Corporate Presentation: Interim Results 2023

Best Pacific International Holdings Limited

超盈國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

( 於開曼群島註冊成立的有限公司 )

Stock Code 股份代號: 2111

INTERIM RESULTS

CORPORATE

PRESENTATION

25 August 2023

Disclaimer

This presentation and the accompanying slides (the "Presentation") which have been prepared by Best Pacific International Holdings Limited ("Best Pacific" or the "Company" or "We" and together with its subsidiaries, collectively, the "Group") do not constitute any offer or invitation to purchase or subscribe for any securities of the Company, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. They are only being furnished to you and may not be photocopied, reproduced or distributed to any other persons at any time without the prior written consent of the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, expressed or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of or any omission from this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunities and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. The Company's actual results, levels of activities, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation, including, amongst others: whether the Company can successfully penetrate new markets and the degree to which the Company gains traction in these new markets; the sustainability of recent growth rates; the anticipation of the growth of certain market segments; the positioning of the Company's products in those segments; the competitive environment; and general market conditions. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

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Best Pacific International Holdings Limited

超盈國際控股有限公司

Stock Code 股份代號: 2111

Section 1

RESULTS REVIEW

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Financial highlights

		1H2023*	1H2022*	Change
		(HK$ million)	(%)
		(unaudited)
Revenue		1,906.7	2,278.5	(16.3%)
Gross profit		401.0	456.1	(12.1%)
Net profit attributable to owners of the Company		138.6	168.4	(17.7%)
Net profit		118.7	167.9	(29.3%)
	2H2022**	1H2023	1H2022	Change
Gross profit margin	17.8%	21.0%	20.0%	+1.0% pt
Net profit margin	5.2%	6.2%	7.4%	-1.2% pts
		1H2023	1H2022	Change
		(HK cents)	(HK cents)	(%)
Earnings per share		13.33	16.19	(17.7%)
		2023	2022	Change
- Interim dividend		5.3	7.28	(27.2%)
- Final dividend		N/A	4.22	N/A
- Full year dividend		N/A	11.50	N/A

* 1H2023 and 1H2022 referred to the six months ended 30 June 2023 and 2022 respectively.
** 2H2022 referred to the six months ended 31 December 2022.	4

Revenue - by product categories

	1H2023		1H2022		Change
	(HK$ million)	(% of revenue)	(HK$ million)	(% of revenue)	(%)
Elastic fabric	1,487.2	78.0%	1,720.7	75.5%	(13.6%)
- Sportswear and apparel	958.6	50.3%	1,046.7	45.9%	(8.4%)
- Lingerie	528.6	27.7%	674.0	29.6%	(21.6%)
Elastic webbing	386.9	20.3%	519.3	22.8%	(25.5%)
Lace	32.6	1.7%	38.5	1.7%	(15.3%)
Total	1,906.7	100.0%	2,278.5	100.0%	(16.3%)

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