Slide 1: Aztech Global Ltd. FY2021 Results Presentation
Aztech Global Ltd. FY2021 Results Presentation 22 February 2022
Slide 2: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 3: FY2021 Results Briefing Scope
FY2021 Results Briefing Scope 1. Financial Performance Review 2. Fortifying Business Resiliency 3. Order Book Update & Outlook © 2022 Aztech Global Ltd.
Slide 4: Financial Performance Review
Financial Performance Review Design to Build Resilient & Sustainable Manufacturability © 2022 Aztech Global Ltd.
Slide 5: FY2021 Key Financial Highlights
FY2021 Key Financial Highlights Resilient FY2021 Performance Despite Global Logistics & Components Challenges Revenue EBITDA Effective As at 31 December 2021 Tax Rate +28.9% +25.6% -370bps Net Cash NAV/Share $624.4 M $95.8 M 12.5% $186.8M 38.0 Cents 31 December 31 December 2020: ($21.6 M) 2020: 6.73
Slide 6: Proposed Final Dividend
Proposed Final Dividend Higher Dividend Payout Ratio of 51.9% on Strong FY2021 Financial Performance Proposed Final Dividend Per Share 5 cents ▪ Dividend payout ratio of 51.9% was higher than the indicated distribution of at least 30% of net profits excluding exceptional items ▪ Proposed final tax-e
Slide 7: FY2021 Results Y-o-Y Comparison
FY2021 Results Y-o-Y Comparison Attain Another Year of Record Performance © 2022 Aztech Global Ltd.
Slide 8: FY2021 Results Y-o-Y Comparison
FY2021 Results Y-o-Y Comparison Growth Momentum Continued into FY2021 $ Million FY2018 FY2019 FY2020 FY2021 FY21/20 Change Revenue 346.8 428.8 484.3 624.4 28.9% EBITDA 30.4 64.3 76.3 95.8 25.6% Pre-tax Profit 22.1 54.8 66.5 85.0 27.7% PBT Margin (%) 6.4 12.8 13.7 13.6 (10 bps) Income Tax Expense (2.
Slide 9: 2H 2021 Results Y-o-Y Comparison
2H 2021 Results Y-o-Y Comparison Achieve Better 2H 2021 Net Profit on Record 4Q 2021 Sales & Lower Effective Tax Rate $ Million 2H 2021 2H 2020 % Change Q4 2021 Q4 2020 % Change Revenue 374.7 355.2 5.5 233.7 222.0 5.2 EBITDA 56.9 56.1 1.4 33.9 32.4 4.8 Profit Before Tax 51.3 51.2 0.2 31.1 29.9 3.8 P
Slide 10: Sequential Quarterly Trend Summary
Sequential Quarterly Trend Summary Deliver Sequential Record 4Q 2021 Performance $ Million Q1 2021 Q2 2021 Q3 2021 Q4 2021 FY2021 Production facilities in Dongguan, Revenue 115.9 133.7 141.1 233.7 624.4 China has been instrumental in the delivery of customers orders during EBITDA 17.9 21.1 22.9 33.9
Slide 11: FY2021 Revenue by Segments
FY2021 Revenue by Segments IoT Devices & Data-Communications Products Continued to be Revenue Growth Driver Revenue Segment Revenue IoT and Datacom Products (in $ million) (in $ million) (Revenue in $ million) © 2022 Aztech Global Ltd. All currencies are in Singapore dollars unless otherwise specifi
Slide 12: FY2021 Revenue by Countries
FY2021 Revenue by Countries Core Markets of North America & Europe Make Up Over 96% of Revenue Revenue Revenue by Countries (in $ million) (in $ million) Revenue contribution from core markets of North America and Europe grew from 95% in FY2020 to 96.2% in FY2021 driven by lifestyle consumer electro
Slide 13: Balance Sheet Summary as at 31 December 2021
Balance Sheet Summary as at 31 December 2021 Healthy Balance Sheet with Strong Cash Position ($ million) 31 December 2021 31 December 2020 As at 31 December 2021, the Group Cash & Bank Balances 201.5 11.5 recorded a strong cash and bank Net Current Assets 271.3 17.9 balances of $201.5 million, while
Slide 14: Balance Sheet Summary: Healthy & Positive Net Cash Position
Balance Sheet Summary as at 31 December 2021 Healthy & Positive Net Cash Position As at 31 December 2021, the Group ($ million) 31 December 2021 31 December 2020 recorded a net cash of $186.8 million Cash & Cash Equivalents 201.5 11.5 following the inclusion of net proceeds of Less Total Borrowings
Slide 15: Balance Sheet Summary: Positive Free Cash Flow
Balance Sheet Summary as at 31 December 2021 Positive Free Cash Flow The Group generated free cash flow of ($ million) FY2021 FY2020 $37.1 million for FY2021. Cash Flow From Operating Activities 41.9 28.6 Less Capital Expenditure 4.8 11.2 In FY2020, the Group invested $11.2 million in the purchase o
Slide 16: Fortifying Business Resiliency
Fortifying Business Resiliency Design to Build Resilient & Sustainable Manufacturability © 2022 Aztech Global Ltd.
Slide 17: FY2022 Focus
FY2022 Focus Pivoting Growth & Diversification across multi-sectors powered by the IoT trend Grow New Internet of Things (IoT) Customers & Products Manufacturing, Technology & Talent Development Business Execution Capability Business Sustainability Discipline Balance Sheet and Cost Management © 2022
Slide 18: Grow New IoT Customers & Products
Grow New IoT Customers & Products Enhancing Growth Resiliency & Widening Portfolio of High Quality Customers Existing Customers New Customers ▪ Entrench positioning ▪ Add 2-3 new customers a year ▪ Seamless enabling of existing and ▪ Derive 10% of FY2022 revenue from new new product development cust
Slide 19: Manufacturing, Technology & Expertise Development
Manufacturing, Technology & Expertise Development Deepening Manufacturing & IoT Expertise Driving Innovation & Growth Deepen IoT Domain Expertise and Enhance Manufacturing Capabilities & Flexibility Innovation eg Edge AI, NB-IoT, LEO, 5G etc. Improve Technological Offerings & Innovation Expand Manuf
Slide 20: Business Execution Capability
Business Execution Capability Excellent Execution with Automation, Data-Analytics & Proactive Customers Engagement © 2022 Aztech Global Ltd.
Slide 21: Business Execution Capability: Data Analytics Platform
Business Execution Capability Harnessing the prowess of data analytics through interactive platform with our customers to achieve greater security in our execution capability Optimise production through better planning and management of components Enhance Manufacturing 1. Increase 2. Deploy Data 3.
Slide 22: Measures to Manage Component Shortage
Business Execution Capability Measures to Manage Component Shortage Actively Collaborate Expand our collaborate with with our long- resourceful customers on term suppliers base of design changes to to secure alternative use alternative required suppliers component components Component Management App
Slide 23: Business Sustainability: Taking the Smart path with Sustainability
Business Sustainability Taking the Smart path with Sustainability Sustainability vision is anchored on our core values – Integrity, Commitment and Excellence. We strive to do the right thing even when it is not easy and we are committed to transform a promise into a reality while embracing excellenc
Slide 24: Reducing carbon footprint through more efficient energy consumption
Business Sustainability Reducing carbon footprint through more efficient energy consumption Recycling heat generated by Planning the construction of 1 air-conditioner to central 6 green manufacturing facility in hot water system at our Malaysia dormitories in Dongguan Converting air-conditioners 2 a
Slide 25: Some of the Key EESG Targets
Business Sustainability Some of the Key EESG Targets Uphold Strong Corporate Compliance with local regulations Governance Standards on water discharge Maintain conformance to Maintain ISO 14001 certification for our top customers’ audits Dongguan facilities ; and to achieve and inspections ISO 14001
Slide 26: Discipline Balance Sheet & Cost Management
Discipline Balance Sheet & Cost Management Discipline Management of Financial Resources to Maintain Strong Net Cash Position Proactive working capital Maintain healthy debt to Active foreign exchange management to achieve robust equity ratio of not more management to minimise risk liquidity than 20%
Slide 27: Order Book Update & Outlook
Order Book Update & Outlook Design to Build Resilient & Sustainable Manufacturability © 2022 Aztech Global Ltd.
Slide 28: 4Q 2021 Business Updates
4Q 2021 Business Updates Order book remains Strong Order book remains strong -As at 31 December 2021, order book was $495.8 million -The Group has since secured additional orders of $266.2 million as at 22 February 2022 -total order book was $762 million for FY2022 The Group’s order book in respect
Slide 29: Outlook
Outlook Optimistic of 2022 business outlook with various measures & growth initiatives in place to fortify business resiliency amidst global component shortage & logistics challenges. We are optimistic of 2022 business outlook as we navigate through the global component and logistics challenges expe
Slide 30: Thank You
Thank You 22 Feb 2022 Aztech