Opportunity Day on September 19, 2019 Content Company Profile - - PowerPoint PPT Presentation

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Opportunity Day on September 19, 2019 Content Company Profile - - PowerPoint PPT Presentation

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Tirathai Public Company Limited Opportunity Day on September 19, 2019 Content Company Profile Operating Result of Q22019 Outlook 2019 Q &A 2 Company Profile 3 TIRATHAI & Its subsidiary TIRATHAI Public company

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Tirathai Public Company Limited

Opportunity Day on September 19, 2019

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Content

  • Company Profile
  • Operating Result of Q2’2019
  • Outlook 2019
  • 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 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 THAIFINS 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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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) 33% 33% 33%

Utilites Private Export

Revenue Policy by Customer

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  • 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

  • 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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Operating Result of Q2’2019

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Consolidated Financial Statements

10 Unit : Million Baht 2016 2017 2018 Q1'19(3M) Q2'19(6M) Total Revenue 2,577.33 2,448.03 2,636.62 555.34 1,044.07 Revenue from Sales & Service 2,536.52 2,429.77 2,615.91 528.70 1,021.32 Gross Profit 661.01 488.45 572.85 68.73 218.61 EBITDA 192.89 (17.24) 146.88 14.70 36.04 EBIT 125.81 (32.33) 58.81 (6.87) (6.84) Net Profit/(Loss) attributable to equity holders 59.05 (71.19) (35.19) (19.11) (38.30) Total Asset 3,303.62 3,147.29 3,151.87 2,968.76 2,942.03 Total Liabilities 2,176.83 2,112.51 2,136.95 1,971.39 1,964.90 Shareholders' equity 1,126.79 1,034.78 1,014.93 997.37 977.12 Financial Ratio Gross Profit Margin (%) 26.06% 20.10% 21.90% 13.00% 21.40% Net Profit/(Loss) Margin (%) 2.38%

  • 2.81%
  • 2.91%
  • 3.45%
  • 3.88%

Return on Asset (%) 1.87%

  • 2.29%
  • 2.29%
  • 0.64%
  • 1.30%

Return on Equity (%) 5.36%

  • 3.47%
  • 3.47%
  • 1.92%
  • 3.92%

Book Value Per shares 3.66 3.36 3.36 3.24 3.17 Earnings per Share 0.20 (0.22) (0.22) (0.06) (0.13) Dividend per Share 0.13

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Structure of Incomes by

Group

Customer

2016 2017 2018 Q2’2018 (6M) Q2’2019 (6M)

Transformer

  • 1. Gov+Local

1,306 1,195 1,352 706 645 2.Export 479 401 580 95 81

  • 3. Transformer

Service 82 71 44 21 13 Total Transformer 1,867 1,667 1,975 822 739 Non- Transformer

  • 4. Steel

Structure & Fabricate 161 357 221 114 59

  • 5. Distributing

Digger/Arial truck 209 70 61 37 38

  • 6. Operating &

Maintenance

299 336 358 174 185

  • 7. Others

41 18 21 7 23 Total non- transformer 710 781 661 332 305 Total 2,577 2,448 2,637 1,154 1,044

11 1,667 1,975 822 739 781 661 332 305

  • 500

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

2017 2018 Q2' 18 Q2' 19

Transformer Non-Transformer Million 68% 75% 71% 71% 32% 25% 29% 29%

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

2017 2018 Q2' 18 Q2' 19

Transformer Non-Transformer

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387 435 403 336 822 739 155 177 153 152 332 305

250 500 750 1,000

Q1' 18 (3M) Q2' 18 (3M) Q1' 19 (3M) Q2' 19 (3M) Q2'18 (6M)Q2'19 (6M)

  • Bt. Mil

Transformer Non transformer

Total Revenues QoQ

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Gross Profit Margin by product QoQ ,Q2’18 vs Q2’19

13 23% 20% 9% 29% 22% 18% 29% 24% 33% 26% 27% 30% 0% 5% 10% 15% 20% 25% 30% 35%

Q1' 18 (3M)Q2' 18 (3M) Q1'19 (3M) Q2'19 (3M) Q2' 18 (6M)Q2' 19 (6M)

Transformer Non transformer

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1.38 1.40 1.47 1.41 1.38 1.37

1.32 1.34 1.36 1.38 1.40 1.42 1.44 1.46 1.48 Q1' 18 Q2' 18 Q3' 18 Q4' 18 Q1' 19 Q2' 19

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. Million
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Outlook 2nd Half 2019

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2019F-Structure of Incomes by Product

1,667 1,976 1,795 781 661 525

  • 500

1,000 1,500 2,000 2,500 2017 2018 2019F

Transformer Non-Transformer Million 68% 75% 73% 32% 25% 27%

0% 10% 20% 30% 40% 50% 60% 70% 80% 2017 2018 2019 F

Transformer Non-Transformer Group Customer 2017 2018 Q2 ‘19 (6M) 2019 F Transformer

  • 1. Gov+Local

1,195 1,352 645 1,445 2.Export 401 580 81 300

  • 3. Transformer Service

71 44 13 50 Total Transformer 1,667 1,976 739 1,795 Non-Transformer

  • 4. Steel Structure & Fabricate

357 221 59 120

  • 5. Distributing Digger/Arial

truck 70 61 38 75

  • 6. Operating & Maintenance

336 358 185 330

  • 7. Others

18 21 23

  • Total non-transformer

781 661 305 525 Total 2,448 2,637 1,044 2,320 Expected GPM Range 20%-25%

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TRT Group 2nd Half 2019 Outlook

Transformer 74% Non Transformer 26%

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Group Customer Delivered M7-8’19 (1) BLG as of 31/08/19 (2) Total (1+2) Delivery in 2nd H 2019 Delivery in 2020 Transformer

  • 1. GOV+Local

196 1,195 1,391 734 656

  • 2. Export

89 380 469 190 279

3.Transformer Service

  • Total transformer

285 1,575 1,860 924 935

Non- Transformer

  • 4. Steel Structure &

Fabricate

16 30 45 41 4

  • 5. Distributing

Derrick/Arial truck

11 352 363 39 324

  • 6. Operating &

Maintenance

61 83 144 144

  • Total non-

transformer

87 465 552 224 328

Total

372 2,040 2,412 1,148 1,264

Remark : 1,195 including MEA order of Baht 419 million , 380 including Sri Lanka Project of USD 4 million

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2nd Half 2019 Outlook Highlight

  • 1. Awarded MEA Project – CSP Transformer of Baht

448 million in August 2019 to be delivered not less than 75% in Q4’ 2019 and the rest in Q1’ 2020

  • 2. Hambantota Substation Project in Sri Lanka

USD 4 million in September 2019 to be delivered in Q2’ –Q3’ 2020

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Bids and Quotations in Process as of 31 August 2019

Customer M’ Baht 1.MEA 1,652 2.PEA 1,900 3.EGAT 1,150 4.Local 2,050 5.Export 1,251

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

674

  • 8. Steel Structure & Fabricate

65 Total 8,742

With a succession rate approximately 20%-25%

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Changing of Business Environment

Changing of Business Environment Urban Management Digitization of Infrastructure Energy Sector Good Scenery of City Space Availability and Investment Environmental Impact Integration and Automation Investment and Asset Management Customization and Networking Energy Transportation Energy Supply Energy Consumption

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Changing of Business Environment

Energy Sector

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Changing of Business Environment

Power Flow Power Flow Power Flow Past Present Future Changing of Power Flow

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Changing of Business Environment

Changing of Power Flow

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Changing of Business Environment

Smart Grid

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Opportunity and New Business of TRT

Changing of Business Environment Urban Management Digitization of Infrastructure Energy Sector GIS and Unit Substation Large Scale Energy Storage Battery System Home Power Box E-mobility Online Monitoring

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

  • One of the largest Battery Manufacturer from China
  • Leading in Lithium Iron Phosphate Battery (LiFePO4) Technology
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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

About TIRATHAI Business Partner

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Opportunity and New Business of TRT

Energy Storage System

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Opportunity and New Business of TRT

Energy Storage System

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

Lead Acid Battery Replacement

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

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Opportunity and New Business of TRT

EV Conversion

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New Business Portfolio of TRT

Circular Economy

  • Value Enhancement
  • Life Cycle Extend
  • Second Life Asset
  • Less Waste
  • Self sufficient
  • Fully Utilization
  • Constructive not Destructive
  • Engineering Excellence
  • Affordable
  • Environmental Impact
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New Business Portfolio of TRT

Battery Business (Time to Market)

System Component Element ESS System E-Mobility ESS System E-Mobility Lead Acid Replacement Government Non- Government EV Conversion Charging and Storage System Battery for Solar Rooftop Battery Pack B2B B2C

ผลิตภัณฑ์ ที่ เข ้ าข่ายการ พิจารณา ผลิตภัณฑ์ที่ สร้างรายได ้ หรือเกิดผล เชิงพาณิชย์ อยู่ระหว่าง การพัฒนา ธุรกิจ อยู่ระหว่าง การพัฒนา ผลิตภัณฑ์

2020 2020 2020 2020 2020 2020 2019 2020

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New Business Portfolio of TRT

TRT Group Business Structure

TRT Group Business Structure Power Modern Transportation Power Transmission and Distribution Transformer Manufacturing Unit Substation GIS Grid Solution Green Transportation Special Vehicle Energy Storage System Online Monitoring Charging System e-Mobility Green and Smart Transportation Special Truck Battery Business Renewable Power

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