Download - LOXLEY PUBLIC COMPANY LIMITED
LOXLEY PUBLIC COMPANY LIMITED
Key Highlights 9-month 2011
& Business Outlook
28 Nov 2011
Trinity Tea Talk
15 Sep 2011
2
1. Key Highlights 9-month 2011
2. Business and Organization Structure
3. Financial Highlights 9-month 2011
4. Key Business Driven Moving Forward
Content
1. Key Highlights 9-month 2011
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1. Key Highlights 9-month 2011
•Compared to 9-month’10, revenue in 9-month’11 of THB 9,360 million, increased by 33%, mainly resulting from an increase in revenue from ICT & Project Business.
•Revenues in Q1-Q3,2011 were THB 2,580, 3,427 and 3,420 million (Revenue Structure was ICT & Project : Trading : Service = 57:36:7)
Revenues
•Compared to 9-month’10 (before impairment) , net profit in 9-month’11 of THB 345 million, increased by 25%. Key contributions were 1) ICT & Project Business and 2) Equity profit from associate companies.
•Net profit in Q1-Q3,2011 were THB 143, 110 and 91 million. Decrease in net profit in Q3’11 was mainly due to project delay.
Net Profit
•Key business driven is ICT & Project Business which the existing backlog as at Sept’11 was THB 11,542 million, and this backlog will generate revenue in Q4’11 to 2012.
•Key business expansion in H2’11 will be Loxley Japanese Food Service (“Ai Japanese Food Village”) and L Solar 1. These project will slightly soft launch in H1’11 and fully commercialize to generate income in 2012.
•Key impacts from flooding problem were to some warehouses in Pathumthani province. The impact value to assets were considered as insignificant due to the preventive plan and the covered asset insurance.
Current issues
2. Business and Organization Structure
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PCC
ICT Turnover 3,433
Trading Turnover 3,368
MVNO
Loxley Global (LPC 51%)
Loxley Gtech (LPC 18%)
Turnover 3,529 MB Turnover10,769 MB Turnover 241 MB Turnover 322 MB Turnover 264 MB
CO. & Subsidiaries
Technology Turnover 380
Service Turnover 500
Associates
2.Business and Organization Structure
Project Turnover 1,679
25% 40% 30% 40% 50% 45% 51%
33%
Revenue 15,126 MB
Revenue 9,360 MB
Note : All figures were as of 9-month 2011
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2. Business and Organization Structure
Business Overview
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ICT & Project
Trading Business
Joint Venture Business
Service Business
2. Business and Organization Structure
3. Financial Highlights 9-Month 2011
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3. Financial Highlights 9-month 2011
Q3 and 9-month 2011 Highlights
THB Million Q3/2011 Q3/2010 YTD 2011 YTD 2010
Sales of products & services 3,404 2,458 9,360 7,060
Cost of sales and services -2,890 -2,043 -7,916 -5,903
Gross profit 514 415 1,444 1,157
Selling & admin expenses -487 -410 -1,366 -1,152
EBIT before Equity profit 54 51 163 126
Equity profit from associated 99 33 384 287
EBIT 153 83 547 413
Finance cost -44 -28 -111 -85
Income tax -17 -3 -72 -30
Net Profit 94 48 355 285
Impairment -3 -346 -10 -346
Net Profit after impairment 91 -298 345 -61
Key Financial Ratio Q3/2011 Q3/2010 YTD 2011 YTD 2010
% Gross Margin 15% 17% 15% 16%
% SG&A/Sales 14% 17% 15% 16%
% Net Margin 3% -12% 4% -1%
EPS (Baht) 0.05 -0.15 0.17 -0.03
9-Month
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3. Financial Highlights 9-month 2011
Revenue Comparison
Q3/10 VS Q3/11
YTD/10 VS YTD/11
Revenue : THB Million
39%
33%
Significant sales
growth
sales growth by 39% and 33% in Q3/11 and YTD2011
Mainly from ICT &
Project Business
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3. Financial Highlights 9-month 2011
Net Profit Comparison
Q3/10 VS Q3/11
YTD/10 VS YTD/11
Net Profit
: THB Million
81%
25%
Increase in Net Profit
Net Profit growth by 81% and 25% in Q3/11 and YTD2011
Mainly from ICT &
Project Business and
Equity Profit from
associate companies
Q3/2010 Q3/2011 YTD2010 YTD2011
Net Profit before impairment 48 94 285 355
Impairment 346 2 346 10
Net Profit (294) 91 (62) 345
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3. Financial Highlights 9-month 2011
• Total revenue in Q3/2011 remained stable compared to Q2/2011, which key contribution was ICT& Project Business.
• Slight decrease in Net Profit in Q3/2011
Quarterly Review for 2011
: THB Million
Revenues
Net Profit
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3. Financial Highlights 9-month 2011
• YTD 2011 (9-month) Revenue of THB 9,437 million increased by 21% comparing to 2011 revenue (Annualized basis).
• Revenue Structure ICT & Project : Trading : Service = 57:36:7
Revenue : 5-year Comparison
: THB Million
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3. Financial Highlights 9-month 2011
Consolidated Balance Sheets
Y2009 Y2010 SEP’2011
Total Assets 10,150 9,793 11,373
Total Liabilities 5,845 5,558 6,886
Shareholders’ Equity 4,304 4,235 4,488
Current Ratio 1.28 1.04 0.98
D/E Ratio 1.36 1.31 1.53
Y2009
4. Key Business Driven Moving Forward
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4. Key Business Driven Moving Forward
Order backlog
Jewel Investments
Business Expansion
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THB Million
Total Project Value
Total Order Backlog
18,069 11,542
4. Key Business Driven Moving Forward
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Order Backlog by Major Projects
4. Key Business Driven Moving Forward
Customers / Organizations Projects Project Order BacklogValue Sep' 11
ICT GROUPTOT 3G 5,600 4,480 CAT Communication Submarine Network (CSN) 2,527 2,527 Krung Thai Computer ServicesH/W and S/W Application 748 545 MOE 100 Classrooms Model 303 246
Fiber Optic Cable Network - Zone 4 Southern 447 167 Others 3,148 1,576 Total 12,773 9,542
PROJECT GROUPPEA 115-22kV Substations 1,528 666 EGAT Sectionalizing Mae-Moh Transmission Line 586 88 RTN Dipping Sonar 925 184 Sinothai Caddle/Lysaght - MRTA Purple line 181 181 Others 1,574 516 Total 4,794 1,637
TECHNOLOGY GROUPSRT Signalling Installation 63 routes - Nakornsawan 46 45
Signalling Installation 11 routes - Lam Chee 42 42 BECL Manual Toll Collection System (MTC) Section D 39 37
Manual Toll Collection System (MTC) Section B 30 28 ASST Joint Venture Track Rehap Phase 6 68 68 One to One Contacts Co., Ltd. Replacement for Phone Information System 55 42 Others 220 101 Total 502 363
18,069 11,542
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Milestone Phase 1.1 Phase 1.2 Phase 1.3 Total
Cell Site (Site)
Provinces
1,772
4
1,686
13
1,314
59 4,772
76
Samart
-Cell Site (Site)
-Provinces
1,772
4
438
2
493
19
2,703
25
Loxley
-Cell Site (Site)
-Provinces
-Value (MB)
0
0
298
1,248
11
3,039
821
40
2,262
2,069
51
5,599
North
Northeast
Central
South
SL Consortium – Samart & Loxley
Type Construction of the Third Generation of Mobile Telephone Network
Project Value 15,999 MB (Samart: Loxley 65:35)
Project Period May 2011- Apr 2012
3G Project
4. Key Business Driven Moving Forward
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4. Key Business Driven Moving Forward
CAT Submarine Network (CSN) Project
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Fiber Optic Cable Network-NEdNet
4. Key Business Driven Moving Forward
Milestone Zone 2 Zone 3 Zone 5 Total
Line Route (Site-School)
1,610 1,540 1,228 4,378
Distance (Km) 8,050 7,700 7,368 23,118
Project Value(MB)
553 529 506 1,588
AL Consortium – AIT & Loxley
Type Design, Supply and Installation of Optical Fiber Cable in zone 2-NEN, zone 3-NES and zone 5-S
Project Value Zone 2 Northeast-North 553 MB Zone 3 Northeast-South 529 MB Zone 5 South 506 MB
Project Period 600 Day (3rd Fiscal Yeas, 2011-2013)
* It is MOE Project with total Budget 3,000 MB (5 zones/7,600 schools).
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4.Key Business Driven Moving Forward
Jewel Investments : Investment at equity value 3,349 MB (30 Sep 2011) Compared to initial historical value at 1,390 MB
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Key Associate Joint Venture “BlueScope Lysaght / BlueScope Steel” • Established since 1995, represents the
largest plant in South East Asia and primarily a roll forming business specializing in the manufacture and supply of coated steel building products such as steel roofing, wall cladding, structural floor decking, high strength purlins, sandwich Panel system and a variety of other steel building products.
• The Map Ta Phut plant is incorporated a cold rolling mill and pick line (capacity 400,000 tonnes) metal coating capability (375,000 tonnes) and a paint line (90,000 tonnes).
• The business employs over 400 people.
4. Key Business Driven Moving Forward
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“BP-Castrol (Thailand)” • Established since March 1972, the
Company produces and distributes engine lubricants under the trade names of “Castrol” and “BP”. Market share represent one of top 5 leading lubricant distribute in Thailand.
• BP-Castrol’s blending plant is located in Samutsakhon and capacity is 80kt/y.
• The Company is reinforcing through its (I) Bike Point (1,802) network of maintenance catering to needs of the country’s large motorcycle fleet and (II) Auto Service (604) network of
maintenance and service for four-wheelers
Key Associate Joint Venture
4. Key Business Driven Moving Forward
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4. Key Business Driven Moving Forward
Business Expansion Loxley Green Solution
“L Solar 1” • VSPP-8MW / 20 years
• Technical Partners: Dupont PV / Leonics Inverter
• Location: 215 Rai at Prachinburi
• Investment of 720 MB.
• Commercial Operation Date in Dec 2011.
• Ai @ Terminal 21, opened on 11 Oct 2011
• WaQ@ Siam Paragon, coming soon!!!
• Ai @ The Nine, opened on 24 Jul 2011
Loxley Food Service
“Japanese Food Village”
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Investor Relations Contact Person : Boonlert Jaimun
Tel: 66 (0) 2348-8141 Fax: 66 (0) 2348-8614
E-mail: [email protected]
Loxley Public Company Limited 102 Na Ranong Road, KlongToey
Bangkok 10110, Thailand
www.loxley.co.th
Thank you