Post on 17-Oct-2020
2018/19 EARNINGS PRESENTATION22 MAY 2019
DISCLAIMER
2018/19 FINANCIAL PERFORMANCE
2018/19 HIGHLIGHTS
FINANCIAL PERFORMANCE KEY OPERATION METRICS
Profitability55.7%
40.9%
21.4%
Offline Payment11.0
5.5
Logistics>200,000
Revenue+31.0%
Net Profit +30.1%
Office1801,358
Outdoor>2,00035
2018/19 OVERVIEW
THB (mn) 2017/18 2018/19 YoY (%)PROFIT AND LOSS STATEMENT
2018/19 REVENUE CONTRIBUTION
TRANSIT DIGITAL SERVICES
OFFICE & OTHEROUTDOOR
THB 5,158mn
KEY FACTORS•
•
•
•
REVENUE BY BUSINESS UNITS
TRANSIT MEDIA REVENUE (THB mn)
+0.8% YoY+4.1% YoY
OFFICE & OTHER MEDIA REVENUE (THB mn)
+22.4% YoY +6.9% YoY
REVENUE BY BUSINESS UNITS
OUTDOOR MEDIA REVENUE (THB mn)
DIGITAL SERVICES REVENUE (THB mn)
+246.8% YoY
12.6% YoY -20.0% YoY
+290.9% YoY
BALANCE SHEET & CASHFLOW
ASSETS BREAKDOWN (THB mn) LIABILITY & EQUITY BREAKDOWN (THB mn)
CAPEX (THB mn)
Current assets
IB Debt
D/E ratio
Equity
Non-current liabilities
Current liabilities
61.5%
17.2%21.3% 72.5%
7.1%
20.4%
22,687
9,632
Actual Target
2018/19 2018/19
Total VGI
Total
9,632
22,687
38.5%
61.5%
23.5%
76.5% Non-current assets
CASH FLOW (THB mn)
2019/20 VGI TARGETS AND CAPEX
REVENUE 6,000 - 6,200mn
EBITDA margin 40 – 45%
NPAT margin 20 - 25%
CAPEX700mn
KEY BUSINESS UPDATE
ACQUISITION OF 18.6% IN PLAN B MEDIA PUBLIC COMPANY LIMITED (PLANB)
TRANSACTION SUMMARY
% of investment
Total shares acquisition
Acquisition price
Total investment
Source of fund:
PRE SHAREHOLDING STRUCTURE
POST SHAREHOLDING STRUCTURE
RATIONALE
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MANAGEMENT AND CONTROL
•
•
ADVERTISING
100% Bangkok TakeoverBTS, Bus, Digital &Static Billboards, Buildings, Airports
POWERFUL CONSOLIDATED OOH NETWORK
70% Nationwide CoverageDigital & Static Billboards,Malls, Kerry Trucks, Airports
UNIQUE MARKETING ENGAGEMENT
Awareness
Engagement & Loyalty
Retail VGIRabbit partners
SPIPayment Logistics
FLEXIBLE TRANSACTION PLATFORMS
Rabbit Services Kerry Services Direct to Consumer Music Sport
DATA AND DATA MANAGEMENT PLATFORM
Retarget
Conversion
O2O SOLUTIONS
PARTNERSHIP WITH ANYMIND GROUP
TRANSACTION SUMMARY
RATIONALE AND SYNERGIES OF THE JOINT VENTURE
Step 1: Investment in AnyMind Group (“AnyMind”)
% of investment
Total investment
Step 2: Establish JVCo namely “VGI AnyMind Technology Co., Ltd.”
% of holding
Registered capital:
Source of fund:
•
•
•
SHAREHOLDING STRUCTURE
PARTNERSHIP WITH I-CLICK INTERACTIVE ASIA GROUP
TRANSACTION SUMMARY
Establish JVCo namely “V-Click Technology Company Limited”
% of holding
Registered capital:
Source of fund:
SHAREHOLDING STRUCTURE
RATIONALE AND SYNERGIES OF THE JOINT VENTURE
•
•
•
• China Solutions:
• O2O Solutions:
• Mobile Application:
POTENTIAL PARTNERS
BROADEN USER-BASE
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2016 – 2018 ACHIEVEMENTS
RABBIT LINEPAY
+83.0% YTD
RABBIT CARD
+23.2% YTD
NETWORK EXPANSION TO ACCOMMODATE THE RISE OF E-COMMERCE
125XKERRY PARCEL DELIVERED DAY
C2C70%
C2C65%
C2C50%
B2C26%
B2C30%
B2C40%
C2C67%
C2C50%
C2C50%
B2C31%
B2C40%40,000
75,000
500,000
1,200,000
8,000
KERRY PARCEL SHOP
KERRY TRUCK