Analogue Holdings Limited · HKEX:1977
Analogue — FY2021 Earnings Presentation
43 slides from Analogue's earnings presentation, Apr 6, 2022
Slide 1: FY2021 Annual Results Investor Presentation
ANALOGUE HOLDINGS LIMITED FY2021 Annual Results Investor Presentation 6 April 2022
Slide 2: Disclaimer
DISCLAIMER Disclaimer All information including statements, views and opinions contained herein this report, this presentation and accessory discussions whether in writing, orally provided or in any other form (the “Information”) does not constitute an offer of any form for the purposes of any appli
Slide 3: Contents
CONTENTS 01 COMPANY OVERVIEW 02 FINANCIAL REVIEW 03 BUSINESS REVIEW 04 OUTLOOK & GROWTH STRATEGIES 05 Q&A 3
Slide 4: Company Overview
COMPANY OVERVIEW Leading E&M engineering 45 years of operating history with service provider in Hong Kong an extensive client portfolio Provide comprehensive E&M Pioneer technical excellence engineering and technology and R&D; garnered 55 patents services to private and public and designs internatio
Slide 5: Outstanding Achievements
OUTSTANDING ACHIEVEMENTS Application of Advanced Technologies Expansion to Overseas Markets ◼ Modular Integrated Construction (MiC) ◼ MultiTrade Integrated Mechanical, Electrical and Plumbing ◼ Strategic alliance with TEI in US (MiMEP) ◼ First foothold in UK for Lifts and Escalators business ◼ Inter
Slide 6: Extensive Market Recognition: Awards Achieved
EXTENSIVE MARKET RECOGNITION: 47 AWARDS ACHIEVED CIC Outstanding Contractor Awards 2021 Bloomberg Businessweek/Chinese Edition - Listed Enterprises of the Year • Grand Award – Specialist Contractor • Listed Enterprises of the Year • Professionalisation Award – Specialist Contractor • Outstanding Per
Slide 7: Awards
AWARDS Hong Kong Green and Sustainable Finance Awards 2021 (HKQAA) Life First Safety Promotion Campaign • Outstanding Award for Green and Sustainable Loan Issuer (Construction Industry) - • Most Engaging Contractor Visionary Green Loan Framework • Leadership Award for Green and Sustainable Finance D
Slide 8: Awards
AWARDS Elevator World’s 2021 Project of the Year Autodesk Hong Kong BIM Awards 2021 • Escalators, Modernisation – Champion Central-Mid-Levels Escalator and Walkway System Modernisation project The Outstanding Construction and Renovation Award Ceremony 2020 The International Exhibition of Inventions
Slide 9: Awards
AWARDS Young Engineers Awards 2021 (CIBSE) • Employer of the Year (Large category) Good MPF Employer Award (MPFA) • The Good MPF Employer 5 Years+ 2021 CTgoodjobs Best HR Awards 2021 • Best Family-friendly Employment Policy Award – Grand • Top Workplace Companies Award – Gold SCMP Classified Post -
Slide 10: Financial Review
@ATAL | FINANCIAL REVIEW
Slide 11: Financial Highlights: Sustained Market Leading Position
FINANCIAL HIGHLIGHTS Sustained Market Leading Position Revenue HK$5,350.7 million + 10.8%* Net profit HK$314.3 million + 4.3% High dividend payout ratio 50.2% Bank Balances and Cash HK$801.7 million Low Gearing Ratio 13.7% * After adjusting TEI’s contribution in FY2020 11
Slide 12: Key Financial Data
KEY FINANCIAL DATA After adjusted TEI’s and ESS contribution in FY2020 FY2020 FY2021 Growth after Growth - (HK$’M) (HK$’M) adjustment Revenue 5,125.2 5,350.7 4.4% 10.8% Gross Profit 909.1 878.4 (3.4%) 4.2% Gross Profit Margin 17.7% 16.1% 16.4% (1.3%) 0.3% Profit attributable to owners of the Company
Slide 13: Revenue Breakdown
REVENUE BREAKDOWN Revenue: +10.8%* * After adjusting TEI’s contribution in FY2020 13
Slide 14: Continuous Growth of Maintenance Business
CONTINUOUS GROWTH OF MAINTENANCE BUSINESS 14
Slide 15: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31 Dec 2020 31 Dec 2021 (HK$’M) (HK$’M) Current assets 3,148.0 3,068.4 Current liabilities 1,791.8 1,972.1 Bank balances and cash 1,116.1 801.7 Net current assets 1,356.2 1,096.3 Total assets less current liabilities 2,077.9 2,477.1 Current ratio 1.8x 1.6x Gearing ratio N/
Slide 16: Stably & Proactively Returning Capital to Shareholders
STABLY & PROACTIVELY RETURNING CAPITAL TO SHAREHOLDERS Payout ratio 50.2% Dividend yield1 6.6% (HK cents / share) 1Dividend yield as of 4 April 2022 16
Slide 17: ESG Initiatives
ESG INITIATIVES First Qualified E&M Engineering Group in Hong Kong 1 2 CIC HKQAA Sustainable Finance Certification Scheme Green and Sustainable Finance Certification Scheme ◼ Launched first Green Finance Framework in line ◼ Obtained the Green Loan Pre-Issuance Stage Certificate with the Group’s comm
Slide 18: Business Review
BUSINESS REVIEW
Slide 19: Building Services
BUILDING SERVICES Contracts-in-hand: HK$ 4,892 million +6.6%
Slide 20: Building Services
BUILDING SERVICES Largest Business Segment* providing one-stop E&M services (HVAC, FS, P&D, EL and ELV) Institutional Industrial Healthcare Infrastructure Data Centre Residential Commercial New Technology New Market New Business Model Secured MiC projects worth HK$150M Actively exploring opportuniti
Slide 21: Signature Projects
SIGNATURE PROJECTS Reprovisioning of Proposed Commercial Development at AIRSIDE Fu Shan Public Mortuary NKIL 6557 Contract sum: HK$ 237M Contract sum: HK$ 865M Contract sum: HK$ 699M 21
Slide 22: Signature Projects: Healthcare Sector
SIGNATURE PROJECTS Great Opportunities in Healthcare Sector Hong Kong West Hospital Clusters Memorandum of Understanding with Chinachem Group Contract sum: HK$ 369M − Gain larger foothold in healthcare sector − Open up new technologies and business models E&M works in 7 public hospitals Security and
Slide 23: Signature Projects: Data Centre
SIGNATURE PROJECTS Leading Data Centre Infrastructure Service Provider Government Data Centre Complex, A number of installation and maintenance projects from Cheung Sha Wan major data centre operators in HK Contract sum: HK$ 900M 23
Slide 24: Signature Projects: Greater Bay Area
SIGNATURE PROJECTS Involvement in Greater Bay Area Hong Kong Jockey Club Conghua Racecourse, China Galaxy Hotel Phase 3, Macau Contract sum: RMB170M Contract sum: HK$ 300M 24
Slide 25: Environmental Engineering
ENVIRONMENTAL ENGINEERING Contracts-in-hand: HK$ 4,977 million +24.6%
Slide 26: Environmental Engineering
ENVIRONMENTAL ENGINEERING Delivering total solutions covering design, build, operation and maintenance (DBO) of environmental engineering facilities Water Sewage Sludge Solid Wastes Gas Treatment New Technology New Market New Business Model Advance technologies and innovative Explore overseas opport
Slide 27: Signature Projects
SIGNATURE PROJECTS Yuen Long Sewage Treatment Works O&M works in Castle Peak Power Station and Yuen Long Effluent Polishing Plant and Black Point Power Station Contract sum: HK$ 1,228M Contract sum: HK$ 107M 27
Slide 28: Signature Projects
SIGNATURE PROJECTS Cheung Chau Sewage Treatment and Disposal Facilities San Shek Wan Sewage Treatment Works Associated Contract sum: HK$ 306M Submarine Outfall and Pui O Sewerage Works Contract sum: HK$ 156M 28
Slide 29: Information, Communications & Building Technologies
INFORMATION, COMMUNICATIONS & BUILDING TECHNOLOGIES Contracts-in-and: HK$ 877 million +9.1%
Slide 30: Information, Communications & Building Technologies
INFORMATION, COMMUNICATIONS & BUILDING TECHNOLOGIES Offering green and intelligent building solutions, integrate ICT technologies with building energy and management technologies to facilitate Hong Kong’s evolution to a Smart City Smart Smart Smart Smart Smart Mobility Living Environment People Econ
Slide 31: Signature Projects
SIGNATURE PROJECTS IFMA Asia Pacific Awards of Excellence 2021 – Winner of Asia Pacific Innovation Award Photovoltaic systems in more than 100 schools and NGOs Hong Kong’s First Automated Robotic Parking System Contract sum: HK$ 19M Contract sum: HK$ 12M 31
Slide 32: Signature Projects
SIGNATURE PROJECTS IEQ monitoring for Swire’s shopping malls Retro-commissioning and Energy Audit Service Contract sum: HK$ 3M Contract sum: HK$ 1M 32
Slide 33: Lifts & Escalators
LIFTS & ESCALATORS Contracts-in-hand: HK$ 563 million +16.4%* *Excluding TEI’s contribution
Slide 34: Lifts & Escalators
LIFTS & ESCALATORS Providing one-stop solutions from design, manufacturing, sales, installation, maintenance and modernization of lifts & escalators Moving Lifts Escalators Acclaimed Lifts and Escalators Brand Walkways New Technology New Market New Business New Technology New Market ModelModel New B
Slide 35: Signature Projects
SIGNATURE PROJECTS Central-Mid-Levels Escalator and Walkway System Contract sum: HK$ 128M 35
Slide 36: Signature Projects
SIGNATURE PROJECTS Series projects of Puzzle Stacking Automated Parking System Design, supply and installation of heavy-duty freight lift, Contract sum: HK$ 7M Hong Kong Palace Museum Contract sum: HK$ 3.6M 36
Slide 37: Signature Projects: New Market Global Expansion
SIGNATURE PROJECTS New Market: Global Expansion Tap into the US Market with Transel ◼ Serving millions of users in Asia, the Americas, and Europe Elevator & Electric (“TEI”) ◼ One of the largest independent lifts and escalators companies in New York ◼ Capture business opportunities in US United King
Slide 38: Maintenance Business
MAINTENANCE BUSINESS Generate Recurring Revenue for the Group Contribution to the FY2019 FY2020 FY2021 +18% Group’s revenue 15.1% 17.2% 17.7% CAGR Term contract of MTR Shatin AI Energy Management Platform, IoT applications, and Central Link Tuen Ma Line Video Analytics technology Contract sum: HK$ 1
Slide 39: Outlook & Growth Strategies
@ATAL | Sy »~— PT OUTLOOK & GROWTH STRATEGIES
Slide 40: Market Opportunities
MARKET OPPORTUNITIES Infrastructure: Forecast the annual construction output in Hong Kong will total around $300 billion across public, private housing, and commercial development with strong pipeline of infrastructure projects and critical land development along new railway lines Smart and Sustaina
Slide 41: New Chapter of Growth
NEW CHAPTER OF GROWTH New Technology ✓ Drive continuous improvement and develop new technologies in hospital facilities, lifts and escalators, automatic smart car park systems; and Digital twin technologies in water and wastewater plants ✓ Further invest in R&D of IoT, AI, Big Data Analytics, MiC, M
Slide 42: Q&A
Q&A
Slide 43: Thank You
@ATAL | THANK YOU