Annual Report 2021 EN.Indd

ContentsContents Part 1 Part 2 Part 3 Business Structure Corporate Financial and Operation of Governance Statements the Company 23 110 138 Business Structure and Corporate Independent Auditor's Report Operation of the Company Governance Policy and Financial Statements 76 117 Risk Factors for Corporate Governance Structure Business Operation and Important Information about the Board of Directors Attachment Sub-committees, Executives, Employees and others 81 128 207 Business Corporate Attachment 1 Sustainability Governance Report Details of directors, executives with controlling power and company secretary Attachment 2 86 133 Details of directors Management Discussion Internal Control of subsidiaries and Analysis: MD&A and Related Transactions Attachment 3 Details of internal audit supervisor and operation supervisor of 107 the Company and its subsidiaries General Information and other Important Information 2 Annual Report 2020 AppliCAD Public Company Limited Important Financial Information million baht Revenue 600.00 447.85 500.00 441.68 365.43 400.00 285.30 282.56 300.00 251.17 200.00 100.00 9.94 7.99 10.13 - 2018 2019 2020 Sale Revenue Service Revenue Other Revenues million baht Expenses 300.00 269.76 259.34 250.00 206.34 200.00 176.30 160.44 162.47 131.72 150.00 120.96 107.51 106.00 106.16 100.18 100.00 50.00 - 2018 2019 2020 Cost of sales Cost of service Cost of Distribution Cost of Administration million baht Total Revenue 800.00 738.96 734.97 700.00 658.12 600.00 500.00 10.18 400.00 7.84 6.83 300.00 200.00 100.00 - 2018 2019 2020 Total Revenue Net proﬁt margin 3 Important Financial Information (million baht) Operation Performance (million baht) 2018 2019 2020 Sales revenue 477.85 441.68 365.43 Service revenue 251.17 285.30 282.56 Other revenues 9.94 7.99 10.13 Total revenue 738.96 734.97 658.12 Cost of sales 269.76 259.34 206.34 Cost of Service 107.51 120.96 131.72 Cost of distribution 160.44 176.30 162.47 Cost of administration 106.00 106.16 100.18 Total expense 643.70 662.76 600.71 Profit (Loss) before financing expenses and income 95.26 72.21 57.41 taxes Financial cost 0.29 0.01 0.34 Profit (loss) before income tax 94.96 72.20 57.07 Income 19.73 14.59 12.09 Net profit (loss) 75.24 57.63 44.98 Financial Position (million baht) 2018 2019 2020 Total asessts 379.39 615.45 660.44 Total liabilities 286.54 292.02 320.28 Total shareholders' equity 92.86 323.43 340.16 Information per share (baht) 2018 2019 2020 Earnings per share 1.01 0.28 0.16 Dividend 0.15 0.10 0.15 Financial ratios 2018 2019 2020 Gross profit margin - service (%) 43.55 41.28 43.54 Gross profit margin (%) 57.20 57.60 53.38 Net profit margin (%) 48.25 47.69 47.83 Return on equity (%) 10.18 7.84 6.83 Liquidity ratio (time) 115.89 27.58 13.22 Debt to equity ratio (time) 1.09 1.99 1.94 Gross profit margin - service (%) 3.09 0.90 0.94 4 Annual Report 2020 AppliCAD Public Company Limited Message from Chairman of Board of Directors To Shareholders In 2020, AppliCAD Public Company Limited has experienced the challenge of a multi-dimensional transformation under the rapidly spreading of COVID-19 in Thailand and all around the world. It is unable to predict when the crisis would end, inevitably causing difficulties for livelihoods, well-being, society, economy, and business sectors. The Company’s business operations in the past even in the manufacturing sector, which is the main source of the Company’s revenue, has been adversely affected. The Company has monitored and followed the economic situation closely, bringing challenges to adapt to change and the development of the Company's potential. The Board of Directors and all executives of the Company are aware of the need to strictly reduce the impact of this crisis, including the measures to strictly supervise all aspects of the Company’s expenses, as well as finding the new opportunities to expand the business with the good growth and long-term stability while taking care of employees, business partners, customers and society and working with those involved in the defense to overcome this crisis. On behalf of the Board of Directors, Executives, and all employees of the Company, I would like to take this opportunity to address this concern and best wishes to shareholders, business partner, customers society, stakeholders and all supporters of all sectors to encourage everyone to get through this COVID-19 pandemic. Finally, we would like to thank you all for your trust and support for the Company’s operations. We hope that you will continue to support and grow steadily with the Company in order to generate sustainable returns to shareholders. Asst.Prof.Dr. Prasert Kanthamanon Chairman and Independent Director 5 CEO’s Message To Shareholders 2020 is the year we have faced the crisis of the 3. The Company’s state-of-the-art technology and likely new coronavirus (COVID-19) pandemic which has caused a wider global trends such as 3D Printer, 3D Scanner, including impact on every sectors. The core business of AppliCAD Public Digital Twins make the Company as a top choice to assist Company Limited linked to the main industries of the country; customers who want to make the digital transformation production for export, automotive industry, electronic industry which is the trend of the world and Thailand. and construction industry, has been severely impacted in the 4. After the crisis passes, the business market structure second and third quarter which had the main impact to the will be changed from a business structure with highly Company’s performance of 2020 as not good as expected at competitive to a market structure with few competitors, as the beginning of 2020. many businesses may not be able to compete or survive However, despite the crisis of COVID-19 we are such crisis. As a result, there is a decline in business facing, the customer has postponed the purchase order. The competitors. Company is able to well perform to some extent. When we look 5. The Company's cash flow arising from being listed forward to 2021 and the next 3 years, I am confident that the company in the Stock Exchange of Thailand and the Company and its subsidiaries will be able to return to excellent performance still has high liquidity which is able to use performance and grow strongly with the following factors; cash to invest in various strategic plans effectively. 1. Economic conditions after the crisis of COVID-19, if it 6. The expansion of investment in products and services to begins to recover, it should be growing in the direction of other products in 2021 will continue through the in-house quite good to very good. R&D and including the acquisition of the necessary 2. Change of production process with the introduction of technology or in-line with the Company's strategy, which automated technology to replace human labor, including is a long-term plan for sustainable growth. the use of software and hardware in the development of For the investment in 2021, the Company has made the manufacturing process. The Company's solutions can the partial investment in the purchase of machinery and some respond well to the country's changing trends. equipment with caution due to the bad economic situation. In 2021, we are believing that after the vaccine has been released and the return of consumer confidence in the second half of the year, we are able to seriously invest again as well as travel abroad, especially to Indonesia, where one of our subsidiaries locates and the country with a very high economic growth rate in ASEAN, as well as access to new opportunities in other ASEAN countries at the end of 2021 or at the beginning of 2022. Finally, as a responsible person of the management team of AppliCAD Public Company Limited is confident and believe that the Company will be able to generate the good performance in 2021 and in the following years and generate good returns for all stakeholders. Sincerely Yours, Mr. Prapas Tangadulrat Director and CEO 6 Annual Report 2020 AppliCAD Public Company Limited Board of Directors of AppliCAD Public Company Limited Asst.Prof.Dr. Prasert Kanthamanon Mr. Prapas Tangadulrat Chairman and Independent Director Director and CEO Mr. Somsak Worraraksa Miss Thitiporn Chartaisong Director and Executive Director of AEC Director and CFO Business Department 7 Mr. Prakit Laobooncharoen Dr. Sunee Sornchaitanasuk Director Chairman of Audit Committee and Independent Director Mr. Thanin Pornsiritivet Mr. Jeerawat Kulsapudom Audit Committee and Independent Director Audit Committee and Independent Director 8 Annual Report 2020 AppliCAD Public Company Limited Board and Management profile Asst. Prof. Dr. Prasert Kanthamanon Position: Chairman of the Board of Directors and Independent Director Age: 58 years old Date of Being a Director of the Company • 25 December 2012 Shareholding in the Company (%) • 0.032 Meeting attendance • Board of directors 7/7 times Education • Ph.D. Computer Engineering, School of Computer Science and Engineering, University of New South Wales, Australia • Bachelor of Engineering (Electrical Engineering), King Mongkut's University of Technology Thonburi Completed Program from Thai Institute of Directors (IOD) • Directors Certification Program (DCP), Class 151/2018 Working Experiences 2012 – Present Chairman of the Board of Directors and Independent Director, AppliCAD Public Company Limited 2019 - Present Vice Chairman, Innovation Development Foundation, King Mongkut's University of Technology Thonburi 2015 - Present Director, Nawawiwat Company Limited 2015 - 2019 Director, Innovation Development Foundation, King Mongkut's University of Technology Thonburi 2010 - Present Senior Vice Rector for Administrative Affairs and Chief Information Officer, King Mongkut's University of Technology Thonburi 9 Mr.

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