P.C.S. Machine Group Holding PCL Business Report FY ended Dec. 2015
Financial Overview |
(in million THB) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | Rate of Change (%) | Factors | |
| Net Sales | 4,092.3 | 4,013.9 | 2.0 | 1) |
| Net Profit | 541.7 | 717.2 | (24.5) | 2) |
Factors
1) Net Sales
-The Company’s sales in the fiscal year ended December 31, 2015 increased by 2.0% from the previous year to THB 4,092.3 million. The increase in sales corresponded to an increase in production of vehicles within the country in 2015 by 1.8% over the previous year’s production.
2) Net Profit
-The Company’s net profit for the fiscal year ended December 31, 2015 was THB 541.7 million, a decrease of 24.5% from the previous year. The main driver for the decrease in net profit was an increase in cost of goods sold, which was a result of increased competition within the market. In addition, the Company invested heavily in capital during the year in preparation for several programs that were awarded, further increasing expenses.
Contracts
-The Company won a contract to produce trunnion shafts and cover heads for heavy-duty trucks worth approximately THB 500 million. The Company will begin production for the contract in 2016.
New contracts won
| Parts Supplied | Customer | Value (in millions THB) | Start of Production |
| Crankcases | European OEM | 170 | Q2 2016 |
| Shafts, brackets, housings and covers | Japanese OEM | 1,120 | Q3 2016 |
| Housings | Japanese OEM | 130 | Q3 2016 |
| Gears, covers and oil pans | European OEM | 2,300 | Q3 2016 |
| Brackets | Japanese OEM | 110 | Q1 2017 |
| Fuel rails | European Tier 1 supplier | 450 | Q1 2017 |
| Pressure plates | European Tier 1 supplier | 40 | Q1 2017 |
| Camshafts | Japanese OEM | 25 | Q4 2017 |
Awards
-PCS Precision Works Co., Ltd. won "2016 Outstanding Performance Supplier in Quality Performance" from Toyota Motor Thailand. (From a press release on April 7, 2017)
-In 2015, the Company’s subsidiary, P.C.S. Precision Works Co., Ltd. won The Best in Quality FY 2014 award from KYB Steering (Thailand) Co., Ltd.
Capital Expenditure |
(in million THB) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Total | 403.1 | 265.1 | 569.2 |
-The Company had a capital expenditure budget of THB 420 million for the fiscal year ended December 31, 2014 and allocated THB 580 million for the fiscal year ending December 31, 2015.
Investments in Thailand
-The Company expects to start a new production line during the third quarter of the fiscal year ending December 31, 2016 for the production of vehicle parts for motorcycles, large trucks, and green vehicles.