PCSGH
Opportunity DayQ2 FY2021 : 11 August 2021
Company Structure
Global Locations
Thailand
P.C.S. Machine Group
Holding PCL (Thailand)
Cunewalde, Germany
P.C.S. Precision Works
Germany GmbH. (PWG)
Hennef, Germany
P.C.S. Precision Works
Hennef GmbH. (PWH)
Tiszaújváros, Hungary
P.C.S. Precision Works Kft.
(PWK)
03
Country
PWG : Cunewalde
Germany
02Country
PWG : Hennef Germany
01
04
Country
PCSGH :Thailand
Country
PWK : Hungary
P.C.S. Machine Group Holding PCLNakorn-Rajchasima, Thailand (Factory 1)
General Profile
Focus
• Machining Cast and Forged
Parts (Steel/Iron)
Employees: 2,000
Area: 116,000 m²
Key Products
• Gears
• Common Rail
• Differential Case
Manufacturing
Capabilities
• Design & Simulation Center
• Metallurgy Lab
• Jig & Fixture Manufacturing
• Heat Treatment
Precision Machines
Turning Center
Machine Center
Grinding Machine
Gear Generator
Gear Honing
Heat Treatment
Robots
Others
250 Units
250 Units
88 Units
58 Units
7 Units
21 Units
84 Units
1,000+
Customers Products
P.C.S. Machine Group Holding PCLNakorn-Rajchasima, Thailand (Factory 2)
General Profile
Focus
• Aluminium Parts (0.1 kg-20 kg)
Area: 36,912 m²
Key Products
• Timing Gear Housing
• Front Cover Assembly
• Ladder Frame
Manufacturing
Capabilities
• Casting Design & Simulation
• Die Design & Manufacturing
• Casting Facility for Mold Trial
• Impregnation & Shot Blasting
• 3D & X-Ray Scanning
HPDC Machines
2,500 Ton
1,850 Ton
1,650 Ton
900 Ton
560 Ton
350 Ton
Machining Center
Robots
6 Units
1 Units
1 Units
7 Units
2 Units
8 Units
200 Units
91 Units
Customers Products
P.C.S. Machine Group Holding PCLNakorn-Rajchasima, Thailand (Factory 3)
General Profile Manufacturing
Customers Products
Focus
• Hot Forged Steel & Aluminium Parts (0.1kg-30kg)
Area: 28,240 m²
Key Products
• Common Rail
• Balancer Shaft
• Steering Knuckle
Capabilities
• Forging Design & Simulation
• Magna Flux Inspection
• Mold Design & Manufacturing
• Shot Blasting
Hot Forging Machines
6,000 Ton
4,000 Ton
2,500 Ton
1,600 Ton
1,000 Ton
700 Ton
Robots
1 Unit
1 Unit
2 Units
2 Units
1 Unit
1 Unit
10 Units
P.C.S. Precision Works Germany GmbH.Cunewalde, Germany.
General Profile Manufacturing
Customers Products
Focus
• Machining & Assembly ofCast and Forged Parts (Steel/Iron/Aluminium)
Employees: 220
Area: 9,000 m²
Key Products
• Transmission Housing
• Clutch Housing
• Turbo Components
Capabilities
• Automated Production Lines
• Integrated Measuring
Systems
• Heat Treatment
Precision Machines
Turning Center
Machining Center
Hardening Device
Deburring Device
Robots
Assembly Device
Cleaning Device
P.C.S. Precision Works Hennef GmbH.Hennef, Germany.
General Profile Manufacturing
Customers Products
Focus
• Machining Cast Parts (Steel/Iron/Aluminium)
Employees: 120
Area: Factory:
13,500 m²8,000 m²
Key Products
• Turbocharger
Turbine Housings
Capabilities
• 20 years experience in turbinehousing manufacturing in steeland cast iron (GJV/D5)
• 4- and 5-axis machining
• Production and assembly
• Measuring Systems
• Washing & Cleaning Systems
• Fixture Design & Manufacture
Manufacturing Systems
Machining Center
Turning Center
Robots
70 Units
20 Units
8 Units
P.C.S. Precision Works Kft.Tiszaújváros, Hungary
General Profile Manufacturing
Customers Products
Focus
• Machining Cast and Forged Parts (Steel/Iron/Aluminium)
Employees: 30
Area: 1,800 m²
Key Products
• Transmission Housings
• Clutch Housings
Precision Machines
Machining Center
Cleaning Device
CMM
9 Units
1 Unit
1 Unit
Thailand Car Production Statistic
Total Car Production By Quarter(1,000 Unit)
328 294 297 259 273
96
216277 288
243
223202 198
172 172
54
120
177 168
90
561504 507
441 454
152
356
465 466
379
0
200
400
600
800
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
One-Ton/PPV Passenger Other Total
622
369
532
424
226
258
1,066
606
845
0
200
400
600
800
1000
1200
H1-2019 H1-2020 H1-2021
Total Car Production (Jan-June)(1,000 Unit)
Thailand Domestic VolumeDomestic Car Sales By Quarter
(1,000 Unit)
133 126 111 12297
69108
13599 98
103 10499 93
78
41
69
86
60 52
264 260238 246
200
129
206
257
194179
0
200
400
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
One-Ton/PPV Passenger Other Total
258
166 197
207
120111
524
329
373
0
200
400
600
H1-2019 H1-2020 H1-2021
Total Domestic Car Sales (Jan-June)(1,000 Unit)
Thailand Export VolumeExport Volume By Quarter
(1,000 Unit)
300
260 261233
250
100
171
214
258
215
0
200
400
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
Export Volume
560
350
473
0
200
400
600
H1-2019 H1-2020 H1-2021
Export Volume (Jan-June)(1,000 Unit)
Financial Highlights
Description Q2-Y2021 Q1-Y2021 Q2-Y2020Changes
QoQ(%)
Sales Revenue 1,140.7 1,262.2 501.4 (9.6%)
- Local Business 852.1 937.1 235.2 (9.1%)
- Overseas Business 288.6 325.1 266.2 (11.2%)
Total Revenue 1,207.0 1,286.2 544.6 (6.2%)
Cost of Goods Sold
Ratio to Sales
894.1
78.4%
992.9
78.7%
586.4
117.0%(10.0%)
- Local Business
Ratio to Sales
621.9
73.0%
698.7
74.6%
298.1
126.8%
(11.0%)
- Overseas Business
Ratio to Sales
272.2
94.3%
294.2
90.5%
288.3
108.3%
(7.5%)
Gross Profit
Ratio to Sales
246.6
21.62%
269.3
21.3%
(85.0)
(17.0%)
(8.4%)
Financial Highlights
Description Q2-Y2021 Q1-Y2021 Q2-Y2020Changes
QoQ(%)
SG&A 118.9 124.5 101.8 (4.5%)
- Local Business 44.7 46.6 33.5 (4.0%)
- Overseas Business 74.2 77.9 68.3 (4.7%)
Net Profit 173.6 119.8 (155.9) 44.9%
- Local Business 181.8 175.3 (57.8) 3.7%
- Overseas Business (46.6) (24.0) (68.4) 94.3%
- Loss on sales of investment properties
0.0 (32.1) 0.0 0.0%
- FX Loss 38.5 0.6 (29.7) >100%
Sales Revenue 2021Sales Revenue by Quarter
(THB Million)
998 906 901766 814
235
576771
937 852
412439
383
390449
266
295
372319
289
1,4141,354
1,2841,155
1,263
501
871
1,1441,256
1,141
-100
100
300
500
700
900
1100
1300
1500
-200
300
800
1300
1800
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
Local Oversea Sale Revenue
Sales Revenue (Jan-Jun)
1903
1049
1789
865
701
614
2,768
1,750
2,403
0
500
1000
1500
2000
2500
3000
0
500
1000
1500
2000
2500
3000
H1-19 H1-20 H1-21
Local Oversea Sale Revenue
Gross Profit 2021Consolidated Income Statement
Gross Profit by Quarter
(THB Million)
211156 175 159 177
-62.8
130
239 238 230
1752
8
-26
7
-22
28
5630
16
228209
184
133
184
-85
158
295 269246
-100
-50
0
50
100
150
200
250
300
-200
-100
0
100
200
300
400
Q1-1
9
Q2-1
9
Q3-1
9
Q4-1
9
Q1-2
0
Q2-2
0
Q3-2
0
Q4-2
0
Q1-2
1
Q2-2
1
Local Oversea Consolidate
Gross Profit (Jan - June)
(THB Million)
367
114
469
69
-15
4743799
516
-200
-100
0
100
200
300
400
500
600
-100
0
100
200
300
400
500
600
H1-19 H1-20 H1-21
Local Oversea Conso
Sale and Administration exp. Ratio to Sales (%) by Quarter
Sale and Administration
8.0 8.110.2 10.9 10.3
19.9
11.79.9 9.9 10.4
0
2
4
6
8
10
12
14
16
18
20
0
20
40
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
Local Overseas Total
8.010.3 11.0
0
2
4
6
8
10
12
14
16
18
20
0
20
40
H1-19 H1-20 H1-21
Local Overseas Total
Sale and Administration exp. Ratio to Sales (%) Jan- June
ยอดขายลดลงท าให้อัตรา SG&A เพ่ิมขึ้น
EBITDA
287335
-35 -35
254
43
208 160
277
-38
279297 252
300
18%
3%
16%14%
22%
7%
30%26%
20%
26%
-60.00%
-50.00%
-40.00%
-30.00%
-20.00%
-10.00%
0.00%
10.00%
20.00%
30.00%
-100
0
100
200
300
400
500
600
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
Oversea Local Consolidate Ratio(%)
EBITDA by Quarters
Ratio to Sales (%)
EBITDA by Year
Ratio to Sales (%)
294 299
622
-59 -70
298 239
55211%
14%
23%
-40%
-30%
-20%
-10%
0%
10%
20%
30%
-100
0
100
200
300
400
500
600
700
800
900
1000
H1-19 H1-20 H1-21
Local Oversea
Net Profit Q2-2021Net Profit by Year
(THB Million)
Net Profit by Quarter
(THB Million)
117
-58
165 168 175220
-54
-24
-31-106
-61
-68
-31 -12 -23 -46
-202
64
-30
-32
99
-81
44
13
119
-156
134156
120
174
-200
-150
-100
-50
0
50
100
150
200
250
-400
-300
-200
-100
0
100
200
300
400
Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21
Local Overseas Extra Conso
96 59
395
-78-125 -101
-202
34
-32
18
-37
293
-100
-50
0
50
100
150
200
250
300
350
-300
-200
-100
0
100
200
300
400
500
600
700
800
H1-19 H1-20 H1-21
Local Oversea
Description Y2021 Y2020 Y2019
Sales of investment
properties (Loss)(32) - -
Foreign Exchange
Gain (Loss)- 34 -
Provisions for Bad
Debts- - (202)
Total (32) 34 (202)
Financial Ratios
Return on Equity (ROE) Return on Asset (ROA)
4.6%-0.7%
3.5% 1.1%
9.5%
-13.4%
11.5%13.2%9.8%15.3%
-20.0%
-10.0%
0.0%
10.0%
20.0%
Q1-1
9
Q2-1
9
Q3-1
9
Q4-1
9
Q1-2
0
Q2-2
0
Q3-2
0
Q4-2
0
Q1-2
1
Q2-2
1
Earning per Share (EPS)
0.15
-0.02-0.06
0.05 0.08
-0.102
0.088
0.28
0.08 0.114
-0.2
-0.1
0
0.1
0.2
0.3
Q1-1
9
Q2-1
9
Q3-1
9
Q4-1
9
Q1-2
0
Q2-2
0
Q3
-20
Q4-2
0
Q1-2
1
Q2-2
1
EPS
Debt/Equity Ratio (D/E)
4.0%-0.9%
3.1% 1.0%8.2%
-11.4%
9.8%11.2%8.3%
12.7%
-20.0%
-10.0%
0.0%
10.0%
20.0%
Q1-1
9
Q2-1
9
Q3-1
9
Q4-1
9
Q1-2
0
Q2-2
0
Q3-2
0
Q4-2
0
Q1-2
1
Q2-2
1
0.14 0.14 0.14 0.140.19 0.2 0.21 0.21 0.2 0.21
00.05
0.10.15
0.20.25
Q1-1
9
Q2-1
9
Q3-1
9
Q4-1
9
Q1-2
0
Q2-2
0
Q3-2
0
Q4-2
0
Q1-2
1
Q2-2
1
D/E
Balance Sheet & CF Statement
Cash Flow Statement Q2-2021
(THB Million)
Statement of Financial Position
Q2-2021 (THB Million)
Assets
5,629 Shareholders'equity4,639
Liabilities 989
Ratio Liabilities to Equity : 0.21 %
Cash Equivalents803
Cash on hand780
Operating441
Investing8 Financing
454
Cash on Hand and fixed deposit =1,675.5 MB.
(Factory Building & Car Park : 8 MWdc.)
4.206.70 6.80 6.80 6.27
3.07
4.00 4.02
1.88
17.4
27.8 28.3
44.4 42.2
20.4
-20
-10
0
10
20
30
40
0
2
4
6
8
10
12
2016/Q2 2017 2018 2019 2020 2021/Q2
Car Park Roof top Factory Building Roof top
Electricity Saving
(THB million)
Total Electric Power Production
4.95 Gw-h.
Y2021/Q2
Solar Energy Project
Electric Power Production and
Electricity Saving
(Gigawatt hours)
Reduction Greenhouse Gas
2,617.62 Ton-CO2.
Dividend Payments
Dividend Payments
(THB per Share)
0.37 0.40
0.24
0.36
0.200.30
0.250.15
71.77
97.7192.79
78.21
92.02
49.21
90.37
57.9
0
10
20
30
40
50
60
70
80
90
100
0.00
0.20
0.40
0.60
0.80
2014 2015 2016 2017 2018 2019 2020 2021/H1
DPS %
• Dividend Policy at a minimum rate of
50% of net profit after tax and legal
reserve
• Full legal reserve since 2020
• Dividend payment from the operating
result of the Company for 2021 (Interim
dividend) from 1 January 2021 to 30
June 2021 at rate of THB 0.15 per share
• Dividend Record date on 24 Aug 2021
• Dividend will be paid on 6 Sep 2021
Corporate Measures Against COVID-19 Outbreak
• Since March 2020, The Company has introduced and conducted extensive measures to prevent COVID-19 outbreak within the facilities in order to prevent the interruption of production line.
• Up until now, there is not major internal outbreak.• Outbreak prevention measures include the following activities:
Intensive Quarantine Procedures.
Social Distancing
Establishment Contact CDDU
Emergency Plan Enforcement
and Preparation of FAI
Vaccination
Supports to Public Health Administration