2018 ‘BBB (tha)’CG SCORE 2018Thailand Sustainability
Investment 2018 (THSI)
OPPORTUNITY DAY
2Q2019
OUR TRANFORMATION & GROWTH STRATEGY FOR FUTURE
AGENDA
01
02
03
04
COMPANY OVERVIEW
2Q19 HIGHLIGHT
PROJECTS UPDATE
FINANCIAL PERFORMANCE
3
01 COMPANY OVERVIEW
4
5
02 2Q19 HIGHLIGHT
6
2Q19 HIGHLIGHT
Cross-border transportation increased from the highest level from the automation shipment
Dangerous goods throughputs increased in highest level, revenue growth 15.7% YoY
Cold storage Building No.8 (Automate System) in Mahachai started operate, occupancy rate reach to 40% (As at July 2019)
New project ,renovate general warehouse in Bangna 6,000 sq.m. to cold storage
General warehouse revenue growth 15.7% YoY
Occupancy rate increased 15.9% YoY
JCS* occupancy rate increased in high level
Dangerous Goods
General Goods
Cold Chain
Transportation
Overseas
High level of occupancy rate in cold storage Cambodia , expanding more 1,000 S.qm (expect to start operate in Sep 2019)
Bokseng dry port revenue was building up
PPSEZ phase 4 and Poipet SEZ on process to develop for sale the land
*JCS = JWD Chemical and Supply Chain
7
44,515
TEU*
*TEU = Twenty-Equivalent Unit
Dangerous Goods Throughput
42,233
43,608
42,073
44,076
44,199
Q1-18 Q2-18 Q3-18 Q4-18 Q1-19 Q2-19
JWD achieved a higher growth rate than that expected for the first half of 2019, the record
performance of the business of storage and handling of dangerous goods is due to ;
the increasing quantity of dangerous goods through Laem Chabang Port.
improved production lines of refinery and petroleum business operators, resulting in
longer leases of storage space for dangerous goods, which are used as their raw materials.
an increase in average storage period of dangerous goods manufactured for export, from
an average of three days to an average of seven to ten days.
8
The general warehouse business clearly recovered since the end of last year due to LCL
warehouse services and clients returning to rent additional space. Also, the chemical
warehouse (JCS) occupancy rate was building up to the high level
9
51.1%
73.2%82.0%
77.7% 78.6%
Y16 Y17 Y18 1Q19 2Q19
OCCUPANCY RATE
CHACHOENGSAO
(SUWINTHAWONG)
OR : 58.5%
* Average rate by quarter
SUMUTSAKHON
(MAHA CHAI)
OR : 93.3%
SAMUTPRAKAN
(BANGNA-TRAD K.M.19)
OR: 52.4%
RAW MATERIAL PRICE TREND
MONTHLY FROZEN (WHOLE) SKIPJACK TUNA RAW MATERIAL PRICES
Source: Thai Union
US$ / Metric Ton
-
250
500
750
1,000
1,250
1,500
1,750
2,000
2,250
2,500
Jul-
16
Au
g-16
Sep
-16
Oct
-16
No
v-16
Dec
-16
Jan
-17
Feb
-17
Mar
-17
Ap
r-17
May
-17
Jun
-17
Jul-
17
Au
g-17
Sep
-17
Oct
-17
No
v-17
Dec
-17
Jan
-18
Feb
-18
Mar
-18
Ap
r-18
May
-18
Jun
-18
Jul-
18
Au
g-18
Sep
-18
Oct
-18
No
v-18
Dec
-18
Jan
-19
Feb
-19
Mar
-19
Ap
r-19
May
-19
Jun
-19
Fruits & Dairy13%
Other5%
Poulty11%
Seafood71%
PRODUCT PROPORTION
10
New Project in Bangna
Warehouse Size : 6,000 Sq.m.
Warehouse Capacity : 15,000 Pallets
Temperature : 20-25 C
CAPEX : 85 million
Expected to operate in Nov.2019
Renovate General Warehouse to Cold Storage
Occupancy rate reach to 40% (As at Jul.19)
50% labor cost reduction
30% electricity cost saving
Improve efficiency
Thailand's biggest public ASRS cold storage in Mahachai,
Samut Sakhon with 15,000 pallets capacity now open!
11
Number of Containers (Rail yard management)Number of Trips of Cross Border Transportation
Car Carrier
The number of trip still maintain the same level of
the previous quarter
Cross Border
The volume of the automation shipment increased
more than 30%
Rail Yard Management
The number of trip decreased from the low season
of agriculture goods
25,234
32,361
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
YTD18 YTD19For Q2/2019 the total* of all transportation trips was 48,228 trips
*DG, General goods, Coldchain, Car carrier and Cross border
93
419
261 223352
937
Q 1 - 1 8 Q 2 - 1 8 Q 3 - 1 8 Q 4 - 1 8 Q 1 - 1 9 Q 2 - 1 9
OVERSEAS MILESTONE
2016 2016 20172016
Expanding the
scope of logistics
into ASEAN market
(Laos and Myanmar)
Expanding the
scope of logistics
into ASEAN market
(Cambodia)
Investment in
Bok Seng PPSEZ
Dry Port Co., Ltd.
In Cambodia
Investment and
shareholding in other
companies engaged in
cold storages in
Indonesia
12
2019
Investment and
conduct of
business of
logistics in Vietnam
2018
Acquires Stake in PPSP,
Developer of Cambodia's
Largest Industrial Estate,
to Join 'Logistics Centre'
Investment Project
2018
20182016
20172016
2016 2019
JV with CJ to provide
logistics solutions to
customers in B2C- B2B
13
Q2-2019 Revenue of overseas was Baht 149.2 Million, higher than the previous by Baht 24.8 Million or 19.9% , gross profit
was 25.5%.
28.9
120.5
289.9
273.6
27.1
124.4
149.2
3.224.1
70.3 69.3
6.3
31.338.0
11.1%
20.0%
24.3%
25.3%23.1%
25.1%25.5%
0%
5%
10%
15%
20%
25%
30%
0
50
100
150
200
250
300
350
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revnue Gross Profit Gross Profit Margin
MM THB
Revenue and Gross Profit
14
DRY PORT FACILITY
Occupies 10.5 Ha. of warehouse and
open container storage
Provides comprehensive logistics
solutions
Facilitate import / export transactions
for investors
15
Burger King Project
Started operate since May 2018
Expand services from 30 to 60 branches
(As at Aug.19)
16
CJ Logistics has 262 networks
in 33 different countries,
providing contract logistics
solutions, express/parcel and
forwarding business
CJL founded in 1930, has
dominated Korean logistics
market over the past decades
and now is aiming to become
one of the global top5
logistics companies by 2020
17
03 PROJECTS UPDATE
18
JWD BUSINESS STRUCTURE
Cold chain and Dry warehouse in Laos, Cambodia and Myanmar
Acquire 14.6% of the shares of common stocks in PPSP for
asset utilization in future business expansion and to own 40%
stake in Bok Seng Co.
Joint venture with Samudera Group undertaking Integrated
Logistics Services in Indonesia; also invested in 67% equity
stake in Adib Cold Logistics (ACL)
REGIONAL EXPANSION
ALONG WITHSTRONG PARTNERS
JWD acquire 23.94% stake in TRANSIMEX CORPORATION, the
3rd largest integrated logistics service provider in Vietnam.
Joint Venture with CJ Logistics to provide logistics solutions serving
the booming e-commerce segments
GFS has 60% equity stake in CSLF, a Taiwan-based food service firm that owns
frozen ready-to-eat food brands as well as imports and sells food products
bearing international brands
Joint Venture with Bokseng Singapore to integrated in project
cargo business
Joint Venture with Store it to provide a self storage
business
Vietnam
20
The first JWD Regional Commercial Conference 2019 in BKK
“ Make every logistics tasks easier through the power of collaboration ”
21
Major Feature
Parcel Specialized
Automatic facility
By knowhow of Korea
One stop Fulfilment
Fulfillment Service
in Sorting Center
Best Location
Easy to access
Highway
BangnaMega Hub is fully automated warehouse with state of the art
logistics technologies from Korea with capacity up to 408,000 parcels per
day to support strong e-commerce growthMr. Hong Sung Yong, Executive of
Overseas Head Division from CJ
Logistics Corporations visited JWD
HQ to update business progress of
the JV firm 'CJ JWD' with JWD CEO
B2CLOGISTICS SOLUTIONS TO SERVE
E-COMMERCE SEGMENTS
22
B2B
JWD Bok Seng started business
operation on Mar 2019
Consist of 2 business operation
Project Cargo
Heavy Machine
KEY CUSTOMERS
ONE STOP MEGA PROJECT CARGO LOGISTICS
OVERSEAS
: VIETNAM
22
TRANSIMEX CORPORATION
817.0
2,829.1
3,083.8
1,577.5
204.5330.9 310.3
180.5228.5 280.6 311.9137.3
25.0%
11.7%10.1% 11.4%
0%
5%
10%
15%
20%
25%
30%
0
500
1000
1500
2000
2500
3000
3500
Y2016 Y2017 Y2018 YTD19
Revenue Gross Profit Net Profit Gross Profit Margin
Performance TMS
MM THB
*Exchange Rate As at Aug 15,2019
INVESTMENT
: CAMBODIA
24
First tenant : Sumitronics Manufacturing (Cambodia) Co., Ltd
started operation in May 2019.
POIPET PPSEZ PROJECT
Total area of 68.4 Ha.
Located 6 Km. of the Poipet city center, with access to
one of key border crossing points with Thailand in the
northwest of Cambodia
Strategically located with access to National Road No.5
(a designated part of the Asian Highway 1)
PPSEZ PROJECT (PPSP II)
Total area of 115 Ha.
Now buying in process, paid 75% still pending 25%
remaining balance approximately US$6.5 million to
be payable to landowners by PPSEZ within this year
25
Global Foodservice Network
Projection of Vegetable Cutting Project
268.1294.9
324.4350.3 378.4
69.5 76.5 84.1 90.8 98.1
0.0
100.0
200.0
300.0
400.0
Y2020 Y2021 Y2022 Y2023 Y2024
Revenue Gross Profit
Vegetable Cutting Project
MM TWD
Fresh Baking Project
Projects Update
Vegetable Cutting Project
On process of constructing the facilities,
expect to operate on Jan 2020
Fresh Baking Project
Expand services from 17 to 66 branches and
70 branches more by September 2019
26
1 JWD Store it! Srikreetha
2 JWD Store it! Siam
Current Branches
Occupancy Rate
99 %
68 %
JWD Store it! Ramintra
JWD Store it! Thiamruammit
3
4
Y2019 Plan
* As at July 2019
Under Construction
Under Construction
27
Area & Occupancy Rate
Revenue
794 794 794 794 794 794
965 965 965 965
85.0%
65.0%
43.0%
56.0%
65.0%
75.0%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
200
400
600
800
1000
1200
1400
1600
1800
2000
Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19
Area at Srikreetha Area at Siam Occupancy Rate
0.90 0.89 1.16 1.19 1.23 1.21
0.001
0.13
1.19
1.551.90
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19
Srikreetha Siam
MM THB
SQ.M
AREA Safe Space 100 Sq.m.
CAPEX : 6 MB.
PHASE 1 : Safe 20 Modules : 520 Slots
OPEN : Expect to start operation end of August 2019
28
Located in JWD Store it : Siam branch, 3rd Floor
CAPEX 20 MB.
Construction 90%
Expected for a grand opening on Oct. 2019
Total Area 1,300 Sq.m.
Art Services
Pack & Move
Art installation
Art maintenance
Art record &
database for
collectors
Art exhibition
Work shop & Artist talk
Artist & Collector meeting
Art Consulting Services
Exhibition
Contest
Logistics solutions
29
04 FINANCIAL PERFORMANCE
30
649.5 751.4
848.2
479.1
192.6 246.6 232.5
29.3%31.0%
26.4%
28.0%25.3% 28.1% 28.0%
0%
10%
20%
30%
40%
0
200
400
600
800
1,000
1,200
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Gross Profit Gross Profit Margin
Revenue from Rental & Services
Gross Profit and Gross Profit Margin
MM THB
Revenue breakdown
Revenue for Q2-2019 was THB 830.3 mm, increased 9.2 YoY ,the
increased revenue was mainly due to higher revenue from warehouse
and yard management business, transportation and distribution
business and food service business.
For Q2-2019 gross margin was 28.0%.
60%
14%
8%
3%
14%
1%
Warehouse/Yard Management Transport & Distribution
Relocation & Freight Forwarding Records & Info. Management
Food Services Other Services
Automotive
Cold chain
General Goods
18%
29%
23%
30%
Dangerous Goods
MM THB
2,219.4 2,423.3 3,208.0 1,708.9 760.1 878.5 830.3
25.848.5
75.9
57.4
20.7 18.3 39.1
0.0
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
3,500.0
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Interest income,Dividend income and Other income
Revenue from rental and rendering of services
780.8896.8
1,766.2869.4
2,471.82,245.2
3,283.9
31
Dangerous Goods Yard Throughput
171,110 171,991
88,71442,233 44,199 44,515
-
50,000
100,000
150,000
200,000
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
428.0 462.7497.3
284.9
125.6 139.4 145.4161.1 182.0 207.4 130.4
52.9 65.4 65.1
37.6% 39.3% 41.7%45.8%
42.1%46.9% 44.7%
0%
10%
20%
30%
40%
50%
60%
0
200
400
600
800
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revenue Gross Profit Gross Profit Margin
MM THBTEU*
*TEU = Twenty-Equivalent Unit
Area & Occupancy Rate Revenue & Gross Profit
129,306 129,306
122,727
129,306 122,727 122,727
68.6%74.2%
84.1%
68.6%
83.7% 84.5%
0%
20%
40%
60%
80%
100%
-
50,000
100,000
150,000
200,000
250,000
300,000
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Area Occupancy Rate
Sq.m.
329.8 320.7 318.8
169.6
75.1 82.7 86.9 53.0 33.7 32.6 38.2
2.4 17.3 20.9
16.1%
10.5%10.2%
22.5%
3.2%
20.9%24.1%
0%
5%
10%
15%
20%
25%
30%
35%
40%
-
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revenue Gross Profit Gross Profit Margin
MM THB
Warehouse & Yard Management: General Goods + Chemical Warehouses
Warehouse & Yard Management: Dangerous Goods Terminal
Revenue & Gross Profit
32
382.3429.2 437.5
230.0
104.3 115.7 114.3120.0 147.2 143.5
76.6 32.9 37.9 38.7
31.4%34.3% 32.8% 33.3% 31.5% 32.8% 33.8%
0%
10%
20%
30%
40%
0.0
200.0
400.0
600.0
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revenue Gross Profit Gross Profit Margin
395,287 395,287 395,287 395,287 395,287 395,287
204,800 204,800 204,800 204,800 204,800 204,800
88.3% 85.0% 89.1% 85.0% 87.9% 90.3%
0%
20%
40%
60%
80%
100%
-
200,000
400,000
600,000
800,000
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
On-Site Area
Yard Area
Sq.m. MM THB
57,127 60,227 63,327 57,127 63,327 63,327
66.9%
84.1%78.2%
87.8%77.7% 78.6%
0%
20%
40%
60%
80%
100%
-
20,000
40,000
60,000
80,000
100,000
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Warehouse Area Occupancy Rate
Sq.m.
372.7449.5
604.0
304.1
151.3 156.1 148.0139.3 194.1
237.8
122.8 60.7 63.3 59.5
37.4%43.2%
39.4%
40.4% 40.1%40.6%
40.2%
0%
20%
40%
60%
0
200
400
600
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revenue Gross Profit Gross Profit Margin
MM THB
Warehouse & Yard Management: Automotive
Area & Occupancy Rate Revenue & Gross Profit
Warehouse & Yard Management: Cold Storage
Area & Occupancy Rate Revenue & Gross Profit
33
330.0379.6
497.2
249.2
122.1 129.2 120.170.1 69.7 80.8
40.6 15.7 23.1 17.6
21.2%
18.4%16.3% 16.3%
12.9%
17.8%
14.6%
0%
5%
10%
15%
20%
25%
0.0
100.0
200.0
300.0
400.0
500.0
600.0
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revenue Gross Profit Gross Profit Margin
174,896
261,187
127,966
69,859 62,598 65,368
-
50,000
100,000
150,000
200,000
250,000
300,000
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
No. of Trips MM THB
6,056 5,188
2,264
1,269 922 1,342
-
2,000
4,000
6,000
8,000
10,000
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
No. of Jobs
255.8 267.5
323.2
128.2
80.5 66.2 62.074.3 74.1 78.0
34.3 19.6 16.4 17.9
29.0%
27.7%
24.1%
26.8%24.3% 24.8%
28.9%
0%
10%
20%
30%
0
100
200
300
400
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revenue Gross Profit Gross Profit Margin
MM THB
* including internal transportation services
Transportation & Distribution
No. of Trips * Revenue & Gross Profit
Relocation Service
No. of Jobs Revenue & Gross Profit
34
92.5 98.4106.7
55.2
25.3 27.8 27.3
56.5 60.6 53.2
25.1 12.5 12.8 12.3
61.1% 61.6%
49.9%
45.5%
49.4%46.0% 45.0%
0%
10%
20%
30%
40%
50%
60%
70%
0
50
100
150
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Revenue Gross Profit Gross Profit Margin
833,528 871,761 905,265 867,967
890,203 920,327
-
200,000
400,000
600,000
800,000
1,000,000
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
No. of Cartons
MM THB
Record & Info Management
No. of Cartons Revenue & Gross Profit
Food Service
MM THBMM THB
CSLF Past Performance Revenue and Gross Profit
302.6
523.5575.8 594.2
267.4
58.8 89.7 92.4
59.7 24.7 5.5 20.3 18.4 11.6 2.1
19.4%17.1% 16.0%
10.0%9.0%
0%
5%
10%
15%
20%
25%
0
100
200
300
400
500
600
Y2015 Y2016 Y2017 Y2018 YTD19Revenue Gross Profit Net Profit Gross Profit Margin
71.6
137.1
191.1
151.9
115.6
5.2 13.6 22.8 16.3 8.40.3 2.1 8.7 3.5-1.4
7.2%
9.9%
11.8%10.7%
7.0%
0%
2%
4%
6%
8%
10%
12%
14%
-50
0
50
100
150
200
250
Q2/18(Conso)
Q3/18(Conso)
Q4/18(Conso)
Q1/19(Conso)
Q2/19(Conso)
Revenue Gross Profit Net Profit Gross Profit Margin
Depreciation 11%
Employee 12%
Transport & Sub-Contract 20%
Utilities 6%Rental 12%
Revenue sharing 7%
Repair & Maintenance 23%
Others 8%
-8.9
204.4 238.4 169.048.7 89.2 79.8
121.7
407.7
13.7 5.4% 8.3% 7.4%9.6% 6.2%
9.9% 9.2%
-20%
-10%
0%
10%
20%
30%
40%
-200
-100
0
100
200
300
400
500
600
700
Y2016 Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
Net Core Profit Net Profit Net Core Profit Margin
612.1
252.1466.0 568.0
353.7
134.4 172.6 181.1
19.2%17.7%
20.0%
17.2%19.2%
20.8%
3.6%2.6%
2.9%
2.5% 2.9% 3.0%0%
5%
10%
15%
20%
25%
0
200
400
600
800
Y2017 Y2018 YTD19 Q2/18 Q1/19 Q2/19
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
Direct Cost SG&A
Q2-2019 Net core profit* 79.8 Million, higher than theprevious by, Baht 31.1 Million or 63.9% and net profit margin
of 9.2%.
* Net profit attributable to owners of the Company
MM THB
Employee expense62%
Depreciation 4%Selling expense
2%
Travelling 3%
Consult 10%
Insurance 1%
Others 18%35
Financial Position
1,550.5 2,210.7
1,922.0
2,124.0
894.0
890.9 1,991.0
3,167.5 3,095.4
333.6 350.4
1,252.7 1,244.4
1,603.7 2,222.0
Unit : MM THB
As at Dec 31, 2018
Current Assets
PPE
Current Liabilities
Long-Term Loans
Shareholder's Equity
As at June 30, 2019
6,912.2 6,912.2
1,686.6
Other Non-Current Liabilities
Investment Properties
Other Non-Current Assets
0.5x0.7x 0.5x
0.8x1.0x 1.2x
2.0x
4.3x4.6x
0.0x
1.0x
2.0x
3.0x
4.0x
5.0x
Y2017 Y2018 Q2/19
Interest Bearing Debt/Equity Debt/Equity Debt/EBITDA
36
Statement of Financial Position Key Financial Ratios
Cash Flows
6,357.5 6,357.5
(Unit : MM THB)Six-month Period Three-month Period
2018 2019 Q1/19 Q2/19
Cash and Cash Equivalents at 1 January 1,218.8 456.4 456.4 423.4
Operating Activities 76.1 316.6 171.5 145.1
Investing Activities (967.4) (707.2) (617.9) (89.3)
Financing Activities 122.1 356.7 407.9 (51.2)
Increase / (Decrease) in Cash and Cash Equivalents (769.2) (33.9) (38.5) 4.6
Impact of foreign exchange rates (6.9) 9.9 2.9 7.0
Net Increase / (Decrease) in Cash and Cash Equivalents (776.1) (24.0) (35.6) 11.6
Cash included disposal assets group classified as held for sales (1.5) 2.6 2.6 -
Cash and Cash Equivalents at 30 June 441.2 435.0 423.4 435.0
Q&A
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
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