Embed Size (px)
Citation preview
25 November 2019
Q3/2019 Opportunity Day
1
Disclaimers
The information contained herein is intended to represent the Company’s
operating and financial position at a given point in time and may also
contain forward looking information which only reflects expectations based
on the prevailing geo-political, economic and non-controllable factors. Such
information has been obtained from sources believed to be most reliable
and the means in analyzing and preparation of such information for
disclosure are based on approve practices and principles in the investment
industry. The views are based on assumption subject to various risks and
uncertainties and no assurance is made as to whether such future events
will occur. No assurance is made as to the accuracy or completeness of
information presented in this document.
2
• Business Overview
• Financial Highlights
• Future Outlook
• Appendix
Agenda
3
ILM21%
SB16%
IKEA13%
MODERN7%
ECF3%
CHIC1%
Others39%
Thailand’s Most Admired Brand during 2015-2017
from Brand Age Magazine
Business Overview
9M/2019 Revenue from Sales
and Rental & Rendering of
Services: 7,242 MB
Executive Summary
Retail:
> 98% are sales from Index Living Mall and
Index Furniture Center
Project:
> 90% are from domestic project sales
Revenue from Rental and Rendering of Services :
Revenue from rental, services, common
area fee, and utilities charges
Revenue from other sales and services
Revenue from other sales, e.g., revenue
from franchise, dealers, online
Revenue from other services, e.g., delivery, installation services
(1) Excluding one-time expenses of 35.4 MB in 2018 resulted from loss recognition of the closure of ILM Malaysia of 105.4 MB minus deferred tax of 70.0 MB (2) Excluding one-time expense of 21.0 MB (net after tax) in 9M/2019 resulted from employee retirement benefits during Q1/2019
ILM sells not only furniture but also a full range of home decorative products, making ILM a leading home furnishing retailer.
2018 Market Share
No. 1 Brand Thailand during 2016-2018
from Marketeer Magazine
Thailand’s Top 10 Retailers Ranking from Retail Asia Pacific Top
500 Award during 2016-2017
from Retail Asia Magazine, Euromonitor International, and KPMG
Source: Sales collected from Ministry of Commerce
Asia Pacific Entrepreneurship Awards 2019, Thailand
from Enterprise Asia, a non-government organization for entrepreneurship
Retail77.1%
Project12.4%
Rental & Services
4.8%
Revenue from other sales
and services5.7%
Unit: MB 2018 Q3/2019 9M/2019
Revenue from Sale 9,174 2,275 6,829
Revenue from Rental and
Rendering Services484 146 413
Total Revenue from Sales
and Rendering of Services
9,658 2,421 7,242
Net Profit 542.9 165.6 455.4
Net Profit before One-time
Expense578.3 165.6 476.4
(1) (2)
4
As of 30 September 2019, ILM operated 5 brands of retail stores covering all groups of customers as follows:
ConceptSmart solution to every design of
home decoration
Simplicity, quality, and
worthiness
Italian Modern Style Urban Danish Design Live in the Moment
Customer
Group
Mass to Premium Mass Mass Premium Mass to
Premium
Premium Ultra Luxury
Customer
Age
25 - 50 years 20 - 50 years 35 - 50 years 35 - 50 years 35 - 50 years
Lifestyle
One Stop Shopping for customers
who prefer modern, functional,
simple, and reasonably priced
products
Urban people who
prefer simplicity and
products that are useful
and worthwhile
Urban people with
modern lifestyles who
prefer uniquely modern
design products
Urban people who
prefer imported
products with simple
design and functional
Urban people
succeeding in life who
have high class, great
taste, and prefer classic
Products
Simple, customized to customers’
needs, different but perfect, and
worthwhile
Distinctive with good
design, good quality,
and good price
Imported high quality
furniture products
Danish style imported
furniture and home
decor products
American luxury style
imported furniture and
home decor products
Products
and
Brands
More than 33,000 SKUs More than 2,200 SKUs More than 30 SKUs of
Trend Design Brands
More than 200 SKUs More than 200 SKUs
No. of
Stores
- 31 stores of Index Living Mall
- 6 stores of Index Furniture Center
- 1 WINNER store in
Ratchaburi
- 4 stores in Index Living
Mall
- 1 store at Siam
Paragon
- 1 store at Index Living
Mall
- 1 store at Siam
Paragon
- 2 shops at Index Living
Mall (shop in shop
stores)
Retail Stores in Thailand1
Furniture and Home Furnishings Business - Retail Stores
5
Projects2
25 Local dealer stores nationwide
ILM sells online via its own website, Lazada,
Shopee, and Index Chat to Shop (Line @).
Domestic Dealers4
Manufactures furniture and home decor
products without brand to overseas
entrepreneurs through representatives in that
country.
Online
OEM and Trading
5
6
Property Developers Offices
Schools and Universities
Customers
HotelsHospitals
ILM has several project customers both in Thailand and overseas, e.g., real estate developers, private companies, and government agencies.
Major products for project customers include furniture made of particle board, wood, steel ladders,
mezzanine work, etc.
Products
Overseas Retail Stores: Franchise and Dealers3
ILM has retail stores in overseas through franchisees and dealers in total of 17 stores in 7 countries.
Indonesia
3 Stores
Maldives
1 Store
Laos
1 Store
Cambodia
2 Stores
Pakistan
4 Stores
Myanmar
4 Stores
Nepal
2 Stores
Furniture and Home Furnishing Business
Data as of 30 September 2019(1) The first ILM franchise store in Vietnam was open in November 2019, which summed to a total of 18 overseas franchise and dealer stores in 8 countries.
(1)
6
Space Rental and Rendering of Services Business
The Walk Ratchaphruek
Year of opening February 2012
Area (m2) 16,515.7
Occupancy
Rate93.6%
Tenants
The Walk Kaset-Navamin
Year of opening August 2013
Area (m2) 15,199.9
Occupancy
Rate82.9%
Tenants
The Walk Nakhonsawan
Year of opening January 2014
Area (m2) 16,932.0
Occupancy
Rate100.0%
Tenants Sub-leased by Tesco Lotus
Little Walk Bangna
Year of opening January 2017
Area (m2) 3,484.8
Occupancy
Rate99.9%
Tenants
Mid-sized Community MallRental space in multi-storey building with various
shops that fulfill and meet lifestyle of the target
group
Small Community MallRental space in one-storey building whose
advantage is convenience to access stores in the mall
Little Walk Pattaya
Year of opening November 2018
Area (m2) 5,322.2
Occupancy
Rate78.6%
Tenants
Index Mall Rama II
Year of opening April 2017
Area (m2) 3,450.9
Occupancy
Rate66.6%
Other rental areas in Index Living Mall
Rental space in 11 Stores of Index Living Mall
Total rental area (m2) 2,945.5
Occupancy Rate 77.1%
Tenants and other tenants
Remark: Data as of 30 September 2019
Tenants
1 2 3
4
Index Mall
Rental spaces in large-sized standalone Index Living Mall which enhance
opportunities and attract customers to visit the mall
Index Mall Bang Yai
Year of opening March 2017
Area (m2) 5,263.0
Occupancy
Rate99.5%
Index Mall Bangna
Year of opening September 2018
Area (m2) 3,171.6
Occupancy
Rate85.8%
Index Mall Chaiyapruek
Year of opening March 2019
Area (m2) 3,623.6
Occupancy
Rate98.4%
7
Business Expansion
WINNER Ratchaburi, the 1st standalone WINNER
store (COCO format) was open on 23 August 2019
Index Living Mall Chanthaburi, the 31st Index Living
Mall store was open on 2 August 2019
At the end of Q3/2019, there were 10 stores of
Younique, 3 new openings from 7 at the end of
Q2/2019
Focusing on a new channel Line@ Index Chat to
Shop to enhance customer interaction and
successful sales orders
8
• Business Overview
• Financial Highlights
• Future Outlook
• Appendix
Agenda
9
8,955 8,908 9,174
2,225 2,254 2,275
6,818 6,829
407 467 484
122 141 146
359 413
9,362 9,375 9,658
2,347 2,394 2,421
7,177 7,242
0
2,000
4,000
6,000
8,000
10,000
12,000
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Revenue from Sales and Rental and Rendering of Services
Revenue from rentaland rendering ofservices
Revenue from sale ofgoods
Unit: Million Baht
Revenue Structure
+3.2% YoY
+1.1% QoQ
+0.9% YoY
Q3/2019
Revenue from sale of goods grew by 2.2% YoY and 0.9%
QoQ. YoY growth was mainly supported by sales from new
stores including ILM Bankruai-Sai Noi (operated in Aug 18),
ILM Chaiyapruek (operated in Jan 19), ILM Chanthaburi
(operated in Aug 19), and WINNER Ratchaburi (operated in
Aug 19). Meanwhile, Younique, online sales, and domestic
projects continued to grow steadily both YoY and QoQ.
Revenue from rental and rendering of services increased by
20.1% YoY and 4.2% QoQ. YoY growth was mainly
attributable to new rental spaces including Index Mall Bangna
(operated in Sep 18), Little Walk Pattaya (operated in Nov
18), and Index Mall Chaiyapruek (operated in Mar 19).
Meanwhile, occupancy rates of rental spaces improved both
YoY and QoQ.
If excluding sales from ILM Malaysia in Q3/2018 of 56 MB,
growth of operating revenue in Q3/2019 would increase from
3.2% YoY to 5.7% YoY.
9M/2019
Revenue from sale of goods slightly increased by 0.2% YoY,
mainly encouraged by the same reasons as the YoY growth
of Q3/2019, including sales from new stores as well as sales
increase in Younique, online, and domestic project.
Revenue from rental and rendering of services increased by
15.2% YoY, mainly attributable to new renal spaces and
improved occupancy rates.
If excluding sales from ILM Malaysia in 9M/2018 of 156 MB,
growth of operating revenue in 9M/2019 would increase from
0.9% to 3.1% YoY.
10
82.1% 79.7% 81.1%
81.4% 82.2% 81.4%
81.4% 81.8%
8.9% 12.1%11.8%
11.7% 11.2% 12.4%
10.9% 12.4%
6.1% 6.1%4.7%
4.4%3.1% 1.9%
5.4% 2.3%
2.6% 1.7%1.5%
1.3% 1.6% 1.2%
1.5% 1.4%
0.3% 0.4% 0.9%
1.1% 1.9% 3.1%
0.8% 2.1%
8,955 8,908 9,174
2,225 2,254 2,275
6,818 6,829
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Sales Revenue By Channel
Online
Dealers
Overseas
Project
Retail
Unit: Million Baht
Sales Breakdown by Channel
+0.2% YoY+2.2% YoY
+0.9% QoQ
Q3/2019
YoY sales increase was mainly supported by growth of retail,
domestic project, and online sales, despite a decrease in
overseas sales due to the closure of ILM Malaysia and
reduced overseas project sales.
QoQ sales increase was mainly reinforced by growth of
domestic project and online sales.
9M/2019
Sales increase was the same reasons as the YoY growth of
Q3/2019, including growth of retail, domestic project as well
as online sales, despite decreased overseas sales due to the
closure of ILM Malaysia and reduced overseas project sales.
*Overseas channel include all sales from abroad including franchisees and dealers, OEM, ILM Malaysia, and projects
*
11
Sales Breakdown by Product Segment
+2.2 YoY
+0.9% QoQ
+0.2% YoY
Q3/2019
Both YoY and QoQ sales growth was mainly attributable
to the sales increase in furniture and mattress.
9M/2019
YoY sales growth was mainly supported by the sales
increase in furniture including Index furniture, WINNER
furniture, and Younique.
65.5% 65.1% 64.6%
64.2% 64.7% 65.0%
64.3% 65.2%
17.7% 18.7% 19.1%
18.9% 18.6% 18.4%
18.8% 18.3%
5.7% 5.1%5.1%
5.3% 4.9% 5.5%
5.3% 5.2%
10.9% 11.0%11.1%
11.6% 11.9% 10.6%
11.6% 11.2%
0.1% 0.1%0.1%
0.1%0.5%
0.1% 0.2%
8,955 8,9089,174
2,225 2,254 2,275
6,818 6,829
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Sales By Product Segment
Others
Home Electric
Mattress
HDI
Furniture
Unit: Million Baht
12
407.4
467.2 484.1
121.9 140.6 146.4
358.7
413.2
-
100.0
200.0
300.0
400.0
500.0
600.0
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Revenue from Rental and Rendering of Services
Unit: Million Baht
Revenue from Rental and Rendering of Services
+15.2% YoY
Q3/2019
Revenue from rental and rendering of services continued
to grow both YoY and QoQ, mainly supported by
additional rental spaces from the end of 2018 to the
beginning of 2019, plus gradually improved occupancy
rates.
9M/2019
The increase in revenue from rental and rendering of
services was mainly attributable to new rental spaces
and improved occupancy rates.
+20.1% YoY
+4.2% QoQ
13
407.4
467.2 484.1
121.9 140.6 146.4
358.7 413.2
-
100.0
200.0
300.0
400.0
500.0
600.0
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Revenue from Rental and Rendering of Services
Unit: Million Baht
14.4
227.9
64.1 85.2 94.7
153.5
260.4
-
50.0
100.0
150.0
200.0
250.0
300.0
2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Younique Sales
Unit: Million Baht
Growth Drivers
+70% YoY
+11% QoQ
+48% YoY
31.3 34.5
84.8
23.9 43.0
70.3 54.1
144.7
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Online Sales
Unit: Million Baht+194% YoY
+64% QoQ
+167% YoY +20% YoY
+4% QoQ
+15% YoY
Total contribution to operating revenue from the 4 key growth drivers:
13.2% in 2016, 17.0% in 2017, and 19.5% in 2018
20.0% in Q3/2018, 21.8% in Q2/2019, 24.5% in Q3/2019, 18.2% in 9M/2018, and 23.0% in 9M/2019.
793.5
1,080.9 1,082.8
260.4 253.2 281.1
743.4 849.2
-
200.0
400.0
600.0
800.0
1,000.0
1,200.0
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Domestic Project Sales
Unit: Million Baht
+11% QoQ
+8% YoY +14% YoY
14
Gross Profit Margin
Q3/2019
%GPM from sale of goods improved both YoY and QoQ,
mainly supported by improved product mix, a higher sales
contribution of furniture especially from Younique as well
as the improved margin of new collection products.
%GPM from rental and rendering of services increased
both YoY and QoQ, mainly supported by improved
occupancy rates.
9M/2019
Improved %GPM from sale of goods was mainly buoyed
by the same reasons as the growth of Q3/2019, including
product mix, a higher sales contribution of furniture
especially from Younique as well as the improved margin
of new collection products.
Lower %GPM from rental and rendering of services was
caused by immediate full expenses recognition of new
rental spaces, while occupancy rates and revenue
gradually increase.
42.9% 42.8%
44.2%
42.9%
44.2%
45.1%
43.6%
44.4%
43.0% 42.9%
44.1%
42.8%
43.9%
45.0%
43.6%44.2%
44.5%
45.3%
43.0%
42.1%
39.4%
42.6%43.1%
40.3%
38.5%
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
%Gross Profit Margin
%GPM fromSale of Goods
Overall %GPM
%GPM fromRental andRendering ofServices
15
23.8% 23.2%24.8%
25.4% 24.5% 24.9%
23.8% 24.6%
10.6% 11.0%
11.9%
12.6% 11.9% 12.7%
12.6% 12.5%
3,219 3,209
3,545
892 872 911
2,607 2,681
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
SG&A
%Adminexpenses torevenue
%Selling anddistributionexpenses torevenue
Unit: Million Baht
SG&A
+4.5% QoQ
+2.2% YoY +2.8% YoY
Q3/2019
Selling and distribution expenses increased 1.3% YoY and
2.8% QoQ, mainly due to the incremental expenses from new
stores as well as promotional expenses, especially from
online advertisements. However, %selling and distribution
expenses to revenue decreased YoY, mostly supported by
increased operating revenue and improved cost management.
Administrative expenses expanded 3.8% YoY and 8.1% QoQ,
mainly resulted from the increase in employee expenses,
depreciation, and increased number of delivery trips from
higher sales.
9M/2019
Selling and distribution expenses increased 4.3% YoY, mainly
caused by the incremental expenses from new stores as well
as higher promotional expenses.
Administrative expenses were quite stable YoY. However,
%administrative expenses to revenue decreased, mainly
supported by increased operating revenue and improved cost
management, despite the one-time expense of 26.2 MB from
employee retirement benefits during Q1/2019.
Selling and distribution expenses are expenses of the Company’s retail stores and rental spaces, e.g., employee expenses, depreciation, utilities expenses, rental costs, etc.
Administrative expenses are back office expenses, e.g., employee expenses, delivery costs, depreciation, etc.
16
-0.7% QoQ
1,485.8 1,479.61,360.8
328.2 396.8 393.8
930.1
1,147.5
15.8% 15.6% 13.9% 13.8% 16.4% 16.1% 12.8% 15.7%
-90.0%
-70.0%
-50.0%
-30.0%
-10.0%
10.0%
0.0
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
1,600.0
1,800.0
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
EBITDA and EBITDA MarginUnit: Million Baht
(1)
489.9 494.4542.9
105.0 158.0 165.6
307.1
455.4
5.2% 5.2% 5.6%4.4%
6.5% 6.8%4.2%
6.2%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
2016 2017 2018 Q3/18 Q2/19 Q3/19 9M/18 9M/19
Net Profit and Net Profit Margin
Unit: Million Baht
(3)
(2)
Net Profit and EBITDA
+5% QoQ
+58% YoY +48% YoY
+23% YoY+20% YoY
(1) Including one-time expenses of 35.4 MB, due to loss recognition from the closure of ILM Malaysia of 105.4 MB minus deferred tax of 70.0 MB. If excluding
these one-off transactions, 2018 NP and 2018 EBITDA would be 578.3 MB and 1,396.2 MB respectively. (2 Including the reversal of loss from the closure of ILM Malaysia of 6.6 MB (net after tax). If excluding this transaction, Q3/2018 NP and Q3/2018 EBITDA
would be 98.4 MB and 321.6 MB(3) Including one-time expense of 119.3 MB (net after tax) from the closure of ILM Malaysia). If excluding this transaction, 9M/2018 NP and 9M/2018 EBITDA
would be 426.5 MB and 1,049.4 MB(4) Including one-time expense of 21.0 MB (net after tax) from employee retirement benefits in Q1/2019. If excluding this transaction, 2019 NP and 9M/2019
EBITDA would be 476.4 MB and 1,168.5 MB respectively.
***If excluding all of the one-off transactions from the closure of ILM Malaysia in 2018 and employee retirement benefits in Q1/2019, Q3/2019 NP would
increase 68% YoY; Q3/2019 EBITDA would increase 22% YoY; 9M/2019 NP would increase 12% YoY; and 9M/2019 EBITDA would increase 11% YoY.***
(1)
(4)
(4)
(3)
(2)
17
4,238 4,532 4,571 4,830
3,026 2,7852,245
3,776
1,300849 448
999532
805915
715 860359 496
530643
1,300 1,300
1,696 1,839 1,9221,855
12,274 12,315 12,28212,496
0
2,000
4,000
6,000
8,000
10,000
12,000
2016 2017 2018 Q3/19
Statement of Financial Position
Q3/2019 vs 2018
Increased total assets mainly due to:
(1) Higher cash and cash equivalents from IPO proceeds
(2) Increased inventories as a result of merchandises at new stores
including ILM Chanthaburi and WINNER Ratchaburi, plus waiting-for-
delivery products of project customers
(3) Increased investment properties from additional rental spaces
Total Assets Liabilities and Equity
Q3/2019 vs 2018
Equity attributable to owners of the parent rose as a result of capital raising
through IPO and operating profit during 9M/2019.
Reduced liabilities was due to lower borrowings from financial institutions
as a result of repayment of debenture and some portion of short-term
loans.
6,127 5,926 5,969 5,852
2,274 2,431 2,379 2,495
1,415 1,387 1,494 1,435
987 1,004 1,109 1,159
243 293 294 248189 217308 419
1,038 1,057 729 889
12,274 12,315 12,28212,496
0
2,000
4,000
6,000
8,000
10,000
12,000
2016 2017 2018 Q3/19
15%
5%
7%
4%
0%
30%
39%
16%
4%
6%
8%
11%
18%
37%
7%
3%2%
9%
11%
20%
47%
6%3%2%
9%
12%
19%
49%
18
D/E and IBD/E
Q3/2019 Debt to Equity (D/E) and Interest-bearing Debt to Equity (IBD/E) went back to the
Company’s normal level after the hike during the pre-IPO period in Q2/2019 as a result of
borrowings repayment from IPO proceeds during Q3/2019.
1.31.1 1.1 1.0
1.9
1.7 1.71.6
0.0%
50.0%
100.0%
150.0%
200.0%
250.0%
300.0%
350.0%
2016 2017 2018 Q3/19
D/E (x)
IBD/E (x)
19
• Business Overview
• Financial Highlights
• Future Outlook
• Appendix
Agenda
20
Future Projects
To open Index Living Mall 1-2
stores per year in attractive
locations with high purchasing
power
To open 2 more WINNER stores
to penetrate second-tier cities by
the first half of 2020.
To continuously expand Younique
openings at Index Living Mall 2-3
stores every quarter, in additional
from currently of 10 stores at the
end of Q3/2019
After installing solar rooftop at the
factory and 4 stores of Index Living
Mall in 2018, we are working for
another 6 stores in Q4/2019 and
more stores next year.
To downsize oversized Index
Living Mall stores and switch
some area into rental spaces
(Index Mall) 1-2 stores per year
21
• Business Overview
• Financial Highlights
• Future Outlook
• Appendix
Agenda
22
Index Living Mall Plc.
(ILM)Thailand’s leading retailer of furniture and home
furnishing products
Index Interfurn Co., Ltd.
(IDF)
Manufactures furniture and mattress
Index Living Mall Inter
Co., Ltd. (ILM Inter)
Operates franchising and dealership
business in overseas
Index Living Mall Malaysia
Sdn. Bhd. (ILMM)(1)
Operates furniture retail stores in
Malaysia
Group Structure
The Walk Co., Ltd.
(TW)
Operates space rental and rendering of
services business
99.99% 99.99% 99.99% 51.00%
99.99%
Bangkok Casa Co., Ltd.
(CASA)
Operates warehouse rental as for the
distribution center within group of
companies
(1)ILMM is in the process of dissolution.
Full allowance for impairment of
investment was already set.
23
Shareholding Structure and Share Information
Stock Symbol: ILM
Industry and Sector: Commerce
No. of Listed Shares: 505,000,000 Shares
Registered Capital: THB 2,525,000,000
Paid-up Capital: THB 2,525,000,000
Par Value: THB 5.0 per Share
Listing Date: 26 July 2019
Foreign Limit: 49% (available 48.33%)
Dividend Policy: Not less than 50% of net profit from
normal operation according to
consolidated financial statements after
deduction of tax revenue and legal
reserve. However, actual payments will
depend on cash flows and investment
plans of the Company’s and its affiliates
as well as other necessities as the
Board of Directors deems appropriate.
Market Capitalization: 8,585 MB or 283 MUSD
Free Float: 26.04%
Krobkrua Thammada
Panich Co., Ltd.
40.3%
Patamasatayasonthi
family29.0%
Udommahuntisuk
family9.7%
Others21.0%
Share Information
(As of 11 November 2019)
Shareholding Structure
(As of 6 August 2019)
24
Milestones
1994
was founded as
Bangkok Franchise Co., Ltd.
Operated “Index
Furniture Park Mall” in
Pattaya
Operated the first “Index
Living Mall” store at
Furture Park Rangsit
2004
The Company’s name
was changed to Index Living Mall Co., Ltd.
2009
Expanded business
into overseas through
franchise format
2012
Operated the first
community mall, The
Walk Ratchaphruek
2015
Restructured group of
companies by bringing
furniture manufacturing and
distribution business to be
under the Company
2017
Launched “Younique
Customized Furniture 4.0”
20192002
Currently operates furniture retail stores
covering all ranges of customers:
31 stores of
and 6 stores of Index Furniture Center
1 store of under COCO format
4 stores of
2 stores of
1 store of
On 26 July 2019, ILM was listed on the
Stock Exchange of Thailand (SET)
25
Our Key Strengths
Integrated supply chain from production to distribution channel
Top of mind brand with innovation and design that respond to all groups of
customers’ needs
No.1 No. 1 Leading home furnishing retailer in Thailand
Growing space rental business which creates synergy with retail business
Managed by experienced and competent directors and executives
Extensive distribution channel throughout Thailand as well as exporting and
expanding franchise and dealership business in overseas
1
2
3
5
6
4
26
Launched in September 2017: Break all customized furniture rules for the first time in
Thailand
Easy to adjust and customize the sizes and designs with accuracy of millimeters
Over a million designs
Customized quality at your budget
Instant quotation within 1-minute as real-time process
Full services from design consultation to installation services
Younique: Disruptive Furniture
