Aztech Global Ltd. · SGX:8AZ
Aztech Global — H1 2023 Earnings Presentation
18 slides from Aztech Global's earnings presentation, Jul 21, 2023
Slide 1: Aztech Global Ltd. 1H 2023 Results Presentation
Aztech Global Ltd. 1H 2023 Results Presentation 21 July 2023
Slide 2: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 3: 1H 2023 Results
1H 2023 Results 1. Financial Performance Review 2. Interim Dividend 3. Business & Order Book Update 4. Outlook © 2022 2023 Aztech Global Ltd.
Slide 4: Financial Performance Review
Financial Performance Review Design to Build Resilient & Sustainable Manufacturability © 2023 Aztech Global Ltd.
Slide 5: 1H 2023 Key Financial Highlights
1H 2023 Key Financial Highlights Continued revenue growth and healthy balance sheet 1H 2023 As at 30 June 2023 EPS Net Cash NAV/Share 5.56 Cents $201.8M 40 Cents 1H 2022: 31 December 31 December 5.55 Cents 2022: $217.8 M 2022: 37 Cents (1) 1H 2023 and 1H 2022 basic & diluted EPS was computed based o
Slide 6: 1H 2023 Revenue by Segments
1H 2023 Revenue by Segments IoT Devices & Data-Communications Products – Key Revenue Contributor IoT and Data-Com Products Segment Revenue Revenue by Countries ($ Million) (%) (%) 1H 2021 1H 2022 1H 2023 © 2023 Aztech Global Ltd. All currencies are in Singapore dollars unless otherwise specified.
Slide 7: 1H 2023 Results Y-o-Y Comparison
1H 2023 Results Y-o-Y Comparison $ Million 1H 2023 1H 2022 % Change Revenue growth, efficiency gains and higher Revenue 388.6 364.6 6.6 interest income were offset by: ▪ Higher employee benefits expense as a result EBITDA 55.7 55.0 1.3 of higher headcount in line with higher Profit Before Tax 51.0 5
Slide 8: 2Q 2023 Results Y-o-Y Comparison
2Q 2023 Results Y-o-Y Comparison $ Million 2Q 2023 2Q 2022 % Change Higher interest income and foreign exchange Revenue 227.0 236.6 (4.1) gains were offset by: ▪ Higher other operating expense mainly due to EBITDA 38.1 36.8 3.5 purchase of tools and equipment for new Profit Before Tax 35.5 34.5 2.9
Slide 9: 2Q 2023 Results Q-o-Q Comparison
2Q 2023 Results Q-o-Q Comparison $ Million 2Q 2023 1Q 2023 % Change Revenue growth, efficiency gains and higher Revenue 227.0 161.6 40.5 foreign exchange gains of $7.9 million were partly offset by: EBITDA 38.1 17.6 116.5 ▪ Higher employee benefit expense and other Profit Before Tax 35.5 15.5 129.0
Slide 10: Balance Sheet Summary as at 30 June 2023
Balance Sheet Summary as at 30 June 2023 Healthy Balance Sheet with Net Cash of $201.8 M ($ Million) 30 June 2023 31 December 2022 Higher bank borrowings of $35.5 million as at 30 June 2023 due mainly to term loan taken to Cash & Bank Balances 181.1 196.0 partly fund the acquisition of the Pasir Gud
Slide 11: Interim Dividend
Interim Dividend Design to Build Resilient & Sustainable Manufacturability © 2023 Aztech Global Ltd.
Slide 12: 1H 2023 Interim Dividend
1H 2023 Interim Dividend Declared 1H 2023 Interim Tax-Exempt Dividend Per Share of 3 cents 1H 2023 Interim Tax-Exempt Ex-Date Record Date Payment Date Dividend Per Share Declared 3.0 cents 31-Jul-2023 1-Aug-2023 11-Aug-2023 ▪ Dividend payout ratio of about 54% of the Group’s 1H 2023 net profit (abov
Slide 13: Business & Order Book Update
Business & Order Book Update Design to Build Resilient & Sustainable Manufacturability © 2023 Aztech Global Ltd.
Slide 14: Pasir Gudang Facility & Order Book Update
Pasir Gudang Facility & Order Book Update Pasir Gudang Facility ▪ Commenced pilot plant trials production at the 300,000 sq ft facility ▪ Committed to get the facility ready to meet production requirements and schedule of customers ▪ Additional capacity at Pasir Gudang lifted the Group’s total manuf
Slide 15: Outlook
Outlook Design to Build Resilient & Sustainable Manufacturability © 2023 Aztech Global Ltd.
Slide 16: Operating Environment to Remain Challenging
Operating Environment to Remain Challenging Risks & Challenges relating to: Supply chain Inflationary cost pressures High interest rate environment Foreign currency fluctuations Macroeconomic uncertainties Geopolitical tensions Ramping up new Malaysia operations © 2023 Aztech Global Ltd.
Slide 17: Outlook
Outlook The Group is cautiously optimistic of its business, and will continue to take various mitigation measures to manage identified risks & challenges: Mitigation measures - Disciplined balance sheet & cost management - Leverage the Group’s versatile operational framework to manage and balance cu
Slide 18: Thank You
Thank You 21 July 2023 Aztech