Xmh Holdings Ltd. · SGX:BQF
Xmh — Q1 FY2016 Earnings Presentation
18 slides from Xmh's earnings presentation, Sep 22, 2015
Slide 1: 1Q2016 Results Presentation
1Q2016 Results Presentation PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the "Information") is provided by XMH Holdings Ltd. (the "Company") to you solely for your reference and may not be retransmitted or distributed to any other person. The Information has not been independently verified and may not contain all
Slide 3: Presentation Outline
Presentation Outline Financial Highlights Outlook, Strategies and Recent Developments PRIVATE & CONFIDENTIAL © 2014 XMH HOLDINGS LTD 3
Slide 4: Financial Highlights
Financial Financial Highlights Highlights
Slide 5: Financial Summary
Financial Summary 1Q2016 Revenue was weaker y-o-y due to slower sales from the Indonesian market; GPM improved due to increase in margins from “projects” and “distribution” businesses; NPM decreased in line with lower revenue, and higher operating expenses due to consolidation of ZPA Profit & Loss 1
Slide 6: Revenue
Revenue Revenue Quarterly Analysis S$’ million 120.0 1Q2015 1Q2016 S$25.8m S$23.8m Decrease in Revenue Primarily due to the lower revenue from both the 90.0 “projects” and “after sales” 23.4 4Q business segments. Lower revenue in the 60.0 105.2 23.1 3Q “projects” segment due to 97.6 timing of contra
Slide 7: Profitability Trend (Gross Profit / Gross Profit Margin)
Profitability Trend (Gross Profit / Gross Profit Margin) Gross Profit S$’ million Gross Profit Margin 40.0 Quarterly Analysis 40.0% 1Q2015 1Q2016 S$6.7m S$6.3m 30.0 27.8% 26.0% 30.0% 25.2% 25.8% 26.7% Higher GPM 23.5% Primarily due to higher 20.0 20.0% gross profit margins in the “projects” and 27.3
Slide 8: Profitability Trend (Net Profit / Net Profit Margin)
Profitability Trend (Net Profit / Net Profit Margin) Net Profit S$’ million Net Profit Margin 20.0 25.0% 18.0 15.3% Quarterly Analysis 16.0 1Q2015 1Q2016 12.8% 11.7% 15.0% 14.0 S$1.4m S$0.7m 12.0 5.8% 5.4% Net profit and NPM fell 10.0 3.1% 5.0% Net profit declined in line with decreased revenue and
Slide 9: Balance Sheet
Balance Sheet 31 July 2015 30 April 2015 Balance Sheet S$’000 S$’000 Property, plant and equipment 46,770 32,467 Intangible assets 16,173 16,470 Inventories 31,217 32,367 Trade and other receivables 28,243 31,113 Contract work-in-progress 8,720 9,443 Cash and cash equivalents 21,701 24,698 Loans and
Slide 10: Outlook, Strategies & Developments
Outlook &Strategies Outlook, Strategies & Developments
Slide 11: Outlook
Outlook Outlook remains volatile and challenging • Global economic uncertainty • Slow down in offshore and marine industry - Prevalent weak oil prices Riding on developments in the region • Singapore’s transition into a infocomm hub • Indonesia’s mega plans for shipbuilding • Gradual increased activ
Slide 12: Growth Strategies
Growth Strategies • Expansion of supplier base Securing • Securing new distributorships new customers in emerging markets Deploy Exploration marketing of New staff and establish Revenue representatives Streams in new markets Concerted • Increase market share efforts when pitching for projects • Pitc
Slide 13: Growth Strategies
Growth Strategies • New 7-storey facility • Establish assembly line for in-house Capitalize on larger brands working area Optimization, Expand in- Development house range and of products and services Prudence • Working closely with identified Focus on stronger partners financials • Further develop a
Slide 14: Recent Developments
Recent Developments • Jun 2015 – XMH secures new contracts worth over S$23.1 million − MPG secured two contracts in different industries, one for a data centre and the other for a healthcare centre totalling S$15.5 million − ZPA secured a total of six consecutive contract wins in the recent month to
Slide 15: Recent Developments
Recent Developments • Mar 2015 – Completion of ZPA acquisition − A profitable entity and immediately earnings accretive − Promote business growth leveraging on ZPA’s sales network and existing customer base − Gradually implement ZPA’s technical knowledge and capabilities into XMH − Complementary sui
Slide 16: Share Statistics
Share Statistics Bloomberg code XMH SP EQUITY Reuters code XMHL.SI Share Price S$0.15 Market Capitalization S$66.8 million (445.1M shares) P/E 13.89 NAV per share S$0.14 Free Float 23.5% Substantial Shareholders Insiders 49.7% Credence Capital 18.8% House Call / Target Price OSK-DMG (Lee Yue Jer) BU
Slide 17: Summary
Summary • Business was weighed down by − “After sales” segment: Macroeconomic factors causing slower economic growth in Indonesia − “Projects” segment: Primarily due to the timing of contract deliveries in 1Q2016 as compared to the exceptionally high deliveries recorded in 1Q2015 • Macro conditions
Slide 18: THANK YOU
THANK YOU Investor Relations | Financial PR Pte Ltd | Romil SINGH | Jonathan YEOH T: +65 6438 2990 F: +65 6438 0064 | staff@financialpr.com.sg