Qualitech Public Company Limited Opportunity Day March 13, 2020 at - - PowerPoint PPT Presentation

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Qualitech Public Company Limited Opportunity Day March 13, 2020 at - - PowerPoint PPT Presentation

May 31, 2023 106 likes •441 views

Qualitech Public Company Limited Opportunity Day March 13, 2020 at The Stock Exchange of Thailand 1 Opportunity day March 13, 2020 AGENDA COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN Q&A 2 Opportunity day March 13, 2020

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SLIDE 1

Qualitech Public Company Limited

Opportunity Day March 13, 2020 at The Stock Exchange of Thailand

1 Opportunity day March 13, 2020

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SLIDE 2

AGENDA

COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN

2

Q&A

Opportunity day March 13, 2020

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SLIDE 3

AGENDA

COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN

3

Q&A

Opportunity day March 13, 2020

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SLIDE 4

COMPANY DEVELOPMENT

1991

Established

2007

Registered as a public company limited

2009

  • The company’s common stocks

were listed on MAI

  • Granted a license as Thailand's

first inspector of fire tube boiler and water tube boiler

2011

Established the two subsidiaries:

  • 1. QLT International Co.,Ltd.
  • 2. Qualitech Myanmar Co.,Ltd.

2016

  • Received 3 SET Awards
  • Collective Action Coalition

Against Corruption (CAC)

2020

  • Merger and Acquisition :

Duwell Intertrade Co.,Ltd.

…… … … .… …….

4

..…... .… ..…

2012

Forbes Asia Best Under A Billion : THE REGION’S TOP 200 SMALL AND MIDSIZE COMPANIES

2010

Forbes Asia Best Under A Billion : THE REGION’S TOP 200 SMALL AND MIDSIZE COMPANIES

...…

Opportunity day March 13, 2020

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OUR BRANCHES And subsidiaries

The head office is located in Rayong Province, Thailand

THAILAND MYANMAR

Rayong - Headquarter Bangkok office Sriracha office Ban Bueng office

….….. ……….. …….... ….…….. .. .…. …..... …..…... ……….. …..

5

…..…...

Opportunity day March 13, 2020

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SLIDE 6

OUR BUSINESS

Qualitech Plc. operates business as an independent third party engineering services provider i.e. testing inspection and quality assessment and giving engineering advices to meet the international standards, for various organizations for the purpose of inspection or quality assessment in accordance with the international standards as inquired by clients. NEW SERVICE

  • HydroForm-Phased Array Ultrasonic

Testing for Corrosion Mapping

  • Medium Range Ultrasonic Test (MRUT)
  • In-line Inspection (ILI)
  • Visual Inspection by Drone
  • Tube Inspection
  • Tank Cleaning

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BY SERVICE

  • Advanced Non-Destructive Test
  • Conventional Non-Destructive Test
  • Asset Integrity & Plant Inspection
  • Inspection & Certification
  • Metallurgical Testing Laboratory
  • Welding Solution

Opportunity day March 13, 2020

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SLIDE 7

NON - DESTRUCTIVE TESTING

Conventional

  • Gamma Ray
  • X-Ray Crawler
  • X-Ray Directional
  • Positive Material Identification Test
  • Ultrasonic Thickness Measurement (UTM)
  • Magnetic Particle Test (MT)
  • Ultrasonic Test (UT)
  • Penetrant Test (PT)

Advanced

  • Digital Radiographic Test (DRT)
  • Computerize Radiographic Test (CRT)
  • Phase Array Ultrasonic Test (PAUT)
  • Eddy Current Array Test (ECAT)
  • Heat Exchanger Tube Inspection
  • Acoustic Emission Test (AE)
  • Time of Flight Diffraction Test (TOFD)
  • Tank Floor Scan by Magnetic Flux Leakage (MFL)
  • Visual Inspection by Drone
  • Medium Rage Ultrasonic Test (MRUT)
  • Electro Magnetic Acoustic Thickness Gauge (EMAT)
  • In-line Inspection (ILI)

7

Opportunity day March 13, 2020

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SLIDE 8

8

NON - DESTRUCTIVE TESTING

Gamma Ray Ultrasonic Test (UT) Medium Rage Ultrasonic Test (MRUT) In-line Inspection (ILI)

CONVENTIONAL ADVANCE

Opportunity day March 13, 2020

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SLIDE 9

INSPECTION AND CERTIFICATE

Council of Engineers Thailand Department of Industrial Work

  • Boiler and Hot oil
  • Transportation tank, ADR

Department of Energy Business

  • Bureau of Fuel Business Safety
  • Bureau of Natural Gas Business Safety
  • Bureau of Liquefied Petroleum Gas

Business Safety

By Law

API : American Petroleum Institute ASME : American Society of Mechanical Engineers ISO : International Organization for Standardization AWS : American Welding Society

By Code

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Opportunity day March 13, 2020

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INSPECTION AND CERTIFICATE

Chemical Tank LPG Tank and System NGV Tank Petroleum Tank

Opportunity day March 13, 2020

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Specimen Preparation

  • Band Saw Machine
  • Grinding Machine
  • CNC Machine
  • Charpy V-Notch

Broaching Machine Mechanical Test

  • Guided-Bending Test
  • Tensile Test
  • Impact Test

Metallurgical Analysis

  • Rockwell Hardness Test
  • Vickers Hardness Test
  • Micro Structure Analysis
  • Macro structure Analysis
  • Replica Test

MECHANICAL AND METALLURGICAL TESTING LABORATORY

Corrosion Test

  • Inter granular corrosion test
  • Pitting corrosion test

11

Opportunity day March 13, 2020

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SLIDE 12

12

MECHANICAL AND METALLURGICAL TESTING LABORATORY

Impact Test Guided-Bending Test Tensile Test

Opportunity day March 13, 2020

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SLIDE 13

CLIENTS

13 Opportunity day March 13, 2020

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SLIDE 14

AGENDA

COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN

14

Q&A

Opportunity day March 13, 2020

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SLIDE 15

Statement of Income - Consolidated

Unit : Million Baht Unit : Million Baht % Change 2015 2016 2017 2018 2019 +/- Revenue from services 508.31 445.78 385.21 365.31 476.92 31% Cost of services 332.67 323.81 298.65 297.44 352.63 19% Gross Profit 175.64 121.97 86.56 67.87 124.29 83% EBITDA 142.66 81.51 53.55 41.14 81.89 99% Depreciation & Amortization 29.74 30.88 30.84 27.63 26.75

  • 3%

Profit for the period 102.47 44.12 26.09 9.47 50.85 437% Owners of the Company 103.75 44.57 26.39 10.03 50.94 408% Non-controlling interests (1.28) (0.45) (0.30) (0.56) 0.09

  • 116%

EPS (Earning per share) 1.05 0.45 0.27 0.10 0.52 420%

Opportunity day March 13, 2020 15

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508.31 445.78 385.21 365.31 476.92 175.64 121.97 86.56 67.87 124.29 102.47 44.12 26.09 9.47 50.85

2015 2016 2017 2018 2019

Financial Performance

Revenue from services Gross Profit Profit for the period

Unit : Million Baht

Financial Highlight

Highlight

Revenue from services was 476.92 million baht increased from the previous year by 111.61 million baht or 30.55% Gross profit was 124.29 million baht increased from the previous year by 56.42 million baht or 83.13% Profit for the period was 50.85 million baht increased from the previous year by 41.38 million baht or 436.96% The increasing as a result of continue increasing demand of Non-Destructive testing service from construction and fabrication sector and the Company also had revenue from inspection service for turnaround of refinery and petrochemical customer and staff to cope with increasing services demand. However, the company have to increase the reserve of employee benefit. This is in line with the new Labor Protection Act and the calculation assumptions are changed.

Opportunity day March 13, 2020 16

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131 126 124 127 113 112 124 97 126 102 93 65 102 94 83 86 91 109 129 148 35 26 23 19 15 12 24 (7) 13 2 10 1 2 1 (3) 9 3 6 18 24

Q1' 2015 Q2' 2015 Q3' 2015 Q4' 2015 Q1' 2016 Q2' 2016 Q3' 2016 Q4' 2016 Q1' 2017 Q2' 2017 Q3' 2017 Q4' 2017 Q1' 2018 Q2' 2018 Q3' 2018 Q4' 2018 Q1' 2019 Q2' 2019 Q3' 2019 Q4' 2019

Revenue and Net Profit

Revenue from service Profit for the period Unit : Million Baht

Opportunity day March 13, 2020 17

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SLIDE 18

42.93 39.16 13.98 18.50 15.70 167.26 208.05 194.65 182.61 189.54 12.11 6.29 6.62 4.57 9.48 67.98 61.74 43.46 60.15 93.41 105.71 98.46 82.16 66.78 105.83 140.54 90.23 164.96 152.63 128.49

ASSETS

Cash and equivalents & Current investment Trade and other current receivables Unbilled services income Inventories PP & E Other non current assets

Unit : Million Baht

Opportunity day March 13, 2020 18

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SLIDE 19

448.28 443.97 449.91 438.50 456.50 20.70 14.46 18.21 16.30 29.19 67.55 45.50 37.71 30.44 56.76

LIABILITIES & EQUITY

Current liabilities Non current liabilities Total Equity

Unit : Million Baht

Opportunity day March 13, 2020 19

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Ratio

Opportunity day March 13, 2020 20

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Opportunity day March 13, 2020 21

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AGENDA

COMPANY OVERVIEW FINANCIAL HIGHLIGHT HIGHLIGH PROJECT & PLAN

22

Q&A

Opportunity day March 13, 2020

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SLIDE 23

HIGHLIGHT PROJECTS IN 2019

In-line Inspection (ILI):

  • Exxonmobil Exploration And Production

Khorat Inc.

  • PTT Oil and Retail Business Public Company

Limited

23

Opportunity day March 13, 2020

Plant Inspections & Turnaround Projects:

  • Star Petroleum Refining Public Company

Limited

  • Esso (Thailand) Public Company Limited
  • Puma Energy
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SLIDE 24

OBJECTIVE Routine Inspection CLIENT: Bangchak Corporation Public Company Limited Esso (Thailand) Public Company Limited Chevron (Thailand) Limited Dow Chemical Thailand Limited TIMELINE : Yearly contract

HIGHLIGHT PROJECTS IN 2020

24 Opportunity day March 13, 2020

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SLIDE 25

OBJECTIVE In-line Inspection (ILI), for regular maintenance, repair, or rehabilitation reasons, as well as decommissioning PARTNERSHIP ROSEN Group CLIENT Petrochemical Refinery Pipeline Transmission owner

HIGHLIGHT PROJECTS IN 2020

25 Opportunity day March 13, 2020

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HIGHLIGHT PROJECTS IN 2020

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OBJECTIVE Rope access technique to provide services in high area such as Inspection services, Painting service, Mechanic services CLIENT Petrochemical Wind turbine Window glass cleaning

Opportunity day March 13, 2020

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OBJECTIVE Tube inspection services to identify thickness of heat exchanger tubes. CLIENT Petrochemical Power plant

HIGHLIGHT PROJECTS IN 2020

27 Opportunity day March 13, 2020

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HIGHLIGHT PROJECTS IN 2020

CLIENT: THAI ROTARY ENGINEERING PLC. PROJECT: Nong Fab PTTLNG Terminal TIMELINE : Q4/2020 – Q42021

28 Opportunity day March 13, 2020

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HIGHLIGHT PROJECTS IN 2020

CLIENT: VISAVAKIT PATANA CORP., LTD. PROJECT: Arctic LNG Project (Fire Heater) TIMELINE : Q2/2020 – Q2/2022

29 Opportunity day March 13, 2020

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HIGHLIGHT PROJECTS IN 2020

CLIENT: Aibel Thailand Ltd PROJECT: Modec Project TIMELINE : Q2/2021 – Q2/2023

30 Opportunity day March 13, 2020

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HIGHLIGHT PROJECTS IN 2020

CLIENT: BJC heavy industries PCL PROJECT: Santos & Linde project TIMELINE : Q1/2020 – Q4/2020

31 Opportunity day March 13, 2020

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Q&A

32 Opportunity day March 13, 2020