2018 Financial Results Opportunity Day Presentation 2 April 2019 SCAN INTER PUBLIC COMPANY LIMITED
Agenda 1. SCN Overview 3 2. Review of 2018 Results 12 3. Business Direction and Update 19 Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 2
Scan Inter Overview Scan Inter PCL (“SCN”) operates across the natural gas value chain with business interests in renewable energy, automotive as well as transportation and logistic sectors KEY MILESTONES 1988 SCN was founded by Khun Thanchart Kitpipit, as 220 MW Solar Plant in Minbu an EPC contractor. It evolved into a leading energy Equipment and spare part sales engineering firm with deep EPC and manufacturing know-how 2003 SCN became the strategic partner for natural gas Equipment and spare part sales procurements of PTT PCL - the 8 th largest petroleum Equipment and spare part sales company in Asia Private Mother Stations (PMS) 2015 Successfully listed in the Stock Exchange of 13 Service stations Thailand (SET); current market capitalization of ~USD Industrial compressed natural gas (iCNG) Equipment and spare part sales 144 Million as of 16 Jan 2018 (SET: SCN) Logistics (Gas and Non-Gas) 2017 Gain foothold in automotive sector by winning a Engineering procurement and construction (EPC) procurement contract to supply Bangkok Mass Transit Logistics Equipment and spare parts sales Authority (BMTA) with 489 CNG buses with 10-year and manufacturing maintenance contract 5 MW Solar PV Power Plant in Nakhon Pathom 2018 Made a strategic acquisition (40%) of Green Earth Equipment and spare part sales 1.3 MW Solar PV Power Plant in Kalasin Power (Thailand) Co., Ltd, developer of 220 MW Solar PV Production & assembly of Farm in Minbu, Magway, Myanmar automotive 2 Mitsubishi Dealerships Fuel system conversion installation for vehicles Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 3
Shareholders and Management Structure Shareholding Structure Board of Directors Others Kitpipit 31% Family 63% Mrs. Pimwanitar Jaratpreedar Dr. Thanong Bidaya Mr. Thanchart Kitpipit Dr. Littee Kitpipit CFO and Company Secretary Chairman of the Board President CEO Former Finance Director at Former Ministers of Finance Founder and former CEO Mutual Funds Executive director at Scan M Pictures Entertainment PCL and Commerce Inter PCL 6% Shareholders No. of shares % Kitpipit Family 756,720,000 63.06% Mr. Chokdee Wongskeo Mrs. Kannika Ngamsopee Mr. Vichien Usanachote Mr. Somchai Leechawengwongs BBL Asset Management Co., Ltd. 75,753,400 6.31% EVP, Engineering Independent Director Independent Director EVP, Business Development Former FEVP at The Siam Former MD of Bangchak Former Executive Director and Executive Director at Scan Narooj Wiwanthanaklai 14,793,500 1.23% Petroleum PCL at Soecon Engineering Co., Ltd Commercial Bank PCL Inter PCL Thida Kaewbootta, MBA 12,089,800 1.01% Somsak Tirakanan 10,893,300 0.91% Somsak Amornpitak 10,381,000 0.87% Somphon Wongsirichon 7,982,000 0.67% Pakorn Mongkoltada 7,198,300 0.60% Nurak Mahatthanaanon 7,000,000 0.58% Mr. Chamnarn Wangtal ACM. Vorachat Tharechat Ms. Narissara Kitpipit Pensri Ratanasuntarakul 6,700,000 0.56% Independent Director Independent Director EVP, Strategic Former Deputy MD of Bank Thai Chairman of Royal Thai Executive Director at Scan Thai NVDR Co., Ltd 6,644,710 0.55% PCL (Current CIMB Thai PCL) Airforce Advisory Board Inter PCL Other shareholders 281,390,377 23.65% *Shareholder as of 06/03/2019 Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 4
Business Overview Natural Gas Offer integrated natural gas services from turnkey EPC, equipment and spare parts, transportation of NGV and CNG as well as service stations across Thailand Operate 2 Mitsubishi dealerships in Nonthaburi area and in process of transferring Automotive bus manufacturing division from gas to automotive segment Renewable Energy Comprise of 2 solar plants with combined capacity of 6 MW and an additional 220 MW at Minbu, Myanmar under development Logistics Operate transportation business under Scan Inter Logistics brand in Laemchabang and Mabtapood industrial estate and nearby provinces Scan inter PCL / Opportunity Day FY2018 / 2 April 2019
Core Revenue Drivers 5% Revenue from Logistic & Other 55% (THB 158.7 MM ) Revenue from Gas 0.07% 31% (THB 1,718.5 MM ) Revenue from Other Revenue from (THB 143.8 MM ) Automotive (THB 666.1 MM ) 2% Revenue from Renewables Total (THB 57.5 MM ) THB 3,121 MM Total THB 2,095 MM 61% 20% Revenue from Gas Revenue from 18% Automotive (THB 1,284.9 MM ) Revenue from (THB 630.5 MM ) Bus Project (THB 556.0 MM ) 2015 2018 Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 6
Net Profit and Operating Profit Net Profit and Operating Profit (THB MM) Operating Profit • For 2018, SCN’s operating profit increased approximately THB 6 million 294 285 or 3.2%YoY related to increasing of revenue with key driver of bus project, Operating iCNG and other potential growth in gas- Profit related business unit. Although increased in SG&A from consultant fees on new project, such as our Minbu solar project, 94 as well as legal expenses related to the case involving the 489 NGV buses contract. 72 68 63 60 Net Profit • For 2018, net profit decreased by THB Net Profit 12 million Finance costs increased by -4.7% yoy 192 -11.7% qoq 62.5%YoY from THB 55 million to THB 89 179 million primarily due to bus project, new 62 46 service stations and Minbu Solar Power 41 47 -1.5% yoy Plant. 30 53.3% qoq 4Q17 1Q18 2Q18 3Q18 4Q18 2017 2018 Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 7
Gas Businesses - Integrated Natural Gas Service Provider Private Mother Stations Natural Gas End Users Service Stations Transportation (PMS) EPC, Maintenance, Equipment, Spare parts and Testing Fuel System LNG Regasification Conventional Station Gas Quality Improvement Natural Gas Vehicles Myanmar Import Distribution Compression Pipeline Daughter Stations Domestic Factories Supply Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 8
Automotive Businesses – Addition of Bus Manufacturing Division Mitsubishi Dealership Bus Manufacturing & Distribution (As of FY2018, part Gas Businesses in financial statements) ▪ Operates 2 showrooms in Pakkred, Nonthaburi and Bangphun, ▪ Operate under SCN-CHO Joint Venture with Pathum Thani since 2012 and 2016 respectively successful pioneer project being the supply ▪ Distribution of Mitsubishi car models and provide maintenance and maintenance of 489 NGV Buses to services BMTA in 2018 ▪ Major achievements include: ▪ Plans are being made to enhance our • Top 10 in Sales volume in Thailand since establishment competitiveness in Thai bus industry • ▪ Expected to become one of the main Best Sales Team in Thailand in 2017 revenue contributor of automotive and SCN • Best CSI (Customer Satisfaction Index) in Bangkok and as a whole Metropolitan in 2016 Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 9
Renewable Businesses - Growing Portfolio of High Quality Assets Project: Kalasin Location: Kalasin, Thailand Capacity: 1.27 MW Type: Solar PV COD: 2014 Status: In Operation Project: Scan Inter Fareast 226 Location: Lopburi, Thailand Capacity: 2.5 MW Type: Solar PV COD: 2012 Status: Fully divested 156 Project: Bangpasri Location: Nakhon Pathom, Thailand Myanmar Capacity: 5 MW (1 project) Type: Solar PV 106 Thailand COD: 2017 Status: In Operation (2 projects) 56 Gross Equity 6 5 3 - - - In Operation 6 MW 6 MW Under development 220 MW 66 MW 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Total 226 MW 72 MW SIFE BPS VON GEPM Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 10
Scan Inter Logistics – Transporter of Container and CO 2 ✓ Own and operate over 100 trucks ✓ Cover over 4,800,000 km per year ✓ Trusted by over dozen customers Trusted customers: Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 11
Agenda 1. SCN Overview 3 2. Review of 2018 Results 12 3. Business Direction and Update 19 Scan inter PCL / Opportunity Day FY2018 / 2 April 2019 12
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