SNC SNC FORMER PLC Opp day Aug 8, 2016 1 SNC Agenda 1 - - PowerPoint PPT Presentation

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SNC SNC FORMER PLC Opp day Aug 8, 2016 1 SNC Agenda 1 - - PowerPoint PPT Presentation

Sep 03, 2022 505 likes •750 views

SNC SNC FORMER PLC Opp day Aug 8, 2016 1 SNC Agenda 1 Financial performance 2 Market brief 3 Business highlight 2016 2 SNC Financial Highlight Sales Gross Profit & Margin 12,000 1,500 Y14 Y15 11.0% 11.9% 10.6% 11.1%

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SLIDE 1

SNC FORMER PLC

Opp day

Aug 8, 2016

1

SNC

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SLIDE 2

SNC

Agenda

2

1 2 3

Business highlight 2016 Market brief Financial performance

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SLIDE 3

SNC

Financial Highlight

3

494 423 377 410 250 200 400 600 800 1,000 1,200 Y12 Y13 Y14 Y15 1h16 841 849 822 866 563 300 600 900 1,200 1,500 Y12 Y13 Y14 Y15 1h16

Gross Profit & Margin Net Profit & Margin

11.0% 6.5% Y14 Y15 Sale 100 100 RM 73 74 DL 3 3 OH 13 12 CoGS 89 89 7,648 7,155 7,405 8,140 4,404 2,000 4,000 6,000 8,000 10,000 12,000 Y12 Y13 Y14 Y15 1h16

Sales

11.9% 5.9%
  • 14%
  • 6%
11.1% 5.1% +3%
  • 11%
10.6% 5.0% 697 694 687 734 415 200 400 600 800 1,000 1,200 Y12 Y13 Y14 Y15 1h16

EBITDA & Margin

9.1% 9.7%
  • 0%
9.3%
  • 1%
9.0% GP EA part 15-20% EA OEM 3-5% Auto 20-25% +10% +9% +7% 9.4% 5.7% 12.8%
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SLIDE 4

SNC

Financial performance

4

1,291 868 194 228 800 774 34 55

  • 1,000

2,000 3,000

2q15 2q16

EA-OEM Auto EA-Parts Other

2,319 1,925 Sale (MB)

  • 17%

7 6 18 28 96 82 (34) (30)

(100) (50)

  • 50

100 150 200 250

2q15 2q16

88 86

  • 2%
  • 2
  • 14

+10

  • 394
  • 423
  • 26

+34 +21

Parts 99  87 SFHI -3  -5 Pipe 126161 chassis 14 Plastic 67 63 Sale  exp  Defect  OT compensation  A/C  WM , Ref  SCAN 226 TTD 3126 MSPC 13 LME $6,423  $4,562 SAHP 21k15k units SCAN -27-20 SSMA -4-1 MSPC -3-6 TTD 0  +2 Other 0  -4

  • 1

+4

110 24

+26% Net compensation EA-OEM Auto EA-Parts Other EA-OEM Auto EA-Parts Other

EAT (MB)

OEM 1q16: 1292/50 (3.8%) OEM 2q16: 868/30 (3.5%)

OEM A/C 172k119k units

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SLIDE 5

SNC

Financial performance

5

2,827 2,160 444 490 1,758 1,652 62 102

  • 1,000

2,000 3,000 4,000 5,000 6,000 7,000

1h15 1h16

EA-OEM Auto EA-Parts Other

5,091 4,404 Sale (MB)

  • 13%

63 56 36 62 225 187 (60) (55)

(100)

  • 100

200 300 400 500 600

1H15 1H16

264 250

  • 5%
  • 14
  • 38

+26

  • 687
  • 667
  • 106

+46 +40

Parts 229  195 SFHI -4  -8 Pipe 281339 chassis 316 Plastic 160 135 Sale  exp  OEM A/C 368k274k units Defect  OT compensation  SCAN 239 TTD 5453 MSPC 18 LME $6,376  $4,821 SAHP 34k27k units SCAN -51-44 SSMA -5-2 MSPC -6-9 TTD -2  +5 Other 4 -5

  • 7

+5

274 24

+6% Net compensation

EA-OEM Auto EA-Parts Other EA-OEM Auto EA-Parts Other

EAT (MB)

A/C  WM , Ref 

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SLIDE 6

SNC

Key Milestone

6

SNC is planning to expand part business for home appliance and automotive products in order to get the maximum benefit from economy of scale

Automotive Residential Compressor Freezer Metal Plastic Daimond Aluminum Water heater air-cond Mould air-cond air-cond sheet EA, Auto tools parts Heat pump parts parts Material supplier 1981 1981 1981 2005 2010 2012 2013 2014 2015 2015 Parts supplier SSMA 2012 Manufacturer OEM ODM 2008 2005 2015 Small Player Big Player Market Dominator
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SLIDE 7

SNC

Market brief

7

Source: 1. สถาบันยานยนต์, 2. ส านักงานเศษรฐกิจอุตสาหกรรม, 3.สถาบันไฟฟ้า และอิเลคทรอนิคส์,4. SNC Survey

Automobile

1.0 1.6 1.5 2.5 2.5 1.9 1.9 2.0 1.0 0.0 0.5 1.0 1.5 2.0 2.5 3.0

Y09 Y10 Y11 Y12 Y13 Y14 Y15 Y16E 1H16
  • 11%68%0%
  • M. unit
  • 24%

0.36 0.37 0.58 0.62 0.0 0.2 0.4 0.6 0.8 1.0 1.2

1h15 1h16 Export Domestic

0.99 0.93

(62%) (63%) (38%) (37%) 1% 65%

 Car production in 1h16 = 0.99 M.units increased 6.5% YoY  Domestic sale in 1h16 = 0.37 M.units increased = 2.8% YoY  Export sale in 1h16 = 0.62 M.units increased = 6.9% YoY

QoQ

CAR

1Q16 2Q16 %Increased Production 506,874 486,506

  • 4.0%

Domestic Sales 181,318 188,734 4.1% Export 325,556 297,772

  • 8.5%

1Q16 vs 2Q16

YoY

CAR

2Q15 2Q16 %Increased Production 410,711 486,506 18.5% Domestic Sales 171,217 188,734 10.2% Export 239,494 297,772 24.3% 2Q15 vs 2Q16

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SLIDE 8

SNC

Market brief

8

Source: 1. สถาบันยานยนต์, 2. ส านักงานเศษรฐกิจอุตสาหกรรม, 3.สถาบันไฟฟ้า และอิเลคทรอนิคส์,4. SNC Survey

Air Conditioners

15.7 15.0 18.1 20.5 21.5 21.0 21.5 14.3

5 10 15 20 25

  • 4%
21% 13%
  • 2.5%

 The 1h16 - AC production in Thailand was 14.31 M. unit, 13.7% increased YoY. Mostly, the demand is coming from the export market. The forecast of this year is estimated around 21.5 M. unit,

  • M. unit
5%

Compressors

2.19 2.49 10.39 11.82

5 10 15 20 1h15 1h16 Export Domestic

14.31 12.58

14.3 13.1 12.4 16.8 14.6 15.0 15.4 7.68

5 10 15 20

  • M. unit
  • 8%
35%
  • 5%
  • 13%

3.35 3.73 3.69 3.95

0.00 2.00 4.00 6.00 8.00 10.00 1h15 1h16 Export Domestic

7.68 7.04

 The 1h16 - Compressor production in Thailand is estimated at 7.68 M.unit while those of 1h15 was 7.04 M.unit, 9.1% increased YoY.

2.4% 3% 2.7% (83%) (17%) (17%) (83%) (52%) (48%) (51%) (49%)
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SLIDE 9

SNC

Market brief

9

Source: 1. สถาบันยานยนต์, 2. ส านักงานเศษรฐกิจอุตสาหกรรม, 3.สถาบันไฟฟ้า และอิเลคทรอนิคส์,4. SNC Survey

5.7 6.2 7.2 6.7 6.5 6.6 6.8 3.4 2 4 6 8 10

Y10 Y11 Y12 Y13 Y14 Y15 Y16E 6mth16 9% 16%
  • 7% -4%
1.8% 3%

Refrigerator

  • M. unit

 The 1h16 production is estimated at 3.41 M.unit while those of 1h15 was 3.37 M.unit, slightly increased 1.2% YoY.

5.4 6.6 6.8 6.1 5.2 6.0 6.2 3.2 2 4 6 8 10

Y10 Y11 Y12 Y13 Y14 Y15 Y16E 6mth16 22% 3%
  • 10%
  • 18%
9.6% 3%

Washing Machine

  • M. unit

 The 1h16 production is estimated at 3.18 M.unit while those of 1h15 was 2.80 M.unit, increased 13.6% YoY.

0.87 0.91 2.50 2.50

0.00 1.00 2.00 3.00 4.00 1h15 1h16 Export Domestic

3.41 3.37

(74%) (26%) (27%) (73%)

0.69 0.80 2.11 2.38

0.00 1.00 2.00 3.00 4.00 1h15 1h16 Export Domestic

3.18 2.80

(75%) (25%) (25%) (75%)
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SLIDE 10

SNC

10 10

907 1202 Y15 Y16

Sale

Automotive segment

  • Pipe :
  • Indirect export order 
  • Production line improvement expenses 
  • Plastic:
  • Motorcycle order 
  • Cost controllable
  • Chassis Pick up car , Battery case 

GP 20-25% Up 30-35%

10

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SLIDE 11

SNC

11 11

4,048 3,607 Y15 Y16

Sale

OEM segment

  • A/C assembly:
  • Production of window, split
  • Production efficiency 
  • Staff compensation -24 MB in q2,
  • Impairment -5 MB in q1,
  • Leam Chabang  Rayong in q3
  • SAHP: Production  exch gain 

GP 3% Down 13-15%

11

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SLIDE 12

SNC

12 12

3,034 2,985 Y15 Y16

Sale

Parts segment

  • Copper price  LME USD 6000 to 4800
  • A/C part Pipekit  high competition
  • SFHI piptekit insulation : In 2h16, more sale to

Australia, Philippine  Loss Y16 

  • Plastic parts: good order, low margin order 
  • Sheet metal: New customers from Turkey.

GP 15-20% Same as Y15

12

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SLIDE 13

SNC

13 13

152 217 Y15 Y16

Sale

Other segment

  • MSPC : Mould sale  in 2q16  Loss Y16 
  • SSMA : Same as Y15.
  • TTD: 1H16 expenses  2H16 More competition
  • SCAN : Y16 Sale 3x,xxx  5x,xxx units but not

breakeven

13

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SLIDE 14

SNC

14 14

8,410 8,011 Y15 Y16

Sale

conso

Same as Y15

14

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SLIDE 15

SNC

Water Reserve Project @Rayong

15

Purpose:

  • To be the water reserve for SNC

Rayong plants. Land Area : 41 Rai Main schedule :

  • Land adjustment : Jul-Aug. 2016
  • Tap Water Plant : Aug.-Sep. 2016
  • Water Pipeline : Sep. 2016
  • Supply to SNC : from Oct. 2016

Capacity :

  • Water reservoir : 100,000 m3
  • Tap water plant : 20 m3/hr
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SLIDE 16

SNC

Water Reserve Project @Rayong

16 Land Entrance Reservoir Construction site

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SLIDE 17

SNC

Water Reserve Project @Rayong

17

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SLIDE 18

SNC

Move LCB Project

18

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SLIDE 19

SNC

Move LCB Project

19

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SLIDE 20

SNC

The Outstanding Auto-parts Maker’s Award 2016

20

Source: TSAE Automotive Handbook and Directory 2016 - 2017

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SLIDE 21

SNC

21 21

21

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SLIDE 22

Thank you

SNC