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

Interim Results Briefing

First 6 Months Ended 30 Sep 2008

17 Nov 2008

CONTENTS

• Profit and Loss

• Segment Analysis

• Inventory

• Accounts Receivable

• Cash Per Share

• Top 10 Customers

• Top 10 Suppliers

PROFIT & LOSS

HK$’M 1H FY 09 1H FY 08 % Chg

Turnover 1,413.2 1,309.8 7.9%

EBITDA 25.3 47.8 (47.2%)

Depreciation & Amortization (4.9) (5.5) (10.5%)

Finance costs (8.8) (9.8) (10.6%)

Profit before tax 11.6 32.5 (64.3%)

Income tax expense (4.4) (4.6) (4.4%)

Profit after tax 7.2 27.9 (74.3%)

Minority interests 0.7 (1.8) (139.1%)

Profit attributable to shareholders

7.9 26.2 (69.9%)

EPS (HK cents) 2.54 8.46 (70.0%)

TURNOVER BY GEOGRAPHICAL REGIONS

Segmental analysis from Apr - Sep 2008

PRC53.2%

Others4.6%

HongKong42.2%

(in HK$'000) Increase

Turnover % % %

Hong Kong 596,878 42.2% 582,374 44.5% 14,504 2.5%PRC 751,578 53.2% 664,735 50.7% 86,843 13.1%Others 64,699 4.6% 62,666 4.8% 2,033 3.2%

1,413,155 100.0% 1,309,775 100.0% 103,380 7.9%

Apr - Sep 2007Apr - Sep 2008

Segmental analysis from Apr - Sep 2007

PRC50.7%

Others4.8%

HongKong44.5%

SEGMENTAL ANALYSIS

Segmental analysis for Apr - Sep 2008

Audio/Video21.5%

Industrial26.3%

Dealers andothers19.2%

Consumer10.3%

Computer4.0%

Telecommun-ications18.7%

Segmental analysis for Apr - Sep 2007

Audio/Video23.5%

Industrial24.7%

Dealers andothers17.6%

Consumer9.3%

Computer4.7%

Telecommun-ications20.2%

(in HK$'000) Increase

Turnover % % %

Audio/Video 302,946 21.5% 307,785 23.5% (4,839) -1.6%Telecommunications 264,250 18.7% 264,666 20.2% (416) -0.2%Consumer 145,740 10.3% 121,676 9.3% 24,064 19.8%Industrial 372,248 26.3% 322,995 24.7% 49,253 15.2%Computer 56,261 4.0% 62,005 4.7% (5,744) -9.3%Dealers and others 271,710 19.2% 230,648 17.6% 41,062 17.8%

1,413,155 100.0% 1,309,775 100.0% 103,380 7.9%

Apr - Sep 2008 Apr - Sep 2007

INVENTORY LEVEL

345 342370

410 408440

400 410 412 422381

335 336

100

150

200

250

300

350

400

450

500

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Apr08

May08

Jun08

Jul08

Aug08

Sep08

in HK$'M

Excluding Goods-in-Transit

INVENTORY TURNOVER RATIO

53 5259

69 69

80

70

59 6065

5649 49

0

10

20

30

40

50

60

70

80

90

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Apr08

May08

Jun08

Jul08

Aug08

Sep08

No. of days

NET ACCOUNTS RECEIVABLE

485 482 488446 449

398 397

448 434 424446 444 449

100

150

200

250

300

350

400

450

500

550

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Apr08

May08

Jun08

Jul08

Aug08

Sep08

in HK$'M

DEBTORS TURNOVER RATIO

63 6468 66 67

64 6661 61 63 64 63 61

0

10

20

30

40

50

60

70

80

Sep07

Oct07

Nov07

Dec07

Jan08

Feb08

Mar08

Apr08

May08

Jun08

Jul08

Aug08

Sep08

No. of days

CASH PER SHARE

69.7

49.9

63.363.1

105.6

0

20

40

60

80

100

120

Mar 05 Mar 06 Mar 07 Mar 08 Sep 08

HK Cents

TOP 10 CUSTOMERS

Apr – Sep 2008

Ranking Name of CustomerApr – Sep 07

Ranking

1 CCT Group 12 Longcheer Group 4

3 Truly Group 2

4 Namtai Group 3

5 北京天宇朗通通信设备股份有限公司 --

6 Surface Mount Technology Group 8

7 Handle Group 14

8 Sunrise Group 7

9 Simatelex Group 9

10 PC Partner Limited 18

TOP 10 SUPPLIERS

Apr – Sep 2008

Ranking Name of SupplierApr – Sep 07

Ranking

1 STM 12 Murata 23 Toshiba 5

4 AKEMD 3

5 NJRC 4

6 Vishay 6

7 Sony 78 Intersil 8

9 NEC 9

10 Microchip 10

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

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