OPPORTUNITY DAY| 7 SEPTEMBER 2018
Global Presence • Aesthetic Excellence • Business Integrity
Agenda
• COMPANY OVERVIEW
• PRODUCTS & SERVICES
• FINANCIAL HIGHLIGHT
• ACTIVITIES & OPPORTUNITIES
• PROJECT REFERENCE
• OPERATION
• Q & A
2
Overview
3
4
Our Story
TCM Corporation Structure
5
TCM Corp
Flooring
Royal ThaiCarpets
Inter
Living
Alstons DMM
Automotive
TCHS
9 subsidiaries 5 subsidiaries 1 subsidiary
Total: 15 subsidiaries
6
Proportion of TCMC business (Historical record 2013-2017)
TCM Flooring
100%
2013 (705.49 MB)
TCM Flooring
40%
TCM Automotive
60%
2014 (1,660.94 MB)
TCM Flooring
26%
TCM Living32%
TCM Automotive
42%
2015 (2,366.05 MB)
TCM Flooring
15%
TCM Living54%
TCM Automotive
31%
2016 (3,872.07 MB)
TCM Flooring
20%
TCM Living61%
TCM Automotive
19%
2017 (7,633.13 MB)
TCM Flooring
33%
TCM Living49%
TCM Automotive
18%
Estimated 2018
TCM Global business – our offices
7
Flooring businessLiving businessAutomotive business
Calhoun
UK
Singapore
HKMacauChina
India
Chiang maiPathumthaniBangkokHad YaiSamutrprakarnAyutthaya
UAE
7
Branding
8
For Domestic & Export Market / Hospitality sectors / Ax, HT products
For Domestic & Export Market / Corporate sectors / Carpet tiles products
Our Business
9
TCM Flooring
For the past 50 years, Royal Thai has been designing and manufacturing carpets for high-end hospitality spaces across the globe. Our core values stand strong: to help elevate the lives of those around us.
10
TCM Flooring
Carpets Inter is Asia- Pacific’s largest carpet manufacturer for the contract industry, offering an extensive range of floor covering materials and techniques, including Carpet tile,Broadloom-tufted, Axminster, and Automotive carpet. Our fully integrated manufacturing processes and our commitment to reliable service making us Asia’s quintessential one-stop source for high-quality, sustainably produced carpets to the commercial sector. 11
TCM Living
Alstons Furniture Group is one of the leading upholstery manufacturers in the UK. Alstons factory is located in Colchester, England, covering 3.5 acres of land. The Company has been long established sofa manufacturer with high quality products and top back up services. 12
TCM Living
Based in the heart of England, every piece of furniture is hand crafted, combining traditional time honoured techniques with modern technology to ensure the highest quality result, delivered in the most efficient way.
13
TCM Living
Initially part of top British furniture manufacturer Ashley Manor, AMX Design became an independent business in 2004.AMX Design has cemented a high reputation for our inspired and individual leather and fabric mix furniture, but we also offer a full leather-only range in a wide variety of types and grades.
14
TCM Living
At Alexander and James we are lovers of the humble couch.A fresh faced designer sofa company, rooted in a Great British furniture heritage. Born of 120 years of specialist knowledge in furniture design, retail and manufacturing, our sofas are created by upholstered furniture experts 15
TCM Automotive
T.C.H. Suminoe Co., Ltd. is built on a 16,000 square-meter plot of land at Bangpa-in Industrial Estate in Ayutthaya, offering an extensive range of the products for interior lining and seat upholstery in the transportation and interior decoration industries which are woven fabrics, knitted fabrics and nonwoven fabrics in either rolled aspect or cut-to-sized aspect.
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Financial Highlight
17
18
TCMC Operating Performance(Record year 2015-2017)
2,366.05 3,872.07 7,633.13
325.75
527.63
724.07
180.56
270.35
327.72
0
100
200
300
400
500
600
700
800
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
2015 2016 2017
EBIT
DA
& P
RO
FIT
Un
it:
MB
REV
ENU
EU
nit
: M
B
Sales record 2015-2017
Revenue EBITDA Net Profit
19
TCMC Consolidated Operating Performance(Q2 and 6M performance)
1,738.922,404.48
3,233.77
4,540.17
0
1,000
2,000
3,000
4,000
5,000
Un
it :
MB
Sales Revenue
Q2 2017 Q2 2018 6M 2017 6M 2018
41.23
60.19
94.44
44.22
0
20
40
60
80
100
Un
it :
MB
Net Profit
Q2 2017 Q2 2018 6M 2017 6M 2018
146.68
243.68
336.76398.43
0
100
200
300
400
500
Un
it :
MB
EBITDA
Q2 2017 Q2 2018 6M 2017 6M 2018
390.30
721.86807.49
1,326.14
0
500
1000
1500
Un
it :
MB
Gross Profit
Q2 2017 Q2 2018 6M 2017 6M 2018
22.45 30.02 24.97 29.21 % to Sales Revenue
8.44 10.13 10.41 8.78 % to Sales Revenue 2.37 2.50 2.92 0.97 % to Sales Revenue
3,096.04
6,172.02
2,989.15
6,292.04
1,721.75
2,646.29
1,791.36
3,168.29
0.00
1,000.00
2,000.00
3,000.00
4,000.00
5,000.00
6,000.00
7,000.00
8,000.00
9,000.00
10,000.00
2016 2017 6M/2017 6M/2018
Un
it:
MB
Statement of Financial Position
Total Liabilities Equity
4,817.79
8,818.32
4,780.52
9,460.33
Total Assets
20
TCMC Consolidated Operating Performance
D/E Ratio
2016 2017 6M/2017 6M/2018
2.22 2.70 2.07 2.25
21
Business Performance
2.49
65.86
3.55
52.16
0.00
20.00
40.00
60.00
80.00
Un
it :
THB
Mill
ion
s
EBIT
Q2 2017 Q2 2018 6M 2017 6M 2018
30.86
285.08
60.08
473.71
0.00
100.00
200.00
300.00
400.00
500.00
Un
it :
THB
Mill
ion
s
Gross Profit
Q2 2017 Q2 2018 6M 2017 6M 2018
131.41
825.90
242.42
1,451.60
0.00
500.00
1,000.00
1,500.00
2,000.00
Un
it :
TH
B
Mill
ion
s
Sales Revenue
Q2 2017 Q2 2018 6M 2017 6M 2018
7.81
93.76
17.40
107.97
0.00
50.00
100.00
150.00
Un
it :
THB
Mill
ion
s
EBITDA
Q2 2017 Q2 2018 6M 2017 6M 2018
23.49 34.52 24.78 32.63 % to Sales revenue
22
Business Performance
1.67 1.88
3.503.23
0.00
1.00
2.00
3.00
4.00
Un
it :
GB
P
Mill
ion
s
EBIT
Q2 2017 Q2 2018 6M 2017 6M 2018
1.562.12
3.01
3.71
0.00
1.00
2.00
3.00
4.00
Un
it :
GB
P
Mill
ion
s
EBITDA
Q2 2017 Q2 2018 6M 2017 6M 2018
28.79 28.90
52.12 54.23
0.00
20.00
40.00
60.00
Un
it :
GB
P
Mill
ion
s
Sales Revenue
Q2 2017 Q2 2018 6M 2017 6M 2018
7.15 7.43
13.65 13.98
0.00
5.00
10.00
15.00
Un
it :
GB
P
Mill
ion
s
Gross Profit
Q2 2017 Q2 2018 6M 2017 6M 2018
24.82 25.71 26.20 25.78 % to Sales revenue
23
Business Performance
52.97 52.12
101.86 109.13
0.00
50.00
100.00
150.00U
nit
: TH
B
Mill
ion
s
EBIT
Q2 2017 Q2 2018 6M 2017 6M 2018
71.43 67.97
136.34 141.39
0.00
50.00
100.00
150.00
Un
it :
THB
Mill
ion
s
EBITDA
Q2 2017 Q2 2018 6M 2017 6M 2018
355.05 350.93
704.97 727.88
0.00
200.00
400.00
600.00
800.00
Un
it :
THB
Mill
ion
s
Sales Revenue
Q2 2017 Q2 2018 6M 2017 6M 2018
84.01 82.54
163.59 170.17
0.00
50.00
100.00
150.00
200.00
Un
it :
THB
Mill
ion
s
Gross Profit
Q2 2017 Q2 2018 6M 2017 6M 2018
23.66 23.52 23.21 23.38 % to Sales revenue
Activities & Opportunities
24
Exhibitions
25
NEC Birmingham
CIFFChina
IFFSSingapore
Exhibitions
26
ExhibitionsHD ShowLas Vegas
27
28
Project Reference
29
30
31
Emirates Palace, SuiteGovernment House Royal Palace Grand Millennium Ocean Marina Yacht club
Trinity Infant Centre Emprivé Cinema W HotelWestin Grand Hilton Sukhumvit
Prem Tinsulanonda International School
Manila Water Business Technology Center
Fronditha Aged Care Lowther Hall Anglican Grammar School
McKinnon College
Operation
32
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TCM Flooring
One Stop Service Supply
Our Pathumthani Factory
34
• Located on 110 Rai with 100,000 SQM of factory area
• Largest contract carpet manufacturer in South East Asia for hospitality and commercial markets
• With extensive & modern facilities and capability to handle large scale projects
• Vertical Integrated Production, starting from fiber and yarn extrusion, wool and synthetic yarn spinning, dyeing, twisting, heat setting, weaving, tufting to finishing.
Our Don Muang Factory
35
• Located on 29 Rai with 30,000 SQM of factory area
• Specializes in luxury Hand Tufted carpet
• Largest Hand Tufted carpet manufacturer in South East Asia
• High skill craftsmen with more than 20 years experiences.
Management Systems
ISO 9001 : 2015(Quality)
ISO 14001 : 2015(Environment)
OHSAS 18001 : 2007(Occupational Health & Safety)
TLS 8001 : 2010(Labor)
Green Industry : Level 4(Green System)
ISO 50001 : 2011(Energy)
AEO(Trading Security)
36
Product Certifications
IMO : United Kingdom(Marine Carpet)
CE Marking : Europe(Health, Safety & Environmental)
NSF 140 : USA(Sustainable Carpet)
Green Label Plus : USA(Volatile Organic Compounds)
Green Label : Singapore (Environment-friendly product)
Carbon Footprint : Thailand(Greenhouse gas emission)
ECS : Australia(Environmental Classification)
Green Building Product : Singapore (Environment-friendly product)
Green Star PVC Credit : Australia (PVC Minimization)
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Business Synergy and Consolidation Plan
39
• Under-utilised Don Muang Plant at acquisition. Opportunity to use our global sales reach to increase utilisation.
• Aligning quality and service performance to the world markets’ need.
• Centralised purchasing and raw material savings, experience and economy of scale purchases.
• Centralised planning and optimised plant scheduling.
• Wool Yarn Manufacturing plant upgrade.
• Investment in new technology high-speed Axminster looms.
• Global implementation of an integrated ERP IT system.
Next Step – Drive Profitability
40
• Improve operation efficiency
• Workforce rationalisation
• Reduce duplication of production
resources
• Capacity growth to meet growing sales
demand
Q&A
41
Contact :Address : TCM Corporation Plc.
238 Vipavadee Rangsit rd., Sanambin, Don Muang, Bangkok 10210
Tel : +66 (0) 2 533 6393
Investor Relations :E-mail : [email protected] : +66 (0) 2 656 0305 ext. 30 Download presentation file here
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Global Presence • Aesthetic Excellence • Business Integrity
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