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4Q 2014 / FY2014
Financial Results Announcement
18 February 2015
• Dynamic International Corporation with diversified business:
• Listed on Main Board of Singapore Exchange
• Global Player with 8 Sales Offices, 4 R&D Centres and over 2,000 employees worldwide
• State-of-the-Art Electronics and LED Lighting Manufacturing facilities
• Quality Assurance - ISO Certified – TL9000, TS16949, ISO9001, ISO14001
Group Profile
2
4Q / FY2014 Turnover
3
(S$’m)
100
60
20
0
40
80
4Q 2013
$83.1m
4Q 2014
$77.3m
0 FY2013
$241.2m
FY2014
$329.4m
(S$’m)
150
50
100
200
250
300
350
(S$’m)
0
1
2
3
4Q 2013
$0.3m
4Q 2014
$3.1m
(S$’m)
0
1
2
3
FY2013
$6.5m
FY2014
$5.8m
4Q / FY2014 Net Profit
4
5
7
4
6
5
S$’m FY2014 FY2013 % change
Turnover 329.41 241.15 36.6
Gross Profit 34.73 31.76 9.3
Gross Profit Margin 10.5% 13.2% (2.7)
Net Profit After Tax 5.78 6.47 (10.7)
Net Profit Margin 1.8% 2.7% (0.9)
Earnings Per Share 1.19 cts 1.33 cts (10.5)
EBITDA 17.76 15.83 12.2
Financial Highlights
6
S$’m FY2014 FY2013 % change
Current Assets 143.01 115.16 24.2
>> including Cash & Bank
Balance; and 20.48 25.68
(10.3%)
>> Bonds (Liquid Assets) 4.48 2.16
Current Liabilities 119.18 87.40 36.4
Net Working Capital 23.83 27.75 (14.1)
Non-Current Assets 76.90 58.42 31.6
Non-Current Liabilities 14.33 1.52 842.3
Total Assets 219.91 173.57 26.7
Total Liabilities 133.52 88.92 50.1
Shareholders’ Equity 86.40 84.65 2.1
Balance Sheet Summary
7
Key Indicators
FY2014 FY2013 change
Debtors (S$’m) 60.97 43.23 41.0%
Debtor Turnover (Days) 58 54 4 Days
Creditors (S$’m) 54.21 30.66 76.8%
Creditor Turnover (Days) 58 58 -
Inventory (S$’m) 48.37 38.57 25.4%
Inventory Turnover (Days) 59 65 (6 Days)
Capital Expenditure (S$’m) 17.01 8.94 90.3%
Current Ratio (x) 1.20 1.32 (9.1%)
Quick Ratio (x) 0.80 0.88 (9.1%)
Gearing Ratio (x) 0.8 0.6 33.3%
8
Operating Cash Flow Summary
n.m. - not meaningful
S$’m FY2014
FY2013 % change
Profit before Income Tax 7.20 7.51 (4.0)
Depreciation & Amortisation 9.27 7.44 24.6
Other Non Cash-Flow
Adjustments 1.02 1.47 (30.6)
Operating Cash Flows before
Movement in Working Capital 17.49 16.42 6.5
Changes in Working Capital (4.08) (25.17) (83.8)
Interest & Income Tax Paid (2.94) (1.84) 59.4
Net Cash from (used in)
Operating Activities 10.47 (10.59) n.m.
9
Business Segment S$’m %
Electronics 196.78 59.7
Material Supply & Marine
127.66 38.8
F&B Retail & Supplies 4.97 1.5
Total 329.41 100.0
Region S$’m %
Asia Pacific 241.08 73.2
Europe 83.03 25.2
North & South America 4.51 1.4
Others 0.79 0.2
Total 329.41 100.0
By Business Segment By Region
F&B
1.5%
Material Supply
& Marine
38.8%
Electronics
59.7%
Europe
25.2%
Others
0.2%
North & South
America
1.4%
Asia Pacific
73.2%
FY2014 Turnover
Electronics Business
11
Operational Update
Continue to promote Aztech as the leading broadband and networking brand
Continue to innovate on faster speed HomePlug and Wireless Fibre Gateway
Expand Aztech HOME range of home appliances
Moving Forward
Sales of Electronics in FY2014: S$196.8m (increase of 19.9% compared to FY2013))
Launch of Aztech HOME range of home appliances – Air Purifier, 8-in-1 Multifunction
Cooker, Kettle etc
Introduced networking products – Aztech HL129EP 1200Mbps HomePlug,
FG7008GR(AC) 2400Mbps Gigabit Router and MWR647 4G Mi-Fi with Built-in PowerBank
Electronics Business
11
HL115EP HomePlug AV
500Mbps Gigabit Ethernet Adapter
with AC Pass Through
HL113EP HomePlug AV
200Mbps Ethernet Adapter with
AC Pass Through
HL117EP HomePlug AV
500Mbps Fast Ethernet Adapter with AC Pass
Through
HL119EP HomePlug AV2
600Mbps Gigabit Ethernet Adapter with Smart Link
HL129EP HomePlug AV2
1200Mbps Gigabit Ethernet Adapter with Smart Link
HL113EW HomePlug AV 200Mbps
with 150Mbps Wi-Fi Extender
HL117EW HomePlug AV 500Mbps
with 300Mbps Dual-band Wi-Fi Extender
Powerline Networking
Products
12
HL129EW HomePlug AV 1200Mbps with 300Mbps Dual-band
Wi-Fi Extender
WL559E 300Mbps Wireless
Repeater
WL580E Dual Frequency 300Mbps
Wireless Repeater
WL590E Dual Frequency 750Mbps
Wireless AC Repeater
MWR647 4G MiFi Router with Built-in Powerbank
MWR657 4G MiFi Router with Built-in Powerbank
Wireless Repeater & 4G Mi-Fi Powerbank
Wireless-N IP Camera
Products
13
HIPC700 500 Mbps HomePlug
IP Camera
WIPC409HD HD Wireless-N IP Camera
with 2-Way Audio Support
WIPC410HD Enhanced HD Wireless-N
Pan/Tilt IP Camera
FG7003GRV 4-Port Wireless-AC
(1600Mbps) Fibre Gateway
FG7008GRV(AC) 4-Port Wireless AC
(2400 Mbps) Fibre Gateway
FG7000GRV 4-Port 300 Mbps Wireless +
Voice Over IP Gateway
DSL5028EN(2T2R) 4-Port ADSL2/2+ 300Mbps
Wireless-N Modem Router with USB host
VDSL5038GRV 4-Port VDSL2 300Mbps
Wireless-N Gateway with USB 2.0 Host
FG8800GRV 4-Port Gigabit Dual-Frequency
Wireless-N Fibre Gateway
Fibre Gateway
ADSL / VDSL
Products
14
DSL5028EN(1T1R) 4-Port ADSL2/2+ 150Mbps Wireless-N Modem Router
with USB Host
Aztech Home
VC2000 Smart Robotic Vacuum Cleaner
AEK1700 Electric Kettle
EG008 LollieEgg Roll Maker
SJ1000 JuiceMAX Slow Juicer
MT400 Air Purifier
MT402 Air Purifier
Products
15
MF801 8-in-1 Multi Function Cooker
ABM750 Bread Maker
ASM800 Soup Maker
ANM500 Noodle Maker
LED Lighting Business
17
Operational Update
Stable revenue contribution from LED lighting business
Expanded factory facilities in China to cater for manufacturing of LED lighting
New product launch – AZPOSE LED Floodlight, AZEL Glass Tubes and SHAPDE Lamp
Expand product offerings for retail market
Continue to increase brand awareness through participation in international trade shows
Continue to expand business in re-lamping and new projects
Moving Forward
LED Lighting
18
New LED Products
19
LF212 LF212B 2-feet, 9W 800lm
LF424 LF424B 4-feet, 21W 1600lm
LED Batten Fitting with
Sensor
LED Batten Fitting
LFE207 LFE207B 2-feet, 7W 750lm
LFE414 LFE414B 4-feet, 14W 1500lm
LF212S LF212BS 2-feet, 9W 800lm
LF424S LF424BS 4-feet, 21W 1600lm
LFE207S 2-feet, 7W 750lm
LFE414S 4-feet, 14W 1500lm
LED T5 Fitting
LFC2-104 1-feet, 4W 350lm
LFC2-208 2-feet, 8W 700lm
LFC2-312 3-feet, 12W 1050lm
LFC2-416 4-feet, 16W 1400lm
Lighting Products
AZCESS LF / LFE LED Batten Fitting
AZPAND LFC T5 LED Fitting
19
20
Lighting Products
AZSENCE LDR / LDS / LDRA / LDSA series LED Downlight
AZPRESS / AZPRESS+ LCR series LED Ceiling Light
LDR3H12 3.5-inch, 11W 850lm
LED Downlight
Dimmable LED
Downlight
LDRA824/830 8-inch, round 24/30W
LDR412 4-inch, 11W 850lm
LDS412 4-inch, 11W 850lm
LDR612E 6-inch, 11W 800lm
LDRA616/624/630 6-inch, round 16/24/30W
LDSA616/624/630 6-inch, square 16/24/30W
LCR1424 (Lunar) 20W, 1400lm
LCR1424 (Solar) 20W, 1400lm
14-inch LED Ceiling
Light
LCR1930M 30W, 2700lm Dimmable, adjustable colour temperature with Night Light
19-inch LED Ceiling
Light
20
21
Lighting Products
AZPLORE LBHR series LED Bulkhead / 2D Luminaire
Handheld Light / AZCEND Globe / AZIS Spot LED Bulb
LBHR1424 LBHR1424S 14-inch, 24W 1350lm
LBHR1424B LBHR1424BS 14-inch, 24W 1350lm
LED 2D Luminaire
LED Bulk Head
LBHR810 LBHR810S 8-inch, 10W 800lm
LBHR1120 LBHR1120S 10-inch, 20W 1600lm
LBHR1120B LBHR1120BS 10-inch, 20W 1600lm
LHE102 1-feet, 1.5W 170lm, USB rechargeable
LE27G58-6 E27, 6W 550lm
LMR16D24-6 LMR16D36-6 GU5.3, 6W 450lm
21
Lighting Products
AZCEL LT8 series LED Tube
LT8F210 2-feet, 10W 850lm
LT8F419 4-feet, 19W 1800lm
LT8S419 4-feet, 19W 1800lm
LT8B209E LT8BR209E LT8B209EP 2-feet, 9W, 825lm
LT8B418E LT8BR418E LT8B418EP 4-feet, 18W, 1650lm
LT8B522E LT8BR522E 5-feet, 22W 2000lm
LT8B208P LT8B208PEP 2-feet, 8W, 1000lm
LT8B416P LT8B416PEP 4-feet, 16W, 2000lm
LT8B525P 5-feet, 25W 3125lm
LT8G208 2-feet, 8W 800lm
LT8G416 4-feet, 16W 1600lm
22
Material Supply & Marine
24
Total contribution of 38.8% to Group Turnover in FY2014 (S$127.7m)
A major sand importer with multiple sourcing capabilities, supported by sizable fleet of
marine vessels
Acquired shipyard at 15D Pandan Road and set up as AZ Marine Offshore Services (AMOS)
Strengthen core marine logistics capability and expand ship repair and maintenance
capacity
Continue to explore new business opportunities
Provide full-fledged marine transportation &
offshore services
Expand service offerings
Moving Forward
Operational Update
24
25
Services
One-stop centre with vertically integrated system
Bulk import of construction materials
Reclamation work
Material supply chain management
Comprehensive maritime logistics and husbanding support
Ship repair and maintenance
Customised fabrication works for oil & gas and offshore sector
Efficient lifting and supply support via wide water frontage and dedicated jetty
Provision of tugs and barges
Dredging Transportation Stevedoring Discharge
Shipyard with site area of 251,500 square feet and water
frontage of 2,475 feet long
Diversified service portfolio includes ship management,
vessel agency, ship chandling and ship brokerage services
Owns 11 tugs, 13 barges, 2 conveyor barges, 2 mooring
boats and 1 passenger launch that can support a wide
range of operations
26
Shipyard
Warehouse and Workshop Storage, Small Craft refurbishments Tugboats
13 Barges • Az Beijing
• Az Chengdu • Az Xiamen • Az Qingdao • Az Fuzhou • Az Kunming
• Az Guangzhou • Az Tianjin • Az Dalian • Az Shanghai • Az Changi 9 • AZ CHT
• NUSA 14
27
Fleet
Biden Az Xiamen Az Marigold
11 Tugboats • Az Rose
• Az Sakura • Az Orchid • Az Lily • Az Sunflower • Az Tulip
• Az Peony • Az Lavender • Az Carnation • Az Iris • Az Marigold
2 Conveyor Barges • Aiden • Biden
1 Launch Boat • Ciden
2 Mooring Boats • Az Zavier
• Az Zoey
28
F&B Retail & Supplies
29
F&B Retail & Supplies
Contributed S$5.0 million to Group Turnover in FY2014
Direct import and sales of premium food products
Agency / Distribution for brands such as Gourmet Chef Packers,
Aux Champs d'Élisé and Junta
Research and develop own range of products
Continue to expand product offerings and distribution services
Focus on promoting product range to food services and retail market in Singapore
With the acquisition of Kay Lee Roast Meat Joint, to expand and drive revenue growth
for the Group’s F&B Division
Moving Forward
Operational Update
29
30
Shiro F&B Products
Jade Canned Products
Seafood & Meat Products
Hokkaido Scallop
30
UHP Lobster Meat Canadian Beef Kagoshima Wagyu Beef Brome Lake Duck
31
Ready-to-Cook
31
Food Business F&B Retail & Supplies
F&B Retail & Supplies
34
Kay Lee F&B
Acquired Kay Lee Roast Meat Joint business and its outlet at
125 Upper Paya Lebar Road in November 2014
First Kay Lee branch opened in Suntec City in February 2015
offering a variety of food items
Set up Central Kitchen in Senoko for preparation of roast items
Plan to open more Kay Lee outlets in Singapore
To expand and drive revenue growth for the Group’s F&B Division
Moving Forward
Operational Update
34
Kay Lee Food Items
Corporate Updates
HQ Showroom @ Ubi
37
Sitex, Singapore – Nov 2014 Pikom PC Fair, Malaysia – Dec 2014
Events & Exhibitions
38
Events & Exhibitions
39
Hong Kong International Lighting Fair (Autumn Edition) – Oct 2014
HomeDec, Malaysia – Oct 2014
This presentation should be read in conjunction with Aztech Group’s Results for the period ended 31 December 2014 in the SGXNET announcement. This presentation may contain certain forward-looking statements which are based on Aztech Group’s current views, intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside Aztech Group’s control and that could cause actual results, performance or achievements for the Group to differ materially from such statements. Such risks and uncertainties include industry and economic conditions, competition, and legal, governmental and regulatory changes. Consequently, readers are cautioned not to place undue reliance on any forward-looking statements.
For more information, please visit www.aztech-group.com
Corporate Communications: Jesmine Ong [email protected] DID: +65 6594 2276
Disclaimer
40
THANK YOU