Analogue Holdings Limited · HKEX:1977
Analogue — H1 2019 Earnings Presentation
25 slides from Analogue's earnings presentation, 2019
Slide 1: Analogue Holdings Limited 2019 Interim Results
We commit. We perform. We deliver. 重承諾 慎履行 創成果 (Stock code : 1977) ANALOGUE HOLDINGS LIMITED 2019 Interim Results 1
Slide 2: Disclaimer
DISCLAIMER By attending the meeting for this report or reading information in this report, you agree to be bound by the following restrictions： The information in this report is prepared by Analogue Holdings Limited (the “Company”), which is for reference only and used on a confidential basis and do
Slide 3: Table of Contents
TABLE OF CONTENTS 21 Company Overview 32 Business Review 43 Financial Overview 54 Summary of Key Results 55 Growth Strategies 5 3
Slide 4: Company Overview
COMPANY OVERVIEW
Slide 5: Company Overview
COMPANY OVERVIEW 1st The largest E&M engineering service provider in Hong Kong with a market share of approximately 9.1% * Provides a range of E&M engineering and technology services including; (i) building services; (ii) environmental engineering; (iii) ICBT; and (iv) lifts & escalators to private
Slide 6: Listing on Main Board of HKEX
LISTING ON MAIN BOARD OF HKEX • Successfully listed on the Main Board of HKEX on 12 July 2019 • Support the development and expansion in the market • Recognition of the Group's leading position 6
Slide 7: Business Review
BUSINESS REVIEW
Slide 8: Completed Signature Projects
COMPLETED SIGNATURE PROJECTS Building Services One Taikoo Place Victoria Dockside Sands Cotai Central (Macau) HKJC Conghua Racecourse at • Design, installation, testing and • A 66-storey composite building • Trade contractor of electrical and Guangzhou, Mainland China commissioning and maintenance d
Slide 9: Completed Signature Projects
COMPLETED SIGNATURE PROJECTS ICBT Hong Kong’s border-crossing points Hong Kong Science Park • 1st batch of e-channel rolled out in 2004 • One of the largest BMS installations in HK • Design, manufacture, systems integration, installation and maintenance • Total 14 buildings and 2 energy centres with
Slide 10: Contracts in Hand
CONTRACTS IN HAND Building Environmental Services Engineering Lifts & ICBT Escalators • Awarded approximately 150 tenders* with the total value of HK$ 2.91 billion • Satisfactory order intake of value: HK$ 3.52 billion, up by 31% YOY • Overall value of outstanding contracts in hand: HK$ 8.87 billion
Slide 11: Business Segment & Notable Projects in Progress
BUSINESS SEGMENT & NOTABLE PROJECTS IN PROGRESS Building Services Design, installation, testing and commissioning (“T&C”) and maintenance of heating, ventilation and air-conditioning systems, fire service systems, plumbing and drainage systems and electrical and extra low voltage systems and combine
Slide 12: Business Segment & Notable Projects in Progress
BUSINESS SEGMENT & NOTABLE PROJECTS IN PROGRESS Environmental Engineering Integrated E&M solutions for the design, construction, operation and maintenance of environmental engineering for sewage, water, solid waste, sludge and gas treatment • Revenue: HK$ 450 million Value of outstanding contracts:
Slide 13: Business Segment & Notable Projects in Progress
BUSINESS SEGMENT & NOTABLE PROJECTS IN PROGRESS ICBT (Information, Communications and Building Technologies) Design, hardware and software development, engineering, installation and maintenance of information & communication technology solutions (e.g. e-channels) and intelligent and green building t
Slide 14: Business Segment & Notable Projects in Progress
BUSINESS SEGMENT & NOTABLE PROJECTS IN PROGRESS Lifts & Escalators Design, production, sale and installation and maintenance service for a wide range of lifts and escalators and moving walkway meeting different uses and requirements • Revenue: HK$ 124 million Value of outstanding contracts: HK$ 400
Slide 15: Financial Overview 1H 2019
FINANCIAL OVERVIEW 1H 2019
Slide 16: Key Financial Figures
KEY FINANCIAL FIGURES (HK$ in millions) 1H2018 1H2019 Revenue 3,144.1 2,079.3 Gross Profit 514.3 364.9 Gross Profit Margin 16.4% 17.5% Net Profit 216.7 107.8 Net Profit Margin 6.9% 5.2% Earning per Share (cents) 21.0 10.0 Dividend per Share (cents) N/A 3.85 Dividend Payout Ratio N/A 50% 16
Slide 17: Revenue Breakdown
REVENUE BREAKDOWN Revenue by Segment Revenue by Nature (HK$ in millions) (HK$ in millions) 5966.0 5,966.0 4.2% 193.9 3.3% 249.3 424.5 7.1% 551.4 9.2% 865.7 14.5% 3,144.1 3,144.1 120.1 3.8% 76.0 2.4% 194.2 6.2% 287.1 9.1% 424.7 13.5% 5,220.7 87.5% 2,079.3 2,079.3 4,426.5 74.2% 3.7% 123.5 5.9% 76.9 21
Slide 18: Gross Profit Breakdown
GROSS PROFIT BREAKDOWN Gross Profit & Gross Profit Margin Gross Profit Margin by Segment (HK$ in millions) 1H2018 1H2019 Gross Building services 15.0% 12.5% Profit 14.9% 16.4% 17.5% Margin: Environmental 11.4% 17.2% engineering ICBT 23.1% 30.2% Lifts and escalators 38.3% 44.5% 888.4 Group Total 16.4
Slide 19: Healthy Financial Position
HEALTHY FINANCIAL POSITION (HK$ in millions) 31 Dec 2018 30 Jun 2019 Current assets 2,660.4 2,656.4 Current liabilities 1,831.0 1,727.3 Bank balances and cash 570.0 475.7 Net current assets 829.3 929.1 Total assets less current liabilities 1,221.9 1,357.1 Current ratio 1.5x 1.5x Gearing ratio - 7.2%
Slide 20: Summary of Key Results
SUMMARY OF KEY RESULTS
Slide 21: Summary of Key Results in 1H 2019
SUMMARY OF KEY RESULTS IN 1H 2019 Satisfactory order intake of HK$ 3.52 billion, up 31% YOY Maintain leading Net profit position in Hong Kong with revenue margin at at HK$ 2.08 billion 5.2% Outstanding contracts in hand increased to High dividend Awarded HK$ 8.87 billion payout ratio 150 tenders* wi
Slide 22: Growth Strategies
GROWTH STRATEGIES
Slide 23: Growth Strategies
GROWTH STRATEGIES Strong outstanding contracts in hand amounted to HK$ 8.87 billion Stable profitability with steady gross profit margin New growth engine Nurturing young engineers - New technology - New business model Long-term graduate trainee - New market and apprenticeship training program 23
Slide 24: Growth Strategies – M&A Opportunities
GROWTH STRATEGIES – M&A OPPORTUNITIES Facilitating business growth horizontally, vertically & geographically Lifts & Preliminary communications with companies in Escalators South East Asia and North America Building Services 24
Slide 25: Thank You!
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