Forth Corp. Public Co. Ltd. · SET:FORTH
Forth Corp. Public — Forth Corporation Public Company — FY2023 Earnings Presentation
43 slides from Forth Corp. Public's earnings presentation, Mar 15, 2024
Slide 1: Y2023 Opportunity Day
FORTH CORPORATION PUBLIC COMPANY LIMITED “Technology Company” Y2023 Opportunity Day 15 Mar 2024
Slide 2: 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 3: Agenda
Agenda I. Business Overview and Highlight II. Financial Performance III. Business Outlooks 3
Slide 4: Company's Key Milestones
Company’s 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
Slide 5: Why is Our Company different from others?
Why is Our Company different from others? Our R&D Team Our Factories Our Products Factory 1 Factory 2 TAO BIN Manufacturing (TMC1&2) Research & Development Team The Electronics Manufacturing, arm of Forth Corporation, R&D department provides a wide range of telecom, provides full services of Electro
Slide 6: Company's Electronic Product Milestones
Company’s Electronic Product Milestones 2021 - Present 2017 2019 - 2020 2018 • TAOBIN Robotic Barista 2016 • GINKA EV 2015 2014 • TAOBIN Counter 2012 - 2013 2007 1989 - 2003 2006 2008 - 2011 2006 6
Slide 7: We Divide Our Business into 3 Groups
We Divide Our Business into 3 Groups EMS Business Manufacturing service under trademark of FORTH and customer brands as well as trading of electronic parts and devices Electronic Manufacturing Electronic Components Services Distribution Enterprise Solutions Business Project contracting, procurement,
Slide 8: EMS Business Groups
EMS Business Groups ENTERPRISE EMS BUSINESS SMART SERVICES GROUP SOLUTIONS BUSINESS BUSINESS GROUP GROUP Electronic Manufacturing Services Electronic Components Distribution We provide services to various types of products We supply electronic components and devices with good quality from world-clas
Slide 9: EMS Business Groups: Electronic Manufacturing Services
EMS Business Groups Highlight: Electronic Manufacturing Services WORLD OF MANUFACTURING TECHNOLOGY FOR INNOVATIVE SOCIETY Automotive device Telecommunication device Energy device Medical device EV Charger device Smart Vending Machine Other devices o Turnkey manufacturing Services The manufacturer wi
Slide 10: Enterprise Solutions Business Groups
Enterprise Solutions EMS BUSINESS GROUP ENTERPRISE SOLUTIONS BUSINESS GROUP SMART SERVICES BUSINESS GROUP Business Groups We provide Telecommunication Solution Services and Electronic equipment for the government, State enterprises and private organizations Traffic Light System and Automatic traffic
Slide 11: Enterprise Solutions: Backlog Projects
Enterprise Solutions Business Groups Highlight: Backlog Projects Unit: Million Baht Backlog Institute Value Provincial Electricity Authority 100% 0 (การไฟฟ้าส่วนภูมิภาค) Department of Probation (Phase II) 41% 59% 465 (กรมคุมประพฤติ) Metropolitan Electricity Authority 80% 20% 93 (การไฟฟ้านครหลวง) Dep
Slide 12: Smart Services Business Groups
ENTERPRISE Smart Services EMS BUSINESS SMART SERVICES GROUP SOLUTIONS BUSINESS BUSINESS GROUP GROUP Business Groups Payment System and Financial Services as well as EV Charge Point Providers Smart Vending Machine for Goods, Food and Beverage Providing financial transaction services through the “Boon
Slide 13: TAOBIN Robotic Barista
“TAOBIN” 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 atmosphere.” Robotic Mechanism Ice and Soda Making Management Co
Slide 14: Customizable the Blend for 200+ menus
Customizable the Blend for 200+ menus 14 14
Slide 15: Cleanliness and Safety
Cleanliness and Safety Use RO (Reverse Osmosis) drinking water to brew every cup TAO BIN cleans the mixing unit Whether packing, The RO water then will be passed after every cup we serve with a transporting or refiling, through a filter & UV sterilizer to ensure huge pressure boiling water our staff
Slide 16: Sales of Cups continued to grow
Sales of Cups continued to grow Million Cups Online machines 6,392 29.3% YoY machines 80 7,000 70 6,000 4,942 76 machines Million 60 Cups 5,000 66.8% YoY 50 4,000 40 46 3,000 30 Million Cups 2,000 20 546 machines 1,000 10 2 Million Cups 0 0 Total Sales 68 MB 1,510 MB 2,290 MB 51.7% YoY Year 2021 202
Slide 17: TAOBIN Café located at The Mall (Bangkapi)
TAOBIN Café located at The Mall (Bangkapi) – Pilot project 17
Slide 18: GINKA EV
GINKA EV Highlight: GINKA (Electric Vehicle Charger) • AC Charging for 7.2 KWh & 22 KWh • DC Charging for 120KWh & 40KWh (upcoming) • EV Car and Plug-in Hybrid Car Supported • No need to download any applications for registration • Payment system via QR Code, E-Wallet and GINKA Credit • Billing Syst
Slide 19: GINKA EV locations
ENTERPRISE EMS BUSINESS SMART SERVICES GROUP SOLUTIONS BUSINESS BUSINESS GROUP GROUP Nowadays, GINKA EVs locate in many locations เมเจอร์ ซินีเพล็กซ์ รัชโยธิน คอนโด แอสตร้า สกาย ริเวอร์ Ashcarya Boutique โรงพยาบาลเอกชัย Resort GINKA EV is going to be installed in Different Locations ❖ Department Sto
Slide 20: Agenda
Agenda I. Business Overview and Highlight II. Financial Performance III. Business Outlooks 20
Slide 21: Financial Performance: Core Revenue
Financial Performance Unit: Million Baht Core Revenue Core Revenue Contribution 1% YoY 9,491 9,431 8,513 34% 36% 40% 3,417 3,778 2,894 Overall Operating 20% 1,860 35% 23% Performance of FORTH 2,209 2,976 Y2023 Core Revenue, increasing 1% YoY, 44% 4,154 37% mainly due to increase in revenue form the
Slide 22: Financial Performance: Gross Profit
Financial Performance Unit: Million Baht Gross Profit & Gross Profit Margin Gross Profit Margin by Business Group 24% 24% 22% 2% YoY 2,290 2,255 1,876 951 28% 28% 1,046 25% 721 537 29% 698 24% 32% 716 Gross Profit Margin Y2023 Gross profit margin (GPM) was 24%, remain stable 802 YoY, due to GPM of E
Slide 23: Financial Performance: Net Profit
Financial Performance Unit: Million Baht Net Profit & Net Profit Margin 8% 8% 6% 26% YoY 755 722 573 Net Profit Y2023 Net profit, decreasing 26% YoY, due to an increase in SG&A and financial cost 2021 2022 2023 Net Profit Net Profit Margin 23
Slide 24: Financial Performance: Assets and Capital Structure
Financial Performance Unit: Million Baht Total Assets Capital Structure D/E D/E D/E 11,386 2.4 (x) 2.5 (x) 2.4 (x) 11,122 733 1,561 8,818 Total Assets Total assets decreased 2%, due to a decrease in 5,480 491 6,734 inventory, result of a decrease in orders from major 7,394 customer in EMS business 6
Slide 25: Agenda
Agenda I. Business Overview and Highlight Performance II. Financial Performance III. Business Outlooks 25
Slide 26: The three pillars
3 Business Groups of FORTH The three pillars 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 online machines • E
Slide 27: EMS Product types and Customers
ENTERPRISE EMS BUSINESS SMART SERVICES GROUP SOLUTIONS BUSINESS BUSINESS GROUP GROUP PCB Assembly Product types Customers • Automotive device • Inbound Customers • Oversea Customers • Telecommunication device • FORTH’s Affiliated Companies Box Build • Medical device • Energy device • EV Charger devi
Slide 28: Potential projects in 2024-2025
ENTERPRISE EMS BUSINESS SMART SERVICES GROUP SOLUTIONS BUSINESS BUSINESS GROUP GROUP Potential projects in 2024-2025 Total Project Value: Bt12,528mn Institution: Institution: Institution: Institution: Institution: Electric Authorities Ministry of Higher Education, Ministry of Transportation Ministry
Slide 29: Aircraft Distribution: Honda Jet and Kodiak
Aircraft Distribution Honda Jet : Authorized Distributor in Thailand Aircraft Distribution KODIAK : Authorized Distributor in Thailand 29
Slide 30: 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 30
Slide 31: 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 31
Slide 32: TAO BIN Robotic Barista
ENTERPRISE “TAO BIN” Robotic Barista EMS BUSINESS SMART SERVICES GROUP SOLUTIONS BUSINESS BUSINESS GROUP GROUP “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 d
Slide 33: TAOBIN Café
TAOBIN Café 33
Slide 34: GINKA expected to expand 2,000 EV charger points nationwide
GINKA expected to expand 2,000 EV charger points nationwide 34
Slide 35: GINKA EV Station with TAOBIN Café Plan
GINKA EV EV Station Station with with TAOBIN TAOBIN Café Café Plan 35
Slide 36: TAO BIN International
TAO BIN International
Slide 37: TAO BIN in Malaysia and Australia
TAO BIN in Malaysia and Australia 37 Credit: Tao Bin Malaysia ( IG: @mytaobin) and Flying Turtle (IG: @flyingturtleaustralia)
Slide 38: Next Step of TAOBIN Robotic Barista
Next Step of TAOBIN Robotic Barista 38
Slide 39: Q&A
Q&A 39
Slide 40: TAOBIN Activities
TAOBIN Activities Tao Bin emerges victorious, Securing The Ambassador Cup 2024 The Ambassador Cup 2024 is an annual international event, marking its 15th occurrence. Held from March 2 to 9, 2024, the tournament witnessed spirited participation by polo players from countries including Thailand, Franc
Slide 41: TAOBIN Activities Thailand Golf Clubs
TAOBIN Activities Thailand Golf Clubs Credit: IG of Athlete 41
Slide 42: TAOBIN Activities
TAO BIN tdadu vaavvoudul 4,817 du iWUWUNaIdYD LasMuwoASsoDAU (KWaweyin 42
Slide 43: 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
Forth Corporation Public Company — FY2023 Earnings Presentation on 6ix