Krathumban Water Treatment Plant
Company Presentation
TTW Public Company Limited June 2020
Company Presentation TTW Public Company Limited June 2020 - - PowerPoint PPT Presentation
Company Presentation TTW Public Company Limited June 2020 Krathumban Water Treatment Plant Disclaimer This presentation includes some forward-looking statements relevant to future events such as plans, business strategies, expectations,
Krathumban Water Treatment Plant
Company Presentation
TTW Public Company Limited June 2020
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
events such as plans, business strategies, expectations, etc. Thus, actual situations may differ from what is projected in this presentation due to the unexpected environment which might be better or worse than anticipated. Investors or material users should be meticulous on any herein information.
investment information. Also, the information included in this forward-looking statement may be changed by TTW Public Company Limited without notice and then the company does not take any duty to update any relevant information.
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Symbol SET50 SET100 SETHD SETTHSI For calculating the index during Published on TTW 1 Jul – 31 Dec 2020 15 Jun 2020
SET announces the results of semi-annual SET Index series review for the period of the second half of 2020
TTW was assessed for impact on the SDGs at the “GOLD CLASS” level based on GCI of ISAR.
Purpose Performance Impact
SDGs = Sustainable Development Goals GCI = Guidance on core Indicators for entity reporting on contribution towards implementation of the Sustainable Development Goals ISAR = International Standards of Accounting and Reporting
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
How does COVID-19 affect TTW’s Sales Volume ?
Same Period last year (November 2018 - June 2019)
How does COVID-19 affect TTW’s Sales Volume ?
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
most abundant between Aug – Sep 2020 (TMD)
*Remark : As of 12 July 2020 RID = Royal Irrigation Department TMD = Thai Meteorological Department
Sep’20 The end of rainy Season
Bhumibol Sirikit Kwai Noi Bamrung Dan Pa Sak Jolasid
30 4
20 40 60 80 100
Total Cap. Usable Water Cap.
The situation of 4 main dams of the Chao Phraya river basin
Water Contents
(7,487 mil.m3)
% %
(791 mil.m3)
Aug’20
still have sufficient raw water for our production process.
Jul’20 15th Oct’20
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
1,000 1,500 2,000 2,500 3,000 3,500
2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
TTW’s Net Profit vs Price
Price
10 Sep’00 : Company established & Entered into WPSA with PWA Jan’04 : First Day of Sale (Design Cap. = 320K / Day) Feb’06 : Acquired Water Flow Co., Ltd. Jul’04 : Official COD Jul’06 : Converted to Plc. Feb’07 : Acquired 98% PTW Shares)
As at Mar 31, 2020 (IPO)
Unit: MB
Net Profit
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
May’08 : Listed in SET
Unit: Baht
Aug’ 09 : Acquired BIE Rights Dec’08 : Second WPSA with PWA Sep’10 : First Expansion Completed
(Design Cap. = 320K / Day 440K / Day)
Sep’11 : Acquired 30% CKP Shares Mar’14 : Changed the Company’s Name to “TTW” May’15 : Increased CKP Shares &
Jun’17 : The Construction of 2nd Water Treatment Plant has been Completed
(Design Cap. = 440K / Day 540K / Day)
Sep’19 : Increased CKP Shares to 24.98% COVID-19 Outbreak (Pandemic)
Q1’
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Pathum Thani Water Company Limited Produces and distributes tap water 1,200 MB. Registered Capital * 2% is owned by PWA CK Power Public Company Limited Power Holding company 9,240 MB. Registered Capital 8,129 MB. Paid-up capital Thai Water Operations Company Limited Operates tap water and waste water treatment systems 60 MB. Registered Capital
MITSUI, 25.98% BEM, 18.47% CK, 19.40% Free Floated, 36.15% PTW 98%* TWO 68% 32%
12 As of June 30, 2020
CKP 24.98% TTW Public Company Limited
Produces and distributes tap water 3,990 MB. Registered Capital
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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Company TTW PTW TTW Business Service Tap water Supply Tap water Supply Tap Water & Waste Water Management Contract Type BOO BOOT Rights (Operating Lease) Contract Period 2004 – 2034 (30 yrs.) 1998 – 2023 (25 yrs.) 2009 – 2039 (30 yrs.) Contract Customer Whole sale to PWA Whole sale to PWA BIE Investment Scheme Production, Transmission and Distribution Production and Transmission N/A Distribution Area West Bangkok (Nakhon Pathom – Samut Sakhon) North Bangkok (Pathum Thani – Rangsit) BIE (Bang Pa-In Industial Estate, Ayutthaya) Design Capacity *540,000 m3/day 488,000 m3/day TW: 48,000 m3/day, WW: 18,000 m3/day Pathum Thani Water Treatment Plant Bangpa-in Industrial Estate Banglen Water Treatment Plant TTW PTW BIE
1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040
*Design Cap. 440,000 m3/Day
Krathumban Water Treatment Plant
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
*Starting at 100,000 m3/Day (Backup Plant)
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Pathum Thani Water Treatment Plant (PTW, Pathum Thani) Bangpa-in Industrial Estate (BIE, Ayutthaya) Banglen Water Treatment Plant (TTW, Nakhon Pathom) Krathumban Water Treatment Plant (TTW, Samut Sakhon) Amata City Industrial Estate (Chonburi, Rayong)
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Bangkok Phra Nakhon Sri Ayutthaya (BIE) Pathum Thani (PTW) Nakhon Pathom
(TTW-Banglen)
Samut Sakhon
(TTW-Krathumban)
38 15 47
Samut Sakhon – Nakhon Pathom (%)
(West BKK)
Industrial Commercial Household
15
19 66 15
Pathum Thani - Rangsit (%)
(North BKK)
Industrial Household Commercial
Serving over 500,000 Water Users
Millions of Lives
etc.
*Top Users: As of May 2020 / Portion of Water Users: As of June 2020
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
440,000 100,000 488,000 400,310 43,200 30,000 28,000 30,000 28,000
100,000 200,000 300,000 400,000 500,000 600,000
TTWTTW 2nd PlantPTW UU BW CW ET IWR REQ Capacity of Private Tap Water Companies
Unit: m3/day
1,076,000 m3/day
UU Universal Utilities Group (Subsidiary of East Water Group) BW Bangpakong Water Supply CW Chachoengsao Water Supply ET EGCOM TARA NW Nakornsawan Water Supply IWR Industrial Water Resource Management REQ R.E.Q Water Service Source : PWA, Q1’2020 Company Presentation of East Water, www.uu.co.th
400,000
16 IWR REQ
+100,000 +100,000 +100,000
Starting at 100,000 m3/Day
BIE
48,000 Plant The Krathumban Water Treatment Plant (TTW 2nd) can be expanded the design capacity up to 400,000 m3/day
Ultrafiltration (Membrane Technology)
contaminants viruses and bacteria
Krathumban Water Treatment Plant
TTW TTW 2nd
BW CW ET
NW Others
East Water & UU Group
403,910
PTW
30,000 28,000
At present In the future Peers
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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Tha Chin River
(Nakhon Pathom Province)
Chao Phraya River
(Pathum Thani Province)
End Users Household + Industrial + Commercial Raw Water Intake Rapid Mixing Tank Clarifier Tank Filter Sludge Dewatering Treated Water Water Distribution Land fill Chemical Dosing
Whole Sale
Provincial Waterworks Authority (PWA)
Banglen Pathum Thani Rai Khing
The water from sludge dewatering will be
re-claim into the processed again.
“Zero Discharge”
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
100% 30% 30% 61.3% 75%
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24.98%
1,900 MW 238 MW 29 MW
37.5%
615 MW 1,285 MW
118 MW 120 MW 8 MW 15 MW 6 MW Source : www.ckpower.co.th As of Mar 2020 To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
35.3
20 40 60 Q1'2019 Q1'2020
Unit : MB
(YoY)
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Profit sharing from investment in CK Power
Q1’2019 Q1’2020
Change Amount %
35.3 (84.8) (120.1) (340.2)
Source: www.ckpower.co.th
238 MW
151.6 280.3 50 100 150 200 250 300
2018 2019
Unit : MB
+84.9%
(YoY)
+128.7
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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TTW Group (%)
TTW PTW BIE Others
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
*Approximately
TTW Sales Volume
35.9 36.0 39.6 42.1
41.4
10 20 30 40 50
Q2'2016 Q2'2017 Q2'2018 Q2'2019 Q2'2020 mil.m3 Year
Q2’2020 vs Q2’2019
Year
136.1 138.5 137.7 138.4 145.9 158.3 166.1
40 80 120 160 200 2013 2014 2015 2016 2017 2018 2019 mil.m3
2019 vs 2018
+4.9%
Q2’ Daily Average (Thousand m3) Year 2016 2017 2018 2019 2020 Daily Avg. 395 396 435 463 455 Full Year Daily Average (Thousand m3) Year 2013 2014 2015 2016 2017 2018 2019 Daily Avg. 373 379 377 377 395 434 455
Location TTW % Change Period Q2’2020 Q2’2019 Utilization (%) 84 86
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Year
137.2 133.6 133.0 131.4 135.8 145.9 148.9
40 80 120 160 2013 2014 2015 2016 2017 2018 2019 mil.m3
PTW Sales Volume
Location PTW % Change Period Q2’2020 Q2’2019 Utilization (%) 87 83 +4%
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Year
33.5 34.1 36.3 37.1
38.5
10 20 30 40 50
Q2'2016 Q2'2017 Q2'2018 Q2'2019 Q2'2020 mil.m3
2019 vs 2018
+2.1%
Full Year Daily Average (Thousand m3) Year 2013 2014 2015 2016 2017 2018 2019 Daily Avg. 375 366 366 358 369 400 408 Q2’ Daily Average (Thousand m3) Year 2016 2017 2018 2019 2020 Daily Avg. 368 375 399 407 422
Q2’2020 vs Q2’2019
+3.9%
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
BIE Sales Volume
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Year
6.90 7.73 7.73 7.67 8.27 8.51 8.84
1 2 3 4 5 6 7 8 9 10 2013 2014 2015 2016 2017 2018 2019 mil.m3 Year
1.92 2.09 2.17 2.25
2.13
0.00 0.50 1.00 1.50 2.00 2.50 Q2'2016 Q2'2017 Q2'2018 Q2'2019 Q2'2020 mil.m3
Location BIE % Change Period Q2’2020 Q2’2019 Utilization (%) 49 51
Full Year Daily Average (Thousand m3) Year 2013 2014 2015 2016 2017 2018 2019 Daily Avg. 18.9 21.2 21.8 20.9 22.7 23.3 24.2 Q2’ Daily Average (Thousand m3) Year 2016 2017 2018 2019 2020 Daily Avg. 20.8 22.7 23.6 24.5 23.1
2019 vs 2018
+3.9%
Q1’2020 vs Q1’2019
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
How much room to grow?
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Q2’2020 Daily Average
TTW: 455.1K /Day PTW: 422.9K /Day BIE: 23.1K /Day
Unit: m3
Total Design Capacity
1,076K /Day
(At Present) 174.8K /Day 300K /Day
In the future, the Krathumban Water Treatment Plant (TTW 2nd) can be expanded the design capacity by 300K /Day To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Unit: 1,000 m3
Q3'2019 Q4'2019 Q1'2020 Q2'2020 BIE 24.6 24.6 22.3 23.1 PTW 409.7 408.3 415.0 422.9 TTW 455.9 451.8 454.9 455.1
455.9 451.8 454.9 455.1 409.7 408.3 415.0 422.9 24.6 24.6 22.3 23.1
100 200 300 400 500 600 700 800 900 1,000 892.3 901.2 884.6 890.3 Total
892.3 901.2 884.6 890.3
Daily Average by quarterly
901.2K
/Day
TTW - Financial Performance
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Q1’2020 vs Same period last year
1,344.3 1,394.1 1,430.7 1,491.1
1,506.4
770.9 841.7 871.1 922.1
933.9
1,160.9 1,228.9 1,254.6 1,317.0 1,329
Q1'2016 Q1'2017 Q1'2018 Q1'2019 Q1'2020 Total Revenue Net Profit EBITDA Unit : MB
+1.3% +1.0%
+0.9% To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses As at Mar 31, 2020
Consolidated - Financial Performance
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2019 vs 2018 Q1’2020 vs Same period last year
5,574.5 5,499.1 5,747.4 5,948.5
6,165.6
2,680.5 2,475.6 2,663.2 2,841.9 3,128.0
4,514.7 4,429.4 4,699.9 4,901.5 5,269.8
2015 2016 2017 2018 2019 Total Revenue Net Profit EBITDA Unit : MB
+3.6% +10.1%
+7.5%
1,378.0 1,354.0 1,450.2 1,511.3
1,541.7
619.3 593.3 668.1 737.9
639.7
1,115.4 1,088.4 1,172.1 1,269.9 1,177
Q1'2016 Q1'2017 Q1'2018 Q1'2019 Q1'2020 Total Revenue Net Profit EBITDA Unit : MB
+2%
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses As at Mar 31, 2020
Historical Dividend Payment & Payout Ratio
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(Bt./share)
0.62 0.60 0.68 0.67
0.72
0.60 0.60 0.60 0.60
0.60
2015 2016 2017 2018 2019
EPS DPS
(@12.30 baht per share / as of Sep 14, 2018)
statutory reserve, and other reserves required by terms of relevant agreements.
Year
Particular 2019 2018 2017 2016 Net profit
2,855 2,667 2,699 2,391
0.72 0.67 0.68 0.60 DPS (Bt./share)
0.30 0.30 0.30 0.30
0.30 0.30 0.30 0.30 Total DPS 0.60 0.60 0.60 0.60 Dividend amount (MB) 2,394 2,394 2,394 2,394 Dividend / Net profit 83.9% 89.8% 88.7% 100.0%
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Financial Ratios
29 As at 31 Mar 2020
23.6 21.6 22.6 23.1
23.4
19.1
10.1 9.7 11.5 12.3 13.6
11.0
2015 2016 2017 2018 2019 Q1'2020 ROE ROA
1.33 1.23 0.96 0.89 0.76
0.71
0.67 0.77 0.67 0.53 0.47
0.38
2015 2016 2017 2018 2019 Q1'2020 D/E Net D/E
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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13,124.8 13,583.4 10,033.3 9,648.3 23,158.1 23,231.7
10,000 20,000 30,000 40,000 50,000 31 Dec. 2019 31 Mar. 2020
Total shareholders’ equity Total liabilities Total assets
(Unit : MB)
+0.3%
+3.5%
Consolidated Financial Position
To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
construction work, improvement of the water supply and distribution system
to the redemption of debentures and loan repayment.
due to the net profit from operations.
Appendix 1 : TTW profit and loss statement Appendix 2 : Consolidated profit and loss statement Appendix 3-5 : Water Dispatch
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
TTW profit and loss statement Quarter 1 Change 2020 2019 Amount % Total revenue 1,506.4 1,491.1 15.3 1.0
1,028.9 1,011.9 17.0 1.7
468.3 464.2 4.1 0.9
9.2 15.0 (5.8) (38.7) less Cost of goods sold and services 258.3 259.4 (1.1) (0.4) less Administrative expenses 112.6 102.2 10.4 10.2 EBIT 1,135.5 1,129.5 6.0 0.5 EBITDA 1,329.4 1,317.0 12.4 0.9 plus Finance income 3.2 6.7 (3.4) (50.8) less Finance cost 74.3 82.9 (8.6) (10.4) less Income tax expenses 130.5 131.2 (0.7) (0.5) Net profit for the period 933.9 922.1 11.8 1.3 Gross profit margin 74.9% 74.4% EBITDA margin 88.3% 88.3% Net profit margin 62.0% 61.8%
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
Quarter 1 Change 2020 2019 Amount % Total revenue 1,541.7 1,511.3 30.4 2.0
1,534.4 1,497.8 36.6 2.4
7.3 13.5 (6.2) (45.9) less Cost of goods sold and services 448.8 443.0 5.8 1.3 less Administrative expenses 118.0 107.2 10.8 10.1 plus Profit (Loss) sharing from investment in associated (84.8) 35.3 (120.1) (340.2) EBIT 890.1 996.4 (106.3) (10.7) EBITDA 1,177.0 1,269.6 (92.6) (7.3) plus Finance income 2.9 3.2 (0.3) (9.4) less Finance cost 74.4 82.9 (8.5) (10.3) less Income tax expenses 175.5 174.0 1.5 0.9 less Minorities interest 5.2 4.8 0.4 8.3 Net profit for the period 637.9 737.9 (100.0) (13.6) Gross profit margin 70.8% 70.4% EBITDA margin 76.3% 84.0% Net profit margin 41.2% 48.6%
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses
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บริษัท ทีทีดับบลิว จ ำกัด (มหำชน) TTW Public Company Limited
30/130 Moo 12, Buddha Monthon 5 Rd, Rai Khing, Sam Pran, Nakhon Pathom, Thailand 73210 Tel : +66 2019 9490 – 3 Ext. 1100, 1108 Fax : +66 2420 6064 Web Site : www.ttwplc.com E-mail : ir@ttwplc.com Website : www.ttwplc.com Facebook : TTW Plc Instagram : TTW Plc LinkedIn : TTW Public Company Limited