1H2007 results Home Product Center Public Company Limited August - - PowerPoint PPT Presentation
ANALYST PRESENTATION 1H2007 results Home Product Center Public Company Limited August 14, 2007 1 HOMEPRO STORE NETWORK (as at June 30,2007) 17 Stores in Bangkok 17 Stores in Bangkok 12 Stores in Upcountry 12 Stores in Upcountry Chieng Mai
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ANALYST PRESENTATION
1H2007 results
August 14, 2007
Home Product Center Public Company Limited
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17 Stores in Bangkok 17 Stores in Bangkok 12 Stores in Upcountry 12 Stores in Upcountry
Phuket Had Yai Pattaya Nakornratchasima Chieng Mai Hua-Hin Samui Khonkan Phitsanulok Udonthani Suratthani Chonburi
HOMEPRO STORE NETWORK (as at June 30,2007)
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Unit : MB
35.4
72.9
3.1
205.9
3.7
278.8
RENTAL & SERVICE
4.2 1.7 1.2 7.1 98.5 21.8 76.7 105.6 2.5 100.0
% on Sales
4.1 1.4 1.2 6.7 99.7 22.7 77.0 106.4 2.8 100.0
% on Sales
15.2
12.4 81.4 93.7
INTEREST
(6.0)
(6.7) 112.1 105.4
TAX
8.2
38.5 469.2 507.7
EBIT
16.1
1,046.2 6,498.8 7,545.0
TOTAL EXPENSES
19.6
282.0 1,438.9 1,720.9
SG&A
15.1
764.2 5,059.9 5,824.1
COGS
15.6
1,084.8 6,968.0 8,052.7
TOTAL REVENUE
%G
VAR 1H’06 1H’07
25.7
42.8 166.2 208.9
OTHER INCOMES
32.9 969.1
11.9
275.7 308.6
NET PROFIT
14.7
6,595.9 7,565.0
SALES
PROFIT & LOSS STATEMENT
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14,224 12,212 9,814 6,753 4,564 3,232 2,188 1,343 1999 2000 2001 2002 2003 2004 2005 2006
Unit : MB CAGR = 40.9% CAGR = 40.9%
Sustainable Sales Growth
7,565 7,628
1q06 1q07
7,628 7,565
1H07 2H06
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60 70 80 90 100 110 120
J a n
A p r
J u l
O c t
J a n
A p r
J u l
O c t
J a n
A p r
J u l
O c t
J a n
A p r
J u l
O c t
J a n
A p r
CCI
Source : The center for economic and business forecasting, UTCC.
Consumer confident index as at June 2007 is 76.8
Declining CCI !!
J u n
6
0.7
0.2
1.7 0.9
Growth Percent YoY
144.1
…
144.1 137.5 156.0 136.9 146.0
147.6 147.1
Retail Sales Index
(at 2002 price) 1.3
118.5
Jan 0.4
120.6
2006
Average
Jun May Apr Mar Feb
119.1
2007
119.0
119.4
120.2
7.1
118.6
2005
N/A
122.1
Growth Percent YoY
119.7
Private Consumption Index
Weak Private Consumption
Source : Bank of Thailand Unit : %
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29 16 31 51 114 220 411 880 266 372 221 488
2.2% 5.6% 3.4% 1.1% 1.7% 0.7% 2.2% 6.2% 7.0% 1.0% 6.4% 5.9%
1999 2000 2001 2002 2003 2004 2005 2006 1Q'07 2Q'07 1H'06 1H'07
Amount %on Sales
Unit : MB
+Rental Business +Others Growth 35.4% 25.7% Mix 57.2% 42.8%
31.1% 31.1%
Rising Other Income
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216 354 560 795 1,235 1,737 2,278 3,116 883 1,439 838 1,721
16.1% 21.8% 18.7% 17.4%18.3% 16.2% 17.7% 21.9% 23.4% 17.3% 22.7% 22.1%
1999 2000 2001 2002 2003 2004 2005 2006 1Q'07 2Q'07 1H'06 1H'07
Amount %on Sales
SG&A Expenses
Unit : MB
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GP & EBIT
7.2% 5.9% 3.6% 3.5% 5.7% 4.5% 3.6% 6.3% 6.6% 7.1% 6.8% 6.7% 23.1% 22.9% 22.9% 20.1% 21.2% 21.1% 19.9% 20.2% 19.9% 21.6% 23.3% 23.0% 1999 2000 2001 2002 2003 2004 2005 2006 1Q'07 2Q'07 1H'06 1H'07
EBIT on Sales %GP
GP EBIT
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32 40 86 109 207 381 505 609 139 276 170 309
4.2% 4.1% 2.4% 3.1% 1.8% 3.9% 4.3% 3.7% 2.7% 4.1% 4.5% 2.4%
1999 2000 2001 2002 2003 2004 2005 2006 1Q'07 2Q'07 1H'06 1H'07
Amount %on Sales
Unit : MB
NPAT
1 1 . 9 % 1 1 . 9 %
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BALANCE SHEET
Unit : MB 0.2 4.8 1,919.8 1,924.6 PAID-UP CAPITAL 6.7 212.8 3,160.1 3,372.9 FINANCIAL DEBT 0.2 6.9 3,077.4 3,084.3 ACCOUNT PAYABLE (7.5) (130.2) 1,738.0 1,607.8 OTHERS 1.1 89.5 7,975.5 8,065.0 TOTAL LIABILITIES 4.7 120.7 2,574.8 2,695.5 INVENTORY 8.1 655.5 8,083.4 8,738.9 Land Building & Equipment 2.1 83.0 3,917.5 4,000.5 TOTAL EQUITIES 5.4 78.2 1,442.0 1,520.2 RETAIN EARNINGS
555.7 SHARE PREMIUM 1.5 172.5 11,893.0 12,065.5 TOTAL ASSETS
%
VAR 31 Dec 06 30 Jun 07
(3.5) (18.8) 539.8 521.0 OTHERS 172.5 (584.9) 1.5 11,893.0 12,065.5
TOTAL LIABILITIES & EQUITIES
(84.2) 695.0 110.1 CASH & DEPOSIT
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ROA - ROE - ROCE
3.2 3.0 19.1 20.3 11.0 21.8 5.8 6.6 7.2 5.5 4.0 4.4 5.2 18.9 31.3 26.1 24.4 16.8 12.1 22.1 15.6 13.9 13.5 11.5 16.1 21.8 16.1 1999 2000 2001 2002 2003 2004 2005 2006 1H-07
Net Profit
ROA ROCE ROE
Unit : %
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Earning per Share : EPS
32 40 86 109 207 381 505 609 139 276 309 170
0.14 0.58 0.18 0.27 0.24 0.51 0.59 0.07 0.32 0.10 0.16 0.09
1999 2000 2001 2002 2003 2004 2005 2006 1Q'07 2Q'07 1H'06 1H'07
Net Profit EPS
Unit : Baht Note : 1. Equity raising 960 MBht in DEC 2006 at ratio 1:1 of 1 Bht /share
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3.62 0.23
0.84
0.92 0.83 0.81 0.47 0.72 2.08 1,000 2,000 3,000 4,000 1999 2000 2001 2002 2003 2004 2005 2006 1H'07
Financial Debts D/E Ratio
Financial D/E Ratio
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Product Differentiation Only at HomePro More joint promotion with business partners
( Suppliers, Credit card, Hire purchase)
Merchandising regrouping Home Care Program
CRM VRM
Fast checkout - Single Sales Warehouse Management System
Store & Sales Customer & Service
Operating Efficiency Improvement
Expand business, Increase Customer satisfaction, Sustainable growth
Management Responses toward declining consumer confidence !!
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Store Expansion Plan
HomePro Store the End of 2007 BKK 17 Stores Upcountry 13 Stores Total 30 Stores
Rayong
Stores Opening Schedule Petchkasem / BKK 16th FEB Chonburi 24th MAR Ram Indra / BKK 21th APR Rayong 4Q’07
Petchkasem and Ram-Indra Chonburi
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Continuous expanding sales area
6.0 56.4 66.9 98.9 113.1 141.3 178.0 204.0 29.3 32.5 2001 2002 2003 2004 2005 2006 2007E Sellable Area Rental Area ‘000 Sqm
9 11 16 18 20 26 30
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Ekamai – Ram Indra
: Apr 21,2007 CHONBURI : Mar 24,2007 PETCHKASEM : Feb 16,2007
NEW STORE OPENING
1st Half 2007
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UPCOMING EVENTS
ANNIVERSARY ANNIVERSARY
HomePro EXPO HomePro Anniversary HomePro Champion OCT 07 SEP 07 AUG – OCT 07
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K.Rakpong, K.Renuka Tel+662-832-1416 Email : IR@homepro.co.th
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