Synergetic Auto Performance Public Co. Ltd. · SET:ASAP
Synergetic Auto Performance Public — Investor Presentation (2017)
36 slides from Synergetic Auto Performance Public's investor presentation, 2017
Slide 1: Synergetic Auto Performance Public Company Limited Year 2016
Strictly Private & Confidential Strictly Private & Confidential Synergetic Auto Performance Public Company Limited Year 2016
Slide 2: Agenda
AGENDA Section 1 About Us Section 2 Our Business Section 3 Managements Section 4 Financial Highlights Section 5 Investment Highlights
Slide 3: About Us
Section 1 ABOUT US
Slide 4: Who We Are
Who We Are “We are a total solution car rental Our Core Value: “asap” does not only mean service providers that delivers at a “As Soon As Possible”, but also world-class standard and beyond customer expectations” “As Superior (Service) As Possible” What We Offer What We Want to Be in the Future 4 Cs
Slide 5: Our Achievement Stories
Our Achievement Stories “asap has been continuously developing its business and providing service as superior and satisfied as possible” K.Songvit & K.Parinda opened Siam Nissan P2M Co., Ltd. as 1995 Nissan’s car dealer (3 branches at present) Change par from THB 1.00 per share to be THB 0.50 per
Slide 6: Our Business
Section 2 OUR BUSINESS
Slide 7: Business Overview
Business Overview 1 2 Self-Driven Long-Term Car Rental Service Self-Driven Short-Term Car Rental Service Self-driven long-term car rental service (Fleet Management) Self-driven short-term car rental service focusing on individual focusing on corporate customers customers Customers are large corpor
Slide 8: Self-Driven Long-Term Car Rental Service
1) Self-Driven Long-Term Car Rental Service Total solution fleet management service is delivered to customers at world-class standard, services include: 1 Fleet 2 Fleet Tailored 3 Fleet 4 Replacement Cars 5 Other Related Procurement Modification Maintenance Services Having capability and As requ
Slide 9: Self-Driven Long-Term Car Rental Service (Cont'd)
1) Self-Driven Long-Term Car Rental Service (Cont’d) “asap provides not only car rental service, but the total solution fleet management service to corporates, government agencies and state enterprises” Types of self-driven long-term rental cars asap is trusted by customers to take care of their fle
Slide 10: Self-Driven Short-Term Car Rental Service
2) Self-Driven Short-Term Car Rental Service asap launched new car rental service, i.e. self-driven short-term car rental service under the name “asap” in late 2015 focusing on individual customers asap started to provide self-driven short-term car rental Chiang Rai Currently, there are 6 asap count
Slide 11: Chauffeur-Driven Car Rental Service
3) Chauffeur-Driven Car Rental Service Chauffeur-driven car rental service is the newest service launched by asap in July 2016 Services provided comprises of: Chauffeur-driven car Fleet Management Service Fleet Procurement rental service focuses on Fleet Tailored Modification Fleet Maintenan
Slide 12: Revenue Breakdown
Revenue Breakdown “asap’s revenue is mainly contributed by self-driven long-term car rental service which has corporates as a major customer” asap’s Revenue Breakdown asap’s Car Rental Revenue Breakdown by Customers asap’s revenue for 2016 is THB 1,459.43 mn, which is mainly driven For 2016, asa
Slide 13: Facilities & Resources
Facilities & Resources Head Office 3,676 sq.m. (rented areas) Theparak, Samutprakarn province Land (for asap Auto Park) 4-0-60 Rai Bangna-Trad Road between km.12 – 13 asap Branches in Airports Phuket Don Muang Chiang Mai Hat Yai Chiang Rai Suvarnabhumi Number of Cars As of 31 D
Slide 14: Business Flow
Business Flow Financial institutions Provide source of fund for cars purchase Self-driven long-term/ Chauffeur-driven car rental service Corporate Return cars when contract expired Customers Purchase cars from dealer Car dealers Provide new cars Self-driven short-term car rental service Individual C
Slide 15: Strategies for Competitive Advantages
Strategies for Competitive Advantages Key business strategies to capture opportunities and drive asap’s growth are as follow: 1 Capability of providing total Facilitating customers in using cars by provide car-related services from start to solution fleet management end stage service 2 Procurement
Slide 16: Who are Our Competitors and What Make Us Different?
Who are Our Competitors and What Make Us Different? What make asap stands out … 1. Superior car rental services beyond the customers' expectation Over 8,000 cars are ready to become your travel partner Over 500 replacement cars are available to service Our customers’ retention rate Various mod
Slide 17: Continuous Development to Offer the Best Car Rental Services
Continuous Development to Offer the Best Car Rental Services We commit to continually expand our services beyond customers expectation We position ourselves as car rental partner, not financier. We promise to actively introduce new value added services to offer the comprehensive car rental servi
Slide 18: Future Project: asap Auto Park
Future Project: asap Auto Park Preliminary design To be an auto services center by providing: asap Auto Park self-driven short-term car rental service counter, used car sales area, Objective pick up/drop off area for Suvarnabhumi asap counter’s customers, and the rests are rental area for au
Slide 19: Managements
Section 3 MANAGEMENTS
Slide 20: Organization Chart
Organization Chart Board of Directors Company Secretary Nomination and Remuneration Audit Committee Committee Chief Executive Officer Internal Audit Managing Director General Manager General Manager General Manager Front Office After Sales Accounting & Finance Planning & Short-Term Car Long-Term Car
Slide 21: Board of Directors
Board of Directors Chairman Vice Chairman Director Director Mr. Yol Mr. Songvit Mrs. Parinda Gen. Siravudhi Phokasub Titipunya Vongvitavat Sukanthanark Director Director Director Director Director Pol. Lt. Gen. Pasakorn Assoc. Prof. Pachara Mr. Pratarn Mr. Surapong Mr. Chairat Rukskul, MD Pacharavan
Slide 22: Audit & Nomination and Remuneration Committee
Audit & Nomination and Remuneration Committee Audit Committee Chairman of Audit Committee Audit Committee Audit Committee Audit Committee Assoc. Prof. Pachara Pacharavanich Mr. Pratarn Aranyakananda Gen. Siravudhi Sukanthanark Mr. Surapong Uthaichalanond Nomination and Remuneration Committee Chairma
Slide 23: Management Team
Management Team Chief Executive Officer Managing Director Mr. Songvit Titipunya Mr. Chairat Kamonoratep General Manager General Manager General Manager Accounting Front Office After Sales Accounting & Finance Manager Mr. Pakorn Bunpanya Ms. Ladda Satchoi Ms. Jaruwan Pawasri Mrs. Sudkhanueng Dumrongs
Slide 24: Financial Highlights
Section 4 FINANCIAL HIGHLIGHTS
Slide 25: Total Revenue Breakdown & Profitability Margins
Total Revenue Breakdown & Profitability Margins Total Revenue Breakdown Profitability Margins % 66.44%1 70% 56.46% 57.78% (THB mn) 60% 54.87% 1,459.44 1,600 CAGR = 28.6% 2% 50% 1,400 1,086.09 21% 40% 1,200 2% 27.49%1 840.37 30% 1,000 21.61% 2% 26% 18.11% 19.70% 685.88 800 20% 25.62%1 5% 20% 600 10%
Slide 26: Revenue from Car Rental Breakdown
Revenue from Car Rental Breakdown Revenue from Car Rental Breakdown by Customer Type Revenue from Long-term VS Short-term Car Rental (THB mn) 1,133.00 1,200 0.3% THB 18.83 mn, THB 28.09 mn, THB 0.16 mn, 0.02% 2.48% 1.66% 1,000 789.51 17.4% 659.23 0.3% 800 581.86 0.5% 17.4% 2015 2016 0.6% 600 13.2% 1
Slide 27: Net Income & EBITDA
Net Income & EBITDA Net Income and EBITDA (THB mn) 900 843.21 800 700 Negative Impact to Used Cars Market in 2013 595.97 600 and 2014 from Tax Policy on the First Car has 500 430.85 455.68 474.51 passed 400 300 Bottom The used car price continuously declined and reached 177.001 200 151.80 Out bott
Slide 28: Balance Sheet Composition
Balance Sheet Composition Assets Breakdown Liabilities and Equity Breakdown 6,375 (THB mn) 6,375 (THB mn) 7 185 541 250 3,665 3,665 16 124 94 203 5,806 4,815 3,289 2,668 76 105 225 225 116 123 253 369 439 151 2015 2016 2015 2016 Key Financial Ratios 2014 2015 2016 2014 2015 2016 Liquidity Ratios Eff
Slide 29: Investment Highlights
Section 5 INVESTMENT HIGHLIGHTS
Slide 30: Favorable by Industry's 3 Mega-Trends
1) Favorable by Industry’s 3 Mega-Trends 3 Mega-trends shaping the global & local car rental business environment Outsourcing is expanding across the globe Air travel is a new normal The rise of sharing economy “Do what you do best, “The Thai capital of Bangkok has beaten London By 2025, sharing eco
Slide 31: New Rising Star with Promising Top-Line and Bottom-Line Growth
2) New Rising Star with Promising Top-Line and Bottom-Line Growth “Revenue growth from self-driven long-term car “Earning growth from new value-added rental service” services” asap has outstanding product mix where the potential One of the leading car rental company with proven track improvement in
Slide 32: Cost Effectiveness from Economies of Scale & Scope
3) Cost Effectiveness from Economies of Scale & Scope Economies of Scale asap has been continuously purchasing cars to serve customers every year Big car portfolio Car purchase price Total cars in asap’s portfolio enhances asap’s high Financing source 8,405 procurement bargaining /negotiation 5,292
Slide 33: Highly committed to Superior Service Ensures Sustainable Growth
4) Highly committed to Superior Service Ensures Sustainable Growth asap is strongly committed to superior car rental service, aiming at highest customer satisfaction Every process is served with CARE Customers asap’s Fleet Management Service Request for car rental service Fleet Procurement High
Slide 34: High Quality Customer Portfolio with Low Business Risk
5) High Quality Customer Portfolio with Low Business Risk Our customer portfolio comprises the best of all sectors Key business risks are eliminated through our solid together customer and car portfolios Large corporates, government agencies and state enterprises have a confidence in asap’s name a
Slide 35: Outstanding Management Team
6) Outstanding Management Team Mr. Songvit Titipunya Chief Executive Officer High expertise with more than 20 years experience in car industry Founder of Toyota @ United, currently one of the top 3 Toyota’s dealer in Thailand Strong relationship with Toyota Motor Thailand and other car supplie
Slide 36: Strictly Private & Confidential Page 35
Strictly Private & Confidential Page 35
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