East Coast Furnitech Public Co., Ltd. · SET:ECF
East Coast Furnitech Public — FY2020 Earnings Presentation
35 slides from East Coast Furnitech Public's earnings presentation, Apr 8, 2021
Slide 1: Opportunity Day 2020 Performance
Opportunity Day 2020 Performance 8 April 2021 1
Slide 2: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 2
Slide 3: ECF Stock and Performance Overview
Company Overview ECF Stock and Performance Overview Listed Market For Alternative Investment (mai) Registered Capital Baht 299.16 million or USD 9.57 million Paid Up Capital Baht 239.87 million or USD 7.68 million with a par value of Baht 0.25 1st Trading Day 26 March 2013 CGR 2020 Market Cap. (as o
Slide 4: Business Structure
Business Structure •VV-Décor: VV Décor Co.,Ltd. The distributor of foil paper •ECFH: ECF Holdings Co.,Ltd. 99.95% 75.00% 99.99% 57.00% The distributor of furniture Trading Business ECFH •ECF-P: ECF Power Co.,Ltd. Investor for renewable energy business Foil Paper Trading Business Energy Business New
Slide 5: Furniture Business
Furniture Business 5
Slide 6: Furniture Business
Furniture Business Main Customers: Oversea 63% verview Domestic 37% The main business of ECF is furniture manufacturer, wholesaler and also distributor both domestic and international in all kinds of furniture and related materials. Furniture Products: • Particle Board • Rubber Wood • Dealer • Foil
Slide 7: ECF Factory 1
Furniture Business (cont.) ECF Factory 1 Warehouse Warehouse F2 Mate rial F4 F1 F4 F7 F3 Showroom Klaeng, Rayong : Factory for particle board furniture (Total area 43 rai) 7
Slide 8: ECF Factory 2
Furniture Business (cont.) ECF Factory 2 Production Line Sawn Sawn Timber Timber WH Foil Paper Maintenance building Wangchan, Rayong : Factory for rubber wood furniture and foil paper (Total area 54 rai) 8
Slide 9: ECF Marketing Office and Warehouse
Furniture Business (cont.) ECF Marketing Office and Warehouse Lamlukka Klong 5, Pathumthani : Marketing office and warehouse for showroom and dealers (Total area 2 rai) 9
Slide 10: Furniture Business (cont.) Our Products
Furniture Business (cont.) Our Products 10
Slide 11: Energy Business
Energy Business 11
Slide 12: Minbu Project
Minbu Project Project Name 220MWDC Minbu Solar Power Project (170 MWAC) Location Minbu District, Magway Region, Myanmar Capacity 220 MWDC (Phase I – III: 50 MWDC each, Phase IV: 70 MWDC ) Phase 1 – 17 months, Phase 2 – 12 months, Construction Time Phase 3 – 18 months, Phase 4 – 18 months The 1.3-mil
Slide 13: Minbu Project (cont.) Solar Power Plant
Minbu Project (cont.) Minbu Project Solar Power Plant • Project : Solar Power Plant 220 MW • Company : Green Earth Power (Thailand) Co.,Ltd. • Location : Magway Region, Myanmar • Invested by : ECF Power (as ECF’s subsidiary) at 20% of total shares • COD : 27 September 2019 (First 50MW), totaling 220
Slide 14: Minbu Project (cont.)
Minbu Project (cont.) 220 MWDC Minbu Solar Power Plant Phase 1 (50MWDC) State-of-the-Art Technology with Trusted Manufacturers Assuring Plant’s Reliability • Phase 1 constructed over 160 Acres • 160,000 PV Panels Top Tier Brand - Jetion • European-made Transformer – Siemens • European-made Inverters
Slide 15: 230kV Substation of Minbu Solar Power Plant
Minbu Project (cont.) 230kV Substation of Minbu Solar Power Plant
Slide 16: 230kV Substation of Minbu Solar Power Plant
Minbu Project (cont.) 230kV Substation of Minbu Solar Power Plant
Slide 17: Minbu Project: Synergic Partnership
Minbu Project (cont.) Existing Shareholders : Minbu Project META Corporate Scan Inter Public Synergic Partnership Noble Planet Public Company ECF Power Company Company Limited Pte. Ltd. Limited Limited • Funding and Expertise Shareholder • Engineering Level Noble Planet ECF Power • Roadmap Strategy
Slide 18: Foil Paper and Service Business
Foil Paper and Service Business 18
Slide 19: Foil Paper and service business
Foil Paper and service business Page 19
Slide 20: Foil Paper and service business (cont.)
Foil Paper and service business (cont.) Page 20
Slide 21: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 21
Slide 22: Financial Highlight: Total Revenue
Financial Highlight 9.66% Year 2020 Total Revenue 9.66% YoY Total Revenue YOY 1,416 1,291 Baht 1,415.63 million Unit : MB 992 994 3.73% Year 2020 Total Sales Revenue Baht 1,384.49 million QoQ Sales Portion Export 63% Domestic 37% 24.04% 40.99% -18.65% -3.89% YoY YoY YoY YoY Domestic Sales -5.9
Slide 23: Financial Highlight (cont.) Cost and Expenses
Financial Highlight (cont.) Cost and Expenses compared to % of total revenue & Share of Profit from Investment in Associates Unit : MB 78% 2019 2020 68% 14% 6% 9% 9% 9% 4% 0.6% 0.97% 2% 1% Cost of good sold Cost of sales Administrative Financial cost Tax Share of Profit from expenses Investment in A
Slide 24: Financial Highlight (cont.) Net Profit
Financial Highlight (cont.) Net Profit (Separate) 2019 2020 Unit : MB Furniture Business : Net Profit (ECF’s Portion) *Consolidated* 70 -41.10% YoY Year 2020 Net Profit -51.91% YoY Baht 30.45 million -81.90% QoQ 43 41 Net Profit (Consolidated) 37 1.07% -115.92% 47.11% -85.13% Furniture Business + al
Slide 25: Financial Highlight (cont.) Financial Position
Financial Highlight (cont.) 2019 2020 Assets Unit : MB Financial Position as of Unit : MB 1,379.37 1,370.21 Financial 31.12.2018 31.12.2019 31.12.2020 Position 672.12 584.10 521.51 481.89 Assets 3,118.12 3,348.31 3,544.72 283.32 331.31 187.14 Liabilities 1,913.12 2,106.63 2,304.94 84.06 Equity 1,205
Slide 26: Financial Highlight (cont.) Ratios
Financial Highlight (cont.) Period 12 months 12 months As of 31 Dec. 2020 31 Dec. 2019 Liquidity Ratios Current Ratio (time) 1.22 1.10 Average Collection Period (day) 83.59 91.81 Average Product Sales Period (day) 155.65 145.21 Average Repayment Period (day) 61.53 69.67 Cash Cycle (day) 177.71 163.9
Slide 27: Share of Profit from Minbu Project
Financial Highlight (cont.) Unit : MB Share of Profit from Minbu Project, Myanmar 35.14 32.00 The reason for the decrease in profit sharing during the fourth 16.89 quarter of 2020 was due to the 11.55 revision of the TFRIC 12 accounting standard model and the expenditure recorded in the fourth 3.54
Slide 28: Plant Performance: Revenue for the year 2020
Plant Performance: Revenue for the year 2020 Financial Highlight (cont.) Remark: Revenue collection day is 45 days from billing date.
Slide 29: Monthly Performance Ratio
Financial Highlight (cont.) Monthly Performance Ratio Yearly PR Taget Yearly PR Average (%) Actual (%) 78.06% 78.82% 90% 77.08% 78.99% 78.28% 77.09% 78.98% 78.04% 77.26% 80.42% 80.11% 81.53% 79.68% 78.37% 78.30% 77.10% 74.80% 74.10% 76.20% 79.70% 79.40% 80.10% 79.20% 78.90% 79.10% 79.80% 80% 70% 60%
Slide 30: Yearly Energy Export
Financial Highlight (cont.) Yearly Target Yearly Average Actual (%) (%) Yearly Energy Export 6,719.51 6,811.60 10,000 90,000 81,739.16 9,000 80,000 7,175.30 7,606.75 8,000 7,513.16 7,387.11 7,295.26 70,000 6,684.51 6,837.99 6,684.12 7,000 6,444.28 6,281.66 5,943.88 60,000 5,885.14 6,000 50,000 MWh M
Slide 31: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 31
Slide 32: Business Strategy
Business Strategy Customer Diversification Sourcing of Furniture Products Decrease the Financial Cost Paving the way to Online Business Accelerate the construction for Phase 2 3 & 4 of the Minbu Project to be finished by 2022
Slide 33: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 33
Slide 34: Opportunity Day 2020 Performance
Opportunity Day 2020 Performance 34
Slide 35: Thank You
East Coast Furnitech PLC. Thank You Investor Relations +662-152-7301-4 ext.212 or 202 ir@eastcoast.co.th www.eastcoast.co.th 35
East Coast Furnitech Public — FY2020 Earnings Presentation on 6ix