Christiani & Nielsen (Thai) Public Company Limited SET - - PowerPoint PPT Presentation
Head Office : 727 La Salle Road, Bangna Tai, Bangna District, Bangkok 10260 Tel. : +66 2 338 8000, Fax : +66 2 338 8090 Christiani & Nielsen (Thai) Public Company Limited SET Opportunity Day Q 2 /2018 : 28 August 2018 Website:
Christiani & Nielsen (Thai) Public Company Limited
Website: cn-thai.co.th Telephone: 0 2338 8000
Head Office : 727 La Salle Road, Bangna Tai, Bangna District, Bangkok 10260
SET Opportunity Day
Q2/2018 : 28 August 2018
The contents of the presentation provided by Christiani & Nielsen (Thai) Public Company Limited (the “Company”) is provided as information for discussion purpose only. Past performance is not indicative of future performance. Some of the information in this presentation may contain projections or other forward looking statements regarding future events or future financial performance of countries, markets or companies. These statements are only predictions and actual events or results may differ materially. The reader must make his/her own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment. Any opinion or estimate contained in this presentation is made on a general basis and is not to be relied on by the reader as advice. Neither the Company nor any of its employees or agents have given any consideration to nor have they or any of them made any investigation of the investment objectives, financial situation or particular need of the reader, any specific person or group of persons. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the reader, any person or group of persons acting on any information, opinion or estimate contained in this presentation.
DISCLAIMER
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AGENDA
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AGENDA
Q2/2018
COMPANY PROFILE
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Company Business Registered Capital Paid-up Capital Establishment Listed Date Industry / Sector Market
Christiani & Nielsen (Thai) Public Company Limited Construction services, including the design and construction of a wide variety of building and civil engineering works, the design, fabrication and erection of steel structures and a full range of electrical and mechanical engineering services Common shares: THB 1,102,904,144 at par value of THB 1.00 per share
(On 2 Aug 17, the EGM approved the changing of the registered share capital from THB. 1,177,904,244 to THB. 1,102,904,144)
Common shares: THB 1,027,904,144 at par value of THB 1.00 per share 10 September 1930 1 March 1991 Property & Construction / Construction Services Stock Exchange of Thailand (“SET”) Main Board
AWARDS & CERTIFICATES
Certificate Awards
Christiani & Nielsen (Thai)
9001:2000 by SGS which is valid from April 2nd, 2004 to August 30, 2007. Safety Awards issued by General Motors Ltd., Rayong, Thailand for Project Safety during 5,000,000 man hours constructing new Automotive Factory 1996 – 2000. ISO 9001:2001 General Motors Safety Award Contractor Monthly Safety Award Contractor monthly safety awarded 1997-1999 issued by Thai Aromatic Refinery Plant (TARP). Safety Award Project Completion Award Project completion awarded with world class safety performance issued by Thai Aromatic Refinery Plant (TARP). Quality Index Award Best Contractor of the year 2016-2017
VISION AND MISSION
VISION
Develop Sustained Competitiveness Aim to Produce High Quality Works Develop Optimum Sale & Services Develop Optimum Staff Cost Consciousness
MISSION
มุ่งมั่นพัฒนาธุรกิจให้สามารถแข่งขันได้ เพื่อให้องค์กรเจริญก้าวหน้ายั่งยืนต่อไป มุ่งมั่นพัฒนาผลิตภัณฑ์ให้มีคุณภาพเหมาะสมกับลูกค้า มุ่งมั่นพัฒนาเทคนิคการขายและการให้บริการ มุ่งมั่นพัฒนาจิตส านึกในเรื่องของต้นทุน
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TYPE OF CONSTRUCTION PROJECTS
8 Buildings Industrial Infrastructure
Retail hypermarkets and stores, distribution centers, universities, schools, hospitals, offices, condominiums, hotels, refurbishment and renovation and other commercial and general buildings. Industrial plants, factories and warehouses. Mass transit, roads, highways, bridges, overpasses, sports facilities, water distribution and wastewater collection tunnels, gas pipelines, flood protection, waste water treatment plants, environmental landfill sites.
PAST EXPERIENCE
Avani Bangkok Riverside (Charoen Nakorn Road,BANGKOK) (2016) TARA Building Pattanakarn (BANGKOK) (2016) M Tower Sukhumvit 62 (BANGKOK) (2016) MJETS Hangar (Don Muang Road, BANGKOK) (2016) EGAT Head Office (Nonthaburi) (2017)
Buildings
MUIC Education Building Mahidol University (Nakorn Pathom) (2016)
Mahidol University Technology Theatre Hall (NAKORN PATHOM) (2014) SCG Head Office 3 & Parking (Bang Sue Road ,BANGKOK) (2014) Ratchapreuk Hospital (Mitraphap,Road,Khonkhean) (2018)
Bhumisimangkhlanusorn Building Chulalongkorn Hospital (Sala Daeng, , , BANGKOK) (2018)9
Industrial
New Plasterboard Plant (SARABURI) (2013) PTT Polymer Logistics Platform (RAYONG) (2013) LNG Receiving Terminal (RAYONG) (2009) New Sausage Plant (Phase 2) (NAKHON RATCHASRIMA) (2016) NESTLE WATER (SURAT THANI) (2016) IRPC UHV Civil Work (RAYONG) (2016)
PAST EXPERIENCE
THAI UNION PILOT PLANT (SAMUT SAKHON) (2018) CARGILL KORAT EXTENSION (NAKHON RATCHASRIMA) (2018) FISH OIL EXTRACTION FACTORY (SAMUT SAKHON) (2018) GTL WAREHOUSE PHASE2 (CHONBURI)(2018) ROYAL FACTORY EXTENSION (CHIANG MAI) (2018) CPRAM DELICATESSEN FOOD (PATHUMTHANI) (2018)
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Infrastructure
Nakhon Si Thamarat Highway (Route No.403) (NAKHON SI THAMARAT) (2004)
Klong Toey Port (BANGKOK) (1942-1945) Bangkok Wastewater Treatment Plant (BANGKOK) (1995-1997 Rama VI Bridge (BANGKOK) (1951-1952)
Thung Phra Men Flyover (NAKHON PATTHOM) (2015) Phitsanulok - Lom Sak Highway (PHITSANULOK ) (2015)
PAST EXPERIENCE
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CURRENT PROJECTS
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Buildings
SOMERSET MAISON ASOKE Hotel
(Sukumvit Road, BANGKOK)
*Construction of 7-storey building
with 2-level basement for 125 rooms Somerset Maison Asoke hotel.
VISTEC 3.2
(RAYONG)
* Construction of 2 nos. 3-
storey education building, 1
auditorium and swimming pool complex and observation tower with an outdoor
CHIA TAI NEW OFFICE
(Sukumvit Road, BANGKOK) *Construction of 15-storey office building for Chia Tai’s New Headquarters.
PRIMO POSTO
(Kaset Nawamin Road, BANGKOK) *Construction of 4 nos. commercial building and car park with basement and connected mezzanine floor.
New Projects
PROJECTS
Buildings)
(NIST Lift DAC)
EXTENSION
VAJIRA NUTRITION Building
(Samsen Road, BANGKOK) *Construction of 6-storey Nutrition and Back office building for Vajira Hospital.
CPRAM
(LAMPHUN) * Construction of 7-storey factory with utility building, canteen, and wastewater treatment building for new delicatessen factory at Lamphun.
TIPCO BUILDING EXTENSION (RAMA VI Road ,BANGKOK)
*Construction of 20-storey office building extended from existing building.
Industrial
New Projects
SOLAR
RENOVATION
KLANG Station Korat (NAKRONRACHASIMA)
*Construction of Klang station shopping mall comprising 11 nos.
storeys with open area.
ALLIANCE THAILAND FACTORY (CHON BURI) *Construction of production facilities
consisting main production building, warehouse, office & lab, canteen, utility building for Alliance Thailand Factory at Hemaraj Eastern Seaboard Industrial Estate, Chon Buri.
KNAUF FACTORY EXENSION (SARABURI)
*Design and construction for extension of single storey gypsum plasterboard plant of the Saraburi Gypsum Plasterboard Plant.
UNION GALVANIZER FACTORY (CHACHOENGSAO) *Construction of 3-level hot dip galvanizing plant with 2- storey office section.
CURRENT PROJECTS
SGA BOTTLE FACTORY (AYUTAYA)
*Construction of new furnace building, cooling tower, oil separator pit and transformer for Siam Glass Ayutthaya.
SIAM KRAFT ETP5 PROJECT (RATCHABURI) *Construction of new anaerobic
effluent treatment plant No.5 at Siam Kraft Factory
KRATINGDAENG NEW FACTORY (KHON KAEN) *Construction of supporting facilities
for Kratingdaeng new factory at Ubolratana, Khon Kaen.
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Infrastructure
Thung Song Interchange (Nakhon Si Thammarat) *Construction of Highway interchange at Intersection of Highway Route No. 41 and 403. INDOCHINA INTERSECTION (Phitsanulok) *Construction of Interchange Bridges at Intersection of Highway Route No. 11 and 12. Bang Yai Spur Line (Nakhon Phthom) *Construction of 6-lane asphaltic concrete motorway includes overpass and bridges for Bang Yai – Kanchanaburi Motorway km.1+119.007 to 5+000.000.
CURRENT PROJECTS
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Infrastructure 28 Aug. 2018 Signing Contract for construction of new Terminal Buildings with Department of Airports.
New Projects
AIRRORT EXTENSION
EXTENSION
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NEW CONTRACTS AWARDED DURING Jan – Aug’18
REF. CONTRACT TITLE LOCATION SEGMENT 1 MegaHome Rangsit Renovation Pathum Thani Hypermarket 2 MegaHome Bo Win Renovation Chon Buri Hypermarket 3 McKey Dry Storage Chon Buri Industrials 4 Knauf Factory Extension Saraburi Industrials 5 AirAsia Warehouse (For AirAsiaX) Bangkok Building 6 Simummuang Market (Vegetable Trimming Building) Pathum Thani Building 7 Simummuang Market (Garlic Market Parking) Pathum Thani Building 8 TIPCO Building Extension Bangkok Building 9 Simummuang Market (Toilet Building) Bangkok Building 10 NIST Lift Design and Construction Bangkok Building 11 Siam Kraft ETP5 Project Ratchaburi Industrials 12 VISTEC Institute (Observation Tower) Rayong Building 13 Modi Villa Bang Yai Nonthaburi Building 14 VISTEC Institute (Elevated Walkway) Rayong Building 15 Khon Kaen Airport Extension Khon Kaen Building
REF. CONTRACT TITLE LOCATION SEGMENT 16 Krabi Airport Extension Krabi Building 17 SGA Bottle Factory Ayutthaya Industrials 18 Sinmummuang Private Residence Bangkok Building 19 Tetra Pak Rayong Solar Rayong Industrials 20 Courtyard Boundary Wall Bangkok Hotel and Resort 21 CPRAM Warehouse Renovation Bangkok Industrials 22 INET DC-3 Phase 2 (Support Facilities) Saraburi Building 23 Union Galvanizer Factory Chachoengsao Industrials 24 Bambini Villa Bangkok Building 25 Makro On Nut Bangkok Hypermarket 26 Alliance Thailand Factory Chon Buri Industrials 27 Tara Parking Building Nonthaburi Building 28 Makro Kabin Buri Prachinburi Hypermarket 29 Thainamthip Pattaya Chon Buri Industrials 30 Isuzu Showroom Phathum Thani Building TOTAL VALUE AMOUNT ~ 7,600 MB
NEW CONTRACTS AWARDED DURING JAN18 – AUG18 (CON’T)
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TRAINING CENTER for Safety Officers at Supervisor Level
Registered with Department of Labor Protection and Welfare
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Training Centre 2 Storey Training Building Location: Nimitmai 64, Minburi Area : 16,000 m2
Opened : 22 November 2013 Objectives:
Duration: 1 - 5 days 2018 plan: 87 classes (93 classes in 2017)
15% 85%
Workshop
Lecture Established on 8 April 2008
ศูนย์ฝึกอบรมบมจ.คริสเตียนีและนีลเส็นไทย ถนนนิมิตรใหม่ กรุงเทพฯ
Type of in-house training:
STEEL STRUCTURE & FABRICATION FACTORY
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Workshop
Lecture
Factory Location / area : Sriracha (Factory 34,000 m2)
(Moved on 1 November 2013)
> More over 10,000 pieces on stock
> 4 types as worksite required > Capacity for
~ 600 – 1,000 Tons / month
Objectives:
material to in-house material from 80:20 to 50:50
SUPPORTING FACILITY
OVERSEAS SUBSIDIARIES
Date of Incorporation: 15 July 2016 Name: Christiani & Nielsen (Myanmar) Limited Address:
Township, Yangon, The Republic of the Union of Myanmar Tel: (951) 540 188 Country of Incorporation: The Republic of the Union of Myanmar Nature of Business: Construction, engineering and related services Registered Capital: Common Shares: USD 500,000 divided into 500,000 ordinary shares par value of USD 1.00) Paid-Up Capital: Common Shares : USD 300,000 divided into 300,000 ordinary shares (par value of USD 1.00)
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Project : in process of construction tenders.
OVERSEAS SUBSIDIARIES (Continued)
Date of Incorporation: 4 July 2017 Name: Christiani & Nielsen (Cambodia) Co. ,Ltd. Address: #116, Street 105K,Vimean Trong Village, Sangkat Krang Thnong, Khan Sensok, Phnom Penh, Kingdom of Cambodia Tel:(855) 23 36 6342-3 Country of Incorporation: Kingdom of Cambodia Nature of Business: Construction, engineering and related services Registered Capital: Common Shares: USD 100,000 divided into 100,000 ordinary shares (par value of USD 1.00) Paid-Up Capital: Common Shares : USD 100,000 divided into 100,000 ordinary shares (par value of USD 1.00) Project : Makro
Current Project : Makro (Siem Reap)
Past experience : Makro (Phnom Phen) : DEC. 2017
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AGENDA
Q2/2018
FINANCIAL HIGHLIGHTS (Consolidated statements of income)
(Unit : Million Baht) Year 2013 Year 2014 Year 2015 Year 2016 Year 2017 HY 2017 HY 2018 Construction Revenue 8,933 9,413 7,322 6,972 7,851 3,324 3,414 Total Revenue 9,044 9,437 7,355 7,003 7,944 3,362 3,420 Gross Profit Margin 620 (96) 336 441 363 181 179
Gross Margin (%) 6.9 (1.0) 4.6 6.3 4.6 5.5 5.2
Administrative Expenses 289 298 292 330 319
148 162 % Admin. Exps. / Total Revenue 3.20 3.16 3.97 4.71 4.02 4.40 4.74
EBIT 441 (369) 77 142 137 71 23
% EBIT / Total Revenue 4.9 (3.9) 1.0 2.0 1.7
2.1
0.7 EBT before provision for doubtful debt
435 (387) 61 123 115 62 13
Provision for doubtful debt
EBT after provision for doubtful debt
435 (387) 61 123 115 62 (92)
% EBT/ Total Revenue 4.8 (4.1) 0.8 1.8 1.4 1.8 (2.7)
Corporate Tax (13) (33) 34 (17) 19 (13) (16) Net Profit 448 (354) 27 140 96 49 (108)
% Net Profit Margin / Total Revenue 5.0 (3.8) 0.4 2.0 1.2
1.46
(3.16)
Backlog 10,324 5,210 4,449 6,469 7,904 7,445 11,351
(31 Dec. 13) (31 Dec. 14) (31 Dec. 15) (31 Dec. 16) (31 Dec.17) (30 Jun,17) (30 Jun,18)
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STATEMENTS OF INCOME (Consolidated)
9,044 9,437 7,355 7,003 7,944 3,362 3,420 8,933 9,413 7,322 6,972 7,851 3,324 3,414 620 (96) 336 441 363 181 179
441 (369) 77 142 137 71 (82) 435 (387) 61 123 115 62 (92)
6.9%
4.6% 6.3% 4.6% 5.5 % 5.2%
4.9%
1.0% 2.0% 1.7% 2.1%
3.1% 3.2% 3.2% 4.0% 4.0% 4.4% 4.7% 4.8%
0.8% 1.8% 1.4% 1.8%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0%
(2,000)
4,000 6,000 8,000 10,000 12,000 Year 2013 Year 2014 Year 2015 Year 2016 Year 2017 HY 2017 HY 2018
Total Revenue Construction Revenue Gross Margin EBIT EBT GSM % EBIT %
EBT %
Unit: MB
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Note : in Year 2013 the EBIT was high due to the Company had Extraordinary income ~ 66 MB in Q1’13. (refund of w/t deducted at source of the year 1999-2001)
PERFORMANCE & REVENUE GROWTH
Unit: MB
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6.4% 5.0%
0.4% 2.0% 1.2% 1.5%
6.2% 4.8%
0.8% 1.8% 1.4% 1.8%
8.9% 6.9%
4.6% 6.3% 4.6% 5.5% 5.2%
0.0% 5.0% 10.0%
2012 2013 2014 2015 2016 2017 HY 2017 HY 2018
GSM% EBT% Net Profit %
GSM % VS EBT % VS Net Profit % Average Gross Profit Margin = 5% Average Earning Before Tax Margin = 2% Average Net Profit Margin = 2%
7,310 9,044 9,437 7,355 7,003 7,944 3,362 3,420 7,269 8,933 9,413 7,322 6,972 7,851 3,324 3,414
644 620 (96) 336 441 363 181 179
455 435 (387) 61 123 115 62 (92) 464 448 (354) 27 140 96 49 (108)2,000 4,000 6,000 8,000 10,000 12,000
2012 2013 2014 2015 2016 2017 HY 2017 HY 2018 Total Revenue Construction Revenue Gross Profit EBT Net Profit
+
From 2012 to 2014, the Company's Total Revenues increased substantially, with a CAGR of 13.62%, and a CAGR of 13.86%, decreased from 2014 to 2016 and
increased by 13.44 % in year 2017 as compared in year 2016 and increase by 1.73% in HY 2018 as compared in HY 2017.
Total Revenue is 7,944 MB. in year 2017 and in HY 2018 is 3,420 MB.
PERFORMANCE BY QUARTER
Unit: MB
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1,786 1,972 1,399 1,962 2,344 2,238 1,765 1,654 1,783 1,969 1,396 1,928 2,303 2,224 1,762 1,651
127 114 87 94 89 92 192 (14) 38 43 20 51 33 32 (40) (42) 33 40 16 46 27 25 (45) (47)
7.1% 5.8% 6.2% 4.9% 3.9% 4.1% 10.9%
2.1% 2.2% 1.4% 2.6% 1.4% 1.4%
0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0%
(500) 500 1,500 2,500 3,500 4,500
Q3'16 Q4'16 Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18
Total Revenue Construction Revenue Gross Margin EBIT EBT GSM % EBIT % EBT%
TOTAL REVENUE as of 30 June 2018 by Segments
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Short Term 36.9% Long Term 63.1%
Hypermarket s 10.6% [CATEGOR Y NAME] [VALUE]
Short Term Revenue by Term
Industrial Facilities, 33.0% Hypermarkets , 3.9% Hotels/Resort s/Condos, 2.6% Private Bldgs., 41.3% Government Bldgs., 5.7% Highways, 10.0%
Total Revenue by Segment
Petrochem/Energy 3.5 %
BACKLOG (MB)
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Backlog as of 30 June 2018 by Segment 5,210 4,449 6,469 7,904 11,351
2,000 4,000 6,000 8,000 10,000 12,000
2014 2015 2016 2017 30 Jun'18 As at 31 Dec.
Industrial Facilities, 11.1% Hypermarke ts, 2.5% Hotels/Reso rts/Condos, 0.1% Private Bldgs., 10.0% Petrochem / Energy, 1.2% Government Bldgs., 51.6% Highways, 23.5%
5,221 8,721 8,856 7,600
1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000
2015 2016 2017 23/8/2018
New Contracts Awarded
2015 2016 2017 23/8/2018
Unit : MB.
Projection of tenders for the rest of 2018 (Total 26,000 MB.)
Government Segment : Highway for DOH 1 -, 1,500 Government Segment : Subcon to railway projects 1 -, 1,500 Private Segment : Industrail work 1 -, 3,000 Private Segment :
Mixed use complex/ Shoping Mall 1 -, 20,000
New Contracts awarded and projection of Tenders 28
FINANCIAL HIGHLIGHTS
STATEMENTS OF FINANCIAL POSITION (Consolidated)
(Unit : Million Baht) 31 Dec. 2013 31 Dec. 2014 31 Dec. 2015 31 Dec. 2016 31 Dec. 2017 30 Jun. 2018
Total Assets 5,602 5,211 4,551 5,010 5,813 5,310 Total Liabilities 3,423 3,486 2,802 3,171 3,879 3,536 Net Equity 2,179 1,725 1,749 1,839 1,934 1,774 Paid-up Capital (THB. 1 / share) 1,003 1,003 1,003 1,003 1,028 1,028 BV per Share (Baht) 2.17 1.72 1.74 1.83 1.88 1.73 29
STATEMENTS OF FINANCIAL POSITION
1.57 2.02 1.60 1.72 2.01 1.99
0.00 2.00 4.00
2013 2014 2015 2016 2017 Q2'2018
D/E Ratio
2,000 4,000 6,000
2013 2014 2015 2016 2017 30 Jun'2018
5,602 5,211 4,551 5,010 5,813 5,310 3,423 3,486 2,802 3,171 3,879 3,536
2,179 1,725 1,749 1,839 1,934 1,774
Total Assets Total Liabilities Net Equity
As at 31 Dec.
Unit: MB
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( 8.65 %) ( 8.84%) ( 8.27 %)
FINANCIAL DATA & RATIOS (Consolidated F/S) Year
2013 Year 2014 Year 2015 Year 2016 Year 2017 HY 2017 HY 2018
EPS (Baht)
0.45 (0.35) 0.02 0.14 0.09 0.05 (0.11)
Paid-up Capital
(Million Baht)
(1 ordinary share : 1 Baht)
1,002.90 1,002.90 1,002.90 1,002.90 1,027.90 1,002.90 1,027.90
GSM % 6.94 (1.02) 4.59 6.33 4.62 5.45 5.24 EBIT Margin % 4.94 (3.92) 1.05 2.03 1.72 2.11 (2.40) EBT Margin % 4.81 (4.10) 0.83 1.76 1.45 1.84 (2.69) Net Profit Margin % 4.95 (3.75) 0.37 2.00 1.21 1.46 (3.16) Current Ratio (Times) 1.36 1.21 1.27 1.26 1.22 1.21 1.17 Debt / Equity Ratio (Times) 1.57 2.02 1.60 1.72 2.01 1.87 1.99 *Dividend Yield % 4.95 4.50 1.56 N/A 3.41 2.78 4.99
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*source: www.set.or.th
FINANCIAL RATIOS & RATE OF RETURN
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ROA vs ROE
8.72%
1.36% 2.93% 1.77%
21.73%
1.57% 7.81% 5.09%
0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 2013 2014 2015 2016 2017 HY 2018
ROA ROE
0.45 (0.35) 0.02 0.14 0.10 (0.10) 0.20 0.05
0.10 (0.40) (0.30) (0.20) (0.10)
0.20 0.30 0.40 0.50
EPS(Baht) Total Payment (Baht)
Dividend Payout
44.39% 83.33% 71.43% 100.00% 0.00% 44.39% 83.33% 71.43% 100.00% 0.00% 0% 20% 40% 60% 80% 100% 120%
2013 2014 2016 2017 HY2018 Cash Dividend Total Dividend
Dividend Yield
6.94%
4.59% 6.33% 4.62% 5.24% 4.94%
1.05% 2.04% 1.72%
4.80%
0.80% 1.80% 1.40%
1.00% 3.00% 5.00% 7.00% 9.00%
GSM % EBIT % EBT % Net Profit %
Margin % Dividend Payout
1.36 1.21 1.27 1.26 1.22 1.17 1.57 2.02 1.60 1.72 2.01 1.99
1.00 1.20 1.40 1.60 1.80 2.00 2.20
2013 2014 2015 2016 2017 HY2018
Current Ratio
D/E Ratio
Current Ratio vs D/E Ratio
4.95% 4.50% 1.56% 0.00% 3.41% N/A
0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Dividend Yield %
4.99 %
HISTORICAL DIVIDENDS (Separate F/S)
Year 2013 Year 2014 Year 2015 Year 2016 Year 2017 HY 2018
Interim
(6mths. Performance 1 Jan.– Jun.14)
2014
Interim
(6 mths. Performance 1 Jan.17– Jun.17)
2017
EPS (Baht) 0.45 0.06 (0.35) 0.02 0.14 0.06 0.10 (0.10) Paid-up Capital
(Million Baht)
1,002.9 1,002.9 1,002.9 1,002.9 1,002.9 1,002.9 1,027.9 1,027.9
Dividend Paid (Baht)
0.20 0.05 0.05
0.05 0.10
0.20 0.05 0.05
0.05 0.10
14 Jun 13 = 0.05 6 Sep 13 = 0.05 5 Sep 14 = 0.05 5 Sep 14 = 0.05 8 Sep’17 = 0.05 8 Sep’17 = 0.05 13 Dec13 = 0.05 13 Dec16 = 0.05 8 May 18 = 0.05
paid from a combination of year 2017’s net profits and the retained earnings as at 31st December 20176 May 14 = 0.05 8 May 17 = 0.05
% Cash Dividend Paid 44.44 83.33
83.33 100
44.44 83.33
83.33 100
* Dividend Payment Policy : Not less than 40% of net profit after tax as per Separate Financial Statements. ** Dividend Payment Ratio not calculated for 2014 as the Company had a net loss.
(Fm.EPS=0.06 HY) (Fm.EPS=0.06 HY) AGENDA
Q2/2018
REVENUE TARGET (MB)
4,376 4,107 4,822 7,310 9,044 9,437 7,355 7,003 7,944 8,000
2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 10,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
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*will depend on the market environment and the Thai Economy.
*
Source :Thailand Industry Outlook 2018-20 by Krungsri Research (Apr. & Jul.18)
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Construction material price movement & Trend during 2018 - 2020
Source :Thailand Industry Outlook 2018-20 by Krungsri Research (Apr. & Jul.18)
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38
Mega Projects Investment Value
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IR Contact E- mail ir@cn-thai.co.th