P.C.S. Machine Group Holding Public Company Ltd · SET:PCSGH
P.C.S. Machine Group Holding Public — FY2022 Earnings Presentation
33 slides from P.C.S. Machine Group Holding Public's earnings presentation, Mar 3, 2023
Slide 1: SET Opportunity Day: Year 2022
PCSGH SET Opportunity Day : Year 2022 3 March 2023
Slide 2: Company Structure
Company Structure nsounsosulseuiaen 79.86 % Ufofusiwdes 20.14 % uSGn W.5.10a. nutu ngU loatiy dia (uniwu) (PCSGH) P.C.S. Machine Group Holding GmbH 100 % P.S.S. Precision Works Hungary K%. (PWK) 100 % P.C.S. Machine Group Holding Hungary Kft. P.C.S. Precision Works P.C.S. Precision Works Germany Gmb
Slide 3: Global Locations
Global Locations Country Country PWG : Cunewalde PCSGH :Thailand Germany 03 04 02 Country 01 Country PWG : Hennef Germany PWK : Hungary P.C.S. Machine Group P.C.S. Precision Works P.C.S. Precision Works P.C.S. Precision Works Kft. Holding PCL (Thailand) Germany GmbH. (PWG) Hennef GmbH. (PWH) (PWK) T
Slide 4: P.C.S. Machine Group Holding PCL - Factory 1
P.C.S. Machine Group Holding PCL Nakorn-Rajchasima, Thailand (Factory 1) General Profile Manufacturing Focus Precision Machines • Machining Cast and Forged Turning Center Parts (Steel/Iron) 250 Units Machine Center 250 Units Employees: 2,000 Grinding Machine 88 Units Area: 116,000 m² Gear Generator
Slide 5: P.C.S. Machine Group Holding PCL - Factory 2
P.C.S. Machine Group Holding PCL Nakorn-Rajchasima, Thailand (Factory 2) General Profile Manufacturing Focus HPDC Machines • Aluminium Parts (0.1 kg-20 kg) 2,500 Ton 6 Units 1,850 Ton 1 Units Area: 36,912 m² 1,650 Ton 1 Units Key Products 900 Ton 7 Units • Timing Gear Housing 560 Ton 2 Units • Front
Slide 6: P.C.S. Machine Group Holding PCL - Factory 3
P.C.S. Machine Group Holding PCL Nakorn-Rajchasima, Thailand (Factory 3) General Profile Manufacturing Focus Hot Forging Machines • Hot Forged Steel & Aluminium Parts (0.1kg-30kg) 6,000 Ton 1 Unit 4,000 Ton 1 Unit Area: 28,240 m² 2,500 Ton 2 Units Key Products 1,600 Ton 2 Units • Common Rail 1,000 T
Slide 7: Thailand Car Production Volume
Thailand Car Production Volume Total Car Production By Quarter (1,000 Unit) 2200 2,014 2000 1,884 One-Ton/PPV Passenger Other 1800 1,686 800 Covid-19 Covid-19 1600 795 1,427 588 1400 600 561 481 504 507 474 480 494 519 1200 523 441 454 465 466 1000 223 379 367 390 181 400 202 198 356 135 152 800 172
Slide 8: Financial Highlights
Financial Highlights Changes Description YEAR 2022 YEAR 2021 YoY(%) Sales Revenue 4,217.2 3,875.6 8.8% - Local Business 3,913.6 3,512.0 11.4% - Overseas Business 303.6 363.6 (16.5%) Total Revenue 4,411.7 4,089.3 7.9% Cost of Goods Sold 3,280.7 2,990.0 9.7% Ratio to Sales 77.8% 77.1% - Local Business
Slide 9: Financial Highlights
Financial Highlights YEAR YEAR Changes Description 2022 2021 YoY(%) SG&A 398.4 411.5 (3.2%) - Local Business 223.3 211.2 5.7% - Overseas Business 175.1 200.3 (12.6%) Net Profit 664.1 503.7 31.8% Ratio to Sales 12.3% 12.3% - Local Business 786.1 689.8 14.0% Ratio to Sales 20.1% 19.6% - Overseas Busin
Slide 10: Sales Revenue
Sales Revenue Sales Revenue by Quarter Sales Revenue (Year) (THB Million) 1800 1500 6000 6000 1,262 5,231 1300 1,141 1,137 5000 1661 5000 1300 1,041 1,024 1,062 4,217 325 994 1100 3,876 289 90 4000 303 4000 59 3,101 364 207 68 87 900 3914 800 3000 3570 3512 3000 670 1048 1003 700 937 852 834 888 926
Slide 11: Cost of Goods Sold
Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold Ratio to Sales (Amount) by Quarter Ratio to Sales (Amount) Year 79% 78% 79% 78% 77% 6000 86% 0.9 77% 76% 0.8 84% 0.85 1500 72% 0.75 5000 78% 4,479 77% 0.8 0.7 993 4000 0.75 1000 884 822 730 790 780 795 0.65 1,610 3,281 0.7 294 313 99 76 2,990
Slide 12: Gross Profit
Gross Profit Gross Profit by Quarter Gross Profit (Year) (THB Million) (THB Million) 28% 500 0.3 24% 1900 0.25 22% 22% 22% 23% 400 21% 22% 23% 22% 251 0.2 300 269 254 1400 16% 219 240 30 10 213 229 14% 119 0.15 200 886 937 0.1 263 900 753 238 230 241 233 257 0.1 100 187 217 51 500 0.05 400 17 897 97
Slide 13: Sale and Administration
Sale and Administration Sale and Administration exp. Sale and Administration exp. Ratio to Sales (Amount) by Quarter Ratio to Sales (Amount) Year 12% 200 0.12 11% 10% 800 9% 10% 0.12 10% 9% 9% 9% 9% 0.1 9% 9% 150 124 600 0.08 110 109 481 106 411 96 92 91 398 100 0.06 400 350 62 37 67 58 300 200 175
Slide 14: EBITDA
EBITDA EBITDA by Quarters EBITDA by Year Ratio to Sales (%) Ratio to Sales (%) 600 68% 80% 60% 500 33% 40% 2000 28% 30% 26% 27% 25% 24% 27% 400 20% 25% 20% 270 274 297 306 252 276 1500 300 256 250 6.2 0% 19% 62 18% 1,093 1,089 200 -20% 969 1000 287 298 310 305 284 301 733 279 -40% 100 235 1130 1168.
Slide 15: Net Profit
Net Profit by Year (THB Million) Net Profit Local Oversea 664 700 950 503 750 Net Profit by Quarter 786 500 253 690 (THB Million) 550 574 300 350 81 400 250 211 211 340 75 150 100 174 200 300 158 147 148 -50 -69 -103 120 150 -190 -174 -118 25.2 -19 -100 200 38 35 1 14 -250 52 100 -309 100 194 204 18
Slide 16: Financial Ratios
Financial Ratios Return on Equity (ROE) Return on Asset (ROA) 14.0% 15.0% 11.4% 12.7% 15.0% 10.8% 10.0% 10.0% 5.3% 5.3% 5.0% 1.5% 5.0% 1.2% 0.0% 0.0% YEAR 20 YEAR 19 YEAR 21 YEAR 2022 YEAR 19 YEAR 20 YEAR 21 YEAR 22 Earning per Share (EPS) Debt/Equity Ratio (D/E) EPS D/E 0.5 0.435 0.4 0.331 0.3 0.21
Slide 17: Balance Sheet & CF Statement
Balance Sheet & CF Statement Statement of Financial Position Cash Flow Statement Year 2022 Year 2022 (THB Million) (THB Million) Ratio Liabilities to Equity : 0.20 Investing Operating 877 1,133 Liabilities 965 Financing Assets 507 5,827 Shareholders'equity Cash Equivalents 1,029 Cash on hand 4,861 7
Slide 18: Solar Energy Project
Solar Energy Project (Factory Building & Car Park : 8 MWdc.) Electric Power Production and Electricity Saving (THB million) (Gigawatt hours) 12 44.4 42.2 39.7 37.4 40 Y2022 10 27.8 28.3 4.00 4.02 30 8 17.4 3.72 3.84 20 Total Electric Power Production 6 4 6.70 6.80 6.80 6.27 5.92 10 0 9.10 kWh. 2 4.2
Slide 19: Dividend Payments
Dividend Payments Dividend Payments (THB per Share) DPS % • Dividend Policy at a minimum rate of 50% of net profit after tax and legal 0.80 184 200 180 reserve 160 • Dividend paid from the operating result 0.60 for 1H-2022 at THB 0.15 per share in 140 120 Sep 2022 97.71 92.79 0.40 92.02 90.37 79.2 1
Slide 20: Continuing on PCSGH 5-Year Master Plan: Electrical Vehicles (EV)
Continuing on PCSGH 5-Year Master Plan Sales & Marketing Plan Electrical Vehicles (EV) 1 One main electronic related manufacturer is a high potential customer for EV business which PCSGH has secured with many projects currently and in the near future 2 Long-term Japanese customers as well as value c
Slide 21: Continuing on PCSGH 5-Year Master Plan: Non Vehicles
Continuing on PCSGH 5-Year Master Plan 3 • Triumph Non Vehicles : Big Bike / Others • Ducati • Harley Davidson • Bernina 4 Gradually cancellation of production without new project Low Value ICE
Slide 22: Production Efficiency Improvement
Production Efficiency Improvement 1 Smart Factory 2 Production Automation : Robots 3 - During architectural design and tooling Real-Time Planning and Control 4 Real-Time Quality Control
Slide 23: Working Efficiency Improvement
Working Efficiency Improvement 1 ERP Improvement 2 Sub-ERP Development 3 IT Infrastructure and Smart-Office)
Slide 24: Sales & Marketing Plan
Sales & Marketing Plan 1. EV Market 2. Premium Market for ICE 3. Projects during negotiations Total value up to 371 MBt
Slide 25: High Value Project with Existing Customers
High Value Project with Existing Customers PCSGH continuously gains customers’ trust and come up with receiving awards as following; EV Projects : Total program value roughly 1,142 MB Automotive Projects : Total program value approx. 208 MB Potential Project Under Negotiations Under Program Va
Slide 26: Efficiency Improvement Plan
Efficiency Improvement Plan 1. Smart Factory 2. Factory Automation Smart Factory 3. IT Infrastructure 4. Digitalized Quality Improvement Control
Slide 27: 1. Smart Factory
27 1. Smart Factory Year 2023 - 2024: Smart Factory Implementation Plan Real time production efficiency monitoring @ Factory 1 Engine parts production Differential case production Real time production efficiency monitoring @ Factory 2 Machining production Case timing gear production Ca
Slide 28: 2. Factory Automation
2. Factory Automation Progress 2022 Q1 – 10 set Automation Improvement Plan 2023-2024 Q2 – 13 set Q3 – 7 set 30 set Q4 – 15 set Y2022 Target 45 set Auto-measuring equipment 20 Units Install new work-stocker of Automation plan 2020 - 2024 die-casting machines (900T, 1000T, 2500T) for defect 50 45 4
Slide 29: 3. IT Infrastructure Improvement
3. IT Infrastructure Improvement 2020 2021 2022 2023 2024 2025 • CO-PA Project SUB-ERP Finish • Project CO-PA • SUB-ERP - Interface with Mobile • SSCAD Aub-ERP • CO-PA (Finish 90%) (Finish 100%) • Extend Disk & Tablet • SYSTEM • Backup System • Project SUB- System SAP - Sub-ERP for • SCADA (Finish 1
Slide 30: 4. Digitalize Quality Control
4. Digitalize Quality Control Year 2023: Smart Factory Implementation Plan Input 1. Inspection data integration from LIS and FIS 2. Digitized inspection data from analog data. Inspection data to be kept to server by without manual input. DX: digital transformation Cable condition ex. CMM , 3D sc
Slide 31: Plan for Overseas Business
Plan for Overseas Business 1. Unused Assets Sales Unused assets under overseas subsidiaries, i.e. P.C.S. Machine Group Holding Hungary, P.C.S. Precision Works Hungary and P.C.S. Precision Works Hennef, were considered to sell 2. Restructuring P.C.S. Precision Works Germany @ Cunewalde - Reduction of
Slide 32: Q&A Session
PCSGH 4 a , By: 1 ve Session i e WORLD CLASS MANUFACTURING
Slide 33: Thank you
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P.C.S. Machine Group Holding Public Company — FY2022 Earnings Presentation on 6ix