Thai Optical Group Public Co. Ltd. · SET:TOG

Thai Optical Group Public — Q1 2021 Earnings Presentation

17 slides from Thai Optical Group Public's earnings presentation, Jun 17, 2021

  1. Slide 1: Opportunity Day June 17, 2021

    OPPORTUNITY DAY JUNE 17, 2021

  2. 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 contained

  3. Slide 3: Agenda

    AGENDA 1. Q1/2021 Results 2. Key developments 3. Q&A Strictly confidential 3

  4. Slide 4: Agenda 1: Q1/2021 Results

    AGENDA 1 Q1/2021 Results

  5. Slide 5: Q1/21 Results (Consolidated)

    Q1/21 RESULTS (CONSOLIDATED) Unit: THB million Q1/20 Growth Q1/21 Revenue from sales and services 450 +27.9% 576 69 141 Gross profits +103.3% 15.4% 24.5% 38 96 Net Income +152.1% 8.5% 16.7% 33 105 EBIT +215.2% 7.4% 18.2% 80 150 EBITDA +86.8% 17.8% 25.9% 5

  6. Slide 6: Q1/21 Growth from Almost All Regions

    Q1/21 GROWTH FROM ALMOST ALL REGIONS Unit: THB million % represents share of total sales for each region Europe 750 Asia Pacific 511 368 369 221 America 131 154 105 77 133 247 2019 2020 Q1/19 Q1/20 Q1/21 153 2019 2020 Q1/19 Q1/20 Q1/21 48 89 35 2019 2020 Q1/19 Q1/20 Q1/21 Australia and New Zealand M

  7. Slide 7: US and Asia Continue to Be Strong

    US AND ASIA CONTINUE TO BE STRONG 7.8% 11.8% 6.4% 10.7% 13.6% 15.5% 19.3% 19.7% 17.8% 17.2% America 21.4% 24.7% 34.9% 33.7% Asia/Africa 32.5% 42.4% 37.0% 33.2% ANZ 38.0% 38.4% 40.3% Europe 28.1% 29.1% 26.7% 2019 2020 2021E Q1/19 Q1/20 Q1/21 7

  8. Slide 8: Value-Added and Rx Now Balanced

    VALUE-ADDED AND RX NOW BALANCED 7.2% 7.5% 7.7% 6.9% 8.2% 7.1% 33.6% 33.1% 32.2% 32.5% Others 35.4% 38.4% High value-added 20-30% margin Rx 26.3% 26.2% 31.2% 29.4% 33.5% 28.4% Value-added Low value-added Standard 10-20% margin 33.0% 29.8% 34.6% 25.9% 24.9% 26.9% 2019 2020 2021E Q1/19 Q1/20 Q1/21 8

  9. Slide 9: Q1/21 Higher Sales in Value-Added

    Q1/21 HIGHER SALES IN VALUE-ADDED 576 $1.4 mil 41 450 $1.2 mil $6.1 mil Others 37 187 $5.7 mil Rx 173 $6.4 mil 193 Value-added $4.2 mil 128 $5.1 mil Standard $3.7 mil • Casting business for Europe is back 155 112 to new COVID-normal Exchange Rate USD of Q1/2021 = 30.26 THB Q1/20 Q1/21 9

  10. Slide 10: Significant Factors in Q1/21

    SIGNIFICANT FACTORS IN Q1/21 • Continued strong demand and shipment delivery – Clear upward trend of casting business from all territories – Growth of TOG USA business intact • Product mix strategically shifted to value-added – Better gross margin from the quarterly record high since Q2/2014 of valu

  11. Slide 11: Historical Quarterly Financials

    HISTORICAL QUARTERLY FINANCIALS Unit: THB million Sales Gross Profit Net Profit 608 618 576 541 549 537 523 531 477 475 472 442 454 450 441 454 455 450 428 343 150 136 144 139 222 141 141 124 117 129 92 107 96 92 106 78 62 65 64 69 47 48 59 53 33 28 18 13 38 (6) 96 75 92 28 13 87 14 25 51 80 63 Q1/1

  12. Slide 12: Year-on-Year Q1 Financials

    YEAR-ON-YEAR Q1 FINANCIALS Unit: THB million 576 549 454 450 450 124 139 141 92 80 69 96 47 18 38 Q1/17 Q1/18 Q1/19 Q1/20 Q1/21 Sales Gross Profit Net Profit 12

  13. Slide 13: Agenda 2: Key Developments

    AGENDA 2 Key Developments

  14. Slide 14: Key Developments in 2021

    KEY DEVELOPMENTS IN 2021 • Commencement of TOG Europe operations – In service since Mar 1, 2021 – Still small volume but traction is coming • Mar 2021 – 3.0k • Apr 2021 – 6.2k • May 2021 MTD – 6.5k – Expecting much stronger demands from 2H/21 onwards when many countries in Europe getting released fr

  15. Slide 15: Key Developments in 2021 (Cont'd)

    KEY DEVELOPMENTS IN 2021 (CONT’D) • Continuous investment in robots and automations – Goal of 10% higher labor productivity in casting business with lean manufacturing principle in production and packing area – Regain non-revenue-generating production area and prepare for investment later this year

  16. Slide 16: Agenda 3: Q&A

    AGENDA 3 Q&A

  17. Slide 17: Thai Optical Group PCL. Head Office Sales and Customer Service

    THAI OPTICAL GROUP PCL. Head Office 15/5 Moo 6 Bangbuathong-Suphanburi Rd. Laharn Bangbuathong, Nonthaburi, Thailand 11110 Tel: (+66) 02 194 1145 to 1146 Sales and Customer Service 77/141-142, 33rd Fl. Sinn Sathorn Tower, Krungthonburi Rd. Klongtonsai, Klongsan Bamgkok, Thailand 10600 Tel: (+66) 02

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