2Q2021
COMPANY PERFORMANCE
AGENDA
1
Company Overview
4
2
3Situation
Updates
2 5Strategic Direction/
Strategy
Project
Updates
Financial Performance
Total revenue increased by 44.5% YoY mainly due to
Logistics Infrastructure business increased
outstandingly by 176.4% YoY
Transportation business increased by
112.7 % YoY
Maintain satisfactory level of cold chain
business performance
Performance of businesses growth outstandingly
Automotive business increased by 100.7%
YoY due to the new contracts with Isuzu and
Mitsubishi. Moreover, the volume growth of
on-site service and transportation service
are increased.
Dangerous Goods increased by 49.2% YoY
due to the new high of DG throughput
44.5% Total Revenue
Growth YoYOutstanding Performance
Projects in pipeline are
all on Track
2Q2021 HIGHLIGHT
New projects performance improved, establishing
strong foundation for future growth
Warehouse Operation Updates
Acquisitions / New Investment
On going Projects
COMPANY BUSINESS STRUCTURE OVERVIEW
74.3%
22.8% 2.9%
JWD GROUP TOTAL REVENUE IN Q2/2021
1,281.9Million Baht
Logistics & Supply Chain
Food Supply Chain Other Business
1
2 3
4
LOGISTICS & SUPPLY CHAIN SERVICES
5
46.8% 3.7%
2.6%2.5%
• General Goods
• Dangerous & Chemical Goods
• Automotive
• Cold Storage
• Document Storage
Warehouse &
Yard Management
• Barge Terminal
• Rail Yard Management
Transportation & DistributionRelocation
Service
Self Storage Logistics Infrastructure
Management
• General Goods
• Dangerous & Chemical Goods
• Automotive
• Cold Storage
• Express
• Project Cargo
74.3%Logistics & Supply Chain
Share of Revenue
• Self Storage
• Self Deposit
• Art Space
• Wine Bank
• Relocation services for household,
offices domestic and international
15.8%
Overseas
• General Warehouse
• Cold Storage
• Custom Clearance Service
• Cross Border
2.9%
3.7%
Transportation & DistributionRelocation
Service
• General Goods
• Dangerous & Chemical Goods
• Automotive
• Cold Storage
• Express
• Project Cargo
• Relocation services for household,
offices domestic and international
15.8%
Overseas
• General Warehouse
• Cold Storage
• Custom Clearance Service
• Cross Border
2.9%
FOOD SUPPLY CHAIN SERVICES & OTHER
Food Services
22.8%Food Supply Chain
Share of Revenue
Other Business
Share of Revenue
2.9%
6
• Food Procurement
• Food Processing
• Food Trading & Distribution
Other Business Unit
• Property Development
• IT Solutions for Supply Chain
Management
• Investment
• Other Income
LEADER IN LOGISTICS WITH STRENGTHS IN DIVERSITY
Project Cargo
Logistics Value Chain
B2
BB
2C
C2
C
Logistics
Infrastructure
Transportation
& Distribution
Warehouse &
Yard Management
Last Mile
Transportation
Port & Terminal
Railway
General Goods
Dangerous & Chemical Goods
Automotive
Cold Chain
Record & Information
Fulfillment Center
Relocation Self-Storage
Art SpaceCold Chain
Express
7
Diversity
Across
CUSTOMER
SEGMENTS
Diversity Across VALUE CHAIN
Diversity Across INDUSTRIES
E-Commerce
Logistics
AGENDA
2
Situation
Updates
4
8
3
Company Overview
1 5Strategic
Direction/Strategy
Project
UpdatesFinancial Performance
Latest economic developments
Domestic spending, especially in the services sector, had been affected by
the third wave outbreak. Meanwhile, exports and production expanded continuously.
9Source: Bank of Thailand Resources and Estimation / Ministry of Commerce, Thailand
Bank of Thailand GDP Reforecast
3.2%3.9% 4.1%
2.4%
-6.1%
1.8%
3.9%
2016 2017 2018 2019 2020* 2021E 2022E
Reforecast Period
Economic Recovery Estimation
*Outturn , E Estimation
18,819.46 19,376.68
19,706.57
21,429.27
23,699.43
Treading Economics
Thailand Exports
Exports from Thailand jumped 43.82 percent YoY to USD 23.70 billion in
June 2021, beating above market expectations of a 38.98 percent growth
and after a 41.59 percent gain a month earlier. This was the fastest rise in
outbound shipments in eleven years, amid strengthening foreign demand
in the wake of coronavirus infections. Sales of vehicle and auto parts
jumped 78.5% YoY. while those of computers and parts gained 21.6%.
Exports rose to the US (41%), China (42%), Japan (32%), and the EU (47%).
In the first half of the year, shipments grew by 15.53% from the same
period of 2020.
Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021
Unit: Billion USD
The economy would expand at a slower pace due to more prolonged and
severe outbreak situation, and would still face significant downside risks
from virus mutations.
Impacts of a prolonged outbreak and virus mutations
• Reduce vaccine efficacy and delay herd immunity attainment
• Impacts on domestic confidence and the possibility of entering
into a public health crisis could adversely affect domestic spending
• Delayed reopening plan to admit foreign tourists
Q2 Situation Update and Outlook: During Q2/2021, the Company had good revenue
growth amid the covid-19 situation.
10
Performance Outlook
Y2019 Y2020 Y2021F Y2022F Y2023F
Yearly OutlookYearly OutlookQuarterly Outlook
Actual Performance Forecasted Performance
Q2/2021 Performance Outlook
Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21
Seasonal Drop
& COVID-19
Seasonal Drop
& COVID-19
The mainly resulted from the recovery and improvement
of dangerous goods supply chain situation. Furthermore,
there was a positive impact from the global shipping
container shortage where the company had increasing
revenue from the storage during the quarter
Cold chain business had additional capacity of the new
cold storage (Building 9 in Mahachai), which utilizes the
automated storage and retrieval system (ASRS). The
occupancy rate of Building 9 reached 90% in Q2/2021
The significant revenue increased mainly resulted in
recognition the revenue of VNS Transport Co., Ltd., In
addition, the significant revenue increased recovery
volume of dangerous goods and automotive and parts
transportation
The rapid recovery of automotive industry, enabling the
company to resume suspended projects from many
customers during this quarter.
AGENDA
3
Strategic Direction/
Strategy
4
11
Company Overview
1 5Project
UpdatesFinancial Performance
2Situation
Update
Net Profit Growth
12
JWD 5 YEARS BUSINESS ROADMAP
5 YEARS GROWTHExpected
PerformanceRevenue Growth
10
Billion
Existing Business New S-Curve
To Become Top Diversified Logistics Business in Asia:
15%
1. ACQUIRE &
SCALE UP
Group
Transport
2. BUILD &
SCALE UP
Cold Chain
Regional Hub
3. REGIONAL
EXPANSION
Vietnam,
Cambodia,
Indonesia
4. GROW B2C
SEGMENT
E-commerce
Business
Model
Expansion
5. ENTER
NEW SECTOR
THROUGH JV
Property
Solutions
13
JWD 5 YEARS BUSINESS ROADMAP : EXISTING BUSINESS
ACQUIRE & SCALE UP GROUP TRANSPORT
To Serve Multimodal Transport Across All Platforms
BUILD COLD CHAIN REGIONAL HUB
To Tap With Strong Demand Growth From Regional
urbanization
REGIONAL EXPANSION
Continue Invest & Expand Business Focusing On
Vietnam, Cambodia & Indonesia
Sea & Rail Land Transport Service
CURRENT FUTURE
INDUSTRIAL SECTOR
FUTURE
DISTRIBUTION CENTER
KEY BUSINESS PLAN
Work more closely for future
collaboration
Expand business into new
sectors namely chemicals and
automotive
VIETNAM CAMBODIA
KEY BUSINESS PLAN
Provide fully integrated logistics
services to double size the
business in 5 years.
Dry & cold storage
Nationwide distribution &
express delivery
INDONESIA
KEY BUSINESS PLAN
Scale up business of cold
chain service through
M&A
Expand business into new
sectors namely chemicals
and automotive
• Samutsakorn
• Suwintawong
• Bangna K.M.19
14
JWD 5 YEARS BUSINESS ROADMAP : NEW S-CURVE
GROW B2C SEGMENT
E-COMMERCE BUSINESS MODEL
EXPANSION
ENTER NEW SECTOR
THROUGH JV
PROPERTY SOLUTIONS
LAST MILE DELIVERY
ORDER FULFILLMENT
SELF-STORAGE
Domestic Expansion
-No. 1 in Thailand-
-Service area 30,000
Sq.m.-
Regional Platform
Largest self-storage
operator in Asia
Order Fulfillment for
General Goods
Order Fulfillment for
Temperature
Controlled Goods
Last Mile Delivery for
General Goods
Last Mile Delivery for
Temperature
Controlled Goods
FOCUS ON SOPHISTICATED SECTORS
Chemical & Dangerous goods
Cold Chain
Automotive
Order fulfillment
LED BY TECHNOLOGY &
INTELLIGENCE SOFTWARE
FOR SOLUTIONS
MANAGEMENT
SCOPE OF SERVICES
Logistics Park
Industrial Estate
Automated Factory
Urbanized Properties & Solution
REIT
ALPHA INDUSTRAIL SOLUTION
Logistics & Industrial Properties Developer
AGENDA
4
Project
Updates
15
Company Overview
1 53Strategic
Direction/StrategyFinancial Performance
2Situation
Update
PROJECTS UPDATE OVERVIEW
Warehouse Operation Updates
ASRS warehouse : Datasafe / Cold
Storage B.9 operation updates
PACM project on progress
Order Fulfillment Center
New Cold Storage : Saraburi
Acquisitions & New Investment
New Acquisition : Smilesun (ESCO)
On going Projects
JWD x ORI (Alpha Industrial Solution)
Logistics infrastructure business update
ASRS Warehouse : DataSafe
WAREHOUSE OPERATION UPDATES : ASRS WAREHOUSES
36%
Started Operation
Jan.2021
Occupancy Rate
Storage Capacity
4,955 Sq.m
Location
90%Suwinthawong
Started Operation
Occupancy Rate
Storage Capacity
Location
Mar.2021
Mahachai
12,000 Pallet
ASRS Warehouse : Cold Storage B9
OR
WAREHOUSE OPERATION UPDATES : PACM COLD STORAGE / ORDER FULFILLMENT CENTER
Expected completion
Q3/2021
CAPEX
Storage Capacity
10,800 Sq.m
500 MB.
Storage Capacity Expected completion
CAPEX
Q4/2021
Project Progress
PACM Cold Storage
56 MB.
Project Progress
5,920 Sq.m
Order Fulfillment Center, Sam wa
32% 90%
OR
WAREHOUSE OPERATION UPDATES : NEW COLD STORAGE - SARABURI
Expected completion
Oct.2022
CAPEX
Storage Capacity
380 MB.
8,000 Sq.m
New Cold storage - Saraburi
REGIONAL DISTRIBUTION CENTER WITH NATIONWIDE COVERAGE
FUTURE
INDUSTRIAL SECTOR
Khon Kaen
Saraburi
Songkhla
Project Pipeline 2021-2023
Target Locations
CURRENT
Mahachai
Suwintawong
Bangna K.M.19
FUTURE
DISTRIBUTION CENTER
Chiang Mai
Phitsanulok
Phuket
Start construction
Sep.2021
20
NEW ACQUISTIONS : ESCO
JWD splurged on a major investment this year by buying up to
20-percent effective shares in Eastern Sea Laem Chabang
Terminal or ESCO, a key container terminal operator at the Laem
Chabang Deep-Sea Port in Chonburi Province and an inland
container depot (ICD) service provider at Ladkrabang. JWD’s
share acquisition will result in JWD becoming a business partner
of PSA, who manages and operates Singapore’s world-class
transshipment hub, as PSA is also a shareholder in ESCO.
The operator of international container
terminals at three locations within Laem
Chabang Deep-Sea Port,
namely,
(1) ESCO (B3)
(2) LCB1 (B1) terminal
(3) LCMT (A0) terminal
The ports were handling around 2 million
TEUs of containers, amounting to about 20
percent of the total containers that were
processed through Laem Chabang Deep-
Sea Port in the past year.
An inland container depot (ICD) service
provider at Ladkrabang to handle
containers for various shipping lines
that are not located close to Laem
Chabang Port, to help reduce lead time
and transportation cost.
The revenue is derived from the
operation of the container yard, import
and export warehouses along with
customs clearance services, as well as
the furbishment and transportation of
containers through land and rail.
ESCO SERVICES
EASTERN SEA LAEM CHABANG TERMINAL CO LTD (ESCO)
21
ESCO SERVICES : TERMINAL & INLAND CONTAINER DEPOT (ICD)
CAPACITY
TERMINAL AREALOCATION
Terminal A0, B1
and B3 in Laem
Chabang Port
2.2 Million TEUs
490,000 Sq.m
TOTAL BERTH
ESCO in Laem Chabang Port ESCO in Lat Krabang ICD
LOCATION
MAXIMUM STORAGE
Lat Krabang
TERMINAL AREA
97,000 Sq.m
CONTAINER YARD
72,000 Sq.m6,700 TEUs4 Berths
JWD ESCO KEY BUSINESS SYNERGY
Integrated
multimodal and
other logistics
service
offerings,
covering both
ESCO Terminal
& ICD
Joint opportunity
in mutually
strategic
investment
projects i.e.
logistics park,
international
logistics hub, etc.
Multimodal operation
collaboration to
improve productivity
and cost optimization
i.e. container
movement planning,
equipment
sharing/collaboration,
M&R optimization,
etc.
Joint opportunity
in both Port &
Logistics
expansion in
overseas i.e.
Vietnam,
Indonesia, etc.
PSA network
leverage in other
key countries to
expand new
business in
future
JWD GROUP INFRASTRUCTURE BUSINESS
Barge Terminal :Terminal A , Laem Chabang Port
ICD, Ho Chi Minh
Mipec Port, Hai Phong Terminal A0, B1 and B3, Laem Chabang Port
ICD, Lat Krabang
The investment in ESCO will serve as an extension of our international freight port operations in Laem Chabang. With our stake in
Transimex, a major logistics provider from Vietnam, incoming international shipping port service business will empower us to provide
multimodal transportation services, connect a wide range of freight services, including by land, rail, water, and increase the opportunity to
expand our customer base from container port service and Lat Krabang ICD service to provide a full range of logistics services.
Rail yard Management / Bokseng Dry Port
24
ESCO OPERATION PERFORMANCE & FINANCIAL
OPERATION PERFORMANCE PAST & PROJECTION FINANCIAL
565
459
305349
400459
1,015
1,097
924979
1,0361,097
855
785
715737 761
785
199 209 216 209 209 209
2018A 2019A 2020A 2021E 2022E 2023E
THROUGHPUT ('000 TEUs) UNIT : MILLION THB
1,548.9
1,265.2
876.1
1,201.1
1,352.6
1,542.0 1,589.4
1,619.2
2018A Y2019A 2020A 2021E 2022E 2023E 2024E 2025E
The investment is in accordance with the 5-year strategic plan in acquisition and scaling up of JWD Transport – to increase its
capability to more effectively provide multimodal transportation logistics that will have connectivity with various modes of
transportation such as road, rail and sea and to expand the customer base from the international container terminal and the ICD at
Ladkrabang for the use of the Company’s integrated logistics services.
ON GOING PROJECTS : JWD x ORI (ALPHA INDUSTRAIL SOLUTION)
Sq.m
550 MB.
20,000
Storage CapacityLocation
CAPEX Project Progress
FIRST PROJECT
Bangna
Km.22
Multi-temperature cold storage &
Temperature controlled warehouse
Sq.m
3%
ALPHA INDUSTRAIL SOLUTION
Logistics & Industrial Properties Developer
• Temperature from +15c to +30c
• Floor area: 15,000 sq.m.
• ASRS: 4,512 pallets
Multi-Temperature Cold Storage
• Temperature from -20c to +4c
• Floor area: 5,000 sq.m.
• ASRS: 4,872 pallets
Temperature Controlled Warehouse
ON GOING PROJECTS : LOGISTICS INFRASTRUCTURE BUSINESS UPDATE
428 688
27,792
31,835
39,143
45,593 46,000 46,000
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21F Q4-21F
18,921 18,829
13,49114,820 14,661
12,080
18,000 18,000
1,000
3,000
5,000
7,000
9,000
11,000
13,000
15,000
17,000
19,000
21,000
Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21F Q4-21F
AGENDA
29
Company Overview
1 43Strategic
Direction/Strategy
Project
Updates
2Situation
Update
5
Financial
Performance
OVERALL FINANCIAL HIGHLIGHTS
30
GPM
NPM
Revenue from
rental and
rendering of
service
Unit: THB Million
Other income
SG&A
347.4(YTD21) MB
313.9 MB (YTD21)
10.7%
Net Core Profit*
256.3(YTD21) MB
81.0%
141.6 MB (YTD20)
Total Revenue
*Remark: Net Core Profit refers to Net Profit attribute to owners of the company
Finance Cost
99.5(YTD21) MB
99.6 MB (YTD20)
0.1%
3,565.7
3,857.6
2,303.1
873.6 1,049.8
1,253.3
94.5
64.9
47.4
13.7 18.7 28.6
78.6
3,660.2
3,922.4
2,429.1
887.3
1,147.1 1,281.9
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
78.6
Extra items
9.9%7.4%
10.6%
28.0%
24.9% 25.3%24.5%
25.7% 25.0%
5.4%
12.3%9.0%
Overview of Financial Information
31
JWD
Financial
Tracking
Logistics
& Supply
Chain
Food Supply
Chain
1
2
1.1.A
General Goods
1.1.B
Dangerous Goods
1.1.C
Automotive
7.7%
11.5%
9.5%
1.1.E
Cold Storage
Warehouse & Yard
Management
Transport & Distribution
Relocation
Self Storage
Logistics Infrastructure
1.1
1.2
1.3
1.4
1.5
1.1.D
Document Storage
2.3%
46.8%
15.8%
2.5%
2.6%
74.3%
22.8%
Other
Business
32.9%
15.8%
Overseas Business
2.9%
3.7%
1.3
1.6
Operating Revenue Breakdown by Business Structure
32
Operating Revenue Breakdown by Business Structure
Operating Revenue from Logistics Business Unit by Service
Logistics &
Supply Chain
Food Service
Warehouse & Yard
Management and
Document StorageOther business
Transportation &
Distribution
Relocation
Logistics Infrastructure
Self Storage & Art
Space
Unit: THB Million
Unit: THB Million
494.5576.1 599.3
• As a result, the Company has increased revenue mainly due to warehouse and yard management especially chemical & dangerous goods, automotive and cold storage.
• Transportation has increased revenue from increasing service volume in dangerous goods, controlled-temperature chilled and freeze product, cross border and car carrier. Also, this mainly
resulted of the revenue from VNS Transport Co., Ltd., which is the main transportation service.
• Logistics infrastructure has increased revenue from increasing service volume at the Barge Terminal.
• Self storage and art space has increased mainly due to the increasing in revenue of Art space services from selling art pictures and increased demand in self- storage service following the
growth of E- commerce business.
YOY
81.7% 73.6%
75.7%
73.6%75.2%
76.0%
17.6%26.0%
23.8%
26.1%
24.5%
23.3%
0.7%
0.4%
0.5%
0.3%
0.3%
0.7%
3,565.7
3,857.6
2,303.1
873.6
1,049.8 1,253.3
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
YoY +43.5%
QoQ +19.4%
6.6
12.3
31.9
12.3
32.3 34.0 33.9
38.3
47.1
0.0 0.0
37.6
Q2/20 Q1/21 Q2/21
95.3130.0
202.7
Overseas Business
96.7%
99.3%
97.3%
102.1%97.3%
97.4%
4.3%
4.8%
5.6%
2.9%
5.0%6.0%
-1.0% -4.1% -2.9% -5.0% -2.4% -3.4%
997.9
911.0
561.3
200.7
262.0299.4
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Gross Profit by Business Structure
Gross Profit & Gross Profit Margin Breakdown
Gross Profit Margin of Logistics by Services
YoY +49.2%
QoQ +14.3 %
Warehouse &
Yard Management
Transportation &
Distribution
Relocation
Logistics
Infrastructure
33
Unit: THB Million Unit: THB Million
-20.4%
14.6%32.9%
0.0%
0.0%
23.1%
Q2/20 Q1/21 Q2/21
Self Storage &
Art Space
Logistics &
Supply Chain
Food Service
Other
• Gross profit has increased YoY mainly due to the higher revenue and better cost
control from some especially chemical & dangerous goods , automotive, cold
storage, transportation and logistics and infrastructure.
YoY
36.7%37.8% 38.3%
17.1%
25.9%
22.8%
14.6%
21.7%
24.2%
18.8%
14.5%
11.6%
Overseas Business
Warehouse & Yard Management Services Overview
34
Warehouse & Yard Management Revenue Breakdown
Unit: %
Warehouse & Yard Management Gross Profit Margin Breakdown
Cold Storage
Document Storage
General Goods
Dangerous Goods
Automotive
Unit: THB Million, %
• Revenue from warehouse and yard management increased mainly due to rise in revenue of dangerous goods, automotive and cold storage warehouse as a result of the improvement of
export and import activities.
YoY
38.9%
15.9%9.3%
10.7%
34.5%
37.0%
45.4% 45.0%
46.6%
29.3%
44.9%
46.0%
48.2%
45.7%
44.9%
Q2/20 Q1/21 Q2/21
General Goods
Automotive
Cold Storage
Dangerous Goods
Document Storage
5% 6%
5%6% 5% 5%
30% 36%
34%
40% 34% 34%
22%
18%
20%
12%20% 20%
26%21%
24%
20%23% 2%
16% 18%
17%
22%17%
16%
2,124.4 2,114.4
1,175.4
494.5576.1 599.3
Y2019 Y2020 YTD21 Column1 Q2/20 Q1/21 Q2/21
35
127.3 145.8 147.4
95.6%89.3% 91.9%
Q2/20 Q1/21 Q2/21
Area Occupancy Rate
343.4
391.0
198.6
107.3 100.5 98.1 70.9
101.2
25.1 41.7 16.0 9.1
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
20.6% 25.9%12.6%
38.9%15.9% 9.3%
GPM
556.8
452.2
283.0
99.0 135.3 147.7
251.0
181.0 128.7
29.0 60.7 68.0
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
GPM
Unit: THB Million
Unit: THB Million
Unit: ‘000 Sq.m.
Unit: TEU*
TEU*= Twenty-Equivalent Unit
YoY +23.3%
QoQ +3.5%
36,331
43,263 44,784
Q2/20 Q1/21 Q2/21
A. Warehouse & Yard Management: General Goods
Revenue & Gross Profit Area & Occupancy Rate
B. Warehouse & Yard Management: Dangerous Goods Terminal and Chemical
Revenue & Gross Profit Dangerous Goods Yard Throughput
Revenue from dangerous goods terminal and
chemical increased due to:
The recovery and improvement of dangerous
goods supply chain situation. Furthermore,
there was the situation of global shipping
container shortage where the shipping lines
have to set a faster delivery time for
containers. Therefore, the volume of
dangerous goods throughput had been at a
higher level than before the pandemic
situation as well.
Gross Profit from general goods decreased
due to:
the decreased revenue from storage while
increasing in operating cost of value added
service and also the commencement of
operation of JWD Navanakorn project, where
the Company had recognized an initial
operation setup cost. However, the Company
expects that the operating cost from the
project will be improve, while operations in
other facilities were consistently well-perform
YoY
Explanation
YoY
Explanation
OR
Warehouse & Yard Management Services Drivers
45.1% 40.0% 45.5%29.3%
44.9% 46.0%
36
395.3 392.6392.6
658.4 658.4 658.4
1,053.7 1,051.1 1,051.1
Q2/20 Q1/21 Q2/21
Yard Area On-site Area
464.9
387.8
238.6
60.4 117.4 121.2
162.1
101.0 85.3
6.540.5 44.8
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
34.9% 26.0% 35.8%10.7%
34.5% 37.0%
GPM
Unit: THB Million Unit: ‘000 Sq.m.
D. Warehouse & Yard Management: Document Storage
C. Warehouse & Yard Management: Automotive
Revenue & Gross Profit Area & Occupancy Rate
Revenue from automotive increased due to:
• the rapid recovery of automotive industry,
along with the company had the new
contracts with customers.
YoY
Explanation
OR
Warehouse & Yard Management Services Drivers (Cont’d)
112.0 117.2
58.7
28.4 29.1 29.6
51.6 57.3
26.513.7 13.3 13.3
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
46.1% 48.9% 45.1% 48.2% 45.7% 44.9%
GPM
Unit: No. of CartonUnit: THB Million
985,466
1,021,990
1,038,248
Q2/20 Q1/21 Q2/21
No. of Carton Explanation
Revenue from document storage increased
due to:
• Rise in number of cartons by 5.4% from
Q2/2020
YoY:
Revenue Portion
YoY +5.4%
QoQ +1.2%
Revenue & Gross Profit
Storage
YardTransport
41%28%
31%
On Site
Service
53.3%65.4% 70.1%
37
79.179.1 79.1
77.9%74.2%
80.2%
Q2/20 Q1/21 Q2/21
Area Occupancy Rate
647.3
766.2
396.5
199.4 193.8 202.7 271.2
332.5
181.6
90.5 87.1 94.4
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
41.9% 43.4% 45.8% 45.4% 45.0% 46.6%
GPM
Unit: THB Million Unit: ‘000 Sq.m.
E. Warehouse & Yard Management: Cold Storage
Revenue & Gross Profit Area & Occupancy Rate
Revenue from cold storage increased due to:
an increasing trend of storage and service
volume from poultry and seafood products,
especially shrimp and tuna in Samut Sakhon
location where there was an increased market
demand due to the COVID-19 pandemic
YoY
Explanation
Warehouse & Yard Management Services Drivers (Cont’d)
37
Q2-2021 Proportion of Products
SeafoodMulti
Type
Vegetable
&Fruits
Poultry&
Meat
42%
22%
10%
26%
430.5 398.8
250.8
86.3 119.7 131.1
60.7
60.7
30.6
36.6
9.0
10.3
10.9
461.1
435.4
332.7
95.3
130.0
202.7
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
21.2
Unit: No. of Trips
Transportation & Distribution Services Drivers
38
43,867
47,533
48,913
Q2/20 Q1/21 Q2/21
GPM
1,570
1,957 1,987
Q2/20 Q1/21 Q2/21
Unit: THB Million Unit: No. of TripsYoY +11.5%
QoQ +2.9%
13.9% 16.2% 12.7%18.8%
14.5% 11.6%YoY +26.6%
QoQ +1.0%
1.2 Transportation and Distribution Business
Revenue
1.2 Transportation and Distribution Business (Domestic)
No. of Trips
1.2 Transportation and Distribution Business (Cross border)
No. of Trips
Revenue from transportation and distribution
increased due to:
• from recognition the revenue of VNS
Transport Co., Ltd., which has the core
business is the transportation service. In
addition, the significant revenue increased
of volume of dangerous goods and
automotive and parts transportation,
following the recovery of the dangerous
goods and automotive industry.
YoY:
Revenue from cross border transportation and
distribution increased due to:
• Majority of revenue were attributed to JWD
Asia Cambodia instead while overall trips
and revenue significantly increased
YoY:
Explanation
Explanation
Cross Border
Domestic
Milk run*
Gross Profit
64.0 70.4
42.4
17.9 18.9 23.4
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
* Milk run = Revenue from VNS
39
212.2187.2
80.3
49.8 41.437.6
48.7 49.8
20.9 13.7 10.6 8.7
0.0
50.0
100.0
150.0
200.0
250.0
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
23.0% 26.6% 26.1% 27.4% 25.6% 23.1%
1.3 Overseas Business
Revenue & Gross Profit Explanation
Note:
Overseas Business
• The Company started recognition the
revenue of JWD Asia logistics (Cambodia)
since Q2/2021 after acquired of 10%
additional shares in EMLOG Logistics &
Warehouse Pte Ltd. (EMLOG) from 50% to
be 60% resulting that EMLOG is an indirect
subsidiary of JWD (Registered on 22
March 2021).
Occupancy Rate
1,504 1,504 1,504
2,035 2,035
3,539 3,539 3,539
Q2/20 Q1/21 Q2/21
General WH Cold Storage
2,035
81.4% 75.6% 79.9%
Unit: Sq.m.
OR
1,150 1,150 1,943
3,395 3,395 3,395
3,384 3,3843,384
960 960 960 1,743 1,743
2,400 2,400
8,889
10,632 13,825
Q2/20 Q1/21 Q2/21
SKT SAM TRM RAM RAMA9 PK
Unit: THB Million
Unit: THB Million
GPM
Relocation & Self Storage Drivers
40
GPM
16.2
32.6
44.2
12.3 12.3
31.9
-7.6 -3.1
12.3
-1.3
1.8
10.5
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
Unit: No. of Jobs
45.7%45.9%
49.7%
Unit: Sq.m.
Occ.
Rate
1,007 1,198
922
Q2/20 Q1/21 Q2/21
-47.2%-9.5%
27.8%
-20.4%14.6%
32.9%
YoY -8.4%
QoQ -23.0%
1.4 Relocation
Revenue & Gross Profit No. of Jobs
1.5 Self Storage
Revenue & Gross Profit Area & Occupancy Rate
Revenue from relocation increased due to:
• Increasing revenue due to the household
moving service
Revenue from self storage increased due to:
the increasing in revenue of art space
services from selling art pictures and
increased demand in self- storage service
following the growth of E- commerce
business.
Explanation
Explanation
YoY:
YoY:
269.4
181.3
85.4
33.9 38.3 47.1
88.7
41.9 19.7
5.0 8.3 11.4
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
32.9%23.1% 23.1%
14.6%21.7% 24.2%
628.8
1,001.3
549.0
228.2 257.1 291.9
42.7 43.9 31.3 5.8 13.2
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
6.8%4.4%
5.7%
2.5%5.1% 6.2%
GPM
Logistics Infrastructure & Food Supply Chain Drivers
41
41.5
76.4
66.3
12.3
32.3 34.0
12.9
22.516.2
2.1 8.4 7.8
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Revenue Gross Profit
31.1% 29.5% 24.4%17.1%
25.9% 22.8%GPM
Unit: THB Million
Unit: THB Million Unit: THB Million
Unit: No. of Trips
18,787 14,661 12,080
45,593 19,475
53,804 57,673
Q2/20 Q1/21 Q2/21
Rail Yard Barge Terminal
39,143
YoY +196.1%
QoQ +7.2%
6.8%4.6% 5.7%
GPM
1.5 Logistics Infrastructure
Revenue & Gross Profit No. of Trips
2. Food Supply Chain
Revenue & Gross Profit CSLF Past Performance
Revenue from logistics infrastructure
increased due to:
mostly contributed from the consistently
increased volume of Barge terminal since the
start of its operation.
Revenue from food supply chain increased
due to:
the additional sales volume of cut vegetable,
frozen food and hotpot ingredients. The food
service business was benefited from higher
demand caused by the pandemic situation.
Explanation
YoY:
Explanation
YoY:
624.3
999.2
549.0
42.5 46.2 31.3
Y2019 Y2020 YTD21
Revenue Gross Profit
688
Equity Income from Affiliates
42
Equity Income
CompanyPerformance*
Siam JWD
(42.5%)
CJ JWD
(49.0%)
PPSP
(14.6%)
Bokseng
(40.0%)
JWD Asia Cambodia(50.0%)
JVK Cambodia
(50.0%)
Samudera JWD
(48.7%)
Adib Cold Logistics
(32.6%)
Unit: THB Million
Country
Thailand
Cambodia
Indonesia
Explanation
YoY: Equity Income decreased by
THB 1.0 million
YoY: Equity Income decreased by THB
10.9 million or 576.6% due to the
pandemic lock down condition in
Cambodia , causing PPSP unable to
sell its land to foreign investors.
Transimex
(24.23%)Vietnam
YoY: Equity Income decreased by THB
0.9 million or 3.2%
YoY: Equity Income decreased by
THB 5.2 million
OtherYoY: Equity Income slightly increased
by THB 0.4 million
Not that: the equity income from investment in associates and joint ventures decreased by 24.9 million or 44.0% due the equity income decreased from loss from liquidation business
in Laos of Baht 11.3 MB which is an extra item incurred in Q1/2021. and the pandemic lock down condition in Cambodia, causing PPSP unable to sell its land to foreign investors.
* Chart does not fit to scale
52.9
103.6
58.2
28.1
31.0 27.2
67.5
19.4
-20.2
1.9
-11.2 -9.0
0.8 2.5 0.5
1.2 0.4 0.1
-0.1 -1.5
0.3
-0.3 0.1 0.1
-8.2 -7.0 -7.2
0.7 -2.6 -4.6
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Vietnam Cambodia Thailand Other Indonesia
451.6
428.3
179.4
113.5
92.3 87.1
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
125.9
140.4
52.4
9.1
28.424.0
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Overseas Revenue and Gross Profit from Logistics Under JWD Operation
43
Revenue from Logistics Under JWD Operation Gross Profit from Logistics Under JWD Operation
GPM
• Overseas revenue and gross profit from logistic business under JWD operations were a contribution of financial performance from Bok Seng, JWD Asia Logistics (Cambodia) Co.,
Ltd , JWD Asia, JWD Asia Logistics (Myanmar), Adib Cold Logistics (ACL), Samudera JWD Logistics (SJL), and Datasafe (Cambodia), which are all mainly operated by JWD
• The revenue decreased due to the of the COVID -19 pandemic and lock down condition in Cambodia and Indonesia caused import and export.
Unit: THB Million Unit: THB Million
27.9%32.8%
29.2%
8.0%
30.7% 27.5%
Operating Expenses and Finance Costs
44
SG&A and Finance Cost
SG&A
YTD21
SG&A increase due to:
• Increasing in variable expenses associated with revenue and profit growth. The company
still maintained effective operating cost control with cost to total revenue ratio at 14.3%.
• The company had SG&A from extra items of Baht 8.8 million from loss from liquidation
business in Laos and allowance for doubtful expense.
Tax expense higher due to:
• The company had deferred tax of Baht 14.6 million from extra items and allowance for
doubtful expense.
Finance
Cost
SG&A Breakdown
Employee
Others
DepreciationConsult
Travelling
Unit: THB MillionUnit: THB Million
Selling expense
68% 68%63%
14% 14%
16%
5% 7%7%
7% 7% 10%2% 2% 1%2% 3% 3%163.6
170.6 176.8
Q2/20 Q1/21 Q2/21
699.6643.9
338.6
163.6 161.9 176.8
108.5190.9
99.5
48.4 47.252.3
8.8
808.1 834.8
446.9
212.0 217.9 229.1
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
8.8
Tax Expense
1.6 12.1 12.7
Q2/20 Q1/21 Q2/21
Tax Expense
Extra items
26.7
14.6
362.8
290.0
203.3
48.1
96.8 106.5
53.0
44.09.0
362.8
290.0
256.3
48.1
140.8
115.5
Y2019 Y2020 YTD21 Q2/20 Q1/21 Q2/21
Net Core Profit & Net Core Profit Margin
45
9.9%
7.4%
10.5%
5.4%
12.3%
9.0%
NPM
Net Core Profit
Unit: THB Million
Net Core Profit & Net Core Profit Margin*
*Net Core Profit refers to Net Profit attribute to owners of the Company
**Net Core Profit include Gain on sale of assets to trust
Net Core Profit
Margin
YoY+3.6%
QoQ
-3.3%
Net Core Profit
YoY
+140.1%
QoQ
-18.0%
• The Company had net profit from extra items of Baht 9.0 million and net profit attributable to owners of the Company (before extra items) for
Q2/2021, of Baht 106.5 million, net profit margin (before extra items) was 8.3% which increased by Baht 58.4 million, or 121.4 %
YoY
Extra items
Statement of Financial Position
46
3,987.0 4,231.0
3,130.9 3,620.9
573.0
542.2 1,782.8
2,295.0 9,473.7
10,689.1
21%
5%
31 Dec 20 30 Jun 21
33%
6%
42%
19%Current Assets
Investment properties
Property, Plant and
Equipment
Other Non Current Assets
34%
40% 3,251.6 3,484.7
1,593.71,614.6
2,217.1
2,876.0
2,411.3
2,713.8
9,473.7
10,689.1
31 Dec 20 30 Jun 21
34%
25%
23%
18%
Shareholder‘s Equity
Long-Term Loans
Current Liabilities
Other Non-Current Liabilities
33%
25%
27%
15%
Statement of Financial Position
(Million Baht, %)Total Assets (Million Baht, %)Total Liabilities and Equity
• Total Assets increased mainly due to the increase in Cash and cash
equivalents, trade and other receivables, other non-current financial
assets , investments in associates and joint ventures and property, plant
and equipment.
• Total Liabilities increased mainly due to the increasing of debentures of Baht
700.0 million in Q1/2021.
Total Assets Total Liabilities
Total Equity
• Total Equity increased mainly due to the recognition of retained earnings and
non-controlling interests.
Key Financial Ratio
47
Debt to Equity Ratio (Times)Interest Bearing Debt to Equity (Times) Net Debt to EBITDA (Times)
Debt portion from TFRS16
Ratios excluded TFRS16
1.10x 1.13x1.27x
0.51x0.47x
Y2019 Y2020 Q2/21
1.74x1.64x
1.10x
1.39x1.40x
1.60x
0.51x
0.47x
Y2019 Y2020 Q2/21
2.07x
1.39x
4.31x
3.22x 3.46x
1.44x 1.22x
Y2019 Y2020 Q2/21
4.68x4.66x4.31x
1.91x
-732.1
+376.3
Cash at 1 January Operating Activities Investing Activities Financing Activities Impact from foreignexchange
Cash at 31 December
815.0
+552.4
Cash Flow Statement
48
Unit: THB Million
Cash Flow Statement (2021)
Cash and Cash
Equivalents at January 1,
2021
Cash flow from
Operating
Activities
Cash flow from
Investing
Activities
Cash flow from
Financing
Activities
Impact of foreign
exchange rates
Cash and Cash
Equivalents at June
30, 2021
• Cash Flow from Operating Activities as at June 30, 2021 was THB 552.4 million increased by Baht 3.4 million due to theresult of better business performance as well as the
cash received from changes in Trade and other receivables.
• Cash Flow from Investing Activities as at June 30, 2021 was THB (732.1) million increased by Baht 369.6 million from the same period of previous year due to the cash used in
purchasing in subsidiaries, purchase of long-term investments and investments in property, plant and equipment
• Cash Flow from Financing Activities as at June 30,2021 was THB 376.3 million increased by Baht 924.7 million due tothe cash received from the increasing in share capital of
investment in subsidiaries, the cash received from the long-term borrowings from financial institutions and the repayment of bank overdrafts and short-term borrowings from
financial institutions .
+205.6
Net Increase / (Decrease) in Cash
and Cash Equivalents
1,020.6
+9.0
49
Q&A
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attending this presentation, you are agreeing to be bound by the restrictions setout below. Any failure to comply with these restrictions may constitute a violation of
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such documents are provided without express consent from the Company and its respective affiliates or advisors.
Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is
subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company
and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates
make any representation or warranty (express or implied) regarding, nor assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions
in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in
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In addition, this presentation contains financial information and result of operation, and may contain certain projections, plans, strategies, and objectives of the Company, that
are not statements of historical fact which would be treated as forward looking statements that reflect the Company’s current views with respect to future events and financial
performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and
contingencies as well as various risks and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to
place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be
given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward-looking statements are not guarantees of
future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the
Company in the forward looking statements.
In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document
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Disclaimer
50