Opportunity Day on November 24, 2017 Content Company Profile - - PowerPoint PPT Presentation

Tirathai Public Company Limited

Opportunity Day on November 24, 2017

Content

• Company Profile
• Operating Result of Q3 2017
• Outlook 2017
• Q &A

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Company Profile

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TIRATHAI & It’s subsidiary

TIRATHAI Public company Limited

TIRATHAI E&S Co.,ltd. Distribution , installation maintenance service of electrical power equipment

Manufacture for Tank and fabricate steel , EPC Conveyor System

JV L.D.S - N.D.P Operation and Maintenance

• f Conveyor System of Hongsa

Power Co. Ltd, (HPC), Laos PDR THAIFINS Co.,ltd. Manufacture for Transformer’s fins and Tank support to Tirathai Plc.,ltd. L.D.S. METAL WORK Co.,ltd. 100% 100% 92.50% 20% 80%

Manufacturer of Distribution and Power Transformers and Repair Service

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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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• I. Transformer Product &

Service

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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) 16% 58% 26%

Utilites Private Export

Transformer Revenue 2016 by Customer

• 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 72% 28%

Transformer Non transformer

Total Revenue 2016 by Product Group

TRT’s Key Strength

• Experience management team with more than 25 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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Operating Result of Q3 2017

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Consolidated financial Statements

Unit: Million Baht 2014 2015 2016

Q3 2017 (9M)

Total Revenue 2,163.26 2,264.90 2,577.33 1,650.00 Revenue from Sales & Service 2,131.63 2,223.97 2,536.52 1,635.04 Gross Profit 508.29 411.84 661.01 261.28 EBITDA 170.24 44.87 192.89 (94.09) EBIT 66.59 (6.81) 125.81 (154.21) Net Profit/(Net Loss) attributable to equity holders 48.64 (45.97) 61.22 (159.92) Total Assets 2,653.19 3,024.84 3,303.62 3,048.47 Total Liabilities 1,478.97 1,947.70 2,176.83 2,121.63 Shareholders' Equity 1,174.22 1,077.14 1,126.79 926.84 Financial Ratio Gross Profit Margin (%) 23.85% 18.52% 26.06% 15.98% Net Profit (Loss)Margin (%) 2.24% (2.57%) 2.38% (9.69%) Return on Asset (%) 1.85% (2.05%) 1.87%

• Return on Equity (%)

4.10% (5.18%) 5.36%

• Book Value Per Share

(Par1Baht) 3.81 3.50 3.66 3.01 Earning Per Share 0.16 (1.15) 0.20 (0.51) Dividend Per Share 0.10 0.05 0.13

• 10

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435 484 391 559 404 249 419

139 99 261 168 205 209 150

250 500 750

Q1' 16 Q2' 16 Q3' 16 Q4' 16 Q1' 17 Q2'17 Q3' 17

• Bt. Mil

Transformer Non transformer 9M TO 30.9.2017 Revenues

Transformer 66% Non-Transformer 34%

Total revenues QoQ

QoQ Decreased 12%

652 569

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1,643 1,868 1,310 1,072 581 667 499 563 500 1,000 1,500 2,000 2,500 2015 2016 9 M to 30/9/2016 9 M to 30/9/2017

• Bt. Mil

Transformer Non transformer

2,264 2,577 1,635 1,809

Total Revenues YoY and Q3 (9 M)

Gross Profit Margin by products YoY and Q3 (9 M)

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20% 25% 22% 12% 15% 47% 37% 24%

2015 2016 9M TO 30/9/2016 9M TO 30/9/2017

Transformer Non transformer

• A lower gross profit margin of transformer group for 9 Months to 30/9/2017

compared to the same period last year, due to the impact of the postponement

• f using the utilities budget, caused high price competition, especially in the

local market.

Total Gross Profit (GP) VS Net Profit Margin (NP) VS SG&A YoY and Q3 (9 Months) (Consolidated)

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19% 26% 26% 16%

• 2%

2% 3%

• 10%

21% 22% 24% 25%

• 15%
• 10%
• 5%

0% 5% 10% 15% 20% 25% 30%

2015 2016 9 Months to 30.9.16 9 Months to 30.9.17 GP NP SG&A

Outlook 2017

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Structure of Incomes by

Group

Customer

2015 2016 Q3 2016 (9M) Q3 2017 (9M)

Transformer

• 1. Gov+Local

937 1,306 1,019 676 2.Export 650 479 232 348

• 3. Transformer

Service 56 82 61 48 Total Transformer 1,643 1,867 1,312 1,072 Non- Transformer

• 4. Steel

Structure & Fabricate 370 161 140 313

• 5. Distributing

Digger/Arial truck 99 209 171 23

• 6. Operating &

Maintenance 111

299 190 227

• 7. Others

41 41 36 15 Total non- transformer 621 710 537 579 Total 2,264 2,577 1,849 1,650

16 1,643 1,867 1,310 1,072 621 710 537 579

• 500

1,000 1,500 2,000

2015 2016 Q3 2016 (9M) Q3 2017 (9M)

Transformer Non-Transformer Million 73% 73% 72% 66% 27% 27% 28% 34%

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

2015 2016 Q3 2016 (9M) Q3 2017 (9M)

Transformer Non-Transformer

TRT Group Backlog As of 30.09.2017

Group

Customer Total Backlog (1)+(2)+(3) Delivery in 2017 (1) Delivery in 2018 (2) Delivery in 2019 (3)

Transformer

• 1. GOV+Local

1,412 623 760 29

• 2. Export

102 72 30

• 3.Transformer

Service

• Total transformer

1,514 695 790 29

Non- Transformer

• 4. Steel Structure

& Fabricate

72 61 11

• 5. Distributing

Derrick/Arial truck

71 71

• 6. Operating &

Maintenance

704 104 300 300

Total non- transformer

847 236 311 300 Total 2,361 931 1,101 329

Transformer 64% Non- Transformer 36%

Transformer Non-transformer

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Bids and Quotations in Process As

• f 31 October 2017

Customer M’ Baht 1.MEA 1,100 2.PEA 1,300 3.EGAT 1,100 4.Local 2,100 5.Export 1,320

• 6. Transformer Service

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• 7. Distributing Derrick/Arial crane

1,460

• 8. Steel Structure & Fabricate

429 Total 8,839

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

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