Dynasty Ceramic Public Co. Ltd. · SET:DCC
Dynasty Ceramic Public — Q1 2014 Earnings Presentation
33 slides from Dynasty Ceramic Public's earnings presentation, May 2014
Slide 1: Investor Relation 1Q14
Investor Relation 1Q14 Together, We go
Slide 2: History
History Together, We go
Slide 3: Sales Report 2013
Sales Report 2013 Together, We go
Slide 4: Sales Volume
Sales Volume 2012 = 58,313 (1000sq.m) 2013 = 55,480 (1000sq.m) 6,000 5,847 5,728 JAN-MAR2014 = 14,947 (1000sq.m) 5,529 5,723 5,500 5,318 4,931 5,129 4,929 5,004 5,000 4,894 4,964 4,926 4,555 4,624 4,511 4,873 4,464 4,500 4,756 4,107 4,468 4,465 4,523 4,000 4,229 4,2234,347 3,942 3,500 3,732 3,000 Ja
Slide 5: Sales Value
Sales Value 2012 = 7,603 MB 783 2013 = 7,546 MB 771 800 JAN-MAR2014 = 2,039 MB 750 736 692 757 700 685 677 666 644 653 663 650 600 654 642 643 597 588 604 586 609 615 599 534 550 582 569 589 546 500 506 450 400 January February March April May June July August September October November December Tog
Slide 6: Outlet Quarterly Sales Performance by Region
Outlet Quarterly Sales Performance by Region 850 NE M E S N 750 690 717 689 650 622 625 582 567 559 550 512 481 455 468 483 448 450 432 424 429 420 432 397 400 418 404 398 373 383 387 338 346 322 350 324 406 398 424 334 350 322 293 295 291 310 388 295 281 329 288 271 227 344 257 248 250 210 274 249
Slide 7: Sales Comparison by Distribution Channel
Sales Comparison by Distribution Channel 1800 Outlet Agent Export Franchise 1606 1600 1373 1412 1354 1374 1404 1363 1400 1357 1244 1265 1183 1212 1204 1200 1040 1222 1304 980 1000 800 660 656 600 413 461 409 418 388 381 330 352 319 331 291 313 400 257 287 257 200 138 119 91 96 144 120 99 112 95 82 4
Slide 8: Analyzing Distribution Channels
Analyzing Distribution Channels 1Q2014 Export Agent By 3% Outlet Y2013 22% Agent Outlet Agent By Export By DCC 62% Outlet 2% 10% Agent 19% Franchise By DCC 3% 7% Y2012 Franchise Outlet 69% Agent ByExport 3% Outlet 3% Agent 22% By DCC Outlet 6% 64% Franchise 5% Together, We go
Slide 9: Sales Comparison by Product Type (Floor Tiles)
Sales Comparison by Product Type (Floor Tiles) 1,200 1,136 1,040 1,000 968 946 946 966 829 866 868 851 783 812 848 773 775 728 800 748 736 711 654 657 622 631 597 604 574 543 600 556 536 555 427 397 400 371 332 200 111 99 77 78 102 92 87 101 86 85 83 94 73 64 70 78 65 - 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11
Slide 10: Sales Comparison by Product Type (Wall Tiles)
Sales Comparison by Product Type (Wall Tiles) 300 251 250 223 223 209 203 208 191 192 200 180 183 177 181 173 169 154 150 136 148 100 80 68 63 53 53 50 39 42 41 39 45 43 42 45 34 30 31 38 51 50 50 21 39 37 47 43 12 11 8 8 10 10 12 8 11 - 3 9 12 16 13 10 11 11 11 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q
Slide 11: Analyzing Product Type
Analyzing Product Type Wall 8x12 Wall 8x8 Granito 1% 4% 0% Other 1Q2014 Floor 24x24(R) Floor 8x8 3% 2% 3% Floor 16 x 16 Hybrid (R) Wall 8x10 1% 7% Floor 16 x 16 Hybrid Floor 12x12 3% 42% Floor 16x16(R) 3% Floor 16x16 31% Together, We go
Slide 12: ASP (No VAT)
ASP (No VAT) 145.00 141.41 140.00 139.29 139.60 138.42 138.38 137.58 137.34 137.51 136.06 135.98 137.52 135.20 135.51 135.12 134.62 136.44 135.00 132.21 132.12 131.64 131.27 131.06 130.73 130.78 131.46 130.89 131.15 130.94 130.56 130.00 130.66 130.27 130.79 130.65 130.43 129.57 129.16 129.28 129.12
Slide 13: Import Ceramic Tile from China and Vietnam
Import Ceramic Tile from China and Vietnam Volume (M Sq.M) Value ('000 Baht) 50 8,000,000 46 45 7,000,000 6,700,837 40 36 6,000,000 35 5,279,204 5,000,000 30 25 4,000,000 3,874,000 20 3,000,000 15 12 12 1,999,308 2,005,132 2,000,000 10 1,413,101 6 1,022,898 1,000,000 5 2 0 0 389,713 0 0 Jan-Dec 2011
Slide 14: DCC vs Industry Average Sales Revenue & ASP
DCC vs Industry Average Sales Revenue & ASP Sales Revenue (‘000 Baht) ASP 8,000,000 7,602,747 7,546,225 150 7,206,759 148 7,000,000 145 144 6,000,000 141 140 5,000,000 136 135 4,000,000 3,692,731 3,678,556 3,376,234 130 130 3,000,000 129 125 2,000,000 1,000,000 120 - 115 2011 2012 2013 DCC - Sum of
Slide 15: Cost of Production
Cost of Production Together, We go
Slide 16: Cost of Production 2013
Cost of Production 2013 Cost of Production 1% 4% 4% 7% Gas 30% Chemicals 8% Body 7% Depreciation Power 3% Labour 20% Fixed 16% Maintenance Packaging Supplies Used Together, We go
Slide 17: Natural Gas Price History
Natural Gas Price History 500 BAHT / MMBTU 450 400 350 300 250 200 150 100 50 - ม.ค.-10 มี. ค.-10 พ.ค.-10 ก.ค.-10 ก.ย.-10 พ.ย.-10 ม.ค.-11 มี. ค.-11 พ.ค.-11 ก.ค.-11 ก.ย.-11 พ.ย.-11 ม.ค.-12 มี. ค.-12 พ.ค.-12 ก.ค.-12 ก.ย.-12 พ.ย.-12 ม.ค.-13 มี. ค.-13 พ.ค.-13 ก.ค.-13 ก.ย.-13 พ.ย.-13 ม.ค.-14 มี. ค.-14 To
Slide 18: Changes in Main Cost
Changes in Main Cost (Baht/sqm) 1Q14 1Q13 DIF(%) Body 12.65 12.56 0.72% Chemicals 15.63 16.79 -6.92% Natural Gas 24.18 23.17 4.34% Labor 6.42 6.03 6.58% Together, We go
Slide 19: Performance 2013
Performance 2013 Together, We go
Slide 20: Quarterly Performance
Quarterly Performance 1200 GROSS PROFIT NET PROFIT SALES VALUE 2500 2203 2093 2039 1000 1964 2021 1925 1865 1882 1851 2000 892 1704 1777 1696 852 823 17031638 828 1714 817 1621 806 800 1431 840 1490 1461 744 738 700 712 710 690 1392 769 1381 1500 659 665 646 600 615 601 632 660 1000 411 358 364 337
Slide 21: Net Profit and Earning Per Share
Net Profit and Earning Per Share 2012 = 1,265 MB,EPS = 3.10 B 2013 = 1,298 MB,EPS = 3.18 B JAN-MAR2014 = 355 MB,EPS = 0.87 B 154 133 129 137 128 134 114 125 107 105 94 106 106 106 115 115 95 98 102 102 96 93 98 94 75 89 67 January February March April May June July August September October November
Slide 22: Statement of Financial Position 2014 (Mb)
Statement of Financial Position 2014(Mb) FG AR Fixed Assets Total Assets 6000 5122 5140 5136 5217 5093 4905 4740 4989 4777 4818 4932 5018 4977 5121 5000 4810 4000 2762 2772 2791 2810 2840 2848 2849 2931 2929 2942 2943 2943 2958 3000 2722 2731 2000 1170 1294 1317 1336 1376 1326 1312 1282 1121 1063 11
Slide 23: Liabilities and Shareholders' Equity 2014 (Mb)
Liabilities and Shareholders’ Equity 2014(Mb) AP & Accrued Exp. Overdrafts/Loan Employee Benefit Obligations Shareholders'Equity 4000 3210 3500 3056 3137 2931 2864 2971 2836 2797 2616 2731 2761 3000 2595 2702 2597 2663 2500 2000 1500 1225 1187 1013 952 1100 1000 905 930 995 905 968 963 894 1000 772
Slide 24: DCC vs Industry Average Gross Profit & Net Profit
DCC vs Industry Average Gross Profit & Net Profit Profit ('000 Baht) Profit % 3,500,000 45 43 3,098,797 3,065,691 41 2,977,757 40 3,000,000 39 35 2,500,000 32 30 30 30 2,000,000 25 1,500,000 20 1,243,207 17 1,265,084 17 1,298,132 17 1,096,790 1,109,036 1,115,269 15 1,000,000 10 9 10 9 500,000 336,17
Slide 25: DCC vs Industry Average Selling & Administrative Expense
DCC vs Industry Average Selling & Administrative Expense Expense Baht per Sq.M Expense % per Sq.M 20 14% 19 19 18 18 12% 12% 12% 12% 16 10% 14 13 10% 14 10% 10% 13 13 9% 12 8% 7% 8% 10 10 10 10 9 6% 8 6% 6% 8 5% 6 4% 4 2% 2 - 0% 2011 2012 2013 DCC - Sum of Selling Expense DCC - Sum of Admin Expese I
Slide 26: 2014 Highlights
2014 Highlights Together, We go
Slide 27: Modern trades vs DCC
Modern trades vs DCC Modern Trades DCC • Tiles cover 5%-10% of the • Tiles cover 99% of the store store with 50-200 designs with over 600 designs • Up to 15 days of delivery • 95% same day delivery • Monthly inventory • Daily inventory management management • Cover city area • Cover all areas • Larg
Slide 28: Our Watch List
Our Watch List • Admin Cost • Allowance and Traveling Expense • Security Cost • Depreciation • Selling Cost • Advertisement and Promotion • Production Capacity Utilization • Higher Gross Margin with only 80% Capacity Utilization Rate in 2013 • Production Cost • Heat Exchanger • New Raw Material Toge
Slide 29: New Products
New Products • Digital 16x16 Tiles • Hybrid • Rectified • Large Size 24x24 • Rectified • Wall Tiles 8x12 • Introducing 12x24 Together, We go
Slide 30: New Outlets
New Outlets • 5 new Outlets • 14 Re-Location • Re-branding • 23 outlets in 2013 • 60 more in 2014 • 1 Expanding • AEC Ready • Improves wholesale Together, We go
Slide 31: Media
aos : Wed nO) SUI! Ol i | : +YOUR = — INSPIRATION s dynasty with _ #together. DYNASTY, DYNASTY, DYNASTY, DYNASTY,
Slide 32: New Market
New Market Together, We go
Slide 33: Together, We grow …Thank You…
Together, We grow …Thank You… Together, We go
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