Dynasty Ceramic Public Co. Ltd. · SET:DCC
Dynasty Ceramic Public — Q4 2012 Earnings Presentation
34 slides from Dynasty Ceramic Public's earnings presentation, 2013
Slide 1: Dynasty Ceramic
“We are making the impossible, POSSIBLE.” Dynasty Ceramic
Slide 2: Contents
Contents History Sales Market Analysis Cost of Production Performance Going Forward “Please feel free to ask any questions according to the topic presenting.” 2
Slide 3: History
“Our roadmap to number 1.” HISTORY 3
Slide 4: Timeline
Timeline 80 Million Sq.M in 58 Million 2017 Sq.M in 2011 42 Million Sq.M in 2008 32 Million Sq.M in 2004 “Sustainable growth.” 4
Slide 5: Sales Report
“Analyzing market trend.” SALES REPORT 5
Slide 6: Sales Volume (1000 sq.m)
Sales Volume (1000sq.m) 6500 6000 5,894 5500 5,363 4,973 5,007 5,104 2010 = 50,546 (1000sq.m) 5000 4,933 4,627 2011 = 55,908 (1000sq.m) 4,899 4,557 4,513 4500 4,466 4,109 2012 = 58,445 (1000sq.m) 4000 3500 3000 6
Slide 7: Sales Value (MB)
Sales Value (MB) 800 757 750 700 692 663 644 653 650 643 642 597 604 600 588 586 2010 = 6,457 MB 534 2011 = 7,195 MB 2012 = 7,603 MB 550 500 450 400 January February March April May June July August September October November December 7
Slide 8: Sales Volume & Value
Sales Volume & Value 1,851 1,777 2,000 1,632 1,800 1,424 1,361 1,600 1,248 1,400 1,200 1,000 800 600 400 200 0 Volume (1000sq.m) Value (MB) 4Q12 3Q12 4Q11 8
Slide 9: Outlet Quarterly Sales Performance by Region (MB)
Outlet Quarterly Sales Performance by Region (MB) 750 690 689 650 622 582 559 550 468 512 483 481 462 455 NE 432 450 424 420 398 397 400 404 M 393 383 387 372 371 368 368 373 E 338 350 346 344 322 317 320 314 322 324 310 S 359 361 295 350 329 293 291 323 320 281 288 N 305 244 247 238 228 227 250 213
Slide 10: Sales Comparison by Distribution Channel (MB)
Sales Comparison by Distribution Channel(MB) 1800 1606 1600 1412 1354 1373 1357 1374 1400 1304 1225 1244 1222 1159 1183 1200 1065 1040 987 980 1000 Outlet Agent 800 Export Franchise 600 388 413 381 319 331 330 352 400 287 291 313 247 258 257 257 220 163 200 138 119 91 144 120 99 112 95 78 99 65 96 9
Slide 11: Analyzing Distribution Channels
Analyzing Distribution Channels 4Q2012 Y2012 Export Export Agent By 3% Export Agent By 2% 3% 3Q2012 Outlet 22% Outlet Outlet Agent Franchise 64% Franchis 22% By 5% e Outlet Outlet Franchi 22% 4% Outlet Agent By 64% se Agent By Agent 63% DCC 5% DCC By DCC 8% 6% 7% Y2011 Export Agent By 3% Outlet Fran
Slide 12: Sales Comparison by Product Type (MB)
Sales Comparison by Product Type (MB) 1,200 1,136 1,040 1,013 1,000 968 946 946 876 866 868 818 783 829 748 773 812 775 800 736 654 622 604 597 600 556 536 555 427 397 400 371 332 312 280 262 242 251 223 223 192 203 190 188 177 173 169 209 183 177 200 191 180 213 111 99 102 92 87 103 90 88 83 77 78
Slide 13: Analyzing Product Types
Analyzing Product Types Wall 8x12 Granito Y2012 Other 2% Wall 8x10 1% 0% 10% 4Q2012 Wall 8x10 3Q2012 Floor 8x8 5% Wall 8x8 1% Floor 12x12 Granito Other 10% Floor 8x8 Floor 46% 0% 2% Wall 8x8 Other 16x16(TR) 4% Wall 1% 2% 0% Wall 8x12 8x12 Wall 8x10 Floor 16x16 Wall 8x8 2% Floor 1% 2% 11% 34% 16x16(T
Slide 14: Cost of Production
“What we can do to improve our cost.” COST OF PRODUCTION 14
Slide 15: Cost of Production 4Q12
Cost of Production 4Q12 5% 4% 1% Gas 6% Chemicals 31% Body 7% Depreciation 7% Power Labour 16% 21% Fixed 3% Maintenance Packaging Supplies Used 15
Slide 16: Cost of Production Y2012
Cost of Production Y2012 4% 4% 1% Gas 6% Chemicals 6% 32% Body 6% Depreciation Power 16% Labour 2% 21% Fixed Maintenance Packaging Supplies Used 16
Slide 17: Natural Gas Price History
Natural Gas Price History 500 450 400 350 BAHT / MMBTU 300 250 200 150 100 50 - 17
Slide 18: Changes in Cost
Changes in Cost (Baht/Sq.M) 4Q12 4Q11 DIF(%) Y2012 Y2011 DIF(%) Body 13.38 12.97 3.16% 12.79 12.84 -0.36% Chemicals 17.61 15.35 14.72% 16.54 15.17 9.06% Natural Gas 26.28 25.18 4.37% 25.60 22.91 11.77% Labor 5.57 4.07 36.90% 4.87 3.97 22.81% “We’re trying to improve our natural gas usage thru body m
Slide 19: Performance
“Perfectionism.” PERFORMANCE 19
Slide 20: Quarterly Performance
Quarterly Performance GROSS PROFIT NET PROFIT (BT) 1200 2500 SALES VALUE 2093 1000 2021 1964 1882 1865 2000 1851 1703 1777 840 1696 852 1621 823 1638 828 800 769 1490 744 1461 1461 1431 738 700 712 1392 1381 1500 1303 659 646 660 665 1184 615 601 632 600 587 1147 529 438 1000 411 400 358 364 373 320
Slide 21: Net Profit & Earning Per Share
Net Profit & Earning Per Share 4Q12 3Q12 4Q11 500 450 400 295 0.72 350 267 253 0.65 0.62 300 250 200 150 100 50 - 21
Slide 22: Statement of Financial Position at December 31, 2012
Statement of financial Position at December 31, 2012 (MB.) FG AR Fixed Assets Total Assets 4,759 4,592 4,288 3,191 2,701 2,584 2,514 1,876 1,645 1,175 1,143 1,261 1,200 940 1,001 543 564 121 15 137 130 131 DCC TTOP 3 Subsidiaries CONSO CONSO CONSO Dec,2012 Sep,2012 Dec,2011 22
Slide 23: Liabilities and Owners' Equity at December 31, 2012
LIABILITIES AND OWENER%S EQUITY at December 31, 2012 (MB.) AP & Accrued Exp. Overdrafts/Loan Employee Benefit Obligations Shareholders'Equity 2,702 2,672 2,664 1,113 1,217 840 804 840 867 801 777770 486 400 303 51 45 14 22 118 116 93 DCC TTOP 3 Subsidiaries CONSO CONSO CONSO Dec,2012 Sep,2012 Dec,20
Slide 24: Performance
Performance FY06 FY07 FY08 FY09 FY10 FY11 1Q12 2Q12 3Q12 4Q12 FY12 Revenue (Bt mil) 4,460 4,475 5,095 5,905 6,531 7,227 2,096 1,908 1,779 1,854 7,637 Cost of Goods Sold (Bt mil) (2,829) (2,742) (3,130) (3,384) (3,630) (4,143) (1,264) (1,144) (1,078) (1,139) (4,625) Gross Profit (Bt mil) 1,631 1,733
Slide 25: Key Performance
Key Performance FY06 FY07 FY08 FY09 FY10 FY11 1Q12 2Q12 3Q12 4Q12 FY12 Gas Cost of COGS 619.06 549.06 929.76 702.97 946.81 1,314.41 381.31 428.40 380.31 364.06 1,554.08 (Bt mil) Natural Gas Price 259.39 257.09 354.44 245.54 303.07 371.67 412.03 429.52 387.10 388.95 404.40 (Bt/MMBTU) Transportation C
Slide 26: Key Financial Ratio
Key Financial Ratio FY06 FY07 FY08 FY09 FY10 FY11 1Q12 2Q12 3Q12 4Q12 FY12 ROE 27.74 23.86 28.45 39.02 43.80 46.78 13.29 11.35 9.96 13.47 57.45 ROA 13.03 13.40 16.72 26.43 31.99 30.99 8.51 7.31 5.96 6.30 27.42 EPS (Baht) 1.39 1.33 1.63 2.44 2.88 3.05 0.91 0.79 0.65 0.73 3.08 D/E 1.13 0.78 0.59 0.34
Slide 27: Going Forward
“Targets and Goals.” GOING FORWARD 27
Slide 28: Our Performance
Our Performance 140 120 100 SQM / Man / Day 80 60 40 20 0 . .-99 . .-01 ก. .-02 . .-04 . .-05 . .-06 ก. .-08 ก. .-09 . .-10 . .-12 . .-13 DCC - Production / Manpower / Day TTOP - Production / Manpower / Day Linear (DCC - Production / Manpower / Day) Linear (TTOP - Production / Manpower / Day) “Impro
Slide 29: Production Capacity Expansion Plan
Production Capacity Expansion Plan 79.2M 64.8M 57.6M 11,000 10,500 • 20 kilns 10,000 • 20 kilns 9,500 • 20 kilns Increase Production 9,000 • 20 kilns Capacity 8,500 • 20 kilns 8,000 • 19 kilns 7,500 Reduce Cost • 17 kilns • 16 kilns 2009 2010 2011 2012 2013 2014 2015 2016 29
Slide 30: Re-Branding
Re-Branding • New uniform • New outlet structure • Improved service • Improved showcase • Value added 30
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Slide 33: 2013 Outlook
2013 Outlook Targeting 10% growth in volume Targeting to open 10 outlets Added Value to products Targeting 40% gross margin Increase ASP to 138 Baht Increase 5% in production capacity by modifications More than 80% capacity utilization rate Reduce 5% of labor Re-Branding Project Intensive training p
Slide 34: Please visit us at www.dynastyceramic.com
Please visit us at www.dynastyceramic.com www.facebook.com/DynastyCeramic Thank You. Maruth (Bae) Saengsastra Vice President Dynasty Ceramic Public Company Limited maruth@dynastyceramic.com
Dynasty Ceramic Public Company — Q4 2012 Earnings Presentation on 6ix