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FY2001 INTERIM RESULTS August 15, 2001

AchievA. FY2001 INTERIM RESULTS August 15, 2001. AGENDA. Company Update Financial Performance Q&A. COMPANY UPDATE. By Henry Lim President & CEO. MISSION. To be the one of the top knowledge-based, value-added distributors of electronics and IT solutions in the Asia Pacific region;

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FY2001 INTERIM RESULTS August 15, 2001

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  1. AchievA FY2001 INTERIM RESULTS August 15, 2001

  2. AGENDA • Company Update • Financial Performance • Q&A

  3. COMPANYUPDATE By Henry Lim President & CEO

  4. MISSION • To be the one of the top knowledge-based, value-added distributors of electronics and IT solutions in the Asia Pacific region; • To be a leading Asian-based creator of innovative proprietary technology products and solutions

  5. Electronic Components Peripherals and Software Data Networking/ Service Offerings/ Design & Development CORE COMPETENCIES Strategic Technologies

  6. AchievA REGIONAL PRESENCE Korea China India Taiwan HK Vietnam Philippines Thailand Malaysia S’pore Indonesia Australia

  7. ACHIEVEMENTS (Jan - July 2001) • Corporate • Strengthening Group Dynamics • Acquisition of subsidiaries in Vietnam & Australia • Business • New Strategic Partnerships • Four new distributorships secured: • Infineon • Western Digital • Transpoint Technology • Stream Machine Inc • Expected to contribute >$80 million to Group revenue in FY2001

  8. ACHIEVEMENTS(Jan - July 2001) • Geographic Expansion : China • Achieva Technology China • 51% owned by Achieva • 49% owned by HK-based Interlead Corporation • Paid up capital : HK$10 million • Distribution and service centre for IT products • Distribution network covering 13 cities and 28 retail outlets in PRC • Expected to contribute S$40 million to Group revenue in 2H

  9. SHENYANG BEIJING JINAN ZHENGZHOU HANGZHOU XI’AN NANJING WUHAN SHANGHAI CHENGDU CHONGQING GUANGZHOU (HQ) SHENZHEN PRESENCE IN PRC

  10. ACHIEVEMENTS(Jan - July 2001) • Technology • IP and Patents • HDD connectivity • Notebook batteries • Expect to file 7 patents on NanoStorage this year

  11. ACHIEVEMENTS(Jan - July 2001) • Technology • NanoStorage • Working prototype of controller device on schedule • Received engineering sample • Expect to demonstrate complete working engineering sample by year-end • Nanochip currently raising funds to bring the prototype into production • Received in-principle approval for government grant for R&D support

  12. ACHIEVEMENTS(Jan - July 2001) • Talent • ESOS • Founder Shares Award Scheme

  13. MARKET OUTLOOK - THE BAD NEWS • Visibility for electronics industry still foggy • Singapore’s electronics output declined 26% in Q2 2001 • Semiconductor industry continues to be affected by inventory overhang • Major global electronics players are reporting losses and cutbacks • Contract manufacturing not expected to recover soon

  14. MARKET OUTLOOK - THE GOOD NEWS • PC industry in Asia-Pacific showing signs of initial recovery • Gartner: Asia-Pacific registered a 12.5% y-o-y growth in PC shipments in 2001Q2 • Gartner Dataquest, August 2001 • Contract manufacturing services expected to recover and hit US$231 billion by 2005 - up 124% from US$103 billion in 2000 • IDC July 2001

  15. MARKET OUTLOOK - THE GOOD NEWS • Consolidation of electronics players => new opportunities for stronger players • New emerging markets with strong growth potential : • China • 1H 2001 growth : 8% - full year growth expected to be maintained • WTO entry • Beijing Olympics • India • IT hub of South Asia

  16. GOING FORWARD • To ride out the storm with prudent management and strategic focus on niche competencies and markets • To expand strategically in high-growth emerging economies such as China • To continue to scale up the value chain to provide a full range of knowledge-based value-added services and solutions • To leverage on existing knowledge base, wide network of customers and vast portfolio of products to develop and deliver new offerings to the market • To grow IP and proprietary products/solutions portfolio in high-growth leading-edge technology sectors • To build up professional talent to strengthen management and technological expertise

  17. FINANCIAL PERFORMANCE By Allan Yong Chief Financial Officer

  18. GROUP TURNOVER S$million Up 51% 242 160

  19. TURNOVER BY PRODUCT S$’000 • FY2000 –1H FY2001-1H

  20. TURNOVER BY MARKET S$million

  21. GROUP PBT S$million 0.9 6.2 5.6

  22. PBT BY PRODUCT S$’000

  23. 6,000 5,000 4,000 3,000 2,000 1,000 FY2000-1H FY2001-1H NET PROFIT S$’000 4,382 3,892 3,819

  24. FINANCIAL HIGHLIGHTS • Strong turnover growth • Stable net profit despite margin squeeze • Growth in profit contribution from electronics components • Strategic investments in NanoStorage of $0.8M • Strong balance sheet - cash position – up from $22M to $27M • Inventory down to $31M • Trade receivables –up from $38M to $56M

  25. EPS cents 1.06 1.19 0.92

  26. NTA PER SHARE cents Up 17.6%

  27. FINANCIAL OUTLOOK • Challenging conditions for 1H and outlook for 2H uncertain • Revenues expected to continue growing: Estimated total impact >S$120m for FY2001 • Profit margins continue to be pressured with increasing competition and electronics slowdown

  28. Q&A

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