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Manufacturing in the Philippinesフィリピンにおける製造
Presented byArthur Tan
CEO, Integrated Micro-Electronics, Inc (IMI)Group CEO, AC Industrial Technology Holdings Inc (Ayala)
The Philippines フィリピンに関して
3Source: Euromonitor International 2016 Philippines Country Profile
5.9%7.1%
GDP grew 5.9% in 2015 and 7.1% in Q3 2016
15‐64years0‐14
years
65+years
102Million
Population grew by 1.5%
Electronic Products & Equipment account for 43% of all exports
The Philippines and the AEC フィリピンとASEAN経済共同体
Source: HKTDC Research | DTI 4
2014 2015
Population 621M 629M
GDP $2,519B $2,432B
GDP Growth 4.7% 4.7%
ASEAN Economic Community
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.
Infrastructure Development インフラの発展性
Source: Infrastructure In-depth: Philippines | KPMG 5
The Philippines recognizes the importance of developing infrastructure.
• Sea Ports• Air Ports
• Rail• Roads
Php211BPhp211B
Php146BPhp146B
Php12BPhp12B
Php11BPhp11B
Competitive & Growing Skilled Labor Pool競争力と知識を兼ね備えた労働者
Source: CHED | Philstar | DTI | JETRO 6
189.041
99.722
84.857
75.754
66.005
140.905
0 50 100 150 200千
Business Administration
EducationInformation Technology
Medical
EngineeringOthers
Top 5 Fields for 2015
• Educated• Trainable• Customer‐Oriented• Adaptable to different cultures
Graduates are:Graduates are:
2014
2015
553,706
656,284
Wage Increase in ManufacturingLowest Increase Over 5 Years
5.5% 4.8% 4.8% 5.0% 4.9%0%
5%
10%
15%
20%
25%
30%
2012 2013 2014 2015 2016
Philippines
Thailand
Vietnam
Indonesia
China
Number of Graduates
ASEAN Vehicle Sales Performance ASEAN 車販売実績
Source: ASEAN Automotive Federation 8
(11%)
(4%)
(1%)
‐15%
‐5%
0
0.75
1.5
2.25
3
3.75
2014 2015 2016
百万
Passenger & Commercial Vehicle Units Sold
Vietnam
Brunei
Thailand
Singapore
Philippines
Malaysia
Indonesia
Growth Rate
35%
65%Passenger Vehicles
Commercial Vehicles
Passenger Vehicles
Commercial Vehicles
1 Indonesia736,664 Units
Thailand443,569 Units
2 Malaysia591,298 Units
Indonesia276,627 Units
3 Thailand356,063 Units
Philippines172,228 Units
4 Philippines116,381 Units
Vietnam93,039 Units
Vehicle Sales Ranking 2015
Annualized values based on YTD Aug 2016
ASEAN Vehicle Sales Forecast ASEAN車販売フォーキャスト
Source: ASEAN Automotive Outlook 2016 by Research & Markets 9
1.7MVehicles1.7M
Vehicles2.5M
Vehicles2.5M
Vehicles3‐6M
Vehicles3‐6M
Vehicles
2004 2010 2015‐2020
ASEANMarket Size
33%
22%9%
26%
7%
Philippines
Thailand
Malaysia
Indonesia
Vietnam
PhilippinesVietnam
ThailandIndonesia
83,862
75,679
ASEAN is the 5th Largest Automotive Market Globally
Growth in
Sales
13%
41%
21%
10% 10% 10% 10%
0
200
400
600
0%
15%
30%
45%
2014 2015 2016 2017 2018 2019 2020
千
Passenger & Commercial Vehicles Sold
Commercial Passenger Growth Rate
Philippines Passenger & Commercial Vehicle Salesフィリピン 自動車&商用車販売
Source: CAMPIAuto | PhilStar 10
projected
63%
37%Passenger Vehicles
Commercial VehiclesFord
Toyota Isuzu
HondaTop Five Brands
Mitsubishi
Units
2016 348,494
2017 383,343
2018 421,678
2019 463,846
2020 510,230
ASEAN Motorcycle & Scooter SalesASEAN 二輪自動車&スクーター販売
11Source: ASEAN Automotive Federation
(2%)
(13%)
(3%)
‐15%
‐10%
‐5%
0%
0
3
6
9
12
2014 2015 2016
百万
Motorcycle & Scooter Units Sold
Thailand
Singapore
Philippines
Malaysia
Indonesia
Growth Rate
Annualized values based on YTD Aug 2016
1 Indonesia6.7M Units
2 Thailand1.6M Units
3 Philippines850K Units
Motorcycle Sales Ranking 2015
1 Indonesia3.9M Units
2 Thailand1.1M Units
3 Philippines737K Units
Motorcycle Sales as of Aug 2016
Philippines’ Motorcycle & Scooter Salesフィリピン 二輪自動車&スクーター販売
Source: ASEAN Automotive Federation | PhilStar 12
5%8%
30%
23% 23% 23% 23%
‐5%
0%
5%
10%
15%
20%
25%
30%
35%
0
500
1,000
1,500
2,000
2,500
3,000
2014 2015 2016 2017 2018 2019 2020
千
Units Growth Rate
projected
Honda
Kawasaki
Kymco
Yamaha
Suzuki
Top Five Brands
The Philippines will be the second largest motorcycle market in ASEAN by 2020
Philippines
Thailand2nd
3rd
ASEAN Automotive Production ASEAN 自動車生産
Source: ASEAN Automotive Federation 13
(10%)
(2%)
2%
‐12%
‐10%
‐8%
‐6%
‐4%
‐2%
0%
2%
4%
0
750
1500
2250
3000
3750
4500
2014 2015 2016
千
Automotive Production by Country28%
16%
3%49%
4%
Annualized values based on YTD Aug
2016
Thailand
Malaysia
Indonesia
Vietnam
Philippines
3,896,967 Total Vehicles2,284,463 Passenger Vehicles
1,612,504 Commercial Vehicles
3.8MUnits
ASEAN Motorcycle & Scooter ProductionASEAN 二輪自動車&スクーター生産
14Source:
(3%)
(21%)
(13%)
‐25%
‐15%
‐5%
0
2
4
6
8
10
2014 2015 2016
百万
Motorcycle & Scooter Production by Country
66%4%
9%
21%
Annualized values based on YTD Aug 2016
Thailand
Malaysia Indonesia
Philippines
No available data for Vietnam
1.Indonesia 5.6M2.Thailand 1.8M3.Philippines 0.7M4.Malaysia 0.3M
8.6MUnits
Philippines Sales Vs Production フィリピン 販売vs生産
15
205289
348
510
89 99 111
375
0
100
200
300
400
500
2014 2015 2016 2020
千
Automotive Sales vs Production
Source: DTI
Increase Capacity by
150%By 2020
70%Knockdown
30%Build Up
790 8511,106
2,530
755 7961,011
2,126
0
750
1,500
2,250
2014 2015 2016 2020
千
Motorcycle & Scooter Sales vs Production
2.5 Million UnitsBy 2020
95%Knockdown
5%Build Up
•Comprehensive Automotive Resurgence Program•Comprehensive Motor Vehicle Development Program
•Restructured Motor Vehicle Development Program• Industry Development Program
Government Programs
Bridging the Gap: Philippines Automotive Industryギャップの橋渡し: フィリピン車載産業
16Source: BOI Automotive Industry Roadmap
Revitalizing the Automotive Industry
Established supporting allied industries
Growing market & improving
economy
Skilledand Capable Labor Pool
Parts & ComponentsManufacturers
Vehicle Manufacturers
Manufacturers in the Philippines フィリピンの製造業者
18Source: SEIPI
The Philippines is a manufacturing hub for many electronics companies, large and small, foreign and filipino.
International Companies Include: Tsukiden
ToshibaShin Etsu
Fujitsu TenFutaba
IMIIonicsFastech Synergy
Filipino Companies:Include
Electronics Manufacturing Export 電子部品の輸出
2529
3336
33
4852
5762 59
2011 2012 2013 2014 2015
Philippine Exports in USD$ BillionsPhilippines’ Exports WITH Electronics
Philippines’ Exports WITHOUT Electronics
Source: PSA
The Philippines Electronics Exportフィリピンにおける電子部品の輸出
20Source: PSA
Semicon70.32%
Electronic Data Processing 18.56%
Telecom2.73%
Control and Inst2.33%
Consumer Electronics 2.15%
Comm/Radar1.62%
Office Equipment 1.25%
その他11.12%
Electronics Exports from January to July 2016
Medical / Industrial 0.45%Automotive 0.6%
$16BUSD
Automotive camera is forecasted to have a CAGR of 11% from 2015‐2020
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
Automotive Electronics Segment 車載における電子部品分野
2015 2020
CAGR
$10B
$17B
11%
Source: Markets and Markets
Industrial Electronics Segment 電子産業分野
Source: New Venture Research
CAGR
3.3%
2015 2020
$136B
$116B
Industrial electronics will grow at a CAGR 3.3% from 2015‐2020
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
$75B
Medical Electronics Segment 医療機器分野
Source: New Venture Research
2015 2020
CAGR
$62B
$75B
3.9%
Medical Electronics will grow at a CAGR 3.9% from 2015‐2020
Medical Diagnostics will experience most growth, which include X‐ray, MRI in‐vitro tomography imaging and other measuring devices.
Monitoring and Surgical electronics such as life support, ventilation and others will continue to add to growth of the segment
Source: |
Ayala is one of the largest business groups in the Philippines with a portfolio that contains multiple engines of growthAyalaはフィリピン最大の財閥グループの一つで、現在成長著しい多分野においてビジネスを展開しています。
AYALA GROUP PROFILE アヤラグループ概要
• Ayala Corporation
Leading and most diversified property developer in the country with the largest landbank
Pioneering financial institution and one of the most profitable banks in the country
Regional player in water infrastructure services and development
Leading digital lifestyle and content producer, supported by a robust telecom platform
100.0% 100.0%
New investments in educational institutions delivering affordable high quality education to improve outcomes and employability
100.0%
Real Estate Financial Services Telecommunications Water Utilities
Power and Transport Industrial Social Infrastructure
Developing a portfolio of businesses focused on affordable medicine and primary health care services
100.0%
A Y A L AE D U C A T I O N
Emerging major player in power generation with a combination of both renewable and conventional power assets
Growing portfolio of key transport infrastructure public‐private‐partnerships (PPPs) in the Philippines
Approx. market cap (US$ Mn) Ayala ownership %
For publicly listed entities:
$11Bn 47.2% $8Bn 48.3% $6Bn 30.7% $1.5Bn 48.5%
Developing an industrial technology group with focus on the Ayala group’s emerging strength in automotive and manufacturing for global and domestic markets
100.0%
Established 1834 Market cap: $10 billion+ 2015 net profit: $1 billion+
Source: |
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。
NEW SUBSIDIARY 新たな子会社
• Corporate Strategy, Corporate Finance & Asset Management
Vehicle RetailEnabling TechnologiesGlobal Manufacturing Vehicle Sourcing
ACPIImport/assembly
(100%)
HCPIImport/assembly
(13%)
IPCImport/assembly
(15%)
ACEIImport(100%)
KAMMIAssembly
(66%)
Active deal
Active dealIMIAuto EMS
(51%)
VIADisplays
(76%)
Active deal
Active dealActive deal HCMIDealerships
(100%)
IADIDealerships
(100%)
IDIDealerships
(100%)
AABSIShared services
(100%)
Active deal
Current legal entities
Active deals
AC Industrial Technology Holdings Inc.