Xmh Holdings Ltd. · SGX:BQF
Xmh — 9M FY2016 Earnings Presentation
19 slides from Xmh's earnings presentation, Mar 14, 2016
Slide 1: 9M2016 Results Presentation
9M2016 Results Presentation PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the "Information") is provided by XMH Holdings Ltd. (the "Company") to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and may not contain all
Slide 3: Presentation Outline
Presentation Outline Financial Highlights Outlook, Strategies and Recent Developments PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD 3
Slide 4: Financial Highlights
Financial Financial Highlights Highlights
Slide 5: Financial Summary
Financial Summary 9M2016 Revenue was stronger y-o-y, well-supported by the “projects” segment; GPM and NPM decreased slightly due to increased competition Profit & Loss 9M2016 9M2015 Change % S$’000 S$’000 Revenue 76,506 68,087 12.4 Gross Profit 19,611 19,690 (0.4) Gross Profit Margin 25.6% 28.9% (3
Slide 6: Revenue
Revenue Revenue S$’ million Quarterly Analysis Increase in Revenue 120.0 9M2015 9M2016 S$68.1m S$76.5m Primarily supported by the increase in the 90.0 “projects” segment, 4Q 23.4 following the inclusion of ZPA’s results 60.0 26.9 105.2 23.1 3Q Offset by a decrease in 97.6 revenue from the 70.2 19.2
Slide 7: Profitability Trend (Gross Profit / Gross Profit Margin)
Profitability Trend (Gross Profit / Gross Profit Margin) Gross Profit Gross Profit Margin S$’ million 40.0 Quarterly Analysis 40.0% 9M2015 9M2016 S$19.7m S$19.6m Gross Profit remained 30.0 27.8% 28.9% 30.0% stable, Gross Profit 26.0% 25.2% 23.5% 25.6% Margin under pressure Gross profit remained 20.0
Slide 8: Profitability Trend (Net Profit / Net Profit Margin)
Profitability Trend (Net Profit / Net Profit Margin) Net Profit Net Profit Margin S$’ million 14.0 25.0% Quarterly Analysis 12.0 11.7% 9M2015 9M2016 15.3% S$4.8m S$4.7m 12.8% 15.0% 10.0 7.1% 8.0 5.8% 6.1% 5.0% Net profit and NPM 6.0 11.4 decreased 9.0 9.5 1.1 4.0 3Q Net profit decreased in 6.1 2.7 -
Slide 9: Profitability Trend (EBITDA / EBITDA Margin)
Profitability Trend (EBITDA / EBITDA Margin) EBITDA S$’ million EBITDA Margin 18.0 Quarterly Analysis 25.0% 19.2% 9M2015 9M2016 16.0 17.1% S$7.5m S$7.8m 14.0 14.0% 15.0% 11.0% 12.0 8.3% 10.2% EBITDA improved, EBITDA 10.0 5.0% Margin decreased slightly 8.0 13.7 EBITDA improved, 6.0 12.0 12.0 3Q 2.5 3
Slide 10: Balance Sheet
Balance Sheet 31 January 2016 30 April 2015 Balance Sheet S$’000 S$’000 Property, plant and equipment 58,779 32,467 Intangible assets 15,608 16,470 Inventories 25,969 32,367 Trade and other receivables 27,556 31,113 Contract work-in-progress 12,589 9,443 Cash and cash equivalents 8,157 24,698 Loans
Slide 11: Outlook, Strategies & Developments
Outlook &Strategies Outlook, Strategies & Developments
Slide 12: Outlook
Outlook Challenging operating environment • Intense competition across all segments pressuring profit margins • Slow down in offshore and marine industry Riding on developments in the region • Increased enquires and demand for retrofit, service related work and onshore application projects • Gradual
Slide 13: Growth Strategies
Growth Strategies • Expansion of supplier base Securing • Securing new distributorships new customers in emerging markets Deploy Exploration marketing of New staff and establish Revenue representatives Streams in new markets Concerted • Increase market share efforts when pitching for projects • Pitc
Slide 14: Growth Strategies
Growth Strategies • Establish assembly line for in-house brands • Working closely with identified partners Capitalize • Further develop and market range of on larger power generating units working area Prudence, Productivity Focus on efficient and practices Economisation Focus on • Improve upon exis
Slide 15: Recent Developments
Recent Developments • Feb 2016 – Completed move into new facility − All segments completed move into new facility • Feb 2016 – Completion of Share consolidation exercise − Consolidation of every four (4) ordinary shares in the capital of the Company into one (1) Consolidated Share • Jun 2015 – XMH s
Slide 16: Recent Developments
Recent Developments • Jun 2015 – ZPA awarded with prestigious ABB Value Provider Certification − Certification recognises ZPA’s technical capabilities and management’s commitment to support ABB worldwide outside of Finland − Certification authorizes ZPA to market ABB products, build and assemble ABB
Slide 17: Share Statistics
Share Statistics Bloomberg code XMH SP EQUITY Reuters code XMHL.SI Share Price S$0.41 Market Capitalization S$45.6 million (111.3M shares) P/E 6.70 NAV per share S$0.15 Free Float 23.5% Substantial Shareholders Insiders 49.7% Credence Capital 18.8% House Call / Target Price RHB (Lee Yue Jer) BUY / S
Slide 18: Summary
Summary • Business remains resilient − “Projects” business segment underpinned the Group’s performance; − Increased avenues from concerted efforts of pitching for projects as a group • Negative macro factors still persist − Offshore and Marine industries are still suffering the uncertainty of low oi
Slide 19: Thank You
THANK YOU Investor Relations | Financial PR Pte Ltd | Romil SINGH | Jonathan YEOH T: +65 6438 2990 F: +65 6438 0064 | staff@financialpr.com.sg