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TKN OPPORTUNITY DAY Quarter 4 /18 Taokaenoi Food & Marketing Public Company Limited PRESENTATION AGENDA Company Overview Financial Performance Business Outlook Q&A TKN STOCK OVERVIEW Key Information : • Registered Capital 345 Mil Baht (1,380 Mil Share) Dividend B / Share Payment Date • Issued & Paid Up Capital 345 Mil Baht (1,380 Mil Share) • SET Index SET 100 12M /2019 0.15 May 8, 2020 • CGR 2017 6M /2019 0.11 Sep 11, 2019 • Dividend Policy : 40% of Net Profit (Separate FS) FY '19 : 84% of Net Profit (Separate FS) 12M /2018 0.17 May 8, 2019 6M /2018 0.17 Sep 6, 2018 As of Feb 27, 2020 • Major Shareholders Peeradechapan group 58.26 % 12M /2017 0.17 May 4, 2018 Free Float 41.74 % 6M /2017 0.17 Sep 13, 2017 • Market Cap 11,868 Mil B (@ 8. baht/share) TAOKAENOI FOOD & MARKETING PLC. 3 COMPANY HISTORY Insert some short and brief lorem ipsum explanatory text about @tle here 5.7 BILLION BAHT IN REVENUE 3.5 BILLION BAHT IN REVENUE 2.1 BILLION BAHT IN REVENUE 1.0 BILLION BAHT IN REVENUE 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 • Export sales to • Moved to • The Billionaire, • 1st Trading day in • Start operation 2nd Singapore via Thai Nopawong factory, movie based on Stock Exchange of factory at Rojana, Export channel Pathumthani true story Thailand Ayutthaya TAOKAENOI FOOD & MARKETING PLC. 4 OUR BOARD OF DIRECTOR Yuth Chaiyong Itthipat Jirapong Worachattarn Rattanacharoensiri Peeradechapan Suntipiromkul Chairman / Independent Director / Director / Director / Independent Director NRC Chairman Chief Executive Officer Deputy Managing Director Wanee Somboon Orrapat Porntera Tassanamontien Prasitjutrakul Peeradechapan Rongkasiripan Independent Director / Director & Director / Director / AC Chairman Executive Director Managing Director Internal Audit Director TAOKAENOI FOOD & MARKETING PLC. 5 OUR MANAGEMENT Itthipat Peeradechapan Nutchatpong Peeradechapan Prayut Apisitsareeku Koosoon Rattanaporn Chief Executive Officer / Managing Director : Chief Strategy & Commercial Acting Founder Business Support Officer Chief Financial Officer Orrapat Peeradechapan Jirapong Suntipiromkul Prin Pitchayavijit Managing Director : Deputy Managing Director Chief People Officer International Trade & Management TAOKAENOI FOOD & MARKETING PLC. 6 PRESENTATION AGENDA Company Overview Financial Performance Business Outlook Q&A FINANCIAL HIGHLIGHTS Highlights FY 2019 FY 2018 %YOY Net Sales Mil B 5,267 5,427 (3%) • Sales Growth -3% (Q4/19 +1%) Net Profit Mil B 366 459 (20%) • Thailand +4% (New Categories) % 7.0% 8.5% (2%) • Export -1% (China sales drop) • Sales Portion TH 42% : IM 58% EPS Baht 0.27 0.33 Net Profit FY 2019 FY 2018 %YOY Q1 Mil B 81 152 (46%) • Q4/19 Net profit growth YOY mainly from Q2 Mil B 98 154 (36%) seaweed cost and utilization rate • Loss impact from impairment of assets Q3 Mil B 69 129 (47%) (production line in USA and TKN Land) 30 Mil B Q4 Mil B 118 25 377% TAOKAENOI FOOD & MARKETING PLC. 8 SALES BY QUARTER unit : Mil Baht YR 2017 YR 2018 YR 2019 2000 1,454 1500 1,438 1,402 1,417 1,337 1,283 1,287 1,280 1,302 1,268 Mainly drop from China 936 908 905 900 1,158 845 -4% YOY, +31% QOQ 1,094 803 750 748 780 719 707 1000 660 500 Partially drop from Tourist 501 537 546 497 532 522 549 517 434 451 492 480 +4% YOY, -6% QOQ 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Thailand Int Mkt TAOKAENOI FOOD & MARKETING PLC. 9 SALES BY QUARTER unit : Mil Baht YR 2017 YR 2018 YR 2019 2000 1,454 1500 1,438 1,402 1,417 1,337 1,283 1,287 1,280 1,302 1,268 Mainly drop from China 936 908 905 900 1,158 845 -4% YOY, +31% QOQ 1,094 803 750 748 780 719 707 1000 660 500 Partially drop from Tourist 501 537 546 497 532 522 549 517 434 451 492 480 +4% YOY, -6% QOQ 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Thailand Int Mkt TAOKAENOI FOOD & MARKETING PLC. 10 NEW PRODUCT Q4/19 - Q1/20 Oct’19 Nov’19 Dec19 Feb’20 Jan’20 TAOKAENOI FOOD & MARKETING PLC. 11 THAILAND SALES PERFORMANCE FY2019 Sales 2,120 Mil B (+3%) • FMCG +4.7%, Seaweed Snack -3.4% • 3 Yrs New Product in concept 'Super Snack : 3P' • Plant Based Snack • Tempura Seaweed (Jan20) • Protein Snack • Premium Snack • Co-branding with Orion : Crispy Corn Snack, Corn Soup Flavour 'Kobuk' (Feb20) • 2 branches of Hinoya Curry : Promenade (Oct), Central World (Nov) TAOKAENOI FOOD & MARKETING PLC. 12 EXPORT SALES PERFORMANCE FY2019 Sales 3,147 Mil B (-7%) • China 1,906 Mil B (-13%) • International Markets 1,241 Mil B (+6%) • Sales Portion Chine 61% : International 39% • Growth significantly in potential market : CLMV, USA, and Indonesia Q4 2019 Full Yr 2019 Int Mkt Int Mkt Thailand 25% 24% Thailand 36% 40% China China Thailand China Int Mkt 39% 36% TAOKAENOI FOOD & MARKETING PLC. 13 CHINA SALES PERFORMANCE unit : Mil Baht FY2019 Sales 1,916 Mil B (-13%) 800 YR 2017 YR 2018 YR 2019 • Q4/19 554 Mil B 600 619 591 563 588 572 547 (-3%yoy / +32%qoq) 400 470 463 478 446 425 417 • 1st order to new distributor on mid Oct200 • Listing product on Q4/19-Q2/20 in key Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 accounts E-Commerce Hypermarket CVS Supermarket Club Store TAOKAENOI FOOD & MARKETING PLC. 14 OPERATION UPDATE unit : % Q4/19 FY 2019 Capacity Factory Utilization Utilization (Ton/Year) Overhead (%) (%) 8% Grand Total 8,250 80% 67% Labor Cost 20% Seaweed - Nopawong 4,700 84% 72% 39% - Rojana 3,550 76% 60% Other Materials 9% Q4/20 Gross Margin Improvement Packaging • The increased proportion of new season seaweed 24% which accounted for decreasing costs • The growing utilization rate relative to sales in China during the period between November-December. TAOKAENOI FOOD & MARKETING PLC. 15 PROFIT SUMMARY unit : Mil Baht 15.6% 300 YR 2017 YR 2018 YR 2019 0.16 11.7% 12.0% 11.9% 12.0% 9.9% 10.2% 200 0.107 7.6% 8.3% 171 6.4% 160 152 154 5.4% 135 142 100 129 118 0.053 1.8% 98 81 69 25 0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Net Profit % Net Profit Profit & Loss Q4/2019 FY 2019 Mil B % on Sales Mil B % on Sales Gross Margin 433 30.5 1,480 28.1 Selling Expenses 213 15.0 768 14.6 Administrative Expenses 121 8.5 344 6.5 Net Profit 118 8.3 366 7.0 TAOKAENOI FOOD & MARKETING PLC. 16 BALANCE SHEET Separate Financial Statements Unit Dec 2019 Dec 2018 Change A/R - local collection period Days 103 88 15 A/R - export collection period Days 16 22 (6) Finished goods holding period Days 5 9 (4) Inventory holding period Days 112 101 11 A/P payment period Days 28 27 1 DE Ratio Times 0.67 0.70 (0.03) TAOKAENOI FOOD & MARKETING PLC. 17 PRESENTATION AGENDA Company Overview Financial Performance Business Outlook Q&A BUSINESS OUTLOOK VISION : MISSION : Become an innovative food company I Develop innovative products without any border and bring happiness to our consumers limitations around the world II Become a production that is recognized and approved by international standard and also being environmentally friendly TARGET : III Create happiness and healthy relationships and Strive to make the company a Thailand bonds with the organization Quality Award (TQA) standard within IV The ability to become adaptive to the constant 2026 and generating more than 1 billion changes of the world and the continuous dollars in sales by 2028 development for sustainable growth V A trustworthy organization due to good governance and sustainable development TAOKAENOI FOOD & MARKETING PLC. 19 as of Feb 27, 2020 • Orion's CHINAstock on hand SITUATION still higher than UPDATE standard which impact from Chinese newWuhan, year China extension Keep Fighting • Obstruct from in-land logistics, only about 50% of normal situation but mainly focus on must-have product • Purchasing team of key modern trade back to work this week • Work closely with Orion team, weekly meeting with management • Feb-Mar order about 60% from target TAOKAENOI FOOD & MARKETING PLC. 20 CHINA SITUATION UPDATE as of Feb 27, 2020 • Orion's stock on hand still higher than standard which impact from Chinese new year extension • Obstruct from in-land logistics, only about 50% of normal situation but mainly focus on must-have product • Purchasing team of key modern trade back to work this week • Work closely with Orion team, weekly meeting with management • Feb-Mar order about 60% from target TAOKAENOI FOOD & MARKETING PLC. 21 COVID-19 ACTION PLAN Commercial • Revised 2020 sales target to 5,300 Mil B (Flat with 2019) with net margin +50% YOY • Develop new team to focus online channel to balance channel mix • Launched NPD earlier than original plan, partially offset with sales drop • Deduct marketing expenses 100 Mil B, focus on sales-driven activities • Increase R&D budget for new product • Close 'Taokaenoi Land' shop 8-10 branches which not generate positive net margin Operation • Study to combine Nopawong factory with Rojana factory within 1H/2020 • gross margin improvement and maximise tax benefit • Move with automated machine to increase productivity & product quality TAOKAENOI FOOD & MARKETING PLC. 22 PRESENTATION AGENDA Company Overview Financial Performance Business Outlook Q&A Q&A TAOKAENOI FOOD & MARKETING PLC. 24 CONTACT • Address: Taokaenoi Food & Marketing PLC. 337 Bond Street Road, Bangpood, Pakkred, Nonthaburi 11120 Thailand +66 2984 0666 • Investor Relations: [email protected] +66 2984 0666 #316 Disclaimer The information contained here is being furnish on a confidential basis for discussion purposes only and only for the use of the recipient, and may be subject to completion or amendment through the delivery of additional documentation.
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    Annual Report 2015 | Taokaenoi Food & Marketing Public Company Limited TKN Taokaenoi Food & Marketing Public Company Limited Muangthong Thani Office: 337 Bond Street Road, Bangpood, Pak Kret, Nonthaburi 11120 Annual Report 2015 Tel 0 2984 0666, Fax 00 2984 0118 Taokaenoi Food & Marketing Public Company Limited Contents Part 1 Business Operation 1 Overview of Business and Vision 01 2 Message from the Board of Directors 02 3 Financial Results 03 4 Operating Overview 05 5 Business Highlight 06 6 Supplementary Information 08 Part 2 Management and Corporate Governance 7 Securities and Shareholders 10 8 Management Structure 8.1 Board of Directors 13 8.2 Executives 24 8.3 Remuneration for the Board and the Executives 30 8.4 Human Resources 31 9 Corporate Governance 9.1 Corporate Governance Policy 32 9.2 The Sub-committees 40 9.3 Nomination and Appointment of Directors and Chief Executive Officer 45 9.4 Oversight of Company’s Subsidiaries and Associates 49 9.5 Internal Information Control 49 9.6 Audit fee 50 9.7 Good corporate governance guidelines in other aspects 50 10 Corporate Social Responsibilities 51 11 Internal Control and Audit Risk Management 55 12 Risk Management 59 Part 3 Financial Position and Operating Performance 13 Report on the Board of Director’s Responsibilities for Financial Statements 67 14 The Audit Committee’s Report 68 15 Operating Results and Financial Status 70 16 Consolidated Financial Statements 73 Part 4 Other Related Information 17 References 125 18 Investor Information 126 Overview of Business 1 and Vision Business Operation Management and Corporate Governance Financial Positions and Operating Results Financial Positions Taokaenoi Food & Marketing (Public) Company Limited world by firstly fulfilling this gap from the seaweed or TKN was established in 2004 with the initial registered business.
  • Sawasdee SET

    Sawasdee SET

    Daily report Tue, Mar 3, 2020 Sawasdee SET SET index Close: 2/3/2020 1,335.72 -4.80 / -0.36% Bt74,369mn SET50 index Close: 2/3/2020 897.96 +0.12 / +0.01% Bt49,436mn Need help from central banks Table of contents Multi-asset price update 2 Market outlook: The SET is expected to rebound today in line with the US and Commodities daily price update 3 European stock markets on investor expectations of central bank easing in Market update 6 monetary policies (BOJ, ECB, the Fed and BOE all meet this month) to mitigate Fund flows monitor 7 Short sales 8 the economic impact from the COVID-19 outbreak. The surge in crude price will Director trade 10 also boost oil-related stock prices - and the market - as traders hope for a Corporate calendar 12 further production cut by OPEC. We assign resistances at 1,368 and 1,382. Graph analysis indicates the SET is still on a downtrend with key resistance at 1,400. SET index movement Market strategy: Net accumulation point is at 1,300, where valuation is 2,000 (pts) PE Band 20.0x attractive. We suggest a mixed portfolio of stocks with a good earnings outlook, 1,900 19.0x 1,800 defensive stocks and laggards: BCH, BEM, BTS, IVL, PTTEP. Today’s picks are 18.0x 1,700 17.0x PTTEP and RATCH. 1,600 16.0x 1,500 15.0x Today’s highlights 1,400 1,300 The SET fluctuated. There was net buy in TRANS and COMM while ENERG, ICT, 1,200 FIN and FOOD saw large net selling.