Dynasty Ceramic We are making the impossible, POSSIBLE.

39
Dynasty Dynasty Ceramic Ceramic “We are making the impossible, POSSIBLE.”

Transcript of Dynasty Ceramic We are making the impossible, POSSIBLE.

Page 1: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“We are making the impossible,POSSIBLE.”

Page 2: Dynasty Ceramic We are making the impossible, POSSIBLE.

Contents

Road to Success Sales Reports Cost of Production Performance Competitor Analysis Going Forward Q & A

2

Page 3: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“Road to Success”

Page 4: Dynasty Ceramic We are making the impossible, POSSIBLE.

Timeline

DCC Timeline

Established on the 1st of August 1989

Listing on the SET on the 3rd of

January 1992

Registered as PCL on the 4th of

March 1994

Merged with Tile Top Industry at the end of 1997

1st company owned outlet

in 1998

Registered Capital of 408 million Baht in

2000

Forbes Award − Best Under a Billion 200 Companies in 2002

Dynasty Production

Process in 2004

Forbes Award − Best Under a Billion 200 Companies in 2006

Computerized Systems in the middle of 2007

Waste Heat Recovery

System in 2007

Ranked 17th world’s Largest Ceramic Tile

Manufacturer in 2008

Forbes Award − Best Under a Billion 200 Companies in 2010

200432.2 M2004

32.2 M2006

37.4 M2006

37.4 M

200535.5 M2005

35.5 M

200842.2 M2008

42.2 M

200945.1 M2009

45.1 M

201264 M201264 M2010

51.6 M2010

51.6 M

4

201158.6 M2011

58.6 M

SET Outstanding Performance Award

2011

Dynasty Ceramic on 200 Best Public Companies

of the years 2010 Magazine

Page 7: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“Sales Reports”

Page 10: Dynasty Ceramic We are making the impossible, POSSIBLE.

Sales Volume & Sales Value Y2012Sales Volume & Sales Value Y2012

SALES VOLUME(M.Sqm.) SALES VALUE(MB)

2%%GROWTH 4%

1Q12

1Q11

2Q11

3Q11

4Q11

Y11

1Q12

1Q11

2Q11

3Q11

4Q11

Y11

Page 11: Dynasty Ceramic We are making the impossible, POSSIBLE.

Sales Volume & Sales Value 1Q2012Sales Volume & Sales Value 1Q2012

1Q12 4Q11 1Q11

%GROWTH 29%2%

28%4%

SALES VOLUME(M.Sqm.) SALES VALUE(MB)

1Q12 4Q11 1Q11

Page 12: Dynasty Ceramic We are making the impossible, POSSIBLE.

Outlet Quarterly Sales Outlet Quarterly Sales Performance by Region (MB)Performance by Region (MB)

Page 13: Dynasty Ceramic We are making the impossible, POSSIBLE.

Outlet Quarterly Sales Performance by Outlet Quarterly Sales Performance by Region (%)Region (%)

(%)(ล้�านบาท)

Agent 4%Agent 9%

Agent 2% Agent 2%Agent 7%

Agent 3%Agent 8%

Agent 2%Agent 1%

Agent 5%

Agent 3%Agent 6%

Agent 3%Agent 2%

Agent 5%

Agent 3%Agent6%

Agent 2%Agent 1%

Agent 4%

Agent 4%

Agent 9%

Agent 2%Agent 1%

Agent 6%

Page 14: Dynasty Ceramic We are making the impossible, POSSIBLE.

เปรียบเทยบยอดขายตามช่�องทางจำ�าหน�าย เปรียบเทยบยอดขายตามช่�องทางจำ�าหน�าย YY20020099 201– 201– 1, 1Q2012 1, 1Q2012 (MB)

(ล้�านบาท)

Page 15: Dynasty Ceramic We are making the impossible, POSSIBLE.

Sales Comparison by Distribution Sales Comparison by Distribution Channel YChannel Y 2010 201– 2010 201– 1, 1,

1Q20121Q2012(%)(ล้�า

Page 16: Dynasty Ceramic We are making the impossible, POSSIBLE.

Sales Comparison by Product Type YSales Comparison by Product Type Y22 009 20– 009 20– 11,1Q2012 11,1Q2012 (MB)

(ล้�านบาท)

Page 17: Dynasty Ceramic We are making the impossible, POSSIBLE.

Sales Comparison by Product Type YSales Comparison by Product Type Y22 010 20– 010 20– 11,1Q2012 11,1Q2012 (%)

Page 18: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“Cost of Production”

Page 21: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“Performance”

Page 22: Dynasty Ceramic We are making the impossible, POSSIBLE.

Notices

30% Tax (1Q11) DCC adopted new accounting standard (2011)

TAS19 - Employees’ Benefit Obligation (1Q11) First 85 Million Baht booked in Liabilities 12-15 Million Baht per year

Sales’ promotion and commission fee deducted directly from “Sales” (1Q11) Revising assets and its depreciation (2Q11)

23% Tax (2012)

22

Page 23: Dynasty Ceramic We are making the impossible, POSSIBLE.

QUARTERLY PERFORMANCE QUARTERLY PERFORMANCE

M.฿

M.฿

Page 24: Dynasty Ceramic We are making the impossible, POSSIBLE.

%GROWTH 2%47%

NET PROFIT(MB)NET PROFIT(MB)//EARNINGS PER EARNINGS PER SHARE(BAHT) 1Q2012SHARE(BAHT) 1Q2012

NET PROFIT(MB) EARNINGS PER SHARE(BAHT)

1Q12 4Q11 1Q11 1Q12 4Q11 1Q11

Page 25: Dynasty Ceramic We are making the impossible, POSSIBLE.

Performance

FY06 FY07 FY08 FY09 FY10 FY11 1Q12Revenue (Bt mil) 4,460 4,475 5,095 5,905 6,531 7,227 2,096

Cost of Goods Sold (Bt mil) (2,829) (2,742) (3,130) (3,384) (3,630) (4,143) (1,264)

Gross Profit (Bt mil) 1,631 1,733 1,965 2,521 2,901 3,084 832

Gross Profit Margin (percent) 37 39 39 43 44 43 40

SG&A (Bt mil) (742) (791) (978) (1,079) (1,208) (1,237) (347)

Net Profit (Bt mil) 567 543 664 994 1,175 1,243 373

FY06 FY07 FY08 FY09 FY10 FY11 1Q12

Sales (Bt mil) 4,452 4,458 5,089 5,884 6,511 7,207 2,093

Sales Volume (Sqm. mil) 34 35 41 47 51 56 16

Average Sales Price (Bt/Sqm.) 129.31 125.72 124.65 125.38 128.62 128.91 128.93

25

Page 26: Dynasty Ceramic We are making the impossible, POSSIBLE.

Performance

FY06 FY07 FY08 FY09 FY10 FY11 1Q12

Gas Cost of COGS (Bt mil) 619.06 549.06 929.76 702.97 946.81 1,314.41 381.31

Natural Gas Price (Bt/MMBTU) 259.39 257.09 354.44 245.54 303.07 371.67 412.03

Transportation Cost (Bt mil) 362.15 345.70 438.51 410.48 517.39 598.06 170.08

Transportaion Cost (Bt/Sqm.) 10.34 9.58 10.69 8.66 9.97 10.58 10.56

Oil Price (Bt/Litre) 25.58 25.50 31.17 23.87 28.50 29.44 31.29

26

Page 28: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“Competitor Analysis”

Page 31: Dynasty Ceramic We are making the impossible, POSSIBLE.

Profit (MB)

31

Page 32: Dynasty Ceramic We are making the impossible, POSSIBLE.

ASP (Baht/Sqm.)

32

Page 33: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“Going Forward”

Page 34: Dynasty Ceramic We are making the impossible, POSSIBLE.

Risk Factors

Natural Gas price is said to increase 5% in 2012 Natural Disaster worse than previous year? Government Policies

Page 35: Dynasty Ceramic We are making the impossible, POSSIBLE.

Production Capacity Expansion Plan

2012

Page 36: Dynasty Ceramic We are making the impossible, POSSIBLE.

2012 Outlook

Targeting 10% growth in revenue Targeting to open 15 outlets Targeting 42% gross margin Increase ASP to 133 Baht Domestic market share up to 50% Increase 5% in production capacity by modifications More than 95% capacity utilization rate Reduce 5% of labor Reduce SG&A Intensive training programs for all employees

36

Page 37: Dynasty Ceramic We are making the impossible, POSSIBLE.

…and Next?

Targeting 10 billion Baht Revenue at the end of 2014 Increase same store growth 350 Outlets in 2021 throughout Thailand Reduce 5% of work force every year for the next 5 years Improve gross profit margin Maintain 100% dividend pay out Looking for market opportunity abroad Research, Research, Research

Page 38: Dynasty Ceramic We are making the impossible, POSSIBLE.

Dynasty Dynasty CeramicCeramic

“Questions?”

Page 39: Dynasty Ceramic We are making the impossible, POSSIBLE.

MARUTH SAENGSASTRAVice President & C.I.O.

Dynasty Ceramic PCL.Tile Top Industry PCL.37/7 Sutthisarn Rd., Samsennok, Hueykwang BKK.10310E-mail : [email protected]

39