TIRATHAI PUBLIC COMPANY LIMITED OPPORTUNITY DAY ON 26 FEBRUARY 2015
Content 1 Company Profile 2 Vision and Mission 3 Operating Result for the year 2014 4 Business Plan & Investment 5 Forecast for 2015 6 Question & Answer Page 2
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TIRATHAI & It s subsidiary TIRATHAI Public company Limited (Plant I ) Manufacture for Distribution transformer Capacity up to 10 MVA System Voltage up to 36 kv (Plant II Head Office) Manufacture for Power transformer Capacity up to 300 MVA System Voltage up to 230 kv THAIFINS Co.,ltd. Manufacture for Transformer s fins and Tank support to Tirathai Plc.,ltd. TIRATHAI E&S Co.,ltd. Distribution, installation maintenance service of electrical power equipment L.D.S. METAL WORK Co.,ltd. Manufacture for Tank and fabricate steel. Page 4
Transmission Line PRIVATE SUBSTATION Big Industry > 10 MVA Power Plant Step up Transformer Transmission line 500, 230, 115 kv Transmission line 230, 115, 69 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 Infrastructure & Housing 416/240 V Distribution line 24, 12/24 kv Page 5 Distribution line 22, 33 kv Industry & Big Building 400/230 V
Products 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. Page 6
Power Network Products POWER PLANT Tirathai E&S Co.,Ltd. TERMINAL STATION 230, 500 kv 69, 115 kv SUBSTATION 12, 22,24,33 kv 240/416, 230/400 V Page 7
Products of TRT E&S Aerial Crane Device and Digger Derrick Unit HV Gas Insulated Switchgear Tirathai E&S Co.,Ltd. Page 8
Products of L.D.S. Transformer Tank Drying Oven Page 9
Products of L.D.S. Page 10
Vision & Mission Vision, Mission for Sustainable Business Future Page 11
Vision To be a leading transformer manufacturer, distributor and comprehensive services provider in Asia and Oceania and to seek opportunities of joint venture in related energy business. These will be supported with quality performance serving customer s demand on the basis of corporate good governance and social responsibility. Page 12
Missions BUSINESS To utilize technical expertise to collaborate with customers in order to design and manufacture transformers of quality suitable for their system and nature of work. Also to develop a complete range of service system to support customers electrical system maintenance. To expand the market structure covering countries in Asia and Oceania. To increase distribution channels of energy generating and distributing equipments and to enter joint ventures in energy generating system projects. CUSTOMER To serve customers' need by focusing on quality, reasonable price, in time delivery and good service. To be strongly intent on being the first choice of customers at any time when they demand transformer products and services. HUMAN RESOURCES To encourage, develop and retain people to obtain their expertise and to build up their spirits of Teamwork, Quality, Integrity and Customer focus. CORPORATE GOVERNANCE To have credibility to the shareholders and treat all stakeholders with fairness. CORPORATE SOCIAL RESPONSIBILITY To be a good member of the society and perform business with responsible concern for the public. Page 13
Operating Result for the year 2014 Page 14
Consolidated financial Statements Unit: Million Baht 2011 2012 2013 2014 Total Revenue 1,882.95 1,956.15 2,534.96 2,163.26 Revenue from Sales & Service 1,854.68 1,921.16 2,517.89 2,131.63 Gross Profit 555.11 374.57 657.94 508.29 EBITDA 308.32 130.87 320.30 170.24 EBIT 268.21 82.86 268.35 66.59 Net Profit/(Net Loss) 199.42 29.56 177.52 48.36 Total Assets 1,938.96 2,552.24 2,575.98 2,653.19 Total Liabilities 874.86 1,496.52 1,391.62 1,478.97 Shareholders' Equity 1,064.13 1,024.27 1,184.36 1,174.22 Financial Ratio Gross Profit Margin (%) 29.93% 19.50% 26.13% 23.85 Net Profit (Loss)Margin (%) 10.59% 1.51% 6.98% 2.24 Return on Asset (%) 14.80% 3.71% 10.53% 1.85 Return on Equity (%) 19.98% 2.83% 16.08% 4.10 Book Value Per Share (Par1Baht) 3.80 3.66 3.85 3.81 Earning Per Share 0.73 0.11 0.58 0.16 Dividend Per Share 0.40 0.01 0.30 0.10 Page 15 Stock Dividend Ratio - 10:1 - -
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PDP 2010 Rev.3 with RE Contribution Page 18
Peak Electricity Demand ข อม ล : กองสารสนเทศ ฝ ายส อสารองค การ กฟผ. Page 19
Total Income Million Baht 5,500 4,000 2,500 Before Investment After Investment 1,000 Page 20
Increase Transformer Production Capacities from 5,000 MVA to 9,000 MVA or 80% Increase After Investment MVA 10,000 9,000 9,000 8,000 7,000 6,000 5,000 5,000 7,500 4,000 3,000 4,000 2,000 1,000-1,000 Before Investment 1,500 After Investment Distribution transformer Power Transformer Page 21
Increase Tank & Fabricate Steel Production Capacities from 1,500 to 10,000 tones per year or 666% increase after investment Tones 10,000 10,000 8,000 6,000 4,000 1,500 2,000 - Before Investment After Investment Before Investment After Investment Page 22
Investment Progress Expected Completion Date 1. Power Transformer Plant Expansion 1 Quarter 2014 (Completed) 2. New Distribution Transformer Plant End of 2015 3. New Tank and Fabricate Steel Plant End of 2015 Page 23
Investment Progress of New Distribution Transformer Plant Page 24
Investment Progress of New Distribution Transformer Plant Combined Vapour Phase & Low Frequency Drying Equipment Page 25
Investment Progress of New Distribution Transformer Plant Cutting Line for Electrical Steel Page 26
Investment Progress of New Distribution Transformer Plant ecoline Page 27
Investment Progress of New Distribution Transformer Plant Foil Winding Machine Page 28
Hongsa Power Plant Project Page 29
Belt Conveyor Page 30
The Progress of HPC Project Page 31
The Progress of HPC Project Page 32
Main Product & New Business After Investment Distribution Transformer Power Transformer Type 2013 2014 2015 2016 2017 1,000 775 847 931 1,024 1,115 801 1,159 1,332 1,599 Service & Others 124 94 30 30 30 M baht 4000 3500 Tank & Steel Fabricate plant Distributing Equipment Service Power Distribution 3,213 3,749 Total 2,239 1,670 2,036 2,293 2,653 3000 2500 2,571 2,164 2,676 Distributing Equipment Tank & Steel Fabricate plant 181 123 140 350 430 151 371 500 570 666 2000 1500 1000 500 Total 2,571 2,164 2,676 3,213 3,749 0 Page 33
Forecast for 2015 Page 34
Structure of Incomes by Customer Customer 2011 2012 2013 2014 2015 (F) Million Bath -Government 810 645 961 520 680 - Local 676 655 877 736 815 - Export 292 275 277 313 511 3,500 3,000 2,500 2,000 1,883 1,956 2,535 2,163 2,676 - Service 52 134 97 62 - - Others 53 49 27 39 30 Distributing Equipment - 151 181 123 140 1,500 1,000 500 0 Tank & Steel Fabricate plant - 47 115 370 500 Total 1,883 1,956 2,535 2,163 2,676 Page 35 Tank & Steel Fabricate Distributing equipment Other Service Export local Government 2015 (F)
Structure of Incomes by Product Product 2011 2012 2013 2014 2015 (F) Million Bath 3,500 - Distribution 1,189 786 1,000 794 847 - Power 589 789 1,115 775 1,159 - Service 52 134 97 62 30 3,000 2,500 2,000 1,883 1,956 2,535 2,163 2,676 1,500 - Others 53 49 27 39-1,000 Distributing Equipment - 151 181 123 140 500 Tank & Steel Fabricate plant - 47 115 370 500 Total 1,883 1,956 2,535 2,163 2,676 Page 36 0 Tank & Steel Fabricate Distributing equipment Other Service Power Distribution
Delivery & Backlog Orders As of 31 Jan. 2015 Customer M Baht MEA Dist. 0 Power 57 PEA Dist. - Power - EGAT Dist. 2 Power - Local Dist. 92 Power 447 Export Dist. 68 Power 438 Other Distributing Equipment 64 Total Tank & Steel Fabricate plant 370 1,538 Delivery in 2015 = Delivery in 2016 = 1,345 M Baht 193 M Baht Page 37
Bids and Quotations in Process as of 31 Jan. 2015 Customer M Baht MEA 2,600 PEA 4,000 EGAT 150 Local 1,600 Export 1,550 Others (Distributing equipment) 300 Total 10,200 ** Expect to receive the above orders approximately 20-25% Page 38
Question & Answer Thank You Page 39