FILTER VISION PUBLIC COMPANY LIMITED · Reverse Osmosis System Automatic Regenerate Softener Filter...

FILTER VISION PUBLIC COMPANY LIMITED

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Opportunity Day : Q2.2018 Aug 23, 2018 At The Stock Exchange of Thailand

Disclaimer

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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 Filter Vision Public Company Limited (“FVC” and shares in FVC “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 FVC operates and general achievement of FVC business forecasts, which will cause the actual results, performance or achievements of FVC to differ, perhaps materially, from the results, performance or achievements expressed or implied in this presentation.

This presentation has been prepared by FVC. 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 FVC 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.

Contents

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Business Overview

Financial Information

Strategy and Outlook

Q & A

Contents

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Business Overview



Q & A

Business Overview

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FVC distribute, design, assembly, install and preventive maintenance of water

treatment system and related products

Industrial & OEM

B1

Commercial & Residential

B2

Medical Service

B3

B3 (IRV) – Dialysis SOLN, Water and Facility for Hemodialysis(HD) B3 (KTMS) – Hemodialysis Center B3 (MV) – Pneumatic Tube System B3 (HHC) – Healthcare and aesthetics

Business Overview

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B1 : Industrial and OEM

Reverse Osmosis System Automatic Regenerate Softener Filter

Semi Automatic Water Purifier

Business Overview

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Ultra Filtration Zero Discharge Wastewater Treatment System

Business Overview

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Bio-Well for Dental Bio-Well for Dental

Business Overview

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B2 : Commercial and residential

UV System Prefilter R30-BB+7FC Triple+Claris L

Business Overview

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RO system + Everpure High flow triple Water system for drinking water and ice machine

Business Overview

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Nitro-Coffee Water INT

Business Overview

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B3 : Medical service IRVING CORPORATION LIMITED

Pure Water Treatment System for HD Decoration for HD

Business Overview

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B3 : Medical service IRVING CORPORATION LIMITED

Dialysate Solution Dialyzer Cabinet

Chemical Hood

Business Overview

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B3 : Medical service KT MEDICAL SERVICE COMPANY LIMITED

KT Medical Service Hemodialysis Center

Business Overview

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B3 : Medical service MEDICAL VISION COMPANY LIMITED

Pneumatic Tube System

Business Overview

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B3 : Medical service HI HEALTHCARE CENTER COMPANY LIMITED

Healthcare and aesthetics clinic under trademark “Wuttisak Clinic”

Industrial & OEM (B1)

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Customer Segments

Commercial & Residential (B2)

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Customer Segments

Commercial & Residential (B2)

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Customer Segments

Medical Service ( B3)

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Customer Segments

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Business Overview



Q & A

Content

302.86

360.75 364.91

394.31

459.26

210.03

308.76

0

100

200

300

400

500

2013 2014 2015 2016 2017 1H17 1H18

B1 14%

B2 40%

B3 46%

1H18 Revenue Breakdown Revenue

(Bt.mil) 1H2017 1H2018 increase/ decrease

%

B1 40.51 42.39 1.88 4.64%

B2 108.55 123.92 15.37 14.16%

B3 60.97 142.45 81.48 133.64% Total 210.03 308.76 98.73 47.01% 22


Bt. mil

B1 19%

B2 52%

B3 29%

1H17 Revenue Breakdown

Personnel 64%

Traveling 5%

Office expense 6%

Depreciation 5%

Professional 5%

Others 15%

Q1'17 Q2'17 Q3'17 Q4'17 1H17 1H18

6.43 5.97 6.89 6.35 12.40 13.22

12.71 13.57 13.84 14.35

26.28

34.94

6.53 6.65 6.64 7.02

13.18

15.48

Selling Admin Management

SG&A

YoY 22.72%

Q2’18 SG&A Breakdown (Bt.mil)

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SG&A increased by 22.72 % : Mainly from Personnel expenses and expenses of the new subsidiary.

25.67 26.19 27.37 27.72

51.86 63.64

Net Profit & Net Profit Margin (Bt.mil)

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>> Revenue in new business has insufficient to cover the costs. >> Trend of sale and service income will grown as continues.


YoY -5.93%

YoY -319.44%

%

AMOUNT

5.69 4.99

9.72

21.69

4.99

-10.95

5.06%

2.88% 2.38%

4.72%

2.38%

-3.55% -4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

(6.00)

(1.00)

4.00

9.00

14.00

19.00

24.00

1Q17 2Q17 3Q17 4Q17 1H17 1H18

Net Profit Net Profit Margin

100

200

300

400

500

600

700

800

900

2013 2014 2015 2016 2017 Q1'18 Q2'18

275.40 285.95

407.05 466.93

787.13 835.17

877.14

203.44 208.98

336.33 358.99

663.70 657.40 663.33

71.96 76.97

70.72 107.94

123.43 177.77

213.81

Asset Equity Liabilities

Balance Sheet (Bt.mil)

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Assets >> Purchased assets amount 102.22 MB (from assets agreement amount 66.17 MB.). >> Account receivable in subsidiaries as increase amount 69.19 MB (from new business 57.51 MB.). >> Inventory in new business as increased amount 10.12 MB. >> Cash and cash equivalent decrease amount 118.13 MB. Liabilities >> Account payable and unearned income in new business amounting 33.15 MB.

>> Loan from financial institute amount 37.55 MB.


6.29%

2.01% 2.60%

4.24% 4.24%

-3.82% -3.30%

1Q17 2Q17 3Q17 4Q17 4Q17 1Q18 2Q18

4.89%

1.67% 2.17%

3.46% 3.46%

-3.11% -2.63%

1Q17 2Q17 3Q17 4Q17 4Q17 1Q18 2Q18

ROE

ROA

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>> Investing in franchise cannot generate a good return in short term.

QoQ 0.48%

QoQ 0.52%

D/E

28

QoQ 0.05%


D/E ratio increased from previous year, due to >> Loan from financial institute amount 37.55 MB. >> Account payable and unearned income in new business amounting 33.15 MB.

0.27

0.14 0.14

0.19 0.19

0.27

0.32

1Q17 2Q17 3Q17 4Q17 4Q17 1Q18 2Q18

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Business Overview



Q & A

Content

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FVC Road Map

Food & Beverage Medical Service

IPO on October 29, 2013.

2013

2014

2015

Restructure Technical Service Department “Water Treatment” & “Food Equipment”.

- Capital Increased to 195 MB. - Purchase land for new office and warehouse (BKK).

Expand market to Medical Service Sector .

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FVC Road Map

2016

2017

2018

- Purchase land in Chiang Mai. - Capital increased to 342.79 MB. - Special project for discount store. - Water treatment for dental.

- Capital Increased to 355.50 MB. - Start with new office and warehouse (BKK). - Launching New Products ; Water INT and Nitro Coffee. - Re-positioning in Industrial and OEM (B1) - Recognize income from improve wastewater treatment systems.

- Entered into franchisee of “Wuttisak Clinic” - New Local Marketing & Operation in healthcare and esthetics business. - ASEAN Medical Device Directive (AMDD) supported by the government. - Exercise the 100 HD machines (approximate).

Operated Hemodialysis Center and Pneumatic Tube System.

- Operated 2 new branch of Hemodialysis Center. - On-line Hemodiafiltration. - Capital increased to 40.00 MB. (KTMS) - Entered MOU with “Wuttisak Clinic”.

Food & Beverage Medical Service

Sale force management

• Announce New Vision. • Balancing The Business’s Portfolio. • Uniformed Employer & Employee Branding. • Operated a New Office, Warehouse, Dialysate Solution (North). • School of FVC : F&B Engineering & Medical Service. • Supply Chain Mgmt. : Central operation center, Utilities' Mgmt. • Spin-off Commitment to mai in 2020.

Corporate

• Sale Target : 150-170 MB. In 2020 • Contractor and O&M for WTP and WWTP. • Green & Energy Saving Technology for Special Application. • R & D resources for FVC.

B1

Industrial & OEM

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FVC Road Map : Plan 2019 - 2021


• Sale Target : 300.00 MB. In 2020 • Operation Synergised to Reducing Cost as well as Standardized • Medical Engineering Support and Production : ASEAN Medical Device

Directive (AMDD),Good Distribution Practice for Medical Devices (GDPMDS).

• Increasing The Hemodialysis Operation (All Products) : Forward & Backward Business.

• Local Marketing & Operation for Wuttisak Clinic. • Operated 25 branch of Wuttisak Clinic in 2020.

B3

Medical Service

• Sale Target : 500.00 MB. In 2020 • Turned around knowledge base to be sale (Value added). • The New Flagship ; Water Int / Nitro Coffee / Food equipment. • Analysed the Big Data for New Product & Service

B2


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FVC Road Map : Plan 2019 -2021


• Contactor + O&M : Trading (80:20). • Green and energy saving technology.

B1

Industrial & OEM

• From base to be AR. • Rolling value added to business partner. • Finding New Ecosystem Man with Optimistic

B2


• Medical engineering, Inspiration for hope (HD), and FVC employee branding (healthcare and aesthetics).

B3

Medical Service

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o New Technology Product

o New Green& Environmental friendly

New Product Highlight

Water Int Water Injection

Intelligent

• Contractor + O&M : Trading (80:20). • Green and energy saving technology.

------------------------------------------------------- • Sale force management. • Project Management.

B1

Industrial & OEM

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Technology for Demineralized System and Waste Water Recycle System.

• Ultrafiltration • Reverse Osmosis • Ion Exchange resin. • EDI (Electrodeionization)

Water treatment system

Alkaline Drinking Water System

Renovated Water treatment system

Water Recycle Treatment system project

UV Disinfection for

F&B

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Rainwater Inlet

STEP 1

STEP 2

STEP 3

STEP 4

Top Up Valve

Floating Suction Filter

Rainwater Harvesting

Tank

Smoothing Inlet

• From base to be AR. • Rolling value added to business partner. • Finding New Ecosystem Man with

Optimistic. --------------------------------------------------------

• Business partners’ satisfaction. • Analytical report.

B2


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One System with all sanitation aspects

2015 V1 BES Group 45

COMMERCIAL - PORTABLE AIR TREATMENT

OZONE GENERATOR

Green solution to odor control Kill viruses, germs, bacteria

from hotel rooms, clinics, homes, public spaces.

High Output, Hi-Efficiency Ultra Long Life American made UV Tube

On/Off switch with build-in LED 9 position electronic timer

Easily freshen a 100 m³ space in 10 minutes, and a 2,200 m³ space in about 2 hours or less.

Water Int Water Injection Intelligent

INNOVATION that increase an efficiency of air conditioning system. • Reduces condensing unit temperature • Increase performance of the system • Conserve electrical consumption ≥ 20% • Reduce system working hours • Increase condensing unit life time • Control module with protection sensor • Remote monitoring via mobile phone (optional)

• Medical engineering, Inspiration for hope (HD), and FVC employee branding (healthcare and aesthetics). -------------------------------------------------------------

• Strategy re-positioning in subsidiaries. • Medical standard competency.

B3

Medical Service

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Pneumatic Tube Carrier System

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Hemodialysis Center


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New Product Highlight Healthcare and aesthetics clinic under trademark “Wuttisak Clinic”

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Business Overview



Q & A

Content

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mailto:[email protected]

FILTER VISION PUBLIC COMPANY LIMITED · Reverse Osmosis System Automatic Regenerate Softener Filter...

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