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1 ood and Drinks ood and Drinks Public Company Limited Opportunity Day 9 March 2010 F F FOOD AND DRINKS PUBLIC COMPANY LIMITED COMPANY PROFILE 2 FOOD AND DRINKS PUBLIC COMPANY LIMITED Company Profile Established in 1985 as a fruit and

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F

  • od and Drinks

F

  • od and Drinks

Public Company Limited

Opportunity Day 9 March 2010

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

COMPANY PROFILE

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Company Profile

Established in 1985 as a fruit and

Established in 1985 as a fruit and vegetable processor at Bangbung, Chonburi. Chonburi.

Listed on the SET in 1994.

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Type of products :

 Fruits & vegetables  Fruits & vegetables  Juices & beverages  Spices & curries  Frozen products  Frozen products

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

FRUITS

Mango

 Mango  Papaya  Passion

fruit fruit

 Mixed Fruits

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

VEGETABLES

Water Chestnut Bamboo Shoot Bean sprouts Bean sprouts Mixed vegetables Baby corn

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

JUICES & BEVERAGE

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

SPICES & PASTE

Dipping sauce: Sweet chilli dipping sauce, Sweet chilli dipping sauce, Hot chilli dipping sauce Curry paste: R d G Curry paste: Red, Green,

Yellow, Pad Thai, Masaman,

Spice : Minced coriander Lemon

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Spice : Minced coriander, Lemon

grass, Kaffir lime leaves

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

SPICES & PASTE

I ndian paste range: Korma, Masala, Chilli , , con carne

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

MEAT PRODUCTS

 Pork in sauces  Pork in sauces  Chicken curries

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

FROZEN PRODUCTS

 Aloe vera  Baby corn

E l t

 Eggplant  Mango

g

 Coconut Milk

R d

 Ready-to-eat

(Pork in sauce)

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( )

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

SEASON OF FRUITS & VEGETABLES

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Essentially an OEM manufacturer with 99% f l d i d f l f OEM

  • f sales derived from sales of OEM

products.

Current customers number 121 and l t d i 22 t i are located in 22 countries.

Export sales account for 74% of 2009 total sales.

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Export breakdown by destinations :

FOOD AND DRINKS PUBLIC COMPANY LIMITED

Export breakdown by destinations :

D k D k Switzerl Switzerland France France Canad Canada Jap Japan Denm enmark Sweden Sweden Norw Norway ay U.K U.K. Finland Finland Russi Russia U.S.A U.S.A Hon Hong Kong Kong U.A.E U.A.E Aus Australia ralia South Africa South Africa Malaysia laysia New New Zeal Zealan and Spai Spain 14 Germany Germany Malaysia laysia Sing Singap apore

  • re

Argentina Argentina

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Export breakdown by destinations :

North America 1% Others (EU) 3% Germany 15% A i UK 13% Australia 40% Others (Asia) Japan Others (Asia) 4% 25%

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Sales breakdown by product group :

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Factory Overview

 Production Shift :-

f One shift per day except Beverage

 Workers & Staff :-

650 (normal) – 900 (peak season) (80-90% are daily workers) ( y )

 Area :-

Total 93 Rai Total 93 Rai Production area : 33,000 m3 Waste Water : 13 000 m3

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Waste Water : 13,000 m

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

O i i l S Organizational Structure & Management Profile Management Profile

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

The Board of Directors

  • 1. Mr. Phirasilp Subhapholsiri

Chairman, Independent Director

  • 2. Mr. Kasem Deemaitree

Managing Director

  • 2. Mr. Kasem Deemaitree

Managing Director

  • 3. Mrs.Chintana Asdornnithee

Deputy Managing Director

  • 4. Ms. Huai Hui Lee

Executive Director 5 Mr Huai Hsin Lee Executive Director

  • 5. Mr. Huai Hsin Lee

Executive Director

  • 6. Mr. Udom Karoonkornsakul

Director

  • 7. Mr. Aditep Nontratip

Director 8 M Ch N W Di t

  • 8. Mr. Chun Nam Wong

Director

  • 9. Mr. Sansern Nilrat

Director

  • 10. Mrs.Vilai Kiatsrichart

Independent Director

  • 11. Ms. Chavana Vivatpanachati

Independent Director

  • 12. Mr. Sumet Chey-O-nanund

Independent Director

  • 13. Ms. Chitkarn Kiatkanokkul

Independent Director

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Financials

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Financial Highlights

Line Description 2007 2008 2009 1 Sales 597,208 554,722 564,720 2 GPM (%) 11.0% 8.9% 16.7% 3 OPM (%) 6.6% 5.3% 13.5% 4 OPM less admin & fin exp (%)

  • 3 3%
  • 5 0%

7 1% 4 OPM less admin & fin exp. (%)

  • 3.3%
  • 5.0%

7.1% 5.1 NPM-1 (alone) (%)

  • 1.5%
  • 3.1%

6.3% 5.2 NPM-2 (Incl. JV) (%)

  • 2.2%

2.4% 12.9% 5.3 NPM-1 (alone)

  • 9,083
  • 17,280

35,806 5.4 NPM-2 (Incl. JV)

  • 13,067

13,464 72,590 6 EBITDA 59,154 49,406 86,523 7 EBIT 13,630 3,607 39,948

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Financial Highlights (Cont.)

Li D i ti 2007 2008 2009 Line Description 2007 2008 2009 8 Shareholders' equity 338,801 352,265 474,855 9 Retained earnings 19 525 (6 061) 66 528 9 Retained earnings

  • 19,525 (6,061)

66,528 10 ROA

  • 1.6%

1.7% 9.4% 11 1 ROE-1 (incl Reval )

  • 3 8%

3 9% 17 6% 11.1 ROE-1 (incl.Reval.)

  • 3.8%

3.9% 17.6% 11.2 ROE-2 (excl.Reval.)

  • 7.0%

7.2% 28.5% 12 EPS (Bht.)

  • 1.05

1.08 5.63 13.1 BVPS-1 (incl.Reval.) (Bht.) 27.10 28.18 31.66 13.2 BVPS-2 (excl.Reval.) (Bht.) 14.39 15.47 21.06 14.1 D/E Ratio-1 (incl.Reval.) 1.2 1.2 0.6 14.2 D/E Ratio-2 (excl.Reval.) 2.3 2.2 0.9

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

690.0

(Unit: Million Baht)

490.0 590.0 290.0 390.0 Sales EBITDA 90.0 190.0 EBITDA Net Profit

  • 10.0

Sales 597.2 554.7 564.7 EBITDA 59 2 49 4 86 5 2007 2008 2009 EBITDA 59.2 49.4 86.5 Net Profit

  • 13.0

13.4 72.6 23

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Balance Sheet

FOOD AND DRINKS PUBLIC COMPANY LIMITED

(U i Th d B h)

Balance Sheet

2008 2009 1 C h 2 637 6 567

(Unit: Thousand Baht)

  • 1. Cash

2,637 6,567

  • 2. A/R

56,894 38,031

  • 3. Inventories

114,409 100,336

  • 4. Total Current Assets

182,855 154,724

  • 5. Non-Current Asstes

601,073 601,097

  • 6. Total Assets

783,928 755,820 , ,

  • 7. O/D + S-T Loans

281,089 147,110

  • 8. CPLTD

29,201 21,070 9 A/P 64 415 38 196

  • 9. A/P

64,415 38,196

  • 10. Total Liabilities

431,663 280,965

  • 11. Paid-up Capital

125,000 150,000

  • 12. Share premium

74,425 99,425

  • 13. Land Revaluation Surplus

158,901 158,901

  • 14. Retained Earnings
  • 6,061

66,529

  • 15. Net Worth

352,265 474,855

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I St t t

FOOD AND DRINKS PUBLIC COMPANY LIMITED

Income Statement

Year 2008 Year 2009

(Unit: Thousand Baht)

554,722 100% 564,720 100%

  • 505,525
  • 91.1%
  • 470,682
  • 83.3%

Sales Cost of Goods Sold

  • 55,814
  • 10.1%
  • 54,091
  • 9.6%
  • 6,617
  • 1.2%

39,947 7.1% Operating Profit Selling /Adm.Exp 6,617 1.2% 39,947 7.1%

  • 20,887
  • 3.8%
  • 14,475
  • 2.6%
  • 3 680
  • 0 7%

1 354 0 2% Fx Exchange(Loss) Operating Profit Interest Exp.

  • 3,680
  • 0.7%

1,354 0.2% 13,905 2.5% 8,980 1.6% 17 280 3 1% 35 806 6 3% Profit before share of income Fx Exchange(Loss) Other Non-Operating items

  • 17,280
  • 3.1%

35,806 6.3% 30,744 5.5% 36,784 6.5% 13 464 2 4% 2 90 12 9% Share of income-HCFD Profit before share of income fi 13,464 2.4% 72,590 12.9% Net Profit

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K R ti

FOOD AND DRINKS PUBLIC COMPANY LIMITED

Key Ratios

2008 2009

(Unit: Thousand Baht)

  • 1. No. of Customers

109 121

  • 2. Avg. Sales/Customer

5,089 4,667 3 GPM (%) 8 9% 16 7%

  • 3. GPM (%)

8.9% 16.7%

  • 4. OPM (%)
  • 1.2%

13.5%

  • 5. NPM-1 (Alone) (%)
  • 3.1%

6.3%

  • 6. NPM-2 (incl.HCFD) (%)

2.4% 12.9%

  • 7. A/R Turnover (days)

45 31 8 Inventory Turnover (days) 51 55

  • 8. Inventory Turnover (days)

51 55

  • 9. RoA (%) -annualized

1.7% 9.4%

  • 10. RoE (%)

3.9% 28.5%

  • 11. EPS (฿)

1.08 5.63

  • 12. BVPS (฿)

28.18 31.66

  • 13. D/E Ratio

1.2 0.6

  • 13. D/E Ratio

1.2 0.6

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Key Ratios

2008 2009

Key Ratios

  • 1. Fixed assets to Net worth ratio

174% 143%

  • 2. Fixed assets to I nvested capital ratio

159% 111% p

  • 3. Current ratio

45% 70% 4 Quick ratio 29% 24%

  • 4. Quick ratio

29% 24%

  • 5. Net worth to Total Assets ratio

30% 63% 6 R i bl t ti (Ti ) 8 0 11 8

  • 6. Receivables turnover ratio

(Time) 8.0 11.8 (Day) 45 31

  • 7. Payable turnover ratio

(Time) 9.7 9.1 (Day) 37 40

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Sales VS Net Profit : 1985 2009

FOOD AND DRINKS PUBLIC COMPANY LIMITED

Sales VS Net Profit : 1985-2009

* *

779 732 800

Million Baht

** **

9 571 484 451 495 508 638 595 622 623 475 473 660 597 555 565 600 308 369 399 4 280 58 400

  • 7

17 24

  • 2

1 3 5 29 43 44 15 5 87 18 15 57 55 8 13 73 200

  • 3
  • 10
  • 51
  • 13
  • 200

1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

  • 400

Sales Net Profit after tax * Significant Baht devaluation effect * Significant Baht devaluation effect ** Green tea sale effect ** Green tea sale effect

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  • 536
  • 600

Sales Net Profit after tax

* *

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

SWOT ANALYSIS

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Strengths

  • 1. Proven track record in OEM

f t i th t t manufacturing over the past two decades.

  • 2. Proven competency of CEO especially in

technical and marketing issues. technical and marketing issues.

  • 3. Almost 100% OEM in nature.
  • 4. Fairly good staff morale although some

irly good staff morale although some need to be more proactive. need to be more proactive.

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need to be more proactive. need to be more proactive.

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Weaknesses

  • 1. Almost 100% OEM in nature.

2 Require further development in human resources

  • 2. Require further development in human resources

especially on the succession issue. 3 Need to dedicate more resources and effort to

  • 3. Need to dedicate more resources and effort to

research & product development. 4 Need further improvement in marketing

  • 4. Need further improvement in marketing

strategies/ campaigns/ activities. 5 N d t t th iddl d iddl

  • 5. Need to strengthen upper-middle and middle

management.

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Opportunities

Unexplored overseas markets remain huge. Unexplored overseas markets remain huge. Unexplored overseas markets remain huge. Unexplored overseas markets remain huge. Once world economy recovers and F&D Once world economy recovers and F&D’s i f t t d h i f t t d h infrastructures and human resources infrastructures and human resources improve, the prospect will be promising. improve, the prospect will be promising.

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Threats

Tougher health and non Tougher health and non-health rules health rules Tougher health and non Tougher health and non health rules health rules and regulations. and regulations.

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

VISION, RECENT AND DEVELOPMENTS DEVELOPMENTS

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VISION

FOOD AND DRINKS PUBLIC COMPANY LIMITED

VISION Phase 1 : Present ~ Within 1 year y To become one of the most recognized To become one of the most recognized food processors--which is characterized by d h l i l hi h modern technology, consistently high productivity / quality, competitive pricing and timely delivery. R E 12% RoE target = 12%

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VISION

FOOD AND DRINKS PUBLIC COMPANY LIMITED

VISION Phase 2 : Within 2 years y To become one of the leading food and drinks manufacturers with at least 30% of total revenues derived from sufficiently profitable y p

  • wn-brand sales--which are supported by

modern technology consistently high modern technology, consistently high productivity/ quality, competitive pricing, ll t k ti kill d ti l d li excellent marketing skill and timely delivery. RoE target = 15-18%

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RoE target 15-18%

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Recent Developments

  • 1. Joint venture business turned profitable. F&D’s portion :

2007 – loss : 4 million 2007 loss : 4 million 2008 – profit : 6.5 million 2009 – profit : 104.8 million (wiped out accumulated loss) 2 F&D (alone) turned profitable in Q1/2009

  • 2. F&D (alone) turned profitable in Q1/2009

2008 – loss : 17 million 2009 – profit : 35.8 million

  • 3. Capital increase of 2.5 million shares completed.
  • 4. Dividend Payment

2007 – none 2008 – none 2009 – Baht 0.69 per share in May 2010 (wait for Shareholders’ approval)

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Sources of fund

  • 1. Capital Increase through rights offering of

p g g g 3.75 million shares at Baht 20 per share to be paid up in two phases i.e. in Q4 of 2009 p p p totaling 2.5 million shares, and the balance in Q3 of 2010.

  • 2. Term loans and working capital financing

from existing and new banks. from existing and new banks.

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

Q & A

QUESTION & ANSWER QUESTION & ANSWER

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

  • Plant Visit (1 Apr’10)
  • Plant Visit (1 Apr 10)

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FOOD AND DRINKS PUBLIC COMPANY LIMITED

THANK YOU

Contact: 4F BB Building, 54 Sukhumvit 21 Rd., Klongtoey-nua, Wattana Bangkok 10110 g y , g TEL: + 66(0) 2664-1501 FAX: + 66(0) 2664-1500 E-mail:info@foodanddrinks.co.th

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E mail:info@foodanddrinks.co.th www.foodanddrinks.co.th

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Company Visit วันที่ 1 เม.ย. 2553

้ ใ ั ้ ่ ิ ไ ้ ี่ th ii t

  • ผู้สนใจสามารถสมัครเข้าร่วมกิจกรรมได้ที www.thaiinvestors.com
  • ปิดรับสมัคร 23 มี.ค. 53
  • ประกาศรายชื่อ 25 มี ค 53
  • ประกาศรายชอ 25 ม.ค. 53

หมายเหตุ ฟ ี ไ ่ ี ่ ใ ้ ่

  • ฟรี ไม่มีค่าใช้จ่าย
  • หากท่านมีหุ้นของ SENA หรือ F&D กรุณาส่งหลักฐานมายังโทรสาร 02-654-5372
  • ผู้มีรายชื่อต้องทําการโอนค่ามัดจําการเดินทางจํานวน 500 บาท และจะได้รับคืนในวันที่ 1 เม.ย. 53

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