Aztech Global Ltd. · SGX:8AZ
Aztech Global — FY2023 Earnings Presentation
20 slides from Aztech Global's earnings presentation, Feb 22, 2024
Slide 1: FY2023 Results Presentation
Aztech Global Ltd. FY2023 Results Presentation 22 February 2024
Slide 2: Note on Forward-Looking Statements
Note on Forward-Looking Statements This presentation may contain certain forward-looking statements including, but not limited to, statements as to future operating results and plans. These statements are based on our assumptions and estimates and are subject to known and unknown risks and uncertain
Slide 3: FY2023 Results
FY2023 Results 1. Financial Performance Review 2. Proposed Final Dividend 3. Business & Order Book Update 4. Outlook © 2022 2023 Aztech Global Ltd.
Slide 4: Financial Performance Review
Financial Performance Review Delighting people with smarter solutions © 2023 Aztech Global Ltd.
Slide 5: FY2023 Key Financial Highlights
FY2023 Key Financial Highlights Achieved Record Revenue and Net Profit with Strong Balance Sheet FY2023 As at 31 December 2023 896.3 EPS 820.2 Net Cash NAV/Share 12.96 $249.8 M 45 Cents 624.4 100.0 Cents 31 December 31 December 74.4 FY2022: 2022: $217.8 M 2022: 37 Cents 67.2 8.70 Cents Up 14.7% Up 2
Slide 6: FY2023 Revenue by Segments
FY2023 Revenue by Segments Continued Revenue Growth From IoT Devices & Data-Communications Products IoT and Data-Com Products Segment Revenue Revenue by Countries ($ Million) (%) (%) 882.3 98.4% 801.7 597.0 2021 2022 2023 1.6% © 2023 Aztech Global Ltd. All currencies are in Singapore dollars unless
Slide 7: FY2023 Results Y-o-Y Comparison
FY2023 Results Y-o-Y Comparison FY2023 Net Profit crossed $100 million $ Million FY2023 FY2022 % Change Better FY2023 performance was mainly due to Revenue 820.2 revenue growth, greater economies of scale, 896.3 9.3 higher interest income and lower net fair value EBITDA 133.6 90.3 48.0 loss on forei
Slide 8: 2H 2023 Results Y-o-Y Comparison
2H 2023 Results Y-o-Y Comparison 2H 2023 Net Profit More Than Doubled Y-o-Y $ Million 2H 2023 2H 2022 % Change Higher revenue, greater economies of scale, Revenue 507.7 455.7 11.4 interest income and net fair value gain on foreign exchange contracts led to higher net profit for 2H EBITDA 77.9 35.2 1
Slide 9: 4Q 2023 Results Y-o-Y Comparison
4Q 2023 Results Y-o-Y Comparison 4Q 2023 Net Profit $ Million 4Q 2023 4Q 2022 % Change Higher net profit for 4Q 2023 with revenue Revenue 224.3 213.3 5.2 growth, greater economies of scale, higher EBITDA 31.7 6.2 411.3 interest income and net fair value gain on foreign exchange contracts as compared
Slide 10: Balance Sheet Summary as at 31 December 2023
Balance Sheet Summary as at 31 December 2023 Strong Balance Sheet with Net Cash of $249.8 M ($ Million) 31 December 2023 31 December 2022 Higher bank borrowing of $17.3 million as at 31 December 2023 due mainly to term loan taken to Cash & Bank Balances 231.4 196.0 partly fund the acquisition of the
Slide 11: Proposed Final Dividend
Proposed Final Dividend © 2023 Aztech Global Ltd.
Slide 12: Proposed Final Dividend
Proposed Final Dividend Proposed Final Tax-Exempt Dividend Per Share of 5 cents Interim Dividend Per Share Proposed Final Tax Exempt Total Tax Exempt Dividend Paid on 11 Aug 2023 Dividend Per Share Per Share for FY2023 3 cents 5 cents 8 cents ▪ Total dividends in respect of FY2023 of $61.8m, represe
Slide 13: Business & Order Book Update
Business & Order Book Update © 2023 Aztech Global Ltd.
Slide 14: Business Update: Manufacturing Facilities Update
Business Update Manufacturing Facilities Update ▪ The 300,000 sq ft Pasir Gudang facility is fully operational. ▪ Successfully expanded manufacturing footprint in Malaysia to support the Group’s growth, business continuity needs and production diversification requirements of its customers. Pasir Gud
Slide 15: 4Q 2023 Order Book Update
4Q 2023 Order Book Update Order Book Update $333.9 M Order book as ▪ The order lead time has normalised from 9-12 months during pandemic to 2-3 At 22 February 2023 months post pandemic. ▪ Order book secured as at 22 February 2023 was $333.9 million for completion in FY2024. ▪ Secured new customers i
Slide 16: Vision Technology Product – IP Camera Update
Vision Technology Product – IP Camera Update ▪ Launched IP (Internet Protocol) Cameras under “Kyla” brand ▪ Gaining traction in the Singapore Pre-School Educational segment ▪ Expanding Vision Technology segment with innovative technology and A.I. to drive growth 1. Verified Market Research, March 20
Slide 17: Outlook
Outlook © 2023 Aztech Global Ltd.
Slide 18: Operating Environment to Remain Challenging
Operating Environment to Remain Challenging Risks & Challenges relating to: Supply chain and managing customers’ forecasts Inflationary cost pressures Foreign currency fluctuations High interest rate environment Macroeconomic uncertainties Geopolitical tensions © 2023 Aztech Global Ltd.
Slide 19: Outlook
Outlook The business prospects for the next 6-12 months is expected to be challenging. Below mitigation measures to manage identified risks & challenges: Mitigation measures - Disciplined balance sheet & cost management - Leverage the Group’s versatile operational framework to manage and balance cus
Slide 20: Thank You
Thank You 22 February 2024 Aztech