Advanced Information Technology Public Co., Ltd. · SET:AIT
Advanced Information Technology Public — Advanced Information Technology PCL — H1 2013 Earnings Presentation
28 slides from Advanced Information Technology Public's earnings presentation, Sep 10, 2013
Slide 1: Opportunity Day Presentation: 2Q13 & 1H13 Performance
Advanced Information Technology PCL Opportunity Day Presentation: 2Q13 & 1H13 Performance Disclaimer: The information contained in our presentation is intended solely for your personal reference only. In addition, such information contains projections and forward- looking statements that reflect our
Slide 2: Agenda
Agenda Company Overview Financial Highlights Development Update Appendix “Your Success is Our Success” 2
Slide 3: Company Overview
Agenda Company Overview Financial Highlights Development Update Appendix “Your Success is Our Success” 3
Slide 4: Business at Glance
Business at Glance AIT is a leading systems integrator and ICT solution provider in Thailand, supplying ICT products and applications with repair & maintenance services to private and public sectors. AIT specializes in bringing IT components and subsystems together to make its customers’ businesses
Slide 5: Our Businesses
Our Businesses 1 ICT Solution Service and Product Sales System integration and ICT solution services IT Security Data Center Design the solution the best Core Business suit the customers Network Score Integration of IT components Optimization Network – hardware and software Solution Services app
Slide 6: ICT Solution Services
ICT Solution Services Key Suppliers (Business Alliances) Application Hardware System Software Software Network Computer Microsoft Enterprise Resource Wireless Printer UNIX Planning (ERP) Data Center Scanner Databases Billing System Core networking Geographic Information Sec
Slide 7: Milestones Awards & Recognitions
Company Development 2013 Acquired 51% in Kirz Co., 2003 2012 Ltd., an internet and Listed on the Set up a JV operation telecommunication Stock Exchange of Milestones 2010 with Loxley Wireless services provider Thailand Co., Ltd. to drive IT Achieved a total 2006 revenues of over business services fo
Slide 8: Nationwide Support Centers
Nationwide Support Centers Headquartered in Bangkok, our nationwide support network in 7 locations allows us to deliver a standardized project support quality throughout the country as well as implement and maintain even the largest installations. Chiangmai Khon Kean Pitsanulok Nakorn Ratchasima Hea
Slide 9: Strong Clientele Base
Strong Clientele Base Revenues (Bt. Mil) Private and other state enterprises 4,835 4,579 4,188 3,877 33% 3,325 39% 45% 39% 61% 26% 2,279 30% 1,647 38% 24% 21% Fixed Line & Network Provider 35% 44% 14% 41% 18% 37% 34% Mobile & Wireless Provider 24% 23% 35% 38% 2006 2007 2008 2009 2010 2011 2012 CAT T
Slide 10: Financial Highlights
Agenda Company Overview Financial Highlights Development Update Appendix “Your Success is Our Success” 10
Slide 11: 5-Year Financial Highlights
5-Year Financial Highlights Total Revenue (Bt. Mil) 4,579 4,835 4,188 3,877 3,325 3,068 2008 2009 2010 2011 2012 1H'13 Total Revenue Net Profit (Bt. Mil) 9.7% 9.1% 8.8% 8.0% 8.3% 6.3% 438 381 367 310 297 209 2008 2009 2010 2011 2012 1H'13 Net profit Net profit margin “Your Success is Our Success” 11
Slide 12: Total Revenues by Customer
Total Revenues by Customer Annual Revenues (Bt. Mil) Quarterly Revenues (Bt. Mil) +75% YoY -0.3% QoQ 4,835 4,579 1,536 1,532 4,188 1,421 30% 3,068 % of Total Revenue 954 938 9% 877 25% 8% 61% 67% 2010 2011 2012 1H'13 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 TOT Private &TOT CAT other state enterprise Pri
Slide 13: Sales by Sources
Sales by Sources Annual Sales (Bt. Mil) Quarterly Sales (Bt. Mil) +78% YoY -1% QoQ 4,801 4,553 4,140 1,531 1,512 1,404 8% 1% 3,043 % of Sales Revenue 10% 953 932 2% 851 91% 88% 2010 2011 2012 1H'13 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 Project Rental Project Rental ServiceService “Your Success is Our
Slide 14: Gross Profit
Gross Profit Annual GP (Bt.mil) and GPM (%) Quarterly GP (Bt.mil) and GPM (%) +97% YoY -6% QoQ 25.0% 24.0% 23.0% 25.4% 23.7% 23.2% 23.3% 24.1% 21.0% 21.7% 1,149 388 364 956 953 327 752 226 216 185 2010 2011 2012 1H'13 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 Gross profit Gross profit margin “Your Success
Slide 15: Selling and Administrative Expenses
Selling and Administrative Expenses Annual SG&A (Bt.mil) Quarterly SG&A (Bt.mil) +65% YoY -8% QoQ 520 502 447 200 191 184 385 112 101 98 2010 2011 2012 1H'13 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 SG&A “Your Success is Our Success” 15
Slide 16: Net Profit
Net Profit Annual NP (Bt.mil) and NPM (%) Quarterly NP (Bt.mil) and NPM (%) +104% YoY 9.7% -0.7% QoQ 9.1% 8.8% 8.3% 9.6% 9.5% 9.6% 9.7% 439 8.3% 8.0% 382 367 148 149 297 114 92 89 73 2010 2011 2012 1H'13 1Q'12 2Q'12 3Q'12 4Q'12 1Q'13 2Q'13 Net profit Net profit margin “Your Success is Our Success” 1
Slide 17: Profitability Analysis
Profitability Analysis Return on Asset (%) Return on Equity (%) 17.6% 17.1% 38.5% 37.0% 33.8% 33.5% 13.9% 13.0% 11.4% 25.8% 2010 2011 2012 1Q13 2Q13 2010 2011 2012 1Q13 2Q13 “Your Success is Our Success” 17
Slide 18: Capital Structure
Capital Structure Interest -bearing debts Bt.507 mill Interest-bearing debt (Bt.mil) and gearing ratio (x) 0.51 Long-term 0.30 0.31 5% 0.00 0.05 818 Short-term 507 436 95% 0 75 2010 2011 2012 1Q13 2Q13 Interest bearing debt (Bt. Mil) Gearing ratio (x) Total debt (Bt.mil) and D/E ratio (x) 2.01 1.53
Slide 19: 2013 – 2014 Backlog
2013 – 2014 Backlog Revenues (Bt. Mil) 7,000 Secured Estimated 6,000 1,331 5,000 4,000 1,459 3,000 934 2,000 3,111 1,000 2,177 0 Total backlog Backlog expected to be Backlog expected to be Waiting for P/O Under bidding process realised in 2013 realised from 2014 onwards “Your Success is Our Success”
Slide 20: Stock Information and Dividends
Stock Information and Dividends Dividend policy is not less than 40% of normal net profit 78% 76% 75% 74% 68% 6.57 6.01 5.41 40% 5.18 5.00 4.50 4.34 4.00 3.52 3.50 2.75 1.75 2008 2009 2010 2011 2012 1H13 EPS (Bt./share) DPS (Bt./share) Dividend payout (%) Share information Par value: Bt. 5.00 Stock
Slide 21: Stock Performance
Stock Performance Index (Based year: Jan 08) Volume (‘000 shares) 800 AIT 10,000 700 8,000 600 500 6,000 400 SETICT 300 4,000 200 SET 2,000 100 0 0 Jan’08 Jun’08 Jan’09 Jun’09 Jan’10 Jun’10 Jan’11 Jun’11 Jan’12 Jun’12 Jan’13 Jun’13 P/E Ratio (times) P/BV Ratio (times) 12.75 3.36 10.44 3.03 2.65 2.54
Slide 22: Development Update
Agenda Company Overview Financial Highlights Development Update Appendix “Your Success is Our Success” 22
Slide 23: What We Believe
What We Believe 1 Extensive Customer Base 2 Stable Financial Performance Enlarge customer base to enhance Penetrate into non-project based ICT business stability business for stable revenue stream Retain existing customer base – Expand service base to diversify state and private enterprises Busi
Slide 24: The Acquisition of KIRZ
The Acquisition of KIRZ About Kirz Deal Information • Kirz was founded in 1995 and has been the • AIT acquired 51% of the total paid-up capital for Bt. forefront in providing internet based and 51,000,000 telecommunication services in Thailand • Share purchase agreement on 4 April 2013 • The company
Slide 25: Thank you
Thank you Advanced Information Technology Public Company Limited 37/2 Suthisarnvinijchai Road, Samsaennok, Huay Kwang, Bangkok, 10320 Tel: +662-275-9400 Fax: +662-275-9100 Website: www.ait.co.th For further information and enquiries, please contact our Investor Relations Department at: Sarin Chandra
Slide 26: Appendix
Agenda Company Overview Financial Highlights Development Update Appendix “Your Success is Our Success” 26
Slide 27: Statement of Comprehensive Income
Statement of Comprehensive Income % QoQ % YoY P&L Highlight (in Bt.mil) 2Q13 1Q13 2Q12 change change REVENUES Revenues from sales, services and rent 1,512.4 1,530.7 -1.2% 850.9 +77.7% Other incomes 19.7 4.9 +302.0% 25.9 -23.9% Total revenues 1,532.1 1,535.6 -0.2% 876.8 +74.7% COSTS Costs of sales an
Slide 28: Statement of Financial Position
Statement of Financial Position Balance Sheet (in Bt.mil) Jun 30, 2013 Dec 31, 2012 % change Assets Cash & cash equivalents 188 245 -23.3% Trade & account receivables 2,313 1,878 +23.2% Inventories (if any) 557 462 +20.6% Other current assets 883 844 +4.5% Total current assets 3,941 3,429 +14.9% Non
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