Thaifoods Group Public Co. Ltd. · SET:TFG
Thaifoods Group Public — Investor Presentation (December 2015)
17 slides from Thaifoods Group Public's investor presentation, Dec 15, 2015
Slide 1: Thai Foods Group Opportunity Day
Thai Foods Group OPPORTUNITY DAY 15 December 2015
Slide 2: Disclaimer
Disclaimer The information contained in this presentation (the “Analyst Presentation”) is for information purposes only, and does not constitute or form part of any offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for, or any offer to underwrite or o
Slide 3: Agenda
Agenda Business Overview Financial Highlights Future Plan Q&A 2
Slide 4: Business Overview
Section 1 Business Overview
Slide 5: TFG Profile
TFG Profile Symbol TFG Industry/ Sector Agro & Food Industry / Food & Beverage Share Outstanding 5,100.00 million share @ THB 1.00 per share Closed Price THB 1.51 per share (14/12/2015) Market Cap. THB 7,701.00 million % Free Float 20.27% Dividend Policy Not less than 50.00% of net profits of Compan
Slide 6: Our history and major milestones
Our history and major milestones Established Vietnam swine operations and Kick-start export of chicken commenced operations of first grandparent pig farm meat to Japan and Europe in Vietnam with a capacity of 700 pigs and first parent and domestic sales of chicken pig farm in Vietnam with a capacity
Slide 7: Overview of corporate structure
Overview of corporate structure Production and selling of chickens, pigs and animal feed Poultry Swine Animal Feed Others 100% 100% 100% 100% Thai Foods Poultry Farm Thai Foods Swine Farm 2013/ Thai Foods Feed Mills 2011/ Thai Foods Research 2012/ 2011 Co., Ltd. Co., Ltd. 2012 Co., Ltd. 2005 Center
Slide 8: Vertical Integrated Business Model
Vertical Integrated Business Model Poultry industry production value chain Fresh meat Grandparent Breeder farms Hatcheries Broiler farms Slaughterhouse Distribution stock farms Processed meat Stages of the production value chain which TFG is presently involved in Stages of the production value chain
Slide 9: Financial Highlights
Section 2 Financial Highlights
Slide 10: Summary of financial performance
Summary of financial performance Consolidated revenue (THB million) EBITDA (THB million) 2011 - 2014 CAGR: 17,067 EBITDA 11% (11)% 12% 10% (7)% (5)% (2)% - Total: 34% margin (%) 29 1,874 - Poultry: 42% 15,770 1,767 1,105 6% - Swine: 54% 36 - Feed: (15%) 9% - Others: n/a 1,381 3,568 803 21% 2,751 17%
Slide 11: Sales & Gross Profit by Business
Sales & Gross Profit by Business YoY Comparison (THB million) QoQ Comparison (THB million) 4,942 4,942 4,662 4,026 4,073 3,165 3,422 3,165 2,565 2,770 1,372 1,372 1,044 953 988 417 406 287 406 315 Poultry Swine Feed & Other Total Poultry Swine Feed & Other Total 3Q2014 3Q2015 1Q2015 2Q2015 3Q2015 GP
Slide 12: EBITDA Level
EBITDA Level EBITDA 2Q2015 vs. EBITDA 3Q2015 (THB million) 101 ( 69) (217) 21 24 32 (94) 14 EBITDA Poultry Swine Feed & Other Other SG&A Depreciation EBITDA 2Q2015 Operation Operation Operation Revenue & 3Q2015 Amortization EBITDA 3Q2015 after adjustment (THB million) EBITDA 3Q2015 after adjustment
Slide 13: Financial Status
Financial Status Net Debt/ Equity(*) Interest Bearing Debt : THB 8,718.9 million 3.0x 2.9x Current portion of Long long term loans, term 5.7% loans, 7.9% 2.3x 1.8x 1.5x 1.1x Bank overdrafts and short term loans, 86.4% 2011 2012 2013 2014 9M-2015 Post IPO Remark: (*) Net Debt = Debt – Cash and cash e
Slide 14: Future Plan
Section 3 Future Plan
Slide 15: Capital expenditure
Capital expenditure Historical and planned capital expenditure (THB Million) • 1 chicken slaughterhouse • Completion of feed mill • Completion of chicken slaughterhouse • 7 breeder chicken farms • 3 breeder chicken farms • Completion of 1 breeder chicken • 3 hatcheries • 1 hatchery farm and 1 hatche
Slide 16: Key Drivers
Key Drivers Capture export opportunities through direct and alliances Efficient asset utilization to support future growth On-going cost reduction through extensive in-house research & development efforts Enter into processed food to enable higher margins and greater product diversification 15
Slide 17: Q&A
Q&A
Thaifoods Group Public Company — Investor Presentation (December 2015) on 6ix