Opp Day 2Q/17 - Thailivestreamsetlive.thailivestream.com/data-file/events/pdf/280817075408-OPPDAY... · TAOKAENOI FOOD & MARKETING PLC. SALES BY PRODUCT 13 6% 3%2% Grilled SW 41%

2Q/17 OPPORTUNITY DAY

Taokaenoi Food & Marketing Public Company Limited

PRESENTATION AGENDA

Company Overview

Financial Performance

Business Outlook

Q&A

TAOKAENOI FOOD & MARKETING PLC.

TKN STOCK OVERVIEW

3

Key Information :

• Registered Capital

• Issued & Paid Up Capital

• SET Index

• CGR 2016

• Dividend

As of Aug 25, 2017

• Major Shareholders

• Market Cap

345 Mil Baht (1,380 Mil Share)

345 Mil Baht (1,380 Mil Share)

SET 100 / MSCI Global Small Cap Index /

FTSE SET Mid Cap Index / FTSE SET Shariah Index

Policy : 40% of Net Profit (Separate FS)

Yr 2016 : 90% of Net Profit (Separate FS)

Peeradechapan group 61.96 %

Free Float 32.84 %

27,048 Mil B (@ 19.60 baht/share)

Dividend B / Share Payment Date

6M/2017 0.170 Sep 13, 17

12M/2016 0.300 May 12, 17

6M/2016 0.190 Sep 7, 16

12M/2015 0.105 Apr 29, 16


A BRIEF COMPANY HISTORYInsert some short and brief lorem ipsum explanatory text about Ztle here

4

2004

• Company established with paid-up capital 1 Mil Baht

ESTABLISHMENT

1 BILLION BAHT IN REVENUE

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

2 BILLION BAHT IN REVENUE

3.5 BILLION BAHT IN REVENUE

4.7 BILLION BAHT IN REVENUE

• Appointed Singapore as overseas distributor

1ST DISTRIBUTOR• Opened premium snack

shop for tourist channel

TAOKAENOI LAND• Movie based on true story

of the company & founder “Mr.Itthipat Peeradechapan”

THE BILLIONAIRE • Listed in Stock Exchange of

Thailand (SET)

• Construction of new factory (Rojana)

PUBLIC COMPANY


OUR BOARD OF DIRECTOR

5

Chairman /

Independent Director

Yuth WorachattarnIndependent Director /

AC Chairman

Wanee TassanamontienIndependent Director /

NRC Chairman

Chaiyong RattanacharoensiriDirector

Somboon Prasitjutrakul

Director /

Chief Executive Officer

Itthipat PeeradechapanDirector /

Managing Director

Orrapat PeeradechapanDirector /

Managing Director

Nutchatpong PeeradechapanDirector /

Administrative Director

Porntera Rongkasiripan


OUR MANAGEMENT

6

Chief Executive Officer /

Founder

Itthipat Peeradechapan Orrapat Peeradechapan Nutchatpong Peeradechapan Jirapong Suntipiromkul Boonchai KowpanichManaging Director :

International Markets

Managing Director :

Business Support

Chief Financial Officer

(CFO)

Chief Operating Officer

(COO)


The Company is committed to developing healthy, tasty, and convenient products and build the brand recognition and awareness in the global market.

VISION :

The Company would like to see the culture of nutritious, health, tasty and convenient food consumption all over the world. The Company delivers such value to millions of people around the world by firstly fulfilling this gap from the seaweed business.

COMPANY VISION & MISSION

7

The Company aims to develop new innovative products and applies the-state-of-the-art technologies to the production.

The Company aims to create the brand awareness for capturing consumers’ attentions.

The Company will treat employees, business partners and consumers like a member of the family.

I

II

III

IV

MISSION :

PRESENTATION AGENDA

Company Overview


Business Outlook

Q&A


FINANCIAL HIGHLIGHTS

9

50100150200250

1Q/15 2Q/15 3Q/15 4Q/15 1Q/16 2Q/16 3Q/16 4Q/16 1Q/17 2Q/17

135172

234202

185161152

119

7551

• 2Q/17 Sales 1,212 Mil Baht

+8% YOY, +8% QOQ

• YOY Sales Growth TH 0%, IM +17%

• TH Market Share 66% (Jun)

• Sales Portion TH 41% : IM 59%

unit : Mil Baht

1H/2017 Sales +9% YOY

2,333 Mil Baht 1H/2017 Net Profit -11% YOY

306 Mil Baht (13.1%) • 2Q/17 Net Profit 135 Mil Baht (11.2%)

-27% YOY, -21% QOQ


0

350

700

1050

1400

3Q/14 4Q/14 1Q/15 2Q/15 3Q/15 4Q/15 1Q/16 2Q/16 3Q/16 4Q/16 1Q/17 2Q/17

716665

848755

625557548577

404301

385

254

496456459506495461433431410396450410

Thailand Int Mkt

2Q/17 SALES PERFORMANCEInsert some short and brief lorem ipsum explanatory text about Ztle here

10

664

834696

815

1,008 981 1,0181,120 Growth YOY/QOQ

+15% YOY

+8% QOQ

Back on track +0% YOY

+9% QOQ

unit : Mil Baht1,307

1,261

1,1211,212


SALES BY COUNTRYInsert some short and brief lorem ipsum explanatory text about Ztle here

11

7%

1%2%2%2%

2%3%

4%

China38%

Thailand41%

Thailand China Malaysia Hong KongIndonesia USA Taiwan VietnamSingapore Others

DOMESTIC SALES : 952 Mil B (+0% YOY)

• FMCG -5% YOY, Snack +5% YOY

• Seaweed Snack +7% YOY

• Domestic consumption +2% YOY

• Chinese tourist trend to rebound

• Marketing Campaign : Korean Boyband ‘GOT7’

EXPORT SALES : 1,381 Mil B (+17% YOY)

• High growth on China, Vietnam and USA

• Focus on China, Indonesia, and Vietnam

unit : %


CHINA SALES PERFORMANCEInsert some short and brief lorem ipsum explanatory text about Ztle here

12

150300450600

1Q/15 2Q/15 3Q/15 4Q/15 1Q/16 2Q/16 3Q/16 4Q/16 1Q/17 2Q/17

429449536510

371344289283

17194

+16% YOY

-4% QOQ

unit : Mil Baht

1H/17 SALES : 879 Mil B (+23% YOY)

• 2 Distributors in Shanghai and Guangzhou

• Market Research on China Market (AC Nielsen)

• Marketing Spending for Long-term strategy


SALES BY PRODUCT

13

6%

2%3%

Grilled SW41%

Crispy SW49%

Crispy SW Grilled SW Roasted SWTempura SW Others

375750

1,1251,500

1Q/15 2Q/15 3Q/15 4Q/15 1Q/16 2Q/16 3Q/16 4Q/16 1Q/17 2Q/17

474474527522

418371343376255

198 598549692629610568568571499422

Crispy Seaweed Grilled Seaweed Roasted Seaweed Tempura Seaweed

unit : Mil Baht

-2% YOY

+9% QOQ

+13% YOY

+0% QOQ


COST STRUCTURE

14

Overhead7%

Labor Cost18%

Other Materials9%

Packaging23%

Seaweed43%

Cost Structure Ratio

Direct Material 75.5%

- Seaweed 43.2%

- Packaging 23.5%

- Other Materials 8.8%

Labor Cost 17.7%

Overhead 6.8%

• 1H/2017 Total Capacity 3,000 ton

• Utilization Rate 71 %

• 1H/17 Gross margin partially drop mainly from

Seaweed price increase


0

0.04

0.08

0.12

0.16

0.2

0

50

100

150

200

250

3Q/14 4Q/14 1Q/15 2Q/15 3Q/15 4Q/15 1Q/16 2Q/16 3Q/16 4Q/16 1Q/17 2Q/17

Net Profit % Net Profit

11.2%

15.2%17.9%

16.0%16.5%15.8%15.5%

11.8%9.2%

7.4%

10.9%

6.2%135

171

234202

185161152

119

7551

91

41

6.2%

10.9%

7.4%9.2%

11.8%

15.5% 15.8% 16.5% 16.0%17.9%

15.2%

11.2%

PROFIT SUMMARY

15

unit : Mil Baht

Profit & Loss 2Q/17 1H/17Mil B % on Sales Mil B % on Sales

Gross Margin 384.5 31.7% 770.7 33.0% Selling Expenses 146.4 12.1% 271.8 11.7%

Administrative Expenses 60.5 5.0% 108.1 4.6%

Net Profit 135.3 11.2% 306.3 13.1%


BALANCE SHEET

16

Separate Financial Statements Unit Jun 17 Dec 16 Change

A/R - local collecZon period Days 79 71 8

A/R - export collecZon period Days 15 13 2

Finished goods holding period Days 7 5 2

Inventory holding period Days 79 40 39

A/P payment period Days 30 34 (4)

DE RaZo Times 0.63 0.37 0.26

PRESENTATION AGENDA

Company Overview


Business Outlook

Q&A


TKN BUSINESS OUTLOOKInsert some short and brief lorem ipsum explanatory text about Ztle here

18

Brand Story, Customer FocusBRAND BUILDING

Machine, Packaging, Seasoning House

TECHNOLOGY

China, Indonesia, CLMVDISTRIBUTION CHANNEL

Raw MaterialSUPPLY CHAIN

MEDIUM TERM PLAN :To be Global snack company, with target to reach 10 billion baht in annual sales and to have product on shelved in over 100 countries by Y2024

COMPETITIVE ADVANTAGE :


3Q/17 HIGHLIGHTS

19

Sales

• New product launch : Taokaenoi Seasoned Laver

in China market, and Whey Protein ‘My Whey’

• New branch of Taokaenoi Land (9th) - Siam

Square (Bangkok)

Production

• Rojana Production Phase II - Grilled Seaweed

(capacity 2,000 tons) start from 3Q/17

Net Profit

• BOI : Corporate Income Tax 0% for Rojana factory

PRESENTATION AGENDA

Company Overview


Business Outlook

Q&A


Q&A

21


CONTACT

22

• Address:

Taokaenoi Food & Marketing PLC.

337 Bond Street Road, Bangpood,

Pakkred, Nonthaburi 11120 Thailand

+66 2984 0666

• Investor Relations:

Koosoon Rattanaporn

[email protected]

+66 2984 0666 #315Disclaimer

The information contained here is being furnish on a confidential basis for discussion purposes only and only for the use of the recipient, and may be subject to completion or amendment through

the delivery of additional documentation. Except as otherwise provided herein, this document does not constitute an offer to sell or purchase any security of engage in any transaction. The

information contained herein has been obtained from sources that Taokaenoi Food & Marketing Public Company Limited (“TKN”) considers to be reliable; however, TKN makes no representation as

to, and accepts no responsibility or liability for, the accuracy or completeness of the information contained herein. Any projections, valuations and statistical analyses contained herein have been

provided to assist the recipient in the evaluation of the matters described herein; such projections, valuations and analyses may be based on subjective assessments and assumptions and may utilize

one among alternative methodologies that produce differing results; accordingly, such projections, valuations and statistical analyses are not to be viewed as facts and should not be relied upon as

an accurate representation of future events. The recipient should make an independent evaluation and judgement with respect to the matters contained herein.

Documents

Opp Day 2Q/17 - Thailivestreamsetlive.thailivestream.com/data-file/events/pdf/280817075408-OPPDAY... · TAOKAENOI FOOD & MARKETING PLC. SALES BY PRODUCT 13 6% 3%2% Grilled SW 41%