Playmates Toys Limited · HKEX:869
Playmates Toys — FY2022 Earnings Presentation
16 slides from Playmates Toys's earnings presentation, Mar 10, 2023
Slide 1: Playmates Toys Limited 2022 Full Year Results Briefing
Playmates Toys Limited 2022 Full Year Results Briefing 10 March 2023
Slide 2: Forward-Looking Statements
Forward‐Looking Statements This presentation and subsequent discussion may contain forward‐looking statements with respect to the financial condition, results of operation and business of Playmates Toys Limited. Such forward‐looking statements represent expectations or beliefs concerning future even
Slide 3: Content
Content About Playmates Toys Our Mission Our Latest Performance Operating Environment Our 2022 Results Reflected Financial Performance Looking Forward 3
Slide 4: About Playmates Toys
About Playmates Toys Founded: 1966 First Group listing: 1984 HKSE#0869 – Playmates Toys Limited We create, design, market & distribute branded promotional toys worldwide More information – www.playmatestoys.com 4
Slide 5: Our Mission
Our Mission We strive to create superior shareholder value by selectively investing in proprietary and licensed brands and delivering quality, safe, and innovative toys to the consumers while managing costs prudently to maximize operational leverage. 5
Slide 6: 2022 Operating Environment
2022 Operating Environment Non‐essential goods (including toys) began to experience a slowdown in Spring 2022 as food and energy inflation picked up The pull‐forward in inventory purchases in 2021 and early 2022 as a response to supply chain disruptions now became a challenge to digest Many retailer
Slide 7: Our 2022 Results Reflected
Our 2022 Results Reflected Lower turnover compared to 2021 driven by: Anticipated year‐over‐year decline in Godzilla vs. Kong product sales, lapping the movie release in 2021 Partially offset by the expansion of our Miraculous: Tales of Ladybug & Cat Noir toy line Slightly contraction in gross margi
Slide 8: Financial Performance: Income Statement Highlights
Financial Performance Income Statement Highlights HK$ Million 2021 2022 +/-% Revenue 625.1 504.2 -19% Gross Profit 303.5 235.7 -22% Other revenue - 29.2 N/A Marketing and licensing (137.6) (97.4) -29% Selling & Distribution (30.7) (38.6) 26% Administration (97.4) (94.4) -3% Operating profit 37.8 34.
Slide 9: Margin Analysis
Margin Analysis 100% Cost of Sales Marketing & licensing 90% Selling & Distribution 80% 51.4% 53.3% Administration 70% Others Income Tax 60% 50% 19.3% 40% 22.0% 30% 7.7% 4.9% 20% 15.6% 18.7% 10% 0% Net profit 6.9% Net profit 1.9% 2021 2022 Revenue: HK$625.1M HK$504.2M 9
Slide 10: Revenue Breakdown by Regions
Revenue Breakdown by Regions 2021 2022 2.0% 0.5% 2.8% 0.2% 3.8% 2.7% 25.4% 30.9% 55.2% 60.1% 9.3% 7.2% HK$625.1M HK$504.2M U.S.A. Other Americas Europe Australasia Asia Others 10
Slide 11: Financial Performance: Balance Sheet Highlights
Financial Performance Balance Sheet Highlights HK$ Million 31/12/2021 31/12/2022 Inventories 58.0 23.7 Trade Receivables 124.4 61.0 Investments 71.2 58.6 Cash & Bank Balances 894.0 927.9 Net Current Assets 954.9 946.3 Net Assets 995.2 986.8 Net Asset per Share (HK$) 0.84 0.84 Gearing Ratio 0.0 0.0 C
Slide 12: Looking Forward
Looking Forward 12
Slide 13: Looking Forward
Looking Forward Challenges and uncertainties remain in our operating environment, but we are optimistic that major entertainment events will provide a boost to our product lines in 2023 Relaunch of Teenage Mutant Ninja Turtles toy line supported by the global release of the highly anticipated Teenag
Slide 14: Teenage Mutant Ninja Turtles: Mutant Mayhem animated movie
The animated movie: Teenage Mutant Ninja Turtles ‐ Mutant Mayhem is set to hit theaters worldwide in summer 2023 Trade reaction to our all‐new line of toys based on the movie has been enthusiastic Our TMNT toy line will launch in U.S. and over 65 countries worldwide in conjunction with Paramount’s m
Slide 15: Miraculous: Tales of Ladybug & Cat Noir TV show
The highly popular Miraculous: Tales of Ladybug & Cat Noir TV show continues to air in over 120 countries worldwide and streams across multiple digital platforms Season 5 launched on Disney platforms in Fall 2022 and rolling out throughout 2023 An upcoming animated musical feature, Miraculous Ladybu
Slide 16: Thank You!
Playmates Toys Limited Thank You!