1Q 2015
Financial Results Announcement
27 April 2015
Group Profile
• Dynamic International Corporation with diversified business:
• 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 – TL9000, TS16949, ISO9001, ISO14001
• Food Safety – ISO22000, HACCP SS444, SS590
2
1Q 2015 vs 1Q 2014 Financials
Turnover
(S$’m)
(S$’m)
Net Profit
100
$85.6m
$85.6m
80
2
$1.7m
60
$1.2m
1
40
20
0
1Q 2014
3
1Q 2015
0
1Q 2014
1Q 2015
1Q 2015 vs 4Q 2014 Financials
Turnover
(S$’m)
(S$’m)
Net Profit
100
$85.6m
80
2
$77.3m
60
$1.2m
1
40
20
$0.3m
0
4Q 2014
4
1Q 2015
0
4Q 2014
1Q 2015
Financial Highlights
1Q 2015 vs 1Q 2014
S$’m
5
1Q 2015
1Q 2014
% change
Turnover
85.59
85.58
-
Gross Profit
7.85
8.51
(7.8)
Gross Profit Margin
9.2%
9.9%
(0.7)
Net Profit After Tax
1.22
1.68
(27.5)
Net Profit Margin
1.4%
2.0%
(0.6)
EBITDA
4.48
4.03
11.1
Financial Highlights
1Q 2015 vs 4Q 2014
S$’m
6
1Q 2015
4Q 2014
% change
Turnover
85.59
77.34
10.7
Gross Profit
7.85
8.42
(6.8)
Gross Profit Margin
9.2%
10.9%
(1.7)
Net Profit After Tax
1.22
0.28
335.0
Net Profit Margin
1.4%
0.4%
1.0
EBITDA
4.48
3.50
28.0
Balance Sheet Summary
S$’m
7
31 Mar 2015
31 Dec 2014 % change
Current Assets
158.88
143.01
11.1
>> including Cash & Bank
Balance
29.02
20.48
41.7
Current Liabilities
132.68
119.18
11.2
Net Working Capital
26.30
23.83
10.4
Non-Current Assets
77.27
76.90
0.5
Non-Current Liabilities
15.10
14.33
5.3
Total Assets
236.14
219.91
7.4
Total Liabilities
147.68
133.52
10.6
Shareholders’ Equity
88.47
86.40
2.4
Key Indicators
31 Mar 2015
31 Dec 2014
change
66.33
61.12
8.5%
67
58
9 Days
63.07
54.21
16.4%
80
58
22 Days
52.76
48.37
9.1%
Inventory Turnover (Days)
69
59
10 Days
Capital Expenditure (S$’m)
3.91
17.01
(77.0%)
Current Ratio (x)
1.20
1.20
-
Quick Ratio (x)
0.80
0.80
-
Gearing Ratio (x)
0.53
0.57
(7.0%)
Debtors (S$’m)
Debtor Turnover (Days)
Creditors (S$’m)
Creditor Turnover (Days)
Inventory (S$’m)
8
Operating Cash Flow Summary
1Q 2015 vs 1Q 2014
1Q 2015
1Q 2014
% change
Profit before Income Tax
1.30
1.96
(34.0)
Depreciation & Amortisation
2.92
1.83
59.7
Other Non Cash-Flow
Adjustments
0.04
0.41
(90.2)
Operating Cash Flows before
Movement in Working Capital
4.26
4.20
1.5
Changes in Working Capital
3.16
(6.68)
n.m
(0.64)
(0.39)
66.0
6.78
(2.87)
n.m.
S$’m
Interest & Income Tax Paid
Net Cash from (used in)
Operating Activities
9
n.m. - not meaningful
Operating Cash Flow Summary
1Q 2015 vs 4Q 2014
1Q 2015
4Q 2014
% change
Profit before Income Tax
1.30
0.71
83.2
Depreciation & Amortisation
2.92
2.95
(0.1)
Other Non Cash-Flow
Adjustments
0.04
0.65
(93.8)
Operating Cash Flows before
Movement in Working Capital
4.26
4.31
(1.0)
Changes in Working Capital
3.16
6.54
(51.7)
(0.64)
(1.54)
(58.4)
6.78
9.31
(27.2)
S$’m
Interest & Income Tax Paid
Net Cash from Operating
Activities
10
n.m. - not meaningful
1Q 2015 Turnover
By Business Segment
By Region
North & South
Others
America
0.2%
1.1%
Europe
25.8%
Electronics
87.1%
Asia Pacific
72.9%
Material Supply
& Marine
10.7%
Business Segment
S$’m
%
Electronics
74.51
87.1
Material Supply &
Marine
9.17
10.7
F&B Retail & Supplies
1.91
2.2
85.59
100.0
Total
11
F&B
2.2%
Region
S$’m
%
Asia Pacific
62.41
72.9
Europe
22.10
25.8
North & South America
0.93
1.1
Others
0.15
0.2
85.59
100.0
Total
Electronics Business
Electronics Business
Operational Update
Sales of Electronics in 1Q 2015: S$74.5m
Introduced new Aztech HOME products – Bread Maker, Soup Maker etc.
Introduced networking products – Aztech WIPC410HD Enhanced HD IP Camera,
Aztech PSD500 Personal Storage Dongle etc.
Moving Forward
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
13
Products
Powerline Networking
14
HL113EP
HL117EP
HL115EP
HL119EP
HL129EP
HomePlug AV
200Mbps Ethernet
Adapter with
AC Pass Through
HomePlug AV
500Mbps Fast Ethernet
Adapter with AC Pass
Through
HomePlug AV
500Mbps Gigabit
Ethernet Adapter
with AC Pass Through
HomePlug AV2
600Mbps Gigabit
Ethernet Adapter
with Smart Link
HomePlug AV2
1200Mbps Gigabit
Ethernet Adapter
with Smart Link
HL113EW
HL117EW
HomePlug AV 200Mbps
with 150Mbps Wi-Fi
Extender
HomePlug AV 500Mbps
with 300Mbps Dual-band
Wi-Fi Extender
HL129EW
HomePlug AV 1200Mbps
with 300Mbps Dual-band
Wi-Fi Extender
Products
Wireless Repeater & 4G Mi-Fi Powerbank
WL559E
WL580E
WL590E
MWR647
300Mbps Wireless
Repeater
Dual Frequency 300Mbps
Wireless Repeater
Dual Frequency 750Mbps
Wireless AC Repeater
4G MiFi Router with
Built-in Powerbank
Wireless-N IP Camera
15
WIPC409HD
WIPC410HD
HD Wireless-N IP Camera
with 2-Way Audio Support
Enhanced HD Wireless-N
Pan/Tilt IP Camera
HIPC700
500 Mbps HomePlug
IP Camera
Products
Fibre Gateway
FG7000GRV
FG8800GRV
FG7003GRV
FG7008GRV(AC)
4-Port 300 Mbps Wireless +
Voice Over IP Gateway
4-Port Gigabit Dual-Frequency
Wireless-N Fibre Gateway
4-Port Wireless-AC
(1600Mbps) Fibre Gateway
4-Port Wireless AC
(2400 Mbps) Fibre Gateway
ADSL / VDSL
DSL5028EN(1T1R)
DSL5028EN(2T2R)
VDSL5038GRV
4-Port ADSL2/2+ 150Mbps
Wireless-N Modem Router
with USB Host
4-Port ADSL2/2+ 300Mbps
Wireless-N Modem
Router with USB host
4-Port VDSL2 300Mbps
Wireless-N Gateway with
USB 2.0 Host
16
Products
Aztech Home
17
VC2000
EG008
SJ1000
AEK1700
Smart Robotic Vacuum Cleaner
LollieEgg Roll Maker
JuiceMAX Slow Juicer
Electric Kettle
MT400
MT402
MF801
ABM750
Air Purifier
8-in-1 Multi Function Cooker
ASM800
Air Purifier
Bread Maker
Soup Maker
LED Lighting Business
LED Lighting
Operational Update
New initiative in LED lighting through collaborative joint development programme
Expanded factory facilities in China to cater for manufacturing of LED lighting
New product launch – AZPOSE XL2 LED Floodlight, MONO Lamp, Moon Nite Lite Torch
Moving Forward
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
19
New LED Products
20
Lighting Products
AZCESS LF / LFE LED Batten Fitting
LED
Batten
Fitting
LED
Batten
Fitting
with
Sensor
LF212
LF212B
LF424
LF424B
LFE207
LFE207B
LFE414
LFE414B
2-feet, 9W
800lm
4-feet, 21W
1600lm
2-feet, 7W
750lm
4-feet, 14W
1500lm
LF212S
LF212BS
LF424S
LF424BS
LFE207S
LFE414S
2-feet, 9W
800lm
4-feet, 21W
1600lm
2-feet, 7W
750lm
4-feet, 14W
1500lm
AZPAND LFC T5 LED Fitting
LED T5
Fitting
21
LFC2-104
LFC2-208
LFC2-312
LFC2-416
1-feet, 4W
350lm
2-feet, 8W
700lm
3-feet, 12W
1050lm
4-feet, 16W
1400lm
Lighting Products
AZSENCE LDR / LDS / LDRA / LDSA series LED Downlight
Dimmable
LED
Downlight
LDR3H12
LDR412
LDS412
LDR612E
3.5-inch, 11W
850lm
4-inch, 11W
850lm
4-inch, 11W
850lm
6-inch, 11W
800lm
LED
Downlight
LDRA616/624/630
LDSA616/624/630
LDRA824/830
6-inch, round
16/24/30W
6-inch, square
16/24/30W
8-inch, round
24/30W
AZPRESS / AZPRESS+ LCR series LED Ceiling Light
14-inch
LED Ceiling
Light
19-inch
LED Ceiling
Light
22
LCR1424 (Lunar)
LCR1424 (Solar)
20W, 1400lm
20W, 1400lm
LCR1930M
30W, 2700lm
Dimmable, adjustable colour
temperature with Night Light
Lighting Products
AZPLORE LBHR series LED Bulkhead / 2D Luminaire
LBHR1424
LBHR1424S
LED Bulk
Head
LBHR1424B
LBHR1424BS
14-inch, 24W
1350lm
LED 2D
Luminaire
14-inch, 24W
1350lm
LBHR810
LBHR810S
LBHR1120
LBHR1120S
LBHR1120B
LBHR1120BS
8-inch, 10W
800lm
10-inch, 20W
1600lm
10-inch, 20W
1600lm
Handheld Light / AZCEND Globe / AZIS Spot LED Bulb
23
LHE102
LE27G58-6
1-feet, 1.5W
170lm, USB
rechargeable
E27, 6W
550lm
LMR16D24-6
LMR16D36-6
GU5.3, 6W
450lm
Lighting Products
AZCEL LT8 series LED Tube
LT8F210
LT8F419
2-feet, 10W
850lm
4-feet, 19W
1800lm
LT8S419
4-feet, 19W
1800lm
24
LT8B209E
LT8BR209E
LT8B209EP
LT8B418E
LT8BR418E
LT8B418EP
2-feet, 9W, 825lm
4-feet, 18W, 1650lm
LT8B522E
LT8BR522E
LT8B208P
LT8B208PEP
LT8B416P
LT8B416PEP
2-feet, 8W, 1000lm
4-feet, 16W, 2000lm
LT8G208
LT8G416
2-feet, 8W
800lm
4-feet, 16W
1600lm
5-feet, 22W
2000lm
LT8B525P
5-feet, 25W
3125lm
Material Supply & Marine
Operational Update
Contributed S$9.2m to Group Turnover in 1Q 2015
A major sand importer with multiple sourcing capabilities, supported by sizable fleet of
marine vessels
Moving Forward
Continue to explore new business opportunities
Provide full-fledged marine transportation &
offshore services
Expand service offerings
26
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
27
Transportation
Stevedoring
Discharge
AMOS Shipyard
AZ Marine Offshore Services (AMOS) shipyard occupying
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, 11 barges, 3 conveyor barges, 2 mooring
boats, 3 ferry boats and 1 passenger launch that can
support a wide range of operations
Warehouse and Workshop
28
Storage, Small Craft refurbishments
Tugboats
Marine Fleet
11 Tugboats
• Az Rose
• Az Sakura
• Az Orchid
• Az Lily
• Az Sunflower
• Az Tulip
• Az Peony
• Az Lavender
• Az Carnation
• Az Iris
• Az Marigold
Az Marigold
29
11 Barges
• Az Chengdu
• Az Xiamen
• Az Qingdao
• Az Fuzhou
• Az Kunming
• Az Guangzhou
• Az Tianjin
• Az Dalian
• Az Shanghai
• Az Changi 9
• Az Nusa 14
Az Xiamen
3 Conveyor
Barges
• Aiden
• Biden
• Az CHT
2 Mooring Boats
• Az Zavier
• Az Zoey
1 Launch Boat
• Ciden
3 Ferry Boats
• Az Jupiter
• Az Mars
• Az Pluto
Biden
F&B Retail & Supplies
30
F&B Retail & Supplies
Operational Update
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
Moving Forward
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
31
Shiro F&B Products
Jade Canned Products
Seafood & Meat Products
Hokkaido Scallop
32
UHP Lobster Meat
Kagoshima Wagyu Beef
Canadian Beef
Brome Lake Duck
Ready-to-Cook
33
Wine & Spirits
34
F&B
Retail
&
Supplies
Food Business
F&B Retail & Supplies
Kay Lee F&B
Operational Update
First Kay Lee branch opened in Suntec City in February 2015
offering a variety of food items
Second Kay Lee branched opened in Ubi in April 2015
Kay Lee Upper Paya Lebar
Set up Central Kitchen in Senoko for preparation of roast items
Moving Forward
Kay Lee Suntec
Plan to open more Kay Lee outlets in Singapore
To expand and drive revenue growth for the Group’s F&B
Division
36
Kay Lee Ubi
Kay Lee Food Items
Kay Lee Central Kitchen
Corporate Updates
HQ Showroom @ Ubi
40
Events & Exhibitions
PC Expo, Malaysia – Feb 2015
41
IT Show, Singapore – Mar 2015
Events & Exhibitions
Takashimaya CNY Fair,
Singapore – Jan-Feb 2015
42
Food & Beverage Fair, Singapore
– Mar 2015
CSR Activities
Green Corridor Run – March 2015
43
Disclaimer
This presentation should be read in conjunction with Aztech Group’s Results for the period
ended 31 March 2015 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
44
THANK YOU