Opportunity Day TIRATHAI PUBLIC COMPANY LIMITED March 2, 2010 - PowerPoint PPT Presentation

LOGO Opportunity Day TIRATHAI PUBLIC COMPANY LIMITED March 2, 2010

Contents Company Profile, Business & Products 1 Business Goals 2 Electrical Demand Overview 3 Structure of Income & Operating for 2009 4 Business Forecast for 2010 5 www.themegallery.com

TRT & It’s Subsidiary TIRATHAI PUBLIC COMPANY LIMITED (Plant II – Head Office) Manufacture for Power transformer Capacity up to 300 MVA System voltage up to 230 kV THAIFINS COMPANY LIMITED TIRATHAI PUBLIC COMPANY Manufacture for Transformer’s fins and LIMITED (Plant I) Tank Manufacture for Distribution transformer support to Tirathai public Company Limited Capacity up to 10 MVA System voltage up to 36 kV www.themegallery.com

Transmission Line PRIVATE SUBSTATION Big Industry > 10 MVA Transmission line Transmission line 500, 230, 115 kV 230, 115, 69 kV Step up Power Plant 6.6, 22, 33 Transformer 24 kV Transmission line 230, 115, 69 kV MEA’S SUBSTATION ~ 60 MVA PEA’S SUBSTATION ~ 60 MVA 6.6, 3.3 416/240, 400/230 kV Distribution line Distribution line 22, 33 kV 24, 12/24 kV Industry & Big Building Infrastructure & Housing 400/230 V 416/240 V www.themegallery.com

Product of TRT Power Transformer Title Capacity 5 - 300 MVA Rated Voltage 230 kV Distribution Transformer Title Capacity 1 - 100 MVA Rated Voltage 36 kV Rectifier & Induction Furnace Title Capacity 1 - 10 MVA Rated Voltage 36 kV www.themegallery.com

Business Goals www.themegallery.com

Missions & Visions Visions  To be a leading transformer manufacturer in South-East Asia  To meet Customers’ needs  To maintain good image of the organization Missions  Determined to develop the technology and efficiency of its production for excellence of transformer manufacturing  Develop personnel at all levels to obtain the required knowledge and abilities by means of Team work, Integrity, Quality and Customer Focus  Create the added value to shareholders and social responsibilities, as well as fair treatment to all stakeholders www.themegallery.com

Being a leading transformer Company Goals manufacturer in South-East Asia Region  TRT is a Thai manufacturer of  Having production capacity to produce up to 300 MVA transformer who produced variety of with Voltage 230 KV of Power Transformer in order to cope quality Transformer products with up with the incremental Electricity Demand both locally international standard upon and regionally. customers’ needs and satisfaction.  TRT also provides variety quality service to meet our customers’ demands www.themegallery.com

Electricity Demand Overview www.themegallery.com

PDP Growth Rates ข ้ อมูลจาก สศช. ตามความเห็นของ คณะอนุกรรมการการพยากรณ์ความต้องการไฟฟ ้ า เมื่อ 8 ธ.ค. 51 www.themegallery.com

Peak Electricity Demand Forecast Electricity Year MW Sep.07 Dec.08 2008 (2551) 23,957 22,017 2009 (2552) 25,225 22,886 2010 (2553) 26,635 23,936 2011 (2554) 27,996 25,085 2012 (2555) 29,625 26,572 2013 (2556) 31,384 28,188 2014 (2557) 33,216 29,871 2015 (2558) 35,251 31,734 2016 (2559) 37,382 33,673 2017 (2560) 39,560 35,668 2018 (2561) 41,795 37,725 2019 (2562) 44,082 39,828 2020 (2563) 46,481 42,024 Year 2021 (2564) 48,958 44,281 www.themegallery.com

Structure of Incomes and Operating for 2009 www.themegallery.com

Structure of Incomes and Operating Results for 2009 (by type of Transformer & Service) 2007 2008 2009 - Distribution 703 933 1,034 - Power 638 1,042 1,105 - Service and 68 132 84 Components of Transformer Total 1,409 2,107 2,223

Structure of Incomes (by type of Customer) Million Baht 2007 2008 2009 - Government 409 775 703 - Local 619 479 706 - Export 313 755 730 - Service and 68 132 84 Components of Transformer Total 1,409 2,106 2,223 www.themegallery.com

TRT Local Market Share Distribution Transformer Power Transformer ≤ 100 MVA Voltage ≤ 132 kV ≤ 3000 kV – 10,000 kV Voltage ≤ 33 kV 11% TRT 33% 34% TRT ABB 33% Power Transformer DAIHEN >100 MVA Voltage ≤ 230 kV 50% 50% ABB TRT www.themegallery.com

Consolidated Financial Statements 2007 2008 31.12.2009 Unit: Million Baht Total Revenue 1,430.17 2,138.46 2,263.68 Revenue from Sales & Service 1,409.44 2,106.18 2,223.16 Gross Profit 404.19 579.21 581.66 EBITDA 230.96 335.97 354.48 EBIT 189.62 305.66 312.57 Net Profit 121.26 203.94 220.75 Total Assets 1,307.17 1,932.73 1,971.58 Total Liabilities 809.43 1,251.15 1,187.95 Shareholders' Equity 497.74 665.21 783.63 Financial Ratio Gross Profit Margin (%) 28.68% 27.50% 26.16% Net Profit Margin (%) 8.48% 9.54% 9.75% Return on Asset (%) 14.41% 18.87% 16.07% Return on Equity (%) 2 6.96 % 3 5.07 % 30.47% Book Value Per Share(Par1Baht) 2.46 3.28 3.86 Earning Per Share 0.60 1.01 1.09 Dividend Per Share 0.31 0.51 0.55 www.themegallery.com

Financial Highlight Gross Profit Margin Net Profit Margin 8.48% 9.54% 9.75% 28.68% 27.50% 26.16% 2007 2008 2009 17 www.themegallery.com

Financial Highlight Balance Sheet D/E Ratio 18 www.themegallery.com

Financial Highlight As of 28/12/ 2007 30/12/ 2008 30/12/2009 24/02/2010 P/E 8.03 6.90 4.77 5.65 P/BV 1.45 1. 57 1.88 2.23 Dividend Yield ( % ) - 7.62 8.02 6.76 Last Price (Baht) at par 1 3.28 4.00 6.30 6.35 Baht Market Capital (Million 663.65 810.57 1,276.65 1,514.07 Baht) www.themegallery.com

Business Forecast for 2010 www.themegallery.com

Target 2010   Revenue from Sales 2,200 - 2,300 M’ Baht close to 2009 target

Some of Our Major Customers  Delivery in 2010  EGAT 300 MVA M’Baht 197 (The Greater Bangkok Area)  PEA (PEA-M004A/10) M’Baht 133  Thai Jurong Engineering (IRPC) M’Baht 114  Stone & Webster M’Baht 109  Toyo-Thai Corporation M’Baht 31

Orders, Bids, Quotations in Process  EGAT Total 1,800 – 2,000 M’Baht (Power TR) 300 MVA  MEA (Dist. TR) Total 1,600 – 1,800 M’Baht Total 150 – 200 M’Baht (Power)  PEA M’Baht (Dist. TR) Total 1,800 Total 150 – 200 M’Baht (Power)  Local M’Baht Total 1,000  Export M’Baht Total 1,000 *** Expect to receive the above orders approximately 20 – 30%

LOGO Question & Answer