LOGO Opportunity Day TIRATHAI PUBLIC COMPANY LIMITED August 16,2010
Contents Company Profile Business Products Electrical Demand Overview Structure of Income & Q2 Operating Results Business Forecast for 2010
TIRATHAI & It s subsidiary TIRATHAI PUBLIC COMPANY LIMITED (Plant II Head Office) Manufacture for Power transformer Capacity up to 300 MVA System voltage up to 230 kv TIRATHAI PUBLIC COMPANY THAIFINS COMPANY LIMITED LIMITED (Plant I) Manufacture for Transformer s fins and Tank Manufacture for Distribution transformer support to Tirathai public Company Limited Capacity up to 10 MVA System voltage up to 36 kv
Transmission Line PRIVATE SUBSTATION Big Industry > 10 MVA Transmission line 230, 115, 69 kv Power Plant Step up Transformer Transmission line 500, 230, 115 kv Transmission line 230, 115, 69 kv 6.6, 22, 33 24 kv MEA S SUBSTATION ~60 MVA PEA S SUBSTATION ~60 MVA 6.6, 3.3 416/240, 400/230 kv Distribution line Distribution line 24, 12/24 kv 22, 33 kv Infrastructure & Housing 416/240 V Industry & Big Building 400/230 V
Product of TIRATHAI Power Transformer Capacity 5-300 MVA Rated Voltage 230 kv. Distribution Transformer Capacity 1-100 MVA Rated Voltage 36 kv. Rectifier & Induction Furnace Capacity 1-10 MVA Rated Voltage 36 kv.
Missions & Visions Visions To be a leading transformer manufacturer in South-East Asia To meet Customers needs To maintain good image of the organization Missions Determined to develop the technology and efficiency of its production for excellence of transformer manufacturing Develop personnel at all levels to obtain the required knowledge and abilities by means of Team work, Integrity, Quality and Customer Focus Create the added value to shareholders and social responsibilities, as well as fair treatment to all stakeholders
Company Goals TRT is a Thai manufacturer of transformer who produced variety of quality Transformer products with international standard upon customers needs and satisfaction. TRT also provides variety quality service to meet our customers demands. Having production capacity to produce up to 300 MVA with Voltage 230 KV of Power Transformer in order to cope up with the incremental Electricity Demand both locally and regionally. Being a leading transformer manufacturer in South-East Asia Region
Electricity Demand Overview
Peak Electricity Demand 22,040.90 MW. 24,009.90 MW. 2010 2008 2009
Peak Electricity Demand Forecast MW increase MW % 2009 22,315 78.4 4.18 2010 23,249 934 5.67 2011 24,568 1,319 5.47 2012 25,913 1,345 4.92 2013 27,188 1,275 4.24 2014 28,341 1,153 3.96 2015 29,463 1,122122 438 4.38 2016 30,754 1,291 4.78 2017 32,225 1,471 4.54 2018 33,688 1,463 3.86 2019 34,988 1,300 3.85 2020 36,336 1,348 4.18 2021 37,856 1,520 3.84
Structure of Incomes and Operating
Structure of Incomes (by type of Customer) 2007 2008 2009 2010(F) - Government 409 775 703 690 -Local 619 479 706 520 -Export 313 755 730 580 - Service and Components of 68 132 84 100 Transformer 2400 2000 1600 1200 800 400 0 Million Baht 84 132 730 100 755 580 68 313 479 706 520 619 775 703 690 409 2007 2008 2009 2010(F) Service Export Total 1,409 2,106 2,223223 1,900 Local Government
Consolidated financial Statements Unit: Million Baht 2008 2009 30/6/2010 Total Revenue 2,138.46 2,263.68263 68 752.37 Revenue from Sales & Service 2,106.18 2,223.16 734.38 Gross Profit 579.21 581.66 228.38 EBITDA 335.97 343.55 144.99 EBIT 305.66 312.57 128.03 Net Profit 203.94 220.75 92.46 Total Assets 1,932.73 1,971.58 1,644.41 Total Liabilities 1,251.15 15 1,187.95187 792.08 Shareholders' Equity 665.21 783.63 852.33 Financial Ratio Gross Profit Margin (%) 27.50% 26.16% 31.09% Net Profit Margin (%) 9.54% 9.75% 12.29% Return on Asset (%) 18.87% 16.07% N/A Return on Equity (%) 35.07% 30.47% N/A Book Value Per Share(Par1Baht) 3.28 3.86 3.57 Earning Per Share 1.01 1.09 0.39 Dividend Per Share 0.51 0.55 N/A
Financial Highlight
Financial Highlight
Debt to Equity Ratio 2 D/E ratio 1.88 1.5 1.63 1.52 1 0.93 0.5 0 2007 2008 2009 2010 (Q2)
Financial Highlight As of 28/12/2007 30/12/2008 30/12/2009 11/08/2010 P/E 8.03 6.90 4.77 7.01 P/BV 1.45 1.57 1.88 1.51 Dividend Yield (%) - 7.62 8.02 8.96 Last Price (Baht) at par 1 Baht 3.28 4.00 6.30 5.90 Market Capital (Million 663.6565 810.57 1,276.65 65 1,464.06 Baht)
Business Forecast for 2010
Target 2010 Revenue from Sales 1,800 1,900 F M Baht lower than 2009 appx.20% duetothe the State of Economy and the Political situation resulted in postponement of orders.
Orders Receive 2007 2008 2009 2010(F) M Baht M Baht M Baht M Baht Domestic Order Distribution Transformers 554.95 745.57 578.80 650 Power Transformer 622.68 899.59 429.59 850 Total of Domestic Orders 1,177.63 1,645.16 1,008.39 1,500 Overseas Orders Distribution Transformer 201.74 393.89 163.98 150 Power Transformer 818.54 341.79 132.62 650 Total of Overseas Orders 1,020.28 735.68 296.60 800 Total of Domestic and Overseas Orders 2,197.90 2,380.84 1,304.99 2,300
Orders Receive and Backlog Orders
Order, Bids, Quotations in Process MEA Total 1,800 M Baht PEA Total 1,800 M Baht Local Total 1,800 M Baht Export Total 1,000 M Baht Total 6,400 M Baht *** Expect to receive the above orders approximately 20 30%
LOGO TIRATHAI PUBLIC COMPANY LOMITED
LOGO TIRATHAI PUBLIC COMPANY LOMITED