CIRTEK HOLDINGS - PDS Group

December 11, 2020

Philippine Dealing & Exchange Corp.

29/F, BDO Equitable Tower,

8751 Paseo de Roxas, Makati City

Attention: Atty. Marie Rose M. Magallen-Lirio

Head - Issuer Compliance and Disclosure Department (ICDD)

Subject: PSE Disclosure Form 4-30 – Material Information / Transactions

Dear Atty. Magallen-Lirio

Please see below PSE Disclosure Form 4-30 – Material Information / Transactions

CIRTEK HOLDINGS Philippines Corporation

Cirtek Holdings Philippines

Corporation (CHPC)

Management Presentation

December 10, 2020

Cirtek Holding Philippines Corporation (CHPC)is a group of companies that is engaged in highadvanced technology product developmentand innovation focused on 5G wirelesscommunication industry .

CHPC successfully transformed from richmanufacturing expertise into an intellectualproperties (IP) based and vertically integratedproduct design and manufacturing company ofhigh performance in wireless communicationsbusiness globally.

©2020 Cirtek Holdings Philippines Corporation. - Confidential & Proprietary

This presentation does not constitute a prospectus or other offering memorandum in whole or in part or an offer to sell or the solicitation of an offer to buy any securities or financial instruments of the Company and/or any of its subsidiaries and/or affiliates, nor shall this presentation or any part of it nor the fact of its distribution or communication form the basis of, or be relied on in connection with, any contract, commitment, or investment decision in relation thereto, nor does it constitute a recommendation regarding any security or transaction.

There shall be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to any qualification under the securities laws of such state or jurisdiction. This presentation has not been and will not be reviewed or approved by any statutory or regulatory authority or any stock exchange in the Philippines or elsewhere. Prospective investors should undertake their own assessment with regard to their investment and they should obtain independent advice on any such investment’s suitability, inherent risks and merits and any tax, legal and accounting implications which it may have for them.

This presentation, as well as discussions arising therefrom, may contain statements relating to future expectations and/or projections of the Company by its management team, with respect to the Company and its subsidiaries that constitute “forward-looking statements.” These forward-looking statements include words or phrases such as the Company or its management “believes”, “expects”, “anticipates”, “intends”, “may”, “plans”, “foresees”, “targets”, “aims” “would”, “could” or other words or phrases of similar import. Similarly, statements that describe the Company's objectives, plans or goals are also forward-looking statements. All such forward looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Such forward looking statements are made based on management’s current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements speak only as at the date of this presentation and nothing contained in this presentation is or should be relied upon as a promise or representation as to the future.

This presentation was prepared solely and exclusively for discussion purposes. This presentation and the contents hereof are restricted for only the intended recipient(s). This presentation and the contents hereof should not be (i) forwarded or delivered or transmitted in any manner whatsoever, to any other person other than the intended recipient(s); or (ii) reproduced in any manner whatsoever, without the prior written consent of the Company. Any forwarding, distribution or reproduction of this presentation in whole or in part is unauthorized. This presentation must not be distributed to the press or any media organization. Neither the Company nor its advisor, nor any of their respective affiliates, shareholders, directors, employees, agents or advisers makes any expressed or implied representations or warranties as to the accuracy and completeness of the information contained herein or any other information (whether communicated in written or oral form) and each of the foregoing parties expressly disclaims any and all responsibility and liability of any kind (including any contractual, non-contractual, or third party liability) for any loss or damage, whether or not arising from any error or omission in compiling such information or as a result of any party’s reliance or use of such information. The information in this presentation has not been independently verified. The information and opinions in this presentation are subject to change without notice, and no obligation is assumed by the Company nor its advisor, nor any of their respective affiliates, shareholders, directors, employees, agents or advisers to provide the recipient(s) with access to any additional information.

By attending the meeting where this presentation is made or by accepting a copy of this presentation, the recipient acknowledges and agrees to be bound by the foregoing limitations.

Disclaimer


Company Overview

Business Updates - CEC

Business Updates – CATSI

Business Updates - Quintel

Financial Highlights

Q&A

Table of Contents


Company Overview





Q&A

Table of Contents


• Cirtek Holdings Philippines Corporation (“Cirtek”) is a Philippine-

incorporated entity listed in the PSE with a market cap of US$250M; one of

the fastest growing companies in the Philippines, growing over 2.3x

since listing in 2011

• Founded in 1984 and headquartered in Laguna Technopark, a special economic

zone; currently has 2,500+ employees across the globe

• Through its subsidiaries, the company is primarily engaged in three major

activities:

• The design, development and delivery of the wireless industry’s most

advanced high-efficiency, high-performance antenna solutions

• The manufacture of value-added, highly integrated

• microwave and millimeter wave technology products

• The manufacture and sales of semiconductor packages as an independent

subcontractor for outsourced semiconductor assembly, test and packaging

services

• Has key partnerships with international wireless solutions providers towards

Massive MIMO and 5G

Summary Ownership Structure

Charmview

Enterprises

(BVI Company)

Carmatheous

Holdings Inc.

(PH Company)

Camerton Inc.

(PH Company)

Cirtek Holdings

Corporation

(PH Company)Cirtek Electronics

Corporation

(PH Company)

Cirtek Electronics

International

(PH Company)

Cirtek Advanced

Technology

(BVI Company)

Cirtek Advanced

Technology

(PH Company)

RBW Realty Corp.

(PH Company)

Quintel Cayman

Ltd.

(Cayman)

Quintel USA Inc.

(USA Company)

40% 60%

72%

100% 100%

100%

100%

100%

100%

100%

A Fully – Integrated, Global Technology Company


Corporate office

& R&DR&D/S&M/

IP ManagementHQ & Manufacturing R&D /Product CMR&D

Sales coverageUS office: North and South American regions UK office: EMEA region

PH office: APAC region

Third party Collaboration distribution and sales channel not listed here

Office Map


2018-2020

▪ Entered into a

partnership with China

and Taiwan contract

manufactures

▪ Entry into 5G space

with signing of MPAs

with US Telcos.

2011

• CHPC was incorporated.

• Corporate restructuring which

led to CHPC becoming parent

of CEC.

• Listing on PSE with initial

market cap of USD 30 million.

1984

• Cirtek Electronics Corp

was founded in 1984 by

engineer Jerry Liu.

2015

• Raised USD 50

million from

follow-on offering

and listing of

new common

shares

2014

• Acquisition of REMEC for

USD 10 million, a provider of

RF, MW, and MMW products.

This was renamed to CATSI.

• CATSI is a total manufacturing

solutions partner for

telecommunications, semicon,

or test board equipment in

various volumes and high mix

application

2017

• Acquired Quintel, an

antenna solutions

provider for US$77m

• Quintel is the leading

innovator in the design,

development and delivery

of network-efficient Multi-

Port slim-line Cellular

base station antennas

• Raised USD 67

million from FOO

and listing of

USD preferred

shares.

Cirtek Moving up the Technology Value Chain


Quintel USA +

Quintel

Technology Ltd.

(Quintel)

• Founded in 2007, Quintel designs and develops high efficiency and

high performance Base Station antenna solutions for wireless

cellular networks

• Allows mobile operators to increase efficiency, enhance quality-of-

service and reduce cost

• Core technology, QTilt, which provides variable linear phase slope

across the antenna array to increase site output

USD 16.5 Mn (28%) • MultiServ – Single

• Antenna – Multiple Frequency Bands

• SONWav – Directional

• Antenna – Passive Real-Time Beamforming

Cirtek Electronics

Corporation

(CEC)

• CEC is primarily engaged in the business as an independent

subcontractor for semiconductor assembly, test and packaging

services

• Provides turnkey solutions that include package design and

development, wafer probing, wafer back grinding, assembly and

packaging and final testing of semiconductor devices

• Has over 64 regular customers spread across Europe, the US and

in Asia

• The end application covers a diverse range of industries from

consumer products to high reliability industrial and military products

Cirtek Advanced

Technologies and

Solutions, Inc.

(CATSI)

USD 25.6 Mn (44%) • Protection products

• Light sensors

• Real time clock

• Voltage control oscillators (VCO)

• Electronic Relays

• Power management devices

• Acquired Remec Broadband Wireless in 2014 and renamed to

CATSI

• CATSI offers a broad range of microwave products that go into

various applications

• The end application covers microwave/wireless solutions for

carrier and private data networks catering mobile backhaul,

service provider, education, enterprise, government/municipalities

and healthcare

USD 17.1 Mn (29%)• CTT Out Door Unit (“ODU”)

• Indoor Radio Frequency Unit (“IRFU”)

• Outdoor Internet Protocol Radio

(“OIPR”)

• FLEX4G-Ultra High Availability (“UHA”)Leadtone Communications

Control Screening LLC

Description Q320 Rev. Contrib & Product List Key Customers

Business Pillars


CEC43.2%

CATSI28.9%

QUINTEL 27.9%

9M20 Revenue by Subsidiary

North America

70%

Europe16%

Asia14%

9M20 Revenue by Region

Communication 66%

Computing9%

Consumer Electronics

10%

Industrial7%

Medical4%

Automotive2% Military

2%

9M20 Revenue by Industry

CHPC Revenue Breakdown


Jerry Liu

Chairman

Jorge Aguilar

Vice Chairman Brian Liu

Chief Finance Officer

Michael Liu

Director / President - Quintel

David Barker

CTO - Quintel

Schubert Montiel

Vice President Operation – CATSI ASB Mark Wong

Vice President Operation – CATSI WBB

Raul Santiano

President - CEC

Gina Gillen

Deputy Chief Finance Officer

Cirtek Management Team

Cirtek Milestones and Business Track Record

CIRTEK is 35 YEARS on going business with a proven track record of impressive growth, strong management team, annual dividend declaration to shareholders.

With our rich business experience, CIRTEK can weather an economic slow down, recession

and financial crisis. Our business is built on best QUALITY practice, low overhead / hands on

style and Competitive price.

We have successfully TRANSFORMED our business model from manufacturing based to IP

based product company. The transformation will provide higher margin and profit.

CIRTEK is a global player and is growing in the highest GROWTH industry providing wireless

connectivity solutions. We have TIER 1 customers doing business with us.

CIRTEK is the LEADING wireless connectivity technology company in the Philippines.

CIRTEK successfully entered the 5G space, having bagged MPAs in the US in 2020.


Company Overview


Business Updattes – CATSI



Q&A

Table of Contents


CIRTEK

Electronics

Corp.

Applications / end users

Communications

Computing

Consumer Electronic

Industrial

Automotive

Dashboard applications Networking

infrastructure

Largest independent subcontractor for

semiconductor assembly, test, and

packaging services in the Philippines.

Provides turnkey solutions that encompasses

the whole process; offers customer-specific

and standard packages. Has the capability

and flexibility to meet and create value to

customer needs. CEC is global and

diversified footprint with over 33 years of

operating track record.

The leader in semiconductors

IOT based products including advance sensors

▪ complex and advanced

semiconductor products including

aerospace application

Wireless applicationsData storage

and connectorsSmart phones

CEC: A One-Stop Shop for World-Class Turnkey Solutions


Consumer

Smart phones,tablets

Power

managementSwipe

sensor

device

3-Axis binoculars&

digital compass

Module

packaging

Home, office, streetlights

LED assembly

Industrial

Lightning immunitydevice

Discrete

digital

interface IC

Bullet trainautomatic

door system

Hybrid

Photocopier anddimmer

Opto coupler

Digital meterreader

PLL device

Communication

Auto tuning / signalgenerator

Oscillator

Base station poweramplifier

Amplifier

Medical

Ultrasoundmachine

Portable imaging devices

LeakDetection

Industrial AutomotiveAC, headlightcontrol,

parking sensors

Sensor auto

switching

device

Hallsensor

application

Computing, Embedded & Wearable Device

Sensor auto

switching

device

Protection

Devices

Products and Applications


Analog Devices/Linear Tech /

Maxim

Cobham AES

Calogic

Central Semi

DEI

ES Components

Honeywell

GaN System

Renesas/IDT/

Intersil

Infineon/IR

Littelfuse/IXYS/Zilog

LSI-CSI Telecoms

Macom Tech

Protek

Renesas

Semtech

Texas Inst

That Corp

Triad Semi

TLSI-LSI

Vishay Thin Film

USA Aptasic

Bourns

Cobham Tech

EM Micro

Fagor

HMT

Infineon

Microcrystal

Micromm GMBH

Prema

ST Micro

Sensyx

UMS

EUROPE

Berex

SJM Prewell

RFHIC

Silicon Link

Taitien

SSO

Vishay SCX SGVishay PH

ASIA

Our Partners in the Industry


Europe, 30%

Asia Pacific, 25%

North America,

45%

9M20 Revenue by Region

Communication, 35%

Automotive, 5%Medical,

10%Industria

l, 10%

Consumer Electroncis, 20%

Computing, 20%

9M20 Revenue by Industry Application

Revenue Breakdown


▪ Revenue growth driven by new products and new customers

▪ CEC is expanding its salesforce in the US, Europe and Asia in light of customer expansion in

Telecommunications, Automotive, Medical, Industrial, Sensor, and Consumer electronics / Internet

of Things.

▪ Zilog Test Captive/ Dedicated Line (transfer of production from Indonesia to Philippines – Q4 2019

onwards – Completed and 100% operational as of 2020

▪ Texas Instruments Metal Cans (Power IC regulators) for Military and Industrial Applications volume

production ramp up starting 2020

▪ Texas Instrument ESD devices volume production ramp up starting 2021

▪ Expansion of Analog Devices MEMS Automotive products starting 2020

▪ Increased capacity allocation for Bourns

▪ Littelfuse semicon volume production ramp up starting 2021

CIRTEK Electronics Corp.

CEC Business Update


Growth Drivers

Increased demand for consumer electronics

• OSAT Market is expected to register a CAGR OF 6%

over the forecast period (2020-2025).

• The current OSAT market is about USD44Billion

in the next six years or by 2026.

• The global OSAT market growth is primarily driven by increased

demand for consumer electronics and gadgets , data storage,

Networks and infra-structure, digital transformation as a result of

WFH, Education and digital consultation from the medical

professionals due to COVID 19.

• Medical chips and demand for semiconductor devices continue to

increase because of medical portable devices and monitoring

equipment by medical professionals and hospital.

Outsourced Semiconductor and Test

(OSAT)

Outsourced Semiconductor and Test (OSAT)


Company Overview


Business Updattes – CATSI



Q&A

Table of Contents


Established as Pacific

Microwave Corporation

• Over 20 years in design, manufacturing,

packaging, and testing.

• One of only a handful of independent RF/MW/MM

companies in the world

• Primary sells integrated circuits principally to the

U.S.

• Manufactured 1.5M MW radio systems as of

2016-end.

1996 2001 2005 2014

Acquired by REMEC Inc. Became REMEC

Broadband Wireless

Inc.

Acquired by CIRTEK Holdings

Biñan Production Facility

• Building 1 and 2: 14,121 m2

• Building 3 (new): 8,175 m2

• 3.5 Megawatts standby generator

• Located within a free trade zone (PEZA)

• Class 10K and 100K clean room

• ESD-controlled environment

ISO 9001:2015 and ISO 14001:2015

certified by TUV NORD

Overview Customer List Production Facilities

CEIC Knows Radio Frequency


1996 1997 1998 1999 2000 2006 2009 2014 2015 2016Device Assembly Components and Packaging Integration and Test of

Systems

Design and Manufacture of Systems Expanded EMS Business

• Split-type Microwave Radios

• All Outdoor Internet Protocol Radios

• Gigabit Millimeterwave Radios

• Multi-gigabit 80Ghz Radios

• Indoor Radio Frequency Units

• Satellite Communication Products

• Point-of-Sale Devices

•

Products

• Microwave Backhaul Radio Links

• High-capacity Millimeter Wave Radio

Systems

• Long Haul Radio Systems

• Satellite Block Up Converters and

Transceivers

Uses

• Wireless Telecommunication

• Satellite Communication Systems

• Enterprise Solutions

• Public Safety / Utilities / Transportation

• Aerospace / Defense

Business Applications

Manufacturing and Service Expense


20 GHz0 GHz 6 GHz 200 GHz

Police

radar,

SatCom

V-Band pt.-

pt. systems

5G communication

Wireless Backhaul

Military radar &

Counter

measures

Telecommunications,

consumer wireless,

automotive radar

Scientific

imaging and

measurement

Magnetic

resonance

imaging

(MRI)

CATV & Cable

Modem

Cellular

2G, 3G,

4G

RFID,

Telematics,

QPQ

WiMAX,

Wireless LAN

Access

points

Test

equipment

Communication

systems

Radio Wave Microwave Millimeter Wave

Telecommunications

Point-to-point/ Multi-

point

communications,

HDTV video relay,

3G and 4G mobile

communications

Security scanners in

airports, ferries, court

houses, and

factories/

warehouses

Imaging

Perimeter surveillance,

inter-satellite

communications,

radar-guided bombs

and guided munitions

Defense

Automotive radar (i.e.

adaptive cruise control,

crash avoidance

systems)

Home radar systems

Wearables

Consumer

Millimeter Wave Advantages Emerging Sectors: Products and Applications

• Upper end of the radio frequency spectrum from

20 Ghz to 300 Ghz

• One to fifteen millimeters in wavelength

• Radio spectrum still in early stages of development

• Larger bandwidth

• Higher data rates

• (40x to 100x faster than current wireless LAN

technologies)

• Lower cost do deploy resulting in lower cost of wifi

services

• Quicker to roll out

• Security and privacy is better

• Reduces hardware size

Shift Toward Milimeter Wave Technology


2020 Revenue by Industry Application

9%6%

11%

4%

70%

Industrial Military/defense

Sat comm Consumer

Telecomm

2020 YTD Revenue by Industry Application

11%

10%

79%

Asia Eurpoe North America

2020 YTD Revenue by Region


▪ Revenue growth driven by strong demand for Radio Frequency (RF) / Microwave / Millimeterwave

products in the telecoms, consumer, defense, security, satcom, and imaging end markets

➢ Managed to secure Blanket Purchase Orders (BPOs) from 2 major US customers (RBWN

and MNI) to support 2021 sales

➢ Currently in the midst of product qualification with IDT/Renesas.

➢ 2 models have been qualified so far for high speed data transmission application

➢ Growing Analog Devices Inc (ADI) market share by taking advantage of the work stoppage of

other ADI Contract Manufacturers (CMs)

▪ Customer expansion in the microwave and millimeter wave spectrum in US and Europe. Hence,

CATSI is expanding its salesforce in these regions.

➢ Secured contract manufacturing services from IDT/Renesas

➢ Working with Cobham on the qualification of new RF Power Modules for aerospace

application

➢ Expansion of ADI products into the System Level Box Builds and new RF Boards from ADI

CATSI Business Update


• 5G is forecasted to account for 45 percent of global mobile data traffic by 2025

• By the end of 2019, global mobile data traffic reached around 33EB per month. This

is forecasted to grow by almost a factor of 5 to reach 164EB per month in 2025. (1)

Source: (1) Ericsson Mobility Report, June 2020; Cisco VNI Global Mobile Data Traffic Forecast, 2014-2019

Mobile Data Traffic to Reach 20 EB/month by

2020

Growth Drivers

Internet of Things

Mobile

Telecom Industry

Millimeter Wave industry expected to grow from

current $1.0B to $11.0B by 2020, or a CAGR of

45%.

32%

Radio Frequency and Wireless Broadband


Mobile Data Traffic to Reach 20 EB/month by

2020

Source: www.marketsandmarkets.com/Market-Reports/5g-fixed-wireless-access-market-41266711.html

Radio Frequency and Wireless Broadband


Wearables

Smart

Buildings

Healthcare

Solutions

Smart

Appliances

Smart

Homes

Driverless

Cars

The Next Evolution of Technology

The Internet of Things (“IoT”) is the network of physical objects that contain embedded technology

(electronics, software, sensors, connectivity) which allow these objects to communicate, sense, or

interact with their internal states as well as the external environment.

• It is estimated that the Internet of Things (IoT) Market will be worth $1319.08B globally by 2026

at 25.68% CAGR

• IOT “connected devices” is forecasted to reach 75B by 2025

Source: https://www.prnewswire.com/news-releases/internet-of-things-iot-market-worth-1319-08-billion-globally-

by-2026-at-25-68-cagr-verified-market-research-301092982.html

The Internet of Things


Source: https://www.ameriresearch.com/product/wireless-

broadband-market/

• The global wireless broadband marketwas valued at $10.6bn in 2016 and isforecast to grow at a strong CAGR of10.6% between 2017 and 2024,culminating to global revenue of$23.5bn by 2024

USD 11.7

Billion

USD23.5

Billion

2017 2024

Global Wireless Broadband Market

Broadband Data Growth Market


Company Overview





Q&A

Table of Contents


Organic Antenna Developments

“Business as

Usual” status

at AT&T

National

Approval status

at Verizon

Began

Relationship

with AT&T

Began

Relationship

with Verizon

US TAM ~$800m (Quintel % of Total

Addressable Market “TAM”):

20

08

20

09

20

10

20

11

2012

20

13

20

14

20

15

2016

20

17

20

18

20

19

2020

20

21

20

22

20

23

Cirtek

became

Contract

Mfr for

Quintel

First

US

Office

in CA

Office

in NY

Joint Solutions / Licensing / IP Integration

5%1%

Cirtek

acquired

Quintel

+ ODM/OEM Partnerships

Founded; Spun-

off from QinetiQ

(UK) to develop

unique antenna IP

No

w

Relationships

with other

ops

▪ Original company founded in UK – spin out from QinetiQ.

▪ Quintel USA, Inc. incorporated in Oct 2007

▪ Original business model – Multi Operator Antenna Sharing. Disruptive model

▪ Business model evolved into multi-tilt, multi-band antennas for one operator

▪ Focus has always been on innovative, value-add base station antenna solutions

▪ Secured AT&T and Verizon as Customers – Business As Usual from 2016

▪ Cirtek selected as Contract Manufacturer 2016

▪ Cirtek acquisition Aug 2017

▪ Achieved >$50M revenues in 2018

Quintel Background


• Quintel manufactures and supplies AT&T and Verizon with Base Station Antennas

• MNO’s deploy antennas to add additional spectrum and new services such as 5G at sites.

Business Description and Product End Application


Source: IEEE

4G and 5G – Another perspective of where we play


Key differentiator has been our independent tilting from dual-band low-band radios

Major Products – Our Current Macro Antenna Portfolio


Growth Drivers

Internet of Things

Increasing Mobile data traffic

Base Station Antenna Market

Source: Global Base Station Antennas Market Outlook 2019-2024, GEN Consulting, https://www.asdreports.com/market-research-report-451903/global-base-station-antennas-market-outlook

Base Station Antenna Market Growth


• 5G is advertised as available now. This is using

existing Low-Band Spectrum of between 5-20MHz

Downlink, giving up to say 100Mbps Experiences.

• The “real” 5G experience needs to come from

3.7GHz (auction) and 2.5GHz (TMO) where up to

100MHz of spectrum can be used under

beamforming giving peak 1Gbps Experiences as in

Europe/Asia.

• 3.7GHz has not happened yet and 2.5GHz has only

started for TMO

• Most nationwide deployments with new radio

equipment will take around 7 years with most “bang

for buck” in the first 3 years

Current 5G Penetration – Beware of Adverts


• iPhone 12 will support 5G in both sub-6GHz and mm

Wave bands

• Sub-1GHz has been rolled out by all Operators in the US

through spectrum refarming, for 5G base coverage.

• Sub-1GHz won’t deliver the headline data rates often

touted for 5G

• C-Band (3.7GHz) auction will provide the needed boost

for data-rates. VZW, AT&T and Dish will contend for this.

• TMO already has 5G Capacity spectrum at 2.5GHz.

• 5G capable handset population needs to grow

5G network spend encouraged by iPhone 12


• QUSA has 3x executed MPA’s

• They give us “license to sell” products.

• Volumes will depend on actual orders.

• Verizon may renew the current MPA following a “Request for Quotation”, which may provide more growth potential.

• This prospect being a result of Verizon Supply Chain instruments to reduce the market over dominance of Commscope.

Master Purchase Agreements (“MPA”)


Verizon, 60%

AT&T, 35%

Others, 5%

Quintel Telecomm Market Revenue by Customers

Quintel Telecomm Market Revenue by Customers


Company Overview





Q&A

Table of Contents


Financial highlights


Financial highlights


Financial summary

Except for per share

amounts (US$000s) Consolidated

Income statement data Reviewed 2020 Unaudited 2019

Net sales 59,522 69,560 (14)

Cost of sales (44,375) (54,367) (18)

Gross profit 15,147 15,193 (0)

GP Margin (%) 25% 22%

Net Income 3,624 3,688 (2)

Net profit margin (%) 6% 5%

EBITDA 13,990 12,125 15

Ebitda Margin (%) 24% 17%

Earnings per share 0.0013 0.0015

Consolidated Balance sheet data As of September 30,

2020 (Reviewed) Audited Dec 2019

Current assets 146,330 133,663 9

Total Assets 289,509 266,831 8

Current liabilities 132,452 93,375 42

Total Liabilities 174,051 152,563 14

Total equity 115,459 114,268 1

Current ratio (x) 1.1 1.4

D/E ratio 1.22 1.11

As of and for the nine months ended

September 30

19-20

Inc. (Dec)

%

Cirtek: 3Q2020 (9MOS) in review


Company Overview





Q&A

Table of Contents


Thank you!


QA

CIRTEK HOLDINGS - PDS Group

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