Thanapiriya Public Company Ltd · SET:TNP
Thanapiriya Public — 9M 2023 Earnings Presentation
24 slides from Thanapiriya Public's earnings presentation, Dec 15, 2023
Slide 1: Company Presentation
COMPANY PRESENTATION Thanapiriya Public Company Limited [15 December 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 3 Provinces Order Received 43 Retail Stores Wholesale Center 1 Wholesales Stores Online Marketplace (Head Quarter) Branches Distribution Center Online Sales Area 15,600 M 2 High Growth Potential Total of 44 Stores Authorized Distributor 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 4 Branches are Branches are Branches are 14 located in Muang Chiang Rai District located in Chiang Mai District 6 located in Phayao District 1 additional store 1 additional store 20 Branches are In 9M/2023 In 2022 located in Rural Area 1 additional stor
Slide 9: >400 Suppliers
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 1,929 1,739 2018 2019 2020 2021 2022 9M'23 Revenue Structure 0.6% 11.4% 7.4% 0.6% 6.4% 0.6% 3.8% 0.6% 4.5% 0.6% 4.7% 0.7% 88.0% 92.0% 93.1% 95.6% 94.9% 94.7% Branches Wholesale from HQ Other Income Strictly Private & Co
Slide 14: Operating performance (cont.)
Operating performance (cont.) Revenue From Sales (Unit : Million Baht) 2,623 2,433 2,196 1,953 100 1,729 111 140 145 203 2,523 752 651 2,323 690 621 645 622 644 2,056 605 576 588 579 1,808 1,526 28 23 24 25 26 23 26 36 28 31 30 723 581 552 667 562 556 595 610 593 612 621 2018 2019 2020 2021 2022 Q1'
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% 1.9% -1.8% 0.5% -1.8% -0.7% -2.4% -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 Q2'23 Q3'23 Growth ratio of revenue
Slide 16: Operating performance (cont.)
Operating performance (cont.) Gross Profit Unit : Million Baht Gross profit 16.3% 17.1% 17.2% 16.9% 16.3% 17.1% 16.7% 14.2% 15.0% GP Margin% 450 417 359 306 321 245 293 105 106 2018 2019 2020 2021 2022 Q3'22 Q3'23 9M'22 9M'23 Distribution costs and administrative expenses Unit : Million Baht Distrib
Slide 17: Operating performance (cont.)
Operating performance (cont.) EBITDA Unit : Million Baht EBITDA 10.9% 9.5% 9.7% 9.5% 9.5% EBITDA % 9.1% 8.5% 7.3% 286 6.4% 237 208 172 175 143 111 59 56 2018 2019 2020 2021 2022 Q3'22 Q3'23 9M'22 9M'23 Net Profit Unit : Million Baht Net Profit 7.3% 6.1% 6.1% 5.9% 6.0% Net Profit Margin 5.6% 5.2% 4.5
Slide 18: Financial Position
Financial Position Total Assets Unit : Million Baht 1,320 Cash and cash equivalents 1,250 1,189 Inventories - net 1,032 65 69 Other current financial assets 869 829 141 396 Property, plant and equipment 101 364 295 63 78 261 Right-of-use assets 248 249 Other assets 652 726 755 578 477 507 - 69 73 66
Slide 19: Key Financial Ratio
Key Financial Ratio Annualized : ROA Annualized : ROE 22.6% 17.3% 17.9% 15.7% 15.1% 14.1% 12.2% 13.1% 11.6% 10.4% 10.4% 7.9% 2018 2019 2020 2021 2022 Q3/23 2018 2019 2020 2021 2022 Q3/23 D/E Cash cycle days 0.3 0.3 0.3 0.3 0.3 36 38 28 28 28 0.2 25 2018 2019 2020 2021 2022 Q3/23 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 (%) Interim Dividend Payment on September 6, 2023 from operating performance for the period from January 1, 2023 to June 30, 2023, amounting to Baht 32 million to share
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 44th branch located in Mueang 2 branches will open in Mae -Ai, Chiang mai province Chiang rai, Chiang rai province Chiang- rai province Strictly Private & Confidential 21
Slide 23: Investment & Business Activities in 2024
Investment & Business Activities in 2024 6 Additional Branches Warehouse Expansion 120 Million Baht 30 Million Baht Solar Cell Authorized Distributor Sustainability & Future Trend Electricity Cost Saving Additional Sales Channel Branch Renovation & Improvement Service Development Better Shopping Exp
Slide 24: 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 23
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