Halcyon Technology Public Co., Halcyon Technology Public Co., Ltd. Ltd. 10 March 2010
Content Content TOPIC Page Business Overview 3 Product Types (HT) 4-7 New Products 8-9 Product Types Product Types (HM) (HM) 10-11 10-11 Financial Highlights 12-17 New Machine & Product 18-21 Industry Outlook 22-35 Customer Base 36-37 General Information 38 2
Business Overview Business Overview - - Halcyon Group Halcyon Group Halcyon Technology (HTECH) Halcyon Technology (HTECH) since Nov. since Nov. 2002 2002 Authorized Capital 240 MB • A manufacturer of diamond cutting tool, including Polycrystalline Diamond (PCD) including Polycrystalline Diamond (PCD), CBN, Natural Diamond, and Carbide 100.00% 70.00% Halcyon Metal (HM) Halcyon Metal (HM) Halcyon Metal (HM) Halcyon Metal (HM) Haltek (HC) Haltek (HC) Haltek (HC) Haltek (HC) since Nov. 1993 since Nov. 1993 since Apr. since Apr. 2010 2010 Authorized Capital 50 MB Authorized Capital 10 MB • A manufacturer of high precision • A trading company for Indexable parts, including Jig & Fixture, Inserts and Solid Carbide Cutting Holder, and Metal Fabrication Tool System 3
Product Types Product Types - - Halcyon Technology Halcyon Technology Polycrystalline Diamond (PCD) Polycrystalline Diamond (PCD) One of the hardest substances used in cutting tools for O f th h d t b t d i tti t l f non-ferrous materials The hardest material with highest wear resistance to abrasion High density material which can produce high surface finishing parts g p Long-life tooling & multiple resharpening Maximum efficiency for non-ferrous materials Group of Products Group of Products PCD Boring Tool PCD Reamer g PCD Endmill Tool PCD Hollow Tool PCD Insert PCD Drill PCD Brazing Tool Carbide Special Tool PCD B i T l C bid S i l T l Source: www.technologymedia.com 4
Product Types Product Types - - Halcyon Technology Halcyon Technology Product Product Detail Detail Application Application PCD Boring Tool PCD Boring Tool Electronic parts and aluminum There is one-lip cutting edge for boring products, Most application in turning straight or step hole as small as 3.0 MM. process High precision but need some polishing for very fine surface finish for very fine surface finish PCD Endmill Tool PCD Endmill Tool PCD Endmill Tool PCD Endmill Tool HDD and woodworking Most application in HDD and woodworking, Most application in There is two- lip cutting edge for milling, milling cutting, or boring a hole as small as 3.0 process MM Provide faster work process than boring tool PCD Insert PCD Insert There is one-lip cutting edge for turning or Electronic parts, Most application in turning cutting cutting process p Need to use with holder Reduce production cost since replace only insert when it damaged Reduce set up time 5
Product Types Product Types - - Halcyon Technology Halcyon Technology Product Product Detail Detail Application Application Automobile parts / HDD., Suit for turning PCD Brazing Tool PCD Brazing Tool process There is one-lip cutting edge for turning or cutting No limit of design for cutting head, making the tool more practical for use the tool more practical for use Low-price since its shank made of steel and quick production PCD Reamer PCD Reamer PCD Reamer PCD Reamer Electronic parts and HDD, Suit for milling Electronic parts and HDD Suit for milling For reaming straight or step hole For reaming straight or step hole and turning process Produce finest surface finish compare to boring and endmill tool Longer tool-life compare to others Suitable for mass production p Replace imported products PCD Hollow Tool PCD Hollow Tool Electronic parts and HDD, Suit for milling For making pin in one step since it is able to process d ill drill and cut at the same time d t t th ti Reduce working process and cycle time Suitable for mass production Replace imported products 6
Product Types Product Types - - Halcyon Technology Halcyon Technology Product Product Detail Detail Application Application PCD Drills PCD Drills Electronic parts and aluminum New solution of drilling on Non-Ferrous products, suitable for drilling process metal Sharper cutting edge without any burrs Long lifetime and lower wear compared L lif ti d l d to carbide drill Tighten dimensional control which can eliminating reamer Excellent surface finishes and better quality parts Carbide Cutting Tools Carbide Cutting Tools Emphasize on special size and special E h i i l i d i l Electronic parts, General Metal Works, design cutting suitable for milling and turning process Need to use with holder Tighten dimensional control which down to 0.002 mm Carbide grade K-10 Reduce the cycle times Reduce set up time Good for heavy cutting processes 7
New Products in New Products in 2009 2009 – – Halcyon Technology Halcyon Technology PCD Cutting Tool Products (Special Micro Size) PCD DRILL DIA. 1.0 DIAMOND DIAMOND ใช้ในอุตสาหกรรม HDD, แผงวงจรอิเล็กทรอนิค , Medical, Air Craft, Abrasive Material และอุตสาหกรรมอื่นๆ ทั่วไป เริ่มผลิตในช่วง Dec/2009 และจะสามารถเพิ่มรายได้อีกประมาณ 1 ล้านบาท /1 เครื่องจักร /1 เดือน ในส่วนของ Cutting Tools ซึงมี Margin สูง ึ่ ี 8
New Products in New Products in 2009 2009 – – Halcyon Technology Halcyon Technology Carbide Cutting Tool Products (Special Micro Size) ใช้ในอุตสาหกรรม HDD, Electronic Parts, Small Components และอุตสาหกรรมอื่นๆ ทั่วไป เริ่มผลิตในช่วง Dec/2009 และจะสามารถเพิ่มรายได้อีกประมาณ 1 ล้านบาท /1 เครื่องจักร /1 เดือน ในส่วนของ Cutting Tools ซึ่งมี Margin สูง 9
Product Types Product Types – – Halcyon Metal Halcyon Metal TOOLINGS • Jig & Fixture: to hold workpiece being in the right position in order to ensure that every piece of work is drilled, milled or cut as the standard format • Holder: to hold cutting tool in order to proceed work conveniently such as holder for PCD Insert 10 10
Product Types Product Types – – Halcyon Metal Halcyon Metal METAL FABRICATION • Mass Products Screw Nut & Screw Metal Screw Nut & Screw Metal Parts of Jewelry Box and watch box Parts of Jewelry Box and watch box • Batch Products 11 11
Financial Highlights Financial Highlights Profitability Capital Structure 140.00 50% 45% 500 452.1 45% 125.16 125.16 120 00 120.00 40% 40% 39% 39% 40% 371.83 400 104.61 341.08 100.00 35% million Baht million Baht 317.5 93.88 30% 272.87 80.00 300 25% 251.44 27% 71.00 25% 65.03 60.00 180.11 20% 163.24 200 160.97 14% 134.6 15% 15% 120 39 120.39 40.00 40 00 109.63 109 63 38 73 38.73 10% 100 20.00 5% 0.00 0% 0 2006 2007 2008 2009 2007 2008 2009 Asset sset Liabilities ab t es Equity qu ty Gross Profit Gross Profit Net Profit Net Profit Gross Profit Gross Profit Net Profit Net Profit D/E Ratio (times) Current Ratio 120 1.6 1 6 1.6 103 88 103.88 1.4 1.49 100 1.4 1.41 84.93 1.2 1.32 million Baht 80 1.2 1 1.14 63.59 1 60 0.89 0.8 0.84 0.6 0.8 28 40 0 4 0.4 0.48 0 48 0.6 0.42 20 0.2 0.4 0 0 0.2 2006 2007 2008 2009 0 2006 2007 2008 2009 Total Borrowing D/E Ratio 12 12
Cutting Tool (HT) Capacity Utilization Capacity Utilization – – Cutting Tool (HT) Change in Change in Capacity Ave.per 2008 2008 Q1/2009 Q1/2009 Q2/2009 Q2/2009 Q3/2009 Q3/2009 Q4/2009 Q4/2009 % f % from 2009 2009 % from % f Q/2008 Unit: Pieces Q3/2009 2008 PCD Boring Tool 45,224 11,306 6,736 8,242 10,520 10,482 35,980 -0.36% -20.44% PCD Endmill Tool 23,978 5,995 3,220 5,099 6,829 6,628 21,776 -2.94% -9.18% PCD Insert 73,729 18,432 9,796 13,159 15,230 16,549 54,734 +8.66% -25.76% PCD Brazing Tool 5,398 1,350 995 1,888 1,389 1,853 6,125 +33.41% +13.47% PCD Reamer 2,400 600 410 958 1,279 1,526 4,173 +19.31% +73.88% PCD Hollow Tool 6,900 1725 970 2,078 3,629 3,636 10,313 +0.19% +49.46 PCD Drill - - - - - 20 20 - - Carbide Cutting Tool - - - - 270 352 622 +30.37% - Total Capacity 157,629 39,407 22,127 31,424 39,150 41,030 +4.80% 133,731 Working Hours / Month (Jan. Working Hours / Month (Jan.- -May) : May) : 300 300 hrs. hrs. Working Hours / Month (June Working Hours / Month (June-Dec.) : Working Hours / Month (June Working Hours / Month (June Dec.) : Dec.) : 572 Dec.) : 572 572 hrs. = 572 hrs. hrs. = 100 hrs. 100 100% 100% % % 13 13
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