Slide 1: PAX Global Technology Limited 2021 annual results
PAX Global Technology Limited (327.HK) 2021 annual 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 the introduction of the Company. By accepting
Slide 3: Agenda
Agenda ❖ FY 2021 - 5 key achievements - Financial results ❖ Strategic analysis - Android smart terminals 3 PAX Global 2021 annual results
Slide 4: 5 PAX achievements in 2021
5 PAX achievements in 2021 78% Record Superior Surging Achieved Ongoing financial numbers supply chain Android demand financial targets corporate action ▪ Revenue： ▪ Annual global shipment： ▪ Sales of Android smart terminals： ▪ Revenue： ▪ Proposed final dividend： HK$ 7,196 million > 12 million units
Slide 5: Profit for the year surpassed HK$1 billion, +21% Year on Year
Profit for the year surpassed HK$1 billion, +21% Year on Year +27.3% Revenue HK$ 7,196 million Gross profit Gross profit margin +21.0% HK$ 2,827 million 39.3％ +20.8% Profit for the year HK$ 1,092 million +19.8% Operating profit Operating profit margin HK$ 1,278 million 17.8％ 5 PAX Global 2021 annual
Slide 6: PAX continued emphasis on shareholder value
PAX continued emphasis on shareholder value - proposed final dividend up 50% - (HK cents) (Payout ratio) 30 30% 27% 25 25% 21% 20 20% Share buybacks Final dividend 17% 18% (proposed) 15 15% 11 times +50% 10 10% ▪ Repurchased 13 million shares 15 HK cents per share 5 5% ▪ Total value HK$ 87 million P
Slide 7: Operating expenses analysis
Operating expenses analysis Year ended 31 December 2021 2020 +/- HK$ ‘000 HK$ ‘000 Selling expenses 716,234 499,321 + 43.4% Administrative expenses 958,185 781,456 + 22.6% Selling expenses • Breakthroughs in various regions led to proportionately higher sales commissions & employee bonuses Administr
Slide 8: Working capital analysis
Working capital analysis As at 31 December 2021 2020 +/- HK$ ‘000 HK$ ‘000 Inventories 2,071,285 1,629,901 + 27.1% Trade and bills receivables 2,081,977 1,434,253 + 45.2% Trade payables 1,668,823 1,371,267 + 21.7% Cash and cash equivalents1 3,532,954 3,802,741 - 7.1% Turnover days Inventory 175 183
Slide 9: International sales achieved strong growth - EMEA & USCA regions top performers
International sales achieved strong growth - EMEA & USCA regions top performers - EMEA Europe • Growing popularity of PAX Android terminals & PAXSTORE in the UK, Italy, Germany, USCA HK$ EMEA HK$ Poland, France, Greece +56% 793 M +48% 1,881 M • Breakthroughs in niche sectors such as unattended self-
Slide 10: International sales achieved strong growth - Brazil & Asia Pacific growth engines
International sales achieved strong growth - Brazil & Asia Pacific growth engines for PAX - LACIS Brazil • PAX maintains its market-leading position USCA HK$ EMEA HK$ • Launched the M30 - the world’s first Android PayPhone +56% 793 M +48% 1,881 M Argentina, Mexico, Chile • Achieved significant sales
Slide 11: Corporate strategies focus on present & future development strategy
Android smart terminal combined with the Corporate strategies focus on PAXSTORE platform is the core of PAX’s product innovation, information present & future development strategy security and supply chain 11 PAX Global 2021 annual results
Slide 12: Android smart terminals are merchants preferred interface for accessing SaaS
Android smart terminals are merchants preferred interface for accessing SaaS M8 SK300 PayTablet SmartKiosk A77 A920Pro Smart MiniPOS Smart Mobile POS 12 PAX Global 2021 annual results
Slide 13: PAX is considered the payment industry's leading R&D organization for Android smart terminals
PAX is considered the payment industry’s leading R&D organization for Android smart terminals Number of Android smart terminals connected to 4,359,000 PAXSTORE platform SaaS solutions revenue 3,496,000 HK$ 42 million 2,530,000 3,004,000 (+193%) 1,975,000 1,426,000 Android smart terminals revenue 1,0
Slide 14: PAX continues to enhance industry security standards
PAX continues to enhance industry security standards Investing more dedicated research & development resources for payment terminal certifications PAXSTORE is one of the few payment device management platforms to have successfully obtained payment card industry data security standard (PCI-DSS) certi
Slide 15: Investor relations contacts
Investor relations contacts Calvin Pei - Assistant Vice President Corporate Finance & Strategy Mina Pang - Investor Relations Manager Email: ir@pax.com.hk Tel: +852 2500 8510 15
Slide 16: Appendix: financial summary
Appendix: financial summary Year ended 31 December Condensed consolidated income statement 2021 2020 HK$’ 000 HK$’ 000 Revenue 7,195,982 5,650,619 Cost of sales (4,368,785) (3,313,310) Gross profit 2,827,197 2,337,309 Other income 96,315 77,838 Other gains/(losses), net 50,459 (2,115) Selling expens
Slide 17: Appendix: condensed consolidated balance sheet
Appendix: condensed consolidated balance sheet As at 31 December 2021 2020 HK$’ 000 HK$’ 000 Total non-current assets 1,031,172 681,943 Property, plant and equipment 485,527 129,240 Right-of-use assets 282,477 291,137 Others 263,168 261,566 Total current assets 7,790,106 6,955,116 Cash and cash equi
Slide 18: Appendix: working capital
Appendix: working capital As at 31 December 2021 2020 +/- HK$ ‘000 HK$ ‘000 Inventories 2,071,285 1,629,901 + 27.1% Trade and bills receivables 2,081,977 1,434,253 + 45.2% Trade payables 1,668,823 1,371,267 + 21.7% Cash and cash equivalents 3,532,954 3,802,741 - 7.1% Turnover days Inventory 175 183