Synergetic Auto Performance Public Co. Ltd. · SET:ASAP
Synergetic Auto Performance Public — Q1 2017 Earnings Presentation
21 slides from Synergetic Auto Performance Public's earnings presentation, May 16, 2017
Slide 1: Synergetic Auto Performance Public Company Limited
Strictly Private & Confidential Strictly Private & Confidential Synergetic Auto Performance Public Company Limited Q1-2017 SET Opportunity Day Presentation 16 May 2017
Slide 2: Agenda
AGENDA Section 1 About Us Section 2 Our Business Section 3 Financial Highlights
Slide 3: About Us
Section 1 ABOUT US
Slide 4: Who We Are
Who We Are “We are a total solution car rental Our Core Value: “asap” does not only mean service providers that delivers at a “As Soon As Possible”, but also world-class standard and beyond customer expectations” “As Superior (Service) As Possible” What We Offer What We Want to Be in the Future 4 Cs
Slide 5: Our Achievement Stories
Our Achievement Stories “asap has been continuously developing its business and providing service as superior and satisfied as possible” K.Songvit & K.Parinda opened Siam Nissan P2M Co., Ltd. as 1995 Nissan’s car dealer (3 branches at present) Change par from THB 1.00 per share to be THB 0.50 per
Slide 6: Our Business
Section 2 OUR BUSINESS
Slide 7: Business Overview
Business Overview 1 2 Self-Driven Long-Term Car Rental Service Self-Driven Short-Term Car Rental Service Self-driven long-term car rental service (Fleet Management) Self-driven short-term car rental service focusing on individual focusing on corporate customers customers Customers are large corpor
Slide 8: Self-Driven Long-Term Car Rental Service
1) Self-Driven Long-Term Car Rental Service Total solution fleet management service is delivered to customers at world-class standard, services include: 1 Fleet 2 Fleet Tailored 3 Fleet 4 Replacement Cars 5 Other Related Procurement Modification Maintenance Services Having capability and As requ
Slide 9: Self-Driven Long-Term Car Rental Service (Cont'd)
1) Self-Driven Long-Term Car Rental Service (Cont’d) “asap provides not only car rental service, but the total solution fleet management service to corporates, government agencies and state enterprises” Types of self-driven long-term rental cars asap is trusted by customers to take care of their fle
Slide 10: Self-Driven Short-Term Car Rental Service
2) Self-Driven Short-Term Car Rental Service asap launched new car rental service, i.e. self-driven short-term car rental service under the name “asap” in late 2015 focusing on individual customers asap started to provide self-driven short-term car rental Chiang Rai Currently, there are 6 asap count
Slide 11: Chauffeur-Driven Car Rental Service
3) Chauffeur-Driven Car Rental Service Chauffeur-driven car rental service is the newest service launched by asap in July 2016 Services provided comprises of: Chauffeur-driven car Fleet Management Service Fleet Procurement rental service focuses on Fleet Tailored Modification Fleet Maintenan
Slide 12: Revenue Breakdown
Revenue Breakdown “asap’s revenue is mainly contributed by self-driven long-term car rental service which has corporates as a major customer” asap’s Revenue Breakdown asap’s Car Rental Revenue Breakdown by Customers asap’s revenue for a period of 3 months ended 31 Mar 2017 is THB For a period of
Slide 13: Facilities & Resources
Facilities & Resources Head Office 3,676 sq.m. (rented areas) Theparak, Samutprakarn province Land (for asap Auto Park) 4-0-60 Rai Bangna-Trad Road between km.12 – 13 asap Branches in Airports Phuket Don Muang Chiang Mai Hat Yai Chiang Rai Suvarnabhumi Number of Cars As of 31 M
Slide 14: Continuous Development to Offer the Best Car Rental Services
Continuous Development to Offer the Best Car Rental Services We commit to continually expand our services beyond customers expectation We position ourselves as car rental partner, not financier. We promise to actively introduce new value added services to offer the comprehensive car rental servi
Slide 15: Future Project: asap Auto Park
Future Project: asap Auto Park Preliminary design To be an auto services center by providing: asap Auto Park self-driven short-term car rental service counter, used car sales area, Objective pick up/drop off area for Suvarnabhumi asap counter’s customers, and the rests are rental area for au
Slide 16: Financial Highlights
Section 3 FINANCIAL HIGHLIGHTS
Slide 17: Total Revenue Breakdown & Profitability Margins
Total Revenue Breakdown & Profitability Margins Total Revenue Breakdown Profitability Margins % 66.44% 70% 60.00% 59.55% CAGR = 28.6% 56.46% 57.78% (THB mn) 54.87% 60% 1,459.44 50% 1,086.09 40% 840.37 g = 63.9% 27.49% 30% 22.30% 21.62% 21.61% 18.11% 19.70% 685.88 20% 25.62% 485.22 18.95% 17.60% 10%
Slide 18: Revenue from Car Rental Breakdown
Revenue from Car Rental Breakdown Revenue from Car Rental Breakdown by Customer Type Revenue from Long-term VS Short-term Car Rental THB 18.83 mn, THB 28.09 mn, THB 11.49 mn, THB 13.87 mn, (THB mn) 2.48% 1.66% 3.04% 3.66% 1,133.00 3M 2016 2017 789.51 659.23 581.86 THB 1,086.09 mn, 95.86% THB 353.14
Slide 19: Gross Profit & Gross Profit Margin
Gross Profit & Gross Profit Margin Gross Profit and Gross Profit Margin Gross Profit (THB mn) Gross Profit Margin (%) 350 50% 300 48.25% 286.16 40% 250 211.13 195.94 30% 200 173.40 Gross Profit from Car Rental 29.80% 158.15 25.26% 26.62% 25.12% Gross Profit from Used Car Sales 150 23.99% 24.82% 20%
Slide 20: Balance Sheet Composition
Balance Sheet Composition Assets Breakdown Liabilities and Equity Breakdown 7,289 (THB mn) 6,375 7,289 6,375 3,665 3,665 Key Financial Ratios 2014 2015 2016 3M-2017 2014 2015 2016 3M-2017 Liquidity Ratios Efficiency Ratios Collection Period (days) 36.58 30.99 32.94 30.66 Return on Assets (%) 1.40 1.
Slide 21: Page 20
Strictly Private & Confidential Page 20
Synergetic Auto Performance Public Company — Q1 2017 Earnings Presentation on 6ix