slide 20: Signature Projects — Housing Society
SIGNATURE PROJECTS — Housing Society Housing Development at Kai Tak Area 1E1 Proposed Mixed Housing Development at Pak Wo Road, FSSTL 264, Fanling, N.T. 20
Slide 21: Signature Projects
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector HKIA Three Runway System Project – North Runway Modification Works 21
Slide 22: Signature Projects
SIGNATURE PROJECTS Great Opportunities in Infrastructure and Healthcare Sector High voltage system installation and data centre fitting-out work for a major data centre service provider at Tseung Kwan O 22
Slide 23: Signature Projects: Greater Bay Area
SIGNATURE PROJECTS Involvement in Greater Bay Area Hong Kong Jockey Club Conghua Racecourse Galaxy Hotel Lot 4, Macau Training Centre Phase I and Phase II, Mainland China 23
Slide 24: Environmental Engineering: Contracts-in-hand and Segment Revenue
Contracts-in-hand: HK$4,165 million Segment Revenue: (HK$’M) 860.5 790.4 450.2 383.7 +9.9% 45.1 59.4 FY2023 FY2022 Contracting work Maintenance work Sales of goods 24
Slide 25: Environmental Engineering Total Solutions
Delivering total solutions covering design, build, operation (DBO) and maintenance of environmental engineering facilities Water Wastewater Sludge Solid Wastes Gas Treatment New Technology New Market New Business Model Advanced technologies and innovative First project in Nepal Public Private Partne
Slide 26: Signature Projects
SIGNATURE PROJECTS In-situ Reprovisioning of Sha Tin Water Treatment Works Term Contract for Inspection, Overhaul and Testing of E&M (South Works) Installations at Stonecutters Island Sewage Treatment Works 26
Slide 27: Signature Projects
SIGNATURE PROJECTS Cheung Chau Sewage Treatment and Disposal Facilities Organic Resources Recovery Centre Phase 1 (O PARK1) 27
Slide 28: Signature Projects
SIGNATURE PROJECTS Design, Build and Operate Food Waste West New Territories (WENT) Landfill Gas New Leachate Treatment Plant for Pre-treatment Facilities at Phase II Development North East New Territories Landfill Sha Tin Sewage Treatment Works Extension (NENTX) 28
Slide 29: Signature Projects
SIGNATURE PROJECTS Maintenance Works in Castle Peak Power Station ATAL Multi-Stages Flocculation Sedimentation III (AMSFS III) x and Black Point Power Station AlgoWater 29
Slide 30: ICBT: Contracts-in-hand and Segment Revenue
Contracts-in-hand: HK$843 million Segment Revenue: (HK$’M) 465.6 453.0 130.2 126.1 +5.1% 67.6 52.3 FY2023 FY2022 Contracting work Maintenance work Sales of goods 30
Slide 31: ICBT: Green and Intelligent Building Solutions
Offering green and intelligent building solutions with integrated ICT and building energy & management technologies to facilitate Hong King’s evolution towards a Smart City Smart Mobility Smart Living Smart Environment Smart People Smart Economy New Technology New Market New Business Model ◼ AI-enab
Slide 32: Signature Projects
SIGNATURE PROJECTS Supply and Installation of BMS for KIL 11262, West Kowloon Supply and Installation of Automatic Vehicle Clearance Support System in Shenzhen Bay Control Point 32
Slide 33: Signature Projects
SIGNATURE PROJECTS Supply and Installation of ELV Systems in Supply and Installation of Access Control Systems in LOHAS Park Phase 13, Tseung Kwan O Taikoo Place 33
Slide 34: Signature Projects
SIGNATURE PROJECTS BMS Upgrade for Three Pacific Place Supply and Installation of CCTV Systems with Video Analytics for Southside Mall, Wong Chuk Hang 34
Slide 35: Lifts & Escalators: Contracts-in-hand and Segment Revenue
Contracts-in-hand: HK$637 million, up 18.0% Segment Revenue: (HK$’M) 189.0 170.2 175.2 162.8 +7.2% 18.8 14.6 FY2023 FY2022 Contracting work Maintenance work Sales of goods 35
Slide 36: Lifts and Escalators: One-stop Solutions
Providing one-stop solutions from design, manufacturing, sales, installation, maintenance and modernisation of lifts, escalators and moving walkways Lifts Escalators Moving Walkways A New Lift and Escalator Vision New Technology New Market New Business Model ◼ Anlev Predictive Maintenance and ◼ Incr
Slide 37: Signature Projects
SIGNATURE PROJECTS ALLEGRO, 138 Carpenter Road, Yu Tak Court, On Muk Street, Porsche Show Room, Hong Kong Kowloon City Shek Mun, Shatin (1st Glazed Vehicle Lift in Hong Kong) 37
Slide 38: Signature Projects
SIGNATURE PROJECTS Design and Construction of Joint-user Government Provision of Universal Accessibility Facilities at Footbridges, Office Building in Tseung Kwan O Elevated Walkways and Subways 38
Slide 39: Signature Projects
SIGNATURE PROJECTS Automated Parking System at the Junction of Automated Parking System in Hoi Shing Road and Hoi Kok Street, Tsuen Wan Kai Tak Inland Revenue Tower 39
Slide 40: Signature Projects
SIGNATURE PROJECTS Victoria Riverside, Iconic and Prestigious Residential Project Mixed-use Residential Building, Canada in Manchester, United Kingdom 40
Slide 41: Signature Projects
SIGNATURE PROJECTS Residential and Heavy-duty Lifts, Singapore 41
Slide 42: Signature Projects
SIGNATURE PROJECTS Mass Transportation, Brazil Hotels in Monterrey, Mexico 42
Slide 43: Maintenance Business
MAINTENANCE BUSINESS Generate Recurring Revenue FY2023 FY2022 Contribution to the FY2023 HK$1,069.8M HK$947.3M + 12.9% Group’s revenue 17.5% + 2.9 p.p. Housing Authority Maintenance Contract for Hong Kong Zhuhai ◼ 3-year Term Maintenance Contracts for Macao Bridge Hong Kong Port and Fire Service Ins
Slide 44: Outlook & Growth Strategies
THANK OUTLOOK YOU & GROWTH STRATEGIES
Slide 45: Market Opportunities
MARKET OPPORTUNITIES Geographical Advantages ◼ Strategically positioned for greater business opportunities in the Greater Bay Area with headquarters in Hong Kong ◼ Diversify operations with offices in Europe and Americas, as well as distributors around the world Infrastructure ◼ Annual construction
Slide 46: New Chapter of Growth
NEW CHAPTER OF GROWTH New Technology ◼ Apply new technologies across business segments ◼ Investments in new technologies, construction methods, and robotic solutions improve productivity, safety, and quality ◼ Potential in advanced food waste treatment technology and aim to contribute to sustainable
Slide 47: Q&A
Q&A
Slide 48: Thank You
THANK YOU