Thai Optical Group Public Co. Ltd. · SET:TOG
Thai Optical Group Public — Q1 2024 Earnings Presentation
28 slides from Thai Optical Group Public's earnings presentation, Jul 11, 2024
Slide 1: Investor Presentation
Tt N oO N = = cm =) = i THAI OPTICAL GROUP INVESTOR PRESENTATION Mi, -
Slide 2: Disclaimer
| Disclaimer 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 tendencies for future periods, compared with results for previous periods. Some of the statements contained
Slide 3: Agenda
| Agenda Corporate Overview Growth Drivers Financial Performance Sustainable Development
Slide 4: Corporate Overview
‘Corporate Overview
Slide 5: Corporate Overview
| Corporate Overview TOG is a spectacle lens manufacturer with a strong track record, throughout a 70-year history, serving business customers, both in Thailand and internationally, across 50 countries, over 6 continents. Company Subsidiaries & Associated Companies: Manufacturing Thai Optical Group
Slide 6: TOG Mission and Dividend Policy
| TOG Mission oy oes rH) We intend to become a leading, sustainable, independent manufacturer with a global reputation for: 0.60 + Consistent service excellence + Ease of doing business + Supplying the best value on time every time 0.50 0.40 0.30 0.20 | TOG Dividend Policy Not less than 40% of its c
Slide 7: Business Overview
| Business Overview TOG is an innovative, cost-effective and reliable independent lens manufacturer of both cast and Rx prescription spectacle lenses. | Key Highlights SES. = o © * High Quality Value for Money Service with Care Sustainability
Slide 8: Business Model
Business Model TOG EU & TOG USA Distribution centers Prescription laboratories / Import Optical retails/ E-commerce Distributors Omni-channels partners al Prescription (Rx)
Slide 9: Standard, Value-Added and Prescription Lenses
Standard Lenses Value-Added Lenses Prescription Lenses Other Products & Lens Casting Production Lens Casting Production Rx Automation Line Services Refractive index High refractive indexes and special Individually customized lenses Supply services and trading Materials: 1.50, 1.50X400 products mater
Slide 10: Brand Portfolio
| Brand Portfolio In addition to being an OEM manufacturer of lenses, we also offer products under our own brand. Lens Designs Lens Materials TOG Toa Tos Basic Material ‘Advanced Single Vision Lens Freeform Progressive Lens ; : =) ae: HE GME ME froigg froeten Srateten Se oe Tos 06 Toa Tos Convention
Slide 11: Growth Drivers
Slide 12: Growth strategy: expand customer base across all regions
01 Expand customer 02 Accelerate responsive 03 Deploy automated operation and 04 Expand Rx prescription 05 Develop advanced 06 Ensure sustainability base across supply, with a lens products and remains a all regions. variety of data systems, production, to working cornerstone of products, via with l
Slide 13: Key Growth Driver
| Key Growth Driver Production Capacity Expansion in 2023 To increase Rx prescription lens capacity by 30% (equivalent to approx. 5,000 pieces of eyewear per day), to accommodate potential business growth.
Slide 14: Industry trends and challenges
01 Around 1 in 3 people in Europe and the US, and 02 Large amounts of time spent 03 Fluctuations in the global 04 Currency exchange rate 05 Geopolitical challenges 06 Internal political issues can lead to 75% of individuals in the exposed to economy fluctuations pose complex changes in Asia-Pacific
Slide 15: Financial Performance
151 135 128 82 43 2019 2020 2021 2022 2023 14
Slide 16: Annual financial performance 2019-2023
Slide 17: Q1/2024 Results - Consolidated
| Q1/2024 Results - Consolidated eYait-w Gross profits Net Income from sales 171 MB 112 MB and -21.1% YoY -10% YoY services 835 MB +17.3% YOY EBIT EBITDA 133 MB 188 MB
Slide 18: Quarterly revenue, gross profit and net income
Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Revenue from sales and services 549 454 455 537 450 222 531 618 576 572 547 663 643 676 751 821 711 654 773 821 835 Gross Profits 139 65 64 106 69 (6) 53 141 141 149 111 126
Slide 19: Q1 sales, gross profit and net profit
Q1/20 Q1/21 Q1/22 Q1/23 Q1/24 Sales 450 576 643 711 835 Gross Profit 69 141 138 217 171 Net Profit 38 96 76 113 112 %GP 15% 24% 21% 31% 20% %NP 8% 17% 12% 16% 13%
Slide 20: Financial ratios and trends
2022 2023 Q1/22 Q1/23 Q1/24 2022 2023 Q1/22 Q1/23 Q1/24 2022 2023 Q1/22 Q1/23 Q1/24 2022 2023 Q1/22 Q1/23 Q1/24 2022 2023 Q1/22 Q1/23 Q1/24
Slide 21: Sales by region
Americas Asia- Africa Australia-New Zealand Europe 2022 2023 Q1/22 Q1/23 Q1/24
Slide 22: Sales by product type
Others Rx Value-added Standard 2022 2023 Q1/22 Q1/23 Q1/24
Slide 23: Sustainable Development
Slide 24: Sustainable Development
Sustainable Development At TOG, we ‘Craft with Care’ and help people around the world lead healthier and more fulfilling lives, through the power of sight. Healthier Living is the foundation of sustainability for all, including employees, partners, customers, consumers, communities and the environme
Slide 25: Craft with Care
| ‘Craft with Care' 01 Caring for Environment: Responsibly and efficiently utilize resources; properly dispose of waste; and minimize environmental impact. 02 Caring for People: Build strong lasting relationships among people, to ensure responsible practices. 03 Caring for Performance: Strive for co
Slide 26: Sustainability Projects
<¥ SOLAR PANELS 2.56 MW of electric power REDUCING SINGLE-USE PLASTIC IN 961 Tonnes COzeq reduced PACKAGING to date 10% CO,eq reduced vs. original design | Sustainability Projects ENVIRONMENTAL AND CARBON WASTE MANAGEMENT . . a CO, FOOTPRINT OF Zero Industrial waste The 4 pillars of a SMETA ORGANIZA
Slide 27: Awards and Recognition 2023
| Awards and Recognition 2023 Sustainability Disclosure TOG is listed as Asia’s Best | tent | Under A Billion 2023. Acknowledgement Award BESTaitign | ee from Thaipat Institute [= | TOG was selected as one of the Thai public companies listed in Asia's Best Under A Billion 2023, outperforming others,
Slide 28: Get in Touch
| Get in Touch +66 (0)2-194-1145 to 1150 +66 (0)63-903-0780 ir@thaiopticalgroup.com www.thaiopticalgroup.com TOG’ THAI OPTICAL GROUP
Thai Optical Group Public Company — Q1 2024 Earnings Presentation on 6ix