Synergetic Auto Performance Public Co. Ltd. · SET:ASAP
Synergetic Auto Performance Public — 1H2020 Earnings Presentation
10 slides from Synergetic Auto Performance Public's earnings presentation, Oct 28, 2020
Slide 1: Strictly Private & Confidential
Strictly Private & Confidential
Slide 2: Key Updates: 1H2020
Key Updates: 1H2020 1. Reaching target 20,000 fleets Other Development in 1H2020 Total fleet 19,367 of which 171 net decrease in portfolio (+0.9%) Portfolio Expansion: Expanding portfolio to serve increasing demand in all segments leading asap to be one of the largest fleet operators in Thailand LT
Slide 3: Revenue by Business Segments
Revenue by Business Segments 1H2020 Total Revenue : THB 1,656 mn Car Rental Business (THB 1,358 mn) Used Car Sales Business (THB 247 mn) Other Revenue (THB 51 mn) 15% 3% 82% • Revenue from property rental • Revenue from insurance Auction House Car combine Online Sales • Commission Long-term Short-te
Slide 4: asap's Portfolio – Car Rental Business
asap’s Portfoilio – Car Rental Business Portfolio by type of cars Revenue by type of Customers for 1H2020 Corporate – LT 84% 11,722 13,314 14,942 17,142 17,757 18,258 18,663 19,196 19,367 Corporate – Chauffer 1% 9% 8.0% 8.0% 8.0% 8.0% 7.0% 7.0% 7.0% 7.0% 7.0% Government 11% THB 1,358 mn 34% 36.0% 37
Slide 5: Financial Performance
Financial Performance Revenue from car rental: maintain revenue growth (43%), mainly in long-term rental Revenue from used cars sales: revenue increased (+47%) from more car selling number, increased from 401 cars in 1H2019 to 646 cars in 1H2020 3} Gross profit: lower gross profit (25%) from lower p
Slide 6: Car Rental Business
Car Rental Business Car rental revenue was THB 1,358 mn in 1H2020 +3% YoY and 800 100% with 95% contribution from long-term car rental 700 80.0% 80.0% Revenue (THB mn) 71.5% 71.0% 70.6% 70.6% 70.4% 71.1% 600 68.3% 66.8% 75% • Revenue from long-term car rental was at THB 1,286 mn +5% EBITDA Margin Ma
Slide 7: Used Car Sales Business
Used Car Sales Business Used cars sales revenue was THB 247 mn in 1H2020 +47% 190 Gross Profit Margin 20% YoY 15% Revenue (THB mn) 150 12.8% • Used cars sold in 1H2020 were through auction at 25% 10.6% 9.3% 10% Margin (%) 110 while online and direct sales (including asap AutoPark) 6.5% 5.0% 5% accou
Slide 8: Statement of Financial Position
Statement of Financial Position (unit THB ’000) 31 Dec 2019 % of 31 Jun 2020 % of total assets total assets % change Cash & cash equivalents 10 0.1% 19 0.1% 90.0% Accounts receivables 274 2.1% 292 2.3% 6.6% Cars 11,793 89.9% 11,413 89.7% -3.2% Other PPE 32 0.2% 18 0.1% -43.8% Other assets 1,013 7.7%
Slide 9: Income Statement
Income Statement (unit THB mn) 1H2019 % of 1H2020 % of % change revenue revenue YoY Revenue 1,485 100.00% 1,611 100.00% 8.5% Cost of sale and services (1,198) (80.7%) (1,397) (86.7%) 16.6% Gross Profit 144 19.3% 214 13.3% (25.4%) Selling Expense (25) (1.7%) (23) (1.4%) (8.0%) Administrative Expense
Slide 10: Statement of Cash Flow
Statement of Cash Flow (unit THB mn) 1H2019 1H2020 % change Earnings before income tax 12 (37) (408.3%) Adjustment for depreciation and amortization 715 780 9.1% Other adjustment 200 185 (7.5%) Change in operating assets and liabilities 125 439 251.2% Cash flows from operating activities 1,052 1,367
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