Slide 1: Opportunity Day Q2/2024
OPPORTUNITY DAY Q2/2024
Slide 2: Agenda
1 1H24 Executive Summary Business Overview AGENDA 2 1H24 Financial Highlights Results & Explanation s 3 2H24 Business Outlook Business Direction 4 Q&A Question & Answer 2
Slide 3: 1H24 Executive Summary
01 1H24 Executive Summary Business Overview
Slide 4: Who We Are / Where Our Footprints Are
1H24 Executive Summary Who We Are Founded in Thailand in 1996. • More than 400 personnel • Operations on all continents • Work globally with some of the world’s largest companies Where Our Footprints Are: We use special technology to inspect pipelines and deliver precision data with a focus on: • As
Slide 5: 1H24 Performance Highlights
1H24 Performance Highlights DEXON GROUP DEXON THAILAND Highest Revenue in 1H24. Best & Outstanding Innovative Outstanding performance in Q2 and Company Award from Intelligent profit surge. Crack Sizing In-Line Inspection Secure 1st project in the Middle East. System by SET. DEXON SINGAPORE 79% Reven
Slide 6: 1H24 Performance Highlights
1H24 Performance Highlights DEXON AMERICA Start generating substantial revenue in 2Q24. DEXON NETHERLANDS DEXON GERMANY 262% revenue growth in the Establish DEXON Germany in Netherlands. 1Q24. Expect to start generating substantial revenue in 4Q24.
Slide 7: 1H24 Financial Highlights
02 1H24 Financial Highlights Results & Explanation 7
Slide 8: Quarterly Revenue from 2019 – 1H24
Quarterly Revenue from 2019 – 1H24 Seasonal Revenue Trend • First half revenue surge 24.1% 259 growth, 66 MB reaching 337 MB YoY. 194 2024 143 • Revenue is cyclical and seasonal due 211 2023 117 to the nature of the inspection 145 126 135 service. 2022 158 105 125 138 • Outstanding income due mainly
Slide 9: 2Q2024 Revenue & Net Profit Comparison
2Q2024 Revenue & Net Profit Comparison Revenue 2021-2024 (QoQ) Net Profit 2021-2024 (QoQ) 250 90.3% 100% 50 400% 80% 38 194 40 307.7% 200 300% 157 60% 30 22 199.0% 200% Growth(%) 150 126 40% 20 Growth(%) 54.1% MB MB 20% 10 100% 100 82 0 0.0% 0% 0% 50 Q2-21 Q2-22 Q2-23 Q2-24 0.0% -20% -10 -19.6% -100
Slide 10: 1H2024 Revenue Breakdown
1H2024 Revenue Breakdown 1. Revenues 1H2024 (Consolidated) 2. Revenue Mix by Type of Services 1H2024 VS 1H2023 Change YoY 1H2024 1H2023 336 Revenue 24.0% AI 3% DMS DMS 11% Training AI 2% Net Profit 112.7% 3% NDT 271 2% Training R&D NDT 49% Total revenues 7% 2% Net profit 39% R&D MB 336 MB 9% 271 MB
Slide 11: 1H2024 Revenue Breakdown by Entity
1H2024 Revenue Breakdown REVENUE BY ENTITY DEXUS DEXGE DEXNL 4% 0% DMS 5% 4% • The revenue contribution from DTC subsidiaries remained similar YoY except 2% for US which has been growing strong in DEXSG 10% 2024. • Increase in international market revenue was primarily due to an increase in ILI serv
Slide 12: Cash Flow Statement as of 30 June 2024
Cash Flow Statement as of 30 June 2024 200 149 151 150 107 100 50 0 Beginning Cash Operating Investing Financing Ending Cash Activities Activities Activities -32 -50 -78 -100
Slide 13: Financial Ratio
Financial Ratio Current 3.4x 3.3x 3.3x Ratio 1.1x 0.9x 0.9x 0.9x (หน่วย: x) 2019 2020 2021 2022 2023 H1/24 Q2/24 17.5% 8.2% ROA 1.9% 3.3% 6.0% 1.5% 2.1% (หน่วย: %) 2019 2020 2021 2022 2023 H1/24 Q2/24 44.2% 21.7% ROE 6.5% 9.6% 8.9% 1.8% 2.5% (หน่วย %) 2019 2020 2021 2022 2023 H1/24 Q2/24 0.22 EPS* 0
Slide 14: 2H24 Business Outlook
03 2H24 Business Outlook Business Expansion Highlights 14
Slide 15: FY2024 Business Plan and Strategy
FY2024 Business plan and Strategy I II III IV Revenue % GROSS % SG&A to CAPEX Growth PROFIT MARGIN Sales 9% 35-40% 14-19% 85 MB
Slide 16: 2024 Dexon Group Revenue Target
2024 DEXON GROUP REVENUE TARGET 12% 800 704 High Potential Revenue 700 600 88% 12% of revenue Asia North America 500 400 67% 14% 300 Middle East Europe 13% 6% 200 100 0 2024 Target Backlog Potential Additional Income needed 21% of 2024 Revenue Target 16
Slide 17: 2024 Domestic Revenue Target
2024 DOMESTIC REVENUE TARGET 350 Domestic Target Backlog 380 MB 300 14% 380 MB 73% 250 73% Potential 200 33% 27% 27% 74% 150 3% 100 32% In-Line Inspection 55% NDT & Advance NDT 50 65% 12% 12% Maintenance, Fabrication 0 Domestic Revenue Backlog Potential and Training 17
Slide 18: 2024 International Revenue Target
2024 INTERNATIONAL REVENUE TARGET International Target Backlog 325 MB 350 98% 2% 325 MB 98% 300 Potential 250 2% 200 Keynote 150 • Almost 100% of International Revenue comes from pipeline inspection 100 • 25% of the total backlog is from the World’s largest Oil and Gas Company in 50 North America 0
Slide 19: SET Carbon Sandbox
SET Carbon Sandbox โครงการทดสอบระบบการจัดการข้อมูล คาร์บอนสําหรับธุรกิจ DEXON Technology Plc has been selected as one of the first 20 companies to join the pilot project to develop the carbon emission management system SET Carbon Sandbox of SET. The project aims to improve the company's energy, reso
Slide 20: Q&A
Q&A