Nawarat Patanakarn Plc. Opportunity Day Mar-26-2019 DEVELOPING THE - - PowerPoint PPT Presentation

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Nawarat Patanakarn Plc. Opportunity Day Mar-26-2019 DEVELOPING THE - - PowerPoint PPT Presentation

Nawarat Patanakarn Plc. Opportunity Day Mar-26-2019 DEVELOPING THE FUTURE Since 1976 Disclaimer I m p o r t a n t N o t i c e: The content of the presentation provided by the Nawarat Patanakarn Public Company Limited (the Company )


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Nawarat Patanakarn Plc.

Opportunity Day Mar-26-2019

DEVELOPING THE FUTURE Since 1976

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Disclaimer

I m p o r t a n t N o t i c e: The content of the presentation provided by the Nawarat Patanakarn Public Company Limited (the “Company”) is intended to provide as information for discussion purpose only and is strictly for private and confidential. Past performance is not indicative of future

  • performance. Any unauthorised disclosure, use or dissemination, either whole or partial,

is prohibited. It must not be reproduced, copied or made available to others. 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

  • r 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 servants or agents have given any consideration to nor have they

  • r 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.

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COMPANY INTRODUCTION

COMPANY OVERVIEW

  • 1976 Established by Mr. Mana Karnasuta
  • 1995 Increased registered capital to 500 million THB
  • 1995 listed in the Stock Exchange of Thailand (SET)
  • 2018 Annual Turnover 8,676 million THB
  • 2018 Total Asset 13,043 million THB
  • 2018 Registered capital 2,585 million THB
  • 2018 Corporate Governance Rating upgraded to 4 star
  • 2018 TRIS Rating BBB-
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“A corporate with passion to grow as a leader in construction and diversified promising business based on valuable contribution to the prosperity and social responsibility of all.”

“มุ่งมั่นก้าวหน้าในงานก่อสร้าง อย่างผู้น า พัฒนาก้าวไกลในธุรกิจที่มีอนาคต อย่างมีคุณค่า อ านวยประโยชน์ต่อทุกส่วน อย่างใส่ใจและรับผิดชอบ”

Our Vision

Since 1976

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Construction Contracting and EPC Pre-stressed and Precast Concrete Product Steel Fabrication Wastewater Treatment Plant Design&Build and Operation&Maintenance Real Estate and Property Development

Our Business

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Operations in Thailand and around AEC

Cambodia Laos Myanmar Vietnam

Thailand

Bangkok HQ Bangna Factory Samutsakorn Factory Chacheungsao Factory Cholburi Factory

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Experienced Area

Power & Industrial Plant

Power Plant Hydropower Plant Industrial Plant/Warehouse Wastewater Treatment Plant Industrial Estate Infrastructure

Transportation

Highway/Expressway Bridge/Flyover/Interchange MRT Station Airport

Underground

Tunnel-Water/Wastewater/Utilities Pipe Jacking/Shaft Underground works

Buildings

Convention Center Shopping Complex Hotel/Resort Condominium Office/Hospital/Showroom Housing Estate

Marine

Berth/Jetty LNG Terminal Dredging Channel Container Yard

Water Containment

Reservoir/Dam Flood Protection

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Human Capital

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Total manpower : 3,500 (Excluded Outsource) Professional engineer : 262 Technician : 550

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Production Facilities

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Location: Bangkok & EEC area

  • Samut Prakarn, Bangna Factory
  • Cha Choeang Sao Factory
  • Samut Sakhon
  • Chon Buri Factory

Precast Product: Total capacity 20,000 m3 per month

  • Pre-Stressed Concrete Piles & Girder
  • Pre-Stressed Concrete Systems for Building
  • Shaft Plant and Pre-cast Concrete Jacking Pipes
  • Precast Concrete Products

Steel Fabrication: Total capacity 1,000 ton per month

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Production Facilities

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Production Facilities

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On-Going Project

Renovate UHT Plant

Industrial Work

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The MRT Orange Line (East Section) Project Contract E5

Transportation Infrastructure On-Going Project

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On-Going Project Underground Work

MRT LINK SAMYAN

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On-Going Project

CIVIL WORKS OF FORESTIAS

Civil Works Work

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Completed Project

Don Sri Non Bride Project

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Completed Project

Railway Overpass Nakornpathom

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Completed Project

Mae Moh Power Plant

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Professionalism

QUALITY & SAFETY ENVIRONMENTAL HEALTH STANDARD

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Sustainable Development

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Sustainable Development

บริษัท เนาวรัตน์พัฒนาการ จ ากัด (มหาชน) ได้จัด กิจกรรม CSR ในโครงการ “NWR ร่วมสร้าง ด้วยใจ ส่งมอบให้ด้วยรัก” ครั้งที่ 1 โดยผู้บริหาร และพนักงานร่วมกันช่วยกันบริจาคเงินสนับสนุน และร่ วมก่อสร้างสนามเด็กเล่น รวมถึง สาธารณูปโภค ให้กับโรงเรียนบ้านทองอินทร์ ต. ไชยราช บางสะพานน้อย จ.ประจวบคีรีขันธ์ เป็ นจ านวนเงิน 317,709 บาท เมื่อวันที่ 4 สิงหาคม 2561 ที่ผ่านมา อีกทั้งยังได้เดินทางไป ท่าเทียบเรือประจวบ ของบริษัท ท่าเรือประจวบ จ ากัด เพื่อให้พนักงานได้ย้อนรอยการสร้างท่าเรือ ประจวบ ที่บริษัทได้เคยก่อสร้างไว้เมื่อปี พ.ศ.2537

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Performance Summary

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2018 Financial Highlights

2018 Financial Performance (Unit : THB mm) 2017 2018 Year-On-Year Growth (%) Construction contract +8,356.4 +8,676.4 +4% Rendering of sale and service +919.1 +1,259.1 +37% Other Income +69.9 +101.1 +45% Total revenues +9,345.4 +10,036.6 +7% Cost of construction

  • 7,879.7
  • 8,121.7

+3% Cost of sale and service

  • 781.2
  • 996.9
  • 28%

SG&A

  • 600.9
  • 649.6

+8% Doubtful debts

  • Total Expense
  • 9,311.1
  • 9,458.2

+2% Profit (loss) from associates +1.8 +86.6 +47.1% Finance cost

  • 224.3
  • 215.2
  • 4%

Income Tax

  • 6.2
  • 24.3

+291% Net earning

  • 194.5

+425.4 +3,187% Non-controlling Interest 8.2 7.4

  • 9%

Net earning to Equity Holders

  • 202.8

+418.0 +3,061%

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Details of Revenue

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Key Performance Index

Construction Revenue and Growth (Unit:THB mm) Gross Margin SG&A/Sales Net Margin 25 6,603 7,202 7,919 8,356 8,676 2014 2015 2016 2017 2018 +9% yoy +10% yoy +6% yoy +4% yoy 25% yoy 4.4% 5.6% 7.9% 5.7% 5.7% 2014 2015 2016 2017 2018

Construction Margin

4.6% 5.0% 5.6% 6.5% 6.5% 2014 2015 2016 2017 2018 0.1%

  • 2.3%

0.6%

  • 2.4%

4.2% 2014 2015 2016 2017 2018

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New Projects Awarded (Unit:THB mm) Backlog Amounts (Unit:THB mm) D/E ratio Current Ratio

Key Performance Index

26 1.44x 2.10x 2.36x 2.47x 1.81x 2014 2015 2016 2017 2018 2.16x 2.30x 1.47x 1.38x 1.61x 2014 2015 2016 2017 2018 10,505 11,381 11,057 8,676 15,421 14,875 4,144 2,475 3,535 592 592 592

14,592 9,268 16,013 15,467

2014 2015 2016 2017 2018 31/01/2019 9,574 6,265 9,259 5,402 13,912 1,949

2014 2015 2016 2017 2018 43532 28/02/2019

14,649 13,856

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Key Performance Index

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1,791 1,959 2,063 1,861 1,704 1,987 2,195 2,475 2,087 2,141 2,633 2,484 2,519 2,406 2,687 2,426 1,625 1,762 1,849 1,793 1,477 1,769 1,963 2,082 1,804 1,853 2,235 1,988 2,101 2,057 2,269 1,694

500 1,000 1,500 2,000 2,500 3,000 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18

Million Baht Total Revenues Cost of Good Sold

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Current Backlog

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Current Backlog

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Current Backlog

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Current Backlog

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Current Backlog

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Backlog Type & Expected Gross Margin

Future projects are to be focused on high-margin works in which the company has competitive edge

Expected Gross Margin By Project Type Total Backlog Composition by Project Types 33

13% 25% 19% 3% 0% 5% 20% 30% 2% 52% 45% 74% 10% 0% 0%

2016 2017 2018

Tunnel Marine Building Industrial Infrastructure Earth Work

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Backlog by Project Size Portfolio (As of 31/01/19)

Current Backlog

Total Backlog Composition by Owner 34

56% 40% 1% 3%

Government Government (Subcontract) Foreign Private

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Cost Structure

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New Project Engagement

36 ‘18 New Project Engagement by Type

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New Project Engagement

37 ‘19 New Project Engagement by Type

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New Projects Awarded in 2018

Project Contract Value Type (THB mm)

1. Underground Conduits 2,945 Tunnel 2. Hotel Building 77 Building 3. Renovate UHT Plant 135 Industrial 4. Underpass 925 Tunnel 5. Pedestrian Bridge 28 Infrastructure 6. Civil Works 350 Infrastructure 7. Metropolitan Rapid Transit 3,540 Infrastructure 8. Metropolitan Rapid Transit 3,086 Infrastructure 9. Underground Electrical Conduits 1,998 Tunnel 10. Wastewater System 294 Infrastructure 11. Produce or Supply Iron Bridge 59 Infrastructure 12. Groundwater Pond 190 Infrastructure 13. Manholes and Underground Electrical Conduits 287 Infrastructure

TOTAL 13,914

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New Projects Awarded in 2019

Project Contract Value Type (THB mm)

1. Flood Protection System 205 Tunnel 2. Improve Port 75 Marine 3. Improve Port 37 Marine 4. Wastewater System 32 Infrastructure 5. Overpass 1,269 Infrastructure 6. Improve Facilities 56 Infrastructure 7. Wastewater System 275 Infrastructure

TOTAL 1,949

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Thailand Construction Industry Overview 2019 Trend

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Thailand GDP

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Economic Index

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Construction Index

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Supporting Factors for 2019 Growth

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Thai Government Construction Value

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Thailand MEGA Project

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Thailand BOI Promotion

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EEC Infrastructure Plan

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EEC in Action

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Investment in EEC

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Marketing

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Budget by Project Size

Following Work

Composition by Owner

Total = 81,876 THB mm (As of 3 Mar 2019)

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7,242 36% 4,500 22% 6,376 31% 2,206 11%

2,000 mb up 1,000 - 1,999 500 - 999 Less than 500

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New Businesses

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Baranee Park Villa Baranee

  • The housing project on Rangsit Klong 3 Road
  • 100% owned by NWR
  • Expected project revenue ~ THB 630 mm
  • Total 198 units
  • Total land 35-3-1 rais
  • The housing project on Romklao Road
  • A subsidiary 99% owned by NWR (Mana

Patanakarn Company Limited)

  • Expected project revenue ~ THB 1,000 mm
  • Total 87 plots
  • Total land 22 rais

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New Business - Property Development

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Baranee Residence

  • The housing project on Rangsit Klong 3 Road
  • A subsidiary 99% owned by NWR (Mana

Patanakarn Company Limited)

  • Expected project revenue ~ THB 850 mm
  • Total 140 units
  • Total land 34-1-34 rais

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New Business - Property Development

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Aspen Condo Lasalle

  • Low rise condominium on Lasalle road
  • A subsidiary 99% owned by NWR (Mana

Patanakarn Company Limited)

  • Expected project revenue ~ THB 780 mm
  • Total 425 units
  • Total land 3-3-78.1 rais

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New Business - Property Development

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Aspen Condo Lasalle Phase B

  • Low rise condominium on Lasalle road
  • A subsidiary 99% owned by NWR (Mana

Patanakarn Company Limited)

  • Expected project revenue ~ THB 750 mm
  • Total 398 units
  • Total land 3-1-65.5 rais

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New Business - Property Development

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New Business - Property Development

ISSI Condominium The Issara Ladprao

Based on its success from CIN, the Company will selectively invest in more property projects that provide both attractive margins and synergies with its current business

  • Modern high end condominium on ladprao road
  • JV with Charn Issara Development PCL (CI:MANA 60:40)
  • Project revenue ~ THB 2,700 mm
  • Total 561 units
  • Modern condominium on Suksawat road
  • JV with Charn Issara Development PCL (CI:MANA 60:40)
  • Project revenue ~THB 1,900 mm
  • Total 892 units
  • Unit area: 21-55 m2

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Baan Issara Bangna

  • The housing project on Bangna-Trad Road,
  • Km. 8
  • JV with Charn Issara Development PCL

(CI:MANA 60:40)

  • Project revenue ~ THB 2,600 mm
  • Total 43 units
  • Total land 24-3-37 rais

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New Business - Property Development

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New Business - Foods

Diversify from its core business, food industry is strategically competitive for Thailand Taste Maker Co., Ltd. is established with registered capital THB 20 million

to develop food products and services for export and hospitality industry

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Ready to Serve Soup & Sauce and Snacks

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New Business - Foods

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By Bua Silom Restaurant

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New Business - Foods

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New Business - Foods

By Bua Lasalle Restaurant

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Q&A Session

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Thank You

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