Slide 1: PAX Global Technology Limited 2024 interim results
PAX Global Technology Limited (327.HK) 2024 interim results
Slide 2: Disclaimer
Disclaimer The information contained in these presentation materials has been prepared by PAX Global Technology Limited ( “Company” or “PAX”) (incorporated in Bermuda with limited liability) solely for use at the presentation to prospective investors for introduction of the Company. By accepting thi
Slide 3: Agenda
Agenda 01 Results snapshot 02 Corporate development highlights PAX Global 2024 interim results 3
Slide 4: Results snapshot
Results snapshot PAX Global 2024 interim results 4
Slide 5: PAX achieved profitable performance during 1H 2024
Results snapshot PAX achieved profitable performance during 1H 2024 46.8% 44.0% 41.6% 40.0% 40.0% 4,182 3,569 3,319 3,013 2,541 Profit for the period 460 HK$ million 386 519 704 660 460 2020 H1 2021 H1 2022 H1 2023 H1 2024 H1 Revenue (HK$ million) Profit for the period (HK$ million) Gross profit mar
Slide 6: PAX continues to strengthen shareholder returns
Results snapshot PAX continues to strengthen shareholder returns HK cents Payout ratio) Interim dividend 30 56.5% 60.0% YoY 14% 25 50.0% 24 cents 34.8% HK 20 26.3% 40.0% per share 25.5% 15 30.0% 19.8% 10 20.0% Dividend payout ratio 5 10.0% 56.5% 0 2020 H1 2021 H1 2022 H1 2023 H1 2024 H1 0.0% Interim
Slide 7: PAX recorded robust cash inflow from operations
Results snapshot PAX recorded robust cash inflow from operations 2024 H1 key cash flow items analysis Operating activities Financing activities Investing activities* Expenditures for Net cash generated from Payments in dividends & Shenzhen headquarters & operating activities buybacks Huizhou Industr
Slide 8: PAX pragmatically manages working capital
Results snapshot PAX pragmatically manages working capital Trade and bills receivables (YoY +5%) • Strong US dollar affected certain customers’ settlement (Turnover days: 160) Trade payables (YoY +26%) • More purchases in 2024 Q2 (Turnover days: 120) Inventories (YoY -0.4%) • Plan to further reduce
Slide 9: PAX achieved a more diversified global footprint
Results snapshot PAX achieved a more diversified global footprint LACIS EMEA (HK$ 1,070M) (HK$ 1,104M) • Mexico & Argentina: Both markets emerged • Italy, UK & Hungary: PAX achieved notable sales 36% 2024 H1 36% as strong driving forces • EU: PAX unattended solutions support the • Brazil: Market dem
Slide 10: PAX SaaS ecosystem continues to broaden its horizons
Results snapshot PAX SaaS ecosystem continues to broaden its horizons SaaS solutions MAXSTORE Revenue Connected devices* HK$ 61 M 12 M+ YoY 33% units * As of 30 Jun 2024 PAX Global 2024 interim results 10
Slide 11: Corporate development highlights
Corporate development highlights PAX Global 2024 interim results 11
Slide 12: PAX is paving the way for future growth with three key pillars
Corporate development highlights PAX is paving the way for future growth with three key pillars Products & solutions Sales channels Supply chain management PAX Global 2024 interim results 12
Slide 13: PAX strengthens its leading position in the Android payment terminal industry
Corporate development highlights - Products & solutions PAX strengthens its leading position in the Android payment terminal industry Expand presence to o Retail, hospitality, public transit systems, parking, tourism wider segments hotspots, sports venues, EV charging stations & more o Continue to e
Slide 14: PAX seizes the Android commercial POS (EPOS) market opportunity
Corporate development highlights - Products & solutions PAX seizes the Android commercial POS (EPOS) market opportunity o Enhanced cost-effectiveness o Easy to customize & integrate Benefits of o Rich application ecosystem Android EPOS o EPOS market: Approx. US$ 100 billion* in 2023 o The market sha
Slide 15: PAX growing SaaS ecosystem unleashes full power of Android devices
Corporate development highlights - Products & solutions PAX growing SaaS ecosystem unleashes full power of Android devices 12M+ connected devices* 12K+ 3K+ Applications* Application developers* * As of 30 Jun 2024 PAX Global 2024 interim results 15
Slide 16: PAX expands footprint with Australian distributor acquisition
Corporate development highlights – Sales channels PAX expands footprint with Australian distributor acquisition Business Principally engaged in the provision of E-payment terminals in Australia & New Zealand model ▪ Approx. AUD5.4 million, may be further adjusted to up to AUD30 million Consideration
Slide 17: PAX industrial park
PAX industrial park With the strategic introduction of suppliers & business partners, the new industrial park is now PAX production base This will optimize our supply chain efficiency & reinforce delivery capabilities PAX Global 2024 interim results 17
Slide 18: PAX industrial park fuels the Group's strategic vision for continued expansion
Corporate development highlights – Supply chain management PAX industrial park fuels the Group’s strategic vision for continued expansion Total CAPEX1 (include cost of land use rights) HK$ ~760 million Gross floor area2 ~261,000 m² Key financial items (annual forecast) Production cost & operating ex
Slide 19: Investor relations contacts
Investor relations contacts Calvin Pei – Vice President Corporate Finance & Strategy Mina Pang – Senior Investor Relations Manager Email: ir@pax.com.hk Tel: +852 2500 8510 PAX Global 2024 interim results 19
Slide 20: PAX is included in the key market indexes
Appendix – market indexes PAX is included in the key market indexes* MSCI Hong Kong Small Cap Index Hang Seng Sub-indexes Market-Cap Composite Industry Index - Composite MidCap & Composite SmallCap weighted Information Technology SmallCap Index Index indexes Sector Information Technology SCHK Inform
Slide 21: Interim condensed consolidated income statement
Appendix – financial summary Interim condensed consolidated income statement Six months ended 30 June 2024 2023 HK$’ 000 HK$’ 000 Revenue 3,013,241 3,568,564 Cost of sales (1,604,005) (1,997,647) Gross profit 1,409,236 1,570,917 Other income 36,851 36,076 Other gain/ (loss) 1,589 (1,987) Selling exp
Slide 22: Interim condensed consolidated balance sheet
Appendix – financial summary Interim condensed consolidated balance sheet As at 30 Jun As at 31 Dec 2024 2023 HK$’ 000 HK$’ 000 Total non-current assets 1,503,146 1,522,108 Property, plant and equipment 957,340 950,811 Right-of-use assets 223,180 239,374 Others 322,626 331,923 Total current assets 7
Slide 23: Working capital summary
Appendix – financial summary Working capital summary As at 30 Jun 2024 As at 31 Dec 2023 As at 30 Jun 2023 HK$ ‘000 HK$ ‘000 HK$ ‘000 Inventories 1,819,361 1,826,091 2,148,231 Trade and bills receivables 2,821,172 2,679,525 2,409,464 Trade payables 1,122,586 888,621 1,053,995 Cash and cash equivalen