Computime Group Limited · HKEX:320
Computime — H1 2021/22 Earnings Presentation
22 slides from Computime's earnings presentation, Nov 30, 2021
Slide 1: 2021/22 Interim Results Presentation
Computime Group Limited (Stock Code: 320.HK) 2021/22 Interim Results Presentation 30 November 2021
Slide 2: Disclaimer
By attending this presentation, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Computime Group Ltd. (the “Company”) for use at investor presentations by the Company. No represe
Slide 3: Contents
Contents 01 02 03 04 Company 2021/22 2021/22 Outlook Overview Interim Results Interim Results Review Operational Highlights 3
Slide 4: Company Overview
01 COMPANY OVERVIEW 4
Slide 5: Who We Are
Who We Are COMPUTIME IS A TECHNOLOGY AND MANUFACTURING Stock Code: 0320.HK COMPANY THAT ENABLES AND ADVANCES SMART AND Listing Date: 9 October 2006 SUSTAINABLE LIVING FOR EVERYONE. Stock Price: We focus on AI and ML that promote connected homes and buildings, evolving robotic automation HK$0.870 As
Slide 6: What We Do
What We Do P/E Ratio: [-] • Technology and Manufacturing • Established in 2004 • B2C global brand and product Company • B2B IoT Technology-based Company leader in home and baby markets • Specializes in Appliance Control, • Offers branded energy efficiency and • Innovative DTC solutions through HVAC
Slide 7: 2021/22 Interim Results Review
02 2021/22 INTERIM RESULTS REVIEW 7
Slide 8: 2021/22 Financial Highlights
2021/22 Financial Highlights 1). Strong profit uplift by 15.2 times to HK$34M despite severe global shortage in components, COVID-19 disruption in manufacturing operation and global logistics • +22.3% yoy revenue growth • +2.4 % pt gross margin vs LY • SG&A cost ratio stays flat vs LY 2). Healthy Fi
Slide 9: Summary of Key P/L Items
Summary of Key P/L Items (HK$ million) 1H 20/21 1H 21/22 Change New business won from both Revenue 1,501.9 1,836.2 +22.3% existing & new customers Gross profit 172.2 255.8 +48.5% Favourable sales mix and better Gross profit margin 11.5% 13.9% +2.4 % pt leveraging of factory overheads Total SG&A expe
Slide 10: Strong Topline Growth Driven by Market Demand
Strong Topline Growth Driven by Market Demand Recovery and Favourable Customer Mix Smart Solutions (SS) Segment Revenue HK$M +16.0% 561.0 483.5 1H 20/21 1H 21/22 32.2% 30.6% Segment Dynamics Segment Dynamics • Revenue growth contributed by recovery in customer • Increase in revenue driven by strong
Slide 11: Resilient Balance Sheet and Financial Position
Resilient Balance Sheet and Financial Position (HK$ Million) As at 30 September 2020 As at 30 September 2021 Change Inventories 773.9 1,075.4 +39.0% • Inventory turnover days 102 116 +14 days Trade receivables 346.4 485.8 +40.2% • Days sales outstanding 35 days 45 days +10 days Key Balance Sheet Ite
Slide 12: 2021/22 Interim Results Operational Highlights
03 2021/22 Interim Results Operational Highlights 12
Slide 13: Innovative R&D Platforms
Innovative R&D Platforms Consolidate leadership position in IoT and smart control industries Centers of Excellence: AI CLOUD-TO- SMART THERMOSTAT CLOUD AWS/TUYA HK, China, Romania, US C T C l o SUPER QUIET SMART ZIGBEE 3.0 TRV u d REMOVABLE RING IoT GATEWAY THERMOSTAT 13
Slide 14: Technology Innovations
Technology Innovations Expanding capabilities in 4 major categories Robotics Medical Transportation Biometric Sensors Property Management Connected Facilities Healthcare Elderly Care Home/Consumer Infant Care Green Smart Home Tech & Building Energy Saving/AI BMS/SaaS Heat Pump Cloud Platform Renewab
Slide 15: Globalizing Manufacturing Footprint
Globalizing Manufacturing Footprint Shenzhen, China Yunfu, China (VM) Penang, Malaysia HCM, Vietnam (VM) Guadalajara, Mexico FUTURE FOOTPRINT: EASTERN EUROPE 15
Slide 16: Outlook
04 Outlook 16
Slide 17: Current Challenges
Current Challenges Price Increase Price Increase Power Stoppage COVID COVID Logistics Logistics Materials Materials 17
Slide 18: 2H Preview
2H Preview • Strong order book • Challenges in material supplies • Challenges in fulfillment rate • SAP implementation • Open Mexican Plant • Finalize own B2C brand/product 18
Slide 19: M&A Projects
M&A Projects Our key objective is to accelerate our transformation into a technology, manufacturing and brand company through strategic M&A activities. • Transform from • Transform from OEM to • Establish own brand hardware to ODM (design • New product area ecosystem/subscription capabilities) • New
Slide 20: Strategic Plan
Strategic Plan • Geographical Expansion • Product Expansion B2B Brand • Channel Expansion • M&A for North America Design, Manufacturing & Distribution • Big Fish + Hi Po Smart Controls and IoT • New Customers OEM/ODM • New ODM Platform Residential and • Global Footprint Industrial Applications • Com
Slide 21: Q&A
Q&A 21
Slide 22: Thank You
Thank You www.computime.com 22