2018 ‘BBB+ (tha)’ CG SCORE 2018 Thailand Sustainability Investment 2018 (THSI) OPPORTUNITY DAY Q4-2018
2018 ‘BBB+ (tha)’CG SCORE 2018Thailand Sustainability
Investment 2018 (THSI)
OPPORTUNITY DAY
Q4-2018
2
AGENDA
3
4
5
6
Q1-2018
MAY
Acquire a 60% stake in Chi Shan Long Feng Food Co., Ltd., or CSLF, a Taiwan-based food service
Acquire a 40% shares of Bok Seng PPSP dry port and increase 14.6% stake in PPSP in Cambodia
JUN
Start operation new cold storage in Bangna (Renovate from dry warehouse) , area of 6,200 sq.m
Q3-2018
JUN
Start operation new self storage branch in Siam (JWD store it ), area 7,500 sq.m.
Q2-2018 Q4-2018
NOV
Joint Venture with Bok Seng to Operate Project Cargo Logistics
Joint Venture with CJ logistics to expand existing customer base, win new customers, e-commerce operators
DEC
Additional sale cold storage unit, area of 2,800 sq.m. at JWD Pacific (Suwinthawong) to REIT
Receive Thailand Sustainability Investment Award from SET (The Stock Exchange of Thailand)
FEB
Start new service of transport for rail yardmanagement in Laem Chabang port
ON GOING
Art space project
Self Storage franchise model
Investment in logistics provider company : Transimex, Vietnam
7
Revenue growth 9.6% YoY
Throughputs of dangerous goods increased with CAGR of 9.2% from 2010-2018
Occupancy rate improvement over Q3
Additional service contracts from both existing and new customers
Remaining high level of occupancy rate and profitability
Cross-border transportation continuously grows
Revenue from rail transportation steadily improved QoQ
Revenue and GP significantly improved QoQ
Additional service contracts from new projects
Occupancy Rate building up
Self Storage franchise model in progress
High level of occupancy rate in cold storage, Cambodia
Cold storage expansion in progress, area of 1,000 Sq.m
8
Dangerous Goods Throughput (QoQ)
42,073 42,233
43,608 44,076
Q1-18 Q2-18 Q3-18 Q4-18
TEU
*
*TEU = Twenty-Equivalent Unit
85 9
8
12
9.4
13
7
14
6
15
3
15
7 17
1
17
2
TEU * (‘000)
Growth of DG containers at LCB
2010 2018
Yard service capacity 173,968 Sq.m. ;
Dangerous goods warehouses 10,032 Sq.m.
Maximum throughput :19,200 TEUs or 12,000 Containers
9
* Average rate by quarter
89%
69%
84%
53%80% 88% 82% 81% 89% 94% 91% 89%
60%
62% 47% 59% 61%63%
81% 89% 84%20%
24% 39%
73% 72% 61%
72% 69% 69%
Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18
Occupancy Rate
PCS JPAC JPK
KEY CUSTOMERS
CERTIFICATE AND AWARDS
10
AUTOMATION COLD STORAGE IN MAHACHAI : ASRS (BUILDING No.8)
Warehouse No.8 Phase 1 Phase 2
Warehouse Area 4,300 Sq.m 1,320 Sq.m
Warehouse Capacity 11,170 locations 4,000 locations
CAPEX 360 MB. 104 MB.
Construction Progress 70% N/A
Start Operation Q3-2019 Q3-2020
11
3,588
21,646 20,982
25,839
Q1 (Feb-Mar) Q2 Q3 Q4
Number of Container
RAIL YARD MANAGEMENT AT LAEM CHABANG PORT
Start operation in Feb.2018
Lift on / Lift off containers to load on rail mode
Transport container from rail yard to terminal and depot
Handle container in Laem Chabang Rail Yard
CAR CARRIER
Mitsubishi Motor Thailand assign up country route (North and South)
CROSS BORDER
Cross-border transportation continuously grows
12
Mitsubishi Motor Thailand assign up country route (North 100%) more than current contract.
Increase volume for transport.
Extend contract to FY2022 Increase volume for export
(2,500 to 4,000 Unit per month)
Increase production capacity More special movement for
DJM activity
Onward BMW contract FY19-21
KEY CUSTOMERS
2018 full year vehicle sales in Thailand increased 19.2% year over year to 1,039,158 units.
1,988,823
871,644
1,139,696
2,167,694
1,039,158 1,140,640
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
Production Domestic Sales Export (CBU)
Vehicle sales in Thailand
Y2017 Y2018
MARKET OUTLOOK
Source: FTI (Federation of Thai Industries)
By brand sales
Nissan +21.2%
Honda +0.4%
Isuzu +10.8%
Mitsubishi +21.3%
Chi Shan Long Feng Food (CSLF)
302.6
523.5575.8 594.2
58.8 89.7 92.4 59.7 5.5 20.3 18.4 11.6
0.0
100.0
200.0
300.0
400.0
500.0
600.0
Y2015 Y2016 Y2017 Y2018
Revenue Gross Profit Net Profit
13
71.6
137.1
191.1
5.2 13.6 22.8 0.3 2.1 8.7
0
50
100
150
200
250
Q2/18 (Conso) Q3/18 (Conso) Q4/18 (Conso)
Revenue Gross Profit Net Profit
MB
MB
CSLF PAST PERFORMANCE
CSLF PERFORMANCE CONSOLIDATE TO JWD
KEY CUSTOMERS
Global Foodservice Network
Vegetable Cutting
Liquid Egg
Value –Adding Facilities
Value –Adding Services
Multi-Country Consolidation
Service HUB
Brand Development
New Projects
COLD & DRY STORAGE
• Location : Jin Yong Chang Industrial Park
• Warehouse size : 4,428 sq.m.
• Warehouse Capacity : General 3,628 Sq.m. and cold
storage 800 Sq.m. • Temperature : multi-temperature warehouse from
+25 to –25 degrees, include blazer & share space
for central kitchen
Cold storage expansion in progress, area
of 1,000 Sq.m.
Start construction in March 2019
Expect to start operation in May 2019
14
INTEGRATED LOGISTICS MANAGEMENT
JWD acquire 14.6% stake in PPSP, developer of Cambodia’s largest industrial estate and
to have 40% stake in Bok Seng Co. (affiliated Co. of PPSP)
Integrated Logistics Management
• Container Depot Management
• Container Trucking Management
• Warehousing and Inventory Management
15
COLD & DRY STORAGE
Myanmar Laos
• Location : Hlaing Thar Yar Industrial Zone
• Warehouse size : 4,000 sq.m.
• Warehouse capacity :3,000 Pallets
• Temperature : multi-temperature warehouse from
+25 to –25 degrees, include blazer & share space
for central kitchen
• Location : Vientiane
• Warehouse size : 720 sq.m.
• Warehouse capacity : 461 sq.m.
• Temperature : multi-temperature warehouse from
+25 to –25 degrees, include blazer & share space
for central kitchen
16
COLD & DRY STORAGE
Myanmar Laos
Warehouse
• Location : Jakarta
• Warehouse size : 5,000 sqm
• Warehouse Capacity : 7,200 Pallets
• Temperature : multi-temperature warehouse from
+25 to –25 degrees, include blazer & share space
for central kitchen
Transportation
Equipped with several types of vehicles:
L-300 (1.000 kg capacity) :
• Colt Diesel Engkel (2,000 kg capacity).
• Colt Diesel Double (4,000 kg capacity).
• Tronton (10.000 kg capacity).
• Built Up (16.000 kg capacity).
17
19
Strategic execution plan to deliver the sustainable growth
JWD reshaping the future business pillars to sustain long-run growth
Warehouse & Yard
ManagementTransportation
Relocation &
FreightData Storage Food Other Business
General WH / Free
zone
Chemical / DG
Automotive
Food / Cold Chain
Asset
Management
IT
Self Storage
Existing Business Structure
General
Dangerous
Car Carrier
Reefer Truck
House hold
Office
Exhibition /
Machinery
Freight
Forwarding
Document
Storage
Document
Destroy
Document
Packing& Filling
Document
on cloud
Food Service
Temperature-
controlled
storage
equipment
20
New Business Structure
Strategic execution plan to deliver the sustainable growth
B2B Integrated
Logistics
B2C/C2C
Logistics
Logistics
Infrastructure
LOGISTICS FOOD INVESTMENT IT
General WH / Free zone
Chemical / DG
Automotive
Transportation
Food / Cold Chain
Freight Forwarding
Data Storage
Project Cargo
Relocation
Self Storage
E-commerce
Art Space
Terminal Operation
Port Operation
Overseas
Cambodia
Laos
Myanmar
Indonesia
Vietnam
Philippines
Singapore
Malaysia
Taiwan
Thailand
Philippines
Vietnam
Singapore
Cambodia
AIMIRT
Asset
Management
Investment
Fund
Existing
Future Plan
Logistics
Solution
R&D
Online
Platform
21
Myanmar
Thailand
Malaysia
Singapore
Indonesia
Taiwan
Philippines
Vietnam
Cambodia
Laos
REGIONAL EXPANSION
Warehouse and DC
E-Commerce
Logistics
Infrastructure
Investment
Food
IT
Existing
Future Plan
Project Cargo
22
CJ Distribution Center in Bangna K.M. 10
Area of 71,900 sq.m.
Handling 408,000 boxes per day
Start operation in May 2019
Operate with automated sorting device wheel sorter
Increase the number of delivery personal from 650
to 4,429POTENTIAL CUSTOMERS
Integrated Logistics Management
B2B B2C C2C
Sharing resource
Asset maximize & utilization
Sharing knowledge and technology
Aligning future investment or new market entry
Sustainable Growth
JWD CJL
A new JV firm in Thailand to provide logistics
solutions serving the booming e-commerce
segments.
23
Potential Projects
Construction of dams and infrastructure, including dual-track
and high-speed rail systems, airports, marine ports in Laos and other countries in region
Eastern Economic Corridor (EEC)-related facilities in Thailand
One stop service for project cargo logistics
Sharing Facilities and Equipments for
Project Cargo
Sharing network and customer base
Sharing knowledge and technology
Integrated project cargo service in Thailand
24
1 JWD Store it! Srikreetha
2 JWD Store it! Siam
5 JWD Store it! Phet Phra Ram
1 JWD Store it! Ramintra
2 JWD Store it! Vibhavadi
4 JWD Store it! Thiamruammit
3 JWD Store it! Bangkhae
Y2019-2020 Plan
Current Branches
Occupancy Rate
88 %
44 %
7 JWD Store it! Thonglor
6 JWD Store it! Sathon
8 JWD Store it! Phayathai
9 JWD Store it! Ratchada-Ladprao
25
JWD Art SpaceConcept : Total Art Spaces and Services
First fine art storage in Thailand
The biggest & most contemporary art spaces in Thailand and CLMV
Exhibiting international artists and Thailand’s top-rising artists
Providing integrated art services & logistics by professional team
Showcase & create trust as professional fine art handling specialist
Target Group
Art Collectors Museums Private Collection Universities Corporate Gallery Artists Government
JWD ART SPACE
Located in JWD Store it : Siam branch, 3RD Floor
CAPEX 20 MB.
Expected for a grand opening on July 2019
Total Area 1,300 Sq.m.
26
Transimex is one of the leading 3PL/4PL logistics service providers in Vietnam
The company provides customers with international standard logistics solutions, ranging from warehousing, distribution center, international freight forwarding, transportation, and more
COMPANY NAME : Transimex CorporationTICKER : TMS (HOSE)ESTABLISHMENT : 1983CHARTER CAPITAL : USD 15.3 mn (as of 31 Dec 2017)MARKET CAP : USD 56.3 mn (as of 20 Jul 2018)NO.OF EMPLOYEES : 983 (as of 31 Dec 2017)
BUSINESS LINE : ICD&DC Logistics &Transportation Freight Forwarding & Shipping Agency Real Estate Business
27
TRANSIMEX'S HIGHLIGHT
KEY CUSTOMER OF TRANSIMEX
400,000 Sq.mTotal area
34Year of operation
Representative offices
4 49,028Goods
SERVICES
International
Freight Forwarding
Warehouse and
Distribution Center
Inland
Trucking
Project Cargo Integrated
Logistics Service
28
Why Vietnam?
Vietnam is an important manufacturing base country with a high potential consumption level in future
Vietnam is a missing piece of logistics footprint in region
Food service plans to grow in Vietnam market
Logistics facility will efficiently support food service industry
Logistics can help managing cost and scope of service for value added service
Potentially expand in Chemical, DG and Auto logistics service in the future
Expanding international customers through working with key FFWs to participate the local or regional biddings
Aligning the food supply chain solution to work with GFS in growing the food service & distribution business in Vietnam, through supporting GFS’s key JV or investment projects
Approaching specific potentials with key customers’ network in Thailand and other countries
Establishing and supporting TMS to launch the document storage business in Vietnam through a market potential previously explored by TMS
KEY BUSINESS PLAN AND SYNERGIES
Source :mordorintelligence.com
Rental and Service Income* Trend and Gross Profit Margin
* Consolidated rental and service income in Financial Statement
Key Factors for gross profit margin increase
- Food service business (CSLF) has higher GP margin than Q3-18 from seasonal effect
- GP margin of transportation improved from replacement of high rental cost of Reach Stacker (RSK) for rail service with depreciation
expense in Q3-18
- Potential to increase occupancy rate of general warehouse without additional investment
29
Gross Profit MarginMM THB
573 578 642
631 655
30% 30% 30%33%
28% 27% 29% 30%33%
30% 30% 30% 31% 31% 32% 32%
7%10% 12% 12% 12% 13% 13% 14% 14%
15% 15%25% 26% 26% 28% 25% 25% 25% 26% 25% 25% 25%
0%
20%
40%
60%
80%
100%
120%
-
200
400
600
800
1,000
1,200
1,400
1,600
Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 (F) Q2/19 (F) Q3/19 (F) Q4/19 (F) Q1/20 (F) Q2/20 (F) Q3/20 (F) Q4/20 (F)
Logistics Businesses Food Service GP Margin-Logistics Businesses GP Margin-Food Service GP Margin-All Businesses
760
849
9451,033
1,0581,144
1,175
1,3091,352
1,4911,548
30
Total Revenues and Service Capabilities
MM THB
987,043Sq.m.
4,000Sq.m.
720Sq.m.
4,428Sq.m.
Service footprint 4Q-18
Totaling = 1,001,191 Sq.m.
Revenue and Growth
Warehouse Capacities
Yard Capacities
(Unit: sq.m.) 2016 2017 2018
General goods 131,106 129,306 129,306
Chemicals & Dangerous goods 10,032 10,032 10,032
Cold chain service 54,327 58,627 63,327
Record & Info Management 14,520 14,520 14,520
Other services 9,951 9,951 9,951
Total 219,936 222,436 227,136
(Unit: sq.m.) 2016 2017 2018
Chemicals & Dangerous goods 173,968 173,968 173,968
Automotive Yard 395,287 395,287 395,287
On-site Automotive Yard 273,542 204,800 204800
Total 842,797 774,055 774,055
Grand Total 1,062,733 996,491 1,001,191
2,348.7 2,219.4 2,423.3
3,208.0
-
1,000.0
2,000.0
3,000.0
Y15 Y16 Y17 Y18
31
5,000Sq.m.
Indonesia
856.8
649.6
751.4
848.2
210.9 221.8 247.8
36.5%
29.3%31.0%
26.4%
33.4%
26.1% 26.2%
0%
10%
20%
30%
40%
0
200
400
600
800
1,000
1,200
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Gross Profit Gross Profit Margin
Revenue & Gross Profit
Revenue from Rental & Services
Gross Profit and Gross Profit Margin
Re
ve
nu
eG
ross
Pro
fit
Gro
ss Pro
fit Margin
2,348.7 2,219.4 2,423.3
3,208.0
630.7 848.6
944.8
0
500
1,000
1,500
2,000
2,500
3,000
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
MM THB
58%
16%
10%
3% 12%
1%
Warehouse/Yard Management Transport & Distribution
Relocation & Freight Forwarding Records & Info. Management
Food Services Other Services
17%
27%
24%
32%
General Goods
Dangerous Goods
Cold chain
Automotive
Revenue breakdown
Revenue for Q4-2018 was THB 944.8 mm, increased 49.8% YoY ,the
increased revenue was mainly due to higher revenue from warehouse
and yard management business especially in cold storage,
transportation and distribution businesses and food services business
Gross profit for Q4-2018 was THB 247.8 mm, increased 17.5% YoY
MM THB
32
Dangerous Goods Yard Throughput
Revenue and Gross Profit by Business
157,272171,110 171,991
42,858 43,608 44,076
-
50,000
100,000
150,000
200,000
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Gro
ss Pro
fit Ma
rgin
438.8 428.0462.7
497.3
112.5 125.8 123.4184.2 161.1 182.0 207.4
43.8 48.1 53.8
42.0%37.6% 39.3%
41.7%38.9% 38.2%
43.6%
0%
10%
20%
30%
40%
50%
0
200
400
600
800
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Revenue Gross Profit Gross Profit Margin
Re
ve
nu
e &
Gro
ss P
rofi
t
Th
rou
gh
pu
t
MM THB
TEU*
*TEU = Twenty-Equivalent Unit
Area & Occupancy Rate Revenue & Gross Profit
131,106 129,306 129,306 131,106 129,306 129,306
74.0%68.6%
74.2% 73.0% 71.4% 73.0%
0%
20%
40%
60%
80%
100%
-
50,000
100,000
150,000
200,000
250,000
300,000
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Area Occupancy Rate
Sq.m.
Are
a
Occupancy R
ate
Gro
ss Pro
fit Ma
rgin
441.3
329.8 320.7 318.8
84.8 69.4 87.5
167.5
53.0 33.7 32.6 12.6 5.0 11.7
38.0%
16.1%
10.5%10.2%
14.9%7.2%
13.4%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
0
100
200
300
400
500
600
700
800
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Revenue Gross Profit Gross Profit Margin
Revenue &
Gro
ss P
rofi
t
MM THB
Warehouse & Yard Management: General Goods + Chemical Warehouses
Warehouse & Yard Management: Dangerous Goods Terminal
Revenue & Gross Profit
33
Revenue and Gross Profit by Business (Cont’d)G
ross P
rofit M
arg
in
312.4
382.3429.2 437.5
108.7 106.6 121.0103.6 120.0 147.2 143.5
37.9 37.6 38.9
33.2%31.4%
34.3%32.8%
34.9% 35.3%32.1%
0%
10%
20%
30%
40%
0.0
200.0
400.0
600.0
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Revenue Gross Profit Gross Profit Margin
Re
ve
nu
e &
Gro
ss P
rofi
t
395,287 395,287 395,287 395,287 395,287 395,287
273,542 204,800 204,800 204,800 204,800 204,800
85.5% 88.3% 85.0% 88.3% 85.0% 85.0%
0%
20%
40%
60%
80%
100%
-
200,000
400,000
600,000
800,000
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
On-Site Area
Yard Area
Sq.m.
Are
a
Occu
pa
ncy
Ra
te
MM THB
Sq.m.
Are
a
Occu
pa
ncy
Ra
te
Gro
ss Pro
fit Ma
rgin
447.1
372.7
449.5
604.0
123.4158.5 162.1
207.9
139.3 194.1
237.8
52.1 68.5 68.4
46.5%
37.4%
43.2%
39.4%
42.2% 43.2% 42.2%
0%
10%
20%
30%
40%
50%
0
200
400
600
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Revenue Gross Profit Gross Profit Margin
Re
ve
nu
e &
Gro
ss P
rofi
t
MM THB
Warehouse & Yard Management: Automotive
Area & Occupancy Rate Revenue & Gross Profit
Warehouse & Yard Management: Cold Storage
Area & Occupancy Rate Revenue & Gross Profit
34
54,327
57,127 60,227
57,127 63,327 63,327
51.9%
66.9%
84.1%
76.0%
85.3% 83.5%
0%
20%
40%
60%
80%
-
20,000
40,000
60,000
80,000
100,000
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Warehouse Area Occupancy Rate
Revenue and Gross Profit by Business (Cont’d)G
ross P
rofit M
arg
in
297.6330.0
379.6
497.2
89.4127.0 137.6
49.7 70.1 69.7 80.8
17.2 20.1 26.8
16.7%
21.2% 18.4%
16.3%
19.2%
15.8%
19.5%
0%
5%
10%
15%
20%
25%
0
100
200
300
400
500
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Revenue Gross Profit Gross Profit Margin
Re
ve
nu
e &
Gro
ss P
rofi
t
157,797 174,896
247,282
47,870 69,433 58,204
-
50,000
100,000
150,000
200,000
250,000
300,000
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
No. of Trips MM THB
5,449
6,056
5,188
1,429 1,438 1,321
-
2,000
4,000
6,000
8,000
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
No. of Jobs
Gro
ss Pro
fit Ma
rgin
288.3
255.8 267.5
323.2
79.5 88.8 87.188.4 74.3 74.1 78.0
23.7 22.7 19.8
30.7%
29.0%27.7%
24.1%
29.8%
25.6%22.8%
0%
10%
20%
30%
0
100
200
300
400
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Revenue Gross Profit Gross Profit Margin
Re
ve
nu
e &
Gro
ss P
rofi
t
MM THB
* including internal transportation services
Transportation & Distribution
No. of Trips * Revenue & Gross Profit
Relocation Service
No. of Jobs Revenue & Gross Profit
35
Gro
ss Pro
fit Ma
rgin
87.8 92.598.4
106.7
25.7 27.7 26.9
49.7 56.5 60.6
53.2
16.5 13.0 13.3
56.6%61.1% 61.6%
49.9%
64.2%
46.9%49.4%
0%
10%
20%
30%
40%
50%
60%
70%
0
50
100
150
Y2015 Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Revenue Gross Profit Gross Profit Margin
Re
ve
nu
e &
Gro
ss P
rofi
t
782,013 833,528 871,761
859,617 876,600 875,114
-
200,000
400,000
600,000
800,000
1,000,000
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
No. of Cartons MM THB
Revenue and Gross Profit by Business (Cont’d)
Record & Info Management
No. of Cartons Revenue & Gross Profit
36
455.9 470.2
568.0
135.5 148.0 162.4
20.3% 20.3%17.7%
11.8%
17.4%16.6%
3.8%2.8% 2.6% 1.9% 2.7% 2.3%
0%
5%
10%
15%
20%
25%
0
200
400
600
800
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
SG&A SG&A to Total Revenue
Finance Cost to Total Revenue
Cost Structure
Net Core Profit* and Net Core Profit MarginSG&A Expenses & Finance Cost
SG&A Expenses & Net Profit
MM THB
SG
&A
Ex
pe
nse
s Ex
p. to
Sa
les
Direct Cost SG&A
Depreciation 10%
Employee 11%
Transport & Sub-Contract 27%
Utilities 6%
Rental 16%
Revenue sharing 5%
Repair & Maintenance 15%
Others 9%
Q4-2018 Net core profit* 91.7 Million, higher than theprevious year by Baht 33.6 Million, or 57.8%, net profit marginimprove to 9.4%,
* Net profit attributable to owners of the Company
Ne
t Pro
fit Ma
rgin
Ne
t P
rofi
t
MM THB
Employee expense 62%
Depreciation 4%
Selling expense 2%
Travelling 3%
Consult 5%
Insurance 1%
Others 21%37
-8.9
204.4 238.458.1 70.1
91.7
121.7
407.7
13.7
5.4%
8.3%
7.4%
8.9%8.2%
9.4%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
-50
50
150
250
350
450
550
650
Y2016 Y2017 Y2018 Q4/17 Q3/18 Q4/18
Net Core Profit Net Profit Net Core Profit Margin
612.1
252.1
1,085.2 1,550.5
1,735.2
1,922.0
858.9
894.0
1,853.2
1,991.0
3,099.7 3,167.5
255.0 333.6
894.4 1,252.7
1,283.4
1,603.7
5,532.5 5,532.5
Unit : MM THB
As at Dec 31, 2017
Current Assets
PPE
Current Liabilities
Long-Term Loans
Shareholder's Equity
As at Dec 31, 2018
6,357.5 6,357.5
Other Non-Current Liabilities
Investment Properties
Other Non-Current Assets0.8x 0.5x 0.7x
1.0x
0.8x 1.0x
5.7x
2.0x
4.3x
0.0x
1.0x
2.0x
3.0x
4.0x
5.0x
6.0x
Y2016 Y2017 Y2018
Interest Bearing Debt/Equity Debt/Equity Debt/EBITDA
Time (x)
(Unit : MM THB)12-month Period Three-month Period
2017 2018 Q3/18 Q4/18
Cash and Cash Equivalents at 1 Jan and 1 Oct 259.8 1,218.8 441.2 579.0
Operating Activities 528.1 497.3 248.2 173.1
Investing Activities 1,105.2 (1,342.3) (237.1) (137.8)
Financing Activities (674.4) 83.9 123.6 (161.8)
Impact of foreign exchange rates - 1.3 2.5 5.7
Net Increase / (Decrease) 958.9 (762.4) 137.2 (120.8)
Cash included disposal assets group classified as held for sales - (2.6) 0.7 (1.08)
Cash and Cash Equivalents at 31 Dec 17, 30 Sep 18 and 31 Dec 18 1,218.8 456.4 579.0 456.438
Statement of Financial Position Key Financial Ratios
Cash Flows
Financial Position
39
JWD received a Thailand Sustainability Investment (or THSI) Award, for JWD’s presence in the 2018 list of THSI stocks (effective next year),
which contains the stocks that meet SET’environmental, social and governance (or ESG) standards and thus present investment choices that
can produce long-term returns sustainably.
STRONG ASEANNETWORK & FOOTPRINT
LOCATED IN
LCB PORT, AIRPORT, DISTRIBUTION HUB, KEY CITIES
KEY STRATEGIC LOCATIONS
40 YEARSIN SPECIALIZED LOGISTICS
LEADER IN ITTO IMPROVE
SUPPLY CHAIN
EFFICIENCY
OPERATION
EXCELLENCE
& WORLD CLASS STANDARD
41
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