Thai Optical Group Public Co. Ltd. · SET:TOG
Thai Optical Group Public — Q1 2023 Earnings Presentation
22 slides from Thai Optical Group Public's earnings presentation, Jun 23, 2023
Slide 1: Opportunity Day Q1/2023
OPPORTUNITY DAY Q1/2023 June 23, 2023
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 tendency for future periods, compared with the results for previous periods. Some of the statements contained
Slide 3: Agenda
AGENDA • Corporate & Business Overview • Financial Performance • Growth Drivers & Outlooks • ESG 3
Slide 4: Agenda
AGENDA • Corporate & Business Overview • Financial Performance • Growth Drivers & Outlooks • ESG 4
Slide 5: Corporate Overview
Corporate Overview TOG is a spectacle lens manufacturer with strong track record 60-year history. We serve business customers both in Thailand and internationally, across 50 countries, over 6 continents. DISTRIBUTION CENTER TOG Europe Sp. z o.o. (Subsidiary) Szczecin, Poland MANUFACTURINGS Thai Opti
Slide 6: TOG Mission and Dividend Policy
TOG Mission We intend to become a leading, sustainable, independent manufacturer with a global reputation for: • Consistent service excellence • Ease of doing business • Supplying the best value on time every time TOG Dividend Policy Not less than 40% of its consolidated net profit after deduction o
Slide 7: Business Overview
Business Overview TOG offers a wide variety of lens materials designed to correct refractive errors, causing impaired vision both near- and far-sightedness, astigmatism and presbyopia. Lens Uncut Blank Lenses (1) (2) Standard Lenses Value-Added Lenses Prescription Lenses (Rx) Other Products & (1),(2
Slide 8: Agenda
AGENDA • Corporate & Business Overview • Financial Performance • Growth Drivers & Outlooks • ESG 8
Slide 9: Historical Financial Summary (Quarterly)
Historical Financial Summary (Quarterly) Unit: THB million Sales Gross Profit Net Profit 821 751 711 663 676 643 618 576 572 549 537 531 547 454 455 450 201 217 163 177 139 222 141 141 149 138 106 111 126 65 64 69 53 63 25 13 38 21 109 116 103 113 80 14 (6) 96 21 51 76 76 Q3/20 Q2/22 Q1/19 Q2/19 Q3/
Slide 10: YOY Financial Performance
YOY Financial Performance Unit: THB million 711 643 576 549 450 217 139 141 138 69 96 113 80 38 76 Q1/19 Q1/20 Q1/21 Q1/22 Q1/23 Sales Gross Profit Net Profit 10
Slide 11: Q1/2023 Results (Consolidated)
Q1/2023 Results Q1/23 RESULTS (Consolidated) (CONSOLIDATED) Unit: THB million Q1/22 Growth Q1/23 Revenue from sales and services 643 10.6% 711 138 217 Gross profits 57.0% 21.5% 30.5% 76 113 Net Income 48.3% 11.8% 15.8% 76 123 EBIT 61.9% 11.8% 17.2% 121 162 EBITDA 34.1% 18.8% 22.8% 11
Slide 12: Q1/2023 Revenue Growth In EU & US
Q1/2023 Revenue Growth In EU & US Unit: THB million Europe 749 667 Asia Pacific Americas 203 469 507 154 157 133 114 106 440 573 2021 2022 Q1/21 Q1/22 Q1/23 89 115 165 2021 2022 Q1/21 Q1/22 Q1/23 2021 2022 Q1/21 Q1/22 Q1/23 Australia and New Zealand Middle East and Africa 67 995 51 731 9 23 16 191 2
Slide 13: Q1/2023 Revenue Growth In EU & US
Q1/2023 Revenue Growth In EU & US 19% 20% 15% 18% 23% 22% 20% 25% 21% 17% America Asia/Africa 31% 34% 33% 36% 31% ANZ Europe 28% 26% 27% 24% 29% 2021 2022 Q1/21 Q1/22 Q1/23 13
Slide 14: Q1/2023 Rx Driven By ANZ, US And Asia Markets
Q1/2023 Rx Driven By ANZ, US And Asia Markets 8% 9% 7% 9% 9% 35% 35% 32% 37% 38% High value-added Others 20-30% margin Rx 29% 28% 34% Value-added 29% 28% Standard Low value-added 10-20% margin 29% 28% 27% 25% 25% 2021 2022 Q1/21 Q1/22 Q1/23 14
Slide 15: Q1/2023 Higher sales across all products
Q1/2023 Higher sales across all products Exchange Rate Q1/23 = 34 THB/USD 711 643 65 $1.9 mil 57 $1.7 mil • Continued strong demand from existing accounts in ANZ 270 Others 239 • Strong demand from NA region $7.9 mil Rx $7.0 mil Value-added 185 • Expansion of customer base across all regions. 200 $5
Slide 16: Agenda
AGENDA • Corporate & Business Overview • Financial Performance • Growth Drivers & Outlooks • ESG 16
Slide 17: 2023 Growth Drivers
2023 Growth Drivers • Expand customer base across all regions. • Accelerate responsive supply, with variety of products, via distribution centers in the US and in Europe. • Deploy automated operation and data systems, with lean principles, to increase efficiency and capacity. • Expand Prescription L
Slide 18: 2023 Outlooks
2023 OUTLOOKS Efficiency Maximization • Accelerate efficiency maximization to mitigate the impact of increasing production costs from raw materials and the potential raise in the minimum wage. • Install 1.9-MegaWatt Solar PhotoVoltaic Rooftop at TOG to mitigate rising electricity costs and GHG-Green
Slide 19: Agenda
AGENDA • Corporate & Business Overview • Financial Performance • Growth Drivers & Outlooks • ESG 19
Slide 20: 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 foundation of sustainability for all; employees, partners, customers, consumers, communities and environment. 20
Slide 21: 'Craft with Care'
'Craft with Care' • Caring for Environment: Responsibly, efficiently utilize resources. Dispose waste properly. Minimize environmental impact. • Caring for People: Build strong lasting relationships among people for responsible practices. • Caring for Performance: Strive for continual efficiency imp
Slide 22: Thai Optical Group Pcl.
Thai Optical Group Pcl. Head Office THAI OPTICAL GROUP PCL. 15/5 MooHead 6 Bangbuathong-Suphanburi Office Road, 15/5 Moo 6 Bangbuathong-Suphanburi Rd. Laharn Laharn Sub-district, Bangbuathong Bangbuathong, Nonthaburi, Thailand District, 11110 Tel: (+66) 02 194 1145 to 1146 Nonthaburi Province 11110
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