SYNNEX (Thailand) Public Company Limited
Q2/15 Opportunity Day
14 September 2015
2014 : US$31+ Billion Global Distributors
Across 30 countries, 184 offices
SYNNEX APAC Group : Taiwan (HQ), HK, China, Australia, NZ, Thailand
Redington Group : India, Srilanka, Middle East, Africa, Turkey
SYNNEX USA Group : Canada, USA, Mexico
Operating History & Current Position....
Taiwan 1975 No.1
USA 1992 No.3
HK / China 1997 No.2
Australia 1998 No.2(New Zealand)
Thailand 1999 No.1
India 2005 No.2
Middle East/Africa 2005 No.1
Turkey 2010 No.2
• PC, NB, Tablet, Printer
Projectors
• Server and Storage
• Switch, Router, UC,
Video
• IPS, Next Gen. Firewall
and other Security
Appliance
• Volume License, CAD
Software, Security
Software
2015 Commercial Products Portfolio
• PC, NB, Tablet,
Smartphone
• CPU, Hard disk, Main
Board, Memory, VGA,
Monitor
• Printer, Scanner, TV,
Projector, Camera,
Flash Memory,
Accessories
• Toner, Ink cartridge and
other consumables
such as paper and
office supplies
2015 Consumer Products
Portfolio
ICT
Information and
Trends
Updated Q2 2015
Worldwide Devices Shipments by Device Type,
2014-2017 (Millions of Units)
Device Type 2014 2015 2016 2017
Traditional PCs (Desk-Based and Notebook) 277 251 243 233
Ultramobiles (Premium) 37 49 68 89
PC Market 314 300 311 322
Ultramobiles (Tablets and Clamshells) 226 214 228 244
Computing Devices Market 540 514 539 566
Mobile Phones 1,879 1,940 2,007 2,062
Total Devices Market 2,419 2,454 2,546 2,628
Note: The Ultramobile (Premium) category includes devices such as Microsoft's Windows 8
Intel x86 products and Apple's MacBook Air.
The Ultramobile (Tablets and Clamshells) category includes devices such as, iPad, iPad
mini, Samsung Galaxy Tab S 10.5, Nexus 7 and Acer Iconia Tab 8.
Ultramobiles — All Ultramobile Basic and Utility Devices.
Source: Gartner (July 2015)
Preliminary Worldwide PC Vendor Unit Shipment
Estimates for 2Q15 (Thousands of Units)
Company
2Q15
Shipments
2Q15 Market
Share (%)
2Q14
Shipments
2Q14 Market
Share (%)
2Q15-2Q14
Growth (%)
Lenovo 13,456.90 19.7 14,440.40 19.1 -6.8
HP 11,924.20 17.4 13,174.30 17.4 -9.5
Dell 9,587.90 14 10,082.10 13.3 -4.9
Asus 4,652.60 6.8 5,183.00 6.9 -10.2
Acer Group 4,558.00 6.7 5,710.60 7.6 -20.2
Others 24,220.70 35.4 26,978.40 35.7 -10.2
Total 68,400.30 100 75,568.80 100 -9.5
Notes: Data includes desk-based PCs, notebook PCs and ultramobile premium.All data is estimated based on a preliminary study. Final estimates will be subject to change. The statistics are based on shipments selling into channels.Numbers may not add up to totals shown because of rounding.Source: Gartner (July 2015)
Top Five Smartphone Vendors - Worldwide Shipments,
Market Share, and YOY Growth
Q2 2015 Preliminary Data (Units in Millions)
Vendor
2Q15 Shipment
Volumes
2Q15 Market
Share
2Q14 Shipment
Volumes
2Q14 Market
Share YOY Change
Samsung 73.2 21.70% 74.9 24.80% -2.30%
Apple 47.5 14.10% 35.2 11.70% 34.90%
Huawei 29.9 8.90% 20.2 6.70% 48.10%
Xiaomi 17.9 5.30% 13.8 4.60% 29.40%
*Lenovo 16.2 4.80% 15.8 5.20% 2.40%
Others 152.5 45.20% 142.2 47.10% 7.30%
Total 337.2 100.00% 302.1 100.00% 11.60%
Lenovo + Motorola 16.2 4.80% 24.3 8.00% -33.30%
Source: IDC Worldwide Quarterly Mobile Phone Tracker, July 23, 2015Data is preliminary and subject to change.Vendor shipments are branded device shipments and exclude OEM sales for all vendors.The "Vendor" represents the current parent company (or holding company) for all brands owned and operated as subsidiary.For year-over-year comparison, an extra line has been added below the quarterly and annual tables to show what Lenovo's growth would have looked like had its acquisition of Motorola been completed prior to the start of 4Q2014.
Worldwide: Server Vendor Shipments Estimates, 2Q15 (Units)
Source: Gartner Dataquest (August 2015)Additional information is available to subscribers of the Gartner Servers Quarterly Statistics Worldwide program.This program provides worldwide market size and share data by vendor revenue and unit shipments.Segments include: region, vendor, vendor brand, sub brand, CPU type, CPU group, Max CPU, platform, price band, operating systems and distribution channels.
Company 2Q15 Shipments 2Q15 Market
Share (%)
2Q14 Shipments 2Q14 Market
Share (%)
2Q15-2Q14
Growth (%)
HP 583,790 21.7 569,795 22.9 2.5
Dell 485,745 18 487,923 19.6 -0.4
Lenovo 222,206 8.3 77,774 3.1 185.7
Huawei 122,565 4.6 88,485 3.5 38.5
Cisco 82,473 3.1 79,270 3.2 4
Others 1,194,464 44.4 1,189,454 47.7 0.4
Total Market 2,691,244 100 2,492,702 100 8
2015 New Products
Windows 10 is familiar and easy to use, with lots of similarities to Windows 7 including the Start menu. It starts up and resumes fast, has more built-in security to help keep you safe, and is designed to work with software and hardware you already have.
Source: Microsoft.com
CPU: Hisilicon Kirin 930, 8-core 64bit, 2.0GHz
Display: 5.2’’ FHD Screen, 1080p (1920 x
1080), 424ppi 16M colors
Source: Huawei.com
CPU:Exynos 7420 Octa Core(Quad 2.1GHz+Quad 1.5GHz)
Screen:5.7” Super AMOLED (143.9mm)2560 x 1440 (Quad HD)
Camera:Rear : CMOS 16.0MP(F1.9)Front : CMOS 5.0MP(F1.9)
Source: Samsung.com
Source: intel.com
Intel Compute Stick
Use Your Television for More Than TV
Looking to bring computing to new places? The Intel®
Compute Stick is exactly what you’re looking for. It
transforms any HDMI* TV or monitor into a full
computer, allowing you to search the web, share your
vacation photos, keep up on your email or do any of
the tasks that you do on your computer today. All you
need is a wireless keyboard and mouse and you’re set.
H1Y2015 Review
H1Y2015-H1Y2014 Products Group Revenue
Grew 12.6% from 9,085M to 10,228M
+3.5%
+5.4%
+41.4%
YoY Highlight & Lowlight Products H1Y2015-H1Y2014
(Revenue Increase/Decrease)
• Smartphones grew 33.5%
• Flash Memory increased
11.5%
• Network Equipment with
strong increase, of 59%
• Server grew 106%
• Commercial NB & PC
increase 57.6%
• Consumer Notebook PC
continues to drop 16%
• Consumer Desktop PC
decreased 33%
• Tablet dropped
5.5%Desktop
• Hard Disk dropped 8.4%
Financial Highlights
4,680 4,789 5,0824,209 4,437 4,616 5,080 4,959 5,087 5,110
5.60%
4.89%4.51%
5.41%
4.13%3.81% 4.04%
4.59% 4.65%5.21%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
0
1,000
2,000
3,000
4,000
5,000
6,000
Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15
Revenue Gross Profit Margin
121 36 82
(18)
39 21 62 61 80 86
2.59%
0.75%
1.62%
-0.42%
0.87%
0.46%
1.21% 1.22%1.57% 1.69%
-1.00%
-0.50%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
(40)
(20)
0
20
40
60
80
100
120
140
Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15
Net Profit Net Profit Margin
Revenues
Net Profit and Net Profit Margin
Financial Performance
Financial Highlight
Q2/15 Q2/14 1H/15 1H/14
Sales 5,110.18 4,615.77 11% 10,197.66 9,052.29 13%
COGS (4,844.16) (4,439.71) 9% (9,695.02) (8,692.78) 12%
Gross profit 266.02 176.06 51% 502.64 359.51 40%
% GP 5.21% 3.81% 36% 4.93% 3.97% 24%
Other Incomes 17.13 6.70 156% 24.20 11.00 120%
Operating Expenses (177.90) (159.78) 11% (338.07) (323.12) 5%
% OPEX 3.48% 3.46% 1% 3.32% 3.57% -7%
EBIT 105.25 22.98 358% 188.76 47.39 298%
% EBIT 2.06% 0.50% 314% 1.85% 0.52% 254%
Finance Cost (8.73) (3.73) 134% (18.35) (9.08) 102%
EBT 96.52 19.25 401% 170.41 38.30 345%
Tax (22.08) (6.93) 219% (41.73) (15.35) 172%
Norm. Profit 74.44 12.32 504% 128.69 22.96 461%
Fx gain/(loss) 10.09 8.82 14% 32.92 36.69 -10%
Net Profit 84.53 21.14 300% 161.61 59.65 171%
% Net profit 1.65% 0.46% 261% 1.58% 0.66% 141%
Outstanding Shares 770.33 770.33 770.33 770.33
Profit (Loss) attributable to
Equity holders of the parent 60%86.35 166.15
% Profit (Loss) attributable to
Equity holders of the parent 60%1.69% 1.63%
Profit (Loss) attributable to non-
controlling interests 40%(1.82) (4.53)
Unit : MBQuarter YTD
%YOY%YOY
1.65 1.49
1.26
1.66 1.78
0.61 0.66
0.34
0.84 0.73
-
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2.00
2011 2012 2013 2014 1H2015
Liabilities to Equity IBD to Equity
4.40 4.90 4.70 5.65 6.08
2.802.90 2.60
3.523.891.60
2.00 2.10
2.132.19
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
2011 2012 2013 2014 1H2015
Asset Liabilities Equity
Well Balanced Capital Structure
Balance Sheet
THB BN
Debt to Capitalization
Cash Cycle (Days)
Times
3842
49 5054
2326
31 3035
2428 30
33 33
4044
4853 52
0
10
20
30
40
50
60
2011 2012 2013 2014 1H2015
- Average collection period - Average payment period
- Average age of inventory - Cash Cycle
Dividends and Share Information
Dividend Policy: Policy of paying a minimum of 40% of net profit after tax, after reserve required by laws and other reserves.
YearOperation
period
Payment
DateDividend (Per Share) EPS
Dividend Payout
Ratio
Cash Dividend 0.22
Stock Dividend 10:012012 Jan-Dec 2012 14/5/2013 0.53 60.38%
Note:
0.21
0.30
0.40
0.560.53
0.29
0.240.21
0.12
0.22 0.25
0.27
0.32
0.15 0.13
0.08
57%
73%
63%
48%
60%
52%54%
38%
0%
10%
20%
30%
40%
50%
60%
70%
80%
0.00
0.10
0.20
0.30
0.40
0.50
0.60
2008 2009 2010 2011 2012 2013 2014 1H2015
EPS DPS Dividend Payout
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