8 March 2019
COL Public Company Limited
Opportunity Day 2018 Results COL Public Company Limited The Stock - - PowerPoint PPT Presentation
Opportunity Day 2018 Results COL Public Company Limited The Stock Exchange of Thailand 8 March 2019 Important Notice The information contained in this presentation is for information purposes only and does not constitute an offer or
COL Public Company Limited
constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in COL Public Company Limited (“COL” and shares in COL, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever.
looking information involves known and unknown risks, uncertainties and other factors which may impact the actual outcomes, including economic conditions in the markets in which COL operates and general achievement of COL business forecasts, which will cause the actual results, performance or achievements of COL to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.
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New Product Launch Offering new services to fulfill customer’s needs
Factory Supply category: Safety equipment, General supply, and Manufacturing supply Parcel service delivery
22,000 sq.m. storage area
efficiency
peak time
management
New stores in 2018
The Season Mall Phaholyothin Rangsit (1 Standard type store) Assawan Shopping Complex Nhongkai Tesco Lotus Navanakorn RCA (1 Standard type store and 1 Compact type store) Tesco Lotus Bangpakok Central Plaza Khonkaen Central PlazaChiangrai
(as of 31 December 2018)
Store Renovation in 2018: 8 stores OfficeMate’s new stores in 2018
Bangkok
B2S Think Space
New Concept Store for B2B and B2C New Product Offering at B2S
New stores in 2018
Lee Wiwat Superstore Tops Plaza Singburi Century the Movie Plaza Tops Plaza Phol Marketplace Nang Linchee Tops Plaza Phayao Tesco Lotus Banggruay (Sainoi) Robinson Lifestyle Chaiyapoom Tesco Lotus Klongluang Central Plaza Phuket Floresta Tesco Lotus Salaya Big C Sattahip Big C Chiangrai Robinson Lifestyle Chonburi
Store Renovation in 2018: 7 stores (3 stores under Think Space concept) B2S’ new stores in 2018
(as of 31 December 2018)
Mobile Application MEB’s Website
2014 2015 2016 2017 2018 Gross Merchandise Value (GMV)
(Unit: Million Baht)
Others, 32% Thai E-Book Market Share in 2018 MEB’s Platforms and Products
E-Reader readAwrite
Source: Department of Business Development (DBD) and Company estimates
+46% yoy +2% yoy +9% yoy 11,207 11,470 2,895 3,150 502 733 2017 2018 2017 2018 2017 2018
Sales Revenue* Gross Profit Net Profit
Unit: Million Baht
Liabilities 3,024 Equity 6,256
Assets 9,281 31-Dec-18
Balance Sheet
High Earnings Growth Profitability Expansion Healthy Financial Status
*Excluding the online B2C business, sales revenue in 2018 increased by 5% from last year. Remark: - GPM = Gross profit margin
Consolidation
2017 2018
%SSSG +2.6 +2.5 OFM +0.2 +3.0 +3.2 +4.1 +7.1 +4.5 (1.1) (0.6) (1.4) (0.6) B2S +1.0 +1.6 (0.9) (6.6) (4.3) (1.5) +2.1 +2.2
*Excluding the online B2C business, sales revenue in 2018 increased by 5% from last year. Remark: SSSG = Same store sales growth
Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418
11,240 11,470 63% 37% (-) 62% 36% 2%
OFM B2S Online B2C
Unit: Million Baht
Total sales*
+2% yoy
62% 34% 4%
2,798
61% 34% 5%
2,754
64% 35% 1%
2,836
62% 38%
2,819
(-)
+3% yoy
65% 35%
2,892
(-) 65% 35%
2,800
(-) 63% 37%
2,867
(-)
2,912
60% 40% (-)
Product Mix*: OfficeMate Product Mix*: B2S
% %
Office Supplies Electronic Equipment Furniture & Others
43 38 19
Stationery Books Lifestyle
48 26 26 2017 2018 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418
25.8 27.5 %GPM 24.5 25.5 26.2 27.0 27.3 27.7 27.5 27.4
Unit: Million Baht
2,895 3,150
61% 39% 61% 39% OFM B2S
+9% yoy
Unit: Million Baht
60% 40%
687 +5% yoy
60% 40%
703
62% 38%
742
*In 2018 Remark: GPM = Gross profit margin
60% 40%
763
63% 37%
789
62% 38%
774
61% 39%
789
58% 42%
798
Unit: Million Baht
Unit: Million Baht
910 1,216 2017 2018 268 169 228 246 362 274 310 270 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418
8.1 10.6 %EBITDA margin 9.6 6.1 8.0 8.7 12.5 9.8 10.8 9.3
+34% yoy +10% yoy
Remark:
Unit: Million Baht
Unit: Million Baht
2017 2018 Q117 Q217 Q317 Q417 Q118 Q218 Q318 Q418 741 733 502 733 (-)
Net Profit
154 (86) 241 75 (96) 171
Loss from Online B2C Business Core Profit*
(238) 131 (56) 187
4.5 6.4 %NPM 5.5 2.7 4.6 5.0 8.3 5.9 6.4 5.0 6.6 6.4 %Core profit margin* 8.6 6.2 6.6 5.0 8.3 5.9 6.4 5.0
*Excludes loss from Online B2C business Remark: NPM = Net profit margin
142 142
240 240 166 166 182 182 (-) (-) (-) (-) (-) 146 146
Strengthening position in B2B market Aiming to be the Omni-Channel Retailing Accelerating its growth through new market Opening doors to new business
Enhancing stores’ performance with Asset Enhancement Program Focusing on profitability and productivity
Compact Size Standard Size
Store size: 40-60 sq.m. Initial Investment 2.9-3.9 million Baht Store size: 80-120 sq.m. Initial Investment 4.6-5.9 million Baht
Office Furniture Stationery and Office Supply
Dividend policy: No less than 40% of the Company’s net profit after deduction of taxes and legal reserves
Remark: * Par spilt from Baht 1.00 per share of 320 million shares to Baht 0.50 per share of 640 million shares effective on 11 April 2018 ** Subject to 2019 Annual General Meeting of Shareholders' approval
0.25 0.28 0.28 0.28 0.40
2013 2014 2015 2016 2017 2018
Dividend Per Share (DPS) (adjusted DPS and total number of shares due to par split*)
(Unit: Baht per Share)
For further information & enquiries, please contact Investor Relations Department
Tel: +662 015 5557 Email: ir@col.co.th