Presentation: 1H18 Performance - Grand Prix International ...
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Presentation: 1H18 Performance
Contents
I. Key Highlight
II. Company Overview
III. Financial Performance
IV. Business Update
PAGE 1
Contents
I. Key Highlight
II. Company Overview
III. Financial Performance
IV. Business Update
PAGE 2
Key Highlight
Operation Highlight
Bangkok International Motor Show &
Used Car Show
The Magnificent 10 & OFFROAD Day Honda Racing E-Racing Sport
PAGE 3
Key Highlight
Performance Highlight
(Unit : Million Baht) 1H18 1H17 YoY
Revenue from Sales & Services 648.70 626.85 +3.49%
Gross Profit 347.03 319.79 +8.52%
Net Profit 209.54 186.90 +12.12%
% to Sales & Services 1H18 1H17
Gross Profit (% to sales & services) 53.50% 51.02%
Net Profit (% to total revenue) 32.07% 29.61%
PAGE 4
Contents
I. Key Highlight
II. Company Overview
III. Financial Performance
IV. Business Update
PAGE 5
Company Overview
“Aim to be a leader in innovative automobile media and integrated exhibition organizer to drive
VISION Thai automotive industry to international”
1 Exhibitions and Events 2 Print and New Media 3 Printing
Revenue Contribution as of Sales & Service Revenue
9% 4%4%
Exhibition & Event 7%
Print & New media 2017 1H18
Printing
84% 92%
PAGE 6
Company Overview
Exhibitions & Events : Leading Position in Auto Event Organizer of ASEAN
1 Bangkok International Motor Show Number of visitors Unit: million
International standard 1.78 1.73 1.65 1.60 1.62
High quality
Well-known reputation
2014 2015 2016 2017 2018
Highlight & Concept Car from the Financial Drivers
headquarter auto manufacturers
• high occupancy rate through providing exhibit
space service
Strong relationship with leading
automotive company
PAGE 7
Company Overview
Exhibitions & Events : Leading Position in Auto Event Organizer of ASEAN
2 Bangkok Used Car Show 3 Event Organizer
A high-quality second-hand car exhibition from renowned
distributors. Company’s event: automotive contest i.e. Car & Bike of the year etc.
Exhibits for 10 times since 2009, with over 0.2 million visitors Customer’s event: test drive, launching new auto event, Air race 1
Extensive experienced in automotive
industry
The Magnificent 10
Expanded business into other fields
2-8 April 2018 E-Racing Sport
PAGE 8
Company Overview
Print & New Media : Creating community and building engagement
Print and Media
Magazine: related with automotive content including
Magazine News Paper
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: weekly newspaper Yuad Yan, one of the legendary automotive
newspaper in Thailand
Website: expanded to online media by creating website according to its magazine.
Publishing Television media: 1 TV program with automotive and variety contents.
Key Value
• Insight information, trendy and lifestyle
• Creating community and building engagement
Online Channel
PAGE 9Company Overview
Printing : Creating value through quality printing
Provides full printing service in various types, such Key Drivers
as magazine, catalog, brochure, calendar etc.
The company has a strategy to develop printing • Quality Printing
machine for supporting multi-function of printing • Cost Effectiveness
services i.e. packaging printing services.
Example of services 4 Years Awards
PAGE 10Contents
I. Key Highlight
II. Company Overview
III. Financial Performance
IV. Business Update
PAGE 11Financial Performance
Sales & Services Revenue By Segments: Fully recorded revenue from The Exhibitions
1 Exhibition & Event 2 Print & New Media 3 Printing
Event Exhibition Unit: million baht
683.24 74.60
635.58 82.50 75.90
624.52 58.41
66.35 83.23 156.70 57.08
52.20
39.03
32.36 27.70
569.23 541.29 526.55 555.46 593.59 27.41
2015 2016 2017 1H17 1H18 2015 2016 2017 1H17 1H18 2015 2016 2017 1H17 1H18
Exhibition & Event Print & New Media Printing
• Fully recorded revenue from the Motor • Revenue from online media was • Revenue from printing business was
Show and Used Car Show in first half increased while revenue from offline decreased from lower projects than
year media was slightly decreasing the same period of the year.
PAGE 12Financial Performance
Profitability: Sales & Services Revenue up to 3.49% YoY
Sales & Services Revenue (million THB) +3.49% YoY
776.48 814.92
752.62
626.85 648.70
• Sales & Services Revenue was increased by 3.49% YoY
• mainly from Exhibition and event organizing business.
2015 2016 2017 1H17 1H18
PAGE 13Financial Performance
Profitability: Gross Profit up to 8.52% YoY
Gross Profit (million THB) +8.52% YoY
348.95 329.79 319.79 347.03
317.85
2015 2016 2017 1H17 1H18
% to Sales & Service Revenue • Gross Profit was increased by 8.52% YoY with 53.50% to
sales and services revenue.
2015 2016 2017 1H17 1H18 • According to revenue from providing space service increased
44.94% 42.23% 40.47% 51.02% 53.50% in BIMS while cost remained stable
PAGE 14Financial Performance
Profitability: Net Profit up to 12.12% YoY
Net Profit (million THB) +12.12% YoY
209.54
186.90
126.09 119.60 140.17
2015 2016 2017 1H17 1H18
• Net Profit was increased by 26.24% YoY with 32.07% to
total revenue.
% to Total Revenue
• S&A to sales and services revenue was decreased from
2015 2016 2017 1H17 1H18 effective controlling in expense.
15.61% 15.70% 17.01% 29.61% 32.07%
PAGE 15Financial Performance
Financial Structure: Strong Financial Structure & High Liquidity
Assets Breakdowns (THB million)
Non-Current Current Asset
Total Liabilities Total Equity
Non-Current Current +16.11%
1084.90
970.07 342.99 861.45
178.22 16%
179.69 19% 22.21 -68.33%
108.62 741.91
84% 23.64
81%
320.78 84.97
906.68 790.39
4Q17 2Q18 4Q17 2Q18
4Q17 2Q18
Balanced sheet strength as of 2Q18 (Unit: million baht) Dividend Policy
Cash & Trade receivable* 108
Dividend no less than 50% of net profit
D/E Ratio 0.13
2017 0.26 baht/share
ROE 30.49%
1Q18 0.15 Baht/share
ROA 31.18%
Remark : *Cash and cash equivalents was 11.8 THB million, Trade and other receivables was 96 THB million PAGE 16Contents
I. Key Highlight
II. Company Overview
III. Financial Performance
IV. Business Update
PAGE 17Business Update
Oversea Expansion: Main Organizer in Yangon International Motor Show
Under Construction
Yangon International Motor Show in Myanmar
• Will be held after YCC (Yangon Convention Centre)
completed construction work.
• Supported by Automotive Association of Myanmar (AAM)
Left-hand Car Car Accessories
Total capacity approximately by 9,000 m2
PAGE 18Outlook
Future Outlook: Growth Strategy
Oversea & Event One-Stop Auto Expanding into
Expansion Sourcing Packaging Market
End-to-end auto portfolio options. Printing in more various types of
Planning to arrange auto show in Integrate the offline and online works.
CLMV. sales. GPI Printing has been nominated in
Event expanding in other fields Digital Marketing strategy through Thai Print Award every years since
consumer behavior in BIMS 2014
PAGE 19Q&A
Disclaimer The 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.
Appendix
Corporate Information
Share Structure & Management Team
Share Structure (as of 09 March 2018) Management Team
Free float 37%
Eamlumnow Family 63%
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) 3 2 1 4
Name Designation
1. Dr. Prachin Eamlumnow Chief Executive Officer
2. Mr. Jaturont Komolmis Chief Operation Officer – Sales and Marketing
3. Mr. Anothai Eamlumnow Chief Operation Officer – Business development
4. Mr. Peeraphong Eamlumnow Chief Operation Officer – Media
PAGE 231H18 Profit & Lost
1H17/1H18
Unit : THB million 1H18 1H17
change
Revenue from sales and services 648.70 626.85 3.49%
Cost of sales and services 301.67 307.06 -1.75%
Gross profit 347.03 319.79 8.52%
Other revenue 4.66 4.31 8.13%
Total revenue 653.36 631.16 3.52%
S&A 89.74 89.98 -0.26%
EBIT 261.95 234.12 11.89%
Net profit 209.54 186.90 12.12%
EPS 0.35 0.37
PAGE 24Financial Position as of 30 June 2018
2Q18/4Q17
(Unit: THB mn) 2Q18 4Q17
change
Cash and cash equivalents 11.85 413.99 -3394.75%
short-term investments 672.81 330.16 50.93%
Trade and other receivables 96.01 156.62 -63.13%
Inventories 9.73 5.91 39.22%
Total current assets 790.39 906.68 -14.71%
Fixed assets 132.82 130.13 2.03%
Goodwill and other intangible assets 46.86 48.09 -2.61%
Total Assets 970.07 1,084.90 -11.84%
Trade and other payables 41.50 55.40 -33.50%
Deferred income 0.61 256.64 -42194.22%
Other current liability 42.87 8.74 79.62%
Total current liabilities 84.97 320.78 -277.50%
Long-term debt - -
Provision for Employee Benefit 23.64 22.21 6.06%
Other non-current liabilities - -
Total Liabilities 108.62 342.99 -215.78%
Unappropriated retained earnings 135.46 15.91 88.25%
Total Shareholder's Equity 861.45 741.91 13.88%
PAGE 25IR website: http://investor.grandprix.co.th Email: ir@grandprix.co.th Tel: +66 2522 1731-8 #309
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