BG Container Glass Public Company Limited Opportunity Day 23 rd August 2019 1
Discla claime mer The information contained in this presentation is strictly confidential and is provided by BG Container Glass Public Company Limited (“BGC” or the "Company") to you solely for your information. Neither this presentation nor any part hereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and its respective affiliates or advisors. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company and its respective affiliates or advisors. Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, no representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. The information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents. This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities of the Company, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto (“Securities”) in Thailand, the United States or any other jurisdiction. Any recipient considering a purchase of Securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in a final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. No public offering of the Securities will be made in the United States or in any other jurisdiction outside of Thailand where such an offering is restricted or prohibited. This presentation should not be construed as legal, tax, investment or other advice. The information contained herein does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice. In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks which are in many cases beyond the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such statements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward ‐ looking statements are not guarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. The recipient is cautioned not to place undue reliance on these forward looking statements. In providing this presentation, the Company does not undertake to provide any recipient with access to any additional information or to update the information contained in this presentation or to correct any inaccuracies herein which may become apparent. 2
Agenda Outline 1 Business Update 2 Financial Highlights 3 Outlook for 2019 4 Q & A 3
Business Update 1 4
Q2 19 Update Sales growth 20% YoY (for 2Q 19) and 11% YoY (for 6M 19) especially from Beer, Soft Drinks and Export High growth in Export , 9% of total sales Continually installs automated machines and system for Cost Optimization Debt to Equity improves to 1.7 (Before IPO = 3.0, After IPO = 1.9) Certified by CAC on 5 Aug 2019 5
Bottle Sales Update Sales Breakdown 6M 2019 Sales Revenue 6M 2019 Unit: Mil Bt. Beer ‘18 = 41% 43% Soft Drinks Food (Non-Alcohol) 36% 9% Insecticides & • Total sales 6-Month increased by 11% vs. last year, mainly Drugs 1% 12% Other Products from Beer (17% increased) and Soft drinks ( 12% increased) • Total Sales to Boonrawd = 57% of total sales, BRB portion ‘18 = 13% decreased by 178 bps from 6M 2018 • Export volume increased by 107% from 6M 2018 Sales distribution Domestic = 91% Export = 9% 6
Sales and Net Profit by quarter Sales Revenue Net Profit after Tax Unit: Mil Bt. Unit: Mil Bt. QoQ YoY (3-month) 5.9% NPM 5.6% 34.1% 20.4% 5.1% 12.5% 4.1% 3.7% 3.5% 1.5% 0.7% -4.0% 166 4.0% 162 -18.8% -5.3% 3.7% 155 -5.8% -7.1% -14.8% 3.0% -19.0% 2.6% 2.3% 1.8% 3,057 91 3,011 2,896 84 83 2,798 2,788 2,727 2,677 69 65 2,280 2,265 54 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 6M = 5,623 MB 6M = 257 MB 6M = 245 MB 6M = 5,063 MB (+11.1% YoY) (NPM = 5.1%) (NPM = 4.4%) However, Net Profit was slightly lower than expected due to Strong growth in Sales Revenue one-time charge and lower efficiency rate 7
Production & Major Raw Material Update Efficiency VS New Products Production 11 10 800,00 0 100.0% 10 88.8% 88.3% 700,00 0 8 87.0% 7 86.7% 7 88.2% 600,00 0 80.0% 86.1%86.3% 6 87.8% 86.3% 86.4% 441,007 439,550 500,00 0 5 85.3% 4 4 84.6% 84.7% 400,00 0 60.0% 3 4 3 85.2% 84.9% 2 84.2% 300,00 0 223,036 218,148 1 0 200,00 0 40.0% 100,00 0 0 20.0% 2Q18 2Q19 6M18 6M19 Actual Production (Ton Packed) Utilization Rate (%) % Efficiency No of New Products Utilization drop due to stock management Efficiency drop due to launching new products Brent Crude Oil Price Cullet Price 4 90 BGC have a temporarily lower energy cost in Bt. / Kg 80 Oct 18 to Jan 19. 3.5 70 60 50 40 3 Jan'17 Apr'17 Jul'17 Oct'17 Jan'18 Apr'18 Jul'18 Oct'18 Jan'19 Apr'19 Jan 17 Apr 17 Jul 17 Oct 17 Jan 18 Apr 18 Jul 18 Oct 18 Jan 19 Apr 19 Jul 19 Average Brent Crude Oil price for 6M19 decreased by 7% from 6M18. Cullet price remained relatively steady since last April 9
CSR CSR Campaigns บีจีซีรักษ์น ้ำ Recycle Water Conservation โครงการขวดแก้วแลกบุญ กิจกรรมให้ความรู้เรื่องการคัดแยกขยะ Sport Education - สนับสนุนสโมสรวอลเลย์บอลแอร์ฟอร์ซ - สนับสนุนฟุตบอลหญิงทีมชาติ - สนับสนุนการแข่งขันกอล์ฟการ กุศล MAT Golf Charity 2018 - สนับสนุนการแข่งขันกอล์ฟเยาวชน โครงการมอบคอมพิวเตอร์ สนับสนุนโครงการให้ทุนการศึกษาบุตร - รายการ Watermill Junior Golf และอุปกรณ์อิเล็กทรอนิกส์ ธิดาสมาชิกสมาคมผู้สื่อข่าวเศรษฐกิจ 10
Financial Highlights 2 11
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