Thai Optical Group Public Co. Ltd. · SET:TOG
Thai Optical Group Public — Q2 2024 Earnings Presentation
32 slides from Thai Optical Group Public's earnings presentation, Sep 6, 2024
Slide 1: Investor Presentation
September 6, 2024 INVESTOR PRESENTATION wy, 7
Slide 2: Disclaimer
| Disclaimer The following presentation may contain forward looking statements by the Management Team of Thai Optical Group Public Company Limited (the Company), related to financial or other tendency for future periods, compared with the results for previous periods. Some of the statements containe
Slide 3: Agenda
| Agenda 01 Corporate Overview 02 Growth Drivers 03 Financial Performance 04 Sustainable Development
Slide 4: 01 Corporate Overview
AW =O? Corporate Overview. | \ a
Slide 5: Corporate Overview
| Corporate Overview TOG is a spectacle lens manufacturer with strong track record 70-year history. We serve business customers both in Thailand and internationally, across 50 countries, over 6 continents. Company’s subsidiaries and associated company; Manufacturing Thai Optical Group Public Company
Slide 6: TOG Mission
TOG Mission —— We intend to become a leading, sustainable, independent manufacturer with a global reputation for: * Consistent service excellence. + Ease of doing business. * Supplying the best value on time every time.
Slide 7: Dividend Policy
DIVIDEND POLICY The company has a dividend payment policy of not less than 40% of its consolidated net profit after deduction of all specified reserves. DIVIDEND PER SHARE (THB) HB APR annual dividend Payment) 0.65 BB AUG nitorim bividond Payment) 2020 2021 2022 2023 2024
Slide 8: Business Overview
| Business Overview We are the Innovative, Cost-Effective and reliable Independent lens manufacturer for both casted lenses and Rx labs. | Key Hilights loN a & @ < Ww High Quality Value for Money Service with care Sustainability
Slide 9: Business Model
Business Model Delivery to customers in 7 Days. . Prescription laboratories / J Z Optical retails/ E-commerce om Omni-channels partners => oom A w% “4 @ Distributions S TOG EU & TOG USA Distribution centers scription
Slide 10: Product Group
| Product Group We offer a wide variety of lens materials designed to correct refractive errors, causing impaired vision both nearsightedness and farsightedness, astigmatism and presbyopia. Standard Lenses Value-Added Lenses: Casting _ Prescription Lenses : Rx Other Products & Services : Casting len
Slide 11: Brand Portfolio
| Brand Portfolio In addition to being an OEM manufacturer of lenses, we also offer products under our own brand. Lens Designs Lens Materials TOG Toa Tos Basic Material ‘Advanced Single Vision Lens Freeform Progressive Lens ; : =) ae: HE GME ME froigg froeten Srateten Se oe Tos 06 Toa Tos Convention
Slide 12: Slide 12
Slide 13: The production line caters to all of your requirements
| The production line caters to all of your requirements. The company has a policy to care for various business groups of customers that vary independently by business type, depending on the purpose of the customer. Business customers can be grouped as follows. - Retail Chains - E-Commerce - Distrib
Slide 14: 02 Growth Drivers
Growth Drivers Y — / pa. al yy OGG “50505 wy ~& Expand Accelerate Deploy Expand Develop Sustainability is 01 Coepamer 0 responsive 0 automated 0 Prescription ¢) advanced 0 a Comerstone base across supply, with a operation and Lenses (Rx) products and of our business all regions. variety of data syst
Slide 15: Growth Drivers
| Key Growth Driver TOG continues to expand production capacity in 2024 in Phase 2 investment, aiming to commence production in 1Q2025. This endeavor will require an investment budget of 300 million baht. expecting to increase production capacity by 2,500 jobs per day equivalent to 5,000 sheets per
Slide 16: Key Growth Driver
| Key Factors impact company cost (rn) cL . aS & © & NY al fan an an an) i ions i Currency The mini Geopolitical An expanding Fluctuations in e minimum p 0) elderly 0 2 the global 03 exchange rates 04 wage tends to 0 5 challenges and population economy can fluctuate at increase internal political an
Slide 17: Key Factors impact company cost
Slide 18: 03 Financial Performance
Q2/2024 Results - Consolidated Revenue from sales and services 931 MB Equal to QoQ Gross profits 225 MB 24.2% QoQ EBIT 150 MB 16.1% QoQ Net Income 119 MB 12.8% QoQ EBITDA 204 MB 21.9% QoQ
Slide 19: Q2/2024 Results - Consolidated
Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 Q4/22 Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 Q2/24 Sales 549 454 455 537 450 222 531 618 576 572 547 663 643 676 751 821 711 654 773 821 835 931 Gross Profit 139 65 64 106 69 (6) 53 141 141 149 111 126 138 163 177 201 2
Slide 20: Quarterly Sales, Gross Profit, Net Profit
EBITDA EBIT Net Income Gross profit Revenue from sales and services 1765 1366 338 392 257 230 393 283 396 231 6M/2023 6M/2024
Slide 21: EBITDA, EBIT, Net Income 6M/2024
Q2/19 Q2/20 Q2/21 Q2/22 Q2/23 Q2/24 Sales 454 222 572 676 654 931 Gross Profit 65 (6) 149 163 175 225 Net Profit 14 (53) 87 109 117 119
Slide 22: Q2 Sales, Gross Profit, Net Profit
Q2/2024 Outstanding Revenue Growth From Americas SALES CONTRIBUTION BY GEOGRAPHY Unit: THB million % represents share of total sales for each region Americas Europe (20%) (26%) (18%) (24%) (31%) (26%) (26%) (2396) (26%) (27%) 673 769 , 124.169 288 749 764 | 157 168 = 262 oe OE Asia Pacific (18%) (17
Slide 23: Q2/2024 Outstanding Revenue Growth From Americas
Americas Asia & Africa Australia & New Zealand Europe 2021 2022 2023 Q2/22 Q2/23 Q2/24
Slide 24: Sales by Region
Others Rx Value-added Standard 2021 2022 2023 Q2/22 Q2/23 Q2/24
Slide 25: Sales by Product Group
Slide 26: Sustainable Development
Sustainable Development At TOG, we 'Craft with Care’ and help people around the world lead healthier and more fulfilling lives, through the power of sight. Healthier Living is the foundation of sustainability for all; employees, partners, customers, consumers, communities, and the environment. ‘Craf
Slide 27: 04 Strategies for Driving Business Toward Sustainability
TOG's Journey to Net Zero: A Roadmap for Scope 1, 2, & 3 Emissions Reduction Carbon Footprint *© S| nowce WBS% seme imensty202a 1 784,91 of CFO intensity with base year (Gan Jun} TonnesCo2e Be z21% Scope 1 Scope 2 Scope 3 Direct Indirect Indirect Emission (TonCO2eq/year) Emission (TonCO2eq/year) Emi
Slide 28: Sustainable Development
Environment Performance Highlight Solar Roof ee 2.56 MW of electric power 802 tonnes CO,eq reduced to YTD >347,000 litres of gasoline consumption 3R-- Water Efficiency in Operation through 3R Tae Principles. so fi We have successfully increased the proportion of 2 ms ° aw recycled water usage by up
Slide 29: TOG's Journey to Net Zero: A Roadmap
Environment Performance Highlight Waste Management for Zero Landfill In 2023, 35% of the waste generated during our operations was diverted from appropriate recycle disposal, and 65% was directed into RDF and incineration facilities with energy recovery. Reducing single-use plastic in packaging >75k
Slide 30: Environment
©, SOCIAL PERFORMANCE | za (HIGHLIGHT “Innovation Towards Waste Solution” Convert food scraps from schools and cafeterias through processing machines into compost. (/ fm canteen factory 43 kg A canteen school 173 kg 292.6 Carbon-dioxide Emission Reduction
Slide 31: Environment
Governance & Economic Zz Performance Highlight Awards and Recognitions 2023 [——} Forbes Asia Is usted as ASia’s Bes’ nder Huon s Asia TOG is listed as Asia’s Best Under A Billi BEST sition 2023. SMINVESTA Thai Optical Group; TOG wasselected as one of AA . the Thai public companies listed in Asia's B
Slide 32: Social Performance Highlight
| Get in Touch 0680080780 ir@thaiopticalgroup.com www.thaiopticalgroup.com TOG’ THAI OPTICAL GROUP
Thai Optical Group Public Company — Q2 2024 Earnings Presentation on 6ix