P.C.S. Machine Group Holding Public Company Ltd · SET:PCSGH
P.C.S. Machine Group Holding Public — Q1 2018 Earnings Presentation
18 slides from P.C.S. Machine Group Holding Public's earnings presentation, May 10, 2018
Slide 1: Business Briefing Q1.2018
Business Briefing Q1.2018 As at 31st March 2018 Disclosed : 10th May 2018 www.PCSGH.com | IR@PCSGH.com
Slide 2: P.C.S. Precision Works Co., Ltd. – PCW
P.C.S. Precision Works Co., Ltd. – PCW More Than 1,700 machines Products : >200 part number Turning 300 Units Machine Center 300 Unit Grinding Center 150 Unit Gear Generator 28 Unit Gear Shaving 14 Units Gear Grinding 2 Units Gear Honing 6 Units Heat Treatment 8 Units Turning Center Machine Gear Hon
Slide 3: P.C.S. Die Casting Co., Ltd. – PCD
P.C.S. Die Casting Co., Ltd. – PCD High Pressure Die Casting (HPDC) 18 Units • Products 2,500 Ton 6 Units 1,850 Ton 1 Unit • Maximum Die Size: 1,800 x 1,800 x 1,500 mm. 1,650 Ton 1 Unit • Component Size 900 Ton 5 Units Range: 0.1 kg. – 20 kg. 350 Ton 6 Units Machine Center 198 Units Robot 64 Units C
Slide 4: P.C.S. Forging Co., Ltd. – PCF
P.C.S. Forging Co., Ltd. – PCF Forging Machine 8 Units 6,000 Ton 1 Unit 4,000 Ton 1 Unit • Maximum Mold Size: 2,500 Ton 2 Units 2,500 x 2,500 x 1,500 mm. 1,600 Ton 2 Units • Component Size Range: 1.000 Ton 1 Unit 0.17 kg. – 40 kg. Mold Design & Making Forging Design & Simulation 700 Ton 1 Unit Produ
Slide 5: Products – Power Train System
Products – Power Train System Transmission Final Drive Engine Chassis www.PCSGH.com | IR@PCSGH.com 5
Slide 6: Value Customers
Value Customers Passenger Pickup – OEM Big Bike Big Truck Pickup – Tier I Non-Auto www.PCSGH.com | IR@PCSGH.com 6
Slide 7: Thailand Automotive Industry
Thailand Automotive Industry Total Vehicles Q–Q Y –Y 1-Ton Pickup Q–Q Y –Y Production 539,690 5.6% 11.1% Production 330,734 14.9% 19.7% Export 295,230 1.9% 3.8% Domestic 118,252 (2.4%) 10.5% Domestic 237,093 (5.5%) 12.6% Source : FIT; AIC Source : FIT; AIC www.PCSGH.com | IR@PCSGH.com 7
Slide 8: Sales Performance
Sales Performance Sales (mio.THB) Q-Q : 18.1% Y-Y : 16.2% PCF 0.6% PCD 34.1% 1,146.9 1,033.9 986.9 970.9 935.8 PCW 65.3% Q1.2017 Q2.2017 Q3.2017 Q4.2017 Q1.2018 www.PCSGH.com | IR@PCSGH.com 8
Slide 9: Distribution of Sales
Distribution of Sales Others GM 7.7% Mitsubishi 6.6% 24.7% Nissan 9.8% 4.8% 4.8% Toyota 10.0% Ford/Mazda 21.4% Isuzu 19.8% Non-Engine Non-Pickup www.PCSGH.com | IR@PCSGH.com 9
Slide 10: Gross Profit Margin
Gross Profit Margin GP Margin 19.0% 19.8% 22.0% Others 5.1% 6.2% 5.3% Supplies 7.6% 7.7% 6.7% 11.9% 9.6% 8.5% Depreciation Employee 14.4% 17.3% 15.7% Raw Material 42.1% 39.5% 41.8% Q1.2017 Q4.2017 Q1.2018 www.PCSGH.com | IR@PCSGH.com 10
Slide 11: Net Profit and EBITDA
Net Profit and EBITDA Net Profit (mio.THB) Y-Y : 33.1% EBITDA (mio.THB) Y-Y : 10.9% Q-Q : 25.8% Q-Q : 13.6% Margin : 17.3% Margin : 26.9% 312.3 200.5 281.7 275.0 150.6 159.3 Q1.2017 Q4.2017 Q1.2018 Q1.2017 Q4.2017 Q1.2018 www.PCSGH.com | IR@PCSGH.com 11
Slide 12: Financial Statement
Financial Statement Financial Position (mio.THB) Cash Flows (mio.THB) Liabilities Free Cash Flow 548.7 820.0 D/E Ratio Financing 0.10 x 0.4 Assets Investing Equities 5,820.1 932.9 5,271.4 Operating 255.4 Brought Forward 1,497.8 Cash in Cash out www.PCSGH.com | IR@PCSGH.com 12
Slide 13: Financial Ratio
Financial Ratio EPS (THB/Share) Y – Y : 73.1% Y – Y : 5.0% Y – Y : 5.4% Q – Q : 7.1% Q – Q : 0.5% Q – Q : 0.5% 12.6%12.1% 13.4%12.9% 0.45 0.42 8.0% 0.26 7.6% ROA ROE Q1.2018 Q4.2017 Q1.2017 Q1.2018 Q4.2017 Q1.2017 www.PCSGH.com | IR@PCSGH.com 13
Slide 14: Prepared Program
Prepared Program Awarded Program Life Application Starting Value (mio.THB) (years) 2018 Q1 1,200 4 – 8 Passenger, Non Auto 2018 Q2 400 4 – 8 Pickup, Passenger, Non Auto, Big Truck 2018 Q3 200 4 – 8 Passenger, Non Auto, Big Truck 2018 Q4 100 4 – 5 Passenger www.PCSGH.com | IR@PCSGH.com 14
Slide 15: New Awarded Program
New Awarded Program Awarded Program Life Application Disclosed Starting Value (years) (mio.THB) Electric Vehicle & others (Pickup, 2019 Q4 4,300 4–5 Passenger) 8th May 2018 2020 Q1 2,000 4 – 6 Electric Vehicle 22nd Nov 2017 www.PCSGH.com | IR@PCSGH.com 15
Slide 16: Solar Car Parks Project (3 MW dc.)
Solar Car Parks Project (3 MW dc.) • Project Owner: • PCD 2 MW dc. • PCF 1 MW dc. • Area : 30,240 m2 (18.9 Rai) • Parking Space : • 858 Cars • 770 Cars + 500 Bikes • Saving Target : 15.0 mio.THB / year • Budget : 75.0 mio.THB • Payback : 5 years • 1st Feeding : Q3.2018 www.PCSGH.com | IR@PCSGH.com 1
Slide 17: Oversea Investment Updates
Oversea Investment Updates Anticipated Synergy Creation All Assets are in Very Good Condition PCSGH and in use Ease to improve – Same Process (Precision Machining, Die Casting) High Potential Products (Parts of Turbo Charger / Super Charger) Located in the Center of Development PCSGH and Manufacturi
Slide 18: Thank You
Thank You www.PCSGH.com | IR@PCSGH.com 18
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