Company Overview. Lock&Lock Co. Ltd. Joon-il Kim, Sung-Tae Kim. Establish (KOSPI) 27,500,000,000 (KRW)

Transcription

1 IR Book Q

2 1. Company Overview 2. Company History 3. Assets 4. Organization Chart 5. Stock Ownership 6. Product Portfolio 7. Brand Power 8. Intellectual Property 9. Overseas Plants 10. Overseas Sales 11. Logistics Networks 12. Growth Strategy 13. Business Model 14. Sales and Profit(Consolidated) 15. Geographical Sales Mix 16. Appendix Certain information contained in these materials represents or is based on forwardlooking statements or information. Forward-looking statements are inherently uncertain and changing factors, general or specific, may cause events or results to differ from those discussed in the materials. Therefore, undue reliance should not be placed on such statements or the conclusions drawn from them. Lock&Lock 16.2Q - 2

3 Company Overview Name CEO Lock&Lock Co. Ltd. Joon-il Kim, Sung-Tae Kim Establish IPO Share Outstanding Capital Number of Employees Logistics Center in Korea Overseas Plants Overseas Branches Homepage (KOSPI) 55,000,000 (Face value 500 KRW) 27,500,000,000 (KRW) 4,711 (Including overseas employees) Asan(Automated logistics center), Ansung China(Suzhou, Weihai2), Vietnam(DongNai, VungTau) China(Shanghai, Shenzhen, Beijing, Shandong, Guangzhou, Suzhou) Vietnam (HoChiMinh, Hanoi) Indonesia, Thailand, Germany [ Update on ] Lock&Lock 16.2Q - 3

4 Lock&Lock History Establish Brand Integration Global No.1 Sales(E) 450bn Sales 407bn Sales 422bn Sales 502bn Sales 508bn Sales 476bn Sales 386bn Established KUKJIN Distribution Launched the food container L&L. QVC launching. (Home shopping) Inroads into Chinese market. Factory completed in Asan Chinese factory completed Sales entities established in Indonesia and Vietnam. Listed on KOSPI. 1st franchise opened. Cookware factory completed China, Korea, Vietnam, etc No.1 Brand Export to more than 100 countries. (unit: KRW) Lock&Lock 16.2Q - 4

5 Assets Current ratio [unit : %] 465.7% 285.3% 244.7% 263.5% 331.0% Q Assets and Liabilities (Consolidated) [unit : 100mm, KRW] '16.2Q Liability, 775 Equity, 6,413 '15 Liability, 1,165 Equity, 6,399 '14 Liability, 1,654 Equity, 6,304 '13 Liability, 1,817 Equity, 6,153 '12 Liability, 1,729 Equity, 5,850 [ Update on ] Lock&Lock 16.2Q - 5

6 Organization Korea China Vietnam Overseas Offices Domestic Sales Shanghai HaNoi Germany Overseas Sales Beijing HoChiMinh Indonesia Logistics Centers Shenzhen Dong Nai Plant Thailand Suzhou Shandong Vung Tau Plant -Glass -Cookware -Plastic Guangzhou Manshan Plant Suzhou Plant Lock&Lock 16.2Q - 6

7 Stock Ownership Name IPO Share Outstanding Major shareholder Lock&Lock Co. Ltd (KOSPI) 55,000,000 (Face value 500 KRW) The largest stockholder(include affiliated person) 63.70% National pension 5.01% Treasury stock 1.48% Foreign Investor Ownership 5.05% [ Update on ] Stockholder [ Update on ] The largest stockholder (include affiliated person) Individual stockholder Institutional investors 63.4% 21.8% 9.4% Foreigner 2.8% Others 2.7% Lock&Lock 16.2Q - 7

8 Product Portfolio Food Storage Containers + Kitchen Appliances Food storage containers (L&L classic, L&L special, L&L Bisfree, L&L ovenglass, etc) Outdoor (L&L aqua, L&L hot and cool, etc) Household items (L&L living box, Inplus, etc) Cookware (L&L Cookplus, Hard&Light etc) Kitchen appliances (L&L taste, L&L cutlery, etc) Character products (Kitty, Marvel, Disney, Hello bebe) L&L Hot&Cool L&L Bisfree L&L ovenglass Cookplus, Hard&Light L&L classic L&L aqua L&L Lunch Inplus Tontarelli Lock&Lock 16.2Q - 8

9 Brand Power Customer Confidence C-BPI No. 1(for 5 years) - Airtight containers C-BPI No. 1(for 4 years) - Thermos K-BPI No. 1(for 12 years) KWCI(Korea Well-Being Consumer Index) No. 1(for 7 years) Korea Brand Recommendation Index No. 1 By Vietnam economic times Consumer Confidence Top 100 items C-BPI K-BPI Vietnam Consumer Confidence Top 100 items Korea Brand Recommendat ion Index National Brand Competitiveness Index World class product of Korea LOHAS Lock&Lock 16.2Q - 9

10 Intellectual Property Property Procedure Korea Overseas Patents Application 2 1 Registered 4 22 Utility Models Application - 3 Registered 5 3 Designs Application Registered Trademarks Application Registered Service Mark Application 3 0 Registered 22 5 [ Update on ] Lock&Lock 16.2Q - 10

11 Overseas Plants China [Suzhou] Facilities : Injection Molding Machine 40, ISBM 3 Production capacity : 79,935,000 PCS/year Product line : Plastic Beverage Container, Character Product, etc. [Manshan] Facilities : Injection Molding Machine 39 Production capacity : 64,057,500 PCS /year Product line : Plastic Beverage Container, Trash can, etc. Vietnam [DongNai] Facilities : Injection Molding Machine 92 Production capacity : 124,246,000 PCS/year Product line : Plastic Beverage Container, etc. [VungTau] - Injection Facilities : Injection Molding Machine 87, ISBM 9, EBM 1 Production capacity : 163,337,500 PCS/year Product line : Plastic Beverage Container, Inplus, etc. [VungTau] - Cookware Production capacity : 5,831,000 PCS/year Product line : Plastic Hard & light, Salong, etc Lock&Lock 16.2Q - 11

12 Sales [Geographical Sales ] China 43.4% Korea 28.9% Asia, etc 15.7% America, Europe, etc 12.0% [ Updated on ] [Branches ] China(Shanghai, Beijing, Shenzhen, Shandong, Guangzhou, Suzhou) Vietnam(HoChiMinh, Hanoi) Indonesia(Jakarta) Thailand(Bangkok) Germany(Frankfurt) Lock&Lock 16.2Q - 12

13 Distribution Networks Wholesalers Convenience store, Local discount store, Local market, etc. On-line Lock&Lock mall, Open market, Online platform, Mobile. Social commerce. Brand shops Company-operated store, Franchise, Pop-up store, Warehouse open event. Hyper markets E-mart, Lotte mart, Homeplus, 丁香紫, 生活谷, Vinmart, Coop Mart, etc. TV shopping CJ-oshopping, GS SHOP HYUNDAI HOME SHOPPING, NSMALL, etc. Corporate customers(b2b) Company, Public office customer. Employee welfare, Freebie, Souvenir Mileage gift, ect. Lock&Lock 16.2Q - 13

14 Growth Strategy Accelerate our market into 2nd and 3rd tier cities in China. - Expected to grow online sales due to expansion of local online retail industries and online transaction promoting policies. - Expansion franchise and wholesale. Grow revenue in Vietnam. - Discount stores and B2B market growth. Improve efficiency of manufacturing facilities in China, Vietnam. Lock&Lock 16.2Q - 14

15 Growth Strategy Diversifying category New items (exclusively available at on-line stores) Mobile marketing Mobile -friendly contents User communities. Interactive communication with customers. SNS, Youtube, etc. K-Star ad. Only for on-line Mobile optimized Brand marketing ON-LINE Lock&Lock 16.2Q - 15

16 Business Model [ Lock & Lock moved beyond its image as a container company by adopting a T-shaped growth strategy to expand the scope.] Diversifying material & application. Expending business category into kitchenware and small home appliance. - Differentiation by our well-established brand image of safe and fresh. - High correlation with current business. - Sharing distribution channels and customers. Category Expanding Product Usage Home Textiles Organiz er Cook ware Water Bottle Kitche n Living Room Bed Room Out door PP Tritan Glass Diversifying material & application Ceramic Stainless Lock&Lock 16.2Q - 16

17 Sales and Profit(Consolidated) 6,000 Restructuring to Improve the profitability 1,300 5,084 5,017 4,761 1,000 4,000 3, ,216 4, , 년 2011 년 2012 년 2013 년 2014 년 2015 년 매출액 Sales 영업이익 OP 연결당기순이익 NP -200 Operating profit and net profit : Right vertical axis. [unit : 100mm, KRW] Lock&Lock 16.2Q - 17

18 Geographical Sales Mix China Korea Asia Etc % 27.4% 15.3% 10.7% % 32.4% 13.8% 8.7% % 26.2% 11.5% 7.7% % 30.8% 11.8% 6.1% % 35.6% 11.1% 8.7% * K- IFRS Consolidated, Region Breakdown (unit : %) Lock&Lock 16.2Q - 18

19 Appendix Quarterly Sales and Profit (Consolidated) Balance sheet(consolidated) Lock&Lock 16.2Q - 19

20 Quarterly Sales and Profit (Consolidated) [unit : 100mm, KRW, %] Q 2Q 3Q 4Q 1Q 2Q QoQ YoY Sales 891 1,045 1,036 1,099 1,040 1, % -2.6% COGS % -7.3% Gross Profit % 3.0% Sg&A Expenses % -8.3% Operating Profit % 47.9% Pretax income % 47.4% Net Profit % 156.1% [Sales] [OP, NP] 1,250 1, ,109 1,028 1,017 1,062 1,099 1,045 1,036 1,040 1, Q 14 2Q 14 3Q 14 4Q 14 1Q 15 2Q 15 3Q 15 4Q 15 1Q 16 2Q Sales OP NP [unit : 100mm, KRW] Lock&Lock 16.2Q - 20

21 Balance Sheet Summery(Consolidated) [unit : mm, KRW] H Gap Current assets 367, ,651-33,411 Non-current assets 389, ,121-4,287 Total assets 756, ,772-37,698 Current liabilities 110,896 71,810-39,086 Non-current liabilities 5,644 5, Total liabilities 116,540 77,509-39,032 Issued capital 27,500 27,500 - Capital surplus 314, ,809 - Capital adjustment -23,371-23,371 - Other Comprehensive income accumulated -8,482-14,699-6,217 Retained earnings 329, ,943 7,548 Non-controlling Interest Total equity 639, ,263 1,333 Total equity and liabilities 756, ,772-37,698 Lock&Lock 16.2Q - 21