THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Q2/2020 Operation Result Meeting
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED The completely integrated manufacturer of world class automotive lighting
Apichart Lee-issaranukul
November 2, 2020
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Agenda
1. Market Trend – 2020 (July – September) 2. The 2nd Quarterly 2020 Financial Statement 3. New Product
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
238 206
171
261
0
100
200
300
400
500
600
700
800
2019 2020
Domestic Export
4W Market Sale 2020 ( July – September )
Domestic & Export
Market Trend
X 1,000 unit Compare with 2019
377
Source: The Federation of Thai Industries
499
- 35%
-14%
- 24%
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
4W (Motorcar) Market Sale (Domestic & Export)
(April 2019 – September 2020)
86 88 86 81 81 79 8972 68 60
30 4058 59 69 77
7572
6595
90
2030
50 5057
64
7776
67
95 9882 82 98 86
0
50
100
150
200
250
300
Apr-
19
May-
19
Jun-
19
Jul-19 Aug-
19
Sep-
19
Oct-
19
Nov-
19
Dec-
19
Jan-
20
Feb-
20
Mar-
20
Apr-
20
May-
20
Jun-
20
Jul-20 Aug-
20
Sep-
20
Domestic ExportX 1,000 unit
153 163
174 163 163
184 183
163 150 154
161
137
Market Trend
Source: The Federation of Thai Industries
50
126
141
70
108 109
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Market Trend
X 1,000 unit
4W Production (July – September 2020)
507
357
0
100
200
300
400
500
600
700
800
2019 2020
2019 2020
Compare with 2019
Source: The Federation of Thai Industries
- 30%
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Market Trend
X 1,000 unit
4W (Motorcar) Production ( By Month ) (April 2019 – September 2020)
150181 172 171 166 169 154
134156 151 147
2556
7289
117150153
0
50
100
150
200
250
300
Apr-
19
May-
19
Jun-
19
Jul-19 Aug-
19
Sep-
19
Oct-
19
Nov-
19
Dec-
19
Jan-
20
Feb-
20
Mar-
20
Apr-
20
May-
20
Jun-
20
Jul-20 Aug-
20
Sep-
20
Source: The Federation of Thai Industries
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Market Trend
X 1,000 unit
2W Sales - Domestic (July – September 2020)
413433
0
100
200
300
400
500
600
700
2019 2020
2019 2020
Source: The Federation of Thai Industries
Compare with 2019
- 4%
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Market Trend
X 1,000 unit
2W (Motorcycle) Sale ( By Month ) April 2019 – June 2020
120
161 150 149 150135 135
114
145 139 147
7997
125137 143 133142
0
50
100
150
200
250
Apr-
19
May-
19
Jun-
19
Jul-19 Aug-
19
Sep-
19
Oct-
19
Nov-
19
Dec-
19
Jan-
20
Feb-
20
Mar-
20
Apr-
20
May-
20
Jun-
20
Jul-20 Aug-
20
Sep-
20
Source: The Federation of Thai Industries
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Market Trend
X 1,000 unit
2W Production (July – September 2020)
481432
0
100
200
300
400
500
600
700
2019 2020
2019 2020
Compare with 2019
Source: The Federation of Thai Industries
- 10%
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Market Trend
X 1,000 unit
2W (Motorcycle) Production ( By Month ) April 2019 – September 2020
135
170 158 156 156169 172
158 163 162 152
64 67 76
119138
175161
0
50
100
150
200
250
300
Apr-
19
May-
19
Jun-
19
Jul-19 Aug-
19
Sep-
19
Oct-
19
Nov-
19
Dec-
19
Jan-
20
Feb-
20
Mar-
20
Apr-
20
May-
20
Jun-
20
Jul-20 Aug-
20
Sep-
20
Source: The Federation of Thai Industries
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Unit : MB
Analysis by Quarterly
3,419
4,087
3,7063,939
1,719
2,532
254
599
334462
602
-184
-500
500
1500
2500
3500
4500
Q1/2019 Q2/2019 Q3/2019 Q4/2019 Q1/2020 Q2/2020
-500
500
1500
2500
Sales Net Profit
The Equity Method
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Agenda
1. Market Trend – 2020 (July – September) 2. The 2nd Quarterly 2020 Financial Statement 3. New Product
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Statement of Financial Position
30 September 2020 Change
(MB)
31 March 2020
(MB) (%)
The Equity Method
Current Assets 6,228.78 7,990.14 (22.04)
Non Current Asset 13,709.03 12,379.79 10.74
Total Assets 19,937.81 20,369.93 (2.12)
Current Liabilities 1,393.51 2,469.90 (43.58)
Non Current Liabilities 825.66 578.22 42.79
Total Liabilities 2,219.17 3,048.11 (27.20)
Shareholders’ Equity 17,718.64 17,321.82 2.29
Total Liabilities and
Shareholders’ Equity 19,937.81 20,369.93 (2.12)
The 2nd Quarterly 2020 Financial Statement
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Statement of Income
30 September 2020
Change
(MB)
30 September 2019
(MB) (%)
The Equity Method
Sales 2,531.97 4,086.56 (38.04)
Cost of sales 2,231.60 3,335.92 (33.10)
Gross Profit 300.36 750.65 (59.99)
Selling and Administrative
expenses
175.89 243.49 (27.76)
Other Income 80.33 132.39 (39.32)
Share of profit from investments
in associates
61.12 67.64 (9.64)
Profit before income tax 265.92 707.18 (62.40)
Net profit for the period
254.16 599.48 (57.60)
The 2nd Quarterly 2020 Financial Statement
The Three Month Period
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Statement of Income
30 September 2020 Change
(MB)
30 September 2019
(MB) (%)
The Equity Method
The Six Month Period 1st Half 2019 1st Half 2020
The 2nd Quarterly 2020 Financial Statement
Sales 4,250.61 7,505.24 (43.36)
Cost of sales 4,024.70 6,228.90 (35.39)
Gross Profit 225.91 1,276.33 (82.30)
Selling and Administrative
expenses
336.94 489.15 (31.12)
Other Income 101.89 186.16 (45.27)
Share of profit from investments
in associates
81.27 147.12 (44.76)
Profit before income tax 72.13 1,120.47 (93.56)
Net profit for the period
70.11 933.53 (92.49)
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Statement of Cash Flows
30 September 2020
(MB)
30 September 2019
(MB)
The Equity Method
Net Cash received from Operating Activities 1,115.08 1,095.17
Net Cash used in Investing Activities (1,038.44) (885.70)
Net Cash used in Financing Activities (632.16) (631.62)
Net increase (decrease) cash / Cash equivalents (555.52) (422.15)
Cash / Cash equivalents at
beginning of the period
3,177.44 1,672.00
Effects of Exchange rate changes 3.88 (1.00)
Cash / Cash equivalents at
end of the period
2,625.80 1,248.85
The 2nd Quarterly 2020 Financial Statement
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Agenda
1. Market Trend – 2020 (July – September) 2. The 2nd Quarterly 2020 Financial Statement 3. New Product
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
New Products ISUZU – All new MU - X
Rear Combination Lamp
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
New Products HONDA – All new Super Cup
Head Lamp
Tail Lamp
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Disclaimer
This slides contain statements that constitute forward-looking statements, plans for the Future, management targets, etc. relating to the Company and its subsidiaries. These forward-looking statements are base on current assumptions of future events and trends , which may be incorrect and are subject to risks and uncertainties. Actual result may differ materially from those in such forward-looking statements as a result of various factors. Unless otherwise noted, the financial data contained in these materials are presented under Thai Accounting Standards (TAS). The company disclaims any obligation to update or to announce any revision to forward-looking statements to reflect future events or developments. Information concerning financial institutions other than the company and its subsidiaries are base on publicly available information. These materials do not constitute an invitation or solicitation of an offer to subscribe for or purchase any securities and neither this document nor anything contained herein shall form the basis for any contract or commitment whatsoever.
THAI STANLEY ELECTRIC PUBLIC COMPANY LIMITED
Contact Investor Relations
Download : The presentation files at www.thaistanley.com/Investor Relations/Analyst Meeting Presentation For further questions, please contact : Ms.Rattanaporn Boonwong : Investor Relations Tel : 662-581-5462-3 (10 lines) ext. 1164 Fax: 662-581-5397 E-mail : [email protected]