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Www.apwcc.com APWC 2012 Annual General Meeting 2012 Half Year Results October 5, 2012.

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Presentation on theme: "Www.apwcc.com APWC 2012 Annual General Meeting 2012 Half Year Results October 5, 2012."— Presentation transcript:

1 www.apwcc.com APWC 2012 Annual General Meeting 2012 Half Year Results October 5, 2012

2 www.apwcc.com 1 Revenue and GP Analysis G.P. ratios are derived by dividing individual country/segment G.P. against each country/segment revenue In USD ‘000 20116/30 2012/6/30 Thailand 100,59337.2% 82,26638.2%-18.2% Australia 26,9059.9% 29,02913.5%7.9% Singapore 26,0349.6% 26,94812.5%3.5% China 88,57432.7% 59,19227.5%-33.2% TOTAL MANUFACTURE 242,10689.5% 197,43591.7%-18.5% Distribution 15,6045.8% 16,2317.5%4.0% SDI12,8234.7%1,6280.8%-87.3% TOTAL SALES 270,533100.0% 215,294100.0%-20.4% GP Thailand 12,48212.4% 11,21613.6%-10.1% Australia 5,16519.2% 6,03720.8%16.9% Singapore 2,62910.1% 2,5939.6%-1.3% China 7,3288.3% 3,2875.6%-55.1% TOTAL MANUFACTURE 27,60411.4% 23,13311.7%-16.2% Distribution 1,71611.0% 4392.7%-74.4% SDI50.0%(822)-50.5.%-16540.0% TOTAL GP 29,32510.8% 22,75010.6%-22.4%

3 www.apwcc.com THAILAND AUSTRALIA CHINA SINGAPORE Headquarters 372 828 149 77 14 27.5% 38.2% 13.5% 13.3% Locations and Facilities Others:Distributed products of 7.5% include Sigma Cable, SEI, Australia, and CTW. TOTAL HEADCOUNT: 1,440 As of June 30, 2012 2 Pacific Electric Wire & Cable (Shenzhen) Co., Ltd. Shanghai Yayang Electric Co., Ltd. Shandong Pacific Rubber Cable Co., Ltd. Shandong HuaYu Fiber Optics Cable CCH (Crown Century Holding) Hong Kong Ningbo Pacific Wire Co., Ltd. Charoong Thai Wire & Cable Public Co., Ltd. Siam Fiber Optics Co., Ltd. Siam Pacific Electric Wire & Cable Co., Ltd. Australia Pacific Electric Cables Pty., Ltd. Sigma Cable Co., Pte Ltd. Sigma-Epan International Pte., Ltd. SDI project engineering Power cable Distributed products Fiber optic cable Enameled wire Employee headcount % Revenue contribution (1H09) Factories/op units Electronic wire

4 www.apwcc.com Products and Services Rev. & GM Revenue ($ millions)Gross Margin % Products 2011/6/302012/6/302011/6/302012/6/30 Telecommunication Cable 32.39.021.435.0 Power Cable 95.0104.213.213.8 Enameled Wire 114.884.27.16.7 Distributed Products 15.616.211.02.7 Electronic Cable ---- SDI Project Engineering Services 12.81.60.0-50.5 4

5 www.apwcc.com 4 Summary Income Statement (USD '000)2010 (audited)2011/6/302012/6/30 Total Sales$446,594 $270,533 (a)215,294 Cost of Sales(389,571)(241,208)(192,544) Gross Profit57,02329,325 (a)22,750 Income from Operations28,652 12,71411,048 Income Before Taxes31,83212,05112,422 (b) Net Income (Loss) attributable to APWC 14,1405,1385,294 Basic and Diluted Income (Loss) per Share (USD) $1.02$0.370.38 a.Sales up to 2011/6/30 included SPFO revenue of 16.6 million, gross profit of 2.9 million. b. SP recognizes other income of Thai Baht 143.4 million (US$ 4,527K) from settlement of flood loss.

6 www.apwcc.com 5 Summary Balance Sheet As of (USD ‘000)2011/12/312012/6/30 Cash and Cash Equivalents76,67254,227 Current Assets288,697319,444 Other Assets48,59250,497 TOTAL ASSETS337,289369,941 Bank Loans and Trust Receipts52,81347,140 Current Liabilities117,741131,347 Other Liabilities4,85917,930 TOTAL LIABILITIES122,600149,277 Total Shareholders’ Equity214,689 220,664 TOTAL LIABS and SHS’ EQUITY337,289369,941 Net Book Value per Share10.5911.06

7 www.apwcc.com Summary Analyses (i) Gross Margin Ratio Erosion  GM ratio down from 10.8% to 10.6%, a 1.9% decreased than that of last year’s. Major reasons being: Decrease in copper price by 14% year over year Decrease in distributed product margin from 11.0% to 2.7% Decrease in SG&A expenses by 1.5 million (detail next slide) 6

8 www.apwcc.com Summary Analyses (ii) 8 Detail SG&A Account Analysis Balance as of 06/30/2011 16,976 (in US '000) Items Country/siteReason Saving on SG&A expenses due to disposal of Shangdong Fiber Optic Cable SPFO, ChinaSavings on commissions, entertainment, transportation and others (3,026) Freight cost increaseAPEC, AustraliaSales increase hence transportation increases355 Flood damageSiam Pacific, Thailand Additional flooding damages identified in 2012749 SalariesNPC, China APEC, Australia Headcount increase in NPC and APEC salary adjustment due to an overall 4% increase, sales commission increase, and a new hire of operational manager. 471 (1,451) Balance as of 06/30/2012 15,525

9 This Presentation of APWC was developed by the Company and CCG and is intended solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy the Company ’ s stock. This presentation is based upon information available to the public, as well as other information from sources which management believes to be reliable, but is not represented by APWC or CCG as being fully accurate nor does it purport to be complete. Opinions expressed herein are those of management as of the date of publication and are subject to change without notice.


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