Logistics Infrastructure business increased
outstandingly by 156.4% YoY
Transportation business increased by
general warehouse business performance
19 recovered outstandingly
18.7% Total Revenue
Warehouse Operation Updates
1,147.1 Million Baht
Logistics & Supply Chain
1
• General Goods
Revenue
5
Food Services
Management
• Investment
Project Cargo
Updates Financial Performance
The new wave of the COVID 19 outbreak in the beginning of 2021 was not impacted to
JWD and had any opportunity for business
9Source: Bank of Thailand Resources and Estimation
Bank of Thailand GDP Reforecast
3.2% 3.9% 4.1%
Reforecast Period
Business recovery outlook
Opportunity to manage supply chain for Covid-19
vaccine
Higher storage turnover rate due to the pandemic
The Thai economy would expand at a slower pace due to the new wave of the COVID 19 outbreak in the beginning of 2021 and the re-opening plan that was
less relaxed than expected
The economy would continue to recover, but the recovery remains highly uncertain with downside risks to growth.
*Outturn , E Estimation
Q1 Situation Update and Outlook: Performance during Q1/2021 is continue growing
10
Yearly OutlookYearly Outlook
Quarterly Outlook
Seasonal Drop
& COVID-19
In Q1/2021, the core business units such as cold chain, chemical and dangerous goods, general warehouse, automotive business had experienced an
improved performance. Especially in chemical and dangerous goods and automotive businesses which continue recovery as automotive supply chain
remain unaffected from the new wave of COVID-19 in Thailand.
AGENDA
3
5 YEARS GROWTH Expected
15%
Property
Solutions
ACQUIRE & SCALE UP GROUP TRANSPORT To Serve Multimodal Transport Across All Platforms
Acquire VNS To Strengthen Land Transport ServiceSea & Rail Transport Service
Land Transport Service
Strategic Roadmap of Group Transport after Acquisition
2021 Fleet Efficiency Management & Asset Utilization
2021-2023 Expand into Complex
2024 Capability to SCALE UP & Become dominant player in Thailand
BUILD COLD CHAIN REGIONAL HUB To tap with strong demand growth from regional urbanization
Existing Footprint: 2 locations in
Greater BKK and 1 in Mahachai
Largest storage capacity 100,000+ Tons
Cutting edge technology & Robotic system
Bangna Km.19
Project Pipeline 2021-2023
Vietnam, Cambodia & Indonesia
KEY BUSINESS PLAN
Expand business into new sectors namely chemicals
and automotive
double size the business in 5 years.
Dry & cold storage
Scale up business of cold chain service through M&A
Expand business into new sectors namely chemicals and
automotive
LAST MILE DELIVERYORDER FULFILLMENTSELF-STORAGE
PROPERTY SOLUTIONS
• JWD x ORI Project
WAREHOUSE OPERATION UPDATES : ASRS WAREHOUSES
29%
Self Storage : Wine Bank
10,800 Sq.m
500 MB.
border transport.
Acquire VNS To Strengthen Land Transport Service
To Serve Multimodal Transport Across All Platforms To Lists the transport business by Y2022
Sea & Rail Land Transport Service
KEY PURPOSE
Acquired of the 10% additional shares in EMLOG
Logistics & Warehousing Pte Ltd. (“EMLOG”) from
50% to be 60%, resulting that EMLOG is an indirect
subsidiary of JWD (Registered on 22 March 2021)
53.5
60.3
JWD ASIA Revenue
Unit: THB Million
FoodStory About FoodStory
Key Activity:
• Distribution Center
JWD sold built to suit warehouse to AIMIRT
Total building leasable area : 6,620 Sq.m
Total lease price : Approx. 123 MB.
30 Years leasehold (2021 to 2051)
ON GOING PROJECTS : JWD x ORI
1,000* Million
Expected Date of Start Project
JWD entered a joint venture with Origin Company Limited called “ORIGIN JWD
INDRUSTRIAL ASSET COMPANY LIMITED” (ORJ) to focus on logistics related assets .
(2 Projects)
*Tentative Budget
428 688
18,921 18,829
ON GOING PROJECTS : EXPRESS / OVERSEAS
Vaccine distribution in Cambodia
positive response order increase, supported by
COVID-19 situation and increase order by the
seasonal products E.g. durian
are 643,000 doses of Sinovac's COVID-19 vaccine
delivered by a 2-8 ° C temperature-controlled
vehicle. The first to go to the province In Cambodia
JWD Cold Chain Express
JWD Asia Cambodia is supporting as part of There
are 643,000 doses of Sinovac's COVID-19 vaccine
delivered by a 2-8 ° C temperature-controlled
vehicle. The first to go to the province In Cambodia
FUNDING : GUARANTEED BOND BY CGIF
The Credit Guarantee and Investment Facility (“CGIF”) has
guaranteed JWD first issuance of THB 700.0 million under its
THB 1.9 billion Guaranteed Bonds Programme with the
proceeds to be used in the investment of JWD’s domestic
logistics and supply chain business and will help to increase
service capability and drive growth according to the set targets
CGIF’s credit rating (AAA on national scale)
JWD partners with Twin Pine Group to issue AAA rated debentures
guaranteed by CGIF Developing ESMS with globally-recognized
standards for management of environmental and social impacts
AGENDA
29
Total Revenue
*Remark: Net Core Profit refers to Net Profit attribute to owners of the company
**Revenue Y2018 include Gain on sale of assets to trust
Finance Cost
47.2(Q1/2021) MB
Extra items
32
Operating Revenue from Logistics Business Unit by Service
Logistics &
568.5
534.2
576.1
• As a result, the Company has increased revenue mainly due to warehouse and yard management especially general warehouse, chemical & dangerous goods and cold storage,
• Transportation has increased revenue from increasing service volume in controlled-temperature chilled and freeze product, cross border and car carrier.
• Logistics infrastructure has increased revenue from increasing service volume at the Barge Terminal.
• Self storage and art space has increased mainly due to the increase in self storage space and launched wine bank storage service in Q1/2021.
YOY
YoY +11.3%
QoQ -0.9%
848.2
997.9
911.0
Gross Profit by Business Structure
Gross Profit & Gross Profit Margin Breakdown
Gross Profit Margin of Logistics by Services
YoY +6.4%
QoQ +9.5%
-58.0%
Other
• Gross profit has increased YoY mainly due to the higher revenue from some
especially chemical & dangerous goods ,cold storage and transportation.
• Gross profit from logistics and supply chain has increased mainly due to the
better cost control for warehouse and yard management.
YoY
38.7%
34
Unit: %
Cold Storage
Document Storage
General Goods
Dangerous Goods
Unit: THB Million, %
• Revenue from warehouse and yard management increased mainly due to rise in revenue of dangerous goods and cold storage warehouse as a result of the improvement of export and
import activities.
• However, revenue from automotive was improving from the fast recovery of automotive industry.
YoY
28.3%
10.6%
15.9%
35.1%
25.5%
34.5%
35
Revenue Gross Profit
GPM
Revenue Gross Profit
GPM
B. Warehouse & Yard Management: Dangerous Goods Terminal and Chemical
Revenue & Gross Profit Dangerous Goods Yard Throughput
Revenue from dangerous goods terminal and
chemical increased due to:
the company had increasing revenue from
the storage during the quarter
YoY
Explanation
YoY
Explanation
OR
Gross Profit from general goods decreased due to:
• The commencement of operation of JWD Nava
Nakhon project with the total area of 6,000
sq.m in November 2020., where the Company
had recognized an initial operation setup cost
36
Warehouse & Yard Management Services Drivers (Cont’d)
106.6 112.0 117.2
29.1 29.0 29.1
53.2 51.6 57.3
13.8 14.2 13.3
Revenue Gross Profit
Unit: No. of CartonUnit: THB Million
969,910
1,001,476
1,021,990
395.3 388.0 392.6
658.4 658.4 658.4
1,053.7 1,046.4 1,051.1
Q1/20 Q4/20 Q1/21
101.0
Revenue Gross Profit
GPM
92.5%
Revenue & Gross Profit
• Increasing revenue by baht 8.4 or 7.7% due to
the automotive business was recovered
faster than expectation.
Q1/2020
37
332.5
Revenue Gross Profit
GPM
Revenue from cold storage increased due to:
• Rise in cold storage demand from seafood
products & Valued Added Service.
Q1-2021 Proportion of Products
YoY +3.9%
YoY +73.6%
QoQ +40.7%
Revenue & Gross Profit
No. of Trips
No. of Trips
increased due to:
temperature-controlled product
distribution increased due to:
Asia Cambodia instead while overall trips
and revenue significantly increased
Total Revenue Gross Profit
10.45.5 9.0 Cross Border
2,400 2,400
Unit: THB Million
Unit: THB Million
Relocation & Self Storage Drivers
Revenue Gross Profit
1.4 Self Storage
• Decreasing revenue due to the lower of
number of jobs.
• Higher number of branched and area
available for service
• In Q1/2021, launched wine bank storage
service at JWD Store it, Siam branch
Explanation
Explanation
YoY:
YoY:
323.2
269.4
181.3
Revenue Gross Profit
Revenue Gross Profit
GPM
40
Revenue Gross Profit
GPM
Unit: No. of Trips
2. Food Supply Chain
Revenue from logistics infrastructure
increased volume of Barge terminal since
the start of its operation.
Revenue from food supply chain increased
due to:
and liquid eggs.
• According to higher revenue of food
service business.
YoY: Equity Income decreased by THB
19.5 million
million or 6.6
Vietnam Cambodia Thailand Other Indonesia
Not that: the Company received increased amount of equity income from Transimex Corporation (TMS) of Baht 31.0 MB. Moreover, the equity income decreased
from loss from liquidation business in Laos of Baht 11.3 MB which is an extra item incurred in Q1/2021.
* Chart does not fit to scale
YoY: Equity Income slightly increased
by THB 0.6 million
THB 0.9 million
289.9
451.6
428.3
119.9
Overseas Revenue and Gross Profit from Logistics Under JWD Operation
42
Revenue from Logistics Under JWD Operation Gross Profit from Logistics Under JWD Operation
GPM
• Overseas revenue and gross profit from logistic business under JWD operations were a contribution of financial performance from Bok Seng, JWD Asia, JWD Asia Logistics
(Cambodia), JWD Asia Logistics (Myanmar), Adib Cold Logistics (ACL), Samudera JWD Logistics (SJL), and Datasafe (Cambodia), which are all mainly operated by JWD
Unit: THB Million Unit: THB Million
24.3% 27.9%
43
SG&A
In Q1/2021, SG&A increase due to:
• Increasing in variable expenses associated with revenue and profit growth. The
company still maintained effective operating cost control with cost to total revenue
ratio at 14.9%.
• The company had SG&A from extra items of Baht 8.8 million from loss from liquidation
business in Laos and allowance for doubtful expense.
Tax expense higher due to:
• The company had deferred tax of Baht 14.6 million from extra items and allowance for
doubtful expense.
Selling expense
150.3 169.0 170.6
Q1/20 Q4/20 Q1/21
Tax Expense
Net Core Profit & Net Core Profit Margin
44
6.4%
9.9%
7.4%
9.7%
7.1%
12.3%
NPM
Net Core Profit & Net Core Profit Margin*
*Net Core Profit refers to Net Profit attribute to owners of the Company
**Net Core Profit Y2018 include Gain on sale of assets to trust
Net Core Profit
YoY
+50.6%
QoQ
+85.8%
• The Company had net profit from extra items of Baht 44.0 million and net profit attributable to owners of the Company (before extra items) for
Q1/2021, of Baht 96.8 million, net profit margin (before extra items) was 8.4% which increased by Baht 3.3 million, or 3.5%
YoY
33%
6%
42%
34%
25%
23%
17%
(Million Baht, %)Total Assets (Million Baht, %)Total Liabilities and Equity
• Total Assets increased mainly due to the increase in Cash and cash
equivalents, current investments and property, plant and equipment.
• Total Liabilities increased mainly due to the increasing of debentures in Q1/2021
Total Assets Total Liabilities
Total Equity
• Total Equity increased mainly due to the recognition of retained earnings and
non-controlling interests.
46
Debt to Equity Ratio (Times)Interest Bearing Debt to Equity (Times) Net Debt to EBITDA (Times)
Debt portion from TFRS16
Cash at 1 January Operating Activities Investing Activities Financing Activities Impact from foreign exchange
Cash at 31 December
March 31, 2021
• Cash Flow from Operating Activities as at March 31, 2021 was THB 366.5 million increased by Baht 152.8 million due to theresult of better business performance as well as the
cash received from changes in trade and other payable.
• Cash Flow from Investing Activities as at March 31, 2021 was THB (498.3) million increased by Baht 361.0 million from previous year due tocash used in investments in
property, plant and equipment and purchase of current investments.
• Cash Flow from Financing Activities as at March 31,2021 was THB 628.8 million increased by Baht 1,052.3 million due tothe cash received from the issuance of debentures and
the repayment of bank overdrafts and short-term borrowings from financial institutions.
+493.1
and Cash Equivalents
Q&A
The information contained in this presentation is strictly confidential and is prepared and provided by JWD InfoLogistics PCL (the “Company” or “JWD”) to you solely for your
reference. By viewing all or part of this presentation, you are agreeing to maintain absolute confidentiality regarding the information disclosed in this presentation. By
attending this presentation, you are agreeing to be bound by the restrictions setout below. Any failure to comply with these restrictions may constitute a violation of
applicable securities laws. Neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied,
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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, 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
make any representation or warranty (express or implied) regarding, nor 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.
In addition, this presentation contains financial information and result of operation, and may 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 and these may change over time and in many cases are outside the control of the Company and its directors. You are cautioned not to
place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. 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.
In providing this document, the Company does not undertake to provide you with access to any additional information or to update the information contained in the document
or to correct any inaccuracies therein which may become apparent.
Disclaimer
49