Forth Corp. Public Co. Ltd. · SET:FORTH
Forth Corp. Public — Forth Corporation Public Company — Q3 2023 Earnings Presentation
42 slides from Forth Corp. Public's earnings presentation, Nov 30, 2023
Slide 1: 3Q2023 Opportunity Day
3Q2023 OPPORTUNITY DAY FORTH CORPORATION PUBLIC COMPANY LIMITED 30 Nov 2023
Slide 2: Agenda
Agenda I. Business Overview and Outlooks II. Financial Performance III. Q&A 2
Slide 3: About Us
About Us Forth Corporation Public Company Limited is a well-established technology company specializing in research and development, electronics manufacturing and distribution, information and communication technology, and financial services. Delivering quality through automation under the good corp
Slide 4: Our Key Milestones
Our Key Milestones The Company was converted to a Public Spun off Forth Smart Service Established Forth EMS Company Limited Forth EMS Company Limited Company limited, being listed on “SET” Company Limited to be listed on “mai” a subsidiary company, to conduct a was converted to a Public under the st
Slide 5: Our Product Milestones
Our Product Milestones • FORTH WDM access switch • BOONTERM 10“ touchscreen • EV Charger • BOONTERM Kiosk • Vending machine • Electronic Monitoring Device • BOONTERM (new version) 2008-2011 2013-2014 2017-2021 1989-2007 2011-2012 2015-2016 2021 – 2023 >> • Analog & Digital PBX • Smart IP phone • Onl
Slide 6: Our Research & Development
Our Research & Development 1 Research & Development Team R&D department provide wide range of telecom, electronics and product 5 Research 2 design from initial research, viability study, prototypes and final product. Final Product Prototype Design 4 3 Function Test Manufacturing 6
Slide 7: FORTH's 3 Business Groups
FORTH’s 3 Business Groups 1 EMS Business Group Manufacturing service under trademark of FORTH and customer brands as well as trading of electronic parts and devices 2 Enterprise Solutions Business Group Project contracting, procurement, and system installation for government and private sectors 3 Sm
Slide 8: FORTH's Business Groups (continue)
3 Business3Groups FORTH’s of FORTH Business Groups (continue) Enterprise Solutions Business • ICT, Telecommunication • System Integration Solution Services Services • Procurement Project 2 1 3 EMS Smart Services Business Business • PCBA and Box Build Manufacturing Services • Smart Service through on
Slide 9: FORTH's Business Groups: EMS
ENTERPRISE FORTH’s Business Groups EMS BUSINESS GROUP SOLUTIONS BUSINESS GROUP SMART SERVICES BUSINESS GROUP EMS Business Group Electronic Components Distribution Supplying products with good quality from world class manufacturers together with after-sell service support. Electronic Manufacturing Se
Slide 10: EMS Business Group: Electronic Components Distribution
EMS Business Group Electronic Components Distribution Trading electronic parts and devices as well as being a One-Stop Service for customers. It’s trusted by world class manufacturers as their authorized distributor, dealer and reseller in Thailand Electric Component/ Connectors & Sockets/ Power/ Ci
Slide 11: EMS Business Group: Electronic Manufacturing Services
EMS Business Group Electronic Manufacturing Services WORLD OF MANUFACTURING TECHNOLOGY FOR INNOVATIVE SOCIETY Factory 1 Factory 2 TAO BIN Manufacturing o Turnkey manufacturing Services o Consignment Manufacturing Services The manufacturer will handle the whole process The manufacturer receives the p
Slide 12: EMS Business Group: Factory 1
EMS Business Group Electronic Manufacturing Services <Factory 1>
Slide 13: EMS Business Group: Factory 2 and TAOBIN Manufacturing
EMS Business Group Electronic Manufacturing Services : <Factory 2 and TAOBIN Manufacturing & Distribution Center (TMC-1 & 2)> Page | 13
Slide 14: PCBA and Box-Build
PCBA and Box-Build • Automotive device • Telecommunication device • Medical device • EV Charger device • IoT device • Smart Vending Machine • Consumer products • Others
Slide 15: TAOBIN Manufacturing Future Phase
TAOBINmanufacturing Future (TMc) = zeeETPEZTTS. 75k Sqft | PHASE me |
Slide 16: FORTH's Business Groups: Enterprise Solutions
ENTERPRISE FORTH’s Business Groups EMS BUSINESS GROUP SOLUTIONS BUSINESS GROUP SMART SERVICES BUSINESS GROUP Enterprise Solutions Business Group Project contracting, procurement, and system installation for government, state enterprises and private sectors EM (Electronic Monitoring) GPS Tracking เคร
Slide 17: Enterprise Solutions: Electronic Devices and System Integration
Enterprise Solutions Business Group Electronic Devices and System Integretion EM (Electronic Monitoring) Traffic Light System and LED Lighting IP PBX (Private Branch Exchange) and Automatic traffic controller Related Devices MSAN Digital Electricity Meter GPS Tracking Nurse Call System (Multi Servic
Slide 18: Backlog Projects
Backlog Projects Unit: Million Baht Backlog Institute Value Provincial Electricity Authority 90% 10% 45 (การไฟฟ้าส่วนภูมิภาค) Department of Probation (Phase II) (กรมคุมประพฤติ) 33% 67% 525 Ministry of Higher Education, Science, Research and Innovation 100% 0 (กระทรวงการอุดมศึกษา วิทยาศาสตร์ วิจัยและ
Slide 19: Procurement Projects Plan in 2024-2025
Procurement Projects Plan in 2024 -2025 Institute Project Value (MB) Electricity Authority 10 4,856 (หน่วยงานการไฟฟ้า) Ministry of Higher Education, and Ministry of Interior 6 2,775 (หน่วยงานสังกัดกระทรวงมหาดไทยและกระทรวงอุดมศึกษา) Ministry of Transport 1 900 (หน่วยงานสังกัดกระทรวงคมนาคม) Ministry o
Slide 20: Aircrafts and MRO Services
Enterprise Solutions Business Group AIRCRAFTS and MRO Services Aircraft Distribution Honda Jet : Authorized Distributor in Thailand Aircraft Distribution KODIAK : Authorized Distributor in Thailand 20
Slide 21: FORTH MRO Service
FORTH MRO Service Maintenance Repair and Operations Service ➢ MROs is a maintenance service center for commercial aircraft ➢ Locate at Don Muang International Airport 21
Slide 22: FORTH MRO Service
FORTH MRO Service Maintenance Repair and Operations Service A one-stop aircraft repair and operation service center that offers scheduled maintenance, flight hour maintenance, and maintenance and repairing aircraft parts according to the manual of each aircraft model 22
Slide 23: FORTH's Business Groups: Smart Services
FORTH’s Business Groups EMS BUSINESS GROUP ENTERPRISE SOLUTIONS BUSINESS GROUP SMART SERVICES BUSINESS GROUP Smart Services Business Group Payment System and Financial Services as well as GINKA Charge Point providers (by FSMART) A service of automation for Food and Beverage under trademark of TAO BI
Slide 24: Smart Services: Financial Services and Food & Beverage
Smart Services Business Group Financial Services and Food & Beverage Business Payment System and Financial Services Smart Vending Machine for Goods, Food and Beverage as well as EV Charge Point Providers Selling fresh coffee and brewed drinks through “TAOBIN” Robotic Barista Providing financial tran
Slide 25: GINKA Charge Point
FORTH’s Business Groups ♣ Smart Services Business Group GINKA Charge Point with Different outstanding ❖ One EV Charger can serve two parking spaces. ❖ Enhanced efficiency with RFID system that will make it easier to use and safer. ❖ Easy to use with LCD touch screen. ❖ Enjoy the convenience of using
Slide 26: GINKA has started to operate in 3Q2023
GINKA has started to operate in 3Q2023 August September October November ❖ Department Store ❖ Condominium ❖ Hospital ❖ Golf Club 26
Slide 27: TAO BIN Robotic Barista
FORTH’s Business Groups Smart Services Business Group “TAO BIN” Robotic Barista “TAO BIN with 35+ Petty Patents is a contemporary, healthy and highly convenient Beverage machine, providing its customers with the high quality and consistent taste of Thailand's popular drink under a friendly atmospher
Slide 28: Customizable the Blend for over 200 menus
Customizable the Blend for over 200 menus 28
Slide 29: TAO BIN Able to Serve All Types of Non-alcohol Beverages
TAO BIN Able to Serve All Types of Non-alcohol Beverages 3Q2023 3Q2023 % Revenue by Segment Contribution Top 5 Sales & cups of Tao Bin Menus Bt mn Tea & Milk Tea Pepsi 81.20 13% coffee 23% Oreo Smoothie 30.42 Iced Cocoa 21.64 Energy Drink 4% Tao Power Soda Drink 19.14 Soda Healthy Iced Americano 17.
Slide 30: Sales of Drinks continued to grow
Sales of Drinks continued to grow 1000 25.00 900 20.20 35.9% YoY 19.56 800 18.59 20.00 Total Number of cups (mn) 17.33 3.3% QoQ 700 14.86 600 15.00 575 592 599 500 9.95 550 400 484 10.00 300 346 200 3.65 5.00 23.8% YoY 100 130 0 0.00 1.2% QoQ Total Sales (mn) 1Q22 2Q22 3Q22 4Q22 1Q23 2Q2023 3Q2023 6
Slide 31: TAO BIN's Performance and Expansion Plan
TAO BIN’s Performance and Expansion Plan No. of machine 25,000 35,000 45.0 40.0 30,000 20,000 599 35.0 25,000 592 30.0 15,000 575 20,000 25.0 550 6,567 484 6,142 20.0 15,000 10,000 346 5,537 130 15.0 10,000 4,942 5,000 50 3,572 10.0 14 3 2,138 5,000 1 5.0 1,058 1,000 546 - 0.0 1Q2021 2Q2021 3Q2021 4
Slide 32: TAO BIN in Malaysia
0 BIN EVERAGE in Malaysia soz ICRS> ‘SPOOONS HEVCO
Slide 33: TAO BIN in Australia
in Australia 3 nauililusiauussquiriag lu cbd wa isu 3:55PM Audaaagariia udu 33
Slide 34: TAO BIN Counter (coming soon)
TAO BIN Counter (coming soon)
Slide 35: .M TAOBIN “a
.M TAOBIN “a TAD BIN inne al TAOBIN <2 idoxueadlaWalos - | Gion:0 TAOBIN CAFE ; im ; ik
Slide 36: Agenda
Agenda I. Business Overview and Outlooks II. Financial Performance III. Q&A 36
Slide 37: Financial Performance: Core Revenue
Financial Performance Unit: Million Baht Core Revenue Core Revenue Contribution 11% YoY 2,651 2,363 908 34% 41% 965 Overall Operating 540 20% Performance of FORTH 29% 685 3Q2023 Core Revenue decreasing 11% YoY, 1,203 46% mainly due to the decrease of revenue form 713 30% the EMS business. 3Q2022 3Q2
Slide 38: Financial Performance: Gross Profit
Financial Performance Unit: Million Baht Gross Profit & Gross Profit Margin Gross Profit Margin by Business Group 25% 23% EMS Business Group 3Q2023 gross profit margin decreased from 25% to 18% YoY 16% due to the decrease in sales of the electronic manufacturing services while some production 667 ex
Slide 39: Financial Performance: Net Profit
Financial Performance Unit: Million Baht Net Profit & Net Profit Margin 9% 5% 48% YoY 235 122 Net Profit 3Q/2023 Net profit, decreasing 48% YoY, this was mainly due to the decrease in gross profit from the EMS Business Group. 3Q2022 3Q2023 Net Profit Net Profit Margin 39
Slide 40: Financial Performance: Total Assets and Capital Structure
Financial Performance Unit: Million Baht Total Assets Capital Structure Total Assets Total assets, increasing 2% when compared to D/E the total assets of 31 Dec 2022, from an increase D/E 11,664 2.6 times in the number of TAOBIN vending machines 11,386 2.5 times and 2 new factories. 733 1,233 Total
Slide 41: Agenda
Agenda I. Business Overview and Outlooks II. Financial Performance III. Q&A 41
Slide 42: Investor Relations
Investor InvestorRelations Relations www.investor.forth.co.th www.investor.forth.co.th Telephone: Telephone:02-265-6700 02-265-6700ext. ext.1224 1224 DISCLAIMER Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that
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