East Coast Furnitech Public Co., Ltd. · SET:ECF
East Coast Furnitech Public — Q1 2020 Earnings Presentation
29 slides from East Coast Furnitech Public's earnings presentation, June 2020
Slide 1: East Coast Furnitech Public Company Limited
EAST COAST FURNITECH PUBLIC COMPANY LIMITED
Slide 2: Opportunity Day June 2020
Opportunity Day ECF East Coast Furnitech Public Company Limited June 2020
Slide 3: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 3
Slide 4: ECF Stock and Performance Overview
Company Overview ECF Stock and Performance Overview Listed Market For Alternative Investment (mai) Registered Capital Baht 312.46 million or USD 9.85 million Paid Up Capital Baht 239.87 million or USD 7.56 million with a par value of Baht 0.25 1st Trading Day 26 March 2013 CGR 2019 Market Cap. (as o
Slide 5: Company Overview (cont.)
Company Overview (cont.) Main Customers: Oversea 63% verview Domestic 37% The main business of ECF is furniture manufacturer, wholesaler and also distributor both domestic and international in all kinds of furniture and related materials. Furniture Products: • Particle Board • Rubber Wood Other Busi
Slide 6: ECF Milestone
Company Overview (cont.) ECF Milestone 2017 - Established ECF Power Co.,Ltd. as the 2020 1992 Start taking the Established subsidiary fully-year profit the first and started from solar power company of energy plant business in East Coast 1998 2013 business Myanmar of the Group for Started ECF has be
Slide 7: Business Structure
Business Structure • VV-Décor: VV Décor Co.,Ltd. The distributor of foil paper • ECFH: ECF Holdings Co.,Ltd. Investor for other businesses 99.95% 75.00% 99.99% 57.00% • ECF-P: ECF Power Co.,Ltd. Trading Company ECFH Investor for renewable energy business • PNB: Planet Board Co.,Ltd. Seeking for the
Slide 8: Solar Power Plant Minbu Project
Company Overview (cont.) Minbu Project Solar Power Plant • Project : Solar Power Plant 220 MW • Company : Green Earth Power (Thailand) Co.,Ltd. • Location : Magway Region, Myanmar • Invested by : ECF Power (as ECF’s subsidiary) at 20% of total shares • COD : 27 September 2019 (First 50MW), totaling
Slide 9: Minbu Project Overview
Company Overview (cont.) • Project Overview Project Name 220MW DC Minbu Solar Power Project (170 MW AC) Location Minbu District, Magway Region, Myanmar Capacity 220 MW DC (Phase I – III: 50 MW DC each, Phase IV: 70 MW DC ) Construction 48 months with target completion date of November 2021, for 4 Ti
Slide 10: Minbu Solar Power Plant Phase 1 (50 MWDC)
Company Overview (cont.) 220 MWDC Minbu Solar Power Plant Phase 1 (50MWDC)
Slide 11: 230kV Substation of Minbu Solar Power Plant
Company Overview (cont.) 230kV Substation of Minbu Solar Power Plant
Slide 12: 230kV Substation of Minbu Solar Power Plant
Company Overview (cont.) 230kV Substation of Minbu Solar Power Plant
Slide 13: Existing Shareholders: Minbu Project
Company Overview (cont.) Existing Shareholders : Minbu Project Mr. Aung Mr. Supasit (Sean) 50% 50% Sponsors 100% Planet Energy (SG) 100% 6.72% META Corporate East Coast Furnitech Scan Inter ECF Power Shareholder Level Noble Noble Planet (SG) Planet (SG) META (TH) (TH) Scan Inter PCL QTC Global Power
Slide 14: Plant Performance
Plant Performance Company Overview (cont.) Schedule 3 Plant Performance Net Estimated Estimated Expected % of Expected Date Revenue Month Production Revenue (Before Revenue Production Energy Export Received (MWh) CT) USD (Net of CT) USD (MWh) Accumulated Export September 747 792 94% 95,283 90,746 20
Slide 15: Construction Timeline
Company Overview (cont.) Construction Timeline July 2020 June 2020 NTP Phase NTP Phase 2 3&4 27th May 2021 November September COD Phase 2 2021 2019 COD Phase COD Phase 1 3&4 • Construction of Phase 2 is expected to start in June 2020 and expected to COD by April 2021 • Construction of Phase 3&4 will
Slide 16: GEP to be listed on mai
Company Overview (cont.) GEP is going to be the listed company on the Market for Alternative Investment (mai) Page 16
Slide 17: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 17
Slide 18: Financial Highlight: Total Revenue
Financial Highlight 3M.2020 Total Revenue -17.89% YoY 1,290.90 Unit : MB Baht 296.39 million Total Revenue 3M.2020 Total Revenue Baht 296.39 million Sales Portion Export 63% Domestic 37% 359.44 339.79 Domestic Sales -20.73%, Baht 108.16 million 296.39 321.26 257.59 Export Sales -16.11%, Baht
Slide 19: Financial Highlight (cont.): Cost and Expenses
Financial Highlight (cont.) Cost and Expenses Comparing to % of total revenue 247.19 Unit : MB 216.73 44.49 35.41 30.29 23.65 22.93 24.93 18.80 16.89 15.07 0.00 0.00 1.62 Cost of good sold Cost of sales Administrative Other expenses Financial cost Profit from selling Share of Profit expenses Costa b
Slide 20: Financial Highlight (cont.): Net Profit
Financial Highlight (cont.) Net Profit (Separate) Furniture Business : Net Profit (ECF’s Portion) *Consolidated* Unit : MB Q1.2020 Net Profit +3.30% YoY 40.29 Baht 15.91 million NP margin Q1.2019 & Q1.2020 = Net Profit (Consolidted) 4.71% and 5.77% respectively Furniture Business + all subsidiaries:
Slide 21: Financial Highlight (cont.): Financial Position
Financial Highlight (cont.) Unit : MB Financial Position as of 31 March 2020 1,379.37 1,397.30 Unit : MB Assets Financial 2018 2019 3M2020 Highlight 584.10 481.89 468.26 Assets 3,590.97 3,348.31 3,325.98 376.99 283.32 242.46 222.91 Liabilities 2,136.56 2,106.63 2,071.59 0.00 Equity 1,454.41 1,241.68
Slide 22: Debentures
Debentures Name of debentures : Secured debentures of East Coast Furnitech Public Company Limited No. 1/2020, due in 2022, in which the issuer has the right to redeem the debentures before the maturity date. Issuer : East Coast Furnitech Public Company Limited Underwriter : Country Group Securities
Slide 23: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 23
Slide 24: Business Strategy
Business Strategy Marketing Strengthen Solar Power Focus on IT situation Plant, and Myanmar Technology Sales Order Factory Phase 2 3 & 4 Online Marketing Export Experience Accelerating for the Development of the Domestic Costs & Expenses construction of 2 3 & 4 Application for Sales and Customer Div
Slide 25: Customer Diversification
Customer Diversification Others Year 2019 Others Year 2020 Dealer 7% Dealer 7% 8% 7% Japan Hypermarket 46% Hypermarke Japan 24% t 55% 27% China/USA 2% China/USA India India 1% 9% 7%
Slide 26: Warehouse Expansion: Headquarter Factory, Kleang, Rayong
Warehouse Expansion: Headquarter Factory, Kleang, Rayong Focus on IT and Technology 26
Slide 27: Presentation Agenda
Presentation Agenda Company Overview Financial Performance Business Strategy Q&A 27
Slide 28: Q&A
Q&A 28
Slide 29: Thank You
East Coast Furnitech PCL. Thank You Investor Relations +662-152-7301-4 ext.212 or 202 ir@eastcoast.co.th www.eastcoast.co.th 29
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