Thakral Corporation Ltd · SGX:AWI
Thakral — Corporate Update (April 2014)
65 slides from Thakral's corporate update, Apr 24, 2014
Slide 1: General Announcement: Presentation - Corporate Update
General Announcement::Presentation - Corporate Update Page 1 of 1 General Announcement::Presentation - Corporate Update Issuer & Securities Issuer/ Manager THAKRAL CORPORATION LTD Securities THAKRAL CORPORATION LTD - SG1C19013145 - T04 Announcement Details Announcement Title General Announcement Dat
Slide 2: Thakral Corporation Ltd Corporate Update
THAKRAL CORPORATION LTD CORPORATE UPDATE 24 APRIL 2014 THAKRAL
Slide 3: Presentation Outline
PRESENTATION OUTLINE LIFESTYLE DIVISION • Corporate Profile • Transformation from Distribution to Lifestyle Division • New Product Portfolio – LIFESTYLE, BEAUTY|HEALTH, ENVIRO|CARE and Interior Fittings & Finishes business • Channel Analysis • Marketing Capabilities • Future Plans and Prospects
Slide 4: Corporate Profile
CORPORATE PROFILE Listed on the SGX Mainboard since December 1995, Thakral Corporation Ltd is in distribution business as well as property & strategic investments. The Group invests in real estate and other investment opportunities which include financial instruments backed by property and in direct
Slide 5: Thakral Lifestyle
THAKRAL LIFESTYLE INVESTING IN INNOVATION INDERBETHAL SINGH THAKRAL Managing Director Distribution Business 4 THAKRAL
Slide 6: Market Focus
MARKET FOCUS Our Presence in Asia 5 THAKRAL
Slide 7: Refocussing on What's Important
REFOCUSSING ON WHAT’S IMPORTANT • LIFESTYLE | DIVISION • BEAUTY | HEALTH • ENVIRO | CARE 6 THAKRAL
Slide 8: What Is Lifestyle?
WHAT IS] LIFESTYLE? | TRENDS CONNECTIVITY. | TECH Weleoee friends SATISFACTION GULTURE OPE FASHION CULTURE FAMILY LEISURE POSITIVE Gadgets NEEDS ew ACCESSORIES WANTS | SHOPPING a | ENTERTAINMENT | 7 THAKRAL
Slide 9: Thakral Lifestyle
THAKRAL LIFESTYLE AFFLUENCE / LIFESTYLE Smartphones • Grow iPhones, iPads etc. • To add Samsung Mobile Accessories • Headphones, bags, etc. Fashion Audio Products Bose, Yamaha Wearable Technology 8 THAKRAL
Slide 10: Thakral Lifestyle
THAKRAL LIFESTYLE Wear it Move it Sync it Stem Pluck JOT SCRIPT Edition Pivot Power 9 THAKRAL
Slide 11: Enviro Care
ENVIRO CARE • Air Purifiers – Winia (Korea’s No. 1 brand with 50% market share in Korea) • Air purifier market is expected to double for the second consecutive year and the trend is expected to continue due to worsening air quality. Current market penetration of air purifiers is only 5%. • Car Filte
Slide 12: Enviro Care
ENVIRO CARE BEKO Roadshow @ COURTS SUNTEC CITY 11 THAKRAL
Slide 13: Enviro Care: Electronic Hub Timor-Leste
ENVIRO CARE Electronic Hub @ TIMOR-LESTE 12 THAKRAL
Slide 14: Enviro Care: Electronic Hub Cambodia
ENVIRO CARE Electronic Hub @ CAMBODIA 13 THAKRAL
Slide 15: Enviro Care: Electronic Hub Vietnam
ENVIRO CARE Electronic Hub @ VIETNAM (HO CHI MINH) 14 THAKRAL
Slide 16: Beauty Health
BEAUTY HEALTH Chinese Tourists purchasing in HK •Beauty & Health products, Skincare, Baby Care, etc. •Small appliances, personal items, etc. 15 THAKRAL
Slide 17: Beauty Health
416 “BEAUTY |. HEALTH @ ~ THAKRAL
Slide 18: Beauty Health: OTO Bodycare Bangladesh
BEAUTY HEALTH OTO Bodycare @ BANGLADESH 17 THAKRAL
Slide 19: Interior Fitting & Finishes
INTERIOR FITTING & FINISHES • Current Main Markets: Australia, Canada and India • Australia • Associated with leading property developers in Australia • We are working on a Project basis to supply high quality furnishing products • Products – Kitchen cabinets, Bathroom Fittings, Flooring, Carpets, L
Slide 20: Interior Fitting & Finishes
INTERIOR FITTING & FINISHES • India • SSTPL,100% subsidiary of Thakral Corporation Ltd • In the past 3 years, we have supplied our furnishing products to 7 leading Real Estate development companies furnishing over 10,000 apartments • We are the exclusive distributor for the “Robam Cooking Range”, a
Slide 21: Channel Analysis
CHANNEL ANALYSIS | i | i | | | | a i i ~ THAKRA\
Slide 22: Channel Structure: Hong Kong
CHANNEL STRUCTURE HONG KONG • Key Accounts (KA): All the major resellers • Trend Setting – Luxury Brands resellers – Ferragamo, Gucci, Tory Burch, etc. • APR’s • Retailers catering to Chinese Tourists – over 65 million Mainland Chinese visitors a year come to Hong Kong to shop • Most of the Major On
Slide 23: Channel Structure: Singapore
CHANNEL STRUCTURE SINGAPORE • Key Accounts (KA): COURTS, Mustafa and other major home appliance retailer • Trend Setting – Eco-friendly Home Kitchen Appliances for the mid-high income earner REGIONAL • Mongolia – Kitchen Art by MSBG (DIT Retail and distribution) • Timor-Leste – Electronic Hub (DIT R
Slide 24: Channel Structure: China
CHANNEL STRUCTURE CHINA Apple Premium Resellers (APR’s) • Currently dealing with 610 POS Nationwide • Key Accounts (KA): All the major resellers • Trend Setting – Luxury Brands Online Channel • KA: Amazon, JD.Com, Newegg, Suning, Tmall, Taobao, Yigo, Yihaodian, Yixun, etc. • Strong Visibility Po
Slide 25: Channel Structure: China
CHANNEL STRUCTURE CHINA 3C Stores • Currently have relationship with Suning, Gome, HTSP • Accepting of low to mid-range SRP’s • Larger national coverage Hypermarkets/Supermarkets • Walmart, Carrefour, Tesco, Staples, RT Mart, Lotus, Jusco, etc. • Price Sensitive • Competitive low end models Sp
Slide 26: Channel Structure: China
CHANNEL STRUCTURE CHINA (25%) (32%) (for some of our Lifestyle items - Approximate Sales) 25 THAKRAL
Slide 27: Marketing Campaigns
MARKETING CAMPAIGNS 26 THAKRAL
Slide 28: Winia Launch Event
WINIA LAUNCH EVENT 27 THAKRAL
Slide 29: Macworld Asia 2013
MACWORLD ASIA 2013 THAKRAL, SKULLCANDY, YAMAHA & LIQUID IMAGE BOOTH 28 THAKRAL
Slide 30: Thakral
29 THAKRAL
Slide 31: Thakral
30 THAKRAL
Slide 32: Lifestyle & Tech Magazines
LIFESTYLE & TECH MAGAZINES 31 THAKRAL
Slide 33: China: Power Digital Magazine
CHINA POWER DIGITAL Magazine 32 THAKRAL
Slide 34: China: Staples Magazine
CHINA STAPLES Magazine 33 THAKRAL
Slide 35: China
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Slide 36: Mongolia
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Slide 37: Singapore
FFOODJOURNAL ET VN Cosy interiors to soothe thesoul with muted. tones and neutral colours eur: agg vOCTLAIS HOME" Sgonyonver asta SPHCIAL* 214 COUDIE TRENDS _ SINGAPORE THAKRAL
Slide 38: Internet Advertising & Blogging
INTERNET ADVERTISING & BLOGGING 37 THAKRAL
Slide 39: China
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Slide 40: Onsite Advertising
ONSITE ADVERTISING 39 THAKRAL
Slide 41: China: Will's Gym
CHINA WILL’S GYM 28 cities nationwide 40 THAKRAL
Slide 42: China: University Roadshow
CHINA UNIVERSITY Roadshow 41 THAKRAL
Slide 43: China: University Roadshow
CHINA UNIVERSITY Roadshow 42 THAKRAL
Slide 44: China: University Roadshow
CHINA UNIVERSITY Roadshow 43 THAKRAL
Slide 45: Singapore: Beko Roadshow
SINGAPORE BEKO Roadshow @ Orchard Road 44 THAKRAL
Slide 46: Singapore: Beko Booth at Food Hotel Asia 2014
SINGAPORE BEKO Booth @ Food Hotel Asia 2014 45 THAKRAL
Slide 47: Mongolia: Daewoo Roadshow
MONGOLIA DAEWOO Roadshow 46 THAKRAL
Slide 48: Timor-Leste: Electronic Hub Roadshow
TIMOR-LESTE Electronic Hub Roadshow 47 THAKRAL
Slide 49: Future Plans
FUTURE PLANS Add more brands and grow our product lines for LIFESTYLE BEAUTY|HEALTH ENVIRO|CARE Increase presence to cover 300 cities in Asia (presently covering 120 cities) Strengthen our sales & marketing ability to be able to “launch to market” a new Brand or product and bring it to success
Slide 50: Investment Division
THAKRAL CORPORATION LTD INVESTMENT DIVISION Jaginder Singh Pasricha Managing Director Investments & Corporate 49
Slide 51: Investment Division's Overview
Investment Division’s Overview Our Investment Division has been delivering strong contributions to the Group. Since 2011, the division has contributed total revenue of S$32.6 million and segmental profit of S$19.5 million. Since 2011, the Investment Division has invested more than A$133 million
Slide 52: Positive Returns
Positive Returns FromFY2011 to FY2013, the Investment Division achieved CAGR (compound annual growth rate) of 18.9% for its revenue and CAGR of 30.0% for its segmental profit. As at end of FY2013, the total cash invested by the Group in projects in Australia is about S$34.2 million. Average retu
Slide 53: Australia's Property/Real Estate Sector
Australia’s Property/Real Estate Sector During 2013, Australia’s housing market saw its strongest performance over the past four years. House prices in the country’s eight major cities rose by 9.48% during 2013, up from a year-on-year increase of 2.61% in 2012, based on figures released by the Aus
Slide 54: Completed and On-going Projects
Completed and On-going Projects Starting date: Starting date: Starting date: Starting date: April 2011 December 2011 March 2012 September 2012 Australia Towers Stage 1 Emerant Lane The Quays/Harbour One GLNG Housing Project Sydney Sydney Melbourne Gladstone QLD End value A$140 million End value A$56
Slide 55: New Projects
New Projects Currently in documentation for several high density residential projects in Sydney and Brisbane under which capital to be committed by the Group is expected to be significant. Other projects in Melbourne and Sydney are in due diligence. Announcements will be made when legal docume
Slide 56: Future Strategies
Future Strategies The Investment Division is developing additional business platforms whilst enhancing its current core business which focuses on residential projects in Australia. Our four pillar strategy is to: 1) diversify the asset classes for investment; e.g. retail, hotel, industrial and
Slide 57: Financial Performance
FINANCIAL PERFORMANCE ANIL MOOLCHAND DARYANANI Chief Financial Officer Thakral Corporation Ltd 56 THAKRAL
Slide 58: Financial Snapshot (FY2013 vs FY2012)
FINANCIAL SNAPSHOT (FY2013 vs FY2012) FY2013 FY2012 Change Revenue (S$ million) 413.1 309.3 +34% Gross Profit (S$ million) 25.9 22.1 +17% Gross Margin (%) 6.3 7.1 -0.8 Net Profit (S$ million)* 0.01 16.8 NM (Including exceptional item) Net Attributable Profit (S$ million)* -0.1 1.2 # NM (Excluding ex
Slide 59: Financial Snapshot (4QFY13 vs 4QFY12)
FINANCIAL SNAPSHOT (4QFY13 vs 4QFY12) 4QFY13 4QFY12 Change Revenue (S$ million) 124.7 83.5 +49% Gross Profit (S$ million) 7.9 4.9 +62% Gross Margin (%) 6.3 5.8 +0.5 Net Attributable Profit (S$ million)* 1.4 3.9 -63% Net Margin (%)* 1.1 4.7 -3.6 Earnings Per Share (EPS, cent)* 0.05 0.15 -66.7% Net As
Slide 60: Financial Snapshot (4QFY13 vs 3QFY13)
FINANCIAL SNAPSHOT (4QFY13 vs 3QFY13) 4QFY13 3QFY13 Change Revenue (S$ million) 124.7 107.7 +16% Gross Profit (S$ million) 7.9 6.2 +28% Gross Margin (%) 6.3 5.7 +0.5 Net Attributable Profit (S$ million) 1.4* -1.1 NM Net Margin (%) 1.1* NM NM Earnings Per Share (EPS, cent) 0.05* -0.04 NM Net Asset Va
Slide 61: Financial Snapshot: Contribution to Group Gross Profit
FINANCIAL SNAPSHOT Contribution to Group Gross Profit – FY2012 Contribution to Group Gross Profit – FY2013 60 THAKRAL
Slide 62: Working Capital Cycle
WORKING CAPITAL CYCLE Inventory days and accounts receivables days over the past financial year: Inventory Days for the quarters 1QFY13 49 2QFY13 46 3QFY13 37 4QFY13 29 Accounts Receivables Days for the quarters 1QFY13 28 2QFY13 22 3QFY13 20 4QFY13 19 61 THAKRAL
Slide 63: Key Ratios
KEY RATIOS Current Ratio As at March 2013 1.71 As at June 2013 1.72 As at September 2013 1.62 As at December 2013 1.34 Quick Ratio As at March 2013 1.09 As at June 2013 1.13 As at September 2013 1.12 As at December 2013 1.01 Cash & Bank Balances (S$ million) As at March 2013 48.4 As at June 2013 47.
Slide 64: Overall Outlook for FY2014
OVERALL OUTLOOK FOR FY2014 Embark on fresh growth plans for both of our divisions to bring positive returns to shareholders. Repositioning of Distribution Division to focus on lifestyle and environmental related products is expected to deliver positive results in the coming years. The Investme
Slide 65: Thank You
THANK YOU For further enquiries, please contact: THAKRAL CORPORATION LTD Ms Stephanie Tay E: stephanie.tay@thakralcorp.com.sg. T: (65) 6336 8966 W: www.thakralcorp.com STRATAGEM CONSULTANTS PTE LTD Ms Tham Moon Yee E: tmy@stratagemconsultants.com Mr Lee Yew Meng E: yewmeng@stratagemconsultants.com