investor presentation · 2017. 2. 24. · 28.8% 29.1%33.5% 31.8% 34.9% 31.3% 36.1% 33.5% 38.6%...
TRANSCRIPT
INVESTOR PRESENTATION Analyst Meeting November 10, 2016
DISCLAIMER
2
The following presentation may contain forward looking statements by the Management
Team of Thai Optical Group Public Company Limited (the Company), related to
financial or other tendency for future periods, compared with the results for previous
periods.
Some of the statements contained in this presentation that are not historical facts but it
are statements of future estimations with respect to the financial conditions, results of
operations and businesses, and related plans and objectives. Disclaimer information is
based on management’s current views and assumptions including, but not limited to,
prevailing economic and market conditions. These statements involve known and
unknown risks and uncertainties that could cause actual results, performance or events
to differ materially from those in the statements as originally made. Such statements are
not, and should not be constructed as a representation as to future performance of the
Company. In addition, such statements should not be regarded as a forecast or
projection of future performance of the Company. It should be noted that the actual
performance of the Company may vary significantly from such statements in this
presentation.
AGENDA
Strictly confidential 3
1. Q3/2016 Results
2. Status of Rx Automation Project
3. Other Developments
4. Q&A
AGENDA 1
Q3/2016 Results
Unit: THB million Q3/2015 Growth Q3/2016
Revenue from sales and services 436 -8.2% 400
Gross profits 126
(28.1%) -22.2%
95 (23.8%)
Net Income 90
(20.6%) -42.7%
51 (12.8%)
EBIT 112
(25.6%) -43.9%
63 (15.6%)
EBITDA 148
(34.0%) -33.4%
99 (24.7%)
Q3/2016 RESULTS
5
Unit: THB million 3Q/2015 Growth 3Q/2016
Revenue from sales and services 1,326 +5.0% 1,393
Gross profits 314
(23.7%) +10.7%
348 (25.0%)
Net Income 174
(13.1%) -8.3%
159 (11.5%)
EBIT 218
(16.5%) -8.7%
199 (14.3%)
EBITDA 327
(24.7%) -5.3%
310 (22.3%)
3Q/2016 RESULTS
6
HISTORICAL QUARTERLY FINANCIALS
7
380 413 409
428
485 464
428 454 465
402
459
498 523
442
400
75 87 94 87
127 113 93
110 93 87
135 116
150
92 95
18 46 47 39
68 55 37 44 42 41
91 56
75
33 51
Q1/13 Q2/13 Q3/13 Q4/13 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16
Sales Gross Profit Net Profit
Unit: THB million
YEAR-ON-YEAR Q1 FINANCIALS
8
316
409 428
459
400
35
94 93
135
95
(7) 47 37
91
51
Q3/12 Q3/13 Q3/14 Q3/15 Q3/16
Sales Gross Profit Net Profit
Unit: THB million
SALES CONTRIBUTION BY GEOGRAPHY
140 110 27 32 22
2014 2015 Q3/14 Q3/15 Q3/16
846 797
198 197 162
2014 2015 Q3/14Q3/15Q3/16
Australia and New Zealand
Asia Pacific
Europe
America
Unit: THB million
% represents share of total sales for each region
Middle East and Africa
Strictly confidential 9
263 337
71 93 94
2014 2015 Q3/14Q3/15Q3/16
7 9 2 2 2
2014 2015 Q3/14 Q3/15 Q3/16
575 571
130 135 148
2014 2015 Q3/14Q3/15Q3/16
ANZ IS SIGNIFICANTLY HIGHER
10
46.0% 43.7% 39.0% 46.3% 42.9% 37.9%
31.0% 31.3% 30.0%
30.4% 29.4% 34.6%
15.0% 19.0% 19.0%
17.1% 20.7% 22.4%
8.0% 6.0% 12.0% 6.3% 7.0% 5.1%
2014 2015 2016E Q3/14 Q3/15 Q3/16
America
Asia/Africa
ANZ
Europe
RX PRODUCTS ARE KEY
11
28.8% 33.5% 29.1% 31.8% 34.9% 31.3%
36.1% 33.5% 38.6% 34.3% 35.3%
32.2%
29.9% 27.3% 26.0% 28.0% 24.2% 29.2%
5.2% 5.8% 6.0% 5.8% 5.7% 7.2%
2014 2015 2016E Q3/14 Q3/15 Q3/16
Others
Rx
Value-added
Standard
High value-added 20-30% margin
Low value-added 10-20% margin
AGENDA 2
Status of Rx Automation Project
RX AUTOMATION PROJECT UPDATE
Strictly confidential 13
• The project is expected to be completed for commissioning
within the approved budget from the Board of Directors.
• The project received the official approval from Board of
Investment (5-year corporate tax exemption).
• An application of the additional 2-year corporate tax exemption
from investment in automation will be filed by the end of 2016.
CURRENT STATUS: GRINDING/SURFACING AREA
Strictly confidential 14
CURRENT STATUS: GRINDING/SURFACING AREA
Strictly confidential 15
CURRENT STATUS: MEZZANINE’S WALKWAY
Strictly confidential 16
CURRENT STATUS: MEZZANINE’S GARDEN VIEW
Strictly confidential 17
CURRENT STATUS: SCHNEIDER MODULO
Strictly confidential 18
CURRENT STATUS: FRAMES/LENSES STORAGE
Strictly confidential 19
CURRENT STATUS: FRAMES/LENSES STORAGE
Strictly confidential 20
TIMELINE FOR RX AUTOMATION PROJECT
W1 W2 W3 W4 W1 W2 W3 W4 W1 W2 W3 W4 W1 W2 W3 W4 W1 W2 W3 W4 W1 W2 W3 W4 W1 W2 W3 W4
Building Construction
1. Building (New)
2. Building ( renovate)
Surfacing line
Swarf Room
HardCoat
AR-Coat
Rx Store
Glazing Line
Apr ' 17OCT ' 16 NOV ' 16 DEC ' 16 Jan ' 17 Feb ' 17 Mar ' 17Items
• New building construction and Swarf are 2 weeks late.
• Delivery of the remaining items is unchanged.
• Expected commercial operation is unchanged in Mar/Apr 17.
Ramp-up 1
Ramp-up 2
AGENDA 3
Other Developments
THE NEW PRODUCT BRANDING IN THAILAND
Strictly confidential 23
• TOG launched the new product branding for Thailand market in
Oct 2016 at the annual sales event of NST, the sole distributor of
TOG products in Thailand.
• The objectives of the new product branding are as follows:
– Promote “TOG” as a mother brand.
– Regroup product brands for simplicity and ease of understanding.
– Create each brand’s unique mood & tone for different targeted consumers.
– Maintain branding consistency for all markets.
BRAND MOOD & TONE
24
Single Vision Brand Progressive Design Brand
Advanced Design Brand Office Design Brand
TOG’S PRODUCT BRAND PORTFOLIO
25
SERIES OF BRANDS
26
MARKETING MATERIALS
27
MARKETING MATERIALS
28
MARKETING MATERIALS
29
MARKETING MATERIALS
30
ANNUAL SALES EVENT OF NST
31
AGENDA 4
Q&A
APPENDIX
TOG’S MARKETING ACTIVITIES IN US MARKET
34
THAI OPTICAL GROUP PCL.
Head Office 15/5 Moo 6 Bangbuathong-Suphanburi Rd. Laharn
Bangbuathong, Nonthaburi, Thailand 11110
Tel: (+66) 02 194 1145 to 1146
Sales and Customer Service 77/141-142, 33rd Fl. Sinn Sathorn Tower,
Krungthonburi Rd. Klongtonsai, Klongsan
Bamgkok, Thailand 10600
Tel: (+66) 02 440 0506 to 0507