Manufacturing in the Philippines

Transcription

1 Manufacturing in the Philippines フィリピンにおける製造 Presented by Arthur Tan CEO, Integrated Micro-Electronics, Inc (IMI) Group CEO, AC Industrial Technology Holdings Inc (Ayala) Source: 1

2 Outline The Philippines Automotive Industry Electronics Industry Source: 2

3 The Philippines フィリピンに関して 7.1% 5.9% GDP grew 5.9% in 2015 and 7.1% in Q years Population grew by 1.5% 102 Million years 65+ years Electronic Products & Equipment account for 43% of all exports Source: Euromonitor International 2016 Philippines Country Profile 3

4 The Philippines and the AEC フィリピンと ASEAN 経済共同体 With the launch of the ASEAN Economic Community, The Philippines is a strategic entry point to access the ASEAN market of more than 600 Million people. ASEAN Economic Community Population 621M 629M GDP $2,519B $2,432B GDP Growth 4.7% 4.7% Source: HKTDC Research DTI 4

5 Infrastructure Development インフラの発展性 The Philippines recognizes the importance of developing infrastructure. Roads Rail Php 211B Php 11B Php 146B Php 12B Air Ports Sea Ports Source: Infrastructure In-depth: Philippines KPMG 5

6 Competitive & Growing Skilled Labor Pool 競争力と知識を兼ね備えた労働者 ,706 Top 5 Fields for ,284 Number of Graduates 千 % Graduates are: Educated Trainable Customer Oriented Adaptable to different cultures Wage Increase in Manufacturing Lowest Increase Over 5 Years Business Administration % Indonesia Education Information Technology 20% 15% Vietnam China Medical 10% Thailand Engineering Others 5% 0% 5.5% 4.8% 4.8% 5.0% 4.9% Philippines Source: CHED Philstar DTI JETRO 6

7 Automotive Industry 載産業 Source: 7

8 ASEAN Vehicle Sales Performance ASEAN 車販売実績 百万 Passenger & Commercial Vehicle Units Sold (1%) Annualized values based on YTD Aug % Passenger Vehicles Commercial Vehicles 35% (11%) (4%) 5% Vietnam Brunei Thailand Singapore Philippines Malaysia Indonesia Growth Rate 1 2 Vehicle Sales Ranking 2015 Passenger Vehicles Indonesia 736,664 Units Malaysia 591,298 Units Commercial Vehicles Thailand 443,569 Units Indonesia 276,627 Units % 3 4 Thailand 356,063 Units Philippines 116,381 Units Philippines 172,228 Units Vietnam 93,039 Units Source: ASEAN Automotive Federation 8

9 ASEAN Vehicle Sales Forecast ASEAN 車販売フォーキャスト ASEAN is the 5 th Largest Automotive Market Globally ASEAN Market Size 1.7M Vehicles 2.5M Vehicles 3 6M Vehicles Growth in Sales 83,862 75,679 Philippines Vietnam Thailand Indonesia Thailand 26% 22% 33% Source: ASEAN Automotive Outlook 2016 by Research & Markets 9 9% Philippines Vietnam 7% Malaysia Indonesia

10 Philippines Passenger & Commercial Vehicle Sales フィリピン自動車 & 商用車販売 45% 30% 15% 0% 13% Passenger & Commercial Vehicles Sold 41% 21% projected 10% 10% 10% 10% Commercial Passenger Growth Rate 千 Units , , , , ,230 Passenger Vehicles 37% 63% Commercial Vehicles Top Five Brands Toyota Ford Mitsubishi Isuzu Honda Source: CAMPIAuto PhilStar 10

11 ASEAN Motorcycle & Scooter Sales ASEAN 二輪自動車 & スクーター販売 百万 Motorcycle & Scooter Units Sold (2%) (13%) (3%) % 5% 10% 15% Annualized values based on YTD Aug 2016 Thailand Singapore Philippines Malaysia Indonesia Growth Rate Motorcycle Sales Ranking Indonesia 6.7M Units Thailand 1.6M Units Philippines 850K Units Motorcycle Sales as of Aug Indonesia 3.9M Units Thailand 1.1M Units Philippines 737K Units Source: ASEAN Automotive Federation 11

12 Philippines Motorcycle & Scooter Sales フィリピン二輪自動車 & スクーター販売 Top Five Brands 千 3,000 2,500 30% projected 23% 23% 23% 23% 35% 30% 25% 2,000 20% Kymco Kawasaki Suzuki 1,500 1, % 8% 15% 10% 5% 0% Yamaha Honda 0 The Philippines will be the second largest motorcycle market in ASEAN by Units Growth Rate 2 nd 3 rd 5% Philippines Thailand Source: ASEAN Automotive Federation PhilStar 12

13 ASEAN Automotive Production ASEAN 自動車生産 千 Automotive Production by Country 0 (10%) (2%) 2% Annualized values based on YTD Aug % 2% 0% 2% 4% 6% 8% 10% 12% 4% Vietnam 49% Thailand 28% Indonesia 3.8M Units 16% Malaysia 3% Philippines 3,896,967 Total Vehicles 2,284,463 Passenger Vehicles 1,612,504 Commercial Vehicles Source: ASEAN Automotive Federation 13

14 ASEAN Motorcycle & Scooter Production ASEAN 二輪自動車 & スクーター生産 21% Thailand 9% Philippines 4% Malaysia 8.6M Units 66% Indonesia 百万 Motorcycle & Scooter Production by Country (3%) (13%) 5% 15% 1.Indonesia 5.6M 2.Thailand 1.8M 3.Philippines 0.7M 4.Malaysia 0.3M No available data for Vietnam 2 0 (21%) 25% Annualized values based on YTD Aug 2016 Source: 14

15 Philippines Sales Vs Production フィリピン販売 vs 生産 千 % Knockdown Automotive Sales vs Production Million Units By % Build Up 千 2,250 1, % Build Up Motorcycle & Scooter Sales vs Production 1,106 Increase Capacity by 150% By % Knockdown 1,011 2, ,126 Source: DTI 15

16 Bridging the Gap: Philippines Automotive Industry ギャップの橋渡し : フィリピン車載産業 Revitalizing the Automotive Industry Skilled and Capable Labor Pool Established supporting allied industries Government Programs Vehicle Manufacturers Parts & Components Manufacturers Growing market & improving economy Comprehensive Automotive Resurgence Program Comprehensive Motor Vehicle Development Program Restructured Motor Vehicle Development Program Industry Development Program Source: BOI Automotive Industry Roadmap 16

17 Electronics Manufacturing in the Philippines フィリピンにおける電 機器製造

18 Manufacturers in the Philippines フィリピンの製造業者 The Philippines is a manufacturing hub for many electronics companies, large and small, foreign and filipino. International Companies Include: Tsukiden Toshiba Shin Etsu Futaba Fujitsu Ten Filipino Companies :Include IMI Ionics Fastech Synergy Source: SEIPI 18

19 Electronics Manufacturing Export 電子部品の輸出 Philippine Exports in USD$ Billions Philippines Exports WITH Electronics Philippines Exports WITHOUT Electronics Source: PSA

20 The Philippines Electronics Export フィリピンにおける電子部品の輸出 Electronics Exports from January to July 2016 Telecom 2.73% Semicon 70.32% $16B USD Electronic Data Processing 18.56% その他 11.12% Control and Inst 2.33% Consumer Electronics 2.15% Comm/Radar 1.62% Office Equipment 1.25% Medical / Industrial 0.45% Automotive 0.6% Source: PSA 20

21 Automotive Electronics Segment 車載における電子部品分野 Automotive camera is forecasted to have a CAGR of 11% from CAGR 11% Increase in demand for luxury vehicles Growing influence of New Car Assessment Program (NCAP) Increased focus of insurance companies on safety measures due to road accidents $10B $17B Source: Markets and Markets

22 Industrial Electronics Segment 電子産業分野 Industrial electronics will grow at a CAGR 3.3% from CAGR 3.3% Product segments that will continue to grow to be PLCs, smart grid hardware, oil/gas technology investment, power supplies/batteries, semiconductor equipment, robotics, LED lighting, and clean energy $116B $136B Source: New Venture Research

23 Medical Electronics Segment 医療機器分野 Medical Electronics will grow at a CAGR 3.9% from Medical Diagnostics will experience most growth, which include X ray, MRI invitro tomography imaging and other measuring devices. Monitoring and Surgical electronics such as life support, ventilation and others will continue to add to growth of the segment $62B CAGR 3.9% $75B $75B Source: New Venture Research

24 Show IMI video $75B

25 AYALA GROUP PROFILE アヤラグループ概要 Ayala is one of the largest business groups in the Philippines with a portfolio that contains multiple engines of growth Ayalaはフィリピン最大の財閥グループの一つで 現在成長著しい多分野においてビジネスを展開しています For publicly listed entities: Approx. market cap (US$ Mn) Established 1834 Real Estate $11Bn Market cap: $10 billion+ Financial Services 47.2% $8Bn Leading and most diversified property developer in the country with the largest landbank $6Bn Pioneering financial institution and one of the most profitable banks in the country Power and Transport 2015 net profit: $1 billion+ Telecommunications 48.3% Ayala ownership % Water Utilities 30.7% $1.5Bn Leading digital lifestyle and content producer, supported by a robust telecom platform Industrial 48.5% Regional player in water infrastructure services and development Social Infrastructure AYALA EDUCATION 100.0% 100.0% 100.0% Emerging major player in power generation with a combination of both renewable and conventional power assets Growing portfolio of key transport infrastructure public private partnerships (PPPs) in the Philippines Developing an industrial technology group with focus on the Ayala group s emerging strength in automotive and manufacturing for global and domestic markets Source: Ayala Corporation 100.0% New investments in educational institutions delivering affordable high quality education to improve outcomes and employability 100.0% Developing a portfolio of businesses focused on affordable medicine and primary health care services

26 NEW SUBSIDIARY 新たな子会社 Ayala is now actively building a new industrial technology group around its existing manufacturing and automotive assets アヤラは現在 既存の製造や自動車産業に加え積極的に新しい事業分野の拡大を進めています AC Industrial Technology Holdings Inc. Global Manufacturing IMI Active deal Enabling Technologies Active deal Vehicle Sourcing Active deal ACPI Auto EMS (51%) Active deal Import/assembly (100%) VIA Displays (76%) KAMMI Assembly (66%) Active deal HCPI Import/assembly (13%) IPC Import/assembly (15%) Current legal entities Active deals Source: Corporate Strategy, Corporate Finance & Asset Management Vehicle Retail HCMI IADI Dealerships (100%) Dealerships (100%) Active deal IDI Dealerships (100%) AABSI Shared services (100%) ACEI Import (100%)

27 Thank you ご清聴ありがとうございました