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

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Opportunity Day

TIRATHAI PUBLIC COMPANY LIMITED

March 2, 2010

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

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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 Manufacture for Transformer’s fins and Tank support to Tirathai public Company Limited TIRATHAI PUBLIC COMPANY LIMITED (Plant I) Manufacture for Distribution transformer Capacity up to 10 MVA System voltage up to 36 kV

TRT & It’s Subsidiary

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Transmission Line

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

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Product of TRT Title

Power Transformer Capacity 5 - 300 MVA Rated Voltage 230 kV

Title

Distribution Transformer Capacity 1 - 100 MVA Rated Voltage 36 kV

Title

Rectifier & Induction Furnace Capacity 1 - 10 MVA Rated Voltage 36 kV

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Business Goals

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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 Missions & Visions

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Being a leading transformer manufacturer in South-East Asia Region

• TRT is a Thai manufacturer of

transformer who produced variety of quality Transformer products with international standard upon customers’ needs and satisfaction.

• TRT also provides variety quality

service to meet our customers’ demands

• Having production capacity to produce up to 300 MVA

with Voltage 230 KV of Power Transformer in order to cope up with the incremental Electricity Demand both locally and regionally.

Company Goals

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Electricity Demand Overview

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ข ้ อมูลจาก สศช.

ตามความเห็นของ คณะอนุกรรมการการพยากรณ์ความต้องการไฟฟ ้ า เมื่อ 8 ธ.ค. 51

PDP Growth Rates

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Year Electricity 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 2021 (2564) 48,958 44,281

Year

Peak Electricity Demand Forecast

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Structure of Incomes and Operating for 2009

2007 2008 2009

• Distribution

703 933 1,034

• Power

638 1,042 1,105

• Service and

Components of Transformer 68 132 84 Total 1,409 2,107 2,223 Structure of Incomes and Operating Results for 2009 (by type of Transformer & Service)

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2007 2008 2009

• Government

409 775 703

• Local

619 479 706

• Export

313 755 730

• Service and

Components of Transformer 68 132 84

Total 1,409 2,106 2,223

Million Baht

Structure of Incomes (by type of Customer)

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11% TRT 50% TRT 50% ABB 33% TRT 33% DAIHEN 34% ABB

Distribution Transformer ≤ 3000 kV – 10,000 kV Voltage ≤ 33 kV Power Transformer ≤ 100 MVA Voltage ≤132 kV Power Transformer >100 MVA Voltage ≤230 kV

TRT Local Market Share

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Unit: Million Baht

2007 2008 31.12.2009

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 (%) 26.96% 35.07% 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

Consolidated Financial Statements

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28.68% 27.50% 26.16%

8.48% 9.54% 9.75%

2007 2008 2009 Gross Profit Margin Net Profit Margin

17

Financial Highlight

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Balance Sheet

D/E Ratio

18

Financial Highlight

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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 Baht

3.28 4.00 6.30 6.35

Market Capital (Million Baht)

663.65 810.57 1,276.65 1,514.07

Financial Highlight

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Business Forecast for 2010



• Revenue from Sales

2,200 - 2,300 M’ Baht close to 2009 target

Target 2010

Delivery in 2010

• EGAT 300 MVA

197 M’Baht (The Greater Bangkok Area)

• PEA (PEA-M004A/10)

133 M’Baht

• Thai Jurong Engineering (IRPC)

114 M’Baht

• Stone & Webster

109 M’Baht

• Toyo-Thai Corporation

31 M’Baht

Some of Our Major Customers

• EGAT

(Power TR) 300 MVA Total 1,800 – 2,000 M’Baht

• MEA (Dist. TR)

Total 1,600 – 1,800 M’Baht (Power) Total 150 – 200 M’Baht

• PEA

(Dist. TR) Total 1,800 M’Baht (Power) Total 150 – 200 M’Baht

• Local

Total 1,000 M’Baht

• Export

Total 1,000 M’Baht *** Expect to receive the above orders approximately 20 – 30%

Orders, Bids, Quotations in Process

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Question & Answer