BG Container Glass Public Company Limited FY18 Opportunity Day 5 th March 2019 1
Disclaimer Disclaimer Disclaimer Disclaimer The information contained in this presentation is strictly confidential and is provided by BG Container Glass Public Company Limited (“BGC” or the "Company") to you solely for your information. Neither this presentation nor any part hereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) redistributed, passed on or otherwise disseminated, to any other person either in your organization or elsewhere, without the prior written consent of the Company and its respective affiliates or advisors. By attending this presentation, participants agree not to remove this document, or any materials provided in connection herewith, from the conference room where such documents are provided without express consent from the Company and its respective affiliates or advisors. Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, no representations or warranties, express or implied, are made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. The information is subject to change without notice, its accuracy is not guaranteed, has not been independently verified and it may not contain all material information concerning the Company and its subsidiaries. None of the Company nor any of its respective affiliates or advisors nor any of its or their respective members, directors, officers, employees or affiliates assumes any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information contained herein. Accordingly, none of the above nor any other person accepts any liability (in negligence, or otherwise) for any loss arising from or in connection with any use of this presentation or its contents. This presentation is for information purposes only and does not constitute or form part of any offer or invitation by or on behalf of the Company for sale or subscription of or solicitation or invitation of any offer to or recommendation to buy or subscribe for any securities of the Company, nor shall it or any part of it form the basis of or be relied on in connection with any contract, commitment or investment decision in relation thereto (“Securities”) in Thailand, the United States or any other jurisdiction. Any recipient considering a purchase of Securities is hereby reminded that any such purchase should be made solely on the basis of the information contained in a final offering document (which may be different from the information contained in this presentation ) and subject to the selling restrictions set out therein. No public offering of the Securities will be made in the United States or in any other jurisdiction outside of Thailand where such an offering is restricted or prohibited. This presentation should not be construed as legal, tax, investment or other advice. The information contained herein does not take into consideration the investment objectives, financial situation or particular needs of any particular investor, and should not be treated as giving investment advice. In addition, this presentation contains certain financial information and results of operation, and may also contain certain projections, plans, strategies, and objectives of the Company, that are not statements of historical fact which would be treated as forward looking statements that reflect the Company's current views with respect to future events and financial performance. These views are based on a number of estimates and current assumptions which are subject to business, economic and competitive uncertainties and contingencies as well as various risks which are in many cases beyond the control of the Company, and which may change over time and may cause actual events and the Company's future results to be materially different than expected or indicated by such statements. No assurance can be given that future events will occur, that projections will be achieved, or that the Company's assumptions are correct. Such forward ‐ looking statements are not guarantees of future performance and accordingly, the actual results, financial condition, performance or achievements of the Company may differ materially from those anticipated by the Company in the forward looking statements. The recipient is cautioned not to place undue reliance on these forward looking statements. In providing this presentation, the Company does not undertake to provide any recipient with access to any additional information or to update the information contained in this presentation or to correct any inaccuracies herein which may become apparent. 2
Agenda Outline 1 Company Overview 2 Business Update 3 Financial Highlights 4 Outlook for 2019 5 Q & A 3
Company Overview 1 4
Key Milestones “With the vision of experienced management “With the vision of experienced management “With the vision of experienced management “With the vision of experienced management Oct 2018 Oct 2018 Oct 2018 Oct 2018 team, the continued expansion of production team, the continued expansion of production team, the continued expansion of production team, the continued expansion of production Initial Public Offering on April 2017 April 2017 April 2017 April 2017 capacity has resulted in growth expansion capacity has resulted in growth expansion capacity has resulted in growth expansion capacity has resulted in growth expansion SET. 194.44 million BGC increased its paid-up newly-issued shares were over 4 decades of success” over 4 decades of success” over 4 decades of success” over 4 decades of success” BG Container Glass capital to THB 2,500.0 mm to offered to general public Prachinburi plant, Company Limited undertake its corporate group at Bt 10.20 per share jointly invested with restructuring by acquiring all (“BGC”) was T.C. Pharmaceutical companies in glass packaging established by BG Co., Ltd, has business with registered capital commenced its Initiation of “Door to of THB 1.0 mm operation 2018 Door” strategy by locating its production 2017 facilities close to customers’ facilities, 2016 starting at Khon Kaen Nov 2018 Nov 2018 Nov 2018 Nov 2018 and followed by 2010 Ratchaburi plant started Prachinburi December 2017 December 2017 December 2017 December 2017 commercial run with 2009 Rayong plant ceased capacity at 400 tons/day Boonrawd Brewery its operation Bangkok Glass Public became a major Company Limited shareholder 2007 Ayutthaya plant (“BG”) was has commenced established by a group its operation of companies in 1996 pharmaceutical and beverage industry and financial institutions 1983 with registered capital of THB 50.0 mm Rayong plant has commenced its operation 1980 Khon Kaen plant has commenced its operation 1974 The 1 st furnace located at Pathumthani Province commenced its operation 5
Shareholder Structure BGC Shareholders 67.5% 6.5% 100% Institutions 14.3% 14.3% 14.3% 14.3% 72.0% Individual 13.7% 72.0% 100% 100% 100% 51% 100% PTI KGI AGI PGI RBI 49% As of 29 Nov 2018 6
Vision & Mission “BGC is committed to be the ASEAN leader in manufacturing and selling VISION quality glass and packaging as well as other related products and services.” MISSION The Company aims to satisfy our stakeholders in these areas; Financial Customers Business Partnership Work Process Personnel To maximize benefits and To deliver quality products with To work with our partners based To utilize modern technology in To build people competency, returns to all stakeholder world-class standards and on a long-term trust and every work process with promote team work and services at a competitive price relationship professional teams employee engagement with an entrepreneurial spirit 7
Company Overview Current Production Base Quality Standard Khon Kaen Plant (KGI) 2 Furnaces 735 tons/day (21% of group capacity) Ayutthaya Plant (AGI) PTI 4 Furnaces 1,620 tons/day (46% of group capacity) AGI Pathumthani Plant (PTI) 3 Furnaces Prachinburi Plant (PGI) 560 tons/day 1 Furnace (16% of group capacity) KGI 180 tons/day (5% of group capacity) PGI Ratchaburi Plant (RBI) 1 Furnace 400 tons/day (12% of group capacity) RBI Q2’2019 Q4’2019 8
Why BGC? 1 Largest manufacturer of glass containers both in Thailand and the ASEAN region 2 Optimize production process with stability and flexibility 3 State of the Art Machine with continuous improvement and experienced engineering team 4 Long relationship with customers and suppliers 5 Network in Key Strategic Locations 9
Business Update 2 10
FY18 Highlights Highlights Highlights Highlights RBI Expansion resulting to 13% increase in production capacity Double digit growth in Export volume Total investment 81M over 8 projects for Cost Optimization 109% growth vs. 17 in Net Profit Debt to Equity improved to 1.9 after IPO BoD approved dividend payment at 62% Payout Ratio 11
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