Sahaviriya Steel Industries PLC Sahaviriya Steel Industries PLC - - PowerPoint PPT Presentation

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Sahaviriya Steel Industries PLC Sahaviriya Steel Industries PLC - - PowerPoint PPT Presentation

Bring you a stronger future Bring you a stronger future Sahaviriya Steel Industries PLC Sahaviriya Steel Industries PLC Quarterly Results Presentation esults Presentation Quarterly R Period Ended 31 March 2007 31 March 2007 Period Ended


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Sahaviriya Steel Industries PLC Sahaviriya Steel Industries PLC

Quarterly R Quarterly Results Presentation esults Presentation Period Ended Period Ended 31 March 2007 31 March 2007 May 2, 2007 May 2, 2007

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Disclaimer The information contained in this presentation is intended solely for your personal reference

  • nly. If you are not an intended recipient, you must not read, disclose, copy, circulate , retain,

distribute or take any action in reliance upon this material. This presentation is not intended to substitute your own analysis and investigation, and should not be considered a recommendation to any recipient of this presentation. Some statements contained herein are forward-looking statements identified by the use of forward- looking terminology such as “may” , “will” , “expect” , “anticipate”, “intend” , “estimate” , “continue”, “plan” or other similar words, which are subject to various risks and uncertainties. These statements include statements with respect to the Company’s corporate plans, strategies and beliefs and other statements that are not historical facts. . This presentation is prepared based on the assumptions and beliefs of Sahaviriya Steel Industries Public Company Limited (the “Company” or “SSI”)’s management in light of the information currently available to the Company involving risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this presentation is, or shall be relied on as promise or representation of the Company as to the future. Disclaimer Disclaimer The information contained in this presentation is intended solel The information contained in this presentation is intended solely for your personal reference y for your personal reference

  • nly. If you are not an intended recipient, you must not read,
  • nly. If you are not an intended recipient, you must not read, disclose, copy, circulate , retain,

disclose, copy, circulate , retain, distribute or take any action in reliance upon this material. T distribute or take any action in reliance upon this material. This presentation is not intended to his presentation is not intended to substitute your own analysis and investigation, and should not b substitute your own analysis and investigation, and should not be considered a e considered a recommendation to any recipient of this presentation. Some stat recommendation to any recipient of this presentation. Some statements contained herein are ements contained herein are forward forward-

  • looking statements identified by the use of forward

looking statements identified by the use of forward-

  • looking terminology such as

looking terminology such as “ “may may” ” , , “ “will will” ” , , “ “expect expect” ” , , “ “anticipate anticipate” ”, , “ “intend intend” ” , , “ “estimate estimate” ” , , “ “continue continue” ”, , “ “plan plan” ” or other

  • r other

similar words, which are subject to various risks and uncertaint similar words, which are subject to various risks and uncertainties. These statements include

  • ies. These statements include

statements with respect to the Company statements with respect to the Company’ ’s corporate plans, strategies and beliefs and other s corporate plans, strategies and beliefs and other statements that are not historical facts. . This presentation is statements that are not historical facts. . This presentation is prepared based on the prepared based on the assumptions and beliefs of Sahaviriya Steel Industries Public Co assumptions and beliefs of Sahaviriya Steel Industries Public Company Limited (the mpany Limited (the “ “Company Company” ” or

  • r “

“SSI SSI” ”) )’ ’s management in light of the information currently available to s management in light of the information currently available to the the Company involving risks and uncertainties which may cause the ac Company involving risks and uncertainties which may cause the actual results, performance or tual results, performance or achievements to be materially different from any future results, achievements to be materially different from any future results, performance or achievements performance or achievements expressed or implied by such forward expressed or implied by such forward-

  • looking statements. Nothing in this presentation is, or

looking statements. Nothing in this presentation is, or shall be relied on as promise or representation of the Company a shall be relied on as promise or representation of the Company as to the future. s to the future.

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AGENDA AGENDA AGENDA

  • The results of operation
  • The results of operation

The results of operation

  • Outlook
  • Outlook

Outlook

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Sales Revenue Sales Revenue Sales Revenue

6,335 11,016 10,654 7,203 7,644

1Q06 2Q06 3Q06 4Q06 1Q07

Unit : million baht Unit : million baht Market Market recovered recovered Prices Prices bottomed out bottomed out Demand Demand bottomed out bottomed out Demand Demand slowdown slowdown Prices Prices recovered recovered

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EBITDA & Net Profit EBITDA & Net Profit EBITDA & Net Profit

Unit : million baht Unit : million baht

500 571 1,539 25 673

1Q06 2Q06 3Q06 4Q06 1Q07

46 1,550 642 452 111

1Q06 2Q06 3Q06 4Q06 1Q07

  • Bt. 625 million
  • Bt. 625 million

reversal reversal

  • Bt. 1,544
  • Bt. 1,544

million million reversal reversal Bt.339 Bt.339 million million provision provision Bt.414 Bt.414 million million reversal reversal Bt.147 Bt.147 million million reversal reversal

EBITDA EBITDA Net Profit Net Profit

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7 Middle-East 43% Europe 10% Vietnam 44% Other Asia & Australia 3%

Export 26% Domestic 74%

Basic Premium

1Q07 Sales breakdown by product application 1Q07 Sales breakdown by product application 1Q07 sales by market 1Q07 sales by market 1Q07 export by country 1Q07 export by country C ommercial 3 9 % Premium 6 1% Pipe & Spiral Others CRC Auto/HA Gas Cylinder

Quarterly Sales Breakdown Quarterly Sales Breakdown Quarterly Sales Breakdown

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8 Inventory Inventory Liabilities Liabilities

Unit : million baht

22,066 24,610 21,413 19,763 17,732

15,710 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07

YoY -29% QoQ -11%

Net Debt / Equity Net Debt / Equity

1.0X 1.2x 1.5x 1.1x 1.7x 2x Dec05 Mar06 Jun06 Sep06 Dec06 Mar07

31,035 33,706 28,877 26,528 24,489

22,816 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07

YoY -26% QoQ -7%

Inventory & Financial Leverage Inventory & Financial Leverage Inventory & Financial Leverage

SSI Inventory Index SSI Inventory Index

64% 72% 100% 80% 87% 90%

Dec05 Mar06 Jun06 Sep06 Dec06 Mar07

SSI

YoY -41% QoQ -9%

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Million Baht 2005 2006 1Q06 1Q07 Sales & Service Income 36,288 35,421 6,363 7,721 Gains on exchange 52 361 170 129 Interest and Other Income 87 127 39 8 Total Revenue 36,427 35,909 6,573 7,858 Cost of Sales & Service 33,203 32,674 6,517 7,269 Inventory Provision (Reversal) 2,663 (2,245) (625) (147) SG&A 989 1,028 176 245 Doubtful A/C (Reversal) (31) (28) (7) Interest Expense 985 1,663 437 366 Income Tax 60 37 9 4 Total Expenses 37,868 33,129 6,513 7,732 Minority Interest (96) (90) (13) (15) Net Profit (Loss) (1,536) 2,690 46 111

Consolidated Profit & Loss Statement Consolidated Profit & Loss Statement Consolidated Profit & Loss Statement

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Asset (Million Baht) 31-Dec-06 31-Mar-07 Current Assets 23,332 21,819 Other Assets 21,184 21,092 Total Assets 44,516 42,911 Current Liabilities 17,080 16,349 Short-term Liabilities 2,862 5,620 Trade financing loans 9,636 6,424 Other current liablilites 4,582 4,305 Long-term Liabilities 7,409 6,467 Long-term Loans 6,316 6,148 Bonds 725 Other Liabilities 368 319 Total Liabilities 24,490 22,816 Share Capital 13,101 13,101 Retained Earning (Deficit) 2,985 3,096 Total Company Shareholder's Equity 19,261 19,316 Minority Interest 765 779 Total Liabilities & Equity 44,516 42,911

Consolidated Balance Sheet Consolidated Balance Sheet Consolidated Balance Sheet

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AGENDA AGENDA AGENDA

  • The results of operation
  • The results of operation

The results of operation

  • Outlook
  • Outlook

Outlook

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THE END THE END THE END

Thank you Thank you Thank you