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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
FY 2006 Results Briefing
May 29 2006
CONTENTS
• Corporate Profile• Results Highlights
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
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
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
Our PrincipalsPRODUCTS AND SERVICES
PROFIT & LOSS
HK$’M FY 06 FY 05 % Chg
Turnover 2,084.9 2,043.9 2.0%
EBITDA 55.7 50.8 9.5%
Depr’n & Amort’n (4.8) (5.4) (11.6%)
Interest on Borrowings (15.5) (8.5) 82.0%
Profit before income tax 35.4 36.9 (4.2%)
Income tax (11.4) (9.2) 23.3%
Profit after income tax 24.0 27.7 (13.4%)
Minority interests 0.3 (0.1) (411.5%)
Profit attributable to
shareholders
24.3 27.6 (12.0%)
EPS (HK cents) 7.87 8.95 (12.1%)
TURNOVER BY GEOGRAPHICAL REGIONS
(In HK$'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%
SEGMENTAL ANALYSIS(In HK$'000) IncreaseTurnover % % %Audio/Video 459,846 22.1% 386,028 18.9% 73,818 19.1%
Telecommunications 395,247 19.0% 360,224 17.6% 35,023 9.7%
Consumer 256,945 12.3% 278,245 13.6% (21,300) -7.7%
Industrial 436,884 20.9% 407,312 19.9% 29,572 7.3%
Computer 77,296 3.7% 109,052 5.4% (31,756) -29.1%
Dealers 301,044 14.4% 335,431 16.4% (34,387) -10.3%
Others 157,624 7.6% 167,560 8.2% (9,936) -5.9%
2,084,886 100.0% 2,043,852 100.0% 41,034 2.0%
FY 2006 FY 2005
Segmental analysis for FY 2006
Audio/Video22.1%
Consumer12.3%
Industrial20.9%
Computer3.7%
Dealers14.4%
Others7.6%
Telecommun-ications19.0%
Segmental analysis for FY 2005
Audio/Video18.9%
Consumer13.6%
Industrial19.9%
Dealers16.4%
Others8.2%
Computer5.4%
Telecommun-ications17.6%
INVENTORY LEVEL
291274 266 266
286 287273
257 260281
297313
346
100
150
200
250
300
350
400
Mar05
Apr05
May-05
Jun05
Jul05
Aug05
Sep05
Oct05
Nov05
Dec05
Jan06
Feb06
Mar06
in HK$'M
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
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
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
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
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
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
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
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
Thank You
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