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Green, Flexible and Customisable
CMS at
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VTech Communications Ltd
Date: Jan 2018
VTech Communications Ltd [CMS]
Green, Flexible and Customisable
CMS at
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About VTech Group
• Headquartered in HKG since 1976• Listed in HKG (HKSE:303) • Factories in HouJie, LiaoBu, QingYuan, R&D Center in SZ• Operations in 11 countries and regions
Locations
Employees
• 27,100 Employees Worldwide• 1,500 R&D Professionals & Engineers
Financials
• Financially Strong & Reputation for High Quality• 3 Divisions : Phones, Electronic Learning Products & CMS• $2,079.3M Revenue in FY2017 ($1,039.7M in FY2018/1H)
Green, Flexible and Customisable
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FY17 VTech Group Financial Performance
US$M FY15 FY16 FY17 FY17(1H)
FY18(1H)
Phone 652 585 565 278 272
ELP 703 692 878 366 393
CMS 525 579 636 339 374
FY17 Sales Distribution by Geography
Group Turnover in the Past 5 Years, US$M
US$M FY15 FY16 FY17FY17(1H)
FY18(1H)
Sales 1,879 1,857 2,079 983 1,039
Operating Profit 220 202 200 79 114
Profit Before Tax 222 203 200 80 114
R&D Expenses 56 56 77 39 39
Cash on Hand 294 273 269 104 89
No. of Employee 29,500 27,400 27,200 28,000 27,100
Sales by Companies, US$M
Group Financial Highlights
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CMS Annual Sales Trend and Projection
93 95 97128
158
233 248 261 281
390421
460493
525579
636
FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17
Sales (USD’M)
Actual
Projection
4th 3-Y Plan
3rd 3-Y Plan
2nd 3-Y Plan
1st 3-Y Plan
26th
among the world’s top
50 EMS providers in MMI
15th
consecutive year of sales
growth
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FY17 CMS Sales Distribution
FY17 Major New Product Line Up
Pro Audio Hearable Power Supplies Medical LED Home Appliances
North America
$195.6 million(30.8%)
Asia Pacific
$58.6 million(9.2%)
Europe
$381.5 million(60.0%)
635.7million
Smart Meter Display Coffee MakerPower Supply LED LightingDigital Mixer In-ear Wireless Headsets Ultrasound Equipment
Pro Audio32%
Hearable23%
Power Supplies13%
LED5%
Home Appliance6%
Industrial10%
Communications4%
Medical6%
Automotive1%
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Business Strategy of CMS
Business Support Units
The Strategy
• Growth by Organic with Selective Acquisition
• China Plus One
• Customers Focus
Business Mission
Be the preferred business partner of selected customer segment in the EMS Industry
Core Competence & Competitive Edge
• Core Competence – Stable middle to senior level staffs with good knowledge in EMS business with skill in serving our customer well.
• Competitive Edges – Niche in manufacturing professional audio products, strong financial backup by the Group and right size to serve selected customers segment.
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CEOCEO
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SBU1 SBU4 SBU6 SBU2 SBU5 SBU8
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CMS Manufacturing Capabilities
CMS
• 5 buildings with over 85K Sq. M. Manufacturing Area • SMT, Thru-Hole, RoHS, REACH, • ISO9001, ISO14001, ISO13485, TS16949, ISO18001, SA8000• ANSI ESD S20.20 for all production floors
Manufacturing Capabilities
• 24 Fuji SMT Lines, State-of-the-Art Equipment• In-housed design and fabrication for ICT, AOI, ATE, FAT• Chip on Board in Class 1,000 Clean Room• Class 10,000 Clean Room for precise products• Burn-in Chambers, X-Ray Inspection, Conformal Coating • Reliability life tests e.g. drop test, high/low temp cycle
Plastics in VTech
• In-House Manufacturing and Tooling for plastics• 2 Plastic Factories in HouJie and QingYuan• 2 Automatic Spraying Lines in QingYuan factory• 400 Plastic Injection Molding Stations, Up to 850 Tons• Over-Molding Technologies
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VTech Metal Capabilities
VTech Metal Shop (in Xixi)
• One Stop Service: Tooling Design & Making, Stamping, NC-Punching & Bending, Welding and Surface Treatment
Note: VTech metal shop also serves 3rd party non-EMS business partners
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CMS Quality Management System
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Protection Our Client’s Patents and IP
Our Procedures to protect IP
• NDA or General Confidentiality Agreement• Tightly Controlled Documentation and Copying of Doc’s• Access on an “As needed Basis” • Continuous Training of our Employees• Return of all files after the completion of a Project
History and Forward Looking
The Result
• Our Customers and potential Clients are fully protected• Our manufacturing Buildings as Technology Protection in Projects
• No History of any IP Violation since our Existence• Ongoing IP & Patent Awareness Training
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Sustainability at VTech
• Dec 8, 2014 - Hong Kong Institute of Certified Public Accountants (HKICPAs) announced the Best Corporate Governance Disclosure Awards 2014. VTech Holdings Limited is the Winner of Sustainability and Social Responsibility for Non–Hang Seng Index (Large Market Capitalisation) Category.
• Continue align with global customer CSR strategies
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R&D Engineering and Design Support
R&D Design Services Include
• Product Design, ID Support, Cost-Down Re-design• Electronics including Hardware & Software Design• Mechanical, Structural & Assembly Design• Schematic and PCB Layout Design• Packaging Design (Gift Box, Clamshell, Export Carton, etc)
Typical Applications and Competence
• HW & SW developments for MCU, MPU, DSP, etc.• Drivers and Embedded System Applications• RF, Wireless, Audio, Consumer Electronics, Medical, Health Care,
Telecomm, LED Lighting, • Prototype, Testing and Agency Approval
Resources
New Product Introduction - NPI
• Design for Manufacturability (DFM)• Sample Production and Design Verification & Validation• Selection of Low Cost Components
• Located in Nanshan, Shenzhen• Professional Audio Test Lab• CAD & Simulation Software e.g. ProE, Solidworks, FloEFD• 50 Engineers & Technicians support design professionally
Green, Flexible and Customisable
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That’s all …
