Analyst Meeting Q3 2017 Results 17 November 2017 For Q2 2017 Results
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Agenda Key Highlights Financial Highlights Going Forward
Agenda Key Highlights Financial Highlights Going Forward
Q3 17 Key Highlights PHIL ILIP IPPIN PINES ES THAI AILAN LAND JAPAN JA AN INDO IN DONES NESIA IA Signed ed contr trac act t with the e War Starte rted d const structio ruction for Natu tural al Freak eak Recog cogniz ized d shares res of profi fit t Vete teran ans s Organiza anizatio tion n of Gotemba temba proje oject ct (4.4 MW DC DC ) worth th THB B 363 363 millio ion from m Thailand iland to construct nstruct sol olar ar Plan n to CoD in Dec c 2017 investme estment nt in Geot other hermal mal power wer plants nts 8.94 MW MW in Indo done nesia sia Plan n to CoD in Jun 2018 Start rt Construction nstruction of Koma maga gane Proje oject ct Operatin erating g Capac pacity ity Annou ounc nced ed collab llaboration oration (32.2 MW DC) with Sansiri iri Pcl for Smart rt 336.4 332.4 Green en Ener ergy gy Community munity 158 158.0 .0 158.0 174.4 14.4 14.4 14.4 137.5 34 34 30 30 30 30 19.5 130 130 130 130 130 130 118 118 Q3 2016 Q2 2017 Q3 2017 Q4 2017 Thailand Japan Philippines Indonesia
Awards and Recognitions FTSE SE SET T Shari riah ah Inde ndex Included in SET10 100 Included in Awarded Received for the first time “ Be Best st Re Renewab ewable le Ener ergy gy “Renewable Ener ergy gy MSCI CI Gl Global l Small ll Cap In Index ex Nomin minee ees s for SET Compa mpany ny - Thailand 2017” and De Deal l of the e Year” Award d 2017 and FTSE E SET T Sharia riah In Index ex Award “Best Deal of th the e Yea ear “ Be Best st Corpo porat rate e Go Gover ernan nance ce Awards” Principles ples Re Renewabl ewable e Energy gy Compa mpany ny - Sout uth h East t As Asia a 20 2017 17 ”
Agenda Key Highlights Financial Highlights Going Forward
Seasonality Effect to Operation Our Operat rations ons in Thailan iland d (2016 vs. 2017) Our Operat rations ons in Japan pan (2016 vs. . 2017) ectricity Generation & Tariff M kWh M kWh Hours/day Hours/day 25,000 12.50 6,000 12.50 2017 Electri ctricity city sold 5,000 2016 20,000 10.00 10.00 Electr ctrici icity ty sold 2017 4,000 15,000 7.50 7.50 2017 3,000 Irra radi diat atio ion 2017 10,000 5.00 5.00 Irra radi diat atio ion 2016 2,000 2016 5,000 2.50 2.50 1,000 2016 0 0.00 0 0.00 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec JPY/kWh Effective price - Japan THB/kWh Effective price - Thailand 40 38.6 38.6 11.34 11.19 11.02 Q3 2016 Q2 2017 Q3 2017 Q3 2016 Q2 2017 Q3 2017
First Recognition from Investment in Geothermal Power Plant High gher r revenue ue from operatio ration from new plan lant t in Thailan ailand d and Japa pan Realiz alized d profit it sharin ring g from asso ssoci ciates ates since Q2 2017 2017 Unit: THB million Income by Geogra raphy Instal talled ed Capac pacity ity (MW) W) 332.4 .4 2,944 44 402 2,327 27 158.0 403 190 137.5 .5 14.4 1,213 13 933 933 30.0 19.5 785 785 2,138 2,139 359 43 171 150 105 130.0 118.0 719 704 680 Q3 2016 Q2 2017 Q3 2017 9M 2016 9M 2017 Q3 2016 Q3 2017 Thailand Japan Philippines Indonesia Total Thailand Japan Profit Sharing
Group Performance – Q3 2017 Net profit from operation (excluded other income and FX) sharply increased from Geothermal investment Unit: THB million YoY +82.7 82.7% QoQ +55 55.9% .9% 890 854 785 678 637 609 593 514 462 435 371 360 Q3 2016 Q2 2017 Q3 2017 Sales EBITDA Net profit before other revenue and FX Net Profit
Group Performance – 9M 2017 Net profit (excluded other income and FX) sharply increased from profit sharing from associates (geothermal) Unit: THB million YoY +42.1 42.1% YoY +0. 0.2% 2,541 2,327 1,868 1,724 1,507 1,428 1,430 1,061 9M 2016 9M 2017 Sales EBITDA Net profit before other income and FX Net Profit
Strong Growth in Core Profit – 9M 2017 Unit: THB million 1,428 1,430 Net profit Net profit 9M 2017 9 M 2016
Strong Growth in Core Profit – 9M 2017 Unit: THB million 1,428 227 1,430 133 1,068 Gain from Bargaining Gain on FX Net profit Core profit Net profit 9M 2017 9 M 2016 9 M 2016
Strong Growth in Core Profit – 9M 2017 Unit: THB million 304 1,512 1,428 227 61 1,430 140 Sale of asset 21 133 (Suimei sales) 1,068 Gain on FX Reversal of Loss on FX Gain from provision from Bargaining Gain on FX (negotiation with Forward SunEdison) contract Net profit Core profit Core profit Net profit 9M 2017 9 M 2016 9 M 2017 9 M 2016
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