Thai Optical Group Public Co. Ltd. · SET:TOG
Thai Optical Group Public — Q2 2022 Earnings Presentation
24 slides from Thai Optical Group Public's earnings presentation, Sep 21, 2022
Slide 1: TOG Opportunity Day
TOG OPPORTUNITY DAY September 21, 2022
Slide 2: Disclaimer
DISCLAIMER The following presentation may contain forward looking statements by the Management Team of Thai Optical Group Public Company Limited (the Company), related to financial or other tendency for future periods, compared with the results for previous periods. Some of the statements contained
Slide 3: Agenda
AGENDA 1. Q2/2022 Results 2. Outlook & Key developments 3. Sustainability Management 4. Q&A 3
Slide 4: Q2/2022 Results
AGENDA 1 Q2/2022 Results
Slide 5: Q2/22 Results (Consolidated)
Q2/22 RESULTS (CONSOLIDATED) Unit: THB million Q2/21 Growth Q2/22 Revenue from sales and services 572 +18.3% 676 149 163 Gross profits +9.4% 26.1% 24.2% 87 109 Net Income +25.7% 15.2% 16.1% 103 119 EBIT +15.9% 18.0% 17.6% 150 165 EBITDA +9.9% 26.2% 24.3% 5
Slide 6: Growth comes from all regions except Europe
GROWTH COMES FROM ALL REGIONS EXCEPT EUROPE Unit: THB million % represents share of total sales for each region Europe 667 511 Asia Pacific 180 157 469 America 40 369 63 98 127 2020 2021 Q2/20 Q2/21 Q2/22 440 2020 2021 Q2/20 Q2/21 Q2/22 247 29 117 124 2020 2021 Q2/20 Q2/21 Q2/22 Australia and New Ze
Slide 7: Strong growth in ANZ
STRONG GROWTH IN ANZ 13.6% 18.7% 13.1% 19.3% 20.5% 21.4% America 22.1% 28.7% 19.5% 22.2% Asia/Africa 37.0% 28.5% 31.0% 39.2% 40.4% ANZ Europe 28.1% 28.3% 31.4% 17.9% 24.4% 2020 2021 Q2/20 Q2/21 Q2/22 7
Slide 8: Rx driven by ANZ, US and Asia markets
RX DRIVEN BY ANZ, US AND ASIA MARKETS 7.5% 8.0% 8.9% 6.4% 9.0% 28.5% Others 35.4% 34.6% 35.9% 37.8% High value-added 20-30% margin Rx 34.8% 31.2% 28.6% 27.6% Value-added 27.8% Low value-added Standard 10-20% margin 25.9% 28.8% 27.6% 30.2% 25.3% 2020 2021 Q2/20 Q2/21 Q2/22 8
Slide 9: Significantly higher Rx sales
SIGNIFICANTLY HIGHER RX SALES 676 572 53 37 $1.5 mil $1.0 mil • Continued strong demand from 256 Others 163 existing accounts in ANZ. $4.7 mil • New key accounts in US and Canada $7.2 mil Rx • Indirectly affect by the economic Value-added 199 threaten climate from the Russo-Ukraine 188 $5.6 mil war.
Slide 10: Significant factors in Q2/2022: Production and operation
SIGNIFICANT FACTORS IN Q2/2022 Production and operation • Production costs – Accelerate efficiency maximization to mitigate an impact of production cost increase from raw materials and the minimum wage may be raised. • Rx Production Capacity Expansion – Gear up the investment to expand the Rx produc
Slide 11: Historical quarterly financials
HISTORICAL QUARTERLY FINANCIALS Unit: THB million Sales Gross Profit Net Profit 663 676 643 608 618 576 572 549 537 531 547 450 441 454 455 450 343 … 144 141 141 149 163 139 222 126 138 92 106 111 78 62 65 64 69 53 18 28 25 13 38 … 13 87 80 14 (6) 96 87 109 21 63 51 76 76 Q1/18 Q2/18 Q3/18 Q4/18 Q1/
Slide 12: Year-on-year Q2 financials
YEAR-ON-YEAR Q2 FINANCIALS Unit: THB million 676 572 441 454 149 163 222 78 65 28 14 (6) 109 87 Q2/18 Q2/19 Q2/20 Q2/21 Q2/22 (53) Sales Gross Profit Net Profit 12
Slide 13: Outlook & Key Developments
AGENDA 2 Outlook & Key Developments
Slide 14: 2022 Outlook
2022 OUTLOOK • Demand is still high – Expect high demand throughout 2022 from existing accounts in all regions – Active discussion with prospects for casting and Rx in Europe and US. • Kick off the Rx production capacity expansion investment. – To support medium-term growth of existing key accounts
Slide 15: Key developments in 2022
KEY DEVELOPMENTS IN 2022 • Expect continuous growth at TOG USA – Launch new product, high-value FSV products. – Acquire more customers in the US and Lain America. • Expect fast-growing phase at TOG Europe – Expand broader customers base across Western and Eastern Europe regions. 15
Slide 16: Sustainability Management
AGENDA 3 Sustainability Management
Slide 17: Waste Management
WASTE MANAGEMENT Initiatives to Zero-Landfill waste disposal 17
Slide 18: Sustainable Packaging
SUSTAINABLE PACKAGING Initiative to use recyclable material for product package Plastic Paper 18
Slide 19: Voluntary Climate Action
VOLUNTARY CLIMATE ACTION CO2 Emission Reduction Target 19
Slide 20: Renewable Energy
RENEWABLE ENERGY Solar PV Rooftop Year 2022/2023 Renewable Energy 1.3 million kWh/year 20
Slide 21: Innovative Products
INNOVATIVE PRODUCTS Support Good health & Well-being for society Made from 82% Blue light & Relieve eye strain & bio-based content HEV Protection boost accommodation 21
Slide 22: Social Sustainable
SOCIAL SUSTAINABLE Collaboration with Local Community 22
Slide 23: Q&A
AGENDA 4 Q&A
Slide 24: Thai Optical Group PCL.
THAI OPTICAL GROUP PCL. Head Office 15/5 Moo 6 Bangbuathong-Suphanburi Rd. Laharn Bangbuathong, Nonthaburi, Thailand 11110 Tel: (+66) 02 194 1145 to 1146 Sales and Customer Service 77/141-142, 33rd Fl. Sinn Sathorn Tower, Krungthonburi Rd. Klongtonsai, Klongsan Bamgkok, Thailand 10600 Tel: (+66) 02
Thai Optical Group Public Company — Q2 2022 Earnings Presentation on 6ix