Thai Optical Group Public Co. Ltd. · SET:TOG
Thai Optical Group Public — Q3 2021 Earnings Presentation
16 slides from Thai Optical Group Public's earnings presentation, Jan 18, 2021
Slide 1: TOG Presentation
TOG PRESENTATION January 18, 2021
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. Q3/2021 Results 2. Key developments 3. Q&A Strictly confidential 3
Slide 4: Q3/2021 Results
AGENDA 1 Q3/2021 Results
Slide 5: Q3/21 Results (Consolidated)
Q3/21 RESULTS (CONSOLIDATED) Unit: THB million Q3/20 Growth Q3/21 Revenue from sales and services 531 2.9% 547 59 111 Gross profits 86.2% 11.2% 20.2% 21 51 Net Income 145.0% 3.9% 9.3% 11 61 EBIT 457.0% 2.1% 11.2% 59 108 EBITDA 83% 11.1% 19.7% 5
Slide 6: Strong YoY Rebound from All Regions
STRONG YOY REBOUND FROM ALL REGIONS Unit: THB million % represents share of total sales for each region Europe 750 Asia Pacific 511 368 369 America 151 156 162 98 115 93 247 2019 2020 Q3/19 Q3/20 Q3/21 153 2019 2020 Q3/19 Q3/20 Q3/21 134 35 69 2019 2020 Q3/19 Q3/20 Q3/21 Australia and New Zealand Mi
Slide 7: US Growth Continues While Europe Demands Returns to Almost Normal
US GROWTH CONTINUES WHILE EUROPE DEMANDS RETURNS TO ALMOST NORMAL 7.8% 13.6% 11.8% 7.7% 13.0% 24.5% 19.3% 17.2% 22.0% 21.4% 23.0% America 19.0% 34.9% Asia/Africa 32.5% 37.1% 37.0% 34.7% 26.9% ANZ 38.0% 38.4% Europe 28.1% 33.2% 29.4% 29.6% 2019 2020 2021E Q3/19 Q3/20 Q3/21 7
Slide 8: Value-Added Driven by US
VALUE-ADDED DRIVEN BY US 7.2% 7.5% 7.7% 7.7% 7.5% 6.0% 27.1% Others 33.6% 35.4% 33.1% 36.0% 34.8% High value-added 20-30% margin Rx 26.3% 29.4% 39.7% 31.2% 27.7% 31.5% Value-added Low value-added Standard 10-20% margin 33.0% 29.8% 28.6% 27.2% 25.9% 26.2% 2019 2020 2021E Q3/19 Q3/20 Q3/21 8
Slide 9: Q3/21 Higher Sales in All Product
Q3/21 HIGHER SALES IN ALL PRODUCT 547 531 $1mil $1.2 mil 33 40 $4.5 mil Others $5.6 mil 148 185 Rx $6.6 mil $5.1 mil 217 Value-added 167 $4.5 mil Standard $4.2 mil • Back to normal globally 149 139 Exchange Rate USD of Q3/2021 = 32.92 THB Q3/20 Q3/21 9
Slide 10: Significant Factors in Q3/21
SIGNIFICANT FACTORS IN Q3/21 • Difficulties of production management due to COVID – Found COVID cases on a daily basis in July-August resulting in quarantine of close- contact group – Running at a moderately-lower-than-optimal utilization due to quarantines • Continued strong demand of casted produc
Slide 11: Historical Quarterly Financials
HISTORICAL QUARTERLY FINANCIALS Unit: THB million Sales Gross Profit Net Profit 608 618 576 572 549 537 531 547 477 475 472 454 450 441 454 455 450 343 … 129 144 139 222 141 141 124 117 106 111 96 92 78 149 62 87 80 65 64 69 47 48 59 53 63 28 18 28 25 13 38 (4) 21 87 13 14 96 51 Q2/18 Q1/17 Q2/17 Q3
Slide 12: Year-on-Year Q3 Financials
YEAR-ON-YEAR Q3 FINANCIALS Unit: THB million 531 547 475 455 343 117 111 62 64 53 48 51 13 25 21 Q3/17 Q3/18 Q3/19 Q3/20 Q3/21 Sales Gross Profit Net Profit 12
Slide 13: Key Developments
AGENDA 2 Key Developments
Slide 14: Key Developments in 2021
KEY DEVELOPMENTS IN 2021 • TOG Europe – In service since Mar 1, 2021 – Building the shipment volume: • Jul 2021 – 16.3k • Aug 2021 – 14.6k • Sep 2021 – 18.0k – Continuous expansion of products. • New sizable demands from relaunched value-added products – First shipment of High-index FSV for Europe:
Slide 15: Q&A
AGENDA 3 Q&A
Slide 16: Thai Optical Group PCL. Head Office, Sales and Customer Service
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
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