Thaifoods Group Public Co. Ltd. · SET:TFG
Thaifoods Group Public — Q1 2024 Earnings Presentation
39 slides from Thaifoods Group Public's earnings presentation, May 23, 2024
Slide 1: Company Presentation Q1 2024 Year of Sustainable
Company Presentation Q1 2024 23 May 2024 “Year of Sustainable” Thaifoods Group Public Company Limited
Slide 2: Agenda
Agenda ▪ Executive Summary ▪ Company Overview ▪ Financial Highlight ▪ Management Team ▪ Standard and Rewards ▪ CSR Activities ▪ Appendix 3
Slide 3: Executive Summary
Executive Summary TFG is one of top three producers of chicken meat and live pigs in Thailand. We have the capacity to produce 500,000 chickens per day and supply over 100,000 fattening pigs per month. Key Competitive Strength - Feed Farm Foods Fully integrated business : Poultry, swine, feed mills
Slide 4: Company Overview: Feed Farm Food
Company Overview FEED FARM FOOD FOOD Distribution Feed Mills Poultry Processing Sales - Suphanburi more than 287 contract farmers • Modern Trade (150,000 Tonnes/month) 19 breeder chicken farms Poultry • Traditional Trade - Prachinburi 7 hatcheries • 4 slaughterhouses in • Industrial (100,000 Tonnes/
Slide 5: Company Profile
Company Profile Company Name Thaifoods Group Public Company Limited (TFG) Industry SET/ Agro & Food Industry/ Food & Beverage First day trade 8 October 2015 Share Outstanding Registered capital 6,749,411,897 Baht Paid up Capital 5,810,818,518 Baht (as of 9 June 2023) Par Value Baht 1 per share Marke
Slide 6: TFG's Group
TFG’s Group Thaifoods Group Public Company Limited Production and selling of chickens, pigs and animal feed Poultry Swine Animal Feed Others 100% 100% 100% 100% Thai Foods Poultry Farm Co., Ltd. Thai Foods Swine Farm Co., Ltd. Thai Foods Feed Mills Co., Ltd. Thai Foods Research Center Co., Ltd. Oper
Slide 7: Financial Highlight
Financial Highlight Revenue from Sale GP 9.06% 19.03% 6.77% 12.81% 8.58% 55,871 52,323 34,823 13,677 14,998 2021 2022 2023 3M 2023 3M 2024 Net Profit NP 1.58% 8.96% (1.44%) 3.06% 1.14% 4,722 562 425 174 2021 2022 2023 3M 2023 3M 2024 Strictly Confidential (813) 8
Slide 8: Revenue Segment
Revenue Segment 3M 2023 Revenue 3M 2023 COGS % GP from Sale Poultry 4,623 4,144 10% Swine 3,116 2,462 21% Feed Mill 2,432 2,352 3% Retail shop 3,459 2,928 15% Other 46 39 15% Total 13,677 11,925 13% 3M 2024 Revenue 3M 2024 COGS % GP from Sale Poultry 4,449 3,912 12% Swine 2,969 3,109 (5%) Feed Mill
Slide 9: Distribution Network: Poultry
Distribution Network Poultry 3M 2023 3M 2024 3M 2023 3M 2024 % % Distribution Change Change Tonnes Mil Bt. Tonnes Mil Bt. (Volum) (Value) Export 20,948 2,173 15,664 1,538 (25%) (29%) Industry 6,401 500 9,615 702 50% 40% Trader 5,936 335 10,463 583 76% 74% Wholesales 24,622 377 24,340 402 (1%) 6% Foo
Slide 10: Distribution Network: Swine
Distribution Network Swine 3M 2023 3M 2024 3M 2023 3M 2024 % % Distribution Change Change Tonnes Mil Bt. Tonnes Mil Bt. (Volum) (Value) Live Pig 22,147 1,783 17,368 1,030 (22%) (42%) Pork Part 5,359 453 6,089 365 14% (19%) Total 27,506 2,236 23,457 1,395 (15%) (38%) Interco 11,784 1,056 23,525 1,899
Slide 11: Distribution Network: Feed Mills
Distribution Network Feed Mills 3M 2023 3M 2024 3M 2023 3M 2024 % % Distribution Change Change Tonnes Mil Bt. Tonnes) Mil Bt. (Volum) (Value) Internal sales 318,299 5,743 323,259 4,861 2% (15%) External sales 143,195 2,432 132,294 2,075 (8%) (15%) Total 461,494 8,176 455,554 6,936 (1%) (15%) Detail
Slide 12: Retail Business
Retail Business
Slide 13: Retail Business
Retail Business
Slide 14: Retail Business: TFM Current Performance Y2023
Retail Business TFM Current performance Y2023 Product Contribution Sales BPSD 147,508. - Product Group %Contribution Pork, Chicken 78.00% Dry Grocery & Other 13.50% Tickets Count Tickets Frozen 5.00% 529 Average 280.- Sausage 2.00% Chilled 1.00% Units/Ticket Prices/Unit 5.85 47.85 Consign 0.50%
Slide 15: Retail Business: TFM Performance 2020-2023
Retail Business TFM performance Y2020 - 2023 Avg.sales per shops day Gross Margin Mixed 30.0% 175,000 25.0% 23.6% 147,508 25.0% 150,000 22.2% 138,105 20.0% 21.7% 19.3% 20.0% 125,000 119,499 21.0% 19.8% 100,000 88,964 15.0% 75,000 12.1% 10.0% 10.0% 10.4% 9.4% 50,000 5.0% 25,000 0.0% - Y2021 Y2022 Y20
Slide 16: Shop breakdown by region
Retail Business Shop breakdown by region
Slide 17: Product Strategy
Retail Business Product Strategy Product sales mix 100.0% 88.0% Pork 49% 90.0% 81.0% 80.0% 80.0% 77.0% Chicken 30% 70.0% 60.0% 50.0% Dry grocery & Other 15% 40.0% 30.0% Frozen,Further 4% 20.0% 10.0% Sausage, Chilled 3% 12.0% 19.0% 20.0% 23.0% 0.0% Y2021 Y2022 Y2023 Q1-Y2024 • Increase contribution o
Slide 18: Sales per Sqm.
Retail Business Sales per Sqm.
Slide 19: Financial Position
Financial Position Balance Sheet Summary Debt Profile Summary Debt Profile : Interest Bearing Debt Vs Total Debt 2023 3M 2024 ROE (5.56) 5.03 IBD/E 1.91 1.77 IBD 2023 Q1 2024 ST 16,031 17,468 LT 10,106 7,242 Total 26,137 24,710 Total Debt 2023 Q1 2024 ST 22,804 23,003 LT 10,646 7,726 Total 33,450 30
Slide 20: Financial Ratio
Financial Ratio 2021 2022 2023 3M 2023 3M 2024 Current Ratio Current ratio (Time) 0.99 1.06 0.85 1.09 0.75 Accounts receivable turnover (Time) 17.84 21.62 22.83 23.06 26.74 Inventory turnover (Time) 7.71 7.17 7.48 6.06 8.95 Accounts payable turnover (Time) 15.04 17.63 15.46 16.99 15.90 Profitability
Slide 21: Management Team
Management Team Mr. Winai Teawsomboonkij Chief Executive Officer He is major shareholder of TFG . He started to the first chicken farm of 20,000 chickens in Lopburi province in 1987 and . Mr. Phet Nantavisai Executive Vice President He joined TFG in 2010, started project great grand parent of swine
Slide 22: Standard and Rewards
Standard and Rewards General requirements for the Quality Management Environment Management System competence of testing and System calibration laboratories Good Manufacturing Hazard Analysis Critical Halal Standard Practice Control Point develop and operate Private Sector Collective standards throu
Slide 23: CSR Activities
CSR Activities Thaifoods Good Earth Thaifoods Good Society 24
Slide 24: Activities
Activities Excellence Award 2022 for the Best Performance in Asia 2022 From Aviagen Asia Pacific Limited (Arbor Acres) 25
Slide 25: Activities
Activities Thailand Sustainability Investment 2020 Raise Without Antibiotics Certificated 26
Slide 26: Contact Details
Contact Details The Company presentation is prepared by Thaifoods Group Public Company Limited (“the Company”) for our investors, shareholders and/or related persons. For further information, please contact: Mr. Winai Teawsomboonkij Ms. Siriluck Tangwiboonpanich Ms. Chormard Luengcomchat Chief Execu
Slide 27: Appendix
Appendix 28
Slide 28: Financial - Income Statement
Financial - Income Statement Income Statement (Unit : THB million) 2020 2021 2022 2023 Change % Q1 2023 Q1 2024 Change % Revenue from sales 31,339 34,823 52,323 55,871 3,547 7% 13,677 14,998 1,321 10% Cost of sales 26,909 31,670 42,367 52,086 9,719 23% 11,925 13,712 1,786 15% Gross Profit (Loss) 4,4
Slide 29: Financial - Balance Sheet
Financial - Balance Sheet Balance Sheet (Unit : THB million) 2021 % 2022 % 2023 % Q1 2023 % Change % Current assets Cash and cash equivalents 416 1% 818 2% 836 2% 837 2% 1 0% Trade accounts receivable 2,318 7% 2,522 6% 2,374 5% 2,113 4% (261) (11%) Other current receivable 510 1% 1,009 2% 1,025 2% 1
Slide 30: Financial - Balance Sheet
Financial - Balance Sheet Balance Sheet (Unit : THB million) 2021 % 2022 % 2023 % 2023 % Change % Equity Share capital Authorised share capital 6,168 17% 6,168 14% 6,168 13% 6,168 13% - 0% Issued and paid-up share capital 5,644 16% 5,654 12% 5,811 12% 5,811 12% - 0% Additional paid-in capital Premiu
Slide 31: Integrated Flow Chart: Poultry Business
Integrated Flow Chart Poultry Business 1 Day 24 64 Breeder Farm weeks weeks +40 Weeks Chick Breeder Farm Grandparent Pullets(Parents) and parent stock Pullets begin laying eggs at 24 weeks 21 days 38 - 45 days Hatchery Hatchery Broiler Farm Eggs are in hatchery Broilers reach market for 21 days weig
Slide 32: Integrated Flow Chart: Swine Business
Integrated Flow Chart Swine Business TFSF TFSI GGP GP PS FS Great-grandparents Grandparents Parent stock Fattening Stock Contract Farming 110 Kg. 23-24 Weeks Slaughterhouse Live Pigs Insemination 7 Days Gestation 116 Days Farrowing & Lactation 24 Days 5-6 Rounds/ Live Weaned Traditional market Moder
Slide 33: Integrated Flow Chart: Feed Mill Business
Integrated Flow Chart Feed mill Business 1 2 3 4 5 RM Incoming Grinding Batching Pelleting Product & Mixing Load Out 34
Slide 34: Our Products
Our Products Poultry Business Further Chicken Sausage Swine Business Food Blessing Feed mill Business Spare Rib Ham Belly (Lack) 35
Slide 35: Our Factory
Our Factory Feed Mill factory Poultry farm Swine farm Further factory Chicken Slaughterhouse Chicken Sausage factory Pig Slaughterhouse 36
Slide 36: Komedori Chicken-Raw Meat
Komedori Chicken-Raw Meat KOMEDORI KEY FATE RW BIBT ILE GA
Slide 37: TFG Cooked Product
TFG Cooked Product KOMEDO RI AREY ee = = =" E ‘Sandwich ‘Sandwich (a nig i ~ x ,
Slide 38: Komedori Chicken
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Slide 39: Thank you
Thank you
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