Halcyon Technology PLC. HTECH Opportunity Day Q218 19/09/18 2 - - PowerPoint PPT Presentation

▶
halcyon technology plc htech
SMART_READER_LITE
LIVE PREVIEW

Halcyon Technology PLC. HTECH Opportunity Day Q218 19/09/18 2 - - PowerPoint PPT Presentation

Feb 11, 2023 107 likes •333 views

Halcyon Technology PLC. HTECH Opportunity Day Q218 19/09/18 2 Halcyon Timeline Year Milestones 1993 Halcyon Metal Co., Ltd. first established for the manufacturing of jigs & fixtures and other metal fabricated products 2002

slide-1
SLIDE 1

Halcyon Technology PLC. “HTECH”

Opportunity Day Q2’18

19/09/18

slide-2
SLIDE 2

Halcyon Timeline

Year Milestones 1993 Halcyon Metal Co., Ltd. first established for the manufacturing of jigs & fixtures and other metal fabricated products 2002 Halcyon Technology Co., Ltd. established for new segment of PCD cutting tools at current location 2005 Launched PCD Hollow Tools that changed the HDD world 2009 IPO under symbol “HTECH” 2010 Started expanding overseas – 2nd factory in the Philippines 2017 New factory building at HT and new factory in Hanoi, Vietnam; Consolidated revenue reached 1 billion THB

2

slide-3
SLIDE 3

HT New Factory Building

  • 6 years BOI tax exemption
  • Phase One fully operating since Dec’17

with ~50% free space in factory

  • Q3’18: added 5 machines to free up

bottleneck secondary process

  • Q1-2’19: plan to add 6 more machines

for carbide process

3

slide-4
SLIDE 4

Halcyon in ASEAN Market

Halcyon Technology Public Co., Ltd. (HTECH) since 2002 Halcyon Metal Co., Ltd. (HM) since 1993 HTECH holds 100% FDM Technology Co., Ltd. (FDM) since 2002 HTECH holds 60% (2012) Halcyon Tools and Engineering Co., td. (Heng) since 2016 FDM holds 90% Halcyon Technology Vietnam Co., Ltd. (HV) since 2014 HTECH holds 85% Halcyon Technology (Philippines) Inc. (HP) since 2010 HTECH holds 65% ATEK Precision Tools (ATEK) since 2011 HP holds 100% Halcyon Technology (M) Sdn. Bhd. (HY) since 2013 HTECH holds 60% Halcyon Technology (Singapore) Pte. Ltd. (HS) since 2013 HTECH holds 70% PT HTECH Tools Indonesia (HI) since 2012 FDM holds 60%

Factory Distributor 4

slide-5
SLIDE 5

Halcyon Products

slide-6
SLIDE 6

Cutting Tool Types

PCD

(Polycrystalline Diamond)

MCD

(Monocrystalline Diamond) Applications:

super-finishing and critical applications Materials: brass, copper, aluminum, acrylic Industry: Lens, Jewelry, Watch, Automotive

PCBN

(Polycrystalline-Cubic Boron Nitride) Applications:

cutting super-hard materials Materials: cast iron, hardened mat. (>50 HRc), sintered mat. Industry: Automotive, machinery parts

Carbide

Applications: General purpose cutting Materials: Steel, aluminum, plastic, wood, etc. Industry: Used in most industries Applications: cutting non-ferrous materials Materials: aluminum, brass, copper, abrasive materials, wood, acrylic, etc. Industry: HDD, Aerospace, Automotive, medical, jewelry, etc.

6

slide-7
SLIDE 7

PCD Endmill

Tools for HDD

PCD Form Tool PCD Drill PCD Monoblock PCD Hollow Mill PCD Hollow Pin

1 base plate uses up to 10-15 cutting tools

7

slide-8
SLIDE 8

Tools for Automotive

8

slide-9
SLIDE 9

Halcyon Customers

9

slide-10
SLIDE 10

Q2’18 Performance & Financial Highlights

Consolidated HTECH Group Performance

slide-11
SLIDE 11

Consolidated Performance (Q)

* Net Profit of HTECH shareholders only ** Conso. Total Revenue

270 279 40.4% 38.5% 15.6% 16.0%

  • 50

100 150 200 250 300

Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18

Total Revenue (THB million)

HT HM FDM HENG HP HS HYK HI HV Gross Profit Net Profit*

11 2016

Revenue = 826 mill. (+14%) GPM = 39.0% NPM* = 14.3%

2017

Revenue = 1,004 mill. (+22%) GPM = 40.7% NPM* = 14.7%

1H2018

Revenue = 548 mill. GPM = 39.5% NPM* = 15.8%

slide-12
SLIDE 12

Revenue Breakdown (related eliminated)

12

HT 35% HM 6% FDM 14% HENG 4% HP 16% HS 9% HY 9% HI 5% HV 2%

2017

HT 37% HM 6% FDM 16% HENG 5% HP 14% HS 7% HY 8% HI 5% HV 2%

2018 (2Q)

HT Thailand HM FDM HENG HP Philippines HS Singapore HY Malaysia HI Indonesia HV Vietnam

Breakdown by Country:

slide-13
SLIDE 13

HT Performance (Q)

119 125 38.7% 38.5% 19.4% 20.3% 29.8% 20 40 60 80 100 120 140 Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18

Sales (THB Million) Sales Gross Profit Net Profit Dividend

13 2016

Sales = 353 mill. (+8%) GPM = 37.2% NPM = 22.7%

2017

Sales = 464 mill. (+32%) GPM = 39.49% NPM = 24.7%

1H2018

Sales = 244 mill. GPM = 38.5% NPM = 25.1%

slide-14
SLIDE 14

Financial Highlights

Consolidated as of 31/6/18

slide-15
SLIDE 15

Capital Structure

  • 200

400 600 800 1,000 1,200 1,400 1,600 1,800 2014 2015 2016 2017 Q2'18

966 1,023 1,277 1,595 1,657 258 259 253 492 484 633 764 1,023 1,104 1,172

THB million Assets Liabilities Shareholder's Equity 15

slide-16
SLIDE 16

Debt to Equity Ratio

143 141 95 294 349 0.37 0.34 0.28 0.50 0.47 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 50 100 150 200 250 300 350 400 2014 2015 2016 2017 Q2'18 D/E Ratio (times) THB Million Interest-bearing Debt D/E Ratio 16

slide-17
SLIDE 17

Current Ratio

0.5 1 1.5 2 2.5 3 2014 2015 2016 2017 Q2'18 1.88 2.12 2.87 1.73 2.25 Times 17

slide-18
SLIDE 18

Profitability

242 249 322 409 213 68 63 118 148 87 35% 35% 39% 41% 39% 10% 9% 14% 15% 16% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50 100 150 200 250 300 350 400 450 2014 2015 2016 2017 Q2'18 % Margin THB million Gross Profit Net Profit (HTECH) Gross Margin Net Margin (HTECH) 18

slide-19
SLIDE 19

Target Performance 2018

Consolidated HTECH Group Performance

slide-20
SLIDE 20

Target Performance 2018

Actual Q1-2 Target Q3-4

+10% 701 724 826 1,004

39.0% 40.7% 14.3% 14.7%

  • 200

400 600 800 1,000 1,200 2014 2015 2016 2017 2018 Target HT HM FDM Heng HP HS HY HI HV Gross Profit Net Profit*

* Net Profit of HTECH shareholders only ** Conso. Total Revenue

20

slide-21
SLIDE 21

Thank You 

Q&A

slide-22
SLIDE 22

Contact Us

HALCYON HEAD OFFICE

41 Moo 14 Bangchan Industrial Est. Soi 6, Serithai 58, Minburi, Bangkok 10510 GPS Coordinates: 13.799211,100.707114 Tel: +66(0)2 906 3242-50 / Fax: +66(0)2 906 3251 e-mail: info@halcyon.co.th www.halcyon.co.th