4 Q & & FY FY 20 2019/20 BTS TS GROUP EARNINGS S PRE PRESENTATION 5 5 Jun une 20 20 20
“ In this challenging time, we commend our br brave her heroes for their sacrifices in helping “ fi fight th the COVID-19 19 pandemic and we extend our support and encouragement to everyone
Dis isclaimer Investment involves risk. Prospective should understand the characteristics of Securities and study information about BTS Group Holdings Public Company Limited (the “Company”) before making a decision to invest in Securities. This presentation is for information purposes only and is intended only for the initial direct attendee of the presentation. It may not be reproduced or redistributed to any other person. It shall not and does not constitute either an offer to purchase or buy or a solicitation to purchase or buy or an offer to sell or exchange or a solicitation to sell or exchange any securities of BTS Group Holdings PCL (the "Company") or any of its subsidiaries in the United States of America or in any other jurisdiction or an inducement to enter into investment activity. No part of this presentation, nor the fact of its existence, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. This presentation is not to be relied upon in any manner as legal, tax or any other advice and shall not be used in substitution for the exercise of independent judgment and each person made aware of the information set-forth hereof shall be responsible for conducting its own investigation and analysis of the information contained herein. Except where otherwise indicated, the information provided in this presentation is based on matters as they exist as of the date stated or, if no date is stated, as of the date of preparation and not as of any future date, and the information and opinions contained herein are subject to change without notice. None of the Company nor any of its subsidiaries accepts any obligation to update or otherwise revise any such information to reflect information that subsequently becomes available or circumstances existing or changes occurring after the date hereof. None of the Company or any of its subsidiaries or any of their respective directors, officers, employees or agents shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with the presentation and any and all such liability is expressly disclaimed. The information contained herein must be kept strictly confidential and may not be reproduced or redistributed in any format without the express written approval of the Company. Some statements made in this presentation are forward-looking statements, which are subject to various risks and uncertainties. These include statements with respect to the Company’s corporate plans, strategies and beliefs and other statement that are not historical facts. These statement can be identified by the use of forward-looking terminology such as “may”, “will”, “expect” , “intend”, “estimate”, “continue”, “plan” or other similar words. The statements are based on the assumptions and beliefs of the Company’s management in light of the information currently available to the Company. These assumptions involve risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Nothing in this Presentation is, or should be relied on as promise or representation of the Company as to the future. BTS Gro roup Ear arnings Pres Presentation prepared by Investor Relations department 3 BTS BTS Grou oup Hol Holding dings PCL
BTS Group Up Update 2019/20 Sus 20 Sustainable Dev Development Rec ecognition GROWING At BTS Group, we embrace sustai ainabi ability y as as a a cor core e val alue e and are SUSTAIN INABIL ILIT ITY committed to practicing good good corpor corporate te gov governance ernance as we believe this strengthens the lon ong-term term gr grow owth h pr pros ospect pects of our business. GROWING TOGETHER DJS JSI in the Em Emergin ing Markets ts 20 2019 Si Silv lver Class Disti tincti tion Plati tinum Awar ard ( 2 nd Rank in the Transportation Sector ) The Sustainability Yearbook 2020 The Asset ESG Corporate Award 2019 Susta Su tain inabil ilit ity Disclo losure Recognit itio ion Thail Th iland Su Susta tain inabil ilit ity In Investment Bes est Gr Green Bon ond Thaipat Institute, 2019 The Stock Exchange of Thailand, 2019 The Asset Triple A Sustainable Capital Markets Regional Awards 2019 BTS Gro roup Ear arnings Pres Presentation prepared by Investor Relations department 4 BTS BTS Grou oup Hol Holding dings PCL
Agenda SECTION 1 SE 4Q 4Q & & FY FY 20 2019/20 FIN FINANCIAL PER ERFORMANCE SECTION 2 SE BUSINESS UP UPDATES SE SECTION 3 APPENDICES BTS Gro roup Ear arnings Pres Presentation prepared by Investor Relations department 5 BTS BTS Grou oup Hol Holding dings PCL
FY FY 20 2019/20 Hig ighlights ts FIN INANCIAL POSITION P&L L HIGH GHLIGHTS 12 M M CA CASH FLOW Solid growth in Balance sheet Financing cash earmarked for profitability remains strong investments in Mass Transit projects Ope pera ratin ing Revenue of THB THB 39 39.9 .9bn Cas ash h & & Li Liqu quid id Inv nvest stments Cas ash h received THB 17 THB 17.7 .7bn (17)% YoY fro rom the the exercis ise of of BTS TS-W4 W4 THB THB 13. 13.7bn Net t inc ncrease in n long ng-term loans ns Ope pera ratin ing EBIT BITDA of THB THB 7.5 .5bn bn Low leverage fro rom finan nancia ial ins nsti titutio ions s of +22% YoY THB THB 15.6 bn bn Adjust Adju sted Net t D/E 1.0 1.05x 5x Reco cord Recu curr rring Net et Pr Profit it Net t inv nvest stment nts s in n of THB THB 4.8bn 4.8bn Pink nk & & Yellow Line nes s & & Gre reen Ext xtensio ions + 47% YoY THB 21. THB 21.7bn BTS Gro roup Ear arnings Pres Presentation prepared by Investor Relations department 6 BTS BTS Grou oup Hol Holding dings PCL Section 1: 4Q & 2019/20 Financial Performance
4Q & FY FY 20 2019/20 Overview P&L &L SNAPSHOT INCOME STATEMENT (THB mn mn) FY 2019/20 FY FY FY 2018/19 % YoY 4Q 2019/20 4Q 2018/19 4Q %Yo YoY 3Q 2019/20 %QoQ Operating Revenue 1 11,069 39,937 48,004 (17)% 8,424 10,045 (16)% (24)% Gross operating profit 2,882 9,595 7,884 22% 2,14 9 2,263 (5)% (25)% Operating EBITDA 2 2,253 7,460 6,137 22% 1,73 2 1,717 1% (23)% Recurring net profit – after MI 2,378 4,776 3,248 47% 290 966 ( 70 )% (8 8 )% Net income (loss) 3 8,162 2,873 184% 3,531 627 463% 2,460 44% Gross operating profit margin (%) 24.0% 16.4% 25.5% 22.5% 26.0% Recurring net profit margin – after MI(%) 11.4% 6.6% 3.6% 9.3% 19.0% Operating EBITDA margin (%) 18.7% 12.8% 20.6% 17.1% 20.4% 1 operating revenue of 4 BUs & share of net profit from BTSGIF 2 excluding non-mass transit interest income 3 to equity holders of the parent FY 20 FY 2019/20 OPE OPERATING REV REVENUE BR BREAKD KDOWN OPE OPERATING REV REVENUE COMPARISON (YoY) ( THB mn) Media Me 6% 57% 7% (22)% )% 10% 15% Mas Mass Tran ransit 48,004 39,937 (9,252) 80% 530 21 634 Property 1% Services Se 4% FY18/19 Mass Transit Media Property Services FY19/20 BTS Gro roup Ear arnings Pres Presentation prepared by Investor Relations department 7 BTS Grou BTS oup Hol Holding dings PCL Section 1: 4Q & 2019/20 Financial Performance
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