Comba Telecom Systems Holdings Limited · HKEX:2342

Comba Telecom Systems — FY2013 Earnings Presentation

13 slides from Comba Telecom Systems's earnings presentation, Mar 28, 2014

  1. Slide 1: 2013 Annual Results Corporate Presentation

    2013 Annual Results Corporate Presentation IP V1 28 March 2014

  2. Slide 2: Disclaimer

    Disclaimer This presentation has been prepared by Comba Telecom Systems Holdings Limited (the “Company”) for reference only. The information contained in this presentation has not been independently verified. The Company does not make any representation, warranty or undertaking, whether express or i

  3. Slide 3: Agenda

    Agenda  Financial Highlights  Financial Review  Open Forum & Appendix 3

  4. Slide 4: Financial Highlights

    Financial Highlights  Financial Results  Financial Position  Key Financial Indicators 44

  5. Slide 5: Financial Results

    Financial Results For the year ended 31 December For the six months HK$’000 2013 2012 Change ended 30 June 2013 Revenue 5,720,599 6,332,867 (9.7%) 2,162,422 Gross profit 1,365,586 1,615,879 (15.5%) 551,675 Gross profit margin 23.9% 25.5% (1.6) pp 25.5% Operating (loss) (104,725) (105,495) N.A. (110,

  6. Slide 6: Financial Position

    Financial Position As at 31 December As at HK$’000 2013 2012 Change 30 June 2013 Net cash / (debt) 108,575 9,999 985.9% (690,274) Total assets 10,318,277 10,091,711 2.2% 9,610,702 Total liabilities 6,590,386 6,229,552 5.8% 5,853,354 Net assets 3,673,796 3,805,622 (3.5%) 3,704,013 NAV per share (HK$)

  7. Slide 7: Key Financial Indicators

    Key Financial Indicators For the six months For the year ended 31 December ended 2013 2012 Change 30 June 2013 Inventory turnover days 188 180 +8 days 257 A/R turnover days 294 259 +35 days 388 A/P turnover days 298 242 +56 days 364 Gross gearing ratio 15.1% 15.4% (0.3 pp) 16.5% 7

  8. Slide 8: Financial Review

    Financial Review  Revenue Breakdown by Customers  Revenue Breakdown by Businesses  Cost Structure 88

  9. Slide 9: Revenue Breakdown by Customers

    Revenue Breakdown by Customers For the year ended 31 December 2013 China Unicom 40.2% 14.5% China Mobile China Telecom 10.0% 12.8% 58.1% 52.1% International Customers & 19.5% Core Equipment Manufacturers Others 8.1% 55.4% 1.1% = YOY change 9

  10. Slide 10: Revenue Breakdown by Businesses

    Revenue Breakdown by Businesses For the year ended 31 December 2013 Services Wireless Enhancement 10.9% 42.9 % 21.9% 17.1% Wireless Access & Antennas & Subsystems 32.6% Transmission 7.4 % 2.6% 16.7 % = YOY change 10

  11. Slide 11: Cost Structure

    Cost Structure For the year ended 31 December As % of Total Revenue = YOY change 35% 45.0% R&D costs 30.0%  Capitalization of R&D costs of HK$108 million 30% 28.7%  Stringent cost control 5.9% 3.6% 25% Selling and distribution expenses 0.4%  Inflation, increase in staff salaries and 8.8% continuo

  12. Slide 12: Open Forum & Appendix

    Comba | Open Forum & fa Appendix

  13. Slide 13: Awarded Shares Expenses

    Awarded Shares Expenses  On 12 April 2011, 26 million new shares were awarded to 365 qualified individuals at the market closing price of HK$9.32. Total expenses of approximately HK$226 million will be charged to the P/L in the 4 years. 1H 2H FY Vesting shares Expenses Vesting shares Expenses Vesti

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