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ABOUT EXCELPOINT TECHNOLOGY LIMITED.
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ABOUT EXCELPOINT TECHNOLOGY LIMITED Excelpoint Technology Ltd 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 OEM / EMS Sub-System Manufacturing Design & Development Services Supply Chain Management Field Application Services Value Added Distribution Distribution
Product Concept S/W Develop-ment H/W Develop-ment Proto Develop-ment Product Test & Qual Our Design & Development Services After Sales Pre/Mass Production Excelpoint Value Chain Reference Design; Design Review, Services and Applications Production Test Plan & Systems Mktg & Sales Pre-testing International Type Approval & Qualifications Development, Prototype, Mass Production & Logistics Marketing & Sales Turnkey Project Management 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 Option
A REVIEW OF OUR Q4 & FY 2004 FULL YEAR PERFORMANCE
KEY CUSTOMERS • TCL MOBILE • SHANGHAI SUNCOM • FLEXTRONICS • BELL SYSTEMS • MIDAS COMMUNICATION * Q4 FY2004
OUR BUSINESS STRATEGY • DESIGN-IN • Leverage and complement upon the strengths of our principal’s chipset solutions. • Focus on our value add on creating new applications, cost down, and productization. • Differentiate by controlling software embedded into our solutions.
OUR BUSINESS STRATEGY • DESIGN-IN • Provide risk sharing models with low Non Recurring Engineering charges (NRE) to encourage customers to adopt our solutions. • Develop innovative reference solutions to assist our customers to differentiate themselves from their competitors.
ENGINEER VS EMPLOYEE PROFILE FY Q1-04Q2-04 Q3-04 Q4-04 FY03 Var(%) No. of Employees 440 463 483 497 421 18 No. of Engineers 108 110 111 121 87 39
OUR GEOGRAPHIC REACH Excelpoint has a network of 36 subsidiaries and representative offices located across the Asia Pacific.
EXCELPOINT’S GEOGRAPHIC FOOTPRINTS SINGAPORE Headquarter • CHINA • Beijing • Chengdu • Xian • Nanjing • Qingdao • Shanghai • Xiamen • Shenzhen • Dong Guan • INDIA • New Delhi • Mumbai • Pune • Hyderabad • Bangalore • AUSTRALIA • Sydney • HONG KONG • MALAYSIA • Kuala Lumpur • Penang • PHILIPPINES • Manila • THAILAND • Bangkok
976,542 651,490 50 %
CORE BUSINESSES Q404 • Design-in Services • Distribution Services Distribution Services 49.6%* * By Revenue Design-in Services 50.4%*
CASH FLOW (S$ ‘000) • Q4 2004 Q4 2003 • Operating cash flows before • reinvestment in working capital (372) 6,989 • Net cash flows from/ (used in) • operating activities 5,180 8,786 • Net cash flows used in investing activities (421) (201) • Net cash flows used in financing activities (30,490) (2,432) • Cash & Cash equivalents at period end 20,683 20,253
CASH FLOW (S$ ‘000) • FY2004 FY2003 • Operating cash flows before • reinvestment in working capital 20,188 17,064 • Net cash flows used in • operating activities (14,001) (3,211) • Net cash flows used in investing activities (1,413) (971) • Net cash flows from financing activities 17,764 11,576 • (Includes net IPO proceeds of $34 million) • Cash & Cash equivalents at period end 20,683 20,253
KEY FINANCIAL HIGHLIGHTS FY Q4-04Q4-03 Var.(%) 2004 2003 Var.(%) Revenue (S$m) 184.9 211.9 12.8 976.5 651.5 49.9 Op Profit (S$m) -0.8 6.5 - 111.6 18.7 15.6 20.1 PAT (S$m) -1.7 4.9 - 135.3 12.2 10.7 13.9 EPS (cents) * - 0.35 1.40 -125.0 2.52 3.07 - 17.9 ROE (%) - 2.5 19.2 - 113.0 17.5 42.2 - 58.5 * For comparative purposes, EPS is calculated based on profit attributable to shareholders and the weighted average post-invitation share capital of 482,378,299 (Q4, FY2003: 347,971,200).