Synergetic Auto Performance Public Co. Ltd. · SET:ASAP
Synergetic Auto Performance Public — Q3 2020 Earnings Presentation
10 slides from Synergetic Auto Performance Public's earnings presentation, Jan 12, 2021
Slide 1: Strictly Private & Confidential
Strictly Private & Confidential
Slide 2: Key Updates: YTD 3Q20
Key Updates: YTD 3Q20 1. Reaching target 20,000 fleets Other Developments With a net marginal decrease of only 90 or -0.5% of total portfolio, Portfolio Expansion: Expanding portfolio to serve increasing demand in all segments total fleet stood at 19,106 which led ASAP to be one of the largest fleet
Slide 3: Revenue by Business Segments
Revenue by Business Segments YTD 3Q20 Total Revenue : THB 2,563 mn Car Rental (THB 2,032 mn) Used Car Sales (THB 462 mn) Other Revenue (THB 69 mn) 18% 3% 79% • Revenue from property rental • Revenue from insurance Auction House Car combine Online Sales • Commission Long-term Short-term asap Auto Par
Slide 4: asap's Portfolio – Car Rental Business
asap’s Portfoilio – Car Rental Business Portfolio by type of cars Revenue by type of Customers for YTD 3Q20 Corporate – LT 84% 11,722 13,314 14,942 17,142 17,757 18,258 18,663 19,196 19,060 19,367 19,106 Corporate – Chauffer 1% 9% 8% 8% 8% 8% 7% 7% 7% 7% 7% 7% Government 11% THB 2,032 mn 34% 36% 37%
Slide 5: Financial Performance
Financial Performance YTD 3Q19 YTD 3Q20 % YoY Income Statement (THE mn) % of sales (THB mn) % of sales Revenue from sales and services 2,283 100.0% 2,504 100.0% +9.7% Revenue from car rental 2,007 87.9% 2,032 81.2% 41.2% Revenue from used cars 271 11.9% 462 18.5% +70.5% Revenue from property rental
Slide 6: Car Rental Business
Car Rental Business Car rental revenue was THB 2,032 mn in YTD 3Q20 +1% YoY 800 100% and with 95% contribution from long-term car rental 700 Revenue (THB mn) 71.5% 71.1% 69.9% 70.7% 70.7% 70.6% 71.0% 70.6% 68.9% 68.3% 600 75% • Revenue from long-term car rental was at THB 1,928 mn +3% EBITDA Margin
Slide 7: Used Car Sales Business
Used Car Sales Business 230 20% Gross Profit Margin Used cars sales revenue was THB 462 mn in YTD 190 15% Revenue (THB mn) 3Q20 +71% YoY 12.8% 150 10.6% 10% 9.3% Margin (%) • Number of used cars sold in YTD 3Q20 were 110 6.5% 5.0% 5% 214 through auction at 24% while online and direct 2.4% 70 150 145
Slide 8: Statement of Financial Position
Statement of Financial Position (unit THB mn) 31 Dec 2019 % of 30 Sep 2020 % of total assets total assets % change Cash & cash equivalents 10 0.1% 56 0.4% 460.0% Accounts receivables 274 2.1% 319 2.6% 16.4% Cars 11,771 89.7% 11,050 88.4% -6.1% Other PPE 54 0.4% 49 0.4% -9.3% Other assets 1,013 7.7%
Slide 9: Income Statement
Income Statement (unit THB mn) YTD 3Q19 % of YTD 3Q20 % of % change revenue revenue YoY Revenue 2,283 100.0% 2,504 100.0% 9.7% Cost of sale and services (1,861) (81.5%) (2,202) (87.9%) 18.3% Gross Profit 422 18.5% 302 12.1% -28.4% Selling Expense (26) (1.1%) (22) (0.9%) -15.4% Administrative Expense
Slide 10: Statement of Cash Flow
Statement of Cash Flow (unit THB mn) YTD 3Q19 YTD 3Q20 % change Earnings before income tax 7 (60) -957.1% Adjustment for depreciation and amortization 1,091 1,177 7.9% Other adjustment 314 278 -11.5% Change in operating assets and liabilities (62) 508 -919.4% Cash flows from operating activities 1,3
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