Performance Announcement Presentation for the 1 st Half of 2017
Today Content Company Overview Plastic and Petrochemical Industry The 1H 2017 Performance IR Report & Investment Highlight Q&A
� Company Overview GC has been founded since 1994 by experienced management GC Revenue During 2007 – 1H/2017 � GC is the distributor with over 30 leading producers of plastics and 3,985 3,678 3,793 3,710 petrochemical raw materials from 3,659 3,659 3,473 3,429 around the world. 3,172 2,665 � Most of these producers are 2,028 among the top 3 in the world in that product in terms of technology & production capacity. 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1H - � GC is not an ordinary distributor. 2017 On top of ordinary distribution role, GC provide technical advice Sales comparison 1H 2016 - 2017 and useful information to customers since GC position • Value (1%) (YoY) itself to be Your best partner for valued co-creation solution • Quantity (8%) (YoY) and service in industrial raw material supply
Where we are in the value chain of Thai Petrochemical Industry. Petrochemical and plastic producers Petrochemical and plastic producers Petrochemical and plastic producers Upstream Intermediate Compounders End users Downstream Polymer Compounders Monomer Olefin&Aromatic producers producers Converters Master batch Producers (PP, PE, PVC) (MEG, VCM) producers
GC’s role and positioning in the market Leads the differentiation Economy of Scale to Suppliers Suppliers S1 S3 S4 S2 S5 Sn Logistic : Warehousing, small delivery, and repacking Sales & Marketing : Closely contact to end markets/customers Provided Technical Services : Troubleshooting / Product and Market Development Financing & structuring solution : Extending our expertise to customer C1 C2 C3 C4 C5 Cn Customers Economy of Scope to Customers
Major Shareholders Free Float Overview As of March 10 th , 2017 % Shares in Minor Shareholders Total Shareholders (Account) 1,132 (Free float) 32.22% Minor Shareholders (Free float) 1,001 Rank Major Shareholders #Shares % Shares 1 Mr. Somchai Kulimakin 44,499,800 22.25 2 Mr. Aikachai Sirijuntanan 27,125,000 13.56 3 Mr. Sumruay Tichachol 27,125,000 13.56 4 Mr. Bhiya Jriyasetapong 26,125,000 13.06 Sub total 124,874,800 62.44
Company History 1994 - 1999 2000 - 2005 2006 - Current Start business with commodity Diversify company portfolio from Create sustainable growth being the plastic commodity to specialty plastic best partner for solution and service in industrial raw material supply 2010 1996 2004 2014 Distributing agent of BST Distributing agent of SCG Plastics Co., ltd. Distributing agent of Distributing agent of Elastomers Co., Ltd. ExxonMobil and and Eastman Chemical , which was the start TechnoGreen and of specialty product distribution. Rio Tinto Mineral UBE GROUP 2008 Asia 1997 Distributing agent of DIC 2015 Distributing agent of Exxon Product : PE PP Service water cooling 2006 DuPont Performance system solutions and Distributing agent of 2009 Polymers and Distributing agent of Nanocor Inc. Exxon Product : Chi Mei 3M and Campine Vistamaxx 2015 1994 1996 1998 2000 2004 2006 2008 2010 2012 2014 2016 1999 2011 1994 Distributing agent of Siam Distributing agent of Invest in PV solar GC was established by 5 Polystyrene (Thailand) Miliken Chemical, Imerys rooftop project founders with initial Co., ltd. and Cabot Meneral, Timcal Ltd. (23 years remaining registered capital of 2 MB. Plastic Hong Kong Ltd. Exxon Product : ENABLE, duration power EXCEED purchase agreement 1998 2005 (PPA) with MEA.) Distributing agent of 2012 Listed company and paid-up capital to 200 MB OCV Reinforcement Co., Change Distributing agent of More Product from Exxon : Butyl & Vistamaxx Ltd SCG to PTTPM . Exxon Product : Special Compound
Vision Corporate Value Strive for Partnership better Professional & Focus Integrity Ethics
Organization Chart Board of Director The Corporate Governance Nomination and Audit Committee Remuneration Committee Executive Committee Internal Audit New Business Development Chief Executive Officer Chief Financial Chief Operating Chief Marketing Chief Marketing Chief Marketing Chief Marketing Officer Officer Officer 1 Officer 2 Officer 3 Officer 4 Finance & Specialty Market Commodities & Specialty Accounting & Development & Polyolefin Engineering Chemicals & ERP Polymer & Intermediate Sales Support Rubber Information Business Human resource Communications Logistics and Administration Support Technology (ICT)
Corporate Strategy 2017 : Corporate Strategy VUCAR V : Value Maintain existing strong market positioning creation thru Innovation and Differentiation Become solid partner with supplier and customer U : Uncompromisingness with Business Growth and Profit commitment Offer total professional solution C : Cost management thru Efficiency and Effectiveness Be leader in advanced technology product A : Aligned investment for Future Growth and Sustainability Grow towards the growing industries R : Research Develop new application/market from initial stage and Development on Customer Needs in Market- Driven Product Development
Our Business Unit BU2 SPECIALTY BU3 BU1 ENGINEERING POLYMER SPECIALTY COMMODITY POLYMER & RUBBER CHEMICALS & INTERMEDIATE • Polyolefins • Nylon, POM, PBT, TEEE, PCT, LCP, PC • Plastic Additives PE: HDPE, LDPE, LLDPE • Black/White MB • Intermediate chemical (C4,C8) • PETG/PCTG, CA • Water cooling system solutions PP: Homo, Block Copo, Random • PS, HIPS, ABS, SAN, SBC • PU • EVA for HMA, Hydrocarbon Resin • Tie Layer Polymer • PE Plastomer, PP Plastomer, TPO • Specialty Polyolefins • TPVs, TPU • TPE, TPR, Reinforcement compound • Glass Fiber (Chop Strand, Long glass) • EPDM , BUTYL • BR, SBR, FKM • TALC, SILICA, CARBON BLACK • FLAME RETARDANT (ZB, ATO)
Customer segment by Sales Percent of Value 1H/2016 1H/2017 (8%) 38,212 Tons 35,074 Tons Others Others 0% 0% Construction Construction 1% Packaging 2% Packaging 40% 35% Electrical & Electrical & Electronics Electronics 7% 8% Petrochemical & Petrochemical & Intermediate Intermediate 11% 14% Consumer Consumer products & Automotive products & Household 17% Automotive Household 23% 16% 20% (1%) 2,051 MB. 2,021 MB.
Today Content Company Overview Plastic and Petrochemical Industry The 1H 2017 Performance IR Report & Investment Highlight Q&A
Crude Oil Price Crude oil prices continue to face pressure. Rising oil output in Libya and Nigeria could rein in surging US crude exports. Effected down trend to plastic resin price. Source : http://www.nasdaq.com/markets/crude-oil.aspx?timeframe=1y 14
Export value expanded well, following improved international demand. 15 Source : Bank of Thailand
Production index remained stable, since local demand is not so good and the discharge of some industrial inventory. 16 Source : Bank of Thailand
Consumption factors are not strong, although improved in agricultural revenue. But the consumer confidence index has declined due to concerns agricultural price trends 17 Source : Bank of Thailand
• Private investment indicators shrink slightly, notice from the construction investment indicators. • Government spending shrunk. Source : Bank of Thailand 18
Today Content Company Overview Plastic and Petrochemical Industry The 1H 2017 Performance IR Report & Investment Highlight Q&A
1H/2017 Performance Cr. Picture : https://supplychain.llnl.gov/performance-information 20 20
Statements of Comprehensive Income Unit : Million Baht Actual Q2 Actual 1st_Half 2017 2016 Change 2017 2016 Change Sales 948.69 996.46 -5% 2,020.73 2,050.69 -1% COGS 897.95 929.43 -3% 1,899.03 1,916.76 -1% Gross Profit 50.74 67.03 -24% 121.70 133.93 -9% Selling & Admin Expenses 29.93 29.11 3% 60.88 59.68 2% Reduction of inventory to net realisable value (Reversal) 3.00 0.00 100% 3.00 (1.50) 300% EBITDA 17.81 37.92 -53% 57.82 75.75 -24% Depreciation 3.12 3.01 4% 6.30 5.90 7% Interest Expenses 3.95 4.10 -4% 7.72 7.53 3% Profit Before Other Income 10.74 30.81 -65% 43.80 62.32 -30% Other Income 3.00 0.80 275% 5.00 1.73 189% Gain (Loss) on exchange rate 0.17 1.18 -86% 1.82 2.08 -13% Profit before Tax 13.91 32.79 -58% 50.62 66.13 -23% Tax 3.20 6.69 -52% 10.05 12.96 -22% Deferred Tax Expenses (0.68) (0.12) 467% (0.21) 0.78 -127% Profit for the period 11.39 26.22 -57% 40.78 52.39 -22% 21
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