GFPT Public Co. Ltd. · SET:GFPT

GFPT Public — Investor Presentation (March 2012)

25 slides from GFPT Public's investor presentation, March 2012

  1. Slide 1: Institutional Presentation

    Institutional Presentation March 2012

  2. Slide 2: Disclaimer

    Disclaimer 2 This presentation may include forward-looking statements representing expectations about future events or anticipated result based on factors such as economic scenario, market conditions and expected future events, over many of which the Company has no control. This material includes fo

  3. Slide 3: Agenda

    Agenda • Company Overview • Financial Performance • Industry Outlook

  4. Slide 4: Company Overview

    Company Overview

  5. Slide 5: Company Profile

    Company Profile 5 Symbol GFPT (member of SET100 & SETHD) Industry / Sector Agro & Food Industry / Agribusiness Corporate Governance (2010) Very Good [80 – 89 CG Report Score] Closed Price (30/09/2010) THB 8.75 per share (52 week High / Low: 12.10 / 7.30) Share Outstanding 1,253.82 million share @ 1

  6. Slide 6: Company Roadmap

    30 years Roadmap 6 Listed in the Stock Exchange Stock split from THB 10 to Initially established of Thailand THB 1 per share 1981 1992 2010 1990 1993 2008 99.99% in FKT (parent breeder farm) 49% of McKey New feed mill plant (KT2) @ Cholburi area 99.99% in MKS (broiler farm) (further processing plant

  7. Slide 7: Fully Integrated Chicken Production and GFPT Group Structure

    G F P T Fully Integrated Chicken Production 7 Grand Parent Parent Breeding Processing / Feed mill Broiler Farm Slaughter House Breeding Farm Farm Further Plant KT GP FKT MKS GFPT GFF Animal Feed / Breeder Day-old-Chick Broiler Day-old-Chick Broiler Cooked Chicken / Chicken Meat Product Sausage Aqua

  8. Slide 8: Fully Integrated Chicken Production

    Fully Integrated Chicken Production 9 10% 15% GP DOC (Import) GP FKT Corn Soybean Meal Soybean (Local) (Local) (Import) 95% 100% GFPT GFF Breeder DOC Broiler DOC 100% 2011 Farm expansion KT2 Chicken Meat Sausage 100% MKS Chicken Part Broiler Feed Cooked Product 2008 New Feed mill Utilization increas

  9. Slide 9: Financial Performance

    Financial Performance

  10. Slide 10: 2011 Financial Highlight

    2011 Financial Highlight 11 In million Baht 2010 2011 %Chg Revenue 12,472 14,214 14% COGS (10,457) (12,003) 15% Gross Profit 2,015 2,212 10% Profit after Associated 2,233 2,319 4% EBIT 1,380 1,444 5% Net Profit for GFPT 1,166 1,203 3% EPS * (THB/Share) 0.93 0.96 Profit Margin 16% 16% - Profit after

  11. Slide 11: 2011 Revenue Breakdown

    2011 Revenue Breakdown 12 Total Revenue 14,214 million THB Fish Feed Animal Feed 8% 15% Shrimp Feed Feed 12% 34% Processed Food 3% Business Product Segment Live Chicken Segment Farm 15% 18% Chicken Domestic 20% Food DOC 48% 3% Chicken Indirect Chicken Export Export 13% 11%

  12. Slide 12: Financial Highlights

    Financial Highlights 13 Consolidated Revenue (mn THB) Revenue by Quarter (mn THB) 16,000 4,500 2009 2010 2011 3,982 14,000 4,000 3,655 14,214 3,518 12,000 3,500 12,472 3,059 11,507 3,000 +10% 10,000 10,996 +20% 2,500 +17% 8,000 +8% 8,122 2,000 6,000 7,221 3,310 3,323 1,500 2,843 2,996 4,000 1,000 2,

  13. Slide 13: Financial Highlights

    Financial Highlights 14 EBIT (mm Bt) EBIT Margin (%) EBIT (mn Baht) 13% 500 13% 14% 1,600 14% 450 12% 11% 11% 12% 1,400 11% 11% 11% 12% 400 10% 10% 1,200 350 10% 10% 8% 300 1,000 8% 8% 6% 250 800 6% 5% 6% 200 600 150 4% 3% 4% 400 100 2% 2% 50 200 335 335 435 275 312 451 448 234 198 388 1,222 1,250 1

  14. Slide 14: Financial Highlights

    Financial Highlights 15 Debt to Equity Ratio (x) 10,000 4,500 140% 1.23 1,430 4,000 120% 9,000 1.04 3,500 0.98 1,256 100% 3,000 0.79 8,000 3,835 0.71 2,500 0.68 80% 3,284 2,654 2,000 60% 7,000 1,500 2,578 40% 1,000 6,000 20% 500 2,650 3,453 3,718 3,614 3,839 4,084 - 0% 5,000 2006 (A) 2007 (A) 2008 (

  15. Slide 15: Financial Highlights

    Financial Highlights 16 Return on Equity (%) Return on Asset (%) 28% 1,400 16% 7,000 30% 14% 13% 13% 14% 1,200 6,000 23% 25% 12% 22% 12% 20% 1,000 5,000 20% 10% 800 4,000 8% 15% 600 3,000 10% 6% 5% 10% 400 2,000 4% 4% 2% 5% 200 2% 1,000 112 282 1,076 1,068 1,166 1,203 2,553 2,797 3,781 4,552 5,377 5

  16. Slide 16: Animal Feed

    Animal Feed 17 Animal Feed Volume (MT) +18% yoy +1% qoq 600,000 14% 140,000 129,500 130,500 500,000 481,500 12% 120,000 112,600 111,000 114,000 107,700 420,400 100,800 10% 100,000 96,100 400,000 383,300 337,500 352,300 321,700 8% 80,000 300,000 6% 60,000 200,000 4% 40,000 100,000 2% 20,000 5% 5% 4%

  17. Slide 17: Fish Feed

    Fish Feed 18 Fish Feed Volume (MT) 60,000 57,000 15% 25,000 +8% yoy 51,800 51,800 52,900 (22%) qoq 50,000 10% 46,000 19,100 43,200 20,000 5% 16,600 40,000 14,900 15,000 13,800 0% 12,500 30,000 11,600 11,100 10,500 -5% 10,000 20,000 -10% 5,000 10,000 -15% (2%) (17%) 6% 13% 2% 8% - -20% - 2006 (A) 200

  18. Slide 18: Chicken Meat Business: Export Sales

    Chicken Meat Business: Export Sales 19 Export Volume (MT) 25,000 100% 20,900 21,200 6,000 5,900 80% 5,500 20,000 18,500 5,100 (46%) yoy 5,000 4,800 unch. qoq 60% 15,000 14,000 4,000 3,800 3,700 40% 3,300 3,300 10,200 3,000 20% 10,000 6,300 0% 2,000 5,000 -20% 1,000 11% 62% 81% 13% 1% (34%) - -40% -

  19. Slide 19: Chicken Meat Business

    Chicken Meat Business 20 Indirect Volume (MT) 25,000 15% (8%) yoy 6,000 (10%) qoq 20,100 20,300 10% 5,000 4,900 20,000 19,000 5,000 18,300 4,500 4,500 5% 16,200 16,300 4,200 4,100 4,000 0% 4,000 3,700 15,000 -5% 3,000 10,000 -10% 2,000 -15% 5,000 1,000 -20% 1% (5%) 7% (20%) 13% (11%) - -25% - 2006 (

  20. Slide 20: Industry Outlook

    Industry Outlook

  21. Slide 21: 37 Years of Thai Chicken Meat Export

    37 Years of Thai Chicken Meat Export 22 600,000 546,000 MT 500,000 Bird Flu 400,000 Shock 300,000 200,000 100,000 0 2012(f) 1973 1977 1982 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Thai Broiler Association

  22. Slide 22: 2011 Chicken Meat Export Forecast

    2011 Chicken Meat Export Forecast 23 Raw Cooked 2011 Export by Regions 2010 17,054 418,005 EU 43% Asia 2011 24,000 431,000 55% Other 2% 2012(f) 44,000 436,000 Asia Countries 201,000 MT EU Countries 202,000 MT Other Countries 52,000 MT NE 16% AFR 26% CAN SG 5% GM 7% 27% S.KR 5% IR 4% JP 82% Laos 3% F

  23. Slide 23: Major Commodity Price

    Major Commodity Price 24 Maize & Soybean Meal (Bt/Kg) 17 Maize Soybean Meal 18 16 16 14 14 14 13 13 15 14 14 14 14 14 14 12 11 10 13 10 8 10 9 9 10 10 10 6 8 9 9 9 9 7 9 6 4 6 5 2 Source: Market Data - 2004 2005 2006 2007 2008 2009 2010 2011 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Day-Old-Chick (Bt/

  24. Slide 24: Major Commodity Price

    Major Commodity Price 25 Live Broiler ex Factory (Bt/Kg) 60 52 48 50 45 44 43 41 41 40 38 38 39 40 37 33 33 28 30 26 20 10 Source: Market Data - 2004 2005 2006 2007 2008 2009 2010 2011 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 Cooked Chicken Price (USD/MT) 5,000 4,500 4,500 4,200 4,050 4,050 4,800 4,6

  25. Slide 25: IR Contact

    IR Contact 26 Contact Person: Ms. Jutamas Ingpochai Email: [email protected] Investor Relations Department GFPT Public Company Limited 312 Rama 2 Road Bangmod Jomthong Bangkok 10150 Thailand Phone: +66 2 473 8000 Fax: +66 2 473 8398 www.gfpt.co.th

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