opportunity day h1/2016 ichitan group pcl. thursday...
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Opportunity Day Year 2017
Performance
ICHITAN GROUP PLC.
Tuesday, March 20 th ,2018 at 11.20 am. -12.20 pm.
at The Stock Exchange of Thailand
ICHI Overview
Established the Company
Conversion to Public Company Limited
Listed and Trade in the SET
Entered into joint venture in Indonesia
Focused CLMV Countries
CGR “Excellent” and Rated in “Dividend Universe” list
Development
Year 2010 Year 2013 Year 2014 Year2014 Year2016 Year 2017 Year 2018
Established Mai Tan Co., Ltd. on 3rd September with registered capital of 500 MB and issued 5,000,000 ordinary shares at the par value of 100 Baht per share. In the year 2011,changed the Name to be Ichitan Group .,Ltd.
Conversion the Company into Public Company Limited, decreased par value from 100 Baht per share to 1 Baht 1 per share, and registered capital increase to 1,300 MB, divided into 1,300 million shares at the par value of 1 Baht per share. The Company’s name was Ichitan Group PLC.
Listed and traded on 21st April in the Stock Exchange of Thailand(SET) with Stock’s symbol“ ICHI” Industry: Agro & Food /
Sector: Food & Beverage. Also, registered capital (Fully Paid) 1,300 MB. 1,300 million Share.
On 27th August , entered into a joint venture with PT Atri Pasifik (“AP”) in Indonesia, in order to invest in PT Ichi Tan Indonesia (“PTI”), for distributing RTD beverage under branded “ICHITAN” in Indonesia. Holding share proportion of 50% in “PTI”. Registered capital 400,000 million IDR (about 1,184 MB) partial paid.
Focused entering into CLMV countries.
Ranked in “Excellent” Corporate Governance Report of Thai Listed Companies (CGR) by IOD Rated in “Dividend Universe” list by the SET. Received “Marketing Excellent Award” in Indonesia.
Focusing CLMV countries
New product development
Running new production line
Going to be Sustainable organization.
To be a leader in beverage business with both quality and innovation that grows along with the society.
ICHI Financial Performance : Sale Revenue
YoY + 25.6%
YoY + 6.5 %
Resulted from:
Increased EXPORT sale volume.
Unit: million Baht
ICHI Financial Highlight
(Unit : million Baht)
Year 2017 Year 2016 YoY% Q4/2017 Q4/2016 YoY %
Revenues from sale of Goods 5,687.5 5,338.3 6.5 1,304.6 1,038.8 25.6
Total Revenues 5,719.0 5,266.1 6.7 1,311.1 954.8 37.3
Cost of Sell of Goods 4,334.7 3,943.9 9.9 982.0 862.8 13.8
Distribution Expenses
(incl. Marketing&Promotion cost) 711.4 714.9 (0.5) 135.9 157.9 (13.9)
Administrative Expenses 174.5 202.6 (13.9) 64.6 74.3 (13.1)
Finance Costs 64.3 75.5 (14.8) 14.5 18.4 (21.2)
Total Expenses 5,284.9 4,936.9 7.0 1,197.0 1,113.4 7.5
Share of loss of investment in Joint venture (144.3) (95.7) 50.8 (42.9) (61.4) (30.1)
EBITDA 877.3 918.1 (4.4) 219.4 25.3 767.2
Gross Profit 1,352.8 1,394.4 (3.0) 322.6 176.0 83.3
Net Profit (Loss) 315.1 368.5 (14.5) 93.2 (55.3) 268.5
Financial Ratio
Profitability Ratio
Selling (%) 12.5 13.4 (6.6) 10.4 15.2 (31.5)
Admin (%) 3.1 3.8 (19.2) 5.0 7.2 (30.8)
Gross Profit Margin (%) 23.8 26.1 (8.9) 24.7 16.9 46.0
Net Profit Margin (%) 5.5 6.9 (19.7) 7.1 (5.3) (234.2)
EBITDA (%) 15.4 17.2 (10.3) 16.8 2.4 590.5
Consolidated Financial Statements
Industry Update : Beverage Business
Obstacle High competition
Taxation Trend & Opportunity Healthy product
ICHI RTD Tea market update RTD tea Market Share Jan-Dec 16
RTD tea market value 2017 was 13,237 million Baht.
RTD tea market CAGR 0.09% in between year 2012-2017
Source: Nielson 12
Market value of RTD tea in Thailand
million Baht
RTD tea Market Share Jan-Dec 17
CAGR = 0.09 %
Others
Jubjai
27.2%
13.2%
36.8%
6.6%
16.2%
YenYen Oishi
JubJai
Others
14,493 MB.
22.4%
10.4%
40.6%
5.6%
21.0%
YenYen Oishi
13,237 MB.
(Value -8.7%)
13
Business Update
8,780 MB (-11.6%)
2,116 MB (-26.2%)
891 MB (+14.6%)
1,450 MB (+58.10%)
Main Green Tea
Herbal Tea
Premium Tea
Tea+Nata CoCo
13,237 MB
(-8.7% Value)
Tea Market size & %Growth by Segment Year 2017.
Increasing production capacity to 1,500 Bottles/year PET Production (million Bottles/year) UHT Production(million Bricks/year)
OEM ratio has tendency to decrease continuously in the future after increasing production capacity in phase 2
2 2
Production Line
3 4 2 2 6 2 7
CAPEX = 800 MB In December,2017
15
58.00%
36.00%
4.20%
Export 1.80%
5,338 MB
43.00%
26.00%
2.50% 1.50%
27.00%
5,688 MB
ICHI Sales by Brand / Export Year 2016 Year 2017
45.0%
28.0%
ICHI Retail and Distribution Channel
1) Modern Trade
2) Traditional Trade
IGT (TT Retail)
(Wholesaler network and partner of Singha nation wide)
Thailand : 73% Export : 27.0 %
o CLMV: Cambodia , Lao PDR, Myanmar, Vietnam Take note: % from total sales of beverage 16
January-December,2017
62.0%
8.0%
3.0%
The Impact of Excise & Sugar Taxes : ICHITAN Product
18
New Act
- Will pay for Excise tax 10% of the recommended retail price (RRP) + Sugar tax X Baht per litre in regard to sugar content. - Local tax
Previously
Exempted Excise Tax
Previously Exempted Excise Tax
New Act -หลังปรับสตูร “เย็น เย็น” -Exempted Excise Tax -Exempted Sugar tax - Local tax
Previously Exempted Excise Tax
New Act
- Exempting Excise Tax - Will pay for Sugar tax X Baht per litre in regard to sugar content. - Local tax
Green Tea Yen Yen Bireley’s
19
New Act • Will pay for Excise tax 14 % of the recommended retail price (RRP) + Sugar tax X Baht per litre in regard to sugar content.
• Local tax
Previously
• Paid for Excise Tax 22% of Ex-Factory price.
The Impact of Excise & Sugar Taxes : ICHITAN Product ENERGY DRINK
LOGO ทางเลือกสุขภาพ : Green Tea
Logo : Healthier Choice Authorized by: Government
Group: Beverage Objective: To give to beverage sugar
less than > 6 Gram/ml .
The 2017 Marketing Award, Indonesia
PT. Ichi Tan Indonesia (ICHITAN), a leading RTD (Ready-to-Drink) company originally
from Thailand earned proudly achievement in the prestigious event in Indonesia,
“Marketing Award 2017” which held in Jakarta, Hotel Mulia, Wednesday,13 September 2017. Marketing Award is an interesting event to observe what companies in Indonesia faced and did especially in marketing.
Q & A
29
Contact: website : http:// www.ichitangroup.com Email: [email protected]
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