Forth Corp. Public Co. Ltd. · SET:FORTH
Forth Corp. Public — Forth Corporation Public Company — Q2 2024 Earnings Presentation
30 slides from Forth Corp. Public's earnings presentation, Sep 4, 2024
Slide 1: 2Q2024 Opportunity Day
2Q2024 OPPORTUNITY DAY FORTH CORPORATION PUBLIC COMPANY LIMITED September 4, 2024
Slide 2: Agenda
Agenda 01 Business Overview 02 Financial Performance 03 Business Outlook Forth | 2Q24 Results | 4 September 2024 2
Slide 3: FORTH Overview
FORTH Overview As of 31 June 2024 Forth | 2Q24 Results | 4 September 2024 3
Slide 4: 3 Key Business Groups
3 Key Business Groups 01 EMS Business Manufacturing and distribution of electronic parts and solutions under trademark of Forth and customer brand, serving both local and global markets 02 Enterprise Solutions Business Design, implement and manage complex solutions which enhance the performance and
Slide 5: Agenda
Agenda 01 Business Overview 02 Financial Performance 03 Business Outlook Forth | 2Q24 Results | 4 September 2024 5
Slide 6: Financial Performance: Core Revenue
Financial Performance Unit: Million Baht Core Revenue Core Revenue Contribution Overall Operating Performance of FORTH 2Q2024 Total Core Revenue was Bt 2,484 mn, decreasing 8% YoY, mainly due to a decrease in revenue from the EMS Business Group. Increasing 24% QoQ, mainly from an increase in Enterpr
Slide 7: Financial Performance: Gross Profit & Margin
Financial Performance Unit: Million Baht Gross Profit & Gross Profit Margin Gross Profit Margin by Business Group Gross Profit Margin 2Q2024 Gross profit margin (GPM) was 20%, decreasing 4% YoY, mainly due to a decreasing in GPM of Enterprise Solutions business groups. Forth | 2Q24 Results | 4 September
Slide 8: Financial Performance: Net Profit & Margin
Financial Performance Unit: Million Baht Net Profit & Net Profit Margin Net Profit 2Q2024 Net profit, decreasing 48.5% YoY, due to a decrease in Gross profit from EMS Business and Enterprise Solutions Business. While increasing 25.0% QoQ, due to an increase in Gross profit from EMS Business. Forth | 2Q24
Slide 9: Financial Performance: Total Assets & Capital Structure
Financial Performance Unit: Million Baht Total Assets Capital Structure Total Assets were Bt 11,461 mn, increasing 3% from Y2023. There was no significant change. Total Liabilities were Bt 8,151 mn, increasing 4% from Y2023. There was no significant change. Equity was Bt 3,310 mn, increasing 1% from Y
Slide 10: Agenda
Agenda 01 Business Overview 02 Financial Performance 03 Business Outlook Forth | 2Q24 Results | 4 September 2024 10
Slide 11: EMS Business: Factory capacity expansion
Business Outlook - EMS Business Factory capacity expansion High capability and reliability. Adaptive technology. Advance machines and test equipments Factory 1 Factory 2 & TAOBIN Manufacturing & Distribution Center Forth | 2Q24 Results | 4 September 2024 11
Slide 12: Implemented renewable energy project
Business Outlook - EMS Business Implemented renewable energy project Our manufacturing facilities are equipped with solar rooftops, reflecting our strong commitment to sustainability and renewable energy. This forward-thinking initiative not only advances our environmental goals by reducing our carbo
Slide 13: PCBA and Box-Build
• Telecommunication device PCBA and Box-Build • Medical device • Consumer products • GINKA Charger device • TAOBIN Machine • Automotive device • Others 13
Slide 14: Phase 2 Factory Expansion
Business Outlook - EMS Business Phase 2 Factory Expansion Forth | 2Q24 Results | 4 September 2024 14
Slide 15: Government Project Backlog Highlights
As of 31 June 2024 Business Outlook - Enterprise Solutions Business Government Project Backlog Highlights Institute Backlog Value Unit: Million Baht Electric Authorities 483 (หนวยงานการไฟฟา) Ministry of Justice 365 (กระทรวงยุติธรรม) Ministry of Agriculture and Cooperatives 1,106 (กรมฝนหลวงและการบิ
Slide 16: Procurement Projects Plan in 2024-2025
As of 31 June 2024 Business Outlook - Enterprise Solutions Business Procurement Projects Plan in 2024 -2025 Institute Project Value Unit: Million Baht Electricity Authority 6 9,380 (หนวยงานการไฟฟา) Ministry of Higher Education, and Ministry of Interior 3 2,662 (หนวยงานสังกัดกระทรวงมหาดไทยและกระทร
Slide 17: Aviation Sector
Business Outlook - Enterprise Solutions Business Aviation Sector Honda Jet Kodiak Cirrus L410NG Authorized Distributor in CLMV Authorized Distributor in CLMV For Royal Thai Army (RTA) For Department of Royal Rainmaking and Agricultural Aviation (DRRAA) Regional demand for Honda Jet is on Multiple po
Slide 18: Forth MRO Service
Business Outlook - Enterprise Solutions Business Forth MRO Service Maintenance Repair and Operations Service for commercial aircraft locate at Don Muang International Airport. After a lengthy approval process, the project’s demolition phase is set to begin in October 2024. With the timeline significa
Slide 19: Microfinance Loan product
Business Outlook - Smart Services Business Microfinance Loan product Aim to expand the loan portfolio to 80-100% this year Forth | 2Q24 Results | 4 September 2024 19
Slide 20: GINKA EV Updates
Business Outlook - Smart Services Business GINKA EV Updates Simple and intuitive operation No. of GINKA Charge Point Aims to 1,000 Charge Points in 2 years PARK Responsive website to locate GINKA EV PLUG AC charging (7.2, 22 kW) DC charging (40kW) Smart cabling management system SMS alerts PAY GINKA
Slide 21: GINKA EV Station with TAOBIN Café
Business Outlook - Smart Services Business Park GINKA EV Station with TAOBIN Café 1 GINKA : 2 EV Cars Plug AC/DC Charger with LCD touch screen Smart cabling management system Pay Easy payments through QR PromptPay, E-wallet, or GINKA Credit RFID payment systems Streamlined - Self-Service (No Barista
Slide 22: TAO BIN Performance and Expansion Plan This Year
Business Outlook - Smart Services Business TAO BIN Performance and Expansion Plan This Year 7,500 - 8,000 machines 6,596 Machines @2Q2024 6,392 machines 4,942 machines 546 machines Total Cup 2 Million 46 Million 76 Million 70-80 Million Sold Number of 546 4,942 6,392 7,500 – 8,000 Machine Year Y2021
Slide 23: Increasing machine efficiency
Business Outlook - Smart Services Business Increasing machine efficiency Forth | 2Q24 Results | 4 September 2024 23
Slide 24: TAO BIN Near-term Forecast
Business Outlook - Smart Services Business TAO BIN Near-term Forecast Forth | 2Q24 Results | 4 September 2024 24
Slide 25: TAO BIN STATION total machines online
Business Outlook - Smart Services Business TAO BIN STATION 16 total machines online ● Current stock: 409 machines (+30 expected in September) ● Support for location scouting: Assisting TAO BIN machines in entering locations that demand more than just drink solutions. 25
Slide 26: TAO BIN Café @ BTS Sanampao
Business Outlook - Smart Services Business TAO BIN Café @ BTS Sanampao 26
Slide 27: TAO BIN International
Business Outlook - Smart Services Business TAO BIN International Average Sales per Vending Machine / Day Australia Singapore Malaysia AVG 3,022 AVG 2,465 AVG 1,162 THB / VM / day THB / VM / day THB / VM / day 56 Machines 39 Machines 149 Machines Forth | 2Q24 Results | 4 September 2024 27
Slide 28: TAO BIN International: Machines Export Forecast
Business Outlook - Smart Services Business TAO BIN International Machines Export Forecast exported by Q4 2024 Hong Kong - 46 Dubai 50 Malaysia 185 75 Singapore 51 Australia 82 66 Total 368 187 28
Slide 29: Q&A
Q&A
Slide 30: Investor Relations
Investor Investor Relations Relations www.investor.forth.co.th www.investor.forth.co.th Telephone: Telephone: 02-265-6700 ext. 1224 1224 DISCLAIMER Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise re
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