Pan Group Joint Stock Company · HOSE:PAN
Pan Group Joint Stock — The PAN Group — Investor Presentation (September 2015)
37 slides from Pan Group Joint Stock's investor presentation, September 2015
Slide 1: The PAN Group Profile
THE PAN GROUP PROFILE
Slide 2: Market Summary, PAN Overview, Financial Performance, Our Future
Market Summary PAN Overview Financial Performance Our Future
Slide 3: Vietnam at a Glance
VIETNAM AT A GLANCE * Among fastest growing Asia economies, real GDP at 20-year CAGR ~7%. * Foreign reserve of approx. US$35 billion by the end of 2014; trade surplus of over US$2 billion in 2014. Strong current and capital accounts. * GNI per capital grows to US$1,730 in 2013, a 11% CAGR during 200
Slide 4: Growth Dynamics
GROWTH DYNAMICS * Fastest growing middle class in the region; projected to increase from 12 million in 2014 to 33 mil. in 2020* * Final consumption expenditure >70% GDP. * Young middle class playing a key role in propelling economic growth. 11,0 9,0 7,0 5,0 % 3,0 1,0 -1,0 2001 2004 2006 2009 2012 -3
Slide 5: Vietnam Agriculture
VIETNAM AGRICULTURE * In 2014 Contribution to 18.4% of total GDP Export value of US$ 30.8 billion, accounting for 20.4% of total export * Growth drivers Government mandate to restructure agriculture industry towards higher efficiency, higher quality and value-added products, supported by vario
Slide 6: Vietnam Aquaculture and Fisheries
VIETNAM AQUACULTURE AND FISHERIES * In 2014 Contribution to 4.8% of total GDP Export value of US$ 7.3 billion, accounting for 5.1% of total export * Growth prospects Strong potential of aquaculture in Vietnam is rooted in its extraordinary water resources: 750,000 ha fresh and 450,000 ha brack
Slide 7: The Consumer Sector
THE CONSUMER SECTOR Vietnam Food Growth Drivers: Preferences shifting towards higher-quality, Consumption higher-value, branded packaged F&B products Total Food Consumption Market size 2013 2013-2018 CAGR Processed Food (US$ mil) $24B Sub-sector Food consumption Confectionery 1,197 11.3% growth (201
Slide 8: Market Summary, PAN Overview, Financial Performance
Market Summary PAN Overview Financial Performance Our Future
Slide 9: PAN's Vision
PAN’S VISION THE PAN GROUP Agriculture Food * Our vision at The Pan Group is to become a leading regional agriculture and food company, creating value on behalf of our investors, employees, associates, our nation’s farmers and citizens.
Slide 10: PAN's Mission & Strategy
PAN’S MISSION & STRATEGY * PAN is in a unique position to realize the opportunity in Vietnam among farmers and their suppliers, food processor and families requiring safer, healthier, more reliable food for the vitality of life. * We strive to create value through integrating the value chain in sele
Slide 11: PAN's Objective
PAN’S OBJECTIVE Mirror the value chains and regional focus of CP FOODS & INDOFOOD CP Foods Indofood Country of Domicile Thailand Indonesia Company overview Charoen Pokphand Foods PT Indofood Sukses Makmur Tbk and its Public Company Limited subsidiaries manufacture instant produces a wide range of no
Slide 12: PAN's Core Values
PAN’S CORE VALUES * A world-class agriculture and food product company increases Vietnam’s and the region’s food security. * Agriculture - including aquaculture - lies at the core of our country’s economy, traditions and the rhythm of daily life. * Improving the quality of farming inputs improves fa
Slide 13: Our Approach
OUR APPROACH * Target SCALABLE sectors * Acquisition / control of companies in identified sectors, working as a platform for expansion * Adding values: Finance – Providing, allocating and managing capital, overseeing capital market relations, prudent and rigorous revenue and cost accounting Oper
Slide 14: Our Fundraisings and Acquisitions
OUR FUNDRAISINGS AND ACQUISITIONS 05/2015 Acquisition of 42.3% ownership of BBC 08/2015 07/2014 03/2014 Increase 12/2014 Increase the Round 2 Establishment ownership of the fundraising of Pan Food JSC LAF to 61.0% ownership ~US$31 and NSC to of ABT to million; 62.9% 62,5% Outstanding shares: 01/2015
Slide 15: Our Shareholders
OUR SHAREHOLDERS Our largest shareholders 15
Slide 16: PAN Structure 2015
PAN STRUCTURE 2015 THE PAN GROUP 62.86% 99.9% 100% NSC PAN Food PAN Services 61.4% 63.3% 42.3% 60.99% SSC ABT BBC LAF As at 31 August 2015
Slide 17: PAN Structure 2015
PAN STRUCTURE 2015 THE PAN GROUP PAN NSC PAN Food Services Farm SSC • Vietnam’s largest seed company supplying rice, corn, vegetables and flower seeds, 2015 consolidated revenue approximately US$60 million • Secure, high quality seed supply with the ambition of achieving a ‚National Seed‛ • NSC’s ex
Slide 18: PAN Structure 2015
PAN STRUCTURE 2015 THE PAN GROUP NSC PAN Food PAN Services ABT LAF BBC Food PAN Food’s vision: • An innovative and leading supplier and distributor of safe, high quality branded foods capturing Vietnam’s strengths and values, invigorating the lives of our consumers • Current product offerings: proce
Slide 19: Overview of NSC
OVERVIEW OF NSC Company Vietnam National Seed Corporation VND billion 2010 2011 2012 2013 2014 6m-2015 name: No.1 Luong Dinh Cua Street, Dong Da Charter capital 81.3 82.6 100.3 100.3 153.0 153.0 Head office: District, Hanoi Revenue 390.9 486.6 547.4 597.8 719.1 648.7 Website: http://www.vinaseed.com
Slide 20: Overview of ABT
OVERVIEW OF ABT VND billion 2010 2011 2012 2013 2014 6m-2015 Company Bentre Aquaproduct Import and Export JSC. Charter 136.1 136.1 136.1 141.1 141.1 141.1 name: capital Head office: Ben Tre Province Revenue 685.2 662.8 634.2 534.5 448.9 227.5 Website: http://aquatexbentre.com/ Gross profit 122.1 161
Slide 21: Overview of LAF
OVERVIEW OF LAF Company name: Long An Food Processing Export JSC. VND billion 2010 2011 2012 2013 2014 6m-2015 Head office: 81B National Road 62, Tan An City, Long An Province Charter capital 133.9 147.3 147.3 147.3 147.3 147.3 Website: http://www.lafooco.vn/ Revenue 912.7 906.5 905.9 537.6 691.4 34
Slide 22: Overview of BBC
OVERVIEW OF BBC VND billion 2010 2011 2012 2013 2014 6m-2015 Company name: Bibica Corporation 443 Ly Thuong Kiet Street, Ward 8, Tan Binh District, Charter capital 154.2 154.2 154.2 154.2 154.2 154.2 Head office: HCMC, Viet Nam Revenue 787.8 1000.3 929.7 1053.0 1126.7 425.6 Website: http://www.bibic
Slide 23: Overview of PAN Services
OVERVIEW OF PAN SERVICES Company Pan Services Company Limited VND billion 2010 2011 2012 2013 2014 6m-2015 name: Pan Pacific Building 236/43/2 Dien Bien Phu Revenue Head office: 190.7 227.0 267.7 307.7 339.8 185.1 st., Binh Thanh District, HCMC Gross profit 34.6 36.5 48.6 59.6 61.9 29.6 Website: htt
Slide 24: Awards
AWARDS Typical Acquisition Deal 2013-2014 Top 500 Typical Acquisition Deal 2014-2015 Leading enterprise with M&A strategies Fastest Growing Enterprises in 2014 Top 100 Forbes Asia’s Best Under Top 50 Famous Brands – Vietnam Gold Star Award A Billion - one of 200 Competitive Brands Award 2013 Asian m
Slide 25: Market Summary, PAN Overview, Financial Performance
Market Summary PAN Overview Financial Performance Our Future
Slide 26: Market Summary, PAN Overview, Financial Performance
Market Summary PAN Overview Financial Performance Our Future
Slide 27: Historical Business Performance
HISTORICAL BUSINESS PERFORMANCE Consolidated basis 2010A 2011A 2012A 2013A 2014A 6M 2015 CAGR Net sales 201,674 240,853 283,709 617,589 1,121,777 1,061,105 53.6% Total assets 297,077 293,244 369,299 1,068,718 2,253,204 3,631,639 66.0% Consolidated EBITDA 14,734 18,201 29,122 69,009 228,048 186,803 9
Slide 28: 2-Year Stock Chart
2-YEAR STOCK CHART Share price performance with pro-rata backward adjustment on right issuance on 20 August 2015
Slide 29: Market Summary, PAN Overview, Financial Performance
Market Summary PAN Overview Financial Performance Our Future
Slide 30: Sectors and Opportunities
SECTORS AND OPPORTUNITIES Aquatic Flowers Products Rice Fruit Rice Vegetables Product Cookies Cracker Nuts Cakes Candy
Slide 31: 2020 Objectives
2020 OBJECTIVES Revenue 30.000 (VND billion) FPT 25.000 Vinamilk Sacombank 20.000 Eximbank Phu Nhuan Jewelry Hoa Phat 15.000 Bao Viet Holding PetroVietnam Finance 10.000 Masan 5.000 Sacom 0 0 5 10 15 20 25 30 P/E Ratio
Slide 32: Annex (i): Board of Directors
Annex (i): Board of Directors Mr. NGUYEN DUY HUNG – Chairman. A nationally recorgnized business leader. Founder, Chairman and CEO of Saigon Securities Inc. (HOSE: SSI), Vietnam’s first privately licensed securities firm and a consistent leader in Vietnam’s securities and investment industry. Chairma
Slide 33: Annex (i): Board of Directors
Annex (i): Board of Directors Ms. NGUYEN TRA MY From 1995, CFO, Deputy General Director and currently Senior Advisor to Biomin Vietnam, a 100% foreign owned entity producing additives and premixes in animal feed. Founder, chairperson and CEO of CSC Vietnam Holdings since 2007, a produce feed additiv
Slide 34: Annex (i): Board of Directors
Annex (i): Board of Directors Mr. MICHAEL SNG Co-founder, CEO and Managing Partner of The Asian Entrepreneur Legacy (TAEL) Partners, the Investment Manager of the TAEL Funds, which acts as financial partner to entreprenuers in the Southeast Asia region. Michael co-founded TAEL Partners in 2007, brin
Slide 35: Annex (i): Board of Directors
Annex (i): Board of Directors Pro.Acad TRAN DINH LONG Chairman of the Vietnamese Seed Association (VSA); Vice Chairman of Scientific Council of the Vietnamese Academy of Agricultural Sciences (VAAS) as well as member of National Scientific Committee of GEF/SGP, Vietnam, UND, the S the Scientific Cou
Slide 36: Annex (i): Board of Managers
Annex (i): Board of Managers Mr. Nguyen Van Khai Acting Chief Excutive Officer. With his experience from personally overseeing the growth of PAN’s legacy business for over fifteen years, to 5000 employees across three divisions operating in 20+ provinces with 800 clients, Mr. Khai is critical in ins
Slide 37: Contact
Contact Mrs. Ngo Phuong Hanh hanhnp@thepangroup.vn (+84) 983 515 191
The PAN Group — Investor Presentation (September 2015) on 6ix