Siam Global House Public Co., Ltd. · SET:GLOBAL
Siam Global House Public — Q2 2013 Earnings Presentation
16 slides from Siam Global House Public's earnings presentation, Aug 14, 2013
Slide 1: Analyst conference Q2/2013
All Inclusive For Your House Analyst conference Q2/2013 August 14, 2013 1
Slide 2: Financial updates, Business updates
• Financial updates • Business updates 2 2
Slide 3: Total revenue increased 43% y-o-y
Total revenue increased 43% y-o-y Revenue from sales Other incomes Gross margin MB MB 4,000 3,751 18.0% 8,000 7,473 18.0% 3,722 110 102 212 3,038 2,835 6,000 3,000 2,681 94 2,544 5,225 95 16.0% 83 15.5% 16.0% 127 44 15.2% 15.4% 15.3% 15.0% 15.1% 15.0% 2,000 4,000 14.7% 3,612 3,649 7,261 2,598 2,740
Slide 4: % of SG&A on total revenue increased to 8.7%
% of SG&A on total revenue increased to 8.7% mainly from new stores opening SG&A % of SG&A on total revenue MB MB 400 9.3% 9.4% 10.0% 800 10.0% 9.1% 8.4% 8.7% 7.9% 8.4% 7.7% 300 7.5% 600 7.5% 200 5.0% 400 5.0% 354 648.5 282 295 243 238 200 439 2.5% 100 195 2.5% 0 0.0% 0 0.0% Q1/12 Q2/12 Q3/12 Q4/12
Slide 5: EBITDA increased 45% y-o-y
EBITDA increased 45% y-o-y EBITDA EBITDA margin MB MB 600 16.0% 1,000 16.0% 12.4% 11.4% 11.7% 10.9% 800 11.5% 11.3% 12.0% 11.3% 12.0% 10.6% 400 600 8.0% 8.0% 858 461 400 200 397 332 333 592 287 305 4.0% 4.0% 200 0 0.0% 0 0.0% Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 H1/12 H1/13 5
Slide 6: Profit for the period increased 79% y-o-y
Profit for the period increased 79% y-o-y Profit for the period Profit margin MB MB 400 10.0% 600 10.0% 7.9% 7.5% 7.0% 7.5% 6.1% 400 5.6% 5.6% 5.4% 5.4% 5.5% 200 5.0% 5.0% 524 295 200 229 2.5% 293 2.5% 144 156 171 138 0 0.0% 0 0.0% Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 H1/12 H1/13 Note: restated state
Slide 7: Net debt/EBITDA
Net debt/EBITDA Net debt MB Net debt/EBITDA (Trailing twelve months for H1/13) x 4,000 3.0 2.7 2.4 2.1 3,000 2.0 2,000 1.2 1.0 2,460 1,000 1,930 1,794 0.1 1,296 142 0 0.0 2009 2010 2011 2012 H1/13 7
Slide 8: Interest coverage and net gearing ratio
Interest coverage and net gearing ratio Interest coverage (EBITDA/Interest expense Net gearing (Net debt/Equity) X 75 65.0 60 45 30 21.3 13.4 15 7.5 7.1 6.5 0.0 0.1 0.2 0.6 0.7 0.8 0 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 Q2/13 8
Slide 9: Solid financial position
Solid financial position Paid all of interest bearing debt (Interest = MLR – 1 to 1.5%) 3,136 MB 23/07/2013 (Capital increase) TRIS RATING ASSIGNS COMPANY RATING OF “GLOBAL” AT "A-" WITH "STABLE" OUTLOOK 6 Nov, 2012 Nov, 2012 16 Nov, 2012 17 May, 2013 1,052 MB 552 MB EBITDA (Warrant conversion) (War
Slide 10: Business updates
• Financial updates • Business updates 10
Slide 11: Store grand opening dates
Store grand opening dates 2006 2007 2008 2009 2010 2011 2012 Q2/2013 Sales area 86,125 110,607 160,342 182,477 248,487 304,661 481,556 601,910 (sq.m.) 11
Slide 12: Network in Thailand
Network in Thailand 32 Chiang Rai # of store Mae Hong 20 Son Phayao 11 13 Chiangmai Nan 5 7 8 4 Lampang Bueng Kan Phrae Nong Khai Lamphun Uttaradit Loei Udon Sakon Nong Thani Nakhon Nakhon Bua Lam Phu Phanom Tak Sukhothai Phitsanulok Khon Kaen Kalasin Chumphon Mukdahan Phichit Phetcha Kamphaeng bun
Slide 13: Expansion in 2013
Expansion in 2013 Chiang Rai Mae Hong Opened in 2013 Plan to be opened in 2013 Son Phayao Chiangmai Nan • Execute a focused Lampang Phrae Bueng Kan store roll-out strategy Nong Khai Lamphun Uttaradit prioritizing Northeast Loei Nong Udon Thani Sakon Nakhon Nakhon fortification Bua Lam Phu Phanom Tak
Slide 14: Distribution center
Distribution center Pre-Section Design DC Global House Layout Design (1st Draft) 14
Slide 15: Outlook
Outlook • Growth from shift in consumer behavior • Softer demand in Q3 from seasonal effect • New store opening of 12 – 15 branches per year • Solid financial position to support new store expansion • Margin improvement from house brands, sourcing and economy of scale 15
Slide 16: Thank you
Thank you 16 16 16
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