TIRATHAI PUBLIC COMPANY LIMITED OPPORTUNITY 25 AUGUST 2015
Content 1 Company Profile 2 Vision and Mission 3 Business Plan & Investment 4 Operating Result for 2 nd Quarter of 2015 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
Products of L.D.S. Belt Conveyor system Page 11
Vision & Mission Vision, Mission for Sustainable Business Future Page 12
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 13
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 14
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PDP 2010 Rev.3 with RE Contribution Page 17
Peak Electricity Demand ข อม ล : กองสารสนเทศ ฝ ายส อสารองค การ กฟผ. Page 18
Hongsa Power Plant Project Page 19
Hongsa Power Plant Project Sign Contract : 27-December 2013. Contract End Date : 30-April 2015. Started Mobilization to HPC site : May-2015 Taking Over Date : 18 July -2015. Page 20
Progress updated Performance test End Date : 18 July -2015. Page 21
Progress updated Performance test End Date : 17-18 July -2015. Page 22
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Picture Status Page 24
Picture Status Page 25
Investment Progress of New Distribution Transformer Plant Page 26
New Distribution Transformer Plant Page 27
New Distribution Transformer Plant Page 28
Investment Progress of New Distribution Transformer Plant Detail Time Schedule Construction of Factory and office March2015 - January 2016 Installation of machinery and equipment February - April 2016 Test Run May - July 2016 Start the production August 2016 Page 29
Investment Progress of New Distribution Transformer Plant Combined Vapour Phase & Low Frequency Drying Equipment Cutting Line for Electrical Steel Page 30
Investment Progress of New Distribution Transformer Plant ecoline Foil Winding Machine Page 31
Operating Result for 2 nd Quarter of 2015 (6M) Page 32
Consolidated financial Statements Unit: Million Baht 2012 2013 2014 Q2 of 2015 (6M) Total Revenue 1,956.15 2,534.96 2,163.26 972.24 Revenue from Sales & Service 1,921.16 2,517.89 2,131.63 936.44 Gross Profit 374.57 657.94 508.29 82.49 EBITDA 130.87 320.30 170.24 (71.90) EBIT 82.86 268.35 66.59 (130.11) Net Profit/(Net Loss) 29.56 177.52 48.36 (103.84) Total Assets 2,552.24 2,575.98 2,653.19 2,702.06 Total Liabilities 1,496.52 1,391.62 1,478.97 1,651.13 Shareholders' Equity 1,024.27 1,184.36 1,174.22 1,050.93 Financial Ratio Gross Profit Margin (%) 19.50% 26.13% 23.85% 8.81% Net Profit (Loss)Margin (%) 1.51% 6.98% 2.24% (13.38%) Return on Asset (%) 3.71% 10.53% 1.85% - Return on Equity (%) 2.83% 16.08% 4.10% - Book Value Per Share 3.66 3.85 3.81 3.41 (Par1Baht) Earning Per Share 0.11 0.58 0.16 (0.24) Dividend Per Share 0.01 0.30 0.10 - Stock Dividend Ratio Page 10:1 33 - - -
Structure of Incomes by Customer 2015 (H1) Customer 2015 (F) 2015 (H1) -Government 325 39 - Local 635 335 - Export 650 256 - Service 30 26 - Others - 27 Distributing Equipment 100 23 Tank & Steel Fabricate 570 266 Total 2,310 972 Page 34
Forecast for 2015 Page 35
Structure of Incomes by Customer Customer 2011 2012 2013 2014 2015 (F) -Government 810 645 961 520 325 - Local 676 655 877 736 635 - Export 292 275 277 313 650 - Service 52 134 97 62 30 - Others 53 49 27 39 - Distributing Equipment - 151 181 123 100 Tank & Steel Fabricate - 47 115 370 570 Total 1,883 1,956 2,535 2,163 2,310 Page 36
Structure of Incomes by Product Product 2011 2012 2013 2014 2015 (F) - Distribution 1,189 786 1,000 794 575 - Power 589 789 1,115 775 1,035 - Service 52 134 97 62 30 - Others 53 49 27 39 - Distributing Equipment - 151 181 123 100 Tank & Steel Fabricate - 47 115 370 570 Total 1,883 1,956 2,535 2,163 2,310 Page 37
Delivery & Backlog Orders As of 31 July 2015 Customer M Baht MEA Dist. 62 Power 57 PEA Dist. 37 Power 63 EGAT Dist. 6 Power 250 Local Dist. 200 Power 851 Export Dist. 167 Power 585 Other Distributing Equipment 96 Total Tank & Steel Fabricate 570 2,944 Delivery in 2015 = Delivery in 2016 = 2,190 M Baht 754 M Baht Page 38
Bids and Quotations in Process as of 31 July 2015 Customer M Baht MEA 1,200 PEA 4,000 EGAT 250 Local 1,700 Export 1,500 Others (Distributing equipment) 200 Total 9,100 ** Expect to receive the above orders approximately 20-25% Page 39
Question & Answer Thank You Page 40