SNC Former Public Co., Ltd. · SET:SNC
SNC Former Public — FY2006 Earnings Presentation
84 slides from SNC Former Public's earnings presentation, Mar 26, 2007
Slide 1: The Opportunity Day @ Stock Exchange of Thailand
FORMER PLC. THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 2: Agenda
AGENDA HIGHLIGHT SUMMARY OF THE YEAR 2006 OVERVIEW OF THE INDUSTRIES FINANCIAL PERFORMANCE 2006 PROGRESS OF SPEC BUSINESS PLAN 2006-2007 QUESTION & ANSWER THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 3: Highlights of the Year 2006
Highlights of the Year 2006 ACTUAL SALES 2006 2,035.27 MILLION THB (59%INCREASED FROM 2005) •AUTOMOBILE PARTS NET 365.32 PROFIT MILLION 2006 163.28 THB MILLION THB (9% INCREASED FROM(34%INCREASED 2005) FROM 2005) •AIR-CONDITIONING PARTS 1,228.90 MILLION THB (62% INCREASED FROM 2005) •COMPRESSOR PART
Slide 4: Overview of the Industries (2004-2006)
OVERVIEW OF THE INDUSTRIES (2004-2006) AUTOMOBILE AIR-CONDITIONER COMPRESSOR REFRIGERATOR LAUNDRY MACHINE
Slide 5: Automobile Assembly & Sales (2004-2006)
AUTOMOBILE ASSEMBLY & SALES (2004-2006) UNIT : 1,000 CARS Assembly sales 1,400 +4% 1,176 1,200 1,125 +21% 1,000 928 800 703 -3% 682 626 +12% 600 400 200 0 2004 2005 2006 YEAR THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 6: Export Cars and Automotive Parts (2004-2006)
EXPORT CARS AND AUTOMOTIVE PARTS (2004-2006) UNIT : MILLION BAHT 400,000 342,979 350,000 294,260 +15% 300,000 250,000 +29% 202,079 200,000 150,000 100,000 50,000 0 2004 2005 2006 YEAR THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 7: Air-Conditioner Manufacturing & Export (2004-2006)
AIR-CONDITIONER MANUFACTURING & EXPORT (2004-2006) UNIT : 1,000 UNIT 8,000 Manufacturing Export 7,554 -3% 7,404 7,500 -5% 7,038 7,000 6,903 -6% 6,532 6,500 -4.5% 6,242 6,000 5,500 5,000 YEAR 2004 2005 2006 THE OPPORTUNITY DAY Source: The Office of Industrial Economics, @ Stock Exchange of Thailand M
Slide 8: Compressor Manufacturing & Export (2004-2006)
COMPRESSOR MANUFACTURING & EXPORT (2004-2006) UNIT : THOUSAND UNIT Manufacturing Export 9,000 8,262 8,334 8,131 +1.6% +1% 8,000 7,000 6,000 5,000 4,043 +2% 4,121 -5% 3,900 4,000 3,000 2,000 1,000 0 YEAR 2004 2005 2006 THE OPPORTUNITY DAY Source: The Office of Industrial Economics, @ Stock Exchange o
Slide 9: Refrigerator Manufacturing & Export (2004-2006)
REFRIGERATOR MANUFACTURING & EXPORT (2004-2006) UNIT : THOUSAND UNIT Manufacturing Export 3,500 3,185 3,056 +4% 2,927 +4% 3,000 2,500 2,123 2,149 1,930 +10% +1.5% 2,000 1,500 1,000 500 0 YEAR 2004 2005 2006 THE OPPORTUNITY DAY Source: The Office of Industrial Economics, @ Stock Exchange of Thailand
Slide 10: Laundry Machine Manufacturing & Domestic Sales (2004-2006)
LAUNDRY MACHINE MANUFACTURING & DOMESTIC SALES (2004-2006) UNIT : THOUSAND UNIT Manufacturing Domestic sales 2,500 2,000 1,905 1,811 +1% -5% 1,728 1,500 1,000 439 -8% 407 +0% 477 500 0 YEAR 2004 2005 2006 THE OPPORTUNITY DAY Source: Bank of Thailand @ Stock Exchange of Thailand March 26, 2007
Slide 11: Financial Performance 2006
FINANCIAL PERFORMANCE 2006 MR. RATTAPOOM NANTAPATAWEE
Slide 12: Financial Performance
FINANCIAL PERFORMANCE OPERATING RESULTS FINANCIAL RATIO THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 13: Sales: Segment
SALES : SEGMENT MILLION BAHT 1,277 + 59% 2,035 800 534 523 548 600 430 328 30 390 303 45 52 113 0 256 48 400 93 64 50 46 0 23 91 38 95 72 41 9 87 69 35 29 200 105 366 89 332 272 241 290 218 129 139 0 Q1'05 Q2'05 Q3'05 Q4'05 Q1'06 Q2'06 Q3'06 Q4'06 Air Condition Automobile Compressor Metal Sheet THE
Slide 14: EAT: Segment
EAT : SEGMENT MILLION BAHT 122 + 34% 163 100 80 52 40 48 36 60 34 37 4 16 23 4 14 5 40 3 5 11 12 4 2 7 11 10 20 2 33 16 37 33 30 24 15 23 1 8 0 -0 -2 -2 -3 -2 -4 -5 -9 -20 Q1'05 Q2'05 Q3'05 Q4'05 Q1'06 Q2'06 Q3'06 Q4'06 Air Condition Automobile Compressor Metal Sheet THE OPPORTUNITY DAY @ Stock Exch
Slide 15: Profitability
PROFITABILITY 50% 40% EAT 78 MB EAT 122 MB EAT 163 MB 30% 26% 23% 20% 18% 14% 13% 11% 10% 9.4% 9.5% 8.0% 0% 2004 2005 2006 GP EBIT EAT THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 16: Assets
ASSETS MILLION BAHT 1,037 + 43% 1,487 2000 1500 595 1000 454 222 500 414 126 670 92 457 174 0 2004 2005 2006 2007 NCA OA QCA THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 17: Liabilities + Equity
LIAB + EQUITY MILLION BAHT 1,037 + 43% 1,487 2000 1500 819 1000 479 239 111 500 85 27 473 557 415 0 2004 2005 2006 2007 THE OPPORTUNITY DAY EQUITY NCL CL @ Stock Exchange of Thailand March 26, 2007
Slide 18: Liquidity
LIQUIDITY 4 3 2.1 2 1.7 1.2 1.0 1.0 1 0.8 0 2004 2005 2006 2007 Current Quick THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 19: Cash Cycle
CASH CYCLE 100 80 65 66 62 60 58 58 54 40 29 33 31 20 36 days 37 days 19 days 0 2004 2005 2006 2007 A/R Inven A/P THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 20: ROA, ROE
ROA, ROE 60% 50% 40% 32% 31% 24% 27% 30% 20% 18% 20% 10% 0% 2004 2005 2006 2007 ROA ROE THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 21: D(int)/E
D(int)/E 800 600 551 479 414 1 400 1 1 268 212 200 70 0.48 0.44 0 0.16 2004 2005 2006 Debt Equity THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 22: EPS
EPS 2.00 1.50 0.81 1.00 0.51 0.61 0.50 0.00 2004 2005 2006 2007 THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 23: Opportunity Day
23 Opportunity Day March 26th, 2007
Slide 24: Rayong Plant Property SPEC
24 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 25: Rayong Plant Property SPEC
25 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 26: Update Areas of SPEC
Update Areas of SPEC 26 Garden SPEC PROPERTY AREA: 49 Rai + 25 Rai = 74 Rai FTM 19.60 Acres + 10.00 Acres SPEC NEW PROPERTIES = 29.60 Acres OEM (40,000 SQM) 78,400 SQM + 40,000 SQM FOR = 118,400 SQM SPEC FUTURE EXPANSION PRODUCTION AREA: SPARE 23,400 SQM SSW AREA SFX (5,300 SQM) TOTAL FACTORIES: 15
Slide 27: Update Lay Out of SPEC
Update Lay Out of SPEC 27 F9 Facilities’ Detail FORESTRY SPEC GARDEN F10 F 1 – Piping Piping For LG Electronics F11 F 2 – Injection Mould Canteen & Stamping Die (SFX) – Automation (SSW) F 3 – Sheet Metal FTM F8 F12 Press & Stamping F 4 – Powder Painting F7 F13 NEW F 5 – Sheet Metal SPEC PROPERTIES T
Slide 28: Rayong Plant Property SPEC
28 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 29: Sheet Metal Fabrication – CNC Turret Punch (Factory 5)
Sheet Metal Fabrication – CNC Turret Punch (Factory 5) 29 CNC Turret Punch Quarter Quarter Machines 4 / 06 1 / 07 Amada 7 8 Finn Power 2 2 Tai Lift --- 1 TOTAL 9 11 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 30: Sheet Metal Fabrication – Bending Machines (Factory 5)
Sheet Metal Fabrication – CNC Turret Punch (Factory 5) 30 Bending Quarter Quarter Machines 4 / 06 1 / 07 035 Ton 3 3 050 Ton 4 4 080 Ton 6 6 100 Ton 1 2 125 Ton 2 2 130 Ton 2 2 TOTAL 18 19 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 31: Sheet Metal Fabrication – CNC Turret Punch (Factory 5)
Sheet Metal Fabrication – CNC Turret Punch (Factory 5) 31 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 32: Rayong Plant Property SPEC
32 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 33: OEM A/C (Factory 12-15) in Year 2006
OEM A/C (Factory 12-15) in Year 2006 33 September October November Dec March March By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 34: OEM A/C Facilities Floor Plan
OEM A/C Facilities Floor Plan 34 Indoor TWO Lines Test Room Outdoor TWO Lines Heat Exchanger Total FOUR LINES Pre Assembly Finished Goods By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 35: OEM A/C – Four Assembly Lines
OEM A/C – FOUR Assembly Lines 35 January February By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 36: OEM A/C – Four Assembly Lines
OEM A/C – FOUR Assembly Lines 36 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 37: OEM A/C – Two Outdoor Lines
OEM A/C – TWO Outdoor Lines 37 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 38: OEM A/C – Testing Rooms for Two Outdoor Lines
OEM A/C – Testing Rooms for TWO Outdoor Lines 38 Testing (No. 2) – Halogen Leak Test & Performance Test Testing (No. 1) – Helium Leak Test By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 39: OEM A/C – Testing Rooms for Two Outdoor Lines
OEM A/C – Testing Rooms for TWO Outdoor Lines 39 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 40: OEM A/C – Two Indoor Lines
OEM A/C – TWO Indoor Lines 40 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 41: OEM A/C – Testing Rooms for Two Indoor Lines
OEM A/C – Testing Rooms for TWO Indoor Lines 41 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 42: OEM A/C – Pre Assembly Section
OEM A/C – Pre Assembly Section 42 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 43: OEM A/C – Heat Exchanger Section
OEM A/C – Heat Exchanger Section 43 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 44: OEM A/C – Heat Exchanger Section
OEM A/C – Heat Exchanger Section 44 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 45: OEM A/C – Warehouse
OEM A/C – Warehouse 45 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 46: OEM A/C Capacities
OEM A/C CAPACITIES 46 Indoor (2-Line) Outdoor (2-Line) Length 35 Meters (Each) 45 Meters (Each) Capacity (1-Line) / 8 Hrs 300 Units 150 Units Capacity (2-Line) / 8 Hrs 600 Units 300 Units Capacity (2-Line) / Day 1,200 Units 600 Units (16 Hrs / Day) Capacity (2-Line) / Year 360,000 Units 180,000 Unit
Slide 47: OEM A/C – Current Customers
OEM A/C – CURRENT CUSTOMERS 47 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 48: OEM's Product Portfolio (1)
OEM’s PRODUCT PORTFOLIO (1) 48 Outdoor – Condensing Unit By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 49: OEM's Product Portfolio (2)
OEM’s PRODUCT PORTFOLIO (2) 49 Indoor – Fan Coil Unit By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 50: OEM's Product Portfolio (3)
OEM’s PRODUCT PORTFOLIO (3) 50 Package Chiller Unit By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 51: Rayong Plant Property SPEC
51 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 52: Opportunity Day March 26th, 2007
52 Opportunity Day March 26th, 2007
Slide 53: SFX: Located in Factory No. 2
SFX : Located in Factory No. 2 53 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 54: SFX: Major Machines
SFX : Major Machines 54 SODICK : AQ L SERIAS CNC WIRE-CUT ELECTRICAL SKM : ELECTRICAL DISCHARGE MACHINE By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 55: SFX: Major Machines
SFX : Major Machines 55 KENT : SURFACE GRINDING MACHINE KGS715AHD MILLSTAR : VERTICAL MACHINE CENTER By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 56: Rayong Plant Property SPEC
56 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 57: Opportunity Day March 26th, 2007
57 Opportunity Day March 26th, 2007
Slide 58: SSW: Located in Factory No. 2
SSW : Located in Factory No. 2 58 By SNC Former Plc. Presentation for SET Opportunity Day – March 26th , 2006
Slide 59: Business Results
Business Results @ Stock Exchange of Thailand 26 Mar 2007 COMPANY COMPANY OVERVIEW OVERVIEW FINANCIAL FINANCIAL&&OPERATIONAL OPERATIONAL LOOKING LOOKINGFORWARD FORWARD 2007 2007 Business Results SET ; Mar 26, 2007
Slide 60: Company Overview
Company Overview Found: 2006 Shareholder: SNC Former plc 100 % Registered Capital: THB 10 Millions Type of Business: Foods Processing Equipment & Stainless steel works Location: Rayong, Thailand Business Results SET ; Mar 26, 2007
Slide 61: Financial Highlights
Financial Highlights 40% 30% 20% 20.5% 22.1% 20.7% 10.5% 9.1% 8.8% 10% 8.5% 10.5% 4.4% 0% Q1'06 Q2'06 Q3'06 Q4'06 GP EBIT EAT Business Results SET ; Mar 26, 2007
Slide 62: Financial Highlights – Cumulative 2006
Financial Highlights Cumulative 2006 Q2'06 + Q3'06 + Q4'06 40% 30% 21.0% 20% 10% 8.8% . 8.3% 0% GP EBIT EAT Business Results SET ; Mar 26, 2007
Slide 63: Financial Highlights – ROA, ROE
Financial Highlights 43% . 13% ROE ROA Q2'06 + Q3’06 + Q4’06 Business Results SET ; Mar 26, 2007
Slide 64: Sales & Profit
Sales & Profit Million Baht Q2’06 Q3’06 Q4’06 Sales 8 8 14 Gross 21 % 22 % 21 % Profit Net Profit 11 % 4% 9% Business Results SET ; Mar 26, 2007
Slide 65: Key Business Ratio Per Year Basis
Key Business Ratio Per year basis Ratio Q2’06 Q2+Q3’06 Q2+Q3+Q4 EAT 11 % 8% 8% Investment Q4 ROA 29 % 23 % 13 % CNC Laser cutting & ROE 103 % 68 % 43 % CNC Pressbrake 18 MB ROFA 268 % 215 % 38 % Business Results SET ; Mar 26, 2007
Slide 66: Operational Highlights
Operational Highlights Premium Workmanship Lean Tools • Skill Matrix • The Visual Factory • Welder Qualification Examination • Project Progress Program • Go Global Export (US, EU) Niche & Global Markets Low Fixed Cost • As per Core competence • Low Fixed Cost • Vertical Growth • Tend to be Variable
Slide 67: Looking Forward 2007
Looking Forward 2007 Business Results SET ; Mar 26, 2007
Slide 68: Business Growth Strategy
Business Growth Strategy • Customer Relationship : with AIR PRODUCTS ASIA • Product Development : Engineering & Standardization • One-Stop-Services: Installation & Maintenance • Diversification : New Partners / Joint Venture FREEZER Present One stop services for APCI Asia Market FREEZER for Others N
Slide 69: Current Products
Current Products The Freezer Tunnel Batch Freezer Business Results SET ; Mar 26, 2007
Slide 70: The New Growth
The New Growth • Food Processing Equipment on Stainless Steel Basis for • Cleaning • Cooking • Other processing • Assembling of steel cabinet basis such as Chillers, Transformer Housing, Other cabinet • CNC Laser Cutting, Fabrication Services for Stainless Steel and Valuable metal works Business Res
Slide 71: Sales Forecast 2007
Sales forecast 2007 40,000 Others & Accum 35,000 Chiller Casing 30,000 Stainless steel Part Casing for 25,000 8% Casing for Machine Machine 20,000 Transfomer 12% Housing 15,000 Stainless steel 10,000 Transfomer Part Housing 5,000 Freezer Assy Freezer 15% - Assy Q1 Q2 Q3 Q4 53% Chiller Q1 Q2 Q3 Q4 TO
Slide 72: Investment 2007
Investment 2007 INVESTMENT REQUIRED (Down & Amortization) Vaccum & weld 6,000 Table for Accum 5,000 SPOT WELDING 4,000 TABLE TYPE KOYO 3,000 WET&POWDER 2,000 BOOTH 1,000 BEND M/C - (TRUMPF) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 TOTAL BEND M/C (TRUMPF) 1,200 1,200 1,200 400 4,000 WET&POWDER BOOTH - 1,000 1,500 - 2
Slide 73: Sales & Profit 2007
Sales & Profit 2007 1,078 1,492 4,035 5,936 12,541 15,144 19,880 Profit 8% 11% 15% 17% 14% 14% 15% 139,600 1,078 1,492 4,035 5,935 12,541 15,144 19,880 129,600 SALES & PROFIT 119,600 108,000 99,600 90,000 79,600 59,600 35,850 39,600 26,550 13,700 13,900 19,600 -400 Q1'07 Q2'07 Q3'07 Q4'07 2007 2008
Slide 74: Strategic Progress
Strategic Progress Standards Modern Management Lean Tools • ISO 9001:2000 • The Balanced Score Cards •7 Wastes Reduction • Self Assessment •Performance Management • SMEs award • Project Management • Visual Factory • TQA score •ECRS • Kaizen / Action Plans Business Results SET ; Mar 26, 2007
Slide 75: Thank You
THE WORLD-CLASS STAINLESS STEEL APPLICATIONS PROVIDER Thank You Padej Montburinont Business Results SET ; Mar 26, 2007
Slide 76: SNC Group Business Plan 2004-2007
BUSINESS PLAN 2004-2007 SNC GROUP
Slide 77: Business Plan 2004-2007: SNC Group
BUSINESS PLAN 2004 - 2007 SNC GROUP 4,000 3,500 3,000 MILLION THB – 40% 2,500 2,035 30 2,000 1,277 59% 1,500 834 1,000 53% 500 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 78: Business Plan 2004-2007: Automobile
BUSINESS PLAN 2004 - 2007 AUTOMOBILE 500 450 % 400 365 10-15 335 9% 350 MILLION THB 300 217 54% 250 200 150 100 50 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 79: Business Plan 2004-2007: Air Conditioner
BUSINESS PLAN 2004 - 2007 AIR CONDITIONER 2,000 1,800 50% 1,600 - 40 1,400 1,229 MILLION THB 1,200 % 1,000 759 62 800 482 57% 600 400 200 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 80: Business Plan 2004-2007: Compressor
BUSINESS PLAN 2004 - 2007 COMPRESSOR 300 250 181 MILLION THB 200 0% 151 20% 134 150 12% 100 50 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 81: Business Plan 2005-2007: Sheet Metal
BUSINESS PLAN 2005 - 2007 SHEET METAL 500 400 MILLION THB 300 50% 230 200 8% 100 61 32 0 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 82: Business Plan 2006-2007: Others
BUSINESS PLAN 2006 - 2007 OTHERS 100 90 80 70 MILLION THB 60 50 % 100 40 30 30 20 10 0 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand March 26, 2007
Slide 83: Question & Answer
3 & Question & Answer
Slide 84: Thank You
3 & THE END > THAN Ke Y rg ll