Tradelink Electronic Commerce Limited · HKEX:536
Tradelink Electronic Commerce — H1 2009 Earnings Presentation
24 slides from Tradelink Electronic Commerce's earnings presentation, Sep 1, 2009
Slide 1: 2009 Interim Results Announcement
Tradelink Electronic Commerce Limited 貿易通電子貿易有限公司 Stock Code : 0536 2009 Interim Results Announcement 1 September 2009 1
Slide 2: Corporate Profile
Corporate Profile Listing Date 28 October 2005 Share Price (@ 31/8/2009) HK$ 0.95 Issued Shares (@ 31/8/2009) 778,306,055 shares Market Cap HK$ 739.4million FY End Date 31 December The Financial Secretary Incorporated (12.29%) Major Shareholders The Hongkong & Shanghai Banking Corporation Limited (8
Slide 3: Outline
Outline Business Review Financial Highlights Prospects Q&A Appendix 3 3
Slide 4: Business Review
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Slide 5: Core Business - GETS Operating Model
Core Business - GETS Tradelink Operating Model transaction fee + Government Government fee fee + + e-submission of e-submission trade related Logistics Trading Community of trade related documents Services documents Providers HKSAR Importers Government Exporters e-confirmation e-confirmation Freight
Slide 6: Core Business – GETS (Cont’d)
Core Business – GETS (Cont’d) GETS Six Government Electronic Trading Services (GETS) includes : Import & Export Production Certificates of Origin Declaration (“TDEC”) Notifications (“PN”) (“CO”) Dutiable Commodities Electronic Cargo Notifications under Textiles Trader Registration Permit (“DCP”) Man
Slide 7: DTTN
DTTN Operating Model Rich array of capabilities for messaging, transactions, payments, security etc. Banks & Freight Inspection Sellers Buyers Financial Forwarders Agencies Institutions Government Insurance Carriers Terminals & Agencies Institutions DTTN Key Services Offering Electronic message rout
Slide 8: DTTN (Cont’d)
DTTN (Cont’d) DTTN DTTNCo became a wholly-owned subsidiary of Tradelink upon completion of the buyout of DTTNCo’s other shareholders in March 2009 Achieved saving in annual operating costs of more than $10 Million due to removal of duplications between Tradelink and DTTNCo Steady growth in DTTN busi
Slide 9: Digi-Sign
Digi-Sign Digi-Sign Continued to make steady progress Expect to acquire additional market share in providing security solutions for online transactions of the financial services sector 9 9
Slide 10: Interim Dividend
Interim Dividend 2009 interim dividend: per share: HK cents 1.752 Total amount: HK$13.6 million Dividend payout ratio at 76.6% of distributable profit (same ratio for the 2008 interim dividend payout) 10 10
Slide 11: Financial Highlights
Financial Highlights 11
Slide 12: Financial Highlights
Financial Highlights 1H 2009 1H 2008 Six months ended 30 June (HK$ ‘000) Change (Unaudited) (Unaudited) Turnover 92,835 114,696 -19.1% Profit from operations 25,298 56,115 -54.9% Share of results of associates (2,564) (11,077) -76.9% Profit attributable to equity shareholders 17,799 36,699 -51.5% Ea
Slide 13: Financial Highlights
Financial Highlights 1H 2009 1H 2008 Six months ended 30 June (Unaudited) (Unaudited) Operating profit margin 27.3% 48.9% Net profit margin 19.1% 32.0% Effective tax rate 22.1% 18.5% Current ratio 1.9 2.1 Debtor’s turnover days1 5 6 Note 1: The calculation of debtor’s turnover days is based on the c
Slide 14: Key Financials
Key Financials As at As at (HK$’000) 30 June 2009 31 December 2008 (Unaudited) (Audited) Fixed assets 68,462 41,461 Trade receivables 17,828 18,401 Other financial assets2 76,980 - Cash and bank deposits3 315,416 439,483 Net assets 309,530 336,760 Note 2: Fair value of corporate notes issued by Kowl
Slide 15: Strong and Healthy Financials
Strong and Healthy Financials Net cash flow from operating activities of approximately HK$13.1 million Trade receivables at HK$17.8 million Debtor’s turnover day of about 5 days Zero bad debt HK$315.4 million cash and bank deposits as at 30 June 2009 (including customer deposits of HK$169.3 million)
Slide 16: Prospects
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Slide 17: Prospects: Growth Drivers
Prospects Growth Drivers Collaboration with CIECC (E-commerce arm under the Ministry of Commerce, PRC) to add a simple document creation solution on CIECC’s business matching portal, providing a boost to promote more awareness and usage of DTTN in China 17 17
Slide 18: Prospects: Growth Drivers
Prospects Growth Drivers Development of a basic, low cost platform called “DTTN gateway” that can be readily deployed and operated locally; delivering full blown DTTN services to local customers through a link to the main platform in Hong Kong. Discussion on deployment of DTTN gateway in China is un
Slide 19: Prospects: Business Investments
Prospects Business Investments A joint venture MOU signed with Beijing Changdian Zhiyuan Guangdianzi Company for Tradelink's investment of RMB 50Million (around 25% shareholding) in its data centre and disaster recovery as well as business continuity business A 10% shareholding in a joint venture of
Slide 20: Q&A
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Slide 21: Thank You
Thank You 21
Slide 22: Appendix
Appendix 22
Slide 23: Consolidated Income Statement
Consolidated Income Statement Six months ended 30 June 2009 2008 (Unaudited) (Unaudited) (HK$'000) (HK$'000) Turnover 92,835 114,696 Interest income 2,596 6,567 Staff costs (39,954) (39,124) Depreciation (7,594) (4,867) Other operating expenses (22,585) (21,157) Profit from operations 25,298 56,115
Slide 24: Consolidated Balance Sheet
Consolidated Balance Sheet As at 30 June 2009 As at 31 December 2008 (Unaudited) (Audited) (HK$'000) (HK$'000) Non-current assets Fixed assets 68,462 41,461 Interest in leasehold land held for own use under operating lease 5,413 5,484 Goodwill 9,976 - Interest in associates 23,099 42,539 106,950 89,
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