1. Export snapshot April 2018 EXPORT REVENUE OPERATIONAL HIGHLIGHTS
Triệu USD
T5 2017
T5 2018
% Tăng
5T 2017
5T 2018
% tăng
Kế Hoạch năm 2018
Export revenue
58.2
53.8
-7.4%
222.1
226.0
+1.8%
800
USA
22.9
16.4
-28.7%
84.4
73.8
-12.6%
Japan
17.2
14.1
+17.9%
60.8
51.5
-15.4%
EU 28
2.6
6.3
+141.7%
12.4
26.8
+116.6%
South Korea
3.6
3.8
+5.8%
17.0
19.1
+12.6%
Others
11.8
13.2
+12.1%
47.5
54.7
+15.3%
Export volume (tons)
4,547.0
4,637.0
+2.0%
17,500.0
19,538.0
+11.7%
63,000
Ordered value
107.1
126.1
+17.7%
323.2
366.7
+13.5%
Ordered volume (tons)
8,419.2
11,519.2
+36.9%
25,509.0
32,292.5
+26.6%
OPERATIONAL HIGHLIGHTS
Improved factory utilization thanks to new cold storage facility. Leveraging on the new storage capability, customers can make early orders in the low season, i.e. the first half of the year, store finished goods in Vietnam at a discounted rate and export to their home countries in the high season, i.e. the second half of the year. This not only helps customers to secure lower prices in the low season without spending too much on storage cost, but also help MPC to increase factory utilization in the low season.
Export revenue to the US and Japan declined despite higher ordered value due to higher utilization at MPC’s cold storage. Revenue will jump in H as stored goods are exported.
Enhanced inspection for Indian shrimp at EU border; a good opportunity for MPC. Currently, half of the shrimp containers imported from India to the EU will be inspected for antibiotic residuals at the EU border. This curtail the attractiveness of Indian shrimps as buyers are subject to additional storage cost and longer lead time due to the inspection. Without price competition from India, other exporters, including MPC, are able to command higher profit margins in the EU.
2018 PBT is on track to reach VND1.2tn, 15% higher than official guidance. Preliminary PBT already reached VND304bn in 5M 2018, jumped 97% vs 5M 2017.
S H A R I N G G O O D F O O D

2. Disclaimer
This presentation has been prepared by Minh Phu Seafood Corporation JSC (“The Company”). All statements in this presentation, other than historical facts, are based on private research which are presented solely for informational purposes. No representation or warranty, either express or implied, is provided in relation to accuracy, completeness or reliability of the information contained herein. The company do not accept responsibility for any losses or damages arising directly or indirectly from the use of this document.
The contents of this presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, for any purpose.
S H A R I N G G O O D F O O D