DRT Diamond Roofing Tiles Public Company Limited. Analyst Briefing - - PowerPoint PPT Presentation

Analyst Briefing on March 9, 2007 Analyst Briefing on March 9, 2007

DRT

Diamond Roofing Tiles Public Company Limited.

Product Line

Fiber Cement Roofing Tiles (FC): 68% of sales Fiber Cement Roofing Tiles (FC): 68% of sales Concrete Roofing Tiles (CT) Concrete Roofing Tiles (CT): 16% of sales : 16% of sales Siding Board (SB) Siding Board (SB): : 14% of sales 14% of sales

Roman tile (กระเบื้องลอนคู) Small corrugated sheet (กระเบื้องลอนเล็ก) Adamas (กระเบื้องคอนกรีตแบบเรียบ) Flat sheet (กระเบื้องแผนเรียบ) Louvre (กระเบื้องบานเกล็ด) Ridge (ครอบ) Concrete Ridge (ครอบคอนกรีต) Gran Onda (กระเบื้องคอนกรีต) Siding board (ไมฝา)

Product Line

Jearanai Tiles (NT) Jearanai Tiles (NT): : new product new product

Shingle Roof (กระเบื้องเจียระไน) Jearanai Mold (ไมบัวเจียระไน) Jearanai Board (แผนผนังเจียระไน)

Accessories Accessories: : 2% of sales 2% of sales แผนสะทอน ความรอน

Dry fix system

ขอยึด กระเบื้อง ตะปูเกลียวยึด กระเบื้อง ตะปูเกลียวยึด แป แผนปด รอยตอ แผนปดหัว รางน้ํา รางน้ําสัน ตะเข แปกัลปวาไนซ

Jearanai Lath (ไมระแนงเจียระไน)

Financial Summary Year 2002 - 2006

Revenue Structure

Total Revenue Total Revenue

+ 16%

• 35%
• 27%
• 3 0 0

6 0 0 9 0 0 1 , 2 0 0 1 , 5 0 0 1 , 8 0 0 2 , 1 0 0 2 , 4 0 0 2 , 7 0 0 O th e r s 2 3 . 1 1 4 5 . 6 6 1 2 . 9 1 2 2 . 1 5 1 4 . 4 5 T r a n sp o r ta ti o n 4 3 . 0 5 6 7 . 3 4 6 7 . 5 7 8 5 . 2 9 6 2 . 2 5 S a l e s 1 , 6 4 5 . 1 4 1 , 7 9 7 . 8 3 1 , 9 9 3 . 7 4 2 , 0 0 0 . 5 8 2 , 3 2 7 . 8 6 Y 2 0 0 2 Y 2 0 0 3 Y 2 0 0 4 Y 2 0 0 5 Y 2 0 0 6

Growth

2,108.02 2,404.56

MB

1,711.30 1,910.83 2,074.22

1 4 %

Revenue Structure

Product Mix Product Mix

• 2 0 0

4 0 0 6 0 0 8 0 0 1 ,0 0 0 1 ,2 0 0 1 ,4 0 0 1 ,6 0 0 1 ,8 0 0 2 ,0 0 0 2 ,2 0 0 2 ,4 0 0 A c c e s s o r ie s

• 2 0 .8 6

4 0 .8 7 4 1 .2 3 J e a r a n a i *

• 9 .0 6

1 0 .0 8 S id in g Bo a r d 4 9 .9 5 1 0 6 .0 4 1 9 3 .1 0 2 6 5 .5 1 3 3 3 .1 0 C o n c r e t e T ile s 3 3 4 .8 1 3 8 8 .7 1 4 4 2 .8 5 4 5 0 .7 5 3 6 0 .8 0 Fib e r C e m e n t 1 ,2 6 0 .3 8 1 ,3 0 3 .0 8 1 ,3 3 6 .9 2 1 ,2 3 4 .4 0 1 ,5 8 2 .6 5 Y 2 0 0 2 Y 2 0 0 3 Y 2 0 0 4 Y 2 0 0 5 Y 2 0 0 6 2,000.58 2,327.86

MB

1,645.14 1,797.83 1,993.74

Growth

16%

3% 6% 72% 1% 10% 22% 67% 20% 77% 22% 62% 23% 13% 2% 0.5% 14% 16% 68% 0.4% 2% + 28%

• 20%

+ 25% + 11% + 1%

Cost Structure

Cost of Goods Sold Cost of Goods Sold

* Other : Own Personal , Depreciation , Electricity, Change in inventories ~ 20,000 Tons~ 100MB

• 200

400 600 800 1,000 1,200 1,400 1,600 1,800 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Other * 280 357 383 359 486 Transport Cost 81 129 144 143 125 Raw Material Cost 679 751 919 978 962 % COGS 62% 66% 70% 71% 66% Y2002 Y2003 Y2004 Y2005 Y2006

1,481 1,573 MB

Growth

1,040 1,237 1,445 + 35%

• 2%
• 13%

6%

Selling & Admin Expenses

Selling & Admin Expenses Selling & Admin Expenses

• 50

100 150 200 250 300 350 400 450 500

0% 5% 10% 15% 20% 25% 30%

Logistic Exp. 36.50 50.03 62.76 68.61 70.12

• Admin. Exp.

81.95 64.53 66.93 63.86 108.01 Sales&Marketing exp. 84.51 92.11 102.35 104.34 101.87 Personal exp. 64.52 63.30 78.92 91.30 104.35 % of Sales 15.8% 14.5% 15.1% 15.7% 16.1% Y2002 Y2003 Y2004 Y2005 Y2006

* คาใชจายในการขายและบริหารไมรวมรายการพิเศษ

MB 328.11 384.34 267.47 269.96 310.96 + 69%

• 2%

+ 14% + 2%

21%

535 577

Employees No.

651 656 673

Profitability

GP, EBITDA, Net Profit (After Tax) GP, EBITDA, Net Profit (After Tax)

354 403 304 299 434 200 400 600 800 1,000 Y2002 Y2003 Y2004 Y2005 Y2006 0% 5% 10% 15% 20% 25% EBIT EBIT Margin 325 339 215 201 314 200 400 600 800 1,000 Y2002 Y2003 Y2004 Y2005 Y2006 0% 5% 10% 15% 20% 25% Net Profit Net Profit Margin

MB MB

45% 56%

628 616 605 817 648 200 400 600 800 1,000 Y2002 Y2003 Y2004 Y2005 Y2006 0% 10% 20% 30% 40% 50% Gross Profit Gross Profit Margin

MB

3 5 %

Dividend Yield

EPS, Dividend Payout Ratio EPS, Dividend Payout Ratio

• 1.00

2.00 3.00 0% 25% 50% 75% 100% EPS (Bt/Share) 2.03 2.12 1.35 1.22 1.57 Dividend Payout (%) 0% 35% 93% 82% 70% Y2002 Y2003 Y2004 Y2005 Y2006

28%

Balance Sheet

Asset Asset Liabilities and Capital Liabilities and Capital

715 591 662 793 990 1,133 505 566 560 778 500 1,000 1,500 2,000 Y2002 Y2003 Y2004 Y2005 Y2006

Current Asset Non Current Asset MB 8% 1 4 %

218 225 247 223 239 228 626 965 981 1,268 1,402 260 150 16 244 500 1,000 1,500 2,000 Y2002 Y2003 Y2004 Y2005 Y2006

Financial Debt Other Liabilities Capital

MB 16% 11% 5%

* ราคาตลาด ณ วันสิ้นปของแตละป

Item Y2005

% of sales

Y2006

% of sales 100.00 100.00 (65.81) 34.19 (11.91) 18.17 13.14 (70.99) 29.01 (11.59) 14.34 9.64 2,085.87

%Growth

2,390.11 14.6 6.2 35.0 17.7 45.1 56.1 28.3 10.6 (1,573.02) 817.08 (284.58) 434.19 314.04 1.57 7.01 5.70 (1,480.75) 605.12 (241.79) 299.16 201.14 1.22 6.34 4.92 Sales COGS GP SG&A EBIT Net Profit EPS Book Value P/E Ratio*

Financial Summary

Sales Contribution

Y2005/Y2006 Y2005/Y2006

MB Y2005 Y2006 %Growth Export 98 173 + 77% Project 107 95

• 11%

Agent 1,795 2,059 + 15%

Y2005

Export 4.89% Agent 89.76% Project 5.35%

Y2006

Export 7.44% Agent 88.46% Project 4.09%

Efficient Cost Control

Lower cost of goods sold resulting from various factors Lower cost of goods sold resulting from various factors

More efficient production process. Less lost from production. Yield of production around 98%. Utilization of Total production by 90%.

Outlook for 2007 Sales Growth by 10 %

Growth Drivers

Products from the new production line NT-8 . Siding Board Sheet Board Replace competitors’ share Non colored Roman Tiles Flat sheet

Q&A

Thank you