Sam Engineering & Equipment (m) Bhd · MYX:SAM
Sam Engineering & Equipment (m) Bhd — Investor Presentation (August 2022)
27 slides from Sam Engineering & Equipment (m) Bhd's investor presentation, Aug 23, 2022
Slide 1: SAM Engineering & Equipment (M) Berhad Business Presentation
SAM Engineering & Equipment (M) Berhad Business Presentation 23 August 2022 Proprietary information of SAM, all rights reserved Proprietary Information of SAM 1
Slide 2: Safe Harbour Statements
Safe Harbour Statements The information contained in this presentation reflect the views and opinions of the management of SAM Engineering & Equipment (M) Berhad (“SAMEE”) with regard to the sources referenced and is part of the group business update. All sources of information are believed to be fa
Slide 3: Intro of SAM Engineering & Equipment
Intro of SAM Engineering & Equipment Proprietary Information of SAM 3
Slide 4: SAM Engineering & Equipment (M) Berhad (SAMEE)
SAM Engineering & Equipment (M) Berhad (“SAMEE”) FY22 Revenue : RM 1.15B Total workforce > 2,000 Proprietary Information of SAM 4
Slide 5: SAMEE Factory Locations
SAMEE Factory Locations Malaysia Thailand Singapore Special Process Equipment Integration Equipment Integration Engine Cases Prismatic Nacelle Beams Equipment Integration Engine Cases SAMEE Corporate Equipment Integration Engine Cases Proprietary Information of SAM 5
Slide 6: Aerospace Products
Aerospace Products Nacelle Beam Engine Nacelle (Covering for engine) Engine Cases Proprietary Information of SAM 6
Slide 7: Aircraft Programs
Aircraft Programs Single Aisle Aircraft • A220 • A320ceo/neo REVENUE BREAKDOWN • B737 Max BY PROGRAMS (FY22) • C919 Twin Aisle Aircraft 20% • A350 • B777/X RM 252M • B787 15% 65% Regional Aircraft • Embraer E2 190/195 Single Aisle Twin Aisle Others • Bombardier CRJ700/900 • Gulfstream G200 • Dassaul
Slide 8: Equipment Business
Equipment Business Our Equipment business is largely generated from: Semiconductor Storage Devices • Front End • Solid State Drive • Back End • Hard Disk Drive Proprietary Information of SAM 8
Slide 9: Vertical Integration Model
Equipment Business Small/Med Machining PCBA/Wire Harness Vertical Integration Model Large Machining Integration, Assembly & Test Frame/Panel Class 10k Clean Room Assembly OEM Component Proprietary Information of SAM 9
Slide 10: Business Outlook
Business Outlook Proprietary Information of SAM 10
Slide 11: Air passenger travel recovery
Air passenger travel recovery Air Passenger Market - 2022 vs. 2019 (RPKs) 120% 100% 100% 100% 100% 81% 80% 71% 65% 60% 40% 20% 0% Domestic International Total June 2022 Jun-19 Jun-22 Proprietary Information of SAM 11
Slide 12: Recovery of Commercial Aerospace
RecoveryAerospace of Commercial Aerospace Outlook Projected Aircraft Production Rate Year Year (Source: Forecast International, July 2022) Parameters 2020 2021 Airbus Boeing Total Total Deliveries 723 951 2500 Total Net Orders -211 986 1966 2007 2009 2036 1956 1970 2000 1885 Backlog as of December 1
Slide 13: Update on Boeing 737MAX
Update on Boeing 737MAX Current Status Boeing 737MAX ➢ 737Max grounded by Aviation safety authorities in March 2019 ➢ Grounding lifted by FAA in November 2020 ➢ Approved to fly in nearly every country, and since late 2020, the fleet has flown more than one million flight hours ➢ 737MAX inventory bui
Slide 14: Update on Boeing 787
Update on Boeing 787 Status ➢ Deliveries halted by FAA in May 2021 Boeing 787 Dreamliner ➢ Boeing obtained FAA approval to resume deliveries in late July 2022. ➢ Boeing delivered the first 787 to American Airlines on 10 August 2022 following a suspension of shipments that lasted nearly 16 months. ➢
Slide 15: Update on C919
Update on C919 C919 Current Status ➢ 1 August 2022 : C919 jet has completed all the test flights needed to obtain an airworthiness certificate from the Civil Aviation Administration of China (CAAC) ➢ C919’s official launch will likely be held between 2023 and 2024 ➢ To date, COMAC has received 971 o
Slide 16: Semiconductor Equipment Outlook
Semiconductor Equipment Outlook Global sales of total semiconductor manufacturing equipment by OEMs forecasted to • Reach a record $117.5 billion in 2022 (up 14.7% from 2021), and • increase to $120.8 billion in 2023 Proprietary Information of SAM 16
Slide 17: Semiconductor Equipment Outlook
Semiconductor Equipment Outlook Up to 60 new Fabs operating from 2022 to 2025 SEMI (31 May 2022) Knometa Research (24 Feb 2022) • 60 new 300mm semiconductor volume fabs to begin operation from 2022 to 2025 Proprietary Information of SAM 17
Slide 18: Our Expansion into Thailand
Our Expansion into Thailand Proprietary Information of SAM 18
Slide 19: Expansion in Thailand
Expansion in Thailand Phase 1 • Mass production started in Nov 2021 Thailand Proprietary Information of SAM 19 19
Slide 20: Expansion in Thailand
Expansion in Thailand Thailand Phase 2 : Targeting mass production in 2023 Proprietary Information of SAM 20 20
Slide 21: Investing for Growth
Investing for Growth Revenue (RM’Mil) CAPEX (RM’Mil) Major Machines/Equipment 1,200 300 1,000 250 800 200 Milling machines & FMS line for Beams Machines for Big Machined Parts 600 150 400 100 Machines for Prismatic Parts Milling machines & FMS line 200 50 for small/medium machined parts 0 0 Cleanroo
Slide 22: Snapshot of our Financials
Snapshot of our Financials Proprietary Information of SAM 22
Slide 23: Two complementary pillars: Aerospace and Equipment
Two business pillars Two complementary pillars: Aerospace and Equipment Aerospace Equipment 500 1,000 450 Gradual recovery 900 from COVID-19 400 800 CAGR (FY18 to FY22) : 38% impact 350 700 300 600 RM’Mil 250 500 200 400 150 300 100 200 50 100 0 0 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2
Slide 24: Financial Highlights
Financial Highlights Revenue Profit Before Tax RM’ mil CAGR = 13% RM’ mil CAGR = 7% 1,147.6 100.5 94.8 99.7 81.8 938.7 873.7 72.6 755.0 49.2 62.3 619.0 489.1 895.8 33.3 104.0 112.1 295.4 248.4 701.8 39.3 45.6 37.3 459.6 449.6 370.6 -11.6 251.8 -22.2 171.9 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY
Slide 25: Financial Highlights
Financial Highlights Profit For The Year Basic Earnings Per Share RM’ mil Sen 78.5 79.8 14.52 14.76 75.5 13.94 62.9 12.02 59.7 11.04 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 25 Proprietary Information of SAM
Slide 26: Financial Highlights
Financial Highlights Return On Equity Net Gearing % 15.6% 0.26 13.7% 13.9% 11.4% 9.7% 0.14 0.12 0.11 Net Cash FY2018 FY2019 FY2020 FY2021 FY2022 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 26 Proprietary Information of SAM
Slide 27: Thank You
Thank You Proprietary Information of SAM 27
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