willas-array electronics (holdings) limited · 2008. 7. 9. · others 162,074 7.8% 177,683 8.7%...
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![Page 1: Willas-Array Electronics (Holdings) Limited · 2008. 7. 9. · Others 162,074 7.8% 177,683 8.7% (15,609) -8.8% 2,084,886 100.0% 2,043,852 100.0% 41,034 2.0% FY 2006 FY 2005 Segmental](https://reader035.vdocuments.net/reader035/viewer/2022071416/6112125dfd1e7a25a533f6a4/html5/thumbnails/1.jpg)
Building Scale And Delivering SolutionsBuilding Scale And Delivering Solutions
Willas-Array Electronics (Holdings) Limited威雅利電子 (集團) 有限公司
FY 2006 Results Briefing
May 29 2006
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CONTENTS
• Corporate Profile• Results Highlights
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CORPORATE PROFILE I
Willas-Array Electronics
• One of the largest HK-based electronics company involved in the global sourcing and regional distribution of electronics components
• Listed on SGX on July 2, 2001
• Provides quality and sustainable shareholders’ value by leveraging on its
– Long-standing and excellent capabilities in sales and engineering
– Stable and well-developed sourcing relationships with principals of leading global brands
– Knowledge and strategic investments in China
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CORPORATE PROFILE II
Willas-Array Electronics
• Represents leading global semiconductor brands such as – STMicroelectronics– Murata– NJRC– Toshiba– Vishay– AKM
• Sells to a growing pool of clients numbering over 3,000 in Hong Kong, China, South Korea and Singapore
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Willas-Array Electronics (Holdings) Limited Willas-Array Electronics (Holdings) Limited
Willas-ArrayElectronics(Shanghai)
Limited
Willas-ArrayElectronics(Shenzhen)
Limited
Qingdao
Shanghai
Beijing
Chengdu
Xiamen
Guangzhou
ArrayElectronics
Limited
ArrayElectronics
(China)Limited
Shenzhen
Willas-ArrayElectronics
(Taiwan)Inc.
WillasCompanyLimited
Hong Kong
NorthernChina
SouthernChina Taiwan
Greater China Overseas
BUSINESS STRUCTURE
As of 31 March 2006
Total Sales & Marketing Staff 203
Hong Kong 80
Mainland China 107
Taiwan 3
Overseas 13
Willas-ArrayKorea
CompanyLimited
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Our PrincipalsPRODUCTS AND SERVICES
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PROFIT & LOSS
HK$’M FY 06 FY 05 % Chg
Turnover 2,084.9 2,043.9 2.0%
EBITDA 55.7 50.8 9.5%
Depr’n & Amort’n (4.8) (5.4) (11.6%)
Interest on Borrowings (15.5) (8.5) 82.0%
Profit before income tax 35.4 36.9 (4.2%)
Income tax (11.4) (9.2) 23.3%
Profit after income tax 24.0 27.7 (13.4%)
Minority interests 0.3 (0.1) (411.5%)
Profit attributable to
shareholders
24.3 27.6 (12.0%)
EPS (HK cents) 7.87 8.95 (12.1%)
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TURNOVER BY GEOGRAPHICAL REGIONS
(In HK$'000) Increase
Turnover % % %Hong Kong 1,151,537 55.2% 1,176,671 57.6% (25,134) -2.1%
PRC 771,275 37.0% 689,498 33.7% 81,777 11.9%
Others 162,074 7.8% 177,683 8.7% (15,609) -8.8%
2,084,886 100.0% 2,043,852 100.0% 41,034 2.0%
FY 2005FY 2006
Segmental analysis for FY 2006
PRC37.0%
Others7.8%
Hong Kong55.2%
Segmental analysis for FY 2005
PRC33.7%
Others8.7%
HongKong57.6%
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SEGMENTAL ANALYSIS(In HK$'000) IncreaseTurnover % % %Audio/Video 459,846 22.1% 386,028 18.9% 73,818 19.1%
Telecommunications 395,247 19.0% 360,224 17.6% 35,023 9.7%
Consumer 256,945 12.3% 278,245 13.6% (21,300) -7.7%
Industrial 436,884 20.9% 407,312 19.9% 29,572 7.3%
Computer 77,296 3.7% 109,052 5.4% (31,756) -29.1%
Dealers 301,044 14.4% 335,431 16.4% (34,387) -10.3%
Others 157,624 7.6% 167,560 8.2% (9,936) -5.9%
2,084,886 100.0% 2,043,852 100.0% 41,034 2.0%
FY 2006 FY 2005
Segmental analysis for FY 2006
Audio/Video22.1%
Consumer12.3%
Industrial20.9%
Computer3.7%
Dealers14.4%
Others7.6%
Telecommun-ications19.0%
Segmental analysis for FY 2005
Audio/Video18.9%
Consumer13.6%
Industrial19.9%
Dealers16.4%
Others8.2%
Computer5.4%
Telecommun-ications17.6%
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INVENTORY LEVEL
291274 266 266
286 287273
257 260281
297313
346
100
150
200
250
300
350
400
Mar05
Apr05
May-05
Jun05
Jul05
Aug05
Sep05
Oct05
Nov05
Dec05
Jan06
Feb06
Mar06
in HK$'M
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INVENTORY TURNOVER RATIO
61
5256
5357 55
45 4551
54
62
7266
0
10
20
30
40
50
60
70
80
Mar05
Apr05
May-05
Jun05
Jul05
Aug05
Sep05
Oct05
Nov05
Dec05
Jan06
Feb06
Mar06
No.
of da
ys
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NET ACCOUNTS RECEIVABLE
291 299 313335 332
350
397374 359 355
325290 301
100
150
200
250
300
350
400
450
Mar05
Apr05
May-05
Jun05
Jul05
Aug05
Sep05
Oct05
Nov05
Dec05
Jan06
Feb06
Mar06
in HK$'M
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DEBTORS TURNOVER RATIO
55 53
59 60 59 60 59
65 6461 60 58
54
0
10
20
30
40
50
60
70
Mar05
Apr05
May-05
Jun05
Jul05
Aug05
Sep05
Oct05
Nov05
Dec05
Jan06
Feb06
Mar06
No
. o
f d
ays
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CASH PER SHARE
49.9
88.3
69.7
55.850.8
0
10
20
30
40
50
60
70
80
90
100
2002 2003 2004 2005 2006
HK
Cen
ts
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DIVIDEND HISTORY
18.217.416.8
11.811.8
55.5%50.1%
75.8%
48.6%
63.3%
0
5
10
15
20
25
2002 2003 2004 2005 2006
HK
$'M
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
Dividend Proposed / Paid
% to PATS
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TOP 10 CUSTOMERS
FY 2006
3Surface Mount Technology Group3
8PC Partner Ltd10
9
8
7
6
5
4
2
1
FY2006Ranking
14Pioneer Group
7Namtai Group
32Arts Group
9Handle Electronics Co Ltd
10Suncom Group
4Truly Group
2Orient Power Group
1CCT Group
FY2005 Ranking
Name of Customers
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TOP 10 SUPPLIERS
FY 2006
3Toshiba3
10NEC10
9
8
7
6
5
4
2
1
FY2006Ranking
8Conexant
9Intersil
7Sony
5Vishay
6AKM
4NJRC
2Murata
1STM
FY2005Ranking
Name of Customers
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Building Scale And Delivering SolutionsBuilding Scale And Delivering Solutions
Willas-Array Electronics (Holdings) Limited威雅利電子 (集團) 有限公司
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