PCSGH

Opportunity DayQ2 FY2021 : 11 August 2021

Company Structure

Global Locations

Thailand

P.C.S. Machine Group

Holding PCL (Thailand)

Cunewalde, Germany

P.C.S. Precision Works

Germany GmbH. (PWG)

Hennef, Germany

P.C.S. Precision Works

Hennef GmbH. (PWH)

Tiszaújváros, Hungary

P.C.S. Precision Works Kft.

(PWK)

03

Country

PWG : Cunewalde

Germany

02Country

PWG : Hennef Germany

01

04

Country

PCSGH :Thailand

Country

PWK : Hungary

P.C.S. Machine Group Holding PCLNakorn-Rajchasima, Thailand (Factory 1)

General Profile

Focus

• Machining Cast and Forged

Parts (Steel/Iron)

Employees: 2,000

Area: 116,000 m²

Key Products

• Gears

• Common Rail

• Differential Case

Manufacturing

Capabilities

• Design & Simulation Center

• Metallurgy Lab

• Jig & Fixture Manufacturing

• Heat Treatment

Precision Machines

Turning Center

Machine Center

Grinding Machine

Gear Generator

Gear Honing

Heat Treatment

Robots

Others

250 Units

250 Units

88 Units

58 Units

7 Units

21 Units

84 Units

1,000+

Customers Products

P.C.S. Machine Group Holding PCLNakorn-Rajchasima, Thailand (Factory 2)

General Profile

Focus

• Aluminium Parts (0.1 kg-20 kg)

Area: 36,912 m²

Key Products

• Timing Gear Housing

• Front Cover Assembly

• Ladder Frame

Manufacturing

Capabilities

• Casting Design & Simulation

• Die Design & Manufacturing

• Casting Facility for Mold Trial

• Impregnation & Shot Blasting

• 3D & X-Ray Scanning

HPDC Machines

2,500 Ton

1,850 Ton

1,650 Ton

900 Ton

560 Ton

350 Ton

Machining Center

Robots

6 Units

1 Units

1 Units

7 Units

2 Units

8 Units

200 Units

91 Units

Customers Products

P.C.S. Machine Group Holding PCLNakorn-Rajchasima, Thailand (Factory 3)

General Profile Manufacturing

Customers Products

Focus

• Hot Forged Steel & Aluminium Parts (0.1kg-30kg)

Area: 28,240 m²

Key Products

• Common Rail

• Balancer Shaft

• Steering Knuckle

Capabilities

• Forging Design & Simulation

• Magna Flux Inspection

• Mold Design & Manufacturing

• Shot Blasting

Hot Forging Machines

6,000 Ton

4,000 Ton

2,500 Ton

1,600 Ton

1,000 Ton

700 Ton

Robots

1 Unit

1 Unit

2 Units

2 Units

1 Unit

1 Unit

10 Units

P.C.S. Precision Works Germany GmbH.Cunewalde, Germany.

General Profile Manufacturing

Customers Products

Focus

• Machining & Assembly ofCast and Forged Parts (Steel/Iron/Aluminium)

Employees: 220

Area: 9,000 m²

Key Products

• Transmission Housing

• Clutch Housing

• Turbo Components

Capabilities

• Automated Production Lines

• Integrated Measuring

Systems

• Heat Treatment

Precision Machines

Turning Center

Machining Center

Hardening Device

Deburring Device

Robots

Assembly Device

Cleaning Device

P.C.S. Precision Works Hennef GmbH.Hennef, Germany.

General Profile Manufacturing

Customers Products

Focus

• Machining Cast Parts (Steel/Iron/Aluminium)

Employees: 120

Area: Factory:

13,500 m²8,000 m²

Key Products

• Turbocharger

Turbine Housings

Capabilities

• 20 years experience in turbinehousing manufacturing in steeland cast iron (GJV/D5)

• 4- and 5-axis machining

• Production and assembly

• Measuring Systems

• Washing & Cleaning Systems

• Fixture Design & Manufacture

Manufacturing Systems

Machining Center

Turning Center

Robots

70 Units

20 Units

8 Units

P.C.S. Precision Works Kft.Tiszaújváros, Hungary

General Profile Manufacturing

Customers Products

Focus

• Machining Cast and Forged Parts (Steel/Iron/Aluminium)

Employees: 30

Area: 1,800 m²

Key Products

• Transmission Housings

• Clutch Housings

Precision Machines

Machining Center

Cleaning Device

CMM

9 Units

1 Unit

1 Unit

Thailand Car Production Statistic

Total Car Production By Quarter(1,000 Unit)

328 294 297 259 273

96

216277 288

243

223202 198

172 172

54

120

177 168

90

561504 507

441 454

152

356

465 466

379

0

200

400

600

800

Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

One-Ton/PPV Passenger Other Total

622

369

532

424

226

258

1,066

606

845

0

200

400

600

800

1000

1200

H1-2019 H1-2020 H1-2021

Total Car Production (Jan-June)(1,000 Unit)

Thailand Domestic VolumeDomestic Car Sales By Quarter

(1,000 Unit)

133 126 111 12297

69108

13599 98

103 10499 93

78

41

69

86

60 52

264 260238 246

200

129

206

257

194179

0

200

400

Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

One-Ton/PPV Passenger Other Total

258

166 197

207

120111

524

329

373

0

200

400

600

H1-2019 H1-2020 H1-2021

Total Domestic Car Sales (Jan-June)(1,000 Unit)

Thailand Export VolumeExport Volume By Quarter

(1,000 Unit)

300

260 261233

250

100

171

214

258

215

0

200

400

Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Export Volume

560

350

473

0

200

400

600

H1-2019 H1-2020 H1-2021

Export Volume (Jan-June)(1,000 Unit)

Financial Highlights

Description Q2-Y2021 Q1-Y2021 Q2-Y2020Changes

QoQ(%)

Sales Revenue 1,140.7 1,262.2 501.4 (9.6%)

- Local Business 852.1 937.1 235.2 (9.1%)

- Overseas Business 288.6 325.1 266.2 (11.2%)

Total Revenue 1,207.0 1,286.2 544.6 (6.2%)

Cost of Goods Sold

Ratio to Sales

894.1

78.4%

992.9

78.7%

586.4

117.0%(10.0%)

- Local Business

Ratio to Sales

621.9

73.0%

698.7

74.6%

298.1

126.8%

(11.0%)

- Overseas Business

Ratio to Sales

272.2

94.3%

294.2

90.5%

288.3

108.3%

(7.5%)

Gross Profit

Ratio to Sales

246.6

21.62%

269.3

21.3%

(85.0)

(17.0%)

(8.4%)

Financial Highlights

Description Q2-Y2021 Q1-Y2021 Q2-Y2020Changes

QoQ(%)

SG&A 118.9 124.5 101.8 (4.5%)

- Local Business 44.7 46.6 33.5 (4.0%)

- Overseas Business 74.2 77.9 68.3 (4.7%)

Net Profit 173.6 119.8 (155.9) 44.9%

- Local Business 181.8 175.3 (57.8) 3.7%

- Overseas Business (46.6) (24.0) (68.4) 94.3%

- Loss on sales of investment properties

0.0 (32.1) 0.0 0.0%

- FX Loss 38.5 0.6 (29.7) >100%

Sales Revenue 2021Sales Revenue by Quarter

(THB Million)

998 906 901766 814

235

576771

937 852

412439

383

390449

266

295

372319

289

1,4141,354

1,2841,155

1,263

501

871

1,1441,256

1,141

-100

100

300

500

700

900

1100

1300

1500

-200

300

800

1300

1800

Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Local Oversea Sale Revenue

Sales Revenue (Jan-Jun)

1903

1049

1789

865

701

614

2,768

1,750

2,403

0

500

1000

1500

2000

2500

3000

0

500

1000

1500

2000

2500

3000

H1-19 H1-20 H1-21

Local Oversea Sale Revenue

Gross Profit 2021Consolidated Income Statement

Gross Profit by Quarter

(THB Million)

211156 175 159 177

-62.8

130

239 238 230

1752

8

-26

7

-22

28

5630

16

228209

184

133

184

-85

158

295 269246

-100

-50

0

50

100

150

200

250

300

-200

-100

0

100

200

300

400

Q1-1

9

Q2-1

9

Q3-1

9

Q4-1

9

Q1-2

0

Q2-2

0

Q3-2

0

Q4-2

0

Q1-2

1

Q2-2

1

Local Oversea Consolidate

Gross Profit (Jan - June)

(THB Million)

367

114

469

69

-15

4743799

516

-200

-100

0

100

200

300

400

500

600

-100

0

100

200

300

400

500

600

H1-19 H1-20 H1-21

Local Oversea Conso

Sale and Administration exp. Ratio to Sales (%) by Quarter

Sale and Administration

8.0 8.110.2 10.9 10.3

19.9

11.79.9 9.9 10.4

0

2

4

6

8

10

12

14

16

18

20

0

20

40

Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Local Overseas Total

8.010.3 11.0

0

2

4

6

8

10

12

14

16

18

20

0

20

40

H1-19 H1-20 H1-21

Local Overseas Total

Sale and Administration exp. Ratio to Sales (%) Jan- June

ยอดขายลดลงท าให้อัตรา SG&A เพ่ิมขึ้น

EBITDA

287335

-35 -35

254

43

208 160

277

-38

279297 252

300

18%

3%

16%14%

22%

7%

30%26%

20%

26%

-60.00%

-50.00%

-40.00%

-30.00%

-20.00%

-10.00%

0.00%

10.00%

20.00%

30.00%

-100

0

100

200

300

400

500

600

Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Oversea Local Consolidate Ratio(%)

EBITDA by Quarters

Ratio to Sales (%)

EBITDA by Year

Ratio to Sales (%)

294 299

622

-59 -70

298 239

55211%

14%

23%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

-100

0

100

200

300

400

500

600

700

800

900

1000

H1-19 H1-20 H1-21

Local Oversea

Net Profit Q2-2021Net Profit by Year

(THB Million)

Net Profit by Quarter

(THB Million)

117

-58

165 168 175220

-54

-24

-31-106

-61

-68

-31 -12 -23 -46

-202

64

-30

-32

99

-81

44

13

119

-156

134156

120

174

-200

-150

-100

-50

0

50

100

150

200

250

-400

-300

-200

-100

0

100

200

300

400

Q1-19 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21

Local Overseas Extra Conso

96 59

395

-78-125 -101

-202

34

-32

18

-37

293

-100

-50

0

50

100

150

200

250

300

350

-300

-200

-100

0

100

200

300

400

500

600

700

800

H1-19 H1-20 H1-21

Local Oversea

Description Y2021 Y2020 Y2019

Sales of investment

properties (Loss)(32) - -

Foreign Exchange

Gain (Loss)- 34 -

Provisions for Bad

Debts- - (202)

Total (32) 34 (202)

Financial Ratios

Return on Equity (ROE) Return on Asset (ROA)

4.6%-0.7%

3.5% 1.1%

9.5%

-13.4%

11.5%13.2%9.8%15.3%

-20.0%

-10.0%

0.0%

10.0%

20.0%

Q1-1

9

Q2-1

9

Q3-1

9

Q4-1

9

Q1-2

0

Q2-2

0

Q3-2

0

Q4-2

0

Q1-2

1

Q2-2

1

Earning per Share (EPS)

0.15

-0.02-0.06

0.05 0.08

-0.102

0.088

0.28

0.08 0.114

-0.2

-0.1

0

0.1

0.2

0.3

Q1-1

9

Q2-1

9

Q3-1

9

Q4-1

9

Q1-2

0

Q2-2

0

Q3

-20

Q4-2

0

Q1-2

1

Q2-2

1

EPS

Debt/Equity Ratio (D/E)

4.0%-0.9%

3.1% 1.0%8.2%

-11.4%

9.8%11.2%8.3%

12.7%

-20.0%

-10.0%

0.0%

10.0%

20.0%

Q1-1

9

Q2-1

9

Q3-1

9

Q4-1

9

Q1-2

0

Q2-2

0

Q3-2

0

Q4-2

0

Q1-2

1

Q2-2

1

0.14 0.14 0.14 0.140.19 0.2 0.21 0.21 0.2 0.21

00.05

0.10.15

0.20.25

Q1-1

9

Q2-1

9

Q3-1

9

Q4-1

9

Q1-2

0

Q2-2

0

Q3-2

0

Q4-2

0

Q1-2

1

Q2-2

1

D/E

Balance Sheet & CF Statement

Cash Flow Statement Q2-2021

(THB Million)

Statement of Financial Position

Q2-2021 (THB Million)

Assets

5,629 Shareholders'equity4,639

Liabilities 989

Ratio Liabilities to Equity : 0.21 %

Cash Equivalents803

Cash on hand780

Operating441

Investing8 Financing

454

Cash on Hand and fixed deposit =1,675.5 MB.

(Factory Building & Car Park : 8 MWdc.)

4.206.70 6.80 6.80 6.27

3.07

4.00 4.02

1.88

17.4

27.8 28.3

44.4 42.2

20.4

-20

-10

0

10

20

30

40

0

2

4

6

8

10

12

2016/Q2 2017 2018 2019 2020 2021/Q2

Car Park Roof top Factory Building Roof top

Electricity Saving

(THB million)

Total Electric Power Production

4.95 Gw-h.

Y2021/Q2

Solar Energy Project

Electric Power Production and

Electricity Saving

(Gigawatt hours)

Reduction Greenhouse Gas

2,617.62 Ton-CO2.

Dividend Payments

Dividend Payments

(THB per Share)

0.37 0.40

0.24

0.36

0.200.30

0.250.15

71.77

97.7192.79

78.21

92.02

49.21

90.37

57.9

0

10

20

30

40

50

60

70

80

90

100

0.00

0.20

0.40

0.60

0.80

2014 2015 2016 2017 2018 2019 2020 2021/H1

DPS %

• Dividend Policy at a minimum rate of

50% of net profit after tax and legal

reserve

• Full legal reserve since 2020

• Dividend payment from the operating

result of the Company for 2021 (Interim

dividend) from 1 January 2021 to 30

June 2021 at rate of THB 0.15 per share

• Dividend Record date on 24 Aug 2021

• Dividend will be paid on 6 Sep 2021

Corporate Measures Against COVID-19 Outbreak

• Since March 2020, The Company has introduced and conducted extensive measures to prevent COVID-19 outbreak within the facilities in order to prevent the interruption of production line.

• Up until now, there is not major internal outbreak.• Outbreak prevention measures include the following activities:

Intensive Quarantine Procedures.

Social Distancing

Establishment Contact CDDU

Emergency Plan Enforcement

and Preparation of FAI

Vaccination

Supports to Public Health Administration