Thanapiriya Public Company Ltd · SET:TNP
Thanapiriya Public — Q1 2023 Earnings Presentation
23 slides from Thanapiriya Public's earnings presentation, Jun 15, 2023
Slide 1: Company Presentation
COMPANY PRESENTATION Thanapiriya Public Company Limited [15 June 2023]
Slide 2: Topics of Presentation
Topics of Presentation • Business Overview • Financial result • Investment Plan Strictly Private & Confidential 1
Slide 3: Business Overview
Business Overview Strictly Private & Confidential 2
Slide 4: History of Thanapiriya
History of Thanapiriya Thanapiriya was founded in 1965 under the name of “Ngow ThongChai”, old-style grocery store in Chiang Rai town. Sice 1991, the store has been developed under the name of “Thanapiriya Super”, currently known as clock tower branch. • Increase authorized • Listed in Thailand • Re
Slide 5: Distribution Channels
Distribution Channels 15,000 Sales Area M2 42 (Total 42 Stores : Approximately) Retail Stores 1 1 Wholesale Store Wholesale Center Order Received (Head Quarter) Strictly Private & Confidential 4
Slide 6: Distribution Channels: Retail
Distribution Channels : Retail Strictly Private & Confidential 5
Slide 7: Distribution Channels: Wholesale
Distribution Channels : Wholesale Strictly Private & Confidential 6
Slide 8: Branches Location
Branches Location Chiang Rai Chiang Mai Phayao 3 Branches are Branches are Branches are 13 located in Muang Chiang Rai District located in Chiang Mai District 6 located in Phayao District 1 additional store 20 Branches are located in Rural Area In 2022 3 additional store In 2022 Strictly Private & C
Slide 9: >400 Suppliers: Product and Promotion
Product and Promotion Household Product Beverage and grocery Dish Soap | Detergent / Pods | Paper Soft drinks | Energy drinks | Juices | Milk | Towels | Sponges | Wipes | Plastic Wrap | Mineral Water | Coffee | Tea | Snacks | Aluminum Foil | Trash Bags Flour | Sugar | Canned Goods | Oil Personal Car
Slide 10: Product and Promotion
Product and Promotion Special Promotion Seasonal & Festival Product >160,000 Members Point Collection & Special Discount Membership & Benefit Additional Service Strictly Private & Confidential 9
Slide 11: Distribution Center and Transportation
Distribution Center and Transportation Approximate Storing Area Estimated Maximum Capacity Transportation Fleet 12,800 SQM >50 Branches >40 Trucks Strictly Private & Confidential 10
Slide 12: Financial Result
Financial Result Strictly Private & Confidential 11
Slide 13: Operating performance
Operating performance Total Revenues Unit : Million Baht 2,638 2,449 2,208 1,965 1,739 625 2018 2019 2020 2021 2022 Q1'23 Revenue Structure 0.6% 0.6% 4.5% 0.6% 7.4% 0.6% 6.4% 0.6% 3.8% 0.6% 4.5% 11.4% 88.0% 92.0% 93.1% 95.6% 94.9% 94.9% Branches Wholesale from HQ Other Income Strictly Private & Conf
Slide 14: Operating performance (cont.)
Operating performance (cont.) Revenue From Sales (Unit : Million Baht) 2,623 2,433 2,196 1,953 100 111 1,729 140 145 203 2,523 752 690 621 645 622 2,323 605 576 588 579 2,056 1,808 1,526 28 23 24 25 26 23 26 36 28 723 581 552 667 562 556 595 610 593 2018 2019 2020 2021 2022 Q1'21 Q2'21 Q3'21 Q4'21 Q
Slide 15: Operating performance (cont.)
Operating performance (cont.) SSS Growth Number of bills/Month/Branch Ticket size SSS Growth 25.3% 9.1% 8.2% 2.0% 2.6% 3.5% -1.8% 0.5% -1.8% -0.7% -14.9% -12.3% -14.2% -27.7% 2018 2019 2020 2021 2022 Q1'21 Q2'21 Q3'21 Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Growth ratio of revenues from sales Incresed f
Slide 16: Operating performance (cont.)
Operating performance (cont.) Gross Profit Unit : Million Baht Gross profit 16.3% 17.1% 17.2% 17.0% 17.0% GP Margin% 14.2% 15.0% 450 417 359 245 293 100 106 2018 2019 2020 2021 2022 Q1'22 Q1'23 Distribution costs and administrative expenses Unit : Million Baht Distribution costs 10.3% 10.2% 10.1% 10
Slide 17: Operating performance (cont.)
Operating performance (cont.) EBITDA Unit : Million Baht EBITDA 10.9% 9.5% 9.7% 9.6% 9.3% EBITDA % 7.3% 6.4% 286 237 208 143 111 57 58 2018 2019 2020 2021 2022 Q1'22 Q1'23 Net Profit Unit : Million Baht Net Profit 7.3% 6.1% 6.1% 6.0% 5.8% Net Profit Margin 4.5% 192 3.8% 149 134 89 65 36 36 2018 2019
Slide 18: Financial Position
Financial Position Total Assets Unit : Million Baht 1,310 Cash and cash equivalents 1,250 1,189 Inventories - net 1,032 65 71 Other current financial assets 869 829 141 Property, plant and equipment 101 364 410 295 63 78 261 Right-of-use assets 248 249 Other assets 652 726 732 578 477 507 - 69 73 66
Slide 19: Key Financial Ratio
Key Financial Ratio Annualized : ROA Annualized : ROE 22.6% 17.3% 17.9% 15.7% 15.2% 14.1% 12.2% 13.1% 11.6% 10.4% 10.4% 7.9% 2018 2019 2020 2021 2022 Q1'23 2018 2019 2020 2021 2022 Q1'23 D/E Cash cycle days 0.3 0.3 0.3 0.3 42 0.3 36 28 28 28 0.2 25 2018 2019 2020 2021 2022 Q1'23 2018 2019 2020 2021
Slide 20: Dividend
Dividend Dividend 43.0% 45.1% 42.9% 41.8% 41.6% 80 64 56 40 28 2018 2019 2020 2021 2022 Amount (Million Baht) Dividend Payout ratio (%) On April 22, 2023, the Annual General Meeting of Shareholders for the year 2023 resolved to pay a dividend from its operating result for the year ended December 31,
Slide 21: Investment Plan
Investment Plan Strictly Private & Confidential 20
Slide 22: Investment 2023
Investment 2023 Q1 Q2 Q3 Q4 2023 43rd branch located in Thaton Mae -Ai, Chiang mai province Strictly Private & Confidential 21
Slide 23: Q&A
Q&A Thanapiriya Public Company Limited Head-Office : 329 Moo.8 Ban-Du Sub District, Muang Chiengrai District, Chiengrai Province 57100 Tel. 0-5377-6144 Investor Relation Mr.Pittaya Jitmase Email: investor@Thanapiriya.co.th Strictly Private & Confidential 22
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