opportunity day: 4q/2017 28/03/2018 · bangkok used car show a high-quality second-hand car...

Opportunity Day: 4Q/2017

28/03/2018

Contents

Company Overview

Financial Highlight

Outlook

Company OverviewBackground and History : GPI’s 5 decades of leader in automotive media and exhibition

GPI was established in 1970 to publish automotive magazine named “Grand Prix” which become a No.1 of automotive magazine in Thailand. Subsequently, issued various publishing related with automotive i.e. Offroad magazine, Yuadyan newspaper etc.

1970

Expanded into printing business with strategy to create economies of scale from printing machine using in publishing business and to increase overall revenues.

1974

1979After successful of Grand Prix magazine, GPI initiated the first automotive exhibition in Thailand named “Motor Show 79” held at Lumpini Park of area 16,200 sqm.

GPI moved the venue to Suan Amporn and BITEC Bangna lattely. And also expanded area of event. First OICA certificated in 2004 (25 th The Motor Show)

1980 - 2010 Currently, Bangkok International Motor Show held at Impact Arena Muang Thong Thani with area of 170,000 sqm.

Present

Oversea Expansion and increasing revenue streams in related industry.

Industry OverviewAutomotive Industry Outlook : Unlocking of the first-car tax scheme

0.62 0.550.80 0.80

1.44 1.33

0.88 0.80 0.77 0.87

0.00

0.50

1.00

1.50

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

(Mil. Units)

1.391.00

1.65 1.46

2.45 2.461.88 1.91 1.94 1.99

0.000.501.001.502.002.503.00

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

(Mil. Units)

Domestic Car Sales

Automotive Production

First Car Scheme

First Car Scheme

Unlocking of the first-car tax scheme since September 2016, buyers under this policy can now sell their cars and buy new ones, resulting in the recovery of Thailand’s auto sector. Presented by increasing of 2017 domestic car sales with approximately 13% yoy.

The recovery of sector and demand would give automakers confidence to spend on marketing and exhibition

Opportunity in 2018

Industry OverviewAdvertising Expenditure Outlook : Digital advertising continues to rise over time

• Analog & Digital TV are the largest ads spending almost 60% of total ads expenditure.

• Automotive industry is in the top 5 ads spenders which is nearly 8% of total ads expenditure.

Total Advertising Expenditure

113,097102,346

122,175107,923 101,445

50,000

70,000

90,000

110,000

130,000

2013 2014 2015 2016 2017

*Exclude Section : Classified, House ads

Unit : Million Baht

Source by the Nielsen Company

15,256 13,166 12,323 9,843 7,706

0

10,000

20,000

2013 2014 2015 2016 2017

5,674 4,721 4,268 2,929 1,943

0

5,000

10,000

2013 2014 2015 2016 2017

877 950 1,0581,731 1,513

0

1,000

2,000

2013 2014 2015 2016 2017

Newspapers

Magazines

Internet

Company Overview

VISION “Aim to be a leader in innovative automobile media and integrated exhibition organizer to drive Thai automotive industry to international”

Exhibitions and Events Print and New Media Printing

Bangkok International Motor Show

Company OverviewExhibitions & Events : Leading Position in Auto Event Organizer of ASEAN

The Thailand’s largest automotive innovation exhibition with the international standard certified by *OICA.

Rental service is the main income of this business, with other revenues such as ticket fee, utility, organizer services fee.

The most visited motor show of the world. With 1.6 million visitors

Bangkok Used Car Show

A high-quality second-hand car exhibition from renowned distributors. Exhibits for 9 times since 2009, with over 0.2 million Thai and foreign visitors.

Company’s event: GPI organizes own event intending to advertise company, most event are automotive contest i.e. Car & Bike of the year etc.

Customer’s event: test drive, launching new automotive innovation, Air race 1.

* OICA: Organisation Internationale des Constructeurs d'Automobiles

84%

of Service Revenue in 2017

Exhibition

Even

t

Event Organizer

Company OverviewPrint & New Media : Expanding market into online platform

7%


Print and Media New Media

Magazine: GPI creates and publish many magazine related with automotive content including Grand prix, Motorcycle, XO Auto sport and Off road. And also acquires license to publish a foreign lifestyle magazine under the name Garage Life.

Newspaper: GPI issues weekly newspaper named YuadYan, one of the legendary automotive newspaper in Thailand

Television media: GPI currently produces 1 TV program with automotive and variety contents.

Website: GPI expanded to online media by creating website according to its magazine which including www.grandprix.co.th, www.xo-autosport.com and www.offroadmag-thailand.com.

Online TV: GPI broadcasts automotive tips and innovation program via Youtube.

Online TVWebsiteMagazine News Paper

Publishing Online Channel

Company OverviewPrinting : Creating value through quality printing

9%


Printing

Provides full printing service in various types, such as magazine, catalog, brochure, calendar etc.

The company has a strategy to develop printing machine for supporting multi-function of printing services i.e. packaging printing services. 4 Years Awards

Packaging BusinessExample of services

Contents

Company Overview

Financial Highlight

Outlook

82.50 75.9057.08

20.00

40.00

60.00

80.00

100.00

2015 2016 2017

58.41 52.20

74.60

20.00

40.00

60.00

80.00

2015 2016 2017

Exhibition & Event Publishing & New Media Printing

• Exhibition & Event increased by +9.4% mainly from the Air Race 1 that held in November 2017. Bangkok International Motor Show’s revenue contributed approximately by 60% of total revenue.

• Publishing & New Media generally decreased by -24.8% primary due to downtrend of publishing market however we still remain the bottom line to keep profitability in publishing business and increase revenue in online media.

• Printing dramatically increased by +42.9% mainly from increasing and extending in more various type of works such as the diary and New Year Card.

Financial HighlightSale & Service Revenue By Segments: Generating New Revenue Streams in every segments

569.23 541.29 526.55

66.35 83.23 156.70

-

200.00

400.00

600.00

800.00

2015 2016 2017

683.24624.52635.58

Financial HighlightProfitability: Significant Bottom-line Growth

807.88 761.64824.06

300.00

450.00

600.00

750.00

900.00

2015 2016 2017

776.48 752.62814.92

300.00

450.00

600.00

750.00

900.00

2015 2016 2017

348.95317.85 329.79

44.94% 42.23% 40.47%

0.00%

50.00%

100.00%

200.00

250.00

300.00

350.00

400.00

2015 2016 2017

126.09119.60

140.17

15.61% 15.70% 17.01%

0.00%10.00%20.00%30.00%40.00%50.00%

100.00110.00120.00130.00140.00150.00

2015 2016 2017

Sale & Service Revenue Total Revenue

Gross Profit / Margin Net Profit / Margin

166.36151.47

175.18

21.42% 20.13% 21.50%

0.00%

20.00%

40.00%

100.00

120.00

140.00

160.00

180.00

2015 2016 2017

EBIT/ Margin

+8.28% YoY +8.20% YoY

+3.76% YoY +15.65% YoY +17.20% YoY

Financial HighlightFinancial Structure: Strong Financial Structure & High Liquidity

536.46 906.68

180.68

178.22

4Q16 4Q17

Non-Current Current Asset

283.15 320.78

38.7522.21

4Q16 4Q17

Non-Current Current

396.30

741.91

4Q16 4Q17

Assets Breakdowns (THB million) Total Liabilities Total Equity

60.27149.40

26.34177.98

413.99

Beginning as

of 2017

CFO CFI CFF Beginning as

of 2018

Free to Cash Flow (THB million)

75%

25%88%

Balanced sheet strength (Unit: million baht)

84%

16%

94%718.20

1084.90

D/E Ratio 0.46

Current Ratio 2.83

Cash & Trade receivable 570

Deferred Incomes 257

Low leverage & High Liquidity

Contents

Company Overview

Financial Highlight

Outlook

OutlookOversea Expansion: Main Organizer in Yangon International Motor Show

On Processing

Yangon International Motor Show in Myanmar• Supported by Myanmar Authorized Automobile

Distributors Association (MAADA)• GPI will hold the exhibition twice annually – in Q3 & Q4• YCC is the prime location in Myanmar, which takes 20

minute’s car distance from Yangon Airport.• Total capacity approximately by 9,000 m2

New Regulations• Left Hand Drive Vehicle Imports: most imported vehicles

came from Japan, which drives on the left-hand side of the road.

Oversea & Event

Expansion

One-Stop Auto

Sourcing

Expanding into

Packaging Market

Planning to arrange auto show in CLMV.

Event expanding in other fields Rental service revenue is increased

by 7% in Bangkok Motor Show 39th.

Increasing revenue stream after Bangkok International Motor Show, which is held in first half year by printing in more various types of work.

GPI Printing has been nominated in Thai Print Award every years since 2014

OutlookFuture Outlook: Growth Strategy

End-to-end auto portfolio options. Integrate the offline and online

sales. Big data: Analyzed the customer’s

behavior and preference to increase more reach and engagement of the customer through online media.

DisclaimerThe information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for share in Grand Prix International Public Company Limited (“GPI” and shares in GPI, “shares”) in any jurisdiction nor should it or any part of it form the basis of, or be relied upon in any connection with, any contract or commitment whatsoever. This presentation may include information which is forward-looking in nature. Forward-looking information involve known and unknown risks, uncertainties and other factors which may impact on the actual outcomes, including economic conditions in the markets in which GPI operates and general achievement of GPI business forecasts, which will cause the actual results, performance or achievements of GPI to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation. This presentation has been prepared by the GPI. The information in this presentation has not been independently verified. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of the GPI or any of its agents or advisers, or any of their respective affiliates, advisers or representatives, shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. This presentation is made, furnished and distributed for information purposes only. No part of this presentation shall be relied upon directly or indirectly for any investment decision-making or for any other purposes. This presentation and all other information, materials or documents provided in connection therewith, shall not, either in whole or in part, be reproduced, redistributed or made available to any other person, save in strict compliance with all applicable laws.

Corporate InformationShare Structure & Management Team

Issuer Grand Prix International Public Company Limited

Ticker GPI

Market SET

Registered Capital 300,000,000 THB (600,000,000 shares / Par 0.50 baht/share)

Use of IPO Proceeds

I. Acquire new printing machine

II. Working Capital

Free float 19.03%Eamlumnow Family 63.14%Others 17.83%

Share Structure (as of 9 Mar 2018) Management Team

Name Designation1. Dr. Prachin Eamlumnow Chief Executive Officer2. Mr. Jaturont Komolmis Chief Operation Officer – Sales and Marketing3. Mr. Anothai Eamlumnow Chief Operation Officer – Business development4. Mr. Peeraphong Eamlumnow Chief Operation Officer – Media

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opportunity day: 4q/2017 28/03/2018 · bangkok used car show a high-quality second-hand car...

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