Opportunity Day on November 22, 2018 Content Company Profile - - PowerPoint PPT Presentation

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Opportunity Day on November 22, 2018 Content Company Profile - - PowerPoint PPT Presentation

Oct 11, 2023 158 likes •390 views

Tirathai Public Company Limited Opportunity Day on November 22, 2018 Content Company Profile Operating Result of Q32018 Outlook 2018 Q &A 2 Company Profile 3 Tirathai & Subsidiaries Tirathai Public company Limited

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Tirathai Public Company Limited Opportunity Day on November 22, 2018

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SLIDE 2

Content

  • Company Profile
  • Operating Result of Q3’2018
  • Outlook 2018
  • Q &A

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SLIDE 3

Company Profile

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SLIDE 4

Tirathai & Subsidiaries

Tirathai Public company Limited

Tirathai E&S Co.,ltd. Distribution , installation maintenance service of electrical power equipment L.D.S. METAL WORK Co.,ltd. Manufacture for Tank and fabricate steel , EPC Conveyor System JV L.D.S - N.D.P Operation and Maintenance of Conveyor System of Hongsa Power Co. Ltd, (HPC), Laos PDR Thaifin Co.,ltd. Manufacture for Transformer’s fins and Tank support to Tirathai Plc.,ltd. 100% 100% 92.50% 20% 80%

Manufacturer of Distribution and Power Transformers and Repair Service

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SLIDE 5

II. Non-transformer

  • Arial Derrick Crane
  • Steel Fabrication
  • Constructions
  • Bulk Handling System
  • Operation and Maintenance Conveyor Belt System
  • Distribution

Transformer

  • Power Transformer
  • Transformer Service
  • Transformer Repair

Products of Tirathai Group

I.

Transformer

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SLIDE 6
  • I. Transformer Products & Services

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Distribution Transformer Power Transformer Special Transformer Our Main Customers

  • 1. Utilities

(PEA,MEA,EGAT)

  • 2. Private

2.1 Steel industry 2.2 Sugar industry 2.3 Power Plant 2.4 Energy industry 2.5 International Contractors 2.6 Others

  • 3. Export

(ASIA+SE.ASIA) 33% 33% 33%

Utilites Private Export

Revenue Policy by Customer

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SLIDE 7
  • II. Non Transformer Products

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  • Arial Crane Device

and Digger Derick Unit

  • Steel Fabrication
  • Construction
  • EPC Conveyor Belt

System

  • Operating and

Maintenance Service

  • f Conveyor Belt

System 50% 50%

Transformer Non transformer

Revenue Policy by Product Group

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TRT’s Key Strength

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  • Experience management team with more than 30 years in the

Transformer business

  • Engineering-to-Order
  • High Quality Products and Services
  • Top three of manufacturer of 300 MVA 230 kV Power Transformer in

Thailand

  • Well recognize as a successful player in bulk handling system including a

provider of Operating & Maintenance Service for power plant, mining and related industry

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SLIDE 9

Operating Result of Q3’2018

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Consolidated financial Statements

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Unit : Million Baht 2015 2016 2017 Q3'17(9M) Q3'18(9M) Total Revenue 2,264.09 2,577.33 2,448.03 1,650.00 1,752.86 Revenue from Sales & Service 2,223.97 2,536.52 2,429.77 1,635.04 1,740.48 Gross Profit 413.65 661.01 488.45 261.28 373.07 EBITDA 44.87 192.89 (17.24) (94.09) 65.08 EBIT (16.81) 125.81 (32.33) (154.21) (0.99) Net Profit/(Loss) attributable (58.28) 59.05 (71.19) (157.19) (35.61) Total Asset 3,024.84 3,303.62 3,147.29 3,048.47 3,264.28 Total Liabilities 1,947.70 2,176.83 2,112.51 2,121.63 2,265.29 Shareholders' equity 1,077.14 1,126.79 1,034.78 926.84 998.99 Financial Ratio Gross Profit Margin (%) 18.60% 26.06% 20.10% 15.98% 21.43% Net Profit/(Loss) Margin (%)

  • 2.03%

2.38%

  • 2.81%
  • 9.69%
  • 2.03%

Return on Asset (%)

  • 2.05%

1.87%

  • 2.29%
  • 5.16%
  • 1.09%

Return on Equity (%)

  • 5.18%

5.36%

  • 3.47%
  • 16.96%
  • 3.56%

Book Value Per shares 3.50 3.66 3.36 3.01 3.24 Earnings per Share (0.15) 0.20 (0.22) (0.51) (0.12) Dividend per Share 0.05 0.13 - - -

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1,868 1,667 1,072 1,278

667 763 563 463

500 1,000 1,500 2,000 2,500 2016 2017 9M 2017 9M 2018

  • Bt. Mill

Transformer Non transformer

2,535 2,430 1,741 1,635

Total Revenues YoY

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Total Revenues QoQ

404 249 419 595 387 435 455 205 209 150 200 146 179 145 608 457 570 795 534 614 600

  • 200

400 600 800 1,000 1,200 1,400 1,600 1,800

Q1'17 Q2'17 Q3'17 Q4'17 Q1'18 Q2'18 Q3'18

Bt.Mill

Transformer Non-Transformer

Increased 5% QoQ

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Transfomer 73%

NonTransformer 27%

9M as of 30/9/18 Total Revenue Total Revenue of 570 MBt in Q3’17 increased to 600 MBt in Q3’18. Transformer revenue of 419 MBt in Q3’17 increased to 455 MBt inQ3’18, but Non-transformer revenue of 419 MBt in Q3’17 slightly decreased to 145 MBt in Q3’18.

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Gross Profit Margin by Product YoY Compared to 9 Months

22% 17% 12% 19%

38% 27% 24% 28% 0% 5% 10% 15% 20% 25% 30% 35% 40%

2016 2017 9M 2017 9M 2018

Transformer Non-transformer

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Gross Profit Margin by products, QoQ

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14% 4% 15% 26% 23% 20% 16% 30% 31% 5% 37% 29% 24% 30%

Q1' 17 Q2'17 Q3' 17 Q4' 17 Q1' 18 Q2'18 Q3' 18

Transformer Non-Transformer

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261 414 (154) (94) (157) 373 386 (1) 65 (36) (200) (100) 100 200 300 400 500

GP SG&A EBIT EBITDA Net Profit Attributed to Equity Holders

9M'2017 9M'2018

16% 21%

  • 9%

22%

  • 0.06%
  • 10%

25%

  • 2%

Bt.Mil

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Total Gross Profit (GP) VS Net Profit Margin (NPM) VS SG&A QoQ (9 months to 30.9.2018) (Consolidated)

4%

  • 6%
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1.46 1.49 1.54 1.41 1.38 1.40 1.47 1.30 1.35 1.40 1.45 1.50 1.55 1.60 Q1' 17 Q2' 17 Q3' 17 Q4' 17 Q1' 18 Q2' 18 Q3' 18 Interest Bearing Debt/Equity

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Interest Bearing Debt/Equity Ratio

Interest Bearing Debt/Equity Ratio is in line with our business plan

  • Bt. Mil
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Outlook 2018

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Structure of Incomes by Products

18 1,867 1,667 1,917 1,278 710 781 878 463

  • 500

1,000 1,500 2,000 2,500

2016 2017 2018 (F) Q3 2018 (9M)

Transformer Non-Transformer

  • Bt. Mil

73% 68% 69% 73% 27% 32% 31% 24%

0% 10% 20% 30% 40% 50% 60% 70% 80%

2016 2017 2018 (F) Q3 2018 (9M)

Transformer Non-Transformer

  • Bt. Mil

2016 (A) 2017 (A) 2018 (F) 9M' 2018(A) Q4,3M' 2018(F) 1,306 1,195 1,374-1,434 1,053 504 2.Export 479 401 461-481 194 425 82 71 82-85 31

  • 1,867

1,667 1,917-2,000 1,278 929 161 357 428-439 169 106 209 70 150-206 45

  • 299

336 300-330 250 80 41 18

  • 710

781 878-975 463 186 2,577 2,448 2,795- 2,975 1,740 1,115 Non-Transformer Transformer

  • 1. Gov+Local
  • 3. Transformer Service

Group/ Customer Total non-transformer Total Total Transformer

  • 4. Steel Structure &

Fabricate

  • 5. Distributing

Digger/Arial truck

  • 6. O&M
  • 7. Others
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SLIDE 19

TRT Group Backlog As of 30.09.18

Group

Customer Total Backlog (1)+(2) Delivery in 2018 (1) Delivery in 2019 (2)

Transformer

  • 1. GOV+Local

631 504 127

  • 2. Export

653 425 228 3.Transformer Service

  • Total transformer

1,284 929 355

Non- Transformer

  • 4. Steel Structure &

Fabricate

106 106

  • 5. Distributing

Derrick/Arial truck

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  • 5
  • 6. Operating &

Maintenance

380 80 300

Total non-transformer

491 186 305 Total 1,775 1,115 660

Transformer 72% Non- Transformer 28%

Transformer Non-transformer

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Customer M’ Baht 1.MEA* 2,450 2.PEA 2,100 3.EGAT* 1,410 4.Local 1,900 5.Export 1,680

  • 6. Transformer Service
  • 7. Distributing Derrick/Arial crane

2,000

  • 8. Steel Structure & Fabricate

700 Total 12,240

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Bids and Quotations in Process As

  • f 30 September 2018

** Expect to receive the above orders approximately 20-25%

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