1q2021 performance - stock exchange of thailand
TRANSCRIPT
OPPORTUNITY DAY PRESENTATION 1Q2021 Performance
SICT, SILICON CRAFT TECHNOLOGY PLC
1Q2021 FINANCIAL PERFORMANCE
Financial Performance Highlight: Strong Net Profits, Improving QoQ and YoY
3
38.7
51.7
24.5
34.4
20.1
Net Profits
2017 2018 2019 2020 1Q2021
1Q21 Net Profit accounted for
58% of total net profit last year
MN Baht
15.6
10.8
2.35.7
20.1
Quarterly Net Profits
1Q20 2Q20 3Q20 4Q20 1Q21
MN Baht
+ 252% QoQ
+ 29% YoY
1Q21 Net Profits grew sharply
252% QoQ and 29% YoY
Financial Performance Highlight: Expanding Revenue amid Challenges
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95.275.0 76.7
91.0101.3
Quarterly Revenue
1Q20 2Q20 3Q20 4Q20 1Q21
+ 11% QoQ
+ 6% YoY
MN Baht
310.7
377.0
308.8337.9
101.3
Revenue
2017 2018 2019 2020 1Q21
MN Baht
1Q21 Revenue was all time high, expanding amid challenge conditions at 11% QoQ and 6% YoY
Financial Performance Highlight: GP Improved YoY and QoQ, with High Margin
5
137.1
151.9
125.3
149.7
49.0
44%40% 41%
44%48%
0%
20%
40%
60%
80%
100%
2017 2018 2019 2020 1Q21
0
40
80
120
160
Gross Profit (MB) Gross Profit Margin (%)
MN Baht
1Q21 Gross Profit increased
24% QoQ and 6% YoY*
1Q21 Gross Profit Margin
was at high level at 48%
Note: * Compared figures are in 1Q2021 Financial Performance Summary page
(Unit: million Baht) 1Q2020 4Q2020 1Q2021 % YoY % QoQ
Revenue from sales and services 95.2 91.0 101.3 6% 11%
COGS 49.0 51.4 52.3 7% 2%
Gross Profit 46.2 39.6 49.0 6% 24%
%GPM 49% 43% 48% n.a. n.a.
SG&A 26.4 41.8 27.4 4% -35%
Distribution costs 6.4 6.7 7.9 22% 17%
Administrative expenses 19.9 35.1 19.5 -2% -44%
Other Income* 1.8 (0.2) 2.9 60% n.a.
Other gain (losses)** (5.9) 8.1 (4.1) n.a. n.a.
Finance costs 0.1 0.2 0.2 34% -5%
Tax income (expenses) 0.04 0.1 0.3 846% 533%
Net Profits 15.6 5.7 20.1 29% 252%
%NPM 16% 6% 20% n.a. n.a.
1Q2021 Financial Performance Summary
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Note: * Other Income including gains/losses from exchange rate, funding support for R&D projects etc.
** Other gains (losses) is the net unrealized gain (loss) from the exchange rate that do not enter the hedging accounting conditions. In 1Q2021, hedging accounting policy was implemented
for derivatives items to reflect the actual gains and losses on forward foreign exchange contracts in the financial statements which the Company hedges against fluctuations in foreign exchange rates.
Key Ratios7
0.200.18
0.27
0.200.22
2017 2018 2019 2020 1Q21
Debt to Equity
14.70
19.09
9.28 10.178.98
2017 2018 2019 2020 1Q21
ROA
18.85
22.72
11.34 12.4810.88
2017 2018 2019 2020 1Q21
ROE
2.393.36 4.05
7.54
11.84
2017 2018 2019 2020 1Q21
Inventory Turnover
Key Takeaway: 1Q2021 Financial Performance
▪ Net Profits grew sharply 252% QoQ and 29% YoY from expanding revenue and well-managed costs
▪ Revenue was all time high, rising amid challenge conditions at 11% QoQ driven by Animal ID and Immobilizer groups, and growing 6% YoY driven mainly by Animal ID group
▪ Gross Profit increased 24% QoQ and 6% YoY; GPM maintained high level at 48%
▪ Normalized SG&A, which decreased 35% QoQ
▪ NPM stood at high level at 20%
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COMPANY PRODUCTSPERFORMANCE & UPDATE
ANIMAL ID IMMOBILIZER ACCESS CONTROL/READER
NFC & Others
High performance in read range by SIC’s unique technique
ASIC design per customers’
requirements
Applicable with many applications and
standards
High quality and unique features for
leveraging the business
ANIMAL IDENTIFICATION
Latin
USA
AUS
EU
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1Q2020 4Q2020 1Q2021 QoQ YoY
32.7 34.0 38.4 13% 17%
Million Baht
Note: * The classification of revenue in each product group was adjusted to reflect the customer’s actual use of the products.
USAEU
Asia
12
IMMOBILIZER
1Q2020 4Q2020 1Q2021 QoQ YoY
31.4 22.6 30.3 34% (3%)
Million Baht
Note: * The classification of revenue in each product group was adjusted to reflect the customer’s actual use of the products.
ACCESS CONTROL &INTERROGATOR or READER
Asia
13
1Q2020 4Q2020 1Q2021 QoQ YoY
30.0 31.5 30.6 (3%) 2%
Million Baht
Note: * The classification of revenue in each product group was adjusted to reflect the customer’s actual use of the products.
NFC & Others
Sensor
InterfaceProduct
Anti Counterfeiting
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Product Authentication
and Traceability
Proof of Delivery Concept
E-card for Online Gaming
1Q2020 4Q2020 1Q2021 QoQ YoY
1.1 2.9 2.0 (31%) 76%
Million Baht
Note: * The classification of revenue in each product group was adjusted to reflect the customer’s actual use of the products.
REVENUE STRUCTURE15
BREAKDOWN BY PRODUCTS
121.2
38.4
86.7
30.3
121.8
30.6
8.2
2.0
2020 1Q21
Animal ID Immobilizer
Access Control/Reader NFC & Others
101.3
337.9
Mn Baht
Note: * The classification of revenue in each product group was adjusted to reflect the customer’s actual use of the products.
38%
30%
30%
2%
Access Control/
Reader Animal ID
Immobilizer
NFC & Others
REVENUE STRUCTURE*
**
2021 BACKLOG16
more than
80%2021
Sale Order
On-track Sale Order Supporting Revenue Growth in 2021
Updated: 31 Mar 2021
of 2021
expected
revenue
SICT TECHNOLOGY TALK
Building
Health care
Wearables
Home control
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IoT: Home Control, Appliances, WearablesIndustrial: Healthcare, Building, Automation,
Retails
Technology Advantages▪ Data privacy, security and safety▪ User/customer experience▪ Cost reduction▪ Efficiency and productivity▪ Mobility and agility
CLOUDData Center
NETWORKComputing
APPLICATIONIoT & Industrial
IoT Industrial
Appliances
Automation
The Era of Technology and Innovation
Capture Fast Growing IoT and Industrial Segments
Retails
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How NFC enhances the packaging solutions• Mobile devices supporting NFC technology are
broadening
• A various anti-counterfeiting solutions
• Retain the original packaging
• NFC tag can cover entire product lifetime
• NFC tag offers virtually unlimited authentication.
• Uniqueness URL from each tap
• Inimitable and unsharable
Smart Packaging
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Anti-counterfeiting
Ensure products are genuine
Brand protection
Keep products safe and connected; Items traceability
Smart Packaging
Label & Package insert Enhancement
Amplify the useful information (Facts & Caution) with more inclusive content
Create brand experience with interactive feature
Do less, Get more
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Smart Packaging
Packaging for Luxury Products
Brand Value
Brand Owner
Brand Loyalty
Brand Experience
Product Authentication for Trading or Resale
Keep the original brand pack safe
Trade and Transfer with the rights
Escalate the confident and trustiness
Disclaimer
The information (“Confidential Information”) contained in this presentation is strictly confidential and is provided by Silicon Craft Technology PLC (the “Company”) to yousolely for your reference. Neither this presentation nor any part thereof 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 inyour organization or elsewhere, without the prior written consent of the Company. By attending this presentation, participants agree not to remove this document, or anymaterials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company. Although carehas been taken to ensure that the Confidential Information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the ConfidentialInformation is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material informationconcerning the Company. None of the Company, or any of their respective members, directors, officers, employees or affiliates nor any other person accepts any liability(in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.This presentation is for information purposes only and does not constitute or form part of any offer or invitation for sale or subscription of or solicitation or invitation ofany offer to or recommendation to buy or subscribe for any securities, 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 in Thailand, United States or any other jurisdiction. Any such purchase should be made solely on the basis of theinformation contained in the announcements to the Stock Exchange of Thailand relating to such securities. No reliance may be placed for any purposes whatsoever on theinformation set forth in this presentation or on its completeness. This presentation contains projections and forward‐looking statements that reflect the Company'scurrent views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject tobusiness, economic and competitive uncertainties and contingencies as well as various risks and these may change over time and in many cases are outside the control ofthe Company. You are cautioned not to place undue reliance on these forward looking statements. No assurance can be given that future events will occur, thatprojections 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 forecasted and projected or in the forward‐lookingstatements.
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