Halcyon Technology PLC. · (M) Sdn. Bhd. (HY) since 2013 HTECH holds 60% Halcyon Technology...
Transcript of Halcyon Technology PLC. · (M) Sdn. Bhd. (HY) since 2013 HTECH holds 60% Halcyon Technology...
Halcyon Technology PLC.“HTECH”
2016 Year-End
Mar’17
Skip to Performance
Halcyon Timeline
1993 2002 2005 2008
HM established for manufacturing of metal fabricated products – jigs & fixtures, etc.
HT established for new segment of PCD cutting tools
Came out with PCD hollow tools –changed the HDD world
HT went public; IPO under symbol “HTECH”
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Halcyon Timeline
2010 2012
2nd factory established in Philippines (HP)
FDM acquired – reinforce standard tool segment
HI (Indonesia) established through FDM
2013 2014 2016
HV established with offices in HCMC & Hanoi
HS & HY established as distributing offices
HTECH invests in new factory & machines
Heng (new subsidiary in Rayong)
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Halcyon Technology (Philippines) Inc. (HP)
since 2010HTECH holds 65%
ATEK Precision Tools(ATEK)
since 2011HP holds 100%
Halcyon Technology(M) Sdn. Bhd. (HY)
since 2013HTECH holds 60%
Halcyon Technology(Singapore) Pte. Ltd. (HS)
since 2013HTECH holds 70%
PT HTECH Tools Indonesia (HI)
since 2012FDM holds 60%
Halcyon Technology Public Co., Ltd.
(HTECH)since 2002
Halcyon Metal Co., Ltd.(HM)
since 1993HTECH holds 100%
FDM Technology Co., Ltd.(FDM)
since 2002HTECH holds 60% (2012)
Halcyon Tools and Engineering Co., Ltd.
(Heng) since 2016FDM holds 90%
Halcyon TechnologyVietnam Co., Ltd. (HV)
since 2014HTECH holds 85%
Halcyon in ASEAN Market
ManufactureDistributorIn Process
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Halcyon Group Performance
245
367
420
535576
701724
826
-
100
200
300
400
500
600
700
800
900
1,000
2009 2010 2011 2012 2013 2014 2015 2016
TH
B M
illi
on
HT Subsidiaries
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Halcyon Products
Cutting Tool Types
MonocrystalApplications: super-finishing and critical applications
Materials: brass, copper, aluminum, acrylic
Industry: Lens, Jewelry, Watch, Automotive
PCBNApplications: cutting super-hard materials
Materials: cast iron, hardened mat. (>50 HRc), sintered mat.
Industry: Automotive, machinery parts
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Carbide
Applications: General purpose cutting
Materials: Steel, aluminum, plastic, wood, etc.
Industry: Used in most industries
Applications: cutting non-ferrous materials
Materials: aluminum, brass, copper, abrasive materials, wood, acrylic, etc.
Industry: HDD, Aerospace, Automotive, medical, jewelry, etc.
PCD
Veined PCD Endmills
(V-Tec)
Features: Veined PCD cutting edge reduces cycle time and extends tool life
High-end Products (Version 2015)
Applications: suitable for composite materials such as CFRP used in Aerospace industry and other vehicles
Solid-headed PCD Tools
(S-Tec)
Features: Solid PCD tip allows for more flexible helix angle, better chip evacuation, and longer tool life; can be regrinded multiple times
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High-end Products (Version 2016)
Helix PCD Tools
(H-Tec)
Target Industries: HDD, Automotive, Lens, etc.
Features:
• Tested by customers and proven better tool life, better finishing, reducing cycle time by 35-50%
• Market Leader in SE Asia
• Can reduce more cost than normal Solid PCD tools
• More flexibilities in designs
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2016 Performance & Financial Highlights
Consolidated HTECH Group Performance
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Consolidated Performance (Q)
-
50
100
150
200
250
Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15 Q3'15 Q4'15 Q1'16 Q2'16 Q3'16 Q4'16
HT HM HC FDM HENG HP HS HYK HI HV Gross Profit Net Profit*
* Net Profit of HTECH
shareholders only
** Conso. Total Revenue
11
724
826 (+14%)
34%
39%
9%
14%
-
100
200
300
400
500
600
700
800
900
2012 2013 2014 2015 2016
HT HM HC FDM Heng HP HS HY HI HV Gross Profit Net Profit*
Consolidated Performance (Y)* Net Profit of HTECH
shareholders only
** Conso. Total Revenue
FD
M a
cq
uire
d &
H
C c
lose
d
HS&
HY
HI&
HV Heng &
new factory
12
301
353(+8%)
84
131
45
85
-
50
100
150
200
250
300
350
400
2012 2013 2014 2015 2016
TH
B M
illi
on
Dividend
Net Profit(exc. dividend)
Gross Profit
Sales
HT Performance
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2015
THB 724.33 mill.
Revenue Breakdown
2014
THB 701.00 mill.
Overseas43%
Thailand57%
Overseas44%
Thailand56%
2016
THB 826.20 mill.
Overseas44%
Thailand56%
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HT – Sales by Sector
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2011 2012 2013 2014 2015 2016
72% 69% 66%56% 52% 54%
23%
31%28% 27%
20% 27%
4% 9%16% 16%
8% 4% 7% 5% 3% 3%
Trading
Other
Auto
HDD
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Financial Highlights
Consolidated as of 31/12/16
Capital Structure
-
200
400
600
800
1,000
1,200
1,400
2013 2014 2015 2016
913 966
1,023
1,277
258 258 259 253
590 633
764
1,023
TH
B m
illi
on
Assets Liabilities Shareholder's Equity
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Debt to Equity Ratio
144 143 141
950.44
0.37
0.34
0.28
0.2
0.25
0.3
0.35
0.4
0.45
0.5
0.55
0.6
0
20
40
60
80
100
120
140
160
2013 2014 2015 2016
D/E
Ra
tio
(ti
me
s)
TH
B M
illi
on
Interest-bearing Debt D/E Ratio
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Current Ratio
0.00
0.50
1.00
1.50
2.00
2.50
3.00
2013 2014 2015 2016
1.741.88
2.12
2.87
Tim
es
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Profitability
195
242249
322
50
68 63
118
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
0
50
100
150
200
250
300
350
2013 2014 2015 2016
% M
arg
in
TH
B m
illi
on
Gross Profit Net Profit (HTECH's shareholders) Gross Margin Net Margin
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Dividend Payouts
HTECH Dividend Policy: payout no less than 40% of net margin
Performance Period Payout DateDividend per Share (THB)
Jan. – June 2014 9/9/14 0.045
July – Dec. 2014 8/5/14 0.065
Jan. – June 2015 9/9/15 0.045
July – Dec. 2015 10/5/16 0.055
Jan. – June 2016 9/9/16 0.065
July – Dec. 2016 23/5/17 0.11*
* Subject to AGM approval on April 25, 2017
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New Factory Buildings
HT New Factory Building
• 3-storey factory on site adjacent to current building
• Expected Finish Date: 31/05/17 Q3’17
• Full production expected by Q4’17
• Focus on production of high-end products
• Increase capacity by 10-15% from 2016
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HV New Factory Building
• Located in Hanoi
• 2-storey warehouse – HV rents 1st floor
• Started renovation in Q1’17
• Production expected by Q2’17
• Main customers in automotive industry
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Thank You
Q&A Session
Contact Us
Tel: +66(0)2 906 3242-50 / Fax: +66(0)2 906 3251
e-mail: [email protected]
HALCYON HEAD OFFICE
41 Moo 14 Bangchan Industrial Est. Soi 6, Serithai 58, Minburi, Bangkok 10510
GPS Coordinates: 13.799211,100.707114
www.halcyon.co.th