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“ผลตภณฑทคดคน และผลตโดยคนไทย”
FORTH CORPORATION PUBLIC CO.,LTD
OPPORTUNITY DAY 1Q19
FORTH Overview01
Agenda
Financial Performance02
FORTH Direction03
FORTH CORPORATION PUBLIC CO., LTD
Forth Corporation Public Company Limited (FORTH) was established in 1989 under the name of "Genius Communication System Company Limited" which has registered capital amounting to Baht 1 million. The company purposed to research, develop and manufacture Private Branch Exchange (PBX) under the trademark of FORTH, Printed Circuit Board Assembly (PCBA) and electronic equipments manufacturing. Then, the company made capital rising and be listed in the Stock Exchange of Thailand in 2005. Nowadays, the company has registered capital amounting to Baht 480 million and 4 business units which are Electronics Manufacturing Service business, telecommunication business, technology related business and Retail business (Top-up Kiosks).
FORTH Factories
• 14 SMT lines• 3 Manual Factory Insertion lines • 2 Final Assembly line
• Factory 1: 16,000 square meters • Factory 2: 4,000 square meters
Both are in Nakhon phathom Province• Production Capacity : 5,000 million points/year• Over 1,000 staffs
Production Lines
Forth Factory
Research & Development Center
Over 100 Engineers in R&D department providing wide range of telecom and electronics design from initial research, viability study, prototypes and final product
Innovation Research and Lab Center
FORTH’s Products
4 Business Units of FORTH (past)
1
2
4
3
Electronics Manufacturing Service (EMS)1.1 Electronics components distributor (Trading)1.2 Turnkey and consign (Factory)
Telecom business2.1 Telecom solution2.2 Telecom products
Technology related business3.1 Traffic system (Traffic light, CCTV)3.2 Enterprise Resource Planning (ERP)3.3 LED lighting
Retail business4.1 Domestic Top-up kiosk (Boonterm)4.2 Oversea Top-up kiosk
3.4 Electric meter3.5 Tracking system (GPS)
3 Business Units of FORTH (Present)
Enterprise Solution Business Unit
Smart Service Business UnitFORTH’S Business Units
EMS Business Unit (Electronics Manufacturing Service)
1. Enterprise Solution Business Unit
Enterprise Solution Business Unit
Procurement projects of government and private companies. System Integration service in providing total enterprise solutions.
1. Enterprise Solution Business Unit
Automatic traffic controller
CCTV installation
LED Light/Street Light
Electric Meter
Electronic Monitoring
MSAN (Multi Service Access Network)
1. Enterprise Solution Business Unit
Nurse Call System
Easy Pass
1. Enterprise Solution Business Unit
1. Enterprise Solution Business Unit
Multi-Interface Broadband Router
GPS Tracking
2. EMS Business Unit
FORTH’S Business Units
EMS Business Unit (Electronics Manufacturing Service)
2. EMS Business Unit
EMS Business Unit Procuring, manufacturing and
distributing electronic components (both Turnkey and consign).
2. EMS Business Unit
2. EMS Business Unit
2. EMS Business Unit
3. Smart Service Business Unit
FORTH’S Business Units Smart Service Business Unit
3. Smart Service Business Unit
Smart Service Business UnitPayment service provider, product selling
and other services via automated kiosk.
3. Smart Service Business Unit (products)
3. Smart Service Business Unit (location)
As of DEC 2018
22,743
19,472
17,960
38,722
14,064
16,247
18%
15%
11%
14%
12%
30%
As of Mar 2019
Boonterm kiosks
Urban
3. Smart Service Business Unit (location)
Rural
3. Smart Service Business Unit (location)
Private sectorGovernment &
State enterprise Business Partner
Customer reference
Agenda
FORTH Direction03
Financial Performance02
FORTH Overview01
Total Revenue from 3 core Business
Financial Performance
5,262
6,950 7,815
1,521 1,913 1,607
2016 2017 2018 1Q17 1Q18 1Q19
12%
16%
Unit: MB
Gross Profit and Net Profit
Financial Performance
1,466
366
1,630
272
1,770
526 388
50
431
116
350
81
Gross Profit Net Profit
2016 2017 2018 1Q17 1Q18 1Q19
Unit: MB
Financial Performance
Gross Profit Margin and Net Profit Margin
28%
7%
23%
4%
23%
7%
26%
3%
23%
6%
22%
5%
Gross Profit Margin Net Profit Margin
2016 2017 2018 1Q17 1Q18 1Q19
Financial Performance
Revenue Proportion by Business Unit
33%21%
20%34%
47% 45%
2017 2018
EMS Enterprise Solution Smart Service
562 476
875
1,913
373 394
840
1,607
Enterprise Solution EMS Smart Service Total revenues
Q'1 2018 Q'1 2019
Financial Performance
Revenue by Business Unit
Unit: MB
17%21%
27%
23%
18% 19%
25%22%
Enterprise Solution EMS Smart Service Total gross profit
Q'1 2018 Q'1 2019
Financial Performance
Gross Profit margin by Business Unit
2,937 3,658 3,559 3,482
3,932
4,491 5,3114,252
2016 2017 2018 1Q2019
Total Cur. Assets
Total Non-Cur. Assets
Total assets 8,870
Million ฿
Total assets 6,869
Million ฿
Total assets 8,149
Million ฿
Total assets 7,734
Million ฿
Total Assets & Capital structure
Financial Performance
2,629 2,720 2,506 2,615
567 619 461 380
3,673 4,810 5,903
4,739
2016 2017 2018 1Q2019
Total Equity
Total Non-Cur. Liabilities
Total Cur. Liabilities
D/E1.61
times
D/E1.96
times
D/E1.99
times
D/E2.54
times
Unit: MB
FORTH Overview01
Agenda
FORTH Direction03
Financial Performance02
2019 FORTH DIRECTION
Backlog : Projects 2019
Electronic Monitoring
Vending Machine
New Businesses
EV Charger
ล ำดบ โครงกำรมลคำงำน (ลำนบำท)รวมภำษมลคำเพม
1 งานโครงการตอเนองจากป 2017-2018 (ทจะรบรในป 2019) 556.71
2 ซออปกรณโครงการปรบปรงระบบ (TOU meter) 135.89
3 การจางเหมา ออกแบบ จดหาพรอมตดตงกลองระบบจดการโครงขายสอสารแบบบรณาการ (INMS)* 395.00
4 บ ารงรกษาซอมแซมและปรบเปลยนโครงขายสายเคเบลใยแกวน าแสง
254.55
รวม 1,342.15
หมายเหต:*อยระหวางรอลงนามสญญา
BACKLOG: PROJECT 2019
หมายเหต : คาดการณวา จะประมลได รอยละ 30 - 40 จากมลคาโครงการทงหมด
งานโครงการโทรคมนาคมทบรษทฯ จะเขารวมประมลในป 2019
ล ำดบ หนวยงำน จ ำนวนโครงกำรมลคำงำนโครงกำร
(ลำนบำท)1 TOT 5 2,0002 MEA 7 1,7003 PEA 7 3,900
4 หนวยงานยตธรรม 2 2405 สกอ. 1 2556 สตช. 3 3,0007 กทม.และอบต. ทองถนตางๆ 7 1,000
รวม 12,095
VENDING MACHINE
EV CHARGER
Electronic Monitoring
EM Gen.1 EM Gen.2
5 NEW BUSINESSES
Q & A
Statements included or incorporated in these materials that use the words "believe", "anticipate", "estimate", "target", or "hope", or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are "forward-looking statements" within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time the forward-looking statements are made.
FORTH undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. FORTH makes no representation whatsoever about the opinion or statements of any analyst or other third party. FORTH does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content or the use of any such opinion or statement.
FORTH Investor Relations
Disclaimers
