2018/19 earnings presentation 22 may 2019vgi.listedcompany.com/misc/presentation/20190522... ·...
TRANSCRIPT
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2018/19 EARNINGS PRESENTATION22 MAY 2019
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DISCLAIMER
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2018/19 FINANCIAL PERFORMANCE
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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
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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•
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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
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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
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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)
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2019/20 VGI TARGETS AND CAPEX
REVENUE 6,000 - 6,200mn
EBITDA margin 40 – 45%
NPAT margin 20 - 25%
CAPEX700mn
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KEY BUSINESS UPDATE
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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
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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
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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
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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
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•
•
• China Solutions:
• O2O Solutions:
• Mobile Application:
POTENTIAL PARTNERS
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BROADEN USER-BASE
•
•
•
•
•
•
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2016 – 2018 ACHIEVEMENTS
RABBIT LINEPAY
+83.0% YTD
RABBIT CARD
+23.2% YTD
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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