Chin Well Holdings Bhd. · MYX:CHINWEL
Chin Well Holdings Bhd — Shareholder Meeting (November 2024)
9 slides from Chin Well Holdings Bhd's shareholder meeting presentation, Nov 27, 2024
Slide 1: 28th Annual General Meeting
28th Annual General Meeting 27 November 2024 11.00AM
Slide 2: Corporate Presentation: AGM – FY 2024 Results & Corporate Update
Corporate Presentation AGM – FY 2024 Results & Corporate Update 27 November 2024
Slide 3: Background
One of the largest carbon steel fastener producers in the world Founded by Group MD Tsai Yung Chuan in Prai, Penang in 1989, and listed on Main board of KLSE on 1999. Chin Well is today one of the world’s largest suppliers of carbon steel fasteners (Bolts and nuts). Chin Well has production faci
Slide 4: Corporate Structure
Corporate Structure Asia Angel Holdings Limited 100% 40% 100% 100% 100% 60% Chin Well Fasteners Chin Well Service Chin Herr Industries Chin Well Fasteners Co. Sdn Bhd Centre Sdn Bhd (M) Sdn Bhd (Vietnam) Co., Ltd Trading of screws, nuts, Manufacturing of screws, nuts, Manufacturing of screws nuts, M
Slide 5: Steel Industry Updates
Steel Industry Updates China Europe USA Other ASIA • China prospects on • ADD on fasteners • Economy slow but • Tension between 5G, EV, Economy, from China starts 17 still better when China and US among Tourism, Carbon & Feb 2022 with tax compared with Taiwan pushing Agriculture. Overall rate from 2
Slide 6: FY2024 Operations Review
Unfavourable Global Market Conditions affects the Group’s performance FY2024 fasteners revenue decreased by 25.3% y-o-y to Fastener Revenue & ASP Trend RM258.4mil 180.0 10.00 • Sales volume decreased by 15% in the current financial year as 160.0 8.00 compared to FY2023. 140.0 120.0 • The export de
Slide 7: Revenue Analysis: Geographical & Product
Global market shows slowing down 100% FY24 Revenue Segmentation: Product 32% 28% 33% 30% 80% 47% 23.4% 1% 0% 4% 1% yoy 0% 5% 8% 60% 9% 1% Wire 10% 28% 43% 32% 34% 40% 18% RM343.25mil 20% 29% 23% 21% 29% 26% 0% 1% 2% 4% 1% 1% 2020 2021 2022 2023 2024 Fasteners 25.3% Others North America Europe Other
Slide 8: Investment Merits
Expanding product portfolio to serve wider range of clientele… Currently at single-digit valuation Wider product Globally- portfolio established impetus to fastener customer manufacturer expansion Positive trend of Wire products high-margin DIY making headway segment to overseas enhance bottom line
Slide 9: Thank you
Thank you Bloomberg: CWH MK, Reuters: CWHB.KL
Chin Well Holdings — Shareholder Meeting (November 2024) on 6ix