q3 2017 earnings presentation...confidential overall performance q3 2017 and 9m 2017 6 overall...
TRANSCRIPT
CONFIDENTIAL AND PROPRIETARY
Any use of this material without specific permission of Big C Supercenter PCL is strictly prohibited
Q3 2017
Earnings Presentation
24th November 2017
Confidential
Disclaimer
2
The following presentation may contain forward looking statements by the management of Berli
Jucker Public Company Limited (“BJC”), relating to financial or other trends for future periods,
compared to the results for previous periods.
Some of the statements contained in this presentation that are not historical facts are
statements of future expectations with respect to the financial conditions, results of operations
and businesses, and related plans and objectives. Forward looking information is based on
management’s current views and assumptions including, but not limited to, prevailing economic
and market conditions. These statements involve known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially from those in the
statements as originally made. Such statements are not, and should not be constructed as a
representation as to future performance of BJC. In particular, such targets should not be
regarded as a forecast or projection of future performance of BJC. It should be noted that the
actual performance of BJC may vary significantly from such targets.
Confidential
Agenda
3
▪ Highlights
▪ Overall performance
▪ Performance by Supply Chain
▪ Operations update
Confidential
3Q and 9M 2017 Highlights
4
Financial performance
Delivered a strong third quarter results.
Solid performance across supply chains.
Strong SSSG recovery driving double-digit sales growth at Modern trade
supply chain.
Robust recurring net income growth.
Operations
Packaging Supply Chain: SB4 furnace commercialized on 25th October 2017.
Consumer Supply Chain: Food and Non-Food continued delivering strong
performance after various successful product launches during the first half of the
year.
Completed successful acquisition of Vina Paper on 22nd September 2017.
Modern Retail Supply Chain: Store expansion speed ramped-up with opening of 3
hypermarket and 61 Mini Big C stores.
HIGHLIGHTS
Confidential
Agenda
5
▪ Highlights
▪ Overall performance
▪ Performance by Supply Chain
▪ Operations update
Confidential
Overall Performance Q3 2017 and 9M 2017
6
OVERALL PERFORMANCE
• On September 12th, 2017, the BJC Group completed its tender offer to purchase all the remaining shares of theBig C at the price of THB 225.00 per share, acquiring additional 15,789,939 shares or 1.91% of total shares
• This increased BJC Group’s holding to 99.85% of Big C
1,606 1,387
526
1,387
Q3 2016 Q3 2017
Net profit Normalized net profit
33,481 37,067
Q3 2016 Q3 2017
88,685 109,851
9M 2016 9M 2017
Q3 2017 Net Profit (MB)Q3 2017 Sales (MB)
Q3 2017
Highlights
9M 2017 Sales (MB)
23.9% YoY
9M 2017 Net Profit (MB)
2,269
3,348
1,448
3,348
9M 2016 9M 2017
9M 2017
Highlights
10.7% YoY
47.6% YoYNet profit
131.2% YoYNorm. Net profit
Norm. Net profit
Net profit 13.6% YoY
163.7% YoY
Confidential
Q3 2017 Normalized Net Profit of THB 1,387 million, an increase of THB 861 million or 131.2% YoY
• PSC’s net profit increased by THB 3 MN. The flattish net profit growth was mainly due to the increase energy cost, and lower net profit from glass manufacturing in Malaysia and Vietnam.
• CSC’s net profit increased THB 72 MN. Net profit increase came from both Food and Non-Food businesses due to higher sales and lower raw material costs.
• H&TSC’s net profit increased THB 6 MN due to higher sales from both pharmaceutical and galvanized steel structure businesses.
• MSC’s net profit increased by THB 278 MN due to strong revenue growth and good margin performance across the line.
• Interest expenses declined due to debt repayment and refinancing
THB MN
Q3 2017 vs. Q3 2016 – Supply Chain Performance (Recurring)
7
OVERALL PERFORMANCE
526 526 529 601 607
885
1,387
3 72 6
278
502
PSC CSC H&TSC OthersMSC
33,481
37,067 171 324 79
3,097
(85)
7
Q3 2017 Sales of THB 37,067 million, an increase of THB 3,586 million or 10.7% YoY
• PSC’s sales improved by THB 171 MN due to higher sales in aluminum can business especially from the energy drink segment.
• CSC’s sales increased by THB 324 MN. This increase was driven by strong sales performance on Food and Non-Food segments.
• H&TSC’s sales increased by THB 79 MN due to higher sales from pharmaceutical business from Wang Prom herbal products, and galvanized steel structure business.
• MSC‘s sales increased by THB 3,097 MN driven by strong same-store-sales growth of +9.2% and new store openings.
Q3 2016 Q3 2017
THB MN
+10.7% YoY
+131.2% YoY
PSC CSC H&TSC OthersMSC
PSC: Packaging Supply Chain, CSC: Consumer Supply Chain, H&TSC: Health Care and Technical Supply Chain, MSC: Modern Retail Supply Chain
Q3 2016 Q3 2017
Confidential
PSC’s net profit decreased by THB 69 MN due to lower sales in glass business and lower net profit from glass manufacturing in Malaysia and Vietnam.
CSC’s net profit increased THB 118 MN, driven by higher sales and lower raw material costs in Food and Non-Food businesses.
H&TSC’s net profit increased THB 116 MN due to higher sales from both H&TSC businesses as well lower SG&A expenses.
MSC’s net profit increased THB 1,242 MN due to full consolidation of Big C’s results into BJC’s financial statements.
Interest expenses declined due to debt repayment and
refinancing.
9M 2017 vs. 9M 2016 – Supply Chain Performance (Recurring)
OVERALL PERFORMANCE
8
88,685
109,851
178 425 316
20,611
(364)
1,448 1,379 1,379 1,497 1,613
2,855 3,348
(69) 118 116
1,242
493
PSC CSC H&TSC OthersMSC
9M 2017 Normalized Net Profit was THB 3,348 million, an increase of THB 1,900 million or 131.2% YoY
THB MN
THB MN
PSC CSC H&TSC OthersMSC
9M 2017 Sales were THB 109,851 million, an increase of THB 21,166 million or 23.9% YoY
PSC: Packaging Supply Chain, CSC: Consumer Supply Chain, H&TSC: Health Care and Technical Supply Chain, MSC: Modern Retail Supply Chain
9M 20179M 2016
9M 2016 9M 2017
+23.9% YoY
+131.2% YoY
• PSC’s sales increased by THB 178 MN due to higher sales in aluminum can business especially from the energy drink segment.
• CSC’s sales increased by THB 425 MN especially from food and non-food businesses.
• H&TSC’s sales increased by THB 316 MN due to higher sales from both H&TSC businesses.
• MSC‘s sales increased by THB 20,611 MN due to full consolidation of Big C’s results into BJC’s financial statements together with strong sales growth in Q3 2017.
Confidential
PSC
13%
CSC
11%
H & TSC
5%Others
0%
MSC
70%
PSC
24%CSC
6%
H & TSC
5%
MSC
65%
PSC
24%
CSC
7%
H & TSC
5%
MSC
64%
Performance breakdown
9
OVERALL PERFORMANCE
Q3 2017 9M 2017Sales Breakdown Sales Breakdown
EBITDA Breakdown EBITDA Breakdown
PSC
13%
CSC
12%
H & TSC
5%
Others
0%
MSC
70%
PSC: Packaging Supply Chain, CSC: Consumer Supply Chain, H&TSC: Health Care and Technical Supply Chain, MSC: Modern Retail Supply Chain
Confidential
BJC completed 97.94% Big C acquisition on 11th May 2016,
BJC did tender offer to purchased all the remaining share of Big C at the price of THB 225.00 per share, acquiring additional 15,789,939 shares or 1.91% of total shares on 12nd September 2017
BJC Group’s holding to 99.85% of Big C
150,142 155,956
122,000
150,142
5,814 612
33,344
BJC Q2 2017 Net Debt Change in short term and long term loans Change in cash BJC Q3 2017 Net Debt
Financing Structure – Net Debt and Deleveraging Components
THB MM
Net Interest Baring Debt to Shareholders’ Equity
1.4x1.3x
Capital structure
10
OVERALL PERFORMANCE
155,344
BJC & Big C
remaining debt
Debenture
Confidential
Agenda
11
▪ Highlights
▪ Overall performance
▪ Performance by Supply Chain
▪ Operations update
Confidential
• 9M 2017 sales increased by +1.3 % YoY, and our gross profit margin increased by +103 bps driven by aluminum can business.
• Our EBIT increased by +7.7% YoY, and EBIT margin increased by +55 bps due lower COGS in aluminum can business.
• Our net profit decreased by -4.3% YoY, and net profit margin decreased by -63 bps due to lower sales in glass business and lower net profit from glass manufacturing in Malaysia and Vietnam.
Packaging Supply Chain – Q3 2017 and 9M 2017
12
PERFORMANCE BY SUPPLY CHAIN
GP% 49 bpsSales 3.6%
NP% 36bps NP 0.5%
EBIT% 21 bpsEBIT 5.0%
776 814
2,048 2,205
16.5% 16.8%14.7% 15.6%
Q3 2016 Q3 2017 9M 2016 9M 2017
• Q3 2017 sales reached THB 4,860 MN, up +3.6% YoY due to higher sales in aluminum can business especially from the energy drink segment.
• Our gross profit margin increased by +49 bps YoY, reaching 22.4% for the quarter. This increase was driven by higher sales and lower COGS in aluminum can business.
• Our EBIT reached THB 814 MN, up +5.0% YoY, and our EBIT margin increased by +21bps YoY, reaching 16.8% for the quarter.
• Our net profit reached THB 571 MN, up +0.5% YoY, and our net profit margin decreased by -36 bps YoY, reaching 11.7% for the quarter. This decreased was due to lower sales in glass business and lower net profit from glass manufacturing in Malaysia and Vietnam.
EBIT% 55 bps EBIT 7.7%
NP% 63 bpsNP 4.3%
Q3 2017 Highlights
GP% 103 bpsSales 1.3%
568 571
1,584 1,515
12.1% 11.7% 11.4% 10.7%
Q3 2016 Q3 2017 9M 2016 9M 2017
9M 2017 Highlights
4,689 4,860
13,942 14,120
21.9% 22.4%20.7%
21.8%
Q3 2016 Q32017 9M 20169M 2017
EBIT and EBIT Margin Net Profit and Net Profit Margin Sales and Gross Profit Margin
Confidential
• 9M 2017 sales increased by +3.5% YoY, and our gross profit margin increased by +167 bps, driven by higher sales and decreases in some raw material costs such as palm oil, crude palm oil, fresh potato, hardwood and softwood.
• Our EBIT increased by +26.7% YoY, and EBIT margin increased by +87 bps.
• Our net profit increased by +40.4% YoY, and net profit margin increased by +86 bps due to abovementioned reasons.
Consumer Supply Chain – Q3 2017 and 9M 2017
13
PERFORMANCE BY SUPPLY CHAIN
NP% 86 bpsNP 40.4%
EBIT and EBIT Margin Net Profit and Net Profit Margin
EBIT% 173 bps EBIT 61.0%
EBIT% 87 bps EBIT 26.7%
NP% 153 bps NP 85.0%
141 227
475
601
3.5%
5.3%
3.9%
4.8%
Q3 2016 Q3 2017 9M 2016 9M 2017
86 158
294
412
2.1%
3.7%
2.4%
3.3%
Q3 2016 Q3 2017 9M 2016 9M 2017
• Q3 2017 sales reached THB 4,314 MN, up +8.1% YoY, mainly driven by strong sales performance on food and non-food businesses.
• Our gross profit margin increased by +150 bps YoY, reaching 18.8% for the quarter. This increase was mainly driven by higher sales in food and non-food businesses as well as lower COGS from crude palm oil and crude coconut oil.
• Our EBIT reached THB 227 MN, up +61.0% YoY, and our EBIT margin increased by +173 bps YoY, reaching 5.3% for the quarter.
• Our net profit reached THB 158 MN, up +85.0% YoY, and our net profit margin increased by +153 bps YoY, reaching 3.7% for the quarter, due to abovementioned reasons.
GP% 167 bpsSales 3.5%
Sales and Gross Profit Margin
GP% 150 bpsSales 8.1%
Q3 2017 Highlights 9M 2017 Highlights
3,990 4,314
12,152 12,577
17.3%18.8%
17.0%18.7%
Q3 2016 Q32017 9M 20169M 2017
Confidential
• 9M 2017 sales increased by +6.2% YoY, but our gross profit margin decreased by -54 bps.
• Our EBIT increased by +20.9% YoY, and EBIT margin increased by +125 bps driven by higher sales and lower SG&A-to-sales ratio from both H&TSC businesses.
• Our net profit increased by +33.2% YoY, and net profit margin increased by +170 bps due to higher sales, together with an improvement in gross profit margin from Healthcare Supply Chain.
Healthcare & Technical Supply Chain – Q3 2017 and 9M 2017
14
PERFORMANCE BY SUPPLY CHAIN
157 164
351 467
8.3% 8.3%6.7%
8.4%
Q3 2016 Q32017 9M 2016 9M 2017
201 199
473 571
10.6% 10.0%9.0%
10.3%
Q3 2016 Q32017 9M 2016 9M 2017
1,901 1,980
5,239 5,565
32.4%30.3%
31.9% 31.4%
Q3 2016 Q32017 9M 2016 9M 2017
EBIT% 53 bps EBIT 1.1%
NP% 2 bpsNP 4.3%
GP% 54 bpsSales 6.2%
EBIT% 125bpsEBIT 20.9%
• Q3 2017 sales reached THB 1,980 MN, up +4.1% YoY, due to higher sales pharmaceutical business from Wang Prom herbal products, and galvanized steel structure business.
• Our gross profit margin decreased by -208 bps YoY, reaching 30.3% for the quarter due to gross profit margin decreases at pharmaceutical and galvanized steel structure businesses.
• Our EBIT reached THB 199 MN, down -1.1% YoY, and our EBIT margin decreased by +53 bps YoY, reaching 10.0% for the quarter.
• Our net profit reached THB 164 MN, increase of +4.3% YoY, and our net profit margin increased by +2 bps YoY, reaching 8.3% for the quarter.
NP% 170 bpsNP 33.2%
GP% 208 bpsSales 4.1%
Q3 2017 Highlights 9M 2017 Highlights
EBIT and EBIT Margin Net Profit and Net Profit Margin Sales and Gross Profit Margin
Confidential
Net Profit and Net Profit Margin EBIT and EBIT MarginSales and Gross Profit Margin
• 9M 2017 sales increased by 36.5% YoY, and our gross profit margin increased by +57bps, this was driven by strategic shift of focus to quality of sales, coupled with strong sales growth in Q3 2017.
• Our EBIT increased by +23.5% YoY, but EBIT margin declined by -76bps due to increased COGS expenses.
• Our net profit increased by +42.2% YoY, and net profit margin increased by +22 bps.
Modern Retail Supply Chain – Q3 2017 and 9M 2017
15
PERFORMANCE BY SUPPLY CHAIN
EBIT% 29 bps EBIT 17.8%
1,757 2,070
4,519 5,580
7.7%8.0% 8.0%
7.2%
Q3 2016 Q32017 9M 2016 9M 2017
NP% 39 bpsNP 21.5%
22,708 25,805
56,475
77,086
17.8% 17.7%
15.9%16.5%
Q3 2016 Q32017 9M 20169M 2017
GP% 57bps Sales 36.5%
GP% 15 bps Sales 13.6%
EBIT% 76 bpsEBIT 23.5%
• Q3 2017 sales reached THB 25,805 MN, up +13.6% YoY, driven by strong same-store-sales growth of +9.2% and new store openings.
• Our gross profit margin decreased by -15 bps YoY, reaching 17.7%, comparing to gross profit margin at 17.8% last year.
• Our EBIT reached THB 2,070 MN, up +17.8% YoY, and our EBIT margin increased by +29 bps YoY, reaching 8.0% for the quarter. This increase was driven by higher retail sales, other income and improvement of efficiency.
• Our net profit reached THB 1,575 MN, up +21.5% YoY, and our net profit margin increased by +39 bps YoY, reaching 6.1% for the quarter, due to abovementioned reasons and lower interest expenses.
NP% 22 bpsNP 42.2%
1,297 1,575
2,945
4,187
5.7%6.1%
5.2% 5.4%
Q3 2016 Q32017 9M 2016 9M 2017
Q3 2017 Highlights 9M 2017 Highlights
Confidential
Agenda
16
▪ Highlights
▪ Overall performance
▪ Performance by Supply Chain
▪ Operations update
Confidential
PSC – Update
17
OPERATIONS UPDATE
Glass
Packaging
Construction work of SB4 furnace completed on schedule
Furnace was opened on 6th of October 2017 and
full operations started on 25th of October 2017.
Capacity: 300 tons / day furnace
Increasing our total capacity in Thailand to
3,035 tons / day.
Construction work of SB5 furnace progressing on
schedule
Targeted to be commercialized in Q3 2018
Confidential
CSC – Non-Food update
OPERATIONS UPDATE
18
Vina Paper Acquisition
On September 22nd 2017, BJC completed an acquisition
of Vina Paper Company Limited:
– Number 3 tissue manufacturer in Vietnam.
– Manufacturing various tissue paper (facial paper, toilet
paper, kitchen paper) under E’mos brand.
Acquisition rational:
– To further strengthen BJC’s position in Vietnamese tissue
paper market.
– Vina Paper’s massmarket E’mos brand
complementing BJC’s premium Cellox brand.
– Lowering BJC’s production cost for Cellox tissue
paper.
– Reduced distribution costs.
Vina Paper in figures:
– Acquisition price: THB 482.7 million.
– Capacity: 16,000 tons / year.
– Market share 13%
Confidential
MSC – SSSG and Margin trend improvement continues
19
Big C’s total sale like-for-like performance, recurring gross profit and EBIT margins, percentage
Rebasing Same-Store Sales Growth (SSSG) and improving margins due to strategic change
-2.9% -4.0%
-22.6% -22.3%-20.0%
-15.2%
9.2%13.2% 14.4%
17.8%14.1%
16.1%15.6%
17.7%
Q1 2016 Q2 2016 Q3 2016 Q4 2016¹ Q1 2017 Q2 2017 Q3 2017
1 Q4 2016 Excluding one-off items: GP -74 million baht.
Strong SSSG recovery driven by increased B2B sales, and strong Fresh Food and Home Line performance during Q3 2017.
Confidential
MSC – B2B Sales
OPERATIONS UPDATE
Business-to-Business sales
Since discontinuing unprofitable B2B sales practices in mid-
2016, we have been working to develop profitable way in
continuing serving B2B customers.
Mainly targeting corporate customers, and HoReCa
customers.
We have developed E-Campaign tool to recognize B2B
customers:
B2B customers will receive wholesale prices.
We service HoReCa customers through 30 stores with
capacity and capability to sell Fresh Food in bulk.
Preorder and pick-up from store, or have their orders
delivered within 3km – 5km radius.
At the end of September 2017 we had nearly 7,000 active
B2B customers.
Whilst most of the B2B sales are in Dry Food category, we have
B2B sales also in Fresh Food, Homeline, and Hardline
categories.
20
Confidential
MSC – DC update
21
Thanyaburi 2:
– Construction of new Mini Big C distribution center started
in May 2017
– Thanyaburi 2 distribution center:
– Dedicated for Mini Big C format.
– Space of 34,944 sq.m.
– Pick-to-light and voice picking.
– Capacity to handle 1,300 stores.
– Construction work has been slightly delayed as heavy
rains impacted piling work.
– However still on schedule to be opened in early 2018.
Confidential
MSC – Solar Rooftop
22
Reducing electricity expenses by utilizing store
rooftops:
– Increasing electricity price has prompted Big C to
explore alternative energy source.
– Electricity generated from rooftop solar plant can
substitute the high priced electricity from
MEA/PEA during peak hours.
– Solar rooftop supplier builds and operates the
solar plant.
– Big C purchases electricity from solar plant at
discounted rate from MEA/PEA rate.
– Power Purchase Agreement is signed for long
term, after which Big C will operate and receive
full benefit from the system.
– The first solar rooftop systems are targeted to be
completed at 3 sites by the end of 2017.
– We expect to complete additional 13 – 15 sites
by the end of 2018.
OPERATIONS UPDATE
Confidential
MSC - Expanding store footprint and improving existing assets
23
Retail and Rental Area Q3 2017¹
Total space:
c. 1,150,000 sq.m.
Total space:
c.871,000 sq.m.
Expansion
9 Hypermarket stores
1 Big C Market store
200 Mini Big C in combination of owned stores
and franchise stores.
Renovations
4 Extension renovations, 1 Right-sizing
renovations, and 3 Full Renovations.
Store improvement renovations in 42 stores.
Targets for 2017
Q3 2017 Progress
Strong rental income growth continued in
third quarter.
Opened 3 hypermarket (Pathumthani,
Ubonratchathani, and Udonthani), and 61
Mini Big C (including 13 franchise stores).
We completed 3 extension renovations
(Kamphengphet, Phetburi, and Sikhio) and
1 right-sizing renovation (Phetburi).
We have completed 32 store
improvement renovations during 9M 2017
Operations update
1 Including Hypermarket, Big C Market, Mini Big C, and Pure Drugstores
2,503 2,690
7,530 7,970
3Q16 3Q17 9M16 9M17
5.8%
7.4%
Rental Income
(THB Million)
Confidential
MSC – First 3K/4K low-cost model stores opened
24
Operations update
3K Low Cost Model
Opened first two 3K/4K Low Cost Model
stores in
Ban Dung, Udonthani
Retail area: c.3,700 sq.m.
Rental area: c.2,500 sq.m.
Namyuen, Ubonratchathani
Retail area: c.2,600 sq.m.
Rental area: c.1,900 sq.m.
Confidential
Synergies – Update Q3 2017
25
OPERATIONS UPDATE
We are on track of achieving 1/3rd of THB1.7Bn recurring synergies in 2017 and full amount in 2019
Economies of scale through leveraging manufacturing capability
for private brands
Leveraging BJC’s leadership in consumer supply chain and logistics and improving Big C’s current backend infrastructure
• Leverage BJC’s import customs clearances
• Started operations at the new Hardline Hub for BKK and nearby area in the beginning of October
• Consolidation of deliveries from suppliers to be launched in Q4
Potential to increase penetration of private label with BJC products
• Successfully worked together to launch new SKUs (i.e. seasoning, sausages, bakery ingredients) during the past nine months
• Solid new SKUs in pipeline for Q4 launch i.e. hand soap, yoghurt and snacks
IT Synergies between BJC and Big C • All integration projects between BJC’s retail
units and Big C on track for Q4 completion
Utilizing Big C’s superior expertise in retailto improve performance of BJC’s smaller retail banners
• Successfully introduced new experiences in stores by leveraging on BJC’s products i.e. Japanese shelf and Asia Book corners
• Combined key procurements to save cost both at BJC and Big C
Leveraging resources across companies• Successfully delisted BigC • Further integrated back office teams in
merchandising area
Combine purchasing power and optimize retail operations
Fully integrate logistics operations
across entire value chain
Cross-utilize IT and back office infrastructureSynergies:
c.THB1.7Bn
Note
1. Projected annual recurring EBITDA level synergies upon full implementation
Utilize TCC assets to open 8 MBC and market stores which have generated positively to the business
Confidential
Community focus update
26
Volunteer Activities
– On 27th July 2017. BJC, Big C, BJL, BJF, Rubia, TSS
and BJC Cellox arranged a volunteer activities to pay
royal courtesy to His Majesty King Maha Vajiralongkorn
Bodindradebayavarangkun in the occasion of His Majesty
the King’s 65th Birthday celebration.
Alms Giving Ceremony
– On 28th July 2017 at Big C Supercenter Rajdamri Branch.
Khun Charoen and Khunying Wanna Sirivadhanabhakdi,
Khun Aswin and Khun Thapanee Techajareonvikul,
management team, staff from BJC and Big C and local
people join hand offering food to 66 monks at Big C
Supercenter Headquarter to pay royal courtesy to His
Majesty Maha Vajiralongkorn Bodindradebayavarangkun
in the occasion of His Majesty the King’s 65th Birthday
anniversary
Children’s Magazine “Tonfun”
– On September 2017 Children’s Magazine “Tonfun”,
Tonfun arranged special activities inside Big C store for
the pleasure of our customers through stories telling and
other creative activities throughout September 2017
OPERATIONS UPDATE
Confidential
Conclusion
27
Very strong third quarter SSSG recovery at Modern Retail Supply Chain
Hypermarket and Mini Big C expansion plan on track with full year targets
confirmed.
Continued good momentum in synergy teams in Big C and BJC,
with confidence in achieving synergy targets.
Continued solid performance across supply chains, with particularly storing
Consumer Supply Chain and Modern Retail Supply Chain performance.
Confidential
Q&A
28
Berli Jucker Public Company LimitedBerli Jucker House 99 Soi Rubia, Sukhumvit 42 Road, Phrakanong, Klongtoey, Bangkok 10110, THAILAND Website: www.bjc.co.th
IR contactsInvestor Relations DepartmentE-mail: [email protected]: www.bjc.co.th/en/investor-relations/investor-relations.php
1. Rami Piirainen [email protected] +66 2 367 10472. Tanaporn Teachaviwat [email protected] +66 2 367 1189
For more information
Thank You