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