Siam Global House Public Co., Ltd. · SET:GLOBAL
Siam Global House Public — Q1 2013 Earnings Presentation
16 slides from Siam Global House Public's earnings presentation, Apr 25, 2013
Slide 1: All Inclusive For Your House: Analyst conference Q1/2013
All Inclusive For Your House Analyst conference Q1/2013 April 25, 2013 1
Slide 2: Financial updates, Business updates
• Financial updates • Business updates 2 2
Slide 3: Revenue increased 46% y-o-y, and 22% q-o-q while gross margin increased to 15.5%
Revenue increased 46% y-o-y, and 22% q-o-q while gross margin increased to 15.5% Revenue from sales MB Other incomes 4,000 18.0% 3,722 Gross margin 110 3,038 3,000 2,835 94 2,681 2,544 95 83 15.5% 16.0% 44 15.3% 15.0% 15.0% 2,000 14.7% 3,612 2,598 2,740 14.0% 2,499 2,945 1,000 - 12.0% Q1/12 Q2/12 Q3
Slide 4: % of SG&A on total revenue dropped to 7.9%
% of SG&A on total revenue dropped to 7.9% SG&A MB % of SG&A on total revenue 400 9.3% 10.0% 9.1% 8.4% 7.9% 7.7% 300 7.5% 200 5.0% 282 295 243 238 100 195 2.5% 0 0.0% Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 4
Slide 5: EBITDA increased 61% y-o-y and 39% q-o-q
EBITDA increased 61% y-o-y and 39% q-o-q EBITDA MB EBITDA margin 600 16.0% 11.7% 12.4% 11.4% 10.9% 11.3% 12.0% 400 8.0% 461 200 332 333 287 305 4.0% 0 0.0% Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 5
Slide 6: Profit for the period increased 113% y-o-y and 73% q-o-q
Profit for the period increased 113% y-o-y and 73% q-o-q Profit for the period MB Profit margin 400 10.0% 7.9% 7.5% 5.6% 5.4% 5.4% 5.5% 200 5.0% 295 2.5% 156 171 138 144 0 0.0% Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 6
Slide 7: Net debt/EBITDA
Net debt/EBITDA Net debt MB x Net debt/EBITDA (Trailing twelve months for Q1/13) 4,000 4.0 3,000 2.7 3.0 2.4 2.1 2,000 2.0 2,460 1,000 0.62 1.0 1,930 1,296 0.1 142 894 0 0.0 2009 2010 2011 2012 Q1/13 7
Slide 8: Interest coverage and net gearing ratio
Interest coverage and net gearing ratio Interest coverage (EBITDA/Interest expense X Net gearing (Net debt/Equity) 75 65.0 60 45 30 13.4 15 7.5 7.1 6.5 0.0 0.1 0.6 0.7 0.8 0 Q1/12 Q2/12 Q3/12 Q4/12 Q1/13 8
Slide 9: Financial updates, Business updates
• Financial updates • Business updates 9
Slide 10: Timeline
Timeline 2006 2007 2008 2009 2010 2011 2012 Q1/2013 Sales area 86,125 110,607 160,342 182,477 248,487 304,661 481,556 500,846 (sq.m.) 10
Slide 11: Network in Thailand
Network in Thailand # of Branch Chiang Rai Mae Hong Son Phayao Chiangmai Nan Lampang Bueng Kan Phrae Nong Khai Lamphun Uttaradit Loei Udon Sakon Nong Thani Nakhon Nakhon Bua Lam Phu Phanom Tak Sukhothai Phitsanulok Khon Kaen Kalasin Chumphon Mukdahan Phichit Phetcha Kamphaeng bun Phet Roi Et Chaiyap
Slide 12: Future expansion
Future expansion Chiang Rai Mae Hong Plan (H1/2013) Son Phayao Chiangmai Nan • Execute a focused Lampang Phrae Bueng Kan store roll-out strategy Nong Khai Lamphun Uttaradit prioritizing Northeast Loei Nong Udon Thani Sakon Nakhon Nakhon fortification Bua Lam Phu Phanom Tak Sukhothai Phitsanulok Khon
Slide 13: Distribution center
Distribution center Location: on Phaholyothin rd. in Ayuthaya : near outer ring road Plan: 1 location to serve all stores in Thailand Distribution Center 13
Slide 14: Logistics model
Logistics model Direct shipment Via distribution center Store Domestic manuf. Domestic manuf. Domestic manuf. Distribution Center Store & Cross dock Domestic manuf. Store Store Store Import Others (manufacturers) Global House logistics flow 14
Slide 15: Outlook
Outlook • Growth from shift in consumer behavior • Solid financial position to support new store expansion • New store opening of 12 – 15 branches per year • Margin improvement from house brands, sourcing and economy of scale 15
Slide 16: Thank you
Thank you 16 16 16
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