Nanofilm Technologies International Ltd. · SGX:MZH
Nanofilm Technologies International — FY2020 Earnings Presentation
19 slides from Nanofilm Technologies International's earnings presentation, Feb 26, 2021
Slide 1: Nanofilm Technologies International FY2020 Results Announcement
Nanofilm Nanofilm Technologies Technologies International International Limited Pte Ltd C O N F I D E N T I A L Nanofilm Technologies International FY2020 Results Announcement 26 February 2021
Slide 2: Results Overview
Nanofilm Technologies International Limited Results Overview FY2020
Slide 3: Leading Deep-Tech Provider of Nanotechnology Solutions
Leading Deep-Tech Provider of Nanotechnology Solutions Our solutions being an integral part of modern daily lives Differentiated technology-based solutions provider Advanced Materials, via proprietary vacuum deposition process, with special surface properties Proprietary nanofabrication technolo
Slide 4: FY2020: Record Financial Year
FY2020: Record Financial Year Revenue – Adjusted EBITDA – PATMI – Strong and accelerated growth Grew at faster pace Up 61% YoY (S$m) (S$m) (S$m) NTI Group YoY 16% 53% 13% 70% 22% 61% Growth (%) Higher rate of growth in income benefited from economies of scale and AMBU strong growth underwritten
Slide 5: Benefiting from Economies of Scale & Operating Excellence
Benefiting from Economies of Scale & Operating Excellence Operating expenses – Decline in % proportion to revenue 2019 2020 S$m % of revenue S$m % of revenue D&A 4.2 2.9% 4.8 2.2% R&D & Engineering (1) 7.3 5.1% 10.9 5.0% Administrative (2) 19.0 13.3% 27.2 12.4% Selling & Distribution (3) 7.4 5.2% 8.
Slide 6: Effective Working Capital Management
Effective Working Capital Management Inventory turnover period(1) Trade receivables turnover period(2) (in days) (in days) 160 144 90 82 140 127 80 120 70 60 58 100 50 80 40 60 30 40 20 20 10 - - 2019 2020 2019 2020 Trade payables turnover period(1) Cash conversion cycle(3) (in days) (in days) 180 1
Slide 7: Strong Cash Flow Generation
Strong Cash Flow Generation Net cash balance provides financial flexibility Strong operating cash flow Net cash balance as of 31 December 2020 (in S$m) (in S$m) OCF before WC, interest 97 250 22 & taxes 200 20 12 150 227 185 100 50 26 0 Total cash Current debt Non-current Net cash 57 debt 8 Capex sp
Slide 8: Segmental Information
Nanofilm Technologies International Limited Segmental Information FY2020
Slide 9: Focused on Strategy Execution to Deliver Strong Growth
Focused on Strategy Execution to Deliver Strong Growth Advanced Materials BU Nanofabrication BU Industrial Equipment BU (“AMBU”) (“NFBU”)(3) (“IEBU”) Provides mission critical surface Part of our value chain integration Manufactures turnkey equipment solutions based on vacuum coating and posit
Slide 10: AMBU: Increasing Market Adoption of our Advanced Materials
AMBU: Increasing Market Adoption of our Advanced Materials (in S$m) 200 150 100 182 50 110 - 2019 2020 2019 2020 Increase in demand for our surface solutions across key product sub-segments The increase of 66% YoY was driven by increased revenue contributions from 3C and Automotive product sub-
Slide 11: Accelerating Growth in AMBU Revenues
Accelerating Growth in AMBU Revenues 2H 2020 increased 66% YoY, from higher base 1H YoY 2H YoY (in S$m) 140 120 118 100 80 71 64 60 40 38 20 - 1H 2019 1H 2020 2H 2019 2H 2020 Source: Company information, numbers may not tie due to rounding (refer to results announcement) 10 | C O N F I D E N T I A L
Slide 12: Key Operating Data: AMBU
Key Operating Data: AMBU Key performance indicators for AMBU 2019 2020 Coating equipment (no.)(1) 103 176 In-line coating equipment (no.)(2) 3 4 Equipment utilisation (%)(3) 71% 74% Equipment utilisation: Our long-term target optimal utilisation rate is ~80% with remaining un-utilized time caterin
Slide 13: NFBU: Strong Growth Driven by Mass Production Projects
NFBU: Strong Growth Driven by Mass Production Projects (in S$m) 20 18 16 14 12 10 8 11 6 4 2 6 - 2019 2020 2019 2020 Relatively newer business that is gaining momentum with increasing contributions. We acquired a 51% stake in Nanofab Technologies Pte Ltd(1) in Jan 2018, and further increased our s
Slide 14: Key Operating Data: NFBU
Key Operating Data: NFBU Key performance indicators for NFBU 2019 2020 Injection molding equipment (no.)(1) 14 14 Utilisation (%) 39% 43% Key equipment in NFBU includes: − Tooling equipment − Injection mold equipment − AVI and testing equipment Source: Company information (1) Figures only include
Slide 15: IEBU: Caters to AMBU and remains Selective in Sales
IEBU: Caters to AMBU and remains Selective in Sales (in S$m) 50 45 40 35 30 25 20 15 27 25 10 5 - 2019 2020 2019 2020 The Group remains selective on equipment sales to external customers. The majority of coating equipment manufactured during the year were proprietary in nature and retained within
Slide 16: Key Operating Data: IEBU
Key Operating Data: IEBU Key performance indicators for IEBU 2019 2020 Equipment produced (no.)(1) 41 83 Equipment sold (no.) 8 9 Equipment used internally (no.) 33 74 Over the years, we have been strategic in sales of our industrial equipment to select customers We balance our production output
Slide 17: Outlook
Nanofilm Technologies International Limited Outlook
Slide 18: Outlook: Well-Positioned for Multiple Avenues of Growth
Outlook: Well-Positioned for Multiple Avenues of Growth Executing Right Strategy to Maximize our Core Enabling Technologies in Applications & End-Markets to Achieve Sustainable Long-Term Growth Advanced Materials Market size 2023E: Value Chain Integration - Components US$24.3bn(1) TAM 2023E: US$423b
Slide 19: Thank You
Nanofilm Technologies International Limited Thank You
Nanofilm Technologies International — FY2020 Earnings Presentation on 6ix