forth overview · pdf file119 m. mobile subscribers ... dpr financial highlight dividend...

FORTH Overview

Financial Performance

Revenue Target for 2016

FORTH Direction

Agenda

Forth Corporation Public Company Limited (FORTH) was established in 1989 under the name of "Genius Communication System Company Limited" which has registered capital amounting to Baht 1 million. The company purposed to research, develop and manufacture Private Branch Exchange (PBX) under the trademark of FORTH, Printed Circuit Board Assembly (PCBA) and electronic equipments manufacturing. Then, the company made capital rising and be listed in the Stock Exchange of Thailand in 2005. Nowadays, the company has registered capital amounting to Baht 480 million and 4 business units which are Electronics Manufacturing Service business, telecommunication business, technology related business and Retail business (Top-up Kiosks).

FORTH CORPORATION PUBLIC CO., LTD.

1) 12 SMT lines

2) 2 Manual Factory Insertion lines

3) Final Assembly line

• 16,000 square metersNakorn-Pratom Province

• Production Capacity :6,000 Million points/year

• Over 1,000 staffs

Production Lines

FORTH Factory

Research & Development Center

FORTH’s Products

FORTH’s Business units

Forth’s business has divided into 4 business units

1

2

4

3

Electronics Manufacturing Service (EMS)1.1 Electronics components distributor (Trading)1.2 Turnkey and consign (Factory)

Telecom business2.1 Telecom solution2.2 Telecom products

Technology related business3.1 Traffic system (Traffic light, CCTV)3.2 Enterprise Resource Planning (ERP)3.3 LED lighting

Retail business4.1 Domestic Top-up kiosk (Boonterm)4.2 Oversea Top-up kiosk

3.4 Electric meter3.5 Tracking system (GPS)

1. EMS business unit

1. EMS business unit

2. Telecom business unit

3. Technology related business unit

Technology related3. Technology related business unit

4. Retail business

4. Retail business

4.1 Domestic retail business

4.2 Oversea retail business

Population

102 Million

3,000 Kiosks119 M. Mobile Subscribers

(95% are prepaid users)

As the end of 2015

Population

260 Million

342 M. Mobile Subscribers

(98% are prepaid users)

As the end of 2015

Subsidiary100%

Source: www.worldometers.infowww.gsmaintelligence.com

Customer reference

FORTH Overview

Financial Performance

Revenue Target for 2016

FORTH Direction

Agenda

Financial Highlight

4,4714,277

5,021

3,6043,794

2013 2014 2015 9M15 9M16

- 4%

+ 17%

+ 5%

2013 2014 2015 9M15 9M16

Unit: Million ฿

Total Revenue from core business

Financial Highlight

1,038

258

1,202

338

1,519

460

1095

336

1,071

291

Gross Profit Net Profit

2013 2014 2015 9M15 9M16

+ 16%

+ 31% - 13%

- 2%

Unit: Million ฿

Gross Profit and Net Profit

+ 26%

+ 36%

Financial Highlight

23%

6%

28%

8%

30%

9%

30%

9%

28%

8%

Gross Profit Margin Net Profit Margin

2013 2014 2015 9M15 9M16

Gross Profit Margin and Net Profit Margin

Revenue Proportion by Business Unit

Financial Highlight

EMS26%Telecom

14%Tech. Related28%

Retail32%

EMS36%

Telecom12%

Tech. Related34%

Retail18%

20152013

EMS30%

Telecom21%

Tech. Related

23%

Retail26%

2014

EMS30%

Telecom6%

Tech. Related22%

Retail42%

9M16

1,628

515

1,525

803

1,266

918990

1,104

1,318

727

1,388

1,588

956

594

929

1,125 1,133

228

824

1,609

1. EMS 2. Telecom 3. Tech. Related 4. Retail

2013 2014 2015 9M15 9M16

Financial Highlight

Revenue by Business Unit Unit: Million ฿

1. EMS Revenue

596

315

717

0

545

721

0

525

793

0

415541

0

441

692

Western Digital Factory Electronic Source

2013 2014 2015 9M15 9M16

Financial Highlight

1,6281,2661,318

956 1,133

1. EMS Revenue

Unit: Million ฿

2. Telecom Revenue

515

917

727

594

228

Projects

2013 2014 2015 9M15 9M16

Financial Highlight

515

917727

594

228

2. Telecom Revenue

Unit: Million ฿

3. Tech. Related Revenue

1,291

203

31

505 445

40

976

358

54

303188

24

384

13721

GTS&JV ERP Others

2013 2014 2015 9M15 9M16

Financial Highlight

1,525

9901,388

929 824

3. Tech. Releated Revenue

Unit: Million ฿

4. Retail Revenue

7,386

10,550

15,386

10,888

16,007

Top-up Value (Mil. Baht)

2013 2014 2015 9M15 9M16

Financial Highlight

8031,104

1,588 1,125

1,609

4. Retail Revenue

Unit: Million ฿

32,69242,859

65,867 61,076

85,656

No. of kiosks (Kiosks)

Financial Highlight

Gross profit margin by Business Unit

14%

29%25%

33%

22% 23%

37%

31%

21%

29%

37%32%

21% 23%

42%

33%

23%29% 28%

32%

1. EMS 2. Telecom 3. Tech. Related 4. Retail

2013 2014 2015 9M15 9M16

1,259 1,746 2,163 2,698

3,377

4,577 3,8113,607

2013 2014 2015 9M16

Total Cur. Assets

Total Non-Cur. Assets

Total assets 4,636

Million ฿

Total assets 6,323

Million ฿

Total assets 5,974

Million ฿

Total assets 6,344

Million ฿

Total Assets & Capital structure

Financial Highlight

1,704 2,295 2,506 2,487 255

358 283 445 2,677

3,670 3,185 3,373

2013 2014 2015 9M16

Total Equity

Total Non-Cur. Liabilities

Total Cur. Liabilities

D/E1.7

times

D/E1.8

times

D/E1.4

times

D/E1.5

times

Financial Highlight

Earnings Per Share (EPS) and Dividend Per Share (DPS)

Baht per share

0.27

0.35

0.48

0.24

0.270.3

0.32

0.17

2013 2014 2015 1H16

EPS

DPS

100%

86%

67%71%

0%

20%

40%

60%

80%

100%

2013 2014 2015 1H16

DPR

Financial Highlight

Dividend Payout Ratio (DPR)

F O R T H 's m i n i m u m p a y o u t r a t i o

NOTE: Dividend Payout Ratio = Dividend Per Share / Earnings Per Share from Consolidated Account

Financial Highlight

Dividend yield

NOTE: Dividend yield = Dividend Per Share / Average price* on its year

4.6%5.0%

4.6%4.4%

2013 2014 2015 1H16*

Dividendyield

FORTH Overview

Financial Performance

Revenue Target for 2016

FORTH Direction

Agenda

4,277

5,021

5,800

2014 (Actual) 2015 (Actual) 2016 (Target)

Total Revenue from core business

Revenue Target for 2016

Unit: Million ฿

1,266

918 9901,104

1,318

727

1,3881,588

1,350

900

1,450

2,100

1,133

228

824

1,609

1. EMS 2. Telecom 3. Tech. Related 4. Retail

2014 (Actual) 2015 (Actual) 2016 (Target) 2016 (YTD)

Revenue by Business Unit

Unit: Million ฿

Revenue Target for 2016

FORTH Overview

Financial Performance

Revenue Target for 2016

FORTH Direction

Agenda

FORTH’s Direction

Vending Machine

Electric Car Charger

Vending machine

Vending machine

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

Number of units sold (Cans) Sales (Thousand Baht)

Vending Business Performance

101122156

228254

298

385

448497

530568

Dec-1

5

Jan

-16

Feb

-16

Ma

r-16

Apr-

16

Ma

y-1

6

Jun

-16

Jul-

16

Aug-1

6

Sep-1

6

Oct-

16

Number of kiosks

FORTH’s Direction

Vending Machine

Electric Car Charger

Electric Car Charger

Electric Car Charger

Q & A

Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are "forward-looking statements" within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made.

FORTH undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. FORTH makes no representation whatsoever about the opinion or statements of any analyst or other third party. FORTH does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement.

FORTH Investor Relations

www.forth.co.thinvestor@forth.co.th

Disclaimers