SNC Former Public Co., Ltd. · SET:SNC
SNC Former Public — SNC Former — Q1 2007 Earnings Presentation
69 slides from SNC Former Public's earnings presentation, May 14, 2007
Slide 1: The Opportunity Day
FORMER PLC. THE OPPORTUNITY DAY @ Stock Exchange of Thailand May 14, 2007
Slide 2: Agenda
AGENDA HIGHLIGHT SUMMARY OF Q1/2007 OVERVIEW OF THE INDUSTRIES FINANCIAL PERFORMANCE Q1/2007 PROGRESS OF SPEC BUSINESS PLAN 2007 QUESTION & ANSWER THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 3: Highlights of the Year Q1/2007
Highlights of the Year Q1/2007 ACTUAL SALES Q1/2007 797 MILLION THB (49%INCREASED FROM Q1/2006) •AUTOMOBILE PARTS 107 MILLION THB (14% INCREASED FROM Q1/2006) •AIR-CONDITIONING PARTS 534 MILLION THB (46% INCREASED FROM Q1/2006) •COMPRESSOR PARTS 66 MILLION THB (46% INCREASED FROM Q1/2006) •METAL SHE
Slide 4: Overview of the Industries (2004-2007)
OVERVIEW OF THE INDUSTRIES (2004-2007) AUTOMOBILE AIR-CONDITIONER COMPRESSOR REFRIGERATOR LAUNDRY MACHINE
Slide 5: Automobile Assembly & Sales (2004-2007)
AUTOMOBILE ASSEMBLY & SALES (2004-2007) UNIT : 1,000 CARS Assembly sales 1,400 1,176 1,200 1,125 +4% +21% 1,000 928 800 703 -3% 682 626 +12% 600 400 293 200 138 0 2004 2005 2006 Q1-2007 YEAR THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 6: Export Cars and Automotive Parts (2004-2007)
EXPORT CARS AND AUTOMOTIVE PARTS (2004-2007) UNIT : MILLION BAHT 400,000 342,979 350,000 +15% 294,260 300,000 +29% 250,000 202,079 200,000 150,000 103,789 100,000 50,000 0 2004 2005 2006 2007-Q1 YEAR THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 7: Air-Conditioner Manufacturing & Export (2004-2007)
AIR-CONDITIONER MANUFACTURING & EXPORT (2004-2007) UNIT : 1,000 UNIT 9,000 Manufacturing Export 8,000 7,554 -3% 7,404 -5% 7,038 6,903 -6% 7,000 6,532 -4.5% 6,242 6,000 5,000 4,000 3,000 2,558 2,086 2,000 1,000 0 YEAR 2004 2005 2006 2007-Q1 THE OPPORTUNITY DAY Source: The Office of Industrial Economi
Slide 8: Compressor Manufacturing & Export (2004-2007)
COMPRESSOR MANUFACTURING & EXPORT (2004-2007) UNIT : THOUSAND UNIT Manufacturing Export 9,000 8,262 8,334 8,131 +1.6% +1% 8,000 7,000 6,000 5,000 4,043 +2% 4,121 -5% 3,900 4,000 3,000 2,176 2,000 1,071 1,000 0 YEAR 2004 2005 2006 2007-Q1 THE OPPORTUNITY DAY Source: The Office of Industrial Economics
Slide 9: Refrigerator Manufacturing & Export (2004-2007)
REFRIGERATOR MANUFACTURING & EXPORT (2004-2007) UNIT : THOUSAND UNIT Manufacturing Export 7,000 6,122 6,290 5,950 +3% +3% 6,000 5,000 4,246 +2% 4,314 3,970 +7% 4,000 3,000 2,000 1,624 1,213 1,000 0 YEAR 2004 2005 2006 2007-Q1 THE OPPORTUNITY DAY Source: The Office of Industrial Economics, @ Stock Ex
Slide 10: Laundry Machine Manufacturing & Domestic Sales (2004-2007)
LAUNDRY MACHINE MANUFACTURING & DOMESTIC SALES (2004-2007) UNIT : THOUSAND UNIT Manufacturing Domestic sales 2,500 2,000 1,905 1,811 +1% -5% 1,728 1,500 1,000 -8% 477 506 500 439 407 +0% 115 0 YEAR 2004 2005 2006 2007-Q1 THE OPPORTUNITY DAY Source: Bank of Thailand @ Stock Exchange of Thailand May14
Slide 11: Financial Performance Q1/2007
FINANCIAL PERFORMANCE Q1/2007 MR. RATTAPOOM NANTAPATAWEE
Slide 12: Financial Performance
FINANCIAL PERFORMANCE OPERATING RESULTS FINANCIAL RATIO THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 13: Sales: Segment
SALES : SEGMENT MILLION BAHT 1,200 797 1,000 +49% +49% from AirCondition 535 76 800 +151% 66 600 30 +46% 107 Sales +19%, Price down 5% 45 93 +14% 400 534 Mat’l increase, OEM 30 MB 200 366 +46% Freezer by FTM 0 14 Q1'06 Q1'07 Other Air Condition Automobile Compressor Sheet Metal THE OPPORTUNITY DAY @
Slide 14: EAT: Segment
EAT : SEGMENT MILLION BAHT 140 120 67 +28% 100 +28% from Air Condition 53 5 80 +11% 12 Effect from price down 60 4 -14% 40 14 62 Y06 affected from mat’l price. +70% 20 37 Y07 selling p. already adjusted. 0 1 (2) (20) (12) Q1'06 Q1'07 Other Air Condition Automobile Compressor Metal Sheet THE OPPORTUN
Slide 15: Profitability
PROFITABILITY 40% 53 MB 67 MB 30% 20% 19% 17% 14% 11% 9.8% 8.4% 10% 0% Q1'06 Q1'07 GP EBIT EAT THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 16: Liquidity
LIQUIDITY 1.0 1.1 1.0 0.9 0.8 0.0 2006 Q1'07 Current Quick THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 17: Cash Cycle
CASH CYCLE 100 80 72 61 60 56 51 40 25 26 20 15 days 10 days 0 Q1'06 Q1'07 A/R Inven A/P THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 18: ROA, ROE
ROA, ROE 60% 50% 45% 42% 40% Higher net profit 30% 26% 21% 20% Investing in property plant 10% equipment at SPEC 0% Q1'06 Q1'07 ROA ROE THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 19: D(int)/E
D(int)/E 800 624 600 551 1 400 400 268 0.44 200 0.48 1 0.64 1 0 2006 Q1'07 Debt Equity THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 20: EPS
EPS 0.50 0.33 0.26 0.00 Q1'06 Q1'07 THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 21: Opportunity Day
21 Opportunity Day May 14th , 2007
Slide 22: Rayong Plant Property SPEC
22 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 23: Rayong Plant Property SPEC
23 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 24: Update Areas of SPEC
Update Areas of SPEC 24 Garden R & D Center Canteen Test Room PROPERTY AREA: NEW !! 49 Rai + 25 Rai 640 SQM = 74 Rai 19.60 Acres + 10.00 Acres = 29.60 Acres OEM NEW PROPERTIES 78,400 SQM + 40,000 SQM 40,000 SQM = 118,400 SQM PRODUCTION AREA: SPARE 23,400 SQM AREA 5,300 SQM TOTAL FACTORIES: 15 Factor
Slide 25: Rayong Plant Property SPEC
25 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 26: Sheet Metal Fabrication – Coil Center (Factory 3)
Sheet Metal Fabrication – Coil Center (Factory 3) 26 NEW PROJECT By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 27: New Customers for Sheet Metal
NEW CUSTOMERS FOR SHEET METAL 27 NEW CUSTOMER • DAIKYO – Parts for Komatsu • KOBAYASHI – Parts for Motorcycle • MCP – Parts for Air Conditioning System • TOM – Parts for Photocopier Machine • TRANE – Parts for Air Conditioning System By SNC Former Plc. Presentation for SET Opportunity Day – May 14th
Slide 28: Rayong Plant Property SPEC
28 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 29: Update OEM Facilities 12, 13, 14, 15
UPDATE OEM FACILITIES 12, 13, 14, 15 29 FACTORY 12 FACTORY 13 FACTORY 14 FACTORY 15 Warehouse Coil Assembly Line Expansion Line Warehouse Coil Assembly Line A/C Assembly Line Pre Assembly Line Warehouse Expansion Line By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 30: OEM A/C – Indoor Assembly Line (Factory 12)
OEM A/C – Indoor Assembly Line (Factory 12) 30 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 31: OEM A/C – Indoor Assembly Line (Factory 12)
OEM A/C – Indoor Assembly Line (Factory 12) 31 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 32: OEM A/C – Outdoor Assembly Line (Factory 12)
OEM A/C – Outdoor Assembly Line (Factory 12) 32 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 33: OEM A/C – Outdoor Assembly Line (Factory 12)
OEM A/C – Outdoor Assembly Line (Factory 12) 33 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 34: OEM A/C – Pre Assembly Line (Factory 13)
OEM A/C – Pre Assembly Line (Factory 13) 34 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 35: OEM A/C – Warehouse (Factory 14)
OEM A/C – Warehouse (Factory 14) 35 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 36: OEM A/C – Coil Assembly (Factory 15)
OEM A/C – Coil Assembly (Factory 15) 36 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 37: OEM A/C – Coil Assembly (Factory 15)
OEM A/C – Coil Assembly (Factory 15) 37 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 38: OEM A/C – Coil Assembly (Factory 15)
OEM A/C – Coil Assembly (Factory 15) 38 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 39: Rayong Plant Property SPEC
39 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 40: Opportunity Day
40 Opportunity Day May 14th , 2007
Slide 41: SFX: Located in Factory No. 2
SFX : Located in Factory No. 2 41 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 42: Rayong Plant Property SPEC
42 1 RAYONG PLANT PROPERTY 2 SPEC SHEET METAL DEPT. 3 SPEC OEM A/C DEPT. 4 SFX SNC FENG XING 5 SSW SNC SUNG WOO
Slide 43: Opportunity Day
43 Opportunity Day May 14th , 2007
Slide 44: SSW: Located in Factory No. 2
SSW : Located in Factory No. 2 44 Plastic Injection Machines 160 / 260 / 560 / 860 Ton By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 45: SSW: Located in Factory No. 2
SSW : Located in Factory No. 2 45 By SNC Former Plc. Presentation for SET Opportunity Day – May 14th, 2007
Slide 46: Business Results
Business Results @ Stock Exchange of Thailand 14 May 2007 BUSINESS BUSINESSRESULT RESULT Q1 Q1 2007 2007 STRATEGIC STRATEGIC PROGRESS PROGRESS OPERATIONAL OPERATIONAL PROGRESS PROGRESS Business Results SET ; May 14, 2007
Slide 47: Company Overview
Company Overview Found: 2006 Shareholder: SNC Former plc 100 % Registered Capital: THB 10 Millions Type of Business: Foods Processing Equipment & Stainless steel works Location: Rayong, Thailand Business Results SET ; May 14, 2007
Slide 48: Financial Highlights
Financial Highlights 40% 30% 20% 26.5% 10% 15.8% 14.7% 0% Q1‘ 2007 Business Results GP EBIT EAT SET ; May 14, 2007
Slide 49: Financial Highlights ROA ROE
Financial Highlights 62% . 19% ROE ROA Q1'07 Ratio as Year basis Business Results SET ; May 14, 2007
Slide 50: Sales & Profit
Sales & Profit Million Baht Q2’06 Q3’06 Q4’06 Q1’07 Sales 8.1 7.6 13.9 14.2 Gross 20.5 % 22.1 % 20.7 % 26.5 % Profit Net 10.5 % 4.4 % 9.1 % 14.7 % Profit Business Results SET ; May 14, 2007
Slide 51: Key Business Ratio Per Year Basis
Key Business Ratio Per year basis Ratio 2006 Q’1 2007 EAT 8% 14.7 ROE 43 % 62% ROA 13 % 19% ROFA 38 % 45% Business Results SET ; May 14, 2007
Slide 52: Strategic Progress
Strategic Progress Business Results SET ; May 14, 2007
Slide 53: Business Growth Strategy
Business Growth Strategy FREEZER Present One stop services for APCI Asia Market FREEZER for Others New Air APCI Global Sheet metal Market Present Product New Product • Customer Relationship : with AIR PRODUCTS ASIA • Product Development : Engineering & Standardization • One-Stop-Services: Installati
Slide 54: Operational Progress
Operational Progress Business Results SET ; May 14, 2007
Slide 55: Operational Highlights
Operational Highlights Premium Workmanship Low Fixed Cost •Welder Qualification Examination • Multi-Function Admin. Staff • Go Global Export (US, EU) •Business Growth: •Build premium freezer with Stainless steel parts •for Air Products at Science Park & Cabinet Assembly with Fixed Administrative cos
Slide 56: Strategy Map
Strategy Map Strategic Planning Business Result การเพิ่มผลิตภาพ ผลประกอบการ การเพิ่มยอดขาย ROA , ROE คุณภาพชีวิต ผลิตภัณฑใหม งานบริการ ลดวัสดุคงคลัง พนักงาน Foods Processing Freezer Inventory Turnover รายไดของพนักงาน การเพิ่มยอดขาย Customer ความประทับใจของลูกคา Customer Satisfaction Index : CSI
Slide 57: Policy / KPIs Deployment Board
Policy / KPIs Deployment Board Business Results SET ; May 14, 2007
Slide 58: Project Progress Control
Project Progress Control Business Results SET ; May 14, 2007
Slide 59: Eliminate, Combine, Rearrange, Simplify
Eliminate : ขจัด Combine : รวบ Rearrange : เรียงใหม Simplify : ทําใหงาย Business Results SET ; May 14, 2007
Slide 60: Thank You
THE WORLD-CLASS STAINLESS STEEL APPLICATIONS PROVIDER Thank You Padej Business Results SET ; May 14, 2007 Montburinont
Slide 61: SNC Group Business Plan 2004-2007
BUSINESS PLAN 2004-2007 SNC GROUP
Slide 62: Business Plan 2004-2007: SNC Group
BUSINESS PLAN 2004 - 2007 SNC GROUP 4,000 3,500 3,000 MILLION THB – 40% 2,500 2,035 30 2,000 1,277 59% 1,500 834 1,000 53% 500 Q1 797 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 63: Business Plan 2004-2007: Automobile
BUSINESS PLAN 2004 - 2007 AUTOMOBILE 500 450 % 400 365 10-15 335 9% 350 MILLION THB 300 217 54% 250 200 150 100 Q1 50 107 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 64: Business Plan 2004-2007: Air Conditioner
BUSINESS PLAN 2004 - 2007 AIR CONDITIONER 2,000 1,800 50% 1,600 - 40 1,400 1,229 MILLION THB 1,200 % 1,000 759 62 800 482 57% 600 400 Q1 200 534 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 65: Business Plan 2004-2007: Compressor
BUSINESS PLAN 2004 - 2007 COMPRESSOR 300 250 181.53 15-20% MILLION THB 200 151 20% 134 150 12% 100 50 Q1 66 0 2004 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 66: Business Plan 2005-2007: Sheet Metal
BUSINESS PLAN 2005 - 2007 SHEET METAL 500 400 MILLION THB 300 50% 230 200 8% 100 61 32 Q1 76 0 2005 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 67: Business Plan 2006-2007: Others
BUSINESS PLAN 2006 - 2007 OTHERS 100 90 80 70 MILLION THB 60 50 % 100 40 30 30 20 10 Q1 14 0 2006 2007-F THE OPPORTUNITY DAY @ Stock Exchange of Thailand May14, 2007
Slide 68: Question & Answer
Question & Answer Sf >
Slide 69: Thank You
THE END = THANKeYO } >