TECHTRONIC IND(TTNDY) - 2022 Q4 - Earnings Call Presentation

Financial Performance - Sales increased slightly by +0.4% from $13,203 million in 2021 to $13,254 million in 2022[1, 10] - Gross profit increased by +1.8% from $5,122 million in 2021 to $5,213 million in 2022[1, 5] - Gross margin improved by +54 bps, reaching 39.3% in 2022 compared to 38.8% in 2021[1, 5, 10, 13, 14] - EBIT increased by +0.8% from $1,192 million in 2021 to $1,201 million in 2022, representing 9.1% of sales[1, 10] - Net profit decreased by -2.0% from $1,099 million in 2021 to $1,077 million in 2022, representing 8.1% of sales[1, 5, 10] - EPS decreased by -2.0% from 60.04 cents in 2021 to 58.86 cents in 2022[1] - Final dividend decreased by -10.0% from 100.00 HK cents in 2021 to 90.00 HK cents in 2022[1] Segment Performance - Power Equipment sales increased by +3.1% from $11,961 million in 2021 to $12,329 million in 2022, representing 93.0% of total sales[3] - Power Equipment operating profit increased by +6.6% from $1,162 million in 2021 to $1,239 million in 2022, representing 10.0% of sales[3] - Floorcare & Cleaning sales decreased significantly by -25.6% from $1,242 million in 2021 to $925 million in 2022, representing 7.0% of total sales[3] - Floorcare & Cleaning operating profit turned negative, from $29.2 million in 2021 to a loss of ($38.1) million in 2022, representing -4.1% of sales[3] Regional Sales - North America sales increased slightly by +0.1% from $10,225 million in 2021 to $10,232 million in 2022, representing 77.2% of total sales[4] - Europe sales decreased by -1.2% from $1,951 million in 2021 to $1,928 million in 2022, representing 14.5% of total sales[4] - Rest of World sales increased by +6.5% from $1,027 million in 2021 to $1,094 million in 2022, representing 8.3% of total sales[4] Financial Position - Non-current assets increased by +21.1% from $3,946 million in 2021 to $4,778 million in 2022[6] - Current assets decreased by -5.8% from $9,062 million in 2021 to $8,537 million in 2022[6] - Current liabilities decreased by -6.8% from $6,679 million in 2021 to $6,222 million in 2022[6] - Equity increased by +10.2% from $4,723 million in 2021 to $5,205 million in 2022[6]