Pax Global Technology Limited · HKEX:327
Pax Global Technology — H1 2021 Earnings Presentation
16 slides from Pax Global Technology's earnings presentation, 2021
Slide 1: PAX Global Technology Limited 2021 interim results
PAX Global Technology Limited (327.HK) 2021 interim results 1
Slide 2: Disclaimer
Disclaimer The information contained in these presentation materials has been prepared by PAX Global Technology Limited ( “Company” or “PAX”) (incorporated in Bermuda with limited liability) solely for use at the presentation to prospective investors for introduction of the Company. By accepting thi
Slide 3: Agenda
Agenda ❖ Results snapshot ❖ Android smart terminals and PAXSTORE platform ❖ Supply chain strategies 3
Slide 4: Net profit increased significantly by 34.4%
Net profit increased significantly by 34.4% +30.6% Revenue HK$ 3,319 million +34.4% Profit for the period HK$ 519 million Gross profit Gross profit margin +25.6% HK$ 1,327 million -1.6pts 40.0％ Operating profit Operating profit +35.8% +0.7pts margin HK$ 593 million 17.9％ 4 PAX Global Technology Limi
Slide 5: PAX consistently improved shareholder returns and increased interim dividend by 71%
PAX consistently improved shareholder returns and increased interim dividend by 71% (HK cents) (Payout ratio) 18 30.0% 16 25.5% 25.0% 14 20.5% 12 20.0% Share buybacks Interim dividend 16.8% 17.6% 10 2 times +71% 8 15.0% ▪ Jan - Jun 2021 6 10.0% ▪ Repurchased 1.6 million 12 HK cents per share 4 share
Slide 6: Four international regions continued robust growth
Four international regions continued robust growth LACIS Brazil： • Strong sales growth was mainly attributable to the country’s enhancing USCA HK$ EMEA HK$ electronic transaction acceptance infrastructure, coupled with PAX’s local +72% 387 M acquiring partners surging nationwide merchant networks. +
Slide 7: Four international regions continued robust growth
Four international regions continued robust growth EMEA Europe：PAX delivered positive performances in Italy, the United Kingdom, Greece, Germany and Poland, thanks to: USCA HK$ EMEA HK$ • the rising transaction limits for contactless payments among many +72% 387 M +63% 881 M European countries durin
Slide 8: PAX Android smart terminal ranks No.1 in Europe and the U.S.
PAX Android smart terminal ranks No.1 in Europe and 2021 1H the U.S. & is becoming the global trend Revenue contribution • With PAX Android smart terminals, digital transformation >HK$ 1,290M is no longer the exclusive remit of large enterprises, small merchants can also embrace the opportunities. (
Slide 9: PAXSTORE platform is the largest in the market with huge potential
PAXSTORE platform is the largest in the market with huge potential 2021 1H PAXSTORE ecosystem continues to expand, it SaaS solutions revenue >HK$ 20M operates in more than 80 countries around the world, with over 5,000 applications. Applications covers: payment, ordering, ticketing, inventory handli
Slide 10: Coping with the challenge of components shortage
To cope with the challenge of components shortage, PAX stocked up, optimized designs and strengthened cooperation Strengthened communication Stocked up chips and other Optimized product designs and cooperation with components in advance and adopted components suppliers in logistics and from multiple
Slide 11: PAX plans to build a Smart Terminal Industrial Park
PAX plans to build a Smart Terminal Industrial Park to increase production capacity and enhance supply chain management 1 Increase production capacity • Current annual capacity: approx. 12m units; 2 Build an enhanced and concentrated supply chain • Invite suppliers and sub-contractors expected annua
Slide 12: Smart Terminal Industrial Park is located in a favourable position of the electronics industry
Smart Terminal Industrial Park is located in a favourable position of the electronics industry Location Zhongkai High-tech Zone, Huizhou City, Guangdong Province, the PRC • Huizhou City is an important electronics industry cluster. It has geographical advantages with a comprehensive transportation n
Slide 13: Investor relations contacts
Investor relations contacts ▪ Calvin Pei, Assistant Vice President - Corporate Finance & Strategy ▪ Mina Pang, Investor Relation Manager Email: ir@pax.com.hk Tel: +852 2500 8510 13
Slide 14: Appendix: financial summary
Appendix: financial summary Six months ended 30 June Condensed consolidated income statement 2021 2020 HK$’ 000 HK$’ 000 Revenue 3,318,671 2,540,779 Cost of sales (1,991,506) (1,484,048) Gross profit 1,327,165 1,056,731 Other income 60,218 44,853 Other gains/(losses), net 18,656 (3,691) Selling expe
Slide 15: Appendix: condensed consolidated balance sheet
Appendix: condensed consolidated balance sheet At 30 Jun At 31 Dec 2021 2020 HK$’ 000 HK$’ 000 Non-current assets 765,294 681,943 Right-of-use assets 282,323 291,137 Property, plant and equipment 186,872 129,240 Others 296,099 261,566 Current assets 6,967,774 6,955,116 Cash and cash equivalents 3,34
Slide 16: Appendix: working capital
Appendix: working capital At 30 Jun 2021 At 31 Dec 2020 At 30 Jun 2020 HK$ ‘000 HK$ ‘000 HK$ ‘000 Trade and bills receivables 1,849,588 1,434,253 1,737,000 Inventories 1,683,634 1,629,901 1,282,235 Trade and bills payables 1,154,258 1,371,267 1,367,623 Cash and cash equivalents 3,344,135 3,802,741 2
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