Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

RH Call Transcript 2017

Nov 13, 2017

52432_rns_2017-11-13_1e548ba2-6ede-4559-b195-4cd7fe58acb9.pdf

Call Transcript

Open in viewer

Opens in your device viewer

==> picture [58 x 119] intentionally omitted <==

==> picture [204 x 24] intentionally omitted <==

Code:4807

2017Q3 Earnings Conference

2017.11.14

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

Disclaimer

==> picture [6 x 23] intentionally omitted <==

==> picture [52 x 5] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

  • The following pages contain projections & estimates of financial information as well as the market and product developments for future periods. These projections & estimates are based on information currently available which we believe to be reliable, but they involve risks and uncertainties.

  • Our actual results of operation and financial condition may differ significantly from those contained in the projections & estimates.

  • These projections & estimates should not be interpreted as legally binding commitments.

2

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

Agenda

1.Overview

2.Business Highlights for 2017Q3 3.Competitive Advantages and

Future Growth Drivers 4.Q&A

www.regaljewelrygroup.com

3

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

1.Overview

Regal Holding Co., Ltd.

Code:4807

Established 2014.10.06

CEO PHACHARAPON PHAIBOONSUNTORN Share Capital NTD 381.6 M

Outstanding Shares 38,160,000

Principal Activities Thailand

Employees 3,500

4 1

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

2. Business Highlights for 2017Q3

==> picture [6 x 23] intentionally omitted <==

==> picture [52 x 5] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

Consolidated Condensed Income Statements

Unit ： NTD thousands

Items
2017Q3
2017Q2
2016Q3
QoQ
YoY
Amount
％
Amount
％
Amount
％
％
％
Operating revenues
608,440
100
498,803
100
393,144
100
22
55
Gross profit
181,420
30
162,288
33
123,575
31
12
47
Operating expenses
80,633
13
83,501
18
84,404
21
(3)
(4)
Operating income
100,787
17
78,787
15
39,171
10
28
157
Non-operating
income and expenses
(13,179)
(2)
(166)
-
(3,089)
(1)
7839
327
Profit before tax
87,608
15
78,621
15
36,082
9
11
143
Tax expense
21,882
4
25,796
5
11,511
3
(15)
90
Profit
65,726
11
52,825
10
24,571
6
24
167
Profit, attributable
to owners of parent
43,510
7
19,395
3
14,863
4
124
193
EPS(NTD)
1.14
0.57
0.46

2 5

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

~~Consolidated Condensed Balance Sheets~~

Unit：NTD thousands Unit：NTD thousands Unit：NTD thousands
Items 2017Q3 2017Q2 2016Q3
Amount ％
Amount		 ％
Amount		 ％
Cash and cash equivalents 564,834 38 633,018 38 448,639 34
Trade receivables 248,311 17 331,356 20 183,489 14
Inventories 261,786 18 330,848 20 293,186 22
Other current assets 34,706 2 24,517 1 31,083 2
Total current assets 1,109,637 75 1,319,739 79 956,397 72
Property, plant and equipment 323,189 22 316,259 19 330,839 25
Others 40,250 3 39,402 2 34,949 3
Total non-current assets 363,439 25 355,661 21 365,788 28
Total assets 1,473,076 100 1,675,400 100 1,322,185 100
Total current liabilities 348,810 23 617,504 37 625,616 48
Total non-current liabilities 47,815 3 46,219 3 21,393 1
Total liabilities 396,625 26 663,723 40 647,009 49
Total equity 1,076,451 74 1,011,677 60 675,176 51
Total liabilities and equity 1,473,076 100 1,675,400 100 1,322,185 100

3 6

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

~~2017 Q3 Major Sales Territory~~

North America 15%

Europe

20%

Asia 65%

4 7

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

~~Major Categories~~

  • Pendants

  • Bracelets /Bangles

  • Earrings

  • Rings

  • Necklaces

==> picture [719 x 132] intentionally omitted <==

5 8

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

~~Operating Revenues – Major Categories~~

Unit：NTD thousands Unit：NTD thousands Unit：NTD thousands Unit：NTD thousands Unit：NTD thousands Unit：NTD thousands Unit：NTD thousands
MajorCategories 2017Q3 2017Q2 2016Q3
Amount ％ Amount ％ Amount ％
Pendants 235,102 39 133,555 27 126,361 32
Bracelets /Bangles 218,702 36 242,718 49 103,137 27
Earrings 45,616 7 46,843 9 52,011 13
Rings 44,377 7 41,672 8 85,896 22
Necklaces 33,457 6 32,856 7 24,327 6
Others 31,185 5 1,159 - 1,412 -
Total 608,440 100 498,803 100 393,144 100

6 9

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

Global Jewelry Market Survey

Unit: USD millions

2015
Market Size		 % of
Market		 CAGR
2010-15		 2016
Growth		 CAGR
2015-20		 CAGR
2015-20
World 309,839 100% 9% 4% 387,671 5%
Asia Pacific 183,732 59% 14% 4% 243,842 6%
- China 96,760 31% 15% 4% 135,248 7%
- India 46,527 15% 20% 6% 60,585 5%
North America 69,239 22% 5% 3% 80,380 3%
Western Europe 29,044 9% -1% 1% 30,426 1%
Eastern Europe 8,306 3% 9% -4% 8,931 1%
Latin America 7,664 2% 7% 4% 9,035 3%
Middle East & Africa 8,567 3% 8% 7% 11,887 7%
Australasia 3,287 1% 2% -5% 3,170 -1%

Source : Euromonitor International , Bloomberg

Note: Market Size as Retail Value in Millions USD. Historic CAGR Uses Current Prices. Forecast CAGR Uses Constant 2015 Prices

Global jewelry retail value is expected to grow 5% annually from the year of 2015 amounted to USD 310 billions to the year of 2020 projecting USD 390 billions, based on Euromonitor data.

10 7

www.regaljewelrygroup.com

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

Global Jewelry Market Survey

==> picture [12 x 6] intentionally omitted <==

In 2015, market share of global branded jewelry retail value exceeds 20%, and is expected to grow continuously, by 2020, the penetration rate of branded jewelry will be uplifted to range from 30% to 40%.

2015 global jewelry retail value around USD310 Billions

UNBRANDED BRANDED

==> picture [522 x 40] intentionally omitted <==

Source：Luxe.Co、Pandora、McKinsey

Uplifting the penetration rate of branded jewelry mainly comes from 3 Types of Consumers:

1. New wealth

2. Emerging market consumers

3. Young customers

11 8

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

Global Jewelry Market Survey

Jewelry Price Segment and Market Share

==> picture [643 x 312] intentionally omitted <==

----- Start of picture text -----

100
57%
90
UNBRANDED
80
70 BRANDED
60
50
40
30
20
25% 10
Folli Folli Links
0 Pandora Swarovski Tiffany VC&A
Graff
Morellato Monica Vinader Bulgari Cartier Harry Winston
. . .
affordable luxury jewelry luxury jewelry premium jewelry
€1,500 €1,500 – 10,000 € 10,000
----- End of picture text -----

Source ： Luxe.Co 、 Pandora 、 McKinsey

  • ➢ Affordable luxury jewelry represents 57% of global jewelry retail value.

  • ➢ The penetration rate of branded affordable luxury jewelry accounts for 25%.

12 9

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

~~3.Competitive Advantages and Future Growth~~ Drivers

Competitive Advantages

➢ Innovation-centric contemporary design capability.

  • ➢ Skilled craftsmanship.

➢ Flexible, expandable and high quality production stations.

  • ➢ High quality and full range of products - plating process.

ODM/OEM one-stop professional jewelry supplier

13 150

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

Future Growth Drivers

==> picture [6 x 23] intentionally omitted <==

==> picture [52 x 5] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

  • ➢ Develop new customers.

  • ➢ Increase ODM business from major customers.

  • ➢ Robust innovation and design capability, develops a fully range of jewelry categories, and provides differential and price/performance products to uplift long-term competitiveness, growth and profitability.

  • ➢ Enhance digital-platform customized lean one-stop service speed and value.

14 11

www.regaljewelrygroup.com

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

4.Q & A

==> picture [6 x 23] intentionally omitted <==

==> picture [52 x 5] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

==> picture [612 x 345] intentionally omitted <==

15

==> picture [12 x 6] intentionally omitted <==

==> picture [6 x 44] intentionally omitted <==

==> picture [5 x 46] intentionally omitted <==

==> picture [6 x 23] intentionally omitted <==

==> picture [52 x 5] intentionally omitted <==

==> picture [5 x 18] intentionally omitted <==

==> picture [47 x 96] intentionally omitted <==

==> picture [286 x 26] intentionally omitted <==

Code:4807

16 12

www.regaljewelrygroup.com

More from RH

Earnings Release 2026
Jun 3
Regulatory Filings 2026
May 27
Notice of Dividend Amount 2026
May 26
Regulatory Filings 2026
May 20
Interim / Quarterly Report 2026
May 14
Interim / Quarterly Report 2026
May 14
Interim / Quarterly Report 2026
May 14
Interim / Quarterly Report 2026
May 14
Interim / Quarterly Report 2026
May 14
Interim / Quarterly Report 2026
May 14
View all filings →