P.C.S. Machine Group Holding Public Company Ltd · SET:PCSGH

P.C.S. Machine Group Holding Public — P.C.S. Machine Group Holding PCL — FY2014 Earnings Presentation

36 slides from P.C.S. Machine Group Holding Public's earnings presentation, Mar 6, 2015

  1. Slide 1: Analyst Forum 1/2015

    Analyst Forum 1/2015 P.C.S. Machine Group Holding PCL PCSGH’s Bangkok Office, 25th Fl. Lake Rajada Office Complex 13:30 – 15:00 6th March 2015 http://www.pcsgh.com ir@pcsholding.com © 2014 Confidential Data updated to at end of 2014 | Revised : 27th February 2015 1

  2. Slide 2: Agenda

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 2

  3. Slide 3: Corporate Overview

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 3

  4. Slide 4: PCSGH Background

    Background • Registered Capital: 1,545 mil THB PCSGH • Major Shareholders: 1st Trading Day • Mr. SIRIPHONG RUNGROJKITIYOT 37.41% 14th March 2014 • Ms. WANNA RAOMANACHAI 36.57% • Public 26.02% (402 mil Shares) 2014 2013 2009 2008 EURO VI complied parts :- Common Rail 2004 2003 EURO V complied parts :

  5. Slide 5: Corporate Structure

    Corporate Structure PCSGH’s Shares 100% 100% 100% Found 2002 2004 2003 Registered Capital 450 350 350 (Million Baht) Area (138.88 Rai) 115,696 (72.31 Rai) 78,272 (48.92 Rai) 28,240 (17.65 Rai) (m2) Employees* 1,543 604 241 (1st January 2015) Sales of 2013 4,016 1,415 635 (Million Baht) Main Process

  6. Slide 6: Location

    Location • NAKHON-RATCHASIMA • Northeast of Thailand, 250 km from Bangkok • 320 km to Seaport • 250 km to SUVARNABHUMI Airport © 2014 Confidential Source: GoogleEarth 6

  7. Slide 7: Vision & Mission

    Vision & Mission To be THE MANUFACTURER OF CHOICE for Customer with World Class Quality MISSION : To Satisfy All Stakeholders VALUE : PCS People Premium Quality for Customer Corporate Governance for Social Professional Shareholders Benefits for Shareholder Customer – Focus Global Supply for growing

  8. Slide 8: Intrinsic Technology

    Intrinsic Technology • Co-Designed Products • Module Assembly Products • Own Designed Mold and Die • Own Designed Production Line, Jigs and Fixtures • Own Designed Automation System : Hands, Fingers and Brain of Robot © 2014 Confidential 8

  9. Slide 9: Business Focus

    Business Focus Characteristic of Focused Parts • Significant: Safety, Functional and Performance concerns • Heavy Duty and Durable • Long Program Life • High Precision, High Technology • High Value Added • High Volume Power Train Systems • Engines • Transmission • Final Drive © 2014 Confidential 9

  10. Slide 10: Advance Technology: Emission Standard

    Advance Technology : Emission Standard Percentage of 1993 standard 2008 : Started Balance Mass Module complied to EURO V 2009 : Started Common Rail complied to EURO VI CO PM HC+NOx 1993 EURO I 1997 EURO II 2001 EURO III 2006 EURO IV 2010 EURO V 2015 EURO VI 2015 : Thailand plan to start Euro V 2013

  11. Slide 11: Business Overview of PCW

    Business Overview of PCW Machining Process Raw Materials Steel Bar Steel Forging Cast Iron Machining Assembly Products © 2014 Confidential 11

  12. Slide 12: Business Overview of PCD

    Business Overview of PCD Die Casting Process Raw Materials Aluminum Ingot Melt to about Machining 600 C Die Casting De-burring Products © 2014 Confidential 12

  13. Slide 13: Business Overview of PCF

    Business Overview of PCF Forging Process Raw Materials Steel Bar Pre Heating to Heat Forging Trimming Treatment about 1,200 C Products © 2014 Confidential 13

  14. Slide 14: Value Customers

    Value Customers OEM Auto Maker Group Tier 1 Suppliers Group © 2014 Confidential 14

  15. Slide 15: Industry Overview

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 15

  16. Slide 16: Thailand Automotive FY2013 – FY2014

    Thailand Automotive FY2013 – FY2014 X 1,000 Vehicles Automotive Sales MN Vehicles Automotive Sales -33.5% 1.13 289.2 1.13 233.4 1.33 0.88 Q1.2013 Q2.2013 Q3.2013 Q4.2013 Q1.2014 Q2.2014 Q3.2014 Q4.2014 2013 2014 Source: Thailand Automotive Institute Domestic Sales Export Source: Thailand Automotive

  17. Slide 17: Events Summary 2014

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 17

  18. Slide 18: 1st Trading Day and Changes in Board of Director

    st 1 Trading Day and Changes in Board of Director Change of Audit Committee’s member Established The Nomination and Remuneration Committee The 1st Trading Day : 14th March 2014 © 2014 Confidential 18

  19. Slide 19: Social Responsibilities

    Social Responsibilities Donated the Ophthalmic laser / for retinal photocoagulation / solid- state Laser Multispot and MultiPulse for curing eyes retina for THEPPHARAT MOU Signing NAKHONRATCHASIMA Ceremony of Dual Hospital Vocational Training with on 24th September 2014 NAKHON RATCHASIMA Recognition

  20. Slide 20: Awarded Programs 2014

    Awarded Programs 2014 • Big Bike : Crankcase • Awarded Program Value • almost 200 mil THB • SOP : 2015 • Big Truck : Trunnion Shaft & Cover Head • Awarded Program Value • almost 500 mil THB • SOP : 2016 © 2014 Confidential 20

  21. Slide 21: Business Overview

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 21

  22. Slide 22: Distribution of Sales 2014

    Distribution of Sales 2014 PCF Export PCD 0.2% 6.2% 24.7% NISSAN Other 1.1% 11.6% ISUZU PCW TOYOTA 30.5% 75.1% Domestic 93.8% 10.7% GM 8.4% Direct Export 6.6% 6.2% 13.1% FORD & 0.5% 1.3% 429.9 MITSUBISHI MAZDA 349.6 13.2% 19.9% 248.3 mil THB 41.9 15.0 2010 2011 2012 2013 2014 Direct Export Ratio to

  23. Slide 23: Variable Expenses

    Variable Expenses US $ / ton Average Aluminum Price : 2013 – 2014 mil THB 2,050 2,500 Raw Material Used 2,000  11.5% YoY 2,000 1,701.5 -16.0% 1,950 1,429.5 1,900 1,500 1,850 1,000 1,800 1,750 500 1,700 0 Q1.2013 Q2.2013 Q3.2013 Q4.2013 Q1.2014 Q2.2014 Q3.2014 Q4.2014 FY2013 FY2014 Source : London M

  24. Slide 24: Fixed Expenses

    Fixed Expenses MN THB Depreciation MN THB Employee Expenses 3.3% 7.6% 574.6 534.3 534.0 517.1 FY2013 FY2014 FY2013 FY2014 Depreciation YoY Employee Expenses YoY © 2014 Confidential 24

  25. Slide 25: Financial Overview

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 25

  26. Slide 26: Sales Performance and Profitability

    Sales Performance and Profitability MN THB 66.8% 13.7% -3.2% -21.7% 5,293.7 5,124.5 4,013.9 3,174.3 2,790.6 Sales YoY 2010 2011 2012 2013 2014 MN THB Gross Profit & Gross Profit Margin MN THB Net Profit & Net Profit Margin 28.4% 28.8% 35.2% 29.7% 32.2% 20.1% 24.2% 24.8% 26.7% 17.5% 1,861.8 1,704.9 1

  27. Slide 27: Financial Ratio

    Financial Ratio MN THB EBITDA & EBITDA Margin MN shares EPS 38.5% 38.1% 40.2% 1.48 1.19 37.6% 31.8% 0.59 0.69 0.46 2,127.8 1,926.3 1,545 1,150 1,150 1,150 1,156 1,209.3 1,278.0 1,073.2 2010 2011 2012 2013 2014 2010 2011 2012 2013 2014 EBITDA EBITDA Margin Shares EPS (THB) * Adjusted Par Value of 201

  28. Slide 28: Industry Outlook

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 28

  29. Slide 29: Thailand Automotive Outlook

    Thailand Automotive Outlook MN Vehicles 3.8 Thailand Automotive Production 3.0 2.15 1.88 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015F 2016F 2017F 2018F 2019F Source: Thailand Automotive Institute 1-Ton Pickup / PPV Passenger Car Other Forecast • New 10%VAT Rate :

  30. Slide 30: Greater Mekong Subregion

    GREATER MEKONG SUBREGION Transport Energy Agriculture Human Urban Environment Resource Development Development Transport and Information and Tourism Trade Communication Facilitation Technology Country Area Population as of 2012 Member (sq.km) (people) GMS 2,569,280 328,814,000 Thailand 513,120 64,36

  31. Slide 31: Greater Mekong Subregion

    GREATER MEKONG SUBREGION X 1,000 kms Length of Road 946.6 Indicator GMS Thailand Length of Road (km) 946,610 115,131 Road Density (m / sq.km) 370 230 Population 328,814,000 64,360,200 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Vehicle Motorization Index Cambodia Myanmar Source : www

  32. Slide 32: Business Outlook

    Corporate Overview Industry Overview Events Summary 2014 Business Overview Financial Overview Industry Outlook Business Outlook © 2014 Confidential 32

  33. Slide 33: Diversify to Non 1-Ton Pickup's parts

    Diversify to Non 1–Ton Pickup’s parts Target : Non 1-ton pickup create more than 25% of Revenue within 2019 © 2014 Confidential 33

  34. Slide 34: Progress of Treasury Stock Program

    Progress of Treasury Stock Program Objective : Non Strategic Shareholders Shares Distribution as at 10th Sep 2014 • To manage and maximize the benefits of the company’s excess 25.31% Shareholders liquidity who hold less • To increase the return of equity (ROE) and earning per share than 1 board lot

  35. Slide 35: Investor Relation Plan

    Investor Relation Plan Q1.2015 Q3.2015 • Analyst Forum : • Analyst Forum : • 6th March 2015 (Fri) • 14th August 2015 (Fri) • OppDay : • OppDay : • 11th March 2015 (Wed) • 17th August 2015 (Wed) Q2.2015 Q4.2015 • Analyst Forum : • Analyst Forum : • 15th May 2015 (Fri) • 13th November 2015 (Fri) • Opp

  36. Slide 36: Thank You

    THANK YOU © 2014 Confidential 36

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