AY Q4 11 11 ORTUNIT Halcyon yon Technology ogy PLC. LC. (HTE - - PowerPoint PPT Presentation
O PPOR TUNITY D AY AY Q4 11 11 ORTUNIT Halcyon yon Technology ogy PLC. LC. (HTE TECH) CH) 6 March 2012 O VERVIEW RVIEW 1. Business Overview 6. Conso. Performance & Financial Highlights Company Structure 7. Investment Plan for
Halcyon yon Technology
TECH) CH)
6 March 2012
Company Structure
Products
2
y Str Struct cture re
ts
Atek ek Preci cisio sion n Tools Inc. . (ATE TEK)
March 2011
Authorized Capital: PHP 10 mill. 100%
Halcy cyon
nology PCL. . (HTECH) TECH)
since 2002
Authorized Capital: THB 240 mill.
Halcy cyon
, Ltd. d. (HM) M)
since 1993
Authorized Capital: THB 50 mill.
Haltek ek Co., Ltd. d. (HC)
since 2010
Authorized Capital: THB 10 mill.
Halcy cyon
nology (Phi hilipp lippines) ines) Inc. . (HP)
August 2010
Authorized Capital: PHP 145 mill. 100% 70% 65%
HALCYON TECHNOLOGY PLC. (HTECH) - Manufacturer of Special Cutting Tools including
Polycrystalline Diamond (PCD), natural diamond, CBN and carbide
HALCYON METAL CO., LTD. (HM) - Manufacturer of High Precision Parts, including Jigs &
Fixtures, Toolholder, and other Metal Fabrications
HALTEK CO., LTD. (HC) - Trading company for Standard Carbide Cutting Tools, including
indexable inserts and toolholding systems, milling tools, boring tools, etc.
HALCYON TECHNOLOGY (PHILIPPINES) INC. (HP) - Manufacturer of Special Cutting Tools
including Polycrystalline Diamond (PCD), natural diamond, CBN and carbide; Jigs & Fixtures and other Metal Fabrications; Trader for Standard Carbide Cutting Tools
ATEK PRECISION TOOLS INC. (ATEK) - Trading company for Standard Carbide Cutting
Tools, including indexable inserts and toolholding systems, milling tools, boring tools, etc.
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Product Type Features Applications PCD Inserts
for turning or cutting
HDD parts
PCD Boring Tools • One-lip PCD cutting edge for
boring straight up or step hole as small as 3.00 mm
for very fine surface finish
and other Aluminum products
PCD Endmills
milling, cutting or boring a hole as small as 3.00 mm
available
parts or in Woodworking process
Product Type Features Applications PCD Drills
Ferrous or multi-layer materials
compared to carbide drills
better quality parts – no burrs
aerospace parts, and other Aluminum products
PCD Reamers
straight or step hole
Boring or Endmill tools
electronic, and automotive parts
PCD Brazed Tools • PCD cutting edge(s)
time – can drill and cut at the same time
automotive parts
Product Type Features Applications
PCD Hollow Tools
cycle time by combining many tools into one tool
Electronics parts
Special Carbide Cutting Tools
with tight dimensional control down to 0.002 mm
reamer, insert, boring tools, hollow tools
automotive, aerospace, medical, watch, jewelry, and abrasive materials, etc.
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Pol
ycrystall lline ine Cu Cubi bic c Bo Boron
ide (PCBN) Cutti ting ng Too
ls
Suitable for cutting high-hardness
materials (above 50 HRc), cast iron, sintered materials
Highly resistant to heat and abrasion
– perfect for finishing and effective for tolerance control
Cost-saving due to turning/milling
instead of grinding process
Products include Inserts, Boring
Tools, Endmills, Reamers
Applications:
Click to Play y Video
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PC PCD Cu Cutting ing Too
ls with h Ch Chipb pbrea reaker
Modified from our standard PCD
cutting tools by adding chipbreaker
Reduce surface scratches and long,
curling chips that are hard to remove
Can increase productivity up to 30%
by increasing RPM feed rate
Longer tool life due too low heat and
low pressure on cutting area
Products include Inserts, Boring
Tools, Brazed Tools
Applications:
Click to Play y Video
Product Type Features
Jigs & Fixtures
used to hold workpiece in the right position in order to ensure that every piece of work is drilled, milled,
Toolholders to hold cutting tool in order to proceed work conveniently; such as holder for PCD Insert, Drill, Reamer, Endmill or Boring Bar
Product Type
Mass Products
Batch Products
Pressure Elements Hinges for Jewelry/Watch boxes Diaphragm Chuck Toolholders Automation Machine Parts
Halcyon cyon Tec echnology
c Co., Lt Ltd.
81.53 67.54 68.15 54.28
0.00 10.00 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 Q1'10 Q2'10 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Sales les (THB B millio ion) n)
PCD Carbide PCBN Other (Trading)
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Sales to customers in Non-HDD sector continue
HDD Customers = 32 ; Non-HDD = 67 (active in 2011)
17 84% 16%
2009
79% 21%
2010
HDD Non-HDD 72% 28%
2011
Halcyon cyon Metal Co., Lt Ltd.
30.11 28.44 26.04 26.27
0.00 5.00 10.00 15.00 20.00 25.00 30.00 35.00 Q1'10 Q2'10 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Sale les s (THB millio ion) 19
Haltek ek Co., Lt Ltd.
0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 Q1'10 Q2'10 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 Sales les (THB B millio ion) n)
Tools Oil Rods 4.28 9.25 4.51 13.67
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cyon n Tec echnology
ippines ines) ) Inc. c.
TEK Pre recisi sion
s Inc.
0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 Jan'11 Feb'11 Mar'11 Apr'11 May'11 Jun'11 Jul'11 Aug'11 Sep'11 Oct'11 Nov'11 Dec'11 Sales les (million illion THB) HP ATEK 23
HP sales in Nov.–Dec. increased significantly due to flood
crisis in Thailand
Now passed the break-even point and profit continues to
grow as follows:
HDD trend in the Philippines is projected to continuously
increase throughout 2012
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Q1 Q2 Q3 Q3 Q4 2011 Gross Margin - 55.57% 46.63% 32.94% 39.86% 37.26% 6% Net Margin
2.44% 7.96% 20.65% 3.81%
10 20 30 40 50 60
40 60 80 100 120 Q1'09 Q2'09 Q3'09 Q4'09 Q1'10 Q2'10 Q3'10 Q4'10 Q1'11 Q2'11 Q3'11 Q4'11 HT HM HC HP Gross Profit Net Profit 26
Sales (THB million) Profit (THB million)
279.64 236.80 360.48 412.47
125.16 93.88 146.80 180.31 71.00 65.03 86.59 88.50
200 300 400 500 600 2008 2009 2010 2011 2012 (Forecasted)
THB (million) Year
Sales Revenue Gross Profit Net Profit
+52.23% +14.42% +25-30%
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Unit: million THB
2010 2011 % Change Total Revenue* 360.48 412.47 +14.42% Gross Profit 146.80 180.31 +22.83 Gross Profit Margin 40.72% 43.72% +7.35% Net Profit 86.10 88.50 +2.79% Net Profit Margin 23.34% 21.05%
* Other Income included
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452 562 675 135 142 201 318 420 474
200 300 400 500 600 700 800 2009 2010 2011
Capital Structu cture re
Asset Liabilities Equity 93.88 146.80 180.31 65.03 87.89 86.85 40% 41% 44% 27% 24% 21% 0% 10% 20% 30% 40% 50% 50 100 150 200 2009 2010 2011
Profitability ty
Gross Profit Net Profit GP Margin NP Margin
84.93 103.88 63.59 28.00 49.49 113.96 1.49 0.89 0.48 0.42 0.34 0.44 0.00 0.50
1.00 1.50 2.00
40 60 80 100 120 2006 2007 2008 2009 2010 2011
D/E Ratio
Total Borrowing D/E Ratio 0.84 1.14 1.41 1.30 1.63 1.55
1.00 1.50 2.00 2006 2007 2008 2009 2010 2011
Curre rent t Ratio
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THB Million THB Million THB Million (Current Asset / Current Liabilities)
Special Cutting Tools 73% Tooling 15% Metal Fabrication 8% Other 4%
2009 2009
Special Cutting Tools 71% Standard Cutting Tools 2% Tooling 16% Metal Fabrication 8% Other 3%
2010
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HP 15% HT 56% Standard Cutting Tools 7% Tooling 15% Metal Fabrication 4% Other 4%
2011
Special Cutting Tools 71%
Ma Machine ne Name Qty. Arriv ival al Applicati pplication
Manual PCD/CBN Tool Grinding Machine 1 February PCD/PCBN Products PCD Wirecut Machine 2
PCD Products CNC PCD/CBN Tool Grinding Machine 3
PCD/PCBN Products Carbide Micro Drill System 1 Q3-Q4’2012 Carbide Products PCD Laser Cut Machine 1 Q4’2012 PCD Products Filter & Chiller System 4 Jan.-June Production Improvement High Speed Spindle D16/D88 1 February Production Improvement Air Compressor 1 April Production Improvement
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Total 8 Machines + Accessories = THB 75 million
Machine ne Name Qty. Appli licati cation
Carbide Grinding Machine 1 PCD/Carbide Products Manual PCD/CBN Tool Grinding Machine 2 PCD/PCBN Products PCD Wirecut Machine 1 PCD Products PCD/CBN Wirecut Machine 2 PCD/PCBN Products CNC PCD/CBN Tool Grinding Machine 1 PCD Products
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Total 7 Machines = THB 25 million
END