HTECH 2016 Year-End Mar17 2 Halcyon Timeline HM established for - - PowerPoint PPT Presentation

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HTECH 2016 Year-End Mar17 2 Halcyon Timeline HM established for - - PowerPoint PPT Presentation

Jul 30, 2023 223 likes •500 views

Skip to Performance Halcyon Technology PLC. HTECH 2016 Year-End Mar17 2 Halcyon Timeline HM established for manufacturing of metal fabricated products jigs & fixtures, etc. HT established for new segment of PCD cutting tools

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SLIDE 1

Halcyon Technology PLC. “HTECH”

2016 Year-End

Mar’17

Skip to Performance

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SLIDE 2

Halcyon Timeline

1993 2002 2005 2008 HM established for manufacturing of metal fabricated products – jigs & fixtures, etc. HT established for new segment of PCD cutting tools Came out with PCD hollow tools – changed the HDD world HT went public; IPO under symbol “HTECH”

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SLIDE 3

Halcyon Timeline

2010 2012 2nd factory established in Philippines (HP) FDM acquired – reinforce standard tool segment HI (Indonesia) established through FDM 2013 2014 2016 HV established with offices in HCMC & Hanoi HS & HY established as distributing offices HTECH invests in new factory & machines Heng (new subsidiary in Rayong)

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SLIDE 4

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% 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., Ltd. (Heng) since 2016 FDM holds 90% Halcyon Technology Vietnam Co., Ltd. (HV) since 2014 HTECH holds 85%

Halcyon in ASEAN Market

Manufacture Distributor In Process

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SLIDE 5

Halcyon Group Performance

245 367 420 535 576 701 724 826

  • 100

200 300 400 500 600 700 800 900 1,000 2009 2010 2011 2012 2013 2014 2015 2016 THB Million HT Subsidiaries

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SLIDE 6

Halcyon Products

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SLIDE 7

Cutting Tool Types

Monocrystal

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

PCBN

Applications: cutting super-hard materials Materials: cast iron, hardened mat.

(>50 HRc), sintered mat.

Industry: Automotive, machinery parts 7

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.

PCD

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SLIDE 8

Veined PCD Endmills (V-Tec)

Features: Veined PCD cutting edge reduces cycle time and extends tool life

High-end Products (Version 2015)

Applications: suitable for composite materials such as CFRP used in Aerospace industry and other vehicles

Solid-headed PCD Tools (S-Tec)

Features: Solid PCD tip allows for more flexible helix angle, better chip evacuation, and longer tool life; can be regrinded multiple times

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SLIDE 9

High-end Products (Version 2016)

Helix PCD Tools (H-Tec)

Target Industries: HDD, Automotive, Lens, etc. Features:

  • Tested by customers and

proven better tool life, better finishing, reducing cycle time by 35-50%

  • Market Leader in SE Asia
  • Can reduce more cost than

normal Solid PCD tools

  • More flexibilities in designs

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SLIDE 10

2016 Performance & Financial Highlights

Consolidated HTECH Group Performance

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SLIDE 11

Consolidated Performance (Q)

  • 50

100 150 200 250

Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16

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

* Net Profit of HTECH shareholders only ** Conso. Total Revenue 11

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SLIDE 12

724 826 (+14%) 34% 39% 9% 14%

  • 100

200 300 400 500 600 700 800 900 2012 2013 2014 2015 2016 HT HM HC FDM Heng HP HS HY HI HV Gross Profit Net Profit*

Consolidated Performance (Y)

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

FDM acquired & HC closed HS&HY HI&HV Heng & new factory

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SLIDE 13

301 353 (+8%) 84 131 45 85

  • 50

100 150 200 250 300 350 400 2012 2013 2014 2015 2016 THB Million Dividend Net Profit (exc. dividend) Gross Profit Sales

HT Performance

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SLIDE 14

2015

THB 724.33 mill.

Revenue Breakdown

2014

THB 701.00 mill. Overseas 43% Thailand 57% Overseas 44% Thailand 56%

2016

THB 826.20 mill. Overseas 44% Thailand 56%

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SLIDE 15

HT – Sales by Sector

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2011 2012 2013 2014 2015 2016

72% 69% 66% 56% 52% 54% 23% 31% 28% 27% 20% 27% 4% 9% 16% 16% 8% 4% 7% 5% 3% 3%

Trading Other Auto HDD

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SLIDE 16

Financial Highlights

Consolidated as of 31/12/16

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SLIDE 17

Capital Structure

  • 200

400 600 800 1,000 1,200 1,400 2013 2014 2015 2016

913 966 1,023 1,277 258 258 259 253 590 633 764 1,023

THB million Assets Liabilities Shareholder's Equity

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SLIDE 18

Debt to Equity Ratio

144 143 141 95 0.44 0.37 0.34 0.28 0.2 0.25 0.3 0.35 0.4 0.45 0.5 0.55 0.6 20 40 60 80 100 120 140 160 2013 2014 2015 2016 D/E Ratio (times) THB Million Interest-bearing Debt D/E Ratio

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SLIDE 19

Current Ratio

0.00 0.50 1.00 1.50 2.00 2.50 3.00 2013 2014 2015 2016 1.74 1.88 2.12 2.87 Times

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SLIDE 20

Profitability

195 242 249 322 50 68 63 118 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50 100 150 200 250 300 350 2013 2014 2015 2016 % Margin THB million Gross Profit Net Profit (HTECH's shareholders) Gross Margin Net Margin

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SLIDE 21

Dividend Payouts

HTECH Dividend Policy: payout no less than 40% of net margin

Performance Period Payout Date Dividend per Share (THB)

  • Jan. – June 2014

9/9/14 0.045 July – Dec. 2014 8/5/14 0.065

  • Jan. – June 2015

9/9/15 0.045 July – Dec. 2015 10/5/16 0.055

  • Jan. – June 2016

9/9/16 0.065 July – Dec. 2016 23/5/17 0.11*

* Subject to AGM approval on April 25, 2017

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SLIDE 22

New Factory Buildings

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SLIDE 23

HT New Factory Building

  • 3-storey factory on site adjacent to

current building

  • Expected Finish Date: 31/05/17 Q3’17
  • Full production expected by Q4’17
  • Focus on production of high-end products
  • Increase capacity by 10-15% from 2016

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SLIDE 24

HV New Factory Building

  • Located in Hanoi
  • 2-storey warehouse – HV rents 1st floor
  • Started renovation in Q1’17
  • Production expected by Q2’17
  • Main customers in automotive industry

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SLIDE 25

Thank You 

Q&A Session

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SLIDE 26

Contact Us

Tel: +66(0)2 906 3242-50 / Fax: +66(0)2 906 3251 e-mail: info@halcyon.co.th

HALCYON HEAD OFFICE

41 Moo 14 Bangchan Industrial Est. Soi 6, Serithai 58, Minburi, Bangkok 10510 GPS Coordinates: 13.799211,100.707114

www.halcyon.co.th