Transcript Document
1ST QUARTER FY 2004 FINANCIAL PERFORMANCE ABOUT EXCELPOINT TECHNOLOGY LIMITED Excelpoint Technology Ltd (“Excelpoint” or “the Company”) is a design and development engineering solutions provider serving OEMs, CMs and sub-contractors in various industries including telecommunications, consumer electronics, industrial and instrumentation electronics, automotive, computers and computer peripherals. OUR BUSINESS MODEL Design & Development Services Supply Chain Management Field Application Services Value Added Distribution Distribution OUR ROLE IN THE CUSTOMER’S VALUE CHAIN We are the “Solutions Partner”; providing ”One-Stop Solution” to meet customer requirement. A value chain service from product concept, development, attain international approval, manufacturing; till door-step delivery. Client Product Concept Proto Development H/W Development S/W Development Product Test & Qual Pre/Mass Production Mktg & Sales After Sales Excelpoint Value Chain Our Design & Development Services Reference Design; Design Review, Services and Applications Production Test Plan & Systems Pre-testing International Type Approval & Qualifications Development, Prototype, Mass Production & Logistics Turnkey Project Management Marketing & Sales OUR BUSINESS STRATEGY • We serve the local brands in the markets where we operate. • Our target markets comprise primarily emerging markets in Asia Pacific. • We mirror our competencies into different markets across the region. OUR GEOGRAPHIC REACH Excelpoint has a network of 33 subsidiaries and representative offices located across the Asia Pacific. EXCELPOINT’S GEOGRAPHIC FOOTPRINTS THAILAND • Bangkok PHILIPPINES • Manila CHINA & HONG KONG • Chengdu • Qingdao • Xian • Shanghai • Beijing • Xiamen • Nanjing • Shenzhen INDIA • New Delhi • Hyderabad • Bangalore • Mumbai • Pune MALAYSIA SINGAPORE • Kua;a Lumpur • Penang AUSTRALIA • Sydney OUR FINANCIAL PERFORMANCE CORE BUSINESSES • Design-in Services • Distribution Services FINANCIAL HIGHLIGHTS In S$ ‘000 Q1 2004 Q1 2003 VARIANCE Revenue 258,662 128,332 101.6% Operating Profit 6,417 1,531 319.1% Net Profit after Tax 4,355 589 639.4% Revenue (in S$'000) 300000 258,947 250000 200000 150000 128,332 100000 50000 0 Q1 2003 Q1 2004 Full Year Rev Q1 Rev Net Profit after Tax (in S$'000) 5000 4,355 4500 4000 3500 3000 2500 2000 1500 1000 589 500 0 Q1 2003 Q1 2004 Q1 PAT FINANCIAL HIGHLIGHTS In S$ ‘000 Earnings Per Share Q1 2004 Q1 2003 0.93 0.17 Return on Equity 17.9% 3.4% Return on Assets 1.3% 0.2% Debtors’ Turnover 49 days 53 days Creditors’ Turnover 55 days 69 days Inventory Turnover 34 days 38 days * Pre IPO Revenue by Geographic Locations Others S'pore 3% 13% M'sia 6% China 72% S'pore M'sia India China Others India 6% PROSPECTS •Generic growth will continue to contribute to the Group’s performance in Q2 FY2004 primarily from the GSM business and geographically China will continue to dominate •Contributions will come from new solutions that the Group is continually developing in anticipation of its customers’ needs and in line with the upcoming and future technology trends. •Enlarge market penetration e.g Middle East, South Africa, other provinces in China and South East Asia.