Opportunity Day LOXLEY PUBLIC COMPANY LIMITED. Mar 14, "Inspired Choice for Customers, Business Partners and Investors"

Transcription

1 Opportunity Day LOXLEY PUBLIC COMPANY LIMITED Mar 14, 2013 "Inspired Choice for Customers, Business Partners and Investors"

2 1. Business and Revenue Structure 2. Financial Result Y Backlog and Potential 4. Overview

3 Business Structure ICT & Project Trading Service Associates ICT & Telecom - Telecommunication network & Service - Information and Communications Technology - Hardware & Software Solution with maintenance service Project - Distribution of consumer and chemical product - Distribution of construction equipment - Automobile service - AI Japanese Restaurant - Security system provider - Security guard service BP-Castrol 40% Blue Scope Lysaght 25% Blue Scope Steel 25% L-Solar 1 45% - Electricity and water management system - TV & Radio communication Technology - Service and procurement of technology products - Installation of expressway management system - Railway signaling system - Real estate management & service Thai Fiber Optics 40% Guardfire 30% Loxley Gtech 35% Oriental Post 50% Thanthiya 25% MVNO 3

4 Business Overview Transmission Line 3G Network Electronic Toll Collection Broadcast Cable Submarine Network Power Substation ICT & Project Trading Business Dipping Sonar System Locomotive Service Business Joint Venture Business Security Solution Services 4

5 Revenue Structure ( ) THB Million Annual Revenue 14,127 14, s Revenue Structure 8 1,200 ICT Trading 14,834 1,000 Service 800 Service 996 1,600 1, ,600 22,803 22,803 10,158 10,076 10,281 23,114 20,279 1,400 23,114 9,499 20,279 8,730 1,200 20,279 16,646 20,000 16,646 14,834 20,000 16,646 1,000 14,834 5,122 5,241 5,310 2,207 4,482 4,617 4,224 2,207 4,303 15, ,872 15, ,173 1,215 1,086 10, , , ,086 10, ,173 1, , ICT & Project Trading 5,000 Service Total - 1, Equity Profit from Associates ,173 1, Service, 5.4% Trading, 20, % - - THB Million JV Profit - Equity profit Revenue 1,600 22,803 23,114 Profit Equity profit Revenue L Solar 1, 20,279 fit Equity 1,400 profit Revenue 4% 20,000 Blue Scope ICT Trading 1,200 16,646 Lysaght, 5% 14,834 2,207 1,000 15, ,000 5,000 23,114 2, Blue Scope Steel, 40% 15,000 10,000 5,000 - ICT & Project, 67.2% 2012 s Equity Profit Structure Others, 5% BP Castrol, 46% - - Profit Equity profit Revenue 5

6 1. Business and Revenue Structure 2. Financial Result Y Backlog and Potential 4. Overview

7 Financial Highlights 4Q12 and 2012 Increasing net profit Consolidated Profit & Loss Statement THB Million 4Q11 1Q12 2Q12 3Q12 4Q Sales 3,404 3,448 3,399 3,522 3,766 14,127 14,135 Costs 2,890 2,963 2,915 2,989 3,226 12,087 12,093 Gross profit ,040 2,042 Selling & admin expenses ,947 1,974 EBIT Finance cost Income tax Net profit Key financial ratios % Gross margin 15% 14% 14% 15% 14% 14% 14% % SG&A/sales 14% 13% 15% 14% 15% 14% 14% % Net margin 3% 5% 2% 4% 4% 2% 4% EPS Quarterly revenue was maintained at 3,500 MB while annual revenue was around 14 billion Baht. Gross margin was also relatively stable at 14%-15%. Net profit increased by 76% in 2012 and net profit margin stood at 4%. 7

8 Revenue and EBIT 4Q12 and 2012 THB Million Revenue 14,127 14,135 Revenue 3,404 3,522 3,766 4Q11 3Q12 4Q12 Sales VS 2012 ICT&Project : Telecom : Full year revenue of 2 mega projects Trading : Consumer product : Impact from flooding in Q1/2012 THB Million EBIT 881 EBIT VS % Improved significantly due to equity profit from associates Q11 3Q12 4Q12 EBIT

9 Equity Profit and Net Profit 4Q12 and 2012 Equity profit Equity Profit 701 THB Million Q11 3Q12 Equity 4Q12 profit from associate VS % Improved significantly due to BP Castrol no goodwill impairment & no flood crisis Blue Scope sold more of high margin product L Solar 1 first full year operation THB Million Net Profit Net profit VS % 298 Net margin from 2% in 2011 up to 4% in Key contribution : ICT&Telecom Business and Equity profit from Associates 4Q11 3Q12 4Q12 Net profit

10 Financial Status 2011 and 2012 THB Million Consolidated Balance Sheet 6,185 6,700 7,233 7,874 1,604 1,828 4,962 4,405 5,456 4,802 Assets Y2011 Liabilities & Equity Assets Y2012 Liabilities & Equity Shareholders' equity Non current liabilities Current liabilities Non current assets Current assets THB'Million Consolidated Change Current assets 7,233 7,874 9% Non current assets 4,962 5,456 10% Total assets 12,194 13,330 9% Current liabilities 6,185 6,700 8% Non current liabilities 1,604 1,828 14% Total liabilities 7,789 8,528 9% Shareholders' equity 4,405 4,802 9% Current ratio D/E ratio BV/Share (Baht) ROA 2.5% 4.0% ROE 7.0% 11.1% Capital Incremental Plan o Public offering for 165 million shares with expected capital raised of 1 billion Baht o Strengthen financial position as DE ratio will decrease to around 1.5 times o The raised capital of will be utilized in: Additional new project investments both in Thailand and overseas countries Loxley Group s working capital, supporting the company s future business expansion 10

11 1. Business and Revenue Structure 2. Financial Result Y Backlog and Potential 4. Overview

12 Current Backlog ICT, Technology and Project Beginning backlog of Y2013 8,000 MB About 70% will be 2013 revenue. Project Business 28% 2,200 Technology Business 11% 900 4,900 ICT&Telecom 61% 12

13 ICT&Telecom Business 13

14 ICT & Telecom Business Backlog & High Potential Backlog High Potential & Being Studied Projects North Central Northeast 3G Network 1,568 MB 3G Phase II : 10,000 MB Additional coverage in rural areas South UniNet : Fiber Optic Cable Network 1,001 MB Various Small Turnkey Projects (Expansion) 700 MB Myanmar Project : 9,000 MB Loxley partnered with AIT to establish ASC to secure telecom opportunity in Myanmar Smart Thailand : 5,000 MB High speed internet network that emphasizes on cable fiber optic connection technology covering 80% of all population within 3-year time and provide electronic services for governmental units 14

15 ICT & Telecom Business Backlog & High Potential Products Backlog High Potential & Opportunities System Integrator ( SI ) Key Clients Main Products and Services ADM, EDC, Hardware & software solution, Maintenance service THB Million Backlog Loxbit 430 PCC 1,000 NetOne 263 Total 1,693 Banking - self service equipments, bank system infrastructure, BPM software & services : estimated value of 1,500 MB. Government - Revenue Dept., Excise Dept., Ministry of Finance, etc. : estimated value of 3,000 MB. Focusing on being a system integrator for large IT turnkey projects Existing clients o Technology update o Recurring revenue (maintenance) New Client 15

16 Technology Business 16

17 Technology Projects on Hand, High Potential and Opportunities Loxley Mobile Non-Polluting Incinerators Launch in February 2013 by set up kiosks in airports as Dong Muang, Chiangmai and Phuket. Migrate i-kool to Tune Talk Customer focus is the travelers by Thai Air Asia channel, Tune Hotels channel and coordinate with Tune Money Win National Innovation Agency Prize in 2011 Launch in 2012, Helping Flood Area in Bangkok, Nonthaburi Focus to Rural Communities / Livestock Department for better life quality 17

18 Technology Projects on Hand, High Potential and Opportunities Water Management 1 1 Government initiated the idea of Intelligent Water Resource Management Platform Loxley AGT offers the best solution with o International and domestic experience in solution provider o Expert in water management esp. in Thailand o Best forecaster and management in flooding crisis Estimated project value 4,500 MB Department of Ground Water Resources project Providing Clean Drinking Water to Primary School all 77 provinces. Ground water resource with Reverse Osmosis System (RO) 18

19 Technology Projects on Hand, High Potential and Opportunities High Potential & Opportunity Double Track Railway 400MB Resignalling 600MB Passenger Coach 115 Units 4,900MB. Diesel Electric Locomotive 50 Units 6,500 MB. Alsthom Refurbished 56 units 3400MB Sriratch-East Ring 510MB Daokanong-East Ring 600MB Motorway Bangyai- Kanchanaburi 3000MB Motorway Bangpain- Nakonratchasima 6000MB 19