Company Presentation TTW Public Company Limited H12019 Disclaimer - - PowerPoint PPT Presentation

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Company Presentation TTW Public Company Limited H12019 Disclaimer - - PowerPoint PPT Presentation

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Company Presentation TTW Public Company Limited H12019 Disclaimer This presentation includes some forward-looking statements relevant to future events such as plans, business strategies, expectations, etc. Thus, actual situations may

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Company Presentation

TTW Public Company Limited H1’2019

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SLIDE 2

To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Disclaimer

 This presentation includes some forward-looking statements relevant to future 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.  This presentation, which is prepared by the company, is only used for 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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Agenda Company Overview Operating and Financial Performance

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

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SLIDE 4

Company Overview – Key Milestone

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Sep’00 : Company established & Entered into WPSA with PWA Jul’04 : Official COD Jan’04 : First Day of Sale Jul’06 : Converted to Plc. May’08 : Listed in SET Aug’ 09 : Acquired BIE Rights Sep’10 : First Expansion Completed Sep’11 : Acquired 30% CKP Shares Feb’06 : Acquired Water Flow Co., Ltd. Feb’07: Acquired 98% PTW Shares) Dec’08 : Second WPSA with PWA Mar’14 : Changed the Company’s Name to “TTW” Jun’17 : The Construction of 2nd Water Treatment Plant has been Completed May’15 : Increased CKP Shares &

  • versubscribed to 25.31% CKP Shares
Krathumban Water Treatment Plant Pathumthani Water Treatment Plant Bangpa-In Industrial Estate CK Power Plc. (B.E. 2543) (B.E. 2547) (B.E. 2547) (B.E. 2549) (B.E. 2549) (B.E. 2550) (B.E. 2551) (B.E. 2551) (B.E. 2552) (B.E. 2553) (B.E. 2554) (B.E. 2557) (B.E. 2558) (B.E. 2560)
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SLIDE 5

Company Overview – Our Business

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Produces and

Distributes

Tap water

Operates

Waste water

Tap water and

Investment in

Other business

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SLIDE 6

Company Overview – Shareholder Structure

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 Thai Water Operations Company Limited Operates tap water and waste water treatment systems 60 MB. Registered Capital

MITSUI 26% BEM 18.5% CK 19.4% Free Floated 36.1% PTW 98%* TWO 68% 32%

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

As of Jun 28, 2019

CKP 23.4%

TTW Public Company Limited

Produces and distributes tap water 3,990 MB. Registered Capital

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SLIDE 7

Company Overview – Current Project

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses Company TTW PTW TTW Business Service Tap water Supply Tap water Supply Tap Water & Waste Water Management Contract Type BOO BOT 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 ThaniWater Treatment Plant Bangpa-in Industrial Estate Banglen Water Treatment Plant

*Design Cap. 440,000 m3/Day

Krathumban Water Treatment Plant

*Design Cap. 100,000 m3/Day

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SLIDE 8

Nakhon Pathom (TTW) Samut Sakhon (Krathumban) Bangkok

Company Overview - Location

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Pathum Thani (PTW)

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)

  • 3 Companies
  • 5 Locations in Water Business
  • 1 Company in Energy Business

Phra Nakhon Sri Ayutthaya (BIE)

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SLIDE 9

42 17 41

Samut Sakhon – Nakhon Pathom (%)

Industrial Commercial Household

Company Overview – Portion of Water Users

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

21 61 18

Pathum Thani - Rangsit (%)

Industrial Household Commercial

Top Users: As of Jun 2019 / Portion of Water Users: As of July 2019

Serving over 500,000 Water Users

  • r Millions of Lives
  • Thai Union Group
  • Pataya Food Industries
  • Pakfood
  • Better Foods
  • Unicord
  • Y.R,C, Textile
  • etc.
  • Mahidol University
  • Nadee Municipality (Waterworks)
  • Sinsakhon Waterworks
  • etc.
  • Klongluang Utilities
  • Greensport
  • ThainamthipManufacturing
  • Elec & Eltek (Thailand)
  • Pinehurst golf club & Hotel
  • etc.
  • Future Park Rangsit
  • Asian Institute of Technology
  • Rangsit University
  • Zeer Rangsit
  • Dreamworld
  • NSTDA
  • etc.
  • Summit Starhome
  • Pruksa Real Estate
etc.
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SLIDE 10

440,000 100,000 488,000

380,000 43,200 30,000 28,000 30,000 28,000

100,000 200,000 300,000 400,000 500,000 600,000 TTW TTW 2nd Plant PTW UU BW CW ET IWR REQ Capacity of Private Tap Water Companies

Company Overview – The Leading Position of Water Business in Thailand

m3/day

1,028,000 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, www.uu.co.th

400,000

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

The Krathumban Water Treatment Plant (TTW 2nd) can expand the capacity up to 400,000 m3/day

2nd

BW CW ET

NW Others

UU Group IWR REQ

+100,000 +100,000 +100,000

Starting at 100,000 m3/Day

*Remark – Not include BIE

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Company Overview - Water Production Procedures

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Tha Chin River

(Nakhon Pathom Province)

Chao Phraya River

(Pathum Thani Province)

End Users Household + Industry + 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

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100% 30% 30% 61.3% 75%

  • - - - -
  • - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Company Overview - Investment in Other Business

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

  • Southeast Asia Energy Co., Ltd. (SEAN)
  • Bang Pa-In Co-Generation Co., Ltd. (65%)
  • Phase 1 (BIC 1)
  • Phase 2 (BIC 2)
  • Bangkhenchai Co., Ltd. (BKC)
  • Chiangrai Solar Co., Ltd. (CRS)
  • Nakhon Ratchasima Solar Co., Ltd. (NRS)

23.4%

1,900 MW 238 MW 29 MW

  • Nam Ngum 2 Power Company (NN2)
  • Xayaburi Power Co., Ltd. (XPCL)

37.5%

615 MW 1,285 MW 118 MW 120 MW 8 MW 15 MW 6 MW

Source : www.ckpower.co.th As of Jun 28, 2019
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Company Overview - Investment in Other Business

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Profit sharing from investment in CK Power

238 MW

56.5

19.9 10 20 30 40 50 60

H1'2019 H1'2018

Unit : MB +183.9%

(YoY)

H1’2019 H1’2018

Change Amount %

56.5 19.9 36.6 +183.9

*Xayaburi Dam will be COD on October 2019

As of June, 2019

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Agenda Company Overview Operating and Financial Performance

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

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Operating & Financial Performance – Portion of Revenue

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

60 30 5 5

TTW Group (%) TTW PTW BIE Others

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Operating & Financial Performance

TTW Sales Volume

Location TTW Period H1’2019 H1’2018 Utilization (%) 84.5 79.4

To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Year

136.1 138.5 137.7 138.4 145.9

158.3 40 80 120 160 2013 2014 2015 2016 2017 2018 mil.m3

8.5%

+

68.9 70.4 69.8 77.6

82.6

20 40 60 80 100

H1'2015 H1'2016 H1'2017 H1'2018 H1'2019

mil.m3 Year

6.4%

+

  • 2018 Daily Average (m3) = 434K / Day
  • H1’2019 Daily Average (m3) = 456K / Day
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Year

137.2 133.6 133.0 131.4 135.8 145.9

40 80 120 160 2013 2014 2015 2016 2017 2018 mil.m3

7.4%

Operating & Financial Performance

PTW Sales Volume

Location PTW %

Change

Period H1’2019 H1’2018 Utilization (%) 83.4 81.4 +2%

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

+

Year

66.0 66.1 66.2 71.9

73.7

20 40 60 80

H1'2015 H1'2016 H1'2017 H1'2018 H1'2019

mil.m3

2.5%

+

  • 2018 Daily Average (m3) = 400K / Day
  • H1’2019 Daily Average (m3) = 407K / Day
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Operating & Financial Performance

BIE Sales Volume

Location BIE %

Change

Period H1’2019 H1’2018 Utilization (%) 49.7 47.7 +2%

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

2.9%

+

Year

7.73 7.73 7.67 8.27

8.51 2 4 6 8 10 2014 2015 2016 2017 2018 mil.m3

Year

3.72 3.66 3.89 4.17

4.34

3.20 3.40 3.60 3.80 4.00 4.20 4.40

H1'2015 H1'2016 H1'2017 H1'2018 H1'2019

mil.m3

4.1%

+

  • 2018 Daily Average (m3) = 23K / Day
  • H1’2019 Daily Average (m3) = 24K / Day
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Operating & Financial Performance

Financial Performance

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5,622.1 5,574.0 5,499.0 5,747.0 5,948.5 2,973.9 2,697.0 2,492.0 2,663.2 2,841.9

2014 2015 2016 2017 2018 Total Revenue Net Profit

Unit : MB

To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

  • The Net Profit for the year increased by 178.7 MB mainly due to the

increase in sale volumes, profit sharing from investment in an associated company, and decrease in the finance cost.

2018 vs 2017

+6.7% +3.5%

H1’2019 vs Same period last year

2,780.4 2,926.7

3,059.3

1,251.4 1,360.6

1,467.7

H1'2017 H1'2018 H1'2019

Unit : MB

+7.9% +4.5%

  • Increase in sales volume of TTW and PTW
  • Adjustment of selling price by CPI of TTW and PTW
  • Decrease in finance cost by the redemption of debentures of 1,500 MB
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Operating & Financial Performance

Historical Dividend Payment & Payout Ratio

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(Bt./share) 0.62 0.60

0.68

0.67

0.36

0.60 0.60

0.60

0.60

0.30

2015 2016 2017 2018 H1'2019

EPS DPS

To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

Dividend Yield 4.88%

(@12.30 baht per share / as of Sep 14, 2018)

  • Dividend policy: dividend payment not less than

50% of net profit. (after deduction of all reserves required by laws and regulations)

Year

Particular H1’2019 2018 2017 2016 Net profit

  • Amount (MB)

1,439 2,667 2,699 2,391

  • EPS (Bt./share)

0.36 0.67 0.68 0.60 DPS (Bt./share)

  • Dividend#1 (Interim)

0.30 0.30 0.30 0.30

  • Dividend#2
  • 0.30

0.30 0.30 Total DPS 0.30 0.60 0.60 0.60 Dividend amount (MB) 1,197 2,394 2,394 2,394 Dividend / Net profit 83.2% 89.8% 88.7% 100.0%

(Interim)

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Operating & Financial Performance

Financial Ratios

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

As of 30 Jun 2019

1.16 1.33 1.23 0.96 0.89

0.73

2014 2015 2016 2017 2018 Q1'2019

Debt to Equity

H1’2019

26.6 23.6 21.6 22.6 23.1 12.1 10.5 9.5 11.5 12.3

2014 2015 2016 2017 2018

ROE ROA

  • Repayment of long-term loans and redemption of debentures of 1,500 MB.
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Operating & Financial Performance

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

12,365 12,618 10,966 9,218 23,330 21,836

31 Dec 2018 30 Jun 2019 Total Equity Total Liabilities Total Asset

  • 6.4%
  • 15.9%

+ 2.0%

Consolidated Financial Position

  • Total assets decreased by 1,494.0 MB or 6.4% due

to the depreciation and amortization recording and the redemption of debenture in February 2019.

  • Total liabilities decreased by 1,747.4 MB or 15.9%,

mainly due to debentures redemption of 1,500 MB and loan repayment.

  • Total shareholders’ equity increased by 253.4 MB
  • r 2.0% due to the net profit from operations and

dividend payment.

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SLIDE 23 Credit : Arek Socha, from Pixabay

Q & A

Keep in touch with TTW.

Website : www.ttwplc.com Facebook : TTW Plc Instagram : TTW Plc

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Appendices

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Appendices – TTW’s Historical Stock Prices

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

4.20 4.18 4.46 6.35 5.05 9.20 10.00 11.60 10.60 10.70 12.60 12.40 14.20 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00

TTW Price

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

(22 May 2008 / First Day Trade) At the end of year ----> Baht (30 Jun 2019)
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Appendices – TTW’s Achievement

Receiving “AA-” in credit

rating on the company &

senior unsecured debentures

conducted by TRIS Rating

Co., Ltd Receiving “100” scores for

  • rganizing Annual Ordinary

General Meeting of Shareholders

conducted by TIA The Company was selected to

be include in Thailand

Sustainability Investment

THSI of the year 2018

Receiving “Very Good”

grade for Corporate Governance Report of Thai Listed Companies

conducted by IOD

ESG 100 Company of

the year 2019 conducted by THAIPAT

Receiving the “Thailand Top

Company Awards 2019”

by University of the Thai

Chamber of Commerce (UTCC) & Business+ Magazine

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To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

The Company was selected to

be include in SET THSI

Index of the year 2018

by The Stock of Thailand

TTW has been selected by

THAIPAT to be include

in 1 of 58 Companies of

“THAIPAT ESG Index”

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SLIDE 27

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Symbol SET50 SET100 SETHD SETTHSI For calculating the index during Published on TTW Reserve list 1 Jul – 31 Dec 2019 18 Jun 2019

(List by Alphabet)

Appendices – SET Index

To be Thailand’s Leading Company in Water, Energy and Eco-Friendly Businesses

SET announces the results of semi-annual SET Index series review for the period of second half of 2019

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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. 1108, 1110 Fax : +66 2420 6064 Web Site : www.ttwplc.com E-mail : ir@ttwplc.com Website : www.ttwplc.com Facebook : TTW Plc Instagram : TTW Plc