20140603 lit
-
Upload
shaen-pd -
Category
Economy & Finance
-
view
137 -
download
1
description
Transcript of 20140603 lit
บรษท ลซ อท จ ำกด (มหำชน)
Opportunity Day : 3 June 2014
www.leaseit.co.th
Lease IT Public Company Limited
Section 1 Company Profile
Section 2 Products
Section 3 Portfolio
Section 4 Financial Highlights
Section 5 Business Trend
Content
Company Profile
Section 1
2006 2007
4
2010 2009
Founded to support
SVOA as its financial
arm providing
Leasing / Hire
Purchase and
Factoring services.
Increased
paid-up
capital from
Bt 60 mn to
Bt 100 mn
Expanded its
business to other
products apart
from SVOA.
Launched “Trade
Finance” service
Provided “Bid
Bond” service
2013
Offered “Project
Backup Financing”
service
Converted to Public
Company Limited.
2012
Milestone
Listed in MAI
First Trading Day
in 25 March 2014
2014
Milestone
5
Shareholders Structure
Top 10 Shareholders (As of 11 April, 2014)
1. SVOA Public Company Limited 47.00% 2. Mr. Prasit Kanchanasakchai 8.00% 3. Mr. Min Intanate 3.21% 4. Mr. Songphon Chatchawanpun 1.50%
5. Mr. Viwat Jitpreedakorn 0.88%
6. Mrs. Prakravee Changwicukarn 0.80%
7. Thai NVDR Company Limited 0.68%
8. Mr. Sutree Tatsananukunkit 0.60%
9. Mrs. Thitima Larkummoon 0.58% 10. Mr. Arnirut Proommee 0.51%
SVOA Plc. 47%
Mr.Prasit 8%
Shareholders >=1 Million
Shares 11%
Shareholders < 1 Million Shares
34%
Paid-up Capital : Bt 200 million
No. Shares : 200 million
Number of Shareholders SVOA Public Company Limited 1 MR..Prasit Kanchanasakchai 1 Shareholders >=1 Million Shares 13 Shareholders < 1 Million Shares 2,119
Total 2,134 Source : TSD
6
Managing Director
Audit Committee
Board of Directors
Assistant MD
Internal Audit
General Manager
Sales and Marketing Credit and Control Operation Accounting and Admin.
Organization Structure
7
Board of Directors
Mrs. Duangphorn Sucharittanuwat Chairman / Independent Director/ Chairman of Audit Committee
Mr. Thienchai Srivichit Vice Chairman
Mr. Sompon Aketerajit Director
Mr. Prakob Visitkitjakarn Independent Director / Audit Committee
Police General Jate Mongkolhutthi Independent Director / Audit Committee
Mr. Suthud Khancharoensuk Independent Director / Audit Committee
Board of Directors & Management Team
Mrs. Nijnirun Suwannakate Independent Director / Audit Committee
8
Management Team
Mr. Sompon Aketerajit Managing Director
Mrs. Rungnapa Ogas Assistant Managing Director
Mr. Teerawat Khummuang General Manager
Mr. Riththigrai Bunthoathook Assistant Manager – Sales and Marketing
Ms. Piyanan Mongkol Assistant Manager – Credit and Control
Ms. Cattaleeya Jongsawat Assistant Manager – Accounting and Admin.
Board of Directors & Management Team
9
เปนแหลงเงนทนทางเลอกนอกภาคสถาบนการเงน (Non Bank) ทสามารถสรางโอกาสใหแกผประกอบการขนาดกลางและขนาดยอม (SME)ใหสามารถเขาถงแหลงเงนทนในการประกอบธรกจ จนน าไปสการยกระดบความสมพนธระหวางกนในระดบคคา (True Financial Partner)
Corporate Mission
10
มงมนทจะเปนแหลงเงนทนแนวหนาทไมใชสถาบนการเงน (Non Bank) ทมการพฒนาผลตภณฑทางการเงนอยางตอเนอง ใหมความแตกตาง เพอตอบสนองความตองการ (Needs) ทหลากหลายของลกคา/คคา โดยเฉพาะอยางยงใหครอบคลมตลอดสายวงจรการท าธรกจ (Full range services) และตลอดสาย ประเภทผลตภณฑ (Full range product categories)
Corporate Vision
11
Products Section 2
Products
1. Leasing , Hire Purchase
2. Factoring
3. Trade Finance
4. Project Backup Financing
5. Bid Bond
13
From downstream to upstream
Factoring, Leasing, Hire purchase
Trade Finance, Project Backup Financing
Bid Bond
ประมลงาน
จดหาสนคาและบรการ ปฏบตงาน
สงมอบงาน
14
Leasing & Hire Purchase
Provide service to customer who having
Leasing / Hire Purchase contract with
government agency, state enterprise,
school or university.
Focus on computer & IT product which
is LIT’s expertise.
Be able to assign or control the payment
of the receivable
15
Factoring
Focus on receivables who are government,
state enterprise or large corporate
Be able to assign or control payment of
receivable
Product or service that the customer has to
deliver to its receivable must not be
complex or has condition that is hard to
control.
16
Trade Finance
Focus on customer who possesses capability
to operate its business and has a good track
record with LIT
Have capability to repay debt
Be able to assign or control the
payment of receivable
Products or services that customer has to
deliver to the receivables must not be complex
or have some conditions that is hard to control.
17
Project Backup Financing
Focus on customer who possesses capability to
operate its business and has a good track record
with LIT
Have capability to repay debt
Be able to assign or control the
payment of receivable
Products or services that customer
has to deliver to the receivables
must not be complex or have some
conditions that is hard to control.
18
Bid Bond
Focus on customer who has good track
record and possesses capability and expertise
for the bidding project.
Able to assign or control the payment of
receivable
Product or service that the customer has to
deliver to its receivable must not be complex
or has condition that is hard to control
Possess capability to work in that industry.
Be the project of government or state
enterprise
19
Portfolio Section 3
Total Finance & Outstanding
21
Total Finance by Product (2010 – Q1/2014)
22
Total Finance by Type of Business (2010 – Q1/2014)
23
Outstanding as of 31/3/2014
24
Financial Highlight Section 4
Financial Summary
Total Revenues Unit : MB
2011 2012 2013
MB MB MB
Interest Income 49.09 65.12 73.55
Fees and service income 8.14 14.36 18.43
Other income 12.41 14.12 12.67
Total Revenues 69.64 93.60 104.65
Selling expense (7.29) (7.88) (9.15)
Administrative expenses (13.56) (16.16) (24.58)
Provision (1.77) (2.34) (4.50)
Financial cost (21.55) (25.95) (26.31)
Income tax expenses (7.29) (9.41) (8.01)
Net Profit 18.18 31.86 32.10
Net Profit Margin 26.11% 34.04% 30.67%
69.64
93.60
104.65
18.18
31.86 32.10
-
20.00
40.00
60.00
80.00
100.00
120.00
2011 2012 2013 Total Revenues Net Profit
Financial Summary
19.57
24.13
27.44
6.21 7.27
9.10
-
5.00
10.00
15.00
20.00
25.00
30.00
Q1/2012 Q1/2013 Q1/2014
Total Revenues Net Profit
31.73% 30.13%
33.17%
Q1/2012 Q1/2013 Q1/2014
Net Profit Margin
Total Revenues Unit : MB Q1/2012 Q1/2013 Q1/2014
MB MB MB
Interest Income 13.66 17.29 18.03
Fees and service income 2.81 3.67 5.11
Other income 3.10 3.17 4.30
Total Revenues 19.57 24.13 27.44
Selling expense (2.70) (2.85) (1.82)
Administrative expenses (3.55) (5.57) (6.57)
Provision (0.45) (0.40) (1.04)
Financial cost (4.99) (6.20) (6.65)
Income tax expenses (1.67) (1.84) (2.26)
Net Profit 6.21 7.27 9.10 Net Profit Margin 31.73% 30.13% 33.17%
Total Revenues
Revenues Breakdown Revenues Breakdown by types of product
19.55
24.13
27.44
Unit : MB Unit : MB
19.55
24.13
27.44
13.66
17.29 18.03
2.81
3.67
5.11
1.09
0.75
0.95
2.01
2.43
3.35
-
5.00
10.00
15.00
20.00
25.00
30.00
Q1/2012 Q1/2013 Q1/2014
Interest Income Fees and service income
Margin Other income
7.50 8.07 8.52
6.23 6.33
6.39
2.53
6.35
7.77
1.09
0.75
0.95
2.01
2.43
3.35
0.20
0.20
0.46
-
5.00
10.00
15.00
20.00
25.00
30.00
Q1/2012 Q1/2013 Q1/2014
Leaseing&Hire Purchase Factoring
Project Backup Financing Trade Finance
Other Bid Bond
Balance Sheet
Assets have increased of Account receivable mainly due to a new product “ Product Backup Financing” launched in 2012
Unit : MB
608.84
685.54
704.02
560.00
580.00
600.00
620.00
640.00
660.00
680.00
700.00
720.00
2012 2013 Q1/2014
455.58
495.13
357.78
153.26
190.41
346.23
-
100.00
200.00
300.00
400.00
500.00
600.00
2012 2013 Q1/2014Liabilities Equities
Liabilities&Equities
Liabilities have increased consistently due to its extension in providing new services to customers.
Shareholders’ equity increased share capital of 16 million share in 2012 and 84 million share in Q1/2014
Unit : MB Assets
Asset Quality
-
100.00
200.00
300.00
400.00
500.00
600.00
700.00
2012 2013 Q1/2014
272.36 306.79 286.84
150.97 144.69 153.01
94.74 126.74 120.96
53.02
57.96 70.67
Leaseing&Hire Purchase Factoring
Project Backup Financing Trade Finance
Total Assets Account Receivables Unit : MB
Unit : MB
-
100.00
200.00
300.00
400.00
500.00
600.00
700.00
800.00
2012 2013 Q1/2014
567.77 638.72 631.48
41.07
46.82 72.68
Account Receivable Others
Accounts receivables accounted for 93.17% and 89.69% of total Assets in 2013 and Q1/2014 Accounts receivables from Leasing & Hire Purchase has the largest proportion of total account receivables which
were 48.03% and 45.42% in 2012 and Q1/2014
Age of Outstanding Account Receivables For Q1/2014
Asset Quality Ratio
Asset Quality
0.72
1.18
1.75 1.84
00.20.40.60.8
11.21.41.61.8
2
2011 2012 2013 Q1/2014
Allowance for Doubtful Account
Unit : MB
Unit :
Time
Undue, 580.44, 86%
< 1 Month, 23.91, 3%
2-3 months, 54.13, 8%
4-6 months, 13.72, 2%
7-12 months, 0.44, 0%
Over 12 months, 3.97, 1%
Financial Ratio
Interest rate spread increased to 9.25% in Q1/2014 mainly due to new product “Project Backup Financing” launching in 2012.
As a result, its net profit margin in 2013 and Q1/2014 increased to 30.67% and 33.17%, respectively with ROE at 18.64% and 13.57%. ROE in Q1/2014 decreased because the Initial Public Offering (IPO) increased 84 million share.
Profitability Ratio 2011 2012 2013 Q1/2014 Interest Rate (Interest income + Fees income) 15.32% 17.16% 16.57% 16.01% Interest expenses Rate (%) 8.54% 7.90% 6.71% 6.76% Interest Rate Spread (%) 6.78% 9.26% 9.86% 9.25% Net Profit Margin (%) 26.11% 34.04% 30.67% 33.17% ROE 14.52% 22.44% 18.64% 13.57% Efficiency Ratio : Return on Assets (%) 4.22% 5.93% 4.96% 5.24% Interest Income To Asset Ratio (%) 8.28% 9.96% 10.15% 9.49% Finacail Ratio : Dividend Payout Ratio (%) 60.00% 57.12% 62.31% n/a Debt to Equity Ratio (Times) 2.56 2.97 2.59 1.03
Business Trend
Section 5
Business Trend
DONE 2013
CORE PRODUCT FINANCING
Leasing & Hire Purchase 31,045,457.89 10% 300,000,000.00 138% 217,891,019.84
Factoring 333,944,592.08 22% 1,500,000,000.00 109% 1,381,014,727.84
PRODUCT INCOMES
Leasing & Hire Purchase 8,515,846.34 20% 41,710,000.00 120% 34,778,328.79
Factoring 6,388,503.98 21% 30,700,000.00 115% 26,758,853.63
Trade & Project Backup Finance 8,515,846.34 18% 47,600,000.00 142% 33,634,982.29
Bid Bond 461,419.77 9% 4,900,000.00 203% 2,412,508.73
Total 23,881,616.43 19% 124,910,000.00 128% 97,584,673.44
DONE TARGET 2014
Q&A
…Thank You…