Sam Engineering & Equipment (m) Bhd · MYX:SAM
Sam Engineering & Equipment (m) Bhd — Q1 FY2025 Earnings Presentation
15 slides from Sam Engineering & Equipment (m) Bhd's earnings presentation, Sep 4, 2024
Slide 1: Q1FY2025 Investors' Briefing
SAM Engineering & Equipment (M) Berhad (SAMEE) Q1FY2025 Investors’ Briefing 4th SEPTEMBER 2024 Proprietary Information of SAM 1
Slide 2: Agenda
AGENDA 1. Business Outlook 2. Financial for Q1FY2025 3. Q&A Proprietary Information of SAM 2
Slide 3: Safe Harbour
Safe Harbour 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 factual and c
Slide 4: Business Outlook
BUSINESS OUTLOOK Proprietary Information of SAM 4
Slide 5: Semiconductor Market Outlook
Semiconductor Market Outlook Source: SEMI, Aug’24 3Q24F IC Sales forecast +9% vs 2Q24 Source: SIA, 3 Aug’24 3Q24F IC Sales forecast +27% YoY June’24 worldwide semiconductor revenue +18% YoY Proprietary Information of SAM 5
Slide 6: Semiconductor Equipment Market Outlook
Semiconductor Equipment Market Outlook Source: SEMI, May’24 Total semiconductor manufacturing equipment will achieve new industry record, reaching $109 billion in 2024, growing 3.4% YoY Fab utilisation in 2Q24 remained low at 60% Growth is expected to continue in 2025, with sales forecast to s
Slide 7: Aerospace Market Update
Aerospace Market Update Passenger Air Travel Historical High Aircraft Supply Chain Challenges Demand Exceeded 2020 Order Backlog Hampering Up 18,000 14,814 14,749 15,000 13,107 12,181 12,218 12,759 12,000 9,000 6,000 3,000 - 2019 2020 2021 2022 2023 2024 YTD Jul Airbus Boeing Total Chart comparing y
Slide 8: Aerospace Challenges
Aerospace Challenges Supply shortages and aircraft production quality issues are limiting growth Defective GTF engine parts on 600 aircraft to be replaced by 2026 FAA is restricting Boeing production rate for the Incorrect installation of fasteners on the fuselages of B787 B737Max resulting from the
Slide 9: Aircraft Monthly Production Plan
Aircraft Monthly Production Plan Actual Airbus’ Plan Airbus 2019 July 2024 2026 2027 2028 A220 4 71 14 NA NA A320neo 60 52 2 NA 75 3 NA A350 10 6 10 NA 12 4 1 Airbus no longer announcing production rate. Rate 7 estimated by Forecast International in July 2024 NA – Not Announced 2 Airbus no longer an
Slide 10: SAMEE Aerospace Challenges in Q1FY2025
SAMEE Aerospace Challenges in Q1FY2025 Industry recovery and ramping are challenging and volatile due to: • Material quality issues and additional rework cost • Supply chain constraints causing shortage of components Proprietary Information of SAM 10
Slide 11: Financial Q1FY2025
FINANCIAL Q1FY2025 Proprietary Information of SAM 11
Slide 12: Financial Highlights
Financial Highlights RM'mil Revenue RM'mil Profit Before Tax 44.3 428.6 387.3 39.7 373.6 333.4 34.7 307.9 312.3 25.1 287.5 254.3 203.2 41.8 16.3 211.9 38.1 16.6 33.2 22.4 116.3 119.3 130.2 96.0 99.8 8.5 2.5 1.6 1.5 -6.1 FY2024 FY2024 FY2024 FY2024 FY2025 FY2024 FY2024 FY2024 FY2024 FY2025 Q1 Q2 Q3 Q
Slide 13: Highlights of Q1 FY2025 Financials
Highlights of Q1 FY2025 Financials Revenue & Profit Before Tax RM’ mil Aerospace segment suffered loss 333.4 mainly due to: Demand pushouts Less production output & 203.2 deliveries due to material 130.2 issues (supply chain constraints and quality 22.3 defect) & change of product 16.2 design
Slide 14: Financial Highlights
Financial Highlights Return On Equity Net Gearing 0.56 13.9% 11.4% 11.8% 9.7% 9.7% 0.26 0.18 0.11 0.12 0.11 0.7% FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Q1 14 Proprietary Information of SAM
Slide 15: Q&A
Q&A Proprietary Information of SAM 15
SAM Engineering & Equipment (M) Berhad — Q1 FY2025 Earnings Presentation on 6ix