Inoue Rubber (thailand) Public Co. Ltd. · SET:IRC
Inoue Rubber (thailand) Public — Q1 FY2023 Earnings Presentation
17 slides from Inoue Rubber (thailand) Public's earnings presentation, Feb 16, 2023
Slide 1: Analyst Meeting: IRC Performance Q1/FY2023
ANALYST MEETING IRC PERFORMANCE Q1/FY2023 February 16, 2022
Slide 2: Disclaimer
Disclaimer The information contained in this presentation has been prepared by Inoue Rubber (Thailand) Public Company Limited (“IRC”) to reflect the company’s activities at the date of this presentation or the date on which such information is given. The information in this presentation is provided
Slide 3: Agenda
AGENDA 01 Intro & Industry Outlook 02 IRC Performance 03 Outlook
Slide 4: Shareholding Structure
Shareholding Structure บจ. อีโนเว รับเบอร์ (ประเทศญี่ปุ่น)1 กลุ่มครอบครัวลี้อิสสระนุกูล2 ผู้ถือหุ้นอื่นๆ 35.69% 39.51% 24.80% บริษัท อีโนเว รับเบอร์ (ประเทศไทย) จากัด (มหาชน) 8.00% 99.99% 99.99% บจ. อีโนเว รับเบอร์ เวียดนาม บจ. ไออาร์ซี (เอเซีย) รีเสิร์ช บจ. คินโนะ โฮชิ เอ็นจิเนียริ่ง ข้อมูล ณ วันที
Slide 5: Our Products (Rangsit Plant)
Our Products (Rangsit Plant)
Slide 6: Our Products (Wang Noi Plant)
Our Products (Wang Noi Plant) Automotive Part Other Industries High precision function part Housing Gasket SCG-Sekisui Customers Customers
Slide 7: Industry Outlook: Thailand's Automobile Industry
Industry Outlook: Thailand’s Automobile Industry 2nd wave of Covid-19 in Lockdown in 1st local Omicron Use of face mask is End of COVID Thailand 13 red zone province case voluntary emergency decree Domestic Sales Export Production 600,000 519,478 473,759 480,078 493,926 464,687 465,833 378,768 390,0
Slide 8: Industry Outlook: Thailand's Motorcycle Industry
Industry Outlook: Thailand’s Motorcycle Industry 2nd wave of Covid-19 in Lockdown in 1st local Omicron Use of face mask is End of COVID Thailand 13 red zone province case voluntary emergency decree Domestic Sales Export Production 600,000 540,327 541,158 501,304 516,360 501,160 488,908 489,238 445,2
Slide 9: IRCT Sales by business unit
IRCT Sales by business unit Million Baht Industrial Elastomer Parts Motorcycle Tires and Tubes 1,800 Tire&Tube 1,567.83 1,600 1,524.30 -0.40% QoQ 1,463.30 1,415.26 1,402.70 1,386.77 1,400 1,328.94 1,297.93 +7.05% YoY 1,253.46 1,200 689.81 663.57 596.40 617.40 660.90 Industrial Elastomer Parts 615.00
Slide 10: Distribution Channel (Tire and Tube) – Q1/FY2023
Distribution Channel (Tire and Tube) – Q1/FY2023 Q4/FY2022 43.51 MB +7.05% YoY 2.67 MB -0.40% QoQ Q1/2023 Q1/2022 Q4/2022 +10.15% QoQ Export OEM -10.90% YoY Market 26% -22.81% QoQ 46% -6.13% YoY Export Market OEM Export Market OEM 34% 41% 38% 30% Asian Inoue Rubber PTE LTD. 237.59 182.44 273.56 221.
Slide 11: Distribution Channel (IED) – Q1/FY2023
Distribution Channel (IED) – Q1/FY2023 17.1 Million Baht +2.18% YoY 58.33 Million Baht -6.78% QoQ Q1/2023 Q1/2022 Other Q4/2022 Industries OEM 41% 4W&4W+ OEM 47% Other Industries Other 331.98 373.49 OEM 4W&4W+ -8.99% QoQ 42% Industries 48% -5.49% QoQ 4W&4W+ +5.25% YoY 46% 40% 273.02 315.42 323.76 37
Slide 12: Total Revenue Q1/FY2023
Total Revenue Q1/FY2023 (Consolidated) Million Baht Changed Changed Q1/FY2022 Q4/FY2022 Q1/FY2023 %QoQ %YoY QoQ YoY 1,417.42 1,541.32 1,474.93 -66.39 -4.31% 57.51 4.06% Total Revenue 1,282.35 1,420.16 1,361.20 -58.96 -4.15% 78.85 6.15% Total COGS 90.47% 92.14% 92.29% % to total revenue 103.23 87.57
Slide 13: Balance Sheet
Balance Sheet (Consolidated) (Million Baht) 6,000 -1.69% 5,289 5,272 5,183 5,000 +0.47% 3,917 3,832 3,850 4,000 3,000 -7.43% 2,000 1,372 1,440 1,333 1,000 0 Total Assets Total Liabilities Total Shareholders' Equity 31-Dec-2021 30-Sep-2022 31-Dec-2022
Slide 14: Statement of Cash Flow
Statement of Cash Flow (Consolidated) Statement of Cash Flow (Million Baht) 31-Dec-2022 30-Dec-2021 Change %Change CF from Operating Activities -28.96 -36.42 7.47 -20.49% CF from Investing Activities -51.94 -58.41 6.47 -11.08% CF from Financing Activities - - - - Net Decrease in Cash -80.90 -94.84 1
Slide 15: Financial Ratio Highlight
Financial Ratio Highlight Net Profit Gross Profit Margin EBIT Margin Net Profit Margin % Million Baht 19.00% 16.99% 150 17.00% 16.02% 130 15.00% 131.89 110.70 13.00% 110 11.60% 11.69% 10.82% 11.00% 10.08% 90 8.60% 8.82% 9.00% 64.15 7.86% 9.32% 70 9.12% 57.70 7.00% 7.00% 5.83% 5.43% 50 39.75 5.00% 4.
Slide 16: IRCT Outlook
IRCT Outlook Maintain sales growth following automotive industry Concern on: Purchasing power (EXPORT, REPLACEMENT and OEM’s customer) High price raw material stock remain until end February (EST.) Baht fluctuation (Direct Export = 18% of Total Sales) Higher electricity cost (increase 5%) Di
Slide 17: Q&A Contact: Investor Relations
Q&A Contact: Investor Relations Email: ir@ircthailand.com Tel: +66 2996-0890 (Ext.170) Website: www.ircthailand.com Facebook.com/IRCthailand Disclaimer: The information contained in this presentation has been prepared by Inoue Rubber (Thailand) Public Company Limited (“IRC”) to reflect the company’s
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