Company Presentation Opportunity Day 8 th June 2018 FORWARD LOOKING - - PowerPoint PPT Presentation

SLIDE 1

Triton Holding Public Company Limited

Company Presentation

Opportunity Day – 8th June 2018

SLIDE 2

FORWARD LOOKING STATEMENTS

Statements included or incorporated in these materials that use the words “believe”, “anticipate”, “ estimate”, “target”, or “hope” , or that otherwise relate to objectives, strategies, plans, intentions, beliefs or expectations or that have been constructed as statements as to future performance or events, are “forward-looking statements” within the meaning are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated at the time forward-looking statements are made. TRITON undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. TRITON makes no representation whatsoever about the opinion or statements of analyst or other third party. TRITON does not monitor or control the content of third party opinions or statements and does not endorse or accept any responsibility for the content

• f the use of any such opinion or statement.

SLIDE 3

• Introduction
• 2017 – Q1 2018 Updates
• Triton Holding
• Splash Media
• Strega

AGENDA

SLIDE 4

TRITON HOLDING INVESTMENT STRUCTURE

Splash Media Plc.

99.99%

Strega Plc.

84.21%

Triton Holding Plc.

SLIDE 5

BOARD OF DIRECTORS

General Lertrat Ratanavanich Chairman

Other positions

• Director, MFC Asset Management Plc.
• Vice Chairman, National Reform Committee for

Energy

• Honorary Vice President of Athletic Association,

Thailand Patron: His Majesty the King

Pol.Gen. Werapong Chuenpagdee Deputy Chairman

Other positions

• Special Advisor the Royal Thai Police, Government
• Chairman of the Board of Directors, Arinsiri Co., Ltd.
• Independent Director, Audit Committee, and

chairman of the Good Corporate Governance Committee, Country Group Holdings Plc.

• Mr. Natdanai Indrasukhsri

Chairman of the Audit Committee

Other positions

• Independent Director, Audit Committee,

Nomination Committee, and Compensation Committee, The Post Publishing Plc.

• Director and Executive Director, Siam City Insurance

Plc.

Miss Louise Taechaubol Director, Chairman of the Executive Directors, Chief Executive Officer

Other positions

• Director, Chairman of the Board of Executive

Directors, and Chief Executive Officer

• Director and Executive Director, Splash Media Plc.

Pol.Col. Kidanun Komkhum Director and Audit Committee

Other positions

• Treasurer of The Parent - Teacher of Patumwa

Demonstration School Association

• Accounting and Budgeting and General Staff of

Royal Thai Police Lecturer of Accounting and Budgeting of Police Cadet Academy and the course of RTP

• Mr. Surabhon Kwunchaithunya

Director and Executive Director

Other positions

• Chairperson, Country Group Securities Plc.
• Vice Chairperson, Country Group Holdings Plc.
• Director, Executive Director, Chairman of the

Nomination and Remuneration Committee and Member of the Good Corporate Governance Committee, MFC Asset Management Plc.

• Mrs. Narumol Chattawan

Director, Executive Director and Chief Financial Officer

Work experiences

• Executive Vice President Accounting and Acting

Senior Executive Vice President Financial & Accounting, The International Plc. (IEC)

• Mr. Pipat Suvanajata

Director and Executive Director

Work experiences

• Vice President Attached to Chief Operation Officer,

Downstream Petroleum Business Group, PTT Plc.

• Managing Director, PTT International Trading Plc.

Pol.Maj.Gen. Ittipol Ittisarnronnachai Director

Other positions

• Deputy Commander, Investigation Division,

Immigration Bureau The Royal Thai Police, Government

• Independent Director Country Group Development

Plc.

• Dr. Boonlue Prasertsopar

Director

Other positions

• Independent Director, Member of the Audit

Committee and Member of the Nomination & Remuneration Committee, MFC Asset Management Plc.

• Association President, Faculty of Environment and

Resource Studied, Mahidol University - Director, BV. Modern Co., Ltd.

• Mr. Adipong Puttarawigrom

Director and Audit Committee

Other positions

• Advisory Director, SSPP Capital Co., Ltd.
• Advisory Director, Fresh Air Festival Co., Ltd.
• Co-founder, Siam Silver Plus Partners Co., Ltd.
• Mr. Chanachai Joonjiraporn

Director and Audit Committee

Other positions

• Director and Chief Executive Officer, AEC Securities

Public Company Limited

• Director and Independent Director, Industrial and

Commercial Bank of China (Thai) Plc.

SLIDE 6

MANAGEMENT TEAM

• Mr. Pipat Suvanajata

Chief Executive Officer

• Mrs. Narumol Chattawan

Chief Financial Officer Triton Holding Plc.

• Mr. Chonlatee Sombatmak

Project Director

• Mrs. Pensri Suebsuwong

Human Resource Director

• Mr. Adisorn Kheawsomboon

Project Control

• Mrs. Natthavadee

Anananuchatkul Procurement Manager

• Mr. Asoke Karnasuta

Business Development Manager Miss Louise Taechaubol Chief Executive Officer Triton Holding Plc.

• Mr. Surabhon

Kwunchaithunya Deputy Chief Executive Officer Triton Holding Plc.

SLIDE 7

75.5

• 243.7
• 28.8
• 150.4
• 198.1

3.1 65.5

• 77.43

18.45

• 334.7
• 38

27.88

• 350
• 250
• 150
• 50

50 150 250

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 Net Profit (MB)

HIGHER PERFORMANCE AND QUICK TURNAROUND

29.2 3.9 6.71 148.69 84.68 95.73 250 113.57 859.99 500 1000 2015 2016 2017 2018F

Consolidated Revenue and Revenue Breakdown

Triton Splash Strega

Million Baht Million Baht

SLIDE 8

2017 - Q1 2018 MILESTONES AND UPDATES

• January 2017: Award and Signing of

NFPT Project 3,300 billion (as main contractor)

• October 2017: EIA NFPT Pass Date
• October 2017: PTTGC Project Award

Phase 1 57 million (as main contractor and on vendor list)

• November 2017: NFPT Beginning of

construction

• November 2017: Award FPT Booster

Pump 216 million (as main contractor)

• March 2018: NFPT Additional HDD 47km

420million and Rock Conditions work variation estimation 100 million

• March 2017: 10 year agreement of 8

billboards Ratchada Night Bazaar

• April 2017: Closure of broadcasting

and TV advertising

STREGA SPLASH MEDIA

• March 2018:
• Application to change to construction
• Merge of Board member &

management of Strega and Triton

• Reduced retained losses
• Warrant declaration

TRITON HOLDING

SLIDE 9

2017 TO 2018 TURNAROUND

Summary of 2017

• 2017 Management and Board of Directors Up

haul

• 2017 Write off and Impairment of all ongoing

legal disputes

• Year End 2017 total reduction in operating cost
• f 27.68 % a year in TRITON and its subsidiaries
• Increased Backlog of Strega from 80 million

Baht to 4.3 billion Baht

• Closure of non performing subsidiaries such as

TV production and broadcasting of Splash Media

• Strega changed from HDD specialist to EPCM

company, once a subcontractor to main contractor position for most awards received in 2017

2018 Looking forward

• To position TRITON for a turnaround

year in 2018 onwards.

• Focusing on creating shareholder

returns

• Strategy, execution and passion to

drive results

• Diminish all retained losses
• Bids for mega projects

SLIDE 10

HISTORICAL STOCK PRICE MOVEMENT

Million Baht Par Baht

0.29 0.2 0.48 0.51 0.33 0.33 0.5 0.1 0.14 0.08 0.3

0.5 1 1.5

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Q1 Net Profit (MB) 75.5

• 243.7
• 28.8
• 150.4
• 198.1

3.1 65.5

• 77.43

18.45

• 334.7
• 38

27.88

• 350
• 250
• 150
• 50

50 150 250

Net Profit Stock Price

SLIDE 11

51.56 140.79 203.26 566.84 940.14

• 24.73
• 13.24
• 7.97

7.13 27.88

• 50

150 350 550 750 950 Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018 Revenue Net Profit

Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018

Revenue

51.56 140.79 203.26 566.84 940.14

Gross Profit

18.31 13.37 22.97 38.96 53.21

Net profit

(24.73) (13.24) (7.97) 7.13 27.88

Million Baht

FINANCIAL PERFORMANCE 2017 – 2018 Q1

SLIDE 12

• 80 billboards in BKK and Outer skirts of Bangkok
• Out of Home Advertisement Market remains strong. The

Market Value of OOH has grown 23% year on year to 10.5 billion Baht with billboards accounting 5.13 billion (increase

• f 34% from the previous year)
• High exposure and exceptional located billboards
• Consistent Income generating source for the company

69.82 63.67 148.69 84.68 95.73

50 100 150 200

2013 2014 2015 2016 2017 2018F Consistent Income Generation Source for the Company

Million Baht

REVENUE

SLIDE 13

SPLASH MEDIA COMPETITOR ANALYSIS

1,465 405 2,963 622 86 355 1,000

OOH Market Share Ranked by Revenue (THB mn)

PLANB AQUA VGI MACO SPLASH TSF OTHER

Media Industry Market Outlook

• 1. Mergers between media companies to form a larger

conglomerate to take advantage of economies of scale.

• 2. Movement towards Digital Media in the last few years

however end users are becoming confused and bombarded with too much information.

• 3. OOH is still one of the most effective ways to market and

stagnant billboards are still effective as it creates a certainty and memory for end users. SPLASH and the industry

• A niche company providing only OOH rental space in the industry.
• Unaffected by larger companies as billboard location are in prime

areas with most being billboards of large size and over 10 years.

• Continue to provide consistent income for the company.
• Future Outlook: Possible merge with larger group

SLIDE 14

• Increased Revenue and Net Profit
• EBITDA
• Increased Clientele: Listed on PTT and subsidiaries vendor list
• Subcontractor to Main contractor
• Reorganization of the company
• From HDD Specialization to full Engineering Procurement Construction and

Management Company

• Full set of professional management team

STREGA PUBLIC COMPANY LIMITED

SLIDE 15

STREGA FINANCIAL PERFORMANCE 2017 – 2018 Q1

30.23 115.35 179.35 535.19 900.67

• 24.15
• 28.24
• 10.23

5.19 17.45

• 50

150 350 550 750 950

Q1/2017 Q2/2017 Q3/2017 Q4/2017 Q1/2018

Revenue Net Profit Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018

EBITDA (MB)

• 7.88
• 7.98

5.67 23.89 42.67

Net Margin (MB)

6.89 4.36 15.02 29.21 43.26

Million Baht

2017 revenues of Strega grew by 657.33 %, which represents 88.80% of the total revenue of

• TRITON. In 2017, EBITDA continued to improve

quarter on quarter due to the award of new projects and the beginning of construction. Current Backlog as

• f

Dec 2017 is approximately 4.3 billion Baht.

SLIDE 16

NFPT NORTHERN FUEL PIPELINE TRANSPORTATION CONSTRUCTION UPDATE

• As of March 2018, the company has completed 44% of total
• work. The initial 3,300 contract has increased to 3700 with

additional increases if rock conditions are to occur (which is estimated to be in Phase 2 and approximately 100 million Baht worth)

• As of today there are 1500 employees on NFPT construction site.
• February 2018, completed total length of pipeline is 80km and

total stringing of pipes 200 km with a total of 569 km to complete.

• Overall progress has been as expected.

ONGOING PROJECTS

SLIDE 17

NFPT PROJECT PROGRESS

10 20 30 40 50 60 70 80 90 100 1 12 23 34 45 56 67 78 89 100 111

Project progress

• No. of week

Planned Actual

30 March 2018

SLIDE 18

OTHER ONGOING PROJECTS

Total project value

> 300 MB

PTTGC SINO-THAI BOOSTER PUMP

SLIDE 19

FUTURE PROJECTS

Currently in bids with total value of

5,000 – 10,000 MB

SLIDE 20

THANK YOU

Q&A